X4HR Consulting: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
X4HR Consulting
Largest movements
- Deferred charges and accrued income -€14,490
down €14,490 (-100%), from €14,490 to €0
- Cash +€10,736
up €10,736 (+140%), from €7,657 to €18,392
mainly Deferred charges and accrued income (+€14,490) and Receivables within one year (+€6,991)
- Receivables within one year -€6,991
down €6,991 (-19.2%), from €36,507 to €29,515
of which Trade receivables: -€4,773
- Tangible fixed assets -€2,831
down €2,831 (-21.2%), from €13,325 to €10,494
- Trade debts -€21,716
down €21,716 (-82.1%), from €26,454 to €4,737
- Tax, wage and social debts +€4,928
up €4,928 (+149%), from €3,298 to €8,226
of which Taxes: +€5,164
- Reserves +€3,793
up €3,793 (+11.3%), from €33,625 to €37,418
- Profit (loss) carried forward +€2,831
up €2,831, from -€2,831 to €0
- Debts after one year -€2,586
down €2,586 (-62.7%), from €4,126 to €1,540
- Gross operating margin +€4,492
up €4,492 (+43.5%), from €10,328 to €14,820
- Taxes +€827
up €827 (+31.1%), from €2,659 to €3,486
- Other operating charges +€295
up €295 (+55.1%), from €535 to €830
- Depreciation -€181
down €181 (-4.5%), from €4,052 to €3,870
- Financial income -€167
down €167 (-23.0%), from €725 to €559
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,978 | €58,402 | -€13,576 | -18.9% |
| Fixed assets | 21/28 | €13,325 | €10,494 | -€2,831 | -21.2% |
| Tangible fixed assets | 22/27 | €13,325 | €10,494 | -€2,831 | -21.2% |
| Plant, machinery and equipment | 23 | €2,101 | €1,459 | -€642 | -30.5% |
| Furniture and vehicles | 24 | €1,394 | €442 | -€952 | -68.3% |
| Other tangible fixed assets | 26 | €9,830 | €8,593 | -€1,237 | -12.6% |
| Current assets | 29/58 | €58,653 | €47,908 | -€10,746 | -18.3% |
| Amounts receivable within one year | 40/41 | €36,507 | €29,515 | -€6,991 | -19.2% |
| Trade receivables | 40 | €22,708 | €17,935 | -€4,773 | -21.0% |
| Other amounts receivable | 41 | €13,799 | €11,580 | -€2,219 | -16.1% |
| Cash at bank and in hand | 54/58 | €7,657 | €18,392 | +€10,736 | +140% |
| Deferred charges and accrued income | 490/1 | €14,490 | €0 | -€14,490 | -100% |
| Total equity and liabilities | 10/49 | €71,978 | €58,402 | -€13,576 | -18.9% |
| Equity | 10/15 | €31,794 | €38,418 | +€6,624 | +20.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €33,625 | €37,418 | +€3,793 | +11.3% |
| Distributable reserves | 133 | €33,625 | €37,418 | +€3,793 | +11.3% |
| Profit (loss) carried forward | 14 | -€2,831 | €0 | +€2,831 | |
| Amounts payable | 17/49 | €40,184 | €19,984 | -€20,200 | -50.3% |
| Amounts payable after more than one year | 17 | €4,126 | €1,540 | -€2,586 | -62.7% |
| Financial debts | 170/4 | €4,126 | €1,540 | -€2,586 | -62.7% |
| Amounts payable within one year | 42/48 | €36,058 | €18,444 | -€17,614 | -48.8% |
| Current portion of amounts payable after more than one year | 42 | €2,519 | €2,586 | +€67 | +2.7% |
| Financial debts | 43 | €3,788 | €2,895 | -€893 | -23.6% |
| Credit institutions | 430/8 | €3,788 | €2,895 | -€893 | -23.6% |
| Trade debts | 44 | €26,454 | €4,737 | -€21,716 | -82.1% |
| Suppliers | 440/4 | €26,454 | €4,737 | -€21,716 | -82.1% |
| Taxes, remuneration and social security | 45 | €3,298 | €8,226 | +€4,928 | +149% |
| Taxes | 450/3 | €2,337 | €7,501 | +€5,164 | +221% |
| Remuneration and social security | 454/9 | €961 | €725 | -€236 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,052 | €3,870 | -€181 | -4.5% |
| Other operating charges | 640/8 | €535 | €830 | +€295 | +55.1% |
| Gross operating margin | 9900 | €10,328 | €14,820 | +€4,492 | +43.5% |
| Operating profit (loss) | 9901 | €5,741 | €10,119 | +€4,378 | +76.3% |
| Financial income | 75/76B | €725 | €559 | -€167 | -23.0% |
| Recurring financial income | 75 | €725 | €559 | -€167 | -23.0% |
| Financial charges | 65/66B | €517 | €568 | +€51 | +9.9% |
| Recurring financial charges | 65 | €517 | €568 | +€51 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €5,950 | €10,110 | +€4,160 | +69.9% |
| Income taxes | 67/77 | €2,659 | €3,486 | +€827 | +31.1% |
| Profit (loss) for the period | 9904 | €3,291 | €6,624 | +€3,333 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €3,291 | €6,624 | +€3,333 | +101% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.