HR & EVENT CONSULTANCY: 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.
What changed
HR & EVENT CONSULTANCY
NACE 78.100, Employment placement agencies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€28,433
2024 · €2.6m-€2.5m
Equity
€2.8m
2024 · €2.7m+€28,433
Cash
€275,250
2024 · €839,830-€564,580
Balance sheet total
€3.2m
2024 · €3.0m+€153,969
Largest movements
Assets
- Current investments +€751,850
new in 2025: €751,850
- Cash -€564,580
down €564,580 (-67.2%), from €839,830 to €275,250
mainly Current investments (-€751,850) and Tax, wage and social debts (-€29,468)
Equity and liabilities
- Debts after one year +€187,235
up €187,235 (+937%), from €19,974 to €207,209
Income statement
- Financial income -€2.8m
down €2.8m (-99.6%), from €2.8m to €12,096
- Taxes -€248,067
down €248,067 (-93.3%), from €265,964 to €17,897
- Financial charges -€89,903
down €89,903 (-96.9%), from €92,824 to €2,921
of which Non-recurring financial charges: -€88,254
- Gross operating margin -€70,292
down €70,292 (-47.3%), from €148,454 to €78,162
- Write-downs +€4,862
new in 2025: €4,862
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.
Result 2024
€2.6m
Gross operating margin
-€70,292
Depreciation
+€2,931
Write-downs
-€4,862
Other operating charges
+€295
Other operating items
-€10,338
Financial income
-€2.8m
Financial charges
+€89,903
Taxes
+€248,067
Result 2025
€28,433
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€13,683
Investment
-€741,512
Financing
+€163,249
Cash 2024
€839,830
From operations (derived)
+€13,683
Net result for the year
+€28,433
Depreciation
+€21,437
Smaller working-capital items
-€140
Trade debts
-€6,579
Tax, wage and social debts
-€29,468
Investment (derived)
-€741,512
Investment in fixed assets (net)
+€10,338
Current investments
-€751,850
Financing
+€163,249
Debts after one year
+€187,235
Current portion of long-term debt
-€23,986
Cash 2025
€275,250
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,044,976 | €3,198,944 | +€153,969 | +5.1% |
| Fixed assets | 21/28 | €2,047,210 | €2,015,434 | -€31,776 | -1.6% |
| Tangible fixed assets | 22/27 | €47,210 | €15,434 | -€31,776 | -67.3% |
| Furniture and vehicles | 24 | €5,742 | €800 | -€4,942 | -86.1% |
| Leasing and similar rights | 25 | €33,895 | €11,376 | -€22,519 | -66.4% |
| Other tangible fixed assets | 26 | €7,573 | €3,258 | -€4,315 | -57.0% |
| Financial fixed assets | 28 | €2,000,000 | €2,000,000 | = | 0.0% |
| Current assets | 29/58 | €997,766 | €1,183,510 | +€185,744 | +18.6% |
| Amounts receivable within one year | 40/41 | €157,936 | €156,410 | -€1,526 | -1.0% |
| Trade receivables | 40 | €10,532 | €6,549 | -€3,983 | -37.8% |
| Other amounts receivable | 41 | €147,404 | €149,861 | +€2,457 | +1.7% |
| Current investments | 50/53 | - | €751,850 | +€751,850 | |
| Cash at bank and in hand | 54/58 | €839,830 | €275,250 | -€564,580 | -67.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,044,976 | €3,198,944 | +€153,969 | +5.1% |
| Equity | 10/15 | €2,726,658 | €2,755,090 | +€28,433 | +1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,708,058 | €2,736,490 | +€28,433 | +1.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,706,198 | €2,734,630 | +€28,433 | +1.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €318,318 | €443,854 | +€125,536 | +39.4% |
| Amounts payable after more than one year | 17 | €19,974 | €207,209 | +€187,235 | +937% |
| Financial debts | 170/4 | €19,974 | €207,209 | +€187,235 | +937% |
| Amounts payable within one year | 42/48 | €298,344 | €236,645 | -€61,699 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €34,599 | €10,613 | -€23,986 | -69.3% |
| Trade debts | 44 | €7,873 | €1,294 | -€6,579 | -83.6% |
| Suppliers | 440/4 | €7,873 | €1,294 | -€6,579 | -83.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €252,406 | €222,937 | -€29,468 | -11.7% |
| Taxes | 450/3 | €252,406 | €222,937 | -€29,468 | -11.7% |
| Other amounts payable | 47/48 | €3,466 | €1,800 | -€1,666 | -48.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,368 | €21,437 | -€2,931 | -12.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,862 | +€4,862 | |
| Other operating charges | 640/8 | €4,665 | €4,370 | -€295 | -6.3% |
| Non-recurring operating charges | 66A | - | €10,338 | +€10,338 | |
| Gross operating margin | 9900 | €148,454 | €78,162 | -€70,292 | -47.3% |
| Operating profit (loss) | 9901 | €119,421 | €37,155 | -€82,266 | -68.9% |
| Financial income | 75/76B | €2,799,701 | €12,096 | -€2.8m | -99.6% |
| Recurring financial income | 75 | €2,799,701 | €12,096 | -€2.8m | -99.6% |
| Financial charges | 65/66B | €92,824 | €2,921 | -€89,903 | -96.9% |
| Recurring financial charges | 65 | €3,458 | €1,809 | -€1,649 | -47.7% |
| Non-recurring financial charges | 66B | €89,366 | €1,112 | -€88,254 | -98.8% |
| Profit (loss) for the period before taxes | 9903 | €2,826,298 | €46,330 | -€2.8m | -98.4% |
| Income taxes | 67/77 | €265,964 | €17,897 | -€248,067 | -93.3% |
| Profit (loss) for the period | 9904 | €2,560,333 | €28,433 | -€2.5m | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,560,333 | €28,433 | -€2.5m | -98.9% |
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 1 November 2026 via checked.be.