HR Design: 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 Design
Largest movements
- Cash -€45,525
down €45,525 (-34.0%), from €133,937 to €88,412
mainly Contributions, distributions and other (-€104,830) and Trade debts (-€88,475)
- Receivables within one year -€27,008
down €27,008 (-51.3%), from €52,692 to €25,684
of which Trade receivables: -€28,553
- Deferred charges and accrued income -€6,297
down €6,297 (-81.5%), from €7,723 to €1,425
- Stocks and contracts +€3,712
up €3,712 (+73.3%), from €5,062 to €8,774
- Trade debts -€88,475
down €88,475 (-90.9%), from €97,298 to €8,823
- Other debts +€70,856
up €70,856 (+571%), from €12,406 to €83,262
- Profit (loss) carried forward -€37,122
no longer reported in 2025 (was €37,122)
- Tax, wage and social debts -€12,834
down €12,834 (-84.6%), from €15,175 to €2,340
- Accrued charges and deferred income -€9,251
down €9,251 (-42.4%), from €21,821 to €12,570
- Gross operating margin +€37,424
up €37,424 (+73.0%), from €51,290 to €88,714
- Taxes +€7,394
up €7,394 (+70.0%), from €10,569 to €17,963
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 | €202,372 | €125,545 | -€76,827 | -38.0% |
| Fixed assets | 21/28 | €2,958 | €1,251 | -€1,708 | -57.7% |
| Tangible fixed assets | 22/27 | €2,808 | €1,101 | -€1,708 | -60.8% |
| Plant, machinery and equipment | 23 | €1,129 | €707 | -€422 | -37.4% |
| Furniture and vehicles | 24 | €1,680 | €394 | -€1,286 | -76.5% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €199,414 | €124,295 | -€75,119 | -37.7% |
| Stocks and contracts in progress | 3 | €5,062 | €8,774 | +€3,712 | +73.3% |
| Stocks | 30/36 | €5,062 | €8,774 | +€3,712 | +73.3% |
| Amounts receivable within one year | 40/41 | €52,692 | €25,684 | -€27,008 | -51.3% |
| Trade receivables | 40 | €48,761 | €20,209 | -€28,553 | -58.6% |
| Other amounts receivable | 41 | €3,931 | €5,475 | +€1,544 | +39.3% |
| Cash at bank and in hand | 54/58 | €133,937 | €88,412 | -€45,525 | -34.0% |
| Deferred charges and accrued income | 490/1 | €7,723 | €1,425 | -€6,297 | -81.5% |
| Total equity and liabilities | 10/49 | €202,372 | €125,545 | -€76,827 | -38.0% |
| Equity | 10/15 | €55,672 | €18,550 | -€37,122 | -66.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,122 | - | -€37,122 | |
| Amounts payable | 17/49 | €146,700 | €106,995 | -€39,704 | -27.1% |
| Amounts payable within one year | 42/48 | €124,879 | €94,425 | -€30,453 | -24.4% |
| Trade debts | 44 | €97,298 | €8,823 | -€88,475 | -90.9% |
| Suppliers | 440/4 | €97,298 | €8,823 | -€88,475 | -90.9% |
| Taxes, remuneration and social security | 45 | €15,175 | €2,340 | -€12,834 | -84.6% |
| Taxes | 450/3 | €15,175 | €2,340 | -€12,834 | -84.6% |
| Other amounts payable | 47/48 | €12,406 | €83,262 | +€70,856 | +571% |
| Accrued charges and deferred income | 492/3 | €21,821 | €12,570 | -€9,251 | -42.4% |
| Remuneration, social security and pensions | 62 | €368 | €368 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,052 | €1,708 | -€344 | -16.8% |
| Other operating charges | 640/8 | €903 | €930 | +€27 | +3.0% |
| Gross operating margin | 9900 | €51,290 | €88,714 | +€37,424 | +73.0% |
| Operating profit (loss) | 9901 | €47,967 | €85,708 | +€37,741 | +78.7% |
| Financial income | 75/76B | €11 | €94 | +€83 | +782% |
| Recurring financial income | 75 | €11 | €94 | +€83 | +782% |
| Financial charges | 65/66B | €286 | €132 | -€154 | -54.0% |
| Recurring financial charges | 65 | €286 | €132 | -€154 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | €47,692 | €85,671 | +€37,979 | +79.6% |
| Income taxes | 67/77 | €10,569 | €17,963 | +€7,394 | +70.0% |
| Profit (loss) for the period | 9904 | €37,122 | €67,708 | +€30,585 | +82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,122 | €67,708 | +€30,585 | +82.4% |
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 13 October 2026 via checked.be.