HR ADMINISTRATION: 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.
HR ADMINISTRATION
Largest movements
- Cash +€15,157
up €15,157 (+71.8%), from €21,106 to €36,264
mainly Net result for the year (+€5,623) and Tax, wage and social debts (+€4,455)
- Receivables within one year -€3,799
down €3,799 (-23.2%), from €16,371 to €12,573
of which Trade receivables: -€5,636
- Tangible fixed assets +€1,340
new in 2025: €1,340
- Profit (loss) carried forward +€5,623
up €5,623 (+24.0%), from €23,430 to €29,053
- Tax, wage and social debts +€4,455
up €4,455 (+66.9%), from €6,661 to €11,115
of which Taxes: +€2,355
- Trade debts +€3,263
up €3,263 (+70.3%), from €4,644 to €7,908
- Other debts -€1,356
down €1,356 (-100.0%), from €1,356 to €0
- Accrued charges and deferred income +€1,214
up €1,214 (+313.3%), from €387 to €1,601
- Gross operating margin -€16,682
down €16,682 (-67.3%), from €24,800 to €8,118
- Taxes -€3,385
down €3,385 (-61.9%), from €5,471 to €2,086
- Other operating charges -€400
down €400 (-64.7%), from €619 to €218
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.
Cash bridge derived
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 | €37,478 | €50,677 | +€13,199 | +35.2% |
| Fixed assets | 21/28 | - | €1,840 | +€1,840 | |
| Tangible fixed assets | 22/27 | - | €1,340 | +€1,340 | |
| Plant, machinery and equipment | 23 | - | €1,340 | +€1,340 | |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €37,478 | €48,836 | +€11,359 | +30.3% |
| Amounts receivable within one year | 40/41 | €16,371 | €12,573 | -€3,799 | -23.2% |
| Trade receivables | 40 | €15,112 | €9,476 | -€5,636 | -37.3% |
| Other amounts receivable | 41 | €1,259 | €3,097 | +€1,838 | +146.0% |
| Cash at bank and in hand | 54/58 | €21,106 | €36,264 | +€15,157 | +71.8% |
| Total equity and liabilities | 10/49 | €37,478 | €50,677 | +€13,199 | +35.2% |
| Equity | 10/15 | €24,430 | €30,053 | +€5,623 | +23.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,430 | €29,053 | +€5,623 | +24.0% |
| Amounts payable | 17/49 | €13,048 | €20,624 | +€7,576 | +58.1% |
| Amounts payable within one year | 42/48 | €12,660 | €19,023 | +€6,363 | +50.3% |
| Trade debts | 44 | €4,644 | €7,908 | +€3,263 | +70.3% |
| Suppliers | 440/4 | €4,644 | €7,908 | +€3,263 | +70.3% |
| Taxes, remuneration and social security | 45 | €6,661 | €11,115 | +€4,455 | +66.9% |
| Taxes | 450/3 | €6,661 | €9,015 | +€2,355 | +35.4% |
| Remuneration and social security | 454/9 | - | €2,100 | +€2,100 | |
| Other amounts payable | 47/48 | €1,356 | €0 | -€1,356 | -100.0% |
| Accrued charges and deferred income | 492/3 | €387 | €1,601 | +€1,214 | +313.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €64 | +€64 | |
| Other operating charges | 640/8 | €619 | €218 | -€400 | -64.7% |
| Gross operating margin | 9900 | €24,800 | €8,118 | -€16,682 | -67.3% |
| Operating profit (loss) | 9901 | €24,182 | €7,836 | -€16,346 | -67.6% |
| Financial income | 75/76B | - | €84 | +€84 | |
| Recurring financial income | 75 | - | €84 | +€84 | |
| Financial charges | 65/66B | €39 | €211 | +€172 | +439.8% |
| Recurring financial charges | 65 | €39 | €211 | +€172 | +439.8% |
| Profit (loss) for the period before taxes | 9903 | €24,142 | €7,709 | -€16,434 | -68.1% |
| Income taxes | 67/77 | €5,471 | €2,086 | -€3,385 | -61.9% |
| Profit (loss) for the period | 9904 | €18,671 | €5,623 | -€13,049 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,671 | €5,623 | -€13,049 | -69.9% |
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 9 October 2026 via checked.be.