HR ADVANCE: 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 ADVANCE
Largest movements
- Receivables within one year +€60,432
up €60,432 (+90.6%), from €66,702 to €127,135
of which Other amounts receivable: +€45,572
- Reserves +€43,413
up €43,413 (+60.4%), from €71,899 to €115,312
of which Distributable reserves: +€43,413
- Tax, wage and social debts +€17,602
new in 2025: €17,602
- Gross operating margin +€88,659
up €88,659, from -€17,750 to €70,909
- Staff costs -€41,885
no longer reported in 2025 (was €41,885)
- Write-downs +€14,265
new in 2025: €14,265
- Other operating charges +€8,516
up €8,516 (+1,307%), from €651 to €9,168
- Taxes +€5,043
new in 2025: €5,043
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 | €116,820 | €176,315 | +€59,495 | +50.9% |
| Fixed assets | 21/28 | €200 | €200 | = | 0.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €116,620 | €176,115 | +€59,495 | +51.0% |
| Amounts receivable within one year | 40/41 | €66,702 | €127,135 | +€60,432 | +90.6% |
| Trade receivables | 40 | €20,738 | €35,598 | +€14,860 | +71.7% |
| Other amounts receivable | 41 | €45,965 | €91,537 | +€45,572 | +99.1% |
| Cash at bank and in hand | 54/58 | €49,476 | €48,012 | -€1,464 | -3.0% |
| Deferred charges and accrued income | 490/1 | €442 | €968 | +€527 | +119% |
| Total equity and liabilities | 10/49 | €116,820 | €176,315 | +€59,495 | +50.9% |
| Equity | 10/15 | €111,289 | €154,702 | +€43,413 | +39.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €71,899 | €115,312 | +€43,413 | +60.4% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €71,599 | €115,012 | +€43,413 | +60.6% |
| Profit (loss) carried forward | 14 | €36,390 | €36,390 | = | 0.0% |
| Amounts payable | 17/49 | €5,531 | €21,613 | +€16,081 | +291% |
| Amounts payable within one year | 42/48 | €5,531 | €21,613 | +€16,081 | +291% |
| Trade debts | 44 | €5,531 | €4,010 | -€1,521 | -27.5% |
| Suppliers | 440/4 | €5,531 | €4,010 | -€1,521 | -27.5% |
| Taxes, remuneration and social security | 45 | - | €17,602 | +€17,602 | |
| Taxes | 450/3 | - | €17,602 | +€17,602 | |
| Remuneration, social security and pensions | 62 | €41,885 | - | -€41,885 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78 | - | -€78 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,265 | +€14,265 | |
| Other operating charges | 640/8 | €651 | €9,168 | +€8,516 | +1,307% |
| Gross operating margin | 9900 | -€17,750 | €70,909 | +€88,659 | |
| Operating profit (loss) | 9901 | -€60,364 | €47,476 | +€107,841 | |
| Financial income | 75/76B | €188 | €1,660 | +€1,472 | +785% |
| Recurring financial income | 75 | €188 | €1,660 | +€1,472 | +785% |
| Financial charges | 65/66B | €154 | €680 | +€526 | +343% |
| Recurring financial charges | 65 | €154 | €680 | +€526 | +343% |
| Profit (loss) for the period before taxes | 9903 | -€60,330 | €48,456 | +€108,786 | |
| Income taxes | 67/77 | - | €5,043 | +€5,043 | |
| Profit (loss) for the period | 9904 | -€60,330 | €43,413 | +€103,744 | |
| Profit (loss) for the period to be appropriated | 9905 | -€60,330 | €43,413 | +€103,744 |
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 21 October 2026 via checked.be.