HR CE GROUP: 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 CE GROUP
Largest movements
- Receivables within one year +€119,225
up €119,225 (+444%), from €26,878 to €146,103
of which Other amounts receivable: +€71,665
- Trade debts +€91,676
up €91,676 (+618%), from €14,846 to €106,522
- Profit (loss) carried forward +€27,866
up €27,866, from -€16,845 to €11,021
- Gross operating margin +€36,518
up €36,518, from -€7,203 to €29,315
- Financial charges -€3,206
down €3,206 (-84.8%), from €3,780 to €575
- Other operating charges +€325
up €325 (+59.0%), from €550 to €875
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,878 | €146,103 | +€119,225 | +444% |
| Current assets | 29/58 | €26,878 | €146,103 | +€119,225 | +444% |
| Amounts receivable within one year | 40/41 | €26,878 | €146,103 | +€119,225 | +444% |
| Trade receivables | 40 | €3,490 | €51,050 | +€47,560 | +1,363% |
| Other amounts receivable | 41 | €23,389 | €95,053 | +€71,665 | +306% |
| Total equity and liabilities | 10/49 | €26,878 | €146,103 | +€119,225 | +444% |
| Equity | 10/15 | €1,055 | €28,921 | +€27,866 | +2,641% |
| Contributions | 10/11 | €17,900 | €17,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,845 | €11,021 | +€27,866 | |
| Amounts payable | 17/49 | €25,823 | €117,183 | +€91,359 | +354% |
| Amounts payable within one year | 42/48 | €25,823 | €117,183 | +€91,359 | +354% |
| Financial debts | 43 | €5,196 | €4,880 | -€316 | -6.1% |
| Credit institutions | 430/8 | €5,196 | €4,880 | -€316 | -6.1% |
| Trade debts | 44 | €14,846 | €106,522 | +€91,676 | +618% |
| Suppliers | 440/4 | €14,846 | €106,522 | +€91,676 | +618% |
| Taxes, remuneration and social security | 45 | €5,781 | €5,781 | = | 0.0% |
| Taxes | 450/3 | €5,781 | €5,781 | = | 0.0% |
| Non-recurring operating income | 76A | - | €5,921 | +€5,921 | |
| Other operating charges | 640/8 | €550 | €875 | +€325 | +59.0% |
| Non-recurring operating charges | 66A | €192 | - | -€192 | |
| Gross operating margin | 9900 | -€7,203 | €29,315 | +€36,518 | |
| Operating profit (loss) | 9901 | -€7,945 | €28,441 | +€36,386 | |
| Financial charges | 65/66B | €3,780 | €575 | -€3,206 | -84.8% |
| Recurring financial charges | 65 | €3,780 | €575 | -€3,206 | -84.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,726 | €27,866 | +€39,592 | |
| Profit (loss) for the period | 9904 | -€11,726 | €27,866 | +€39,592 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,726 | €27,866 | +€39,592 |
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 27 October 2026 via checked.be.