HR EXPERIENCE: 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 EXPERIENCE
Largest movements
- Tangible fixed assets +€25,458
up €25,458 (+59.6%), from €42,702 to €68,160
of which Furniture and vehicles: +€32,406
- Current investments +€24,000
up €24,000 (+61.5%), from €39,000 to €63,000
- Cash -€13,142
down €13,142 (-13.0%), from €100,882 to €87,740
mainly Investment in fixed assets (net) (-€37,073) and Current investments (-€24,000)
- Reserves +€31,749
up €31,749 (+17.4%), from €182,079 to €213,828
- Tax, wage and social debts +€8,226
up €8,226 (+247.5%), from €3,324 to €11,550
- Current portion of long-term debt -€3,507
no longer reported in 2025 (was €3,507)
- Gross operating margin +€3,985
up €3,985 (+6.9%), from €57,494 to €61,479
- Financial income +€3,238
up €3,238 (+585.4%), from €553 to €3,792
- Depreciation +€2,339
up €2,339 (+25.2%), from €9,275 to €11,615
- Taxes +€1,200
up €1,200 (+7.7%), from €15,490 to €16,690
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 | €212,006 | €246,383 | +€34,377 | +16.2% |
| Fixed assets | 21/28 | €42,702 | €68,160 | +€25,458 | +59.6% |
| Tangible fixed assets | 22/27 | €42,702 | €68,160 | +€25,458 | +59.6% |
| Land and buildings | 22 | €6,072 | €2,915 | -€3,156 | -52.0% |
| Plant, machinery and equipment | 23 | €581 | €201 | -€380 | -65.4% |
| Furniture and vehicles | 24 | €15,626 | €48,032 | +€32,406 | +207.4% |
| Other tangible fixed assets | 26 | €20,424 | €17,012 | -€3,412 | -16.7% |
| Current assets | 29/58 | €169,304 | €178,223 | +€8,919 | +5.3% |
| Amounts receivable within one year | 40/41 | €28,275 | €26,309 | -€1,966 | -7.0% |
| Trade receivables | 40 | €22,413 | €24,673 | +€2,260 | +10.1% |
| Other amounts receivable | 41 | €5,862 | €1,636 | -€4,226 | -72.1% |
| Current investments | 50/53 | €39,000 | €63,000 | +€24,000 | +61.5% |
| Cash at bank and in hand | 54/58 | €100,882 | €87,740 | -€13,142 | -13.0% |
| Deferred charges and accrued income | 490/1 | €1,147 | €1,174 | +€27 | +2.4% |
| Total equity and liabilities | 10/49 | €212,006 | €246,383 | +€34,377 | +16.2% |
| Equity | 10/15 | €200,679 | €232,428 | +€31,749 | +15.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €182,079 | €213,828 | +€31,749 | +17.4% |
| Distributable reserves | 133 | €182,079 | €213,828 | +€31,749 | +17.4% |
| Amounts payable | 17/49 | €11,327 | €13,956 | +€2,628 | +23.2% |
| Amounts payable within one year | 42/48 | €11,327 | €13,956 | +€2,628 | +23.2% |
| Current portion of amounts payable after more than one year | 42 | €3,507 | - | -€3,507 | |
| Trade debts | 44 | €4,496 | €2,405 | -€2,091 | -46.5% |
| Suppliers | 440/4 | €4,496 | €2,405 | -€2,091 | -46.5% |
| Taxes, remuneration and social security | 45 | €3,324 | €11,550 | +€8,226 | +247.5% |
| Taxes | 450/3 | €3,324 | €11,550 | +€8,226 | +247.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,275 | €11,615 | +€2,339 | +25.2% |
| Other operating charges | 640/8 | €512 | €525 | +€13 | +2.5% |
| Gross operating margin | 9900 | €57,494 | €61,479 | +€3,985 | +6.9% |
| Operating profit (loss) | 9901 | €47,706 | €49,339 | +€1,633 | +3.4% |
| Financial income | 75/76B | €553 | €3,792 | +€3,238 | +585.4% |
| Recurring financial income | 75 | €553 | €3,792 | +€3,238 | +585.4% |
| Financial charges | 65/66B | €4,543 | €4,692 | +€149 | +3.3% |
| Recurring financial charges | 65 | €4,543 | €4,692 | +€149 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €43,716 | €48,438 | +€4,723 | +10.8% |
| Income taxes | 67/77 | €15,490 | €16,690 | +€1,200 | +7.7% |
| Profit (loss) for the period | 9904 | €28,226 | €31,749 | +€3,523 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,226 | €31,749 | +€3,523 | +12.5% |
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 10 October 2026 via checked.be.