HR&Co: 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&Co
Largest movements
- Cash +€20,480
up €20,480 (+66.8%), from €30,658 to €51,138
mainly Net result for the year (+€23,019) and Tax, wage and social debts (+€9,254)
- Receivables within one year +€3,690
up €3,690 (+17.1%), from €21,553 to €25,243
of which Trade receivables: +€3,690
- Tangible fixed assets -€1,694
down €1,694 (-37.2%), from €4,553 to €2,859
of which Furniture and vehicles: -€1,152
- Deferred charges and accrued income +€1,270
new in 2025: €1,270
- Profit (loss) carried forward +€23,019
up €23,019 (+62.3%), from €36,953 to €59,971
- Tax, wage and social debts +€9,254
up €9,254 (+270.3%), from €3,423 to €12,677
- Other debts -€8,690
down €8,690 (-83.3%), from €10,429 to €1,739
- Gross operating margin +€11,151
up €11,151 (+42.1%), from €26,509 to €37,660
- Taxes +€1,555
up €1,555 (+15.8%), from €9,857 to €11,412
- Financial income +€785
up €785 (+7217.7%), from €11 to €796
- Financial charges +€785
up €785 (+465.6%), from €169 to €954
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 | €56,764 | €80,509 | +€23,745 | +41.8% |
| Fixed assets | 21/28 | €4,553 | €2,859 | -€1,694 | -37.2% |
| Tangible fixed assets | 22/27 | €4,553 | €2,859 | -€1,694 | -37.2% |
| Plant, machinery and equipment | 23 | €557 | €15 | -€542 | -97.3% |
| Furniture and vehicles | 24 | €3,996 | €2,844 | -€1,152 | -28.8% |
| Current assets | 29/58 | €52,212 | €77,650 | +€25,439 | +48.7% |
| Amounts receivable within one year | 40/41 | €21,553 | €25,243 | +€3,690 | +17.1% |
| Trade receivables | 40 | €14,810 | €18,500 | +€3,690 | +24.9% |
| Other amounts receivable | 41 | €6,743 | €6,743 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30,658 | €51,138 | +€20,480 | +66.8% |
| Deferred charges and accrued income | 490/1 | - | €1,270 | +€1,270 | |
| Total equity and liabilities | 10/49 | €56,764 | €80,509 | +€23,745 | +41.8% |
| Equity | 10/15 | €41,953 | €64,971 | +€23,019 | +54.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €36,953 | €59,971 | +€23,019 | +62.3% |
| Amounts payable | 17/49 | €14,812 | €15,538 | +€726 | +4.9% |
| Amounts payable within one year | 42/48 | €14,812 | €15,538 | +€726 | +4.9% |
| Trade debts | 44 | €960 | €1,123 | +€162 | +16.9% |
| Suppliers | 440/4 | €960 | €1,123 | +€162 | +16.9% |
| Taxes, remuneration and social security | 45 | €3,423 | €12,677 | +€9,254 | +270.3% |
| Taxes | 450/3 | €3,423 | €12,677 | +€9,254 | +270.3% |
| Other amounts payable | 47/48 | €10,429 | €1,739 | -€8,690 | -83.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,694 | €1,694 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,269 | €1,377 | +€108 | +8.5% |
| Gross operating margin | 9900 | €26,509 | €37,660 | +€11,151 | +42.1% |
| Operating profit (loss) | 9901 | €23,546 | €34,589 | +€11,043 | +46.9% |
| Financial income | 75/76B | €11 | €796 | +€785 | +7217.7% |
| Recurring financial income | 75 | €11 | €796 | +€785 | +7217.7% |
| Financial charges | 65/66B | €169 | €954 | +€785 | +465.6% |
| Recurring financial charges | 65 | €169 | €954 | +€785 | +465.6% |
| Profit (loss) for the period before taxes | 9903 | €23,388 | €34,431 | +€11,043 | +47.2% |
| Income taxes | 67/77 | €9,857 | €11,412 | +€1,555 | +15.8% |
| Profit (loss) for the period | 9904 | €13,531 | €23,019 | +€9,488 | +70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,531 | €23,019 | +€9,488 | +70.1% |
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.