HR Flow: 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 Flow
Largest movements
- Tangible fixed assets +€42,219
new in 2025: €42,219
of which Other tangible fixed assets: +€39,921
- Cash +€26,559
up €26,559 (+77.4%), from €34,323 to €60,882
mainly Other debts (+€44,187) and Net result for the year (+€43,711)
- Receivables within one year +€12,977
new in 2025: €12,977
- Other debts +€44,187
up €44,187 (+586.8%), from €7,530 to €51,716
- Profit (loss) carried forward +€43,711
up €43,711 (+310.1%), from €14,095 to €57,806
- Tax, wage and social debts -€4,727
down €4,727 (-56.1%), from €8,431 to €3,704
of which Taxes: -€4,887
- Trade debts -€1,706
down €1,706 (-88.9%), from €1,919 to €214
- Gross operating margin +€44,254
up €44,254 (+237.1%), from €18,663 to €62,917
- Taxes +€8,318
up €8,318 (+210.7%), from €3,947 to €12,265
- Depreciation +€5,865
new in 2025: €5,865
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 | €34,975 | €116,658 | +€81,683 | +233.5% |
| Fixed assets | 21/28 | - | €42,219 | +€42,219 | |
| Tangible fixed assets | 22/27 | - | €42,219 | +€42,219 | |
| Furniture and vehicles | 24 | - | €2,298 | +€2,298 | |
| Other tangible fixed assets | 26 | - | €39,921 | +€39,921 | |
| Current assets | 29/58 | €34,975 | €74,440 | +€39,464 | +112.8% |
| Amounts receivable within one year | 40/41 | - | €12,977 | +€12,977 | |
| Trade receivables | 40 | - | €12,977 | +€12,977 | |
| Cash at bank and in hand | 54/58 | €34,323 | €60,882 | +€26,559 | +77.4% |
| Deferred charges and accrued income | 490/1 | €652 | €580 | -€72 | -11.0% |
| Total equity and liabilities | 10/49 | €34,975 | €116,658 | +€81,683 | +233.5% |
| Equity | 10/15 | €17,095 | €60,806 | +€43,711 | +255.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,095 | €57,806 | +€43,711 | +310.1% |
| Amounts payable | 17/49 | €17,880 | €55,852 | +€37,972 | +212.4% |
| Amounts payable within one year | 42/48 | €17,880 | €55,634 | +€37,754 | +211.2% |
| Trade debts | 44 | €1,919 | €214 | -€1,706 | -88.9% |
| Suppliers | 440/4 | €1,919 | €214 | -€1,706 | -88.9% |
| Taxes, remuneration and social security | 45 | €8,431 | €3,704 | -€4,727 | -56.1% |
| Taxes | 450/3 | €8,431 | €3,544 | -€4,887 | -58.0% |
| Remuneration and social security | 454/9 | - | €160 | +€160 | |
| Other amounts payable | 47/48 | €7,530 | €51,716 | +€44,187 | +586.8% |
| Accrued charges and deferred income | 492/3 | - | €218 | +€218 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,865 | +€5,865 | |
| Other operating charges | 640/8 | €609 | €933 | +€324 | +53.2% |
| Gross operating margin | 9900 | €18,663 | €62,917 | +€44,254 | +237.1% |
| Operating profit (loss) | 9901 | €18,055 | €56,120 | +€38,065 | +210.8% |
| Financial charges | 65/66B | €12 | €144 | +€132 | +1096.8% |
| Recurring financial charges | 65 | €12 | €144 | +€132 | +1096.8% |
| Profit (loss) for the period before taxes | 9903 | €18,043 | €55,976 | +€37,934 | +210.2% |
| Income taxes | 67/77 | €3,947 | €12,265 | +€8,318 | +210.7% |
| Profit (loss) for the period | 9904 | €14,095 | €43,711 | +€29,616 | +210.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,095 | €43,711 | +€29,616 | +210.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.