H.P.R.: 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.
H.P.R.
Largest movements
- Receivables within one year -€19,696
down €19,696 (-74.5%), from €26,425 to €6,729
of which Other amounts receivable: -€26,169
- Tangible fixed assets -€3,657
down €3,657 (-2.1%), from €172,798 to €169,141
of which Furniture and vehicles: -€2,487
- Profit (loss) carried forward -€20,514
down €20,514, from €15,657 to -€4,857
- Debts after one year -€4,551
no longer reported in 2025 (was €4,551)
- Other debts +€2,700
up €2,700 (+150%), from €1,800 to €4,500
- Gross operating margin -€37,938
down €37,938, from €26,045 to -€11,893
- Other operating charges -€5,564
down €5,564 (-62.6%), from €8,884 to €3,320
- Taxes -€3,385
no longer reported in 2025 (was €3,385)
- Depreciation +€2,195
up €2,195 (+53.8%), from €4,078 to €6,273
- Financial charges -€2,192
down €2,192 (-71.9%), from €3,047 to €856
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 | €202,610 | €179,681 | -€22,929 | -11.3% |
| Fixed assets | 21/28 | €174,448 | €170,791 | -€3,657 | -2.1% |
| Tangible fixed assets | 22/27 | €172,798 | €169,141 | -€3,657 | -2.1% |
| Land and buildings | 22 | €156,312 | €155,925 | -€387 | -0.2% |
| Plant, machinery and equipment | 23 | €4,443 | €3,660 | -€783 | -17.6% |
| Furniture and vehicles | 24 | €12,043 | €9,556 | -€2,487 | -20.6% |
| Financial fixed assets | 28 | €1,650 | €1,650 | = | 0.0% |
| Current assets | 29/58 | €28,163 | €8,890 | -€19,273 | -68.4% |
| Amounts receivable within one year | 40/41 | €26,425 | €6,729 | -€19,696 | -74.5% |
| Trade receivables | 40 | - | €6,473 | +€6,473 | |
| Other amounts receivable | 41 | €26,425 | €256 | -€26,169 | -99.0% |
| Cash at bank and in hand | 54/58 | €238 | €480 | +€242 | +102% |
| Deferred charges and accrued income | 490/1 | €1,500 | €1,681 | +€181 | +12.1% |
| Total equity and liabilities | 10/49 | €202,610 | €179,681 | -€22,929 | -11.3% |
| Equity | 10/15 | €182,982 | €162,467 | -€20,514 | -11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €138,970 | €138,970 | = | 0.0% |
| Reserves | 13 | €9,755 | €9,755 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,895 | €7,895 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,657 | -€4,857 | -€20,514 | |
| Amounts payable | 17/49 | €19,629 | €17,214 | -€2,415 | -12.3% |
| Amounts payable after more than one year | 17 | €4,551 | - | -€4,551 | |
| Financial debts | 170/4 | €4,551 | - | -€4,551 | |
| Amounts payable within one year | 42/48 | €15,078 | €17,214 | +€2,135 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €5,797 | €4,551 | -€1,246 | -21.5% |
| Trade debts | 44 | €1,662 | €346 | -€1,316 | -79.2% |
| Suppliers | 440/4 | €1,662 | €346 | -€1,316 | -79.2% |
| Taxes, remuneration and social security | 45 | €5,819 | €7,817 | +€1,997 | +34.3% |
| Taxes | 450/3 | €5,819 | €7,817 | +€1,997 | +34.3% |
| Other amounts payable | 47/48 | €1,800 | €4,500 | +€2,700 | +150% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,078 | €6,273 | +€2,195 | +53.8% |
| Other operating charges | 640/8 | €8,884 | €3,320 | -€5,564 | -62.6% |
| Gross operating margin | 9900 | €26,045 | -€11,893 | -€37,938 | |
| Operating profit (loss) | 9901 | €13,083 | -€21,486 | -€34,569 | |
| Financial income | 75/76B | €1,244 | €1,828 | +€584 | +46.9% |
| Recurring financial income | 75 | €1,244 | €2 | -€1,242 | -99.9% |
| Non-recurring financial income | 76B | - | €1,826 | +€1,826 | |
| Financial charges | 65/66B | €3,047 | €856 | -€2,192 | -71.9% |
| Recurring financial charges | 65 | €3,047 | €856 | -€2,192 | -71.9% |
| Profit (loss) for the period before taxes | 9903 | €11,280 | -€20,514 | -€31,794 | |
| Income taxes | 67/77 | €3,385 | - | -€3,385 | |
| Profit (loss) for the period | 9904 | €7,895 | -€20,514 | -€28,409 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,895 | -€20,514 | -€28,409 |
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 25 October 2026 via checked.be.