HR Devils: what changed
Two fiscal 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 Devils
Largest movements
- Deferred charges and accrued income +€19,927
up €19,927 (+891.6%), from €2,235 to €22,162
- Receivables within one year -€17,731
down €17,731 (-12.0%), from €147,968 to €130,237
of which Trade receivables: -€15,447
- Cash +€12,508
up €12,508 (+250.5%), from €4,992 to €17,501
mainly Trade debts (+€28,567) and Receivables within one year (+€17,731)
- Trade debts +€28,567
up €28,567 (+134.3%), from €21,276 to €49,842
- Debts after one year -€20,000
down €20,000 (-50.0%), from €40,000 to €20,000
- Other debts -€18,216
down €18,216 (-97.8%), from €18,628 to €412
- Profit (loss) carried forward +€13,014
up €13,014 (+4193.2%), from €310 to €13,325
- Tax, wage and social debts +€9,963
up €9,963 (+28.1%), from €35,409 to €45,372
- Gross operating margin -€29,745
down €29,745 (-61.4%), from €48,462 to €18,718
- Financial income +€18,045
up €18,045 (+51557.1%), from €35 to €18,080
of which Non-recurring financial income: +€15,710
- Financial charges -€2,907
down €2,907 (-49.9%), from €5,830 to €2,923
- Other operating charges +€2,844
up €2,844 (+53.9%), from €5,274 to €8,117
- Taxes -€2,039
down €2,039 (-14.3%), from €14,287 to €12,248
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,106 | €174,147 | +€14,041 | +8.8% |
| Fixed assets | 21/28 | €4,911 | €4,247 | -€664 | -13.5% |
| Tangible fixed assets | 22/27 | €2,361 | €1,697 | -€664 | -28.1% |
| Plant, machinery and equipment | 23 | €505 | €297 | -€208 | -41.2% |
| Furniture and vehicles | 24 | €1,856 | €1,400 | -€456 | -24.6% |
| Financial fixed assets | 28 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €155,195 | €169,900 | +€14,705 | +9.5% |
| Amounts receivable within one year | 40/41 | €147,968 | €130,237 | -€17,731 | -12.0% |
| Trade receivables | 40 | €62,077 | €46,630 | -€15,447 | -24.9% |
| Other amounts receivable | 41 | €85,891 | €83,607 | -€2,284 | -2.7% |
| Cash at bank and in hand | 54/58 | €4,992 | €17,501 | +€12,508 | +250.5% |
| Deferred charges and accrued income | 490/1 | €2,235 | €22,162 | +€19,927 | +891.6% |
| Total equity and liabilities | 10/49 | €160,106 | €174,147 | +€14,041 | +8.8% |
| Equity | 10/15 | €20,770 | €33,785 | +€13,014 | +62.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €310 | €13,325 | +€13,014 | +4193.2% |
| Amounts payable | 17/49 | €139,336 | €140,362 | +€1,026 | +0.7% |
| Amounts payable after more than one year | 17 | €40,000 | €20,000 | -€20,000 | -50.0% |
| Financial debts | 170/4 | €40,000 | €20,000 | -€20,000 | -50.0% |
| Amounts payable within one year | 42/48 | €99,336 | €120,362 | +€21,026 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Financial debts | 43 | €14,023 | €14,736 | +€713 | +5.1% |
| Credit institutions | 430/8 | €10,000 | €10,000 | = | 0.0% |
| Other loans | 439 | €4,023 | €4,736 | +€713 | +17.7% |
| Trade debts | 44 | €21,276 | €49,842 | +€28,567 | +134.3% |
| Suppliers | 440/4 | €21,276 | €49,842 | +€28,567 | +134.3% |
| Taxes, remuneration and social security | 45 | €35,409 | €45,372 | +€9,963 | +28.1% |
| Taxes | 450/3 | €35,409 | €45,372 | +€9,963 | +28.1% |
| Other amounts payable | 47/48 | €18,628 | €412 | -€18,216 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,246 | €664 | -€582 | -46.7% |
| Other operating charges | 640/8 | €5,274 | €8,117 | +€2,844 | +53.9% |
| Gross operating margin | 9900 | €48,462 | €18,718 | -€29,745 | -61.4% |
| Operating profit (loss) | 9901 | €41,943 | €9,936 | -€32,006 | -76.3% |
| Financial income | 75/76B | €35 | €18,080 | +€18,045 | +51557.1% |
| Recurring financial income | 75 | €35 | €2,370 | +€2,335 | +6670.5% |
| Non-recurring financial income | 76B | - | €15,710 | +€15,710 | |
| Financial charges | 65/66B | €5,830 | €2,923 | -€2,907 | -49.9% |
| Recurring financial charges | 65 | €5,830 | €2,923 | -€2,907 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €36,148 | €25,093 | -€11,055 | -30.6% |
| Income taxes | 67/77 | €14,287 | €12,248 | -€2,039 | -14.3% |
| Profit (loss) for the period | 9904 | €21,861 | €12,845 | -€9,016 | -41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,861 | €12,845 | -€9,016 | -41.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.