HR FACTO: 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 FACTO
Largest movements
- Cash +€30,792
up €30,792 (+53.5%), from €57,513 to €88,305
mainly Net result for the year (+€35,805) and Receivables within one year (+€11,530)
- Receivables within one year -€11,530
down €11,530 (-43.5%), from €26,520 to €14,990
- Current investments +€9,000
up €9,000 (+49.3%), from €18,250 to €27,250
- Tangible fixed assets +€2,182
up €2,182 (+36.7%), from €5,946 to €8,128
of which Plant, machinery and equipment: +€7,435
- Reserves +€35,805
up €35,805 (+27.3%), from €131,363 to €167,169
- Current portion of long-term debt -€5,403
down €5,403 (-100%), from €5,403 to €0
- Trade debts -€2,504
down €2,504 (-94.3%), from €2,655 to €151
- Tax, wage and social debts +€2,001
up €2,001 (+30.5%), from €6,568 to €8,569
of which Taxes: +€2,001
- Gross operating margin -€9,436
down €9,436 (-14.0%), from €67,519 to €58,082
- Depreciation -€5,082
down €5,082 (-45.1%), from €11,262 to €6,180
- Taxes -€2,125
down €2,125 (-12.9%), from €16,503 to €14,378
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 | €149,946 | €180,357 | +€30,411 | +20.3% |
| Fixed assets | 21/28 | €5,946 | €8,128 | +€2,182 | +36.7% |
| Tangible fixed assets | 22/27 | €5,946 | €8,128 | +€2,182 | +36.7% |
| Plant, machinery and equipment | 23 | €694 | €8,128 | +€7,435 | +1,072% |
| Furniture and vehicles | 24 | €5,252 | €0 | -€5,252 | -100% |
| Current assets | 29/58 | €144,000 | €172,229 | +€28,229 | +19.6% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,520 | €14,990 | -€11,530 | -43.5% |
| Trade receivables | 40 | €26,520 | €14,990 | -€11,530 | -43.5% |
| Current investments | 50/53 | €18,250 | €27,250 | +€9,000 | +49.3% |
| Cash at bank and in hand | 54/58 | €57,513 | €88,305 | +€30,792 | +53.5% |
| Deferred charges and accrued income | 490/1 | €1,717 | €1,684 | -€33 | -1.9% |
| Total equity and liabilities | 10/49 | €149,946 | €180,357 | +€30,411 | +20.3% |
| Equity | 10/15 | €132,538 | €168,343 | +€35,805 | +27.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €131,363 | €167,169 | +€35,805 | +27.3% |
| Distributable reserves | 133 | €131,363 | €167,169 | +€35,805 | +27.3% |
| Profit (loss) carried forward | 14 | €175 | €175 | = | 0.0% |
| Amounts payable | 17/49 | €17,408 | €12,014 | -€5,394 | -31.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €17,408 | €12,014 | -€5,394 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €5,403 | €0 | -€5,403 | -100% |
| Trade debts | 44 | €2,655 | €151 | -€2,504 | -94.3% |
| Suppliers | 440/4 | €2,655 | €151 | -€2,504 | -94.3% |
| Taxes, remuneration and social security | 45 | €6,568 | €8,569 | +€2,001 | +30.5% |
| Taxes | 450/3 | €6,568 | €8,569 | +€2,001 | +30.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,782 | €3,294 | +€512 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,262 | €6,180 | -€5,082 | -45.1% |
| Other operating charges | 640/8 | €2,627 | €2,627 | +€1 | 0.0% |
| Gross operating margin | 9900 | €67,519 | €58,082 | -€9,436 | -14.0% |
| Operating profit (loss) | 9901 | €53,630 | €49,275 | -€4,355 | -8.1% |
| Financial income | 75/76B | €1,525 | €1,282 | -€243 | -15.9% |
| Recurring financial income | 75 | €1,525 | €1,282 | -€243 | -15.9% |
| Financial charges | 65/66B | €312 | €373 | +€61 | +19.5% |
| Recurring financial charges | 65 | €312 | €373 | +€61 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | €54,842 | €50,184 | -€4,659 | -8.5% |
| Income taxes | 67/77 | €16,503 | €14,378 | -€2,125 | -12.9% |
| Profit (loss) for the period | 9904 | €38,339 | €35,805 | -€2,534 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,339 | €35,805 | -€2,534 | -6.6% |
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 28 October 2026 via checked.be.