HR Force One: 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 Force One
Largest movements
- Cash -€69,951
down €69,951 (-45.8%), from €152,814 to €82,863
mainly Trade debts (-€67,987) and Contributions, distributions and other (-€33,000)
- Receivables within one year -€30,108
down €30,108 (-24.7%), from €121,751 to €91,643
- Trade debts -€67,987
down €67,987 (-62.2%), from €109,345 to €41,358
- Profit (loss) carried forward -€51,950
down €51,950, from €33,313 to -€18,637
- Current portion of long-term debt +€16,530
new in 2025: €16,530
- Other debts +€16,500
new in 2025: €16,500
- Tax, wage and social debts -€14,359
down €14,359 (-14.7%), from €97,952 to €83,593
of which Taxes: -€19,925
- Gross operating margin -€97,626
down €97,626 (-21.3%), from €458,535 to €360,908
- Taxes -€14,035
down €14,035 (-89.8%), from €15,635 to €1,600
- Staff costs -€12,539
down €12,539 (-3.3%), from €384,189 to €371,650
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 | €300,609 | €199,343 | -€101,266 | -33.7% |
| Fixed assets | 21/28 | €22,278 | €18,551 | -€3,727 | -16.7% |
| Intangible fixed assets | 21 | €7,827 | €5,995 | -€1,832 | -23.4% |
| Tangible fixed assets | 22/27 | €14,451 | €12,556 | -€1,895 | -13.1% |
| Furniture and vehicles | 24 | €14,451 | €11,444 | -€3,007 | -20.8% |
| Other tangible fixed assets | 26 | - | €1,112 | +€1,112 | |
| Current assets | 29/58 | €278,331 | €180,792 | -€97,539 | -35.0% |
| Amounts receivable within one year | 40/41 | €121,751 | €91,643 | -€30,108 | -24.7% |
| Trade receivables | 40 | €121,751 | €91,643 | -€30,108 | -24.7% |
| Cash at bank and in hand | 54/58 | €152,814 | €82,863 | -€69,951 | -45.8% |
| Deferred charges and accrued income | 490/1 | €3,766 | €6,285 | +€2,520 | +66.9% |
| Total equity and liabilities | 10/49 | €300,609 | €199,343 | -€101,266 | -33.7% |
| Equity | 10/15 | €93,313 | €41,363 | -€51,950 | -55.7% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,313 | -€18,637 | -€51,950 | |
| Amounts payable | 17/49 | €207,296 | €157,980 | -€49,316 | -23.8% |
| Amounts payable within one year | 42/48 | €207,296 | €157,980 | -€49,316 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | - | €16,530 | +€16,530 | |
| Trade debts | 44 | €109,345 | €41,358 | -€67,987 | -62.2% |
| Suppliers | 440/4 | €109,345 | €41,358 | -€67,987 | -62.2% |
| Taxes, remuneration and social security | 45 | €97,952 | €83,593 | -€14,359 | -14.7% |
| Taxes | 450/3 | €58,179 | €38,254 | -€19,925 | -34.2% |
| Remuneration and social security | 454/9 | €39,773 | €45,339 | +€5,566 | +14.0% |
| Other amounts payable | 47/48 | - | €16,500 | +€16,500 | |
| Remuneration, social security and pensions | 62 | €384,189 | €371,650 | -€12,539 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,173 | €6,508 | +€2,335 | +56.0% |
| Gross operating margin | 9900 | €458,535 | €360,908 | -€97,626 | -21.3% |
| Operating profit (loss) | 9901 | €70,173 | -€17,249 | -€87,422 | |
| Financial income | 75/76B | €31 | - | -€31 | |
| Recurring financial income | 75 | €31 | - | -€31 | |
| Financial charges | 65/66B | €64 | €101 | +€36 | +56.7% |
| Recurring financial charges | 65 | €64 | €101 | +€36 | +56.7% |
| Profit (loss) for the period before taxes | 9903 | €70,140 | -€17,350 | -€87,489 | |
| Income taxes | 67/77 | €15,635 | €1,600 | -€14,035 | -89.8% |
| Profit (loss) for the period | 9904 | €54,505 | -€18,950 | -€73,455 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,505 | -€18,950 | -€73,455 |
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 1 October 2026 via checked.be.