Go HR: 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.
Go HR
Largest movements
- Tangible fixed assets -€90,802
down €90,802 (-78.6%), from €115,538 to €24,737
of which Land and buildings: -€86,170
- Receivables within one year +€9,847
up €9,847 (+16.7%), from €58,932 to €68,779
of which Trade receivables: +€9,201
- Cash -€8,368
down €8,368 (-31.3%), from €26,709 to €18,341
mainly Net result for the year (-€103,890) and Debts after one year (-€65,999)
- Financial fixed assets +€4,500
up €4,500 (+186%), from €2,426 to €6,926
- Deferred charges and accrued income -€3,276
down €3,276 (-14.1%), from €23,281 to €20,005
- Profit (loss) carried forward -€103,890
new in 2025: -€103,890
- Tax, wage and social debts +€70,487
up €70,487 (+83.0%), from €84,895 to €155,382
of which Remuneration and social security: +€51,460
- Debts after one year -€65,999
no longer reported in 2025 (was €65,999)
- Other debts +€32,829
up €32,829 (+106%), from €30,945 to €63,774
- Current portion of long-term debt -€13,184
no longer reported in 2025 (was €13,184)
- Staff costs +€273,758
up €273,758 (+115%), from €237,090 to €510,848
- Gross operating margin +€139,447
up €139,447 (+42.8%), from €326,048 to €465,495
- Depreciation -€20,994
down €20,994 (-91.3%), from €22,983 to €1,990
- Taxes -€15,534
down €15,534 (-95.7%), from €16,238 to €705
- Financial charges +€6,998
up €6,998 (+127%), from €5,502 to €12,500
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 | €263,471 | €176,046 | -€87,425 | -33.2% |
| Fixed assets | 21/28 | €154,548 | €68,921 | -€85,628 | -55.4% |
| Intangible fixed assets | 21 | €36,584 | €37,258 | +€674 | +1.8% |
| Tangible fixed assets | 22/27 | €115,538 | €24,737 | -€90,802 | -78.6% |
| Land and buildings | 22 | €86,170 | - | -€86,170 | |
| Furniture and vehicles | 24 | €18,072 | €24,737 | +€6,664 | +36.9% |
| Leasing and similar rights | 25 | €1,139 | - | -€1,139 | |
| Other tangible fixed assets | 26 | €10,157 | - | -€10,157 | |
| Financial fixed assets | 28 | €2,426 | €6,926 | +€4,500 | +186% |
| Current assets | 29/58 | €108,923 | €107,126 | -€1,797 | -1.7% |
| Amounts receivable within one year | 40/41 | €58,932 | €68,779 | +€9,847 | +16.7% |
| Trade receivables | 40 | €58,731 | €67,932 | +€9,201 | +15.7% |
| Other amounts receivable | 41 | €202 | €848 | +€646 | +320% |
| Cash at bank and in hand | 54/58 | €26,709 | €18,341 | -€8,368 | -31.3% |
| Deferred charges and accrued income | 490/1 | €23,281 | €20,005 | -€3,276 | -14.1% |
| Total equity and liabilities | 10/49 | €263,471 | €176,046 | -€87,425 | -33.2% |
| Equity | 10/15 | €59,020 | -€44,871 | -€103,890 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €52,820 | €52,820 | = | 0.0% |
| Distributable reserves | 133 | €52,820 | €52,820 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€103,890 | -€103,890 | |
| Amounts payable | 17/49 | €204,451 | €220,917 | +€16,465 | +8.1% |
| Amounts payable after more than one year | 17 | €65,999 | - | -€65,999 | |
| Financial debts | 170/4 | €65,999 | - | -€65,999 | |
| Amounts payable within one year | 42/48 | €138,452 | €219,157 | +€80,704 | +58.3% |
| Current portion of amounts payable after more than one year | 42 | €13,184 | - | -€13,184 | |
| Trade debts | 44 | €9,428 | - | -€9,428 | |
| Suppliers | 440/4 | €9,428 | - | -€9,428 | |
| Taxes, remuneration and social security | 45 | €84,895 | €155,382 | +€70,487 | +83.0% |
| Taxes | 450/3 | €49,027 | €68,054 | +€19,027 | +38.8% |
| Remuneration and social security | 454/9 | €35,868 | €87,328 | +€51,460 | +143% |
| Other amounts payable | 47/48 | €30,945 | €63,774 | +€32,829 | +106% |
| Accrued charges and deferred income | 492/3 | - | €1,760 | +€1,760 | |
| Remuneration, social security and pensions | 62 | €237,090 | €510,848 | +€273,758 | +115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,983 | €1,990 | -€20,994 | -91.3% |
| Other operating charges | 640/8 | €2,710 | €5,992 | +€3,281 | +121% |
| Non-recurring operating charges | 66A | €2,477 | €37,605 | +€35,128 | +1,418% |
| Gross operating margin | 9900 | €326,048 | €465,495 | +€139,447 | +42.8% |
| Operating profit (loss) | 9901 | €60,788 | -€90,939 | -€151,727 | |
| Financial income | 75/76B | €889 | €254 | -€636 | -71.5% |
| Recurring financial income | 75 | €889 | €254 | -€636 | -71.5% |
| Financial charges | 65/66B | €5,502 | €12,500 | +€6,998 | +127% |
| Recurring financial charges | 65 | €5,502 | €12,500 | +€6,998 | +127% |
| Profit (loss) for the period before taxes | 9903 | €56,175 | -€103,186 | -€159,361 | |
| Income taxes | 67/77 | €16,238 | €705 | -€15,534 | -95.7% |
| Profit (loss) for the period | 9904 | €39,937 | -€103,890 | -€143,827 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,937 | -€103,890 | -€143,827 |
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 18 October 2026 via checked.be.