H & R PRINT: 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 & R PRINT
Largest movements
- Receivables within one year +€6,864
up €6,864 (+182%), from €3,774 to €10,638
of which Trade receivables: +€7,028
- Tangible fixed assets -€1,818
down €1,818 (-22.9%), from €7,935 to €6,117
- Cash -€231
down €231 (-7.9%), from €2,920 to €2,690
mainly Receivables within one year (-€6,864)
- Trade debts +€2,189
new in 2025: €2,189
- Advances received +€1,400
up €1,400 (+117%), from €1,200 to €2,600
- Profit (loss) carried forward +€719
up €719 (+31.4%), from -€2,289 to -€1,570
- Tax, wage and social debts +€508
new in 2025: €508
- Turnover +€9,834
up €9,834 (+115%), from €8,579 to €18,412
- Purchases and services +€7,033
up €7,033 (+75.2%), from €9,346 to €16,379
- Gross operating margin +€4,001
up €4,001, from -€767 to €3,234
- Depreciation +€663
up €663 (+57.3%), from €1,156 to €1,818
- Financial income +€235
new in 2025: €235
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 | €14,911 | €19,726 | +€4,815 | +32.3% |
| Fixed assets | 21/28 | €7,935 | €6,117 | -€1,818 | -22.9% |
| Tangible fixed assets | 22/27 | €7,935 | €6,117 | -€1,818 | -22.9% |
| Furniture and vehicles | 24 | €7,935 | €6,117 | -€1,818 | -22.9% |
| Current assets | 29/58 | €6,975 | €13,609 | +€6,633 | +95.1% |
| Amounts receivable within one year | 40/41 | €3,774 | €10,638 | +€6,864 | +182% |
| Trade receivables | 40 | €662 | €7,690 | +€7,028 | +1,062% |
| Other amounts receivable | 41 | €3,112 | €2,948 | -€164 | -5.3% |
| Cash at bank and in hand | 54/58 | €2,920 | €2,690 | -€231 | -7.9% |
| Deferred charges and accrued income | 490/1 | €281 | €281 | = | 0.0% |
| Total equity and liabilities | 10/49 | €14,911 | €19,726 | +€4,815 | +32.3% |
| Equity | 10/15 | €2,711 | €3,430 | +€719 | +26.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,289 | -€1,570 | +€719 | +31.4% |
| Amounts payable | 17/49 | €12,200 | €16,296 | +€4,096 | +33.6% |
| Amounts payable after more than one year | 17 | €11,000 | €11,000 | = | 0.0% |
| Other amounts payable | 178/9 | €11,000 | €11,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,200 | €5,296 | +€4,096 | +341% |
| Trade debts | 44 | - | €2,189 | +€2,189 | |
| Suppliers | 440/4 | - | €2,189 | +€2,189 | |
| Advances received on contracts in progress | 46 | €1,200 | €2,600 | +€1,400 | +117% |
| Taxes, remuneration and social security | 45 | - | €508 | +€508 | |
| Taxes | 450/3 | - | €508 | +€508 | |
| Turnover | 70 | €8,579 | €18,412 | +€9,834 | +115% |
| Goods, raw materials, services and sundry goods | 60/61 | €9,346 | €16,379 | +€7,033 | +75.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,156 | €1,818 | +€663 | +57.3% |
| Other operating charges | 640/8 | €364 | €548 | +€184 | +50.4% |
| Gross operating margin | 9900 | -€767 | €3,234 | +€4,001 | |
| Operating profit (loss) | 9901 | -€2,287 | €867 | +€3,155 | |
| Financial income | 75/76B | - | €235 | +€235 | |
| Recurring financial income | 75 | - | €235 | +€235 | |
| Financial charges | 65/66B | €2 | €203 | +€201 | +11,000% |
| Recurring financial charges | 65 | €2 | €203 | +€201 | +11,000% |
| Profit (loss) for the period before taxes | 9903 | -€2,289 | €899 | +€3,188 | |
| Income taxes | 67/77 | - | €180 | +€180 | |
| Profit (loss) for the period | 9904 | -€2,289 | €719 | +€3,008 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,289 | €719 | +€3,008 |
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 31 October 2026 via checked.be.