FINANCE & HR SOLUTIONS: 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.
FINANCE & HR SOLUTIONS
Largest movements
- Receivables after one year +€28,650
up €28,650 (+80.3%), from €35,700 to €64,350
- Cash -€26,868
down €26,868 (-53.8%), from €49,932 to €23,064
mainly Receivables after one year (-€28,650) and Current investments (-€17,479)
- Tangible fixed assets -€18,847
down €18,847 (-9.5%), from €198,042 to €179,196
of which Other tangible fixed assets: -€13,038
- Current investments +€17,479
new in 2025: €17,479
- Reserves +€25,000
up €25,000 (+9.6%), from €260,500 to €285,500
- Tax, wage and social debts -€10,813
down €10,813 (-86.3%), from €12,530 to €1,717
- Trade debts -€6,030
down €6,030 (-42.5%), from €14,195 to €8,165
- Other debts -€5,058
no longer reported in 2025 (was €5,058)
- Purchases and services +€58,397
up €58,397 (+137%), from €42,724 to €101,121
- Gross operating margin -€50,332
down €50,332 (-46.3%), from €108,688 to €58,355
- Taxes -€18,439
down €18,439 (-58.0%), from €31,805 to €13,365
- Other operating charges -€1,647
down €1,647 (-80.5%), from €2,047 to €400
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 | €293,403 | €296,707 | +€3,304 | +1.1% |
| Fixed assets | 21/28 | €198,042 | €179,196 | -€18,847 | -9.5% |
| Tangible fixed assets | 22/27 | €198,042 | €179,196 | -€18,847 | -9.5% |
| Land and buildings | 22 | €163,376 | €158,690 | -€4,686 | -2.9% |
| Furniture and vehicles | 24 | €3,242 | €2,118 | -€1,123 | -34.7% |
| Other tangible fixed assets | 26 | €31,425 | €18,388 | -€13,038 | -41.5% |
| Current assets | 29/58 | €95,360 | €117,511 | +€22,151 | +23.2% |
| Amounts receivable after more than one year | 29 | €35,700 | €64,350 | +€28,650 | +80.3% |
| Other amounts receivable | 291 | €35,700 | €64,350 | +€28,650 | +80.3% |
| Amounts receivable within one year | 40/41 | €9,728 | €12,618 | +€2,890 | +29.7% |
| Trade receivables | 40 | €9,728 | €12,618 | +€2,890 | +29.7% |
| Current investments | 50/53 | - | €17,479 | +€17,479 | |
| Cash at bank and in hand | 54/58 | €49,932 | €23,064 | -€26,868 | -53.8% |
| Total equity and liabilities | 10/49 | €293,403 | €296,707 | +€3,304 | +1.1% |
| Equity | 10/15 | €261,620 | €286,825 | +€25,206 | +9.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €260,500 | €285,500 | +€25,000 | +9.6% |
| Distributable reserves | 133 | €260,500 | €285,500 | +€25,000 | +9.6% |
| Profit (loss) carried forward | 14 | €620 | €825 | +€206 | +33.2% |
| Amounts payable | 17/49 | €31,783 | €9,882 | -€21,901 | -68.9% |
| Amounts payable within one year | 42/48 | €31,783 | €9,882 | -€21,901 | -68.9% |
| Trade debts | 44 | €14,195 | €8,165 | -€6,030 | -42.5% |
| Suppliers | 440/4 | €14,195 | €8,165 | -€6,030 | -42.5% |
| Taxes, remuneration and social security | 45 | €12,530 | €1,717 | -€10,813 | -86.3% |
| Taxes | 450/3 | €12,530 | €1,717 | -€10,813 | -86.3% |
| Other amounts payable | 47/48 | €5,058 | - | -€5,058 | |
| Goods, raw materials, services and sundry goods | 60/61 | €42,724 | €101,121 | +€58,397 | +137% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,145 | €19,342 | -€803 | -4.0% |
| Other operating charges | 640/8 | €2,047 | €400 | -€1,647 | -80.5% |
| Gross operating margin | 9900 | €108,688 | €58,355 | -€50,332 | -46.3% |
| Operating profit (loss) | 9901 | €86,496 | €38,614 | -€47,882 | -55.4% |
| Financial income | 75/76B | €700 | €2 | -€698 | -99.8% |
| Recurring financial income | 75 | €700 | €2 | -€698 | -99.8% |
| Financial charges | 65/66B | €133 | €45 | -€88 | -66.1% |
| Recurring financial charges | 65 | €133 | €45 | -€88 | -66.1% |
| Profit (loss) for the period before taxes | 9903 | €87,063 | €38,571 | -€48,493 | -55.7% |
| Income taxes | 67/77 | €31,805 | €13,365 | -€18,439 | -58.0% |
| Profit (loss) for the period | 9904 | €55,259 | €25,206 | -€30,053 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €55,259 | €25,206 | -€30,053 | -54.4% |
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 27 October 2026 via checked.be.