HR GROOVE: 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 GROOVE
Largest movements
- Cash +€41,706
up €41,706 (+36.5%), from €114,133 to €155,839
mainly Net result for the year (+€44,656) and Short-term financial debts (+€5,134)
- Receivables within one year +€5,567
up €5,567 (+24.6%), from €22,672 to €28,239
of which Other amounts receivable: +€3,712
- Profit (loss) carried forward +€44,656
new in 2025: €44,656
- Short-term financial debts +€5,134
new in 2025: €5,134
- Gross operating margin +€16,098
up €16,098 (+39.6%), from €40,617 to €56,715
- Taxes -€3,891
down €3,891 (-37.1%), from €10,501 to €6,610
- Other operating charges -€611
down €611 (-68.1%), from €898 to €286
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 | €141,421 | €189,181 | +€47,761 | +33.8% |
| Formation expenses | 20 | €69 | €0 | -€69 | -100% |
| Fixed assets | 21/28 | €3,808 | €4,207 | +€399 | +10.5% |
| Tangible fixed assets | 22/27 | €3,808 | €4,207 | +€399 | +10.5% |
| Plant, machinery and equipment | 23 | €2,774 | €1,725 | -€1,048 | -37.8% |
| Furniture and vehicles | 24 | €1,035 | €2,482 | +€1,447 | +140% |
| Current assets | 29/58 | €137,544 | €184,974 | +€47,430 | +34.5% |
| Amounts receivable within one year | 40/41 | €22,672 | €28,239 | +€5,567 | +24.6% |
| Trade receivables | 40 | €12,977 | €14,832 | +€1,855 | +14.3% |
| Other amounts receivable | 41 | €9,695 | €13,407 | +€3,712 | +38.3% |
| Cash at bank and in hand | 54/58 | €114,133 | €155,839 | +€41,706 | +36.5% |
| Deferred charges and accrued income | 490/1 | €739 | €895 | +€157 | +21.2% |
| Total equity and liabilities | 10/49 | €141,421 | €189,181 | +€47,761 | +33.8% |
| Equity | 10/15 | €131,644 | €176,301 | +€44,656 | +33.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €126,644 | €126,644 | = | 0.0% |
| Distributable reserves | 133 | €126,644 | €126,644 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €44,656 | +€44,656 | |
| Amounts payable | 17/49 | €9,776 | €12,881 | +€3,104 | +31.8% |
| Amounts payable within one year | 42/48 | €9,776 | €12,881 | +€3,104 | +31.8% |
| Financial debts | 43 | - | €5,134 | +€5,134 | |
| Credit institutions | 430/8 | - | €5,134 | +€5,134 | |
| Trade debts | 44 | €2,002 | €1,411 | -€591 | -29.5% |
| Suppliers | 440/4 | €2,002 | €1,411 | -€591 | -29.5% |
| Taxes, remuneration and social security | 45 | €7,774 | €6,336 | -€1,439 | -18.5% |
| Taxes | 450/3 | €7,774 | €6,336 | -€1,439 | -18.5% |
| Remuneration, social security and pensions | 62 | €250 | €0 | -€250 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,220 | €1,746 | -€474 | -21.4% |
| Other operating charges | 640/8 | €898 | €286 | -€611 | -68.1% |
| Non-recurring operating charges | 66A | - | €3,068 | +€3,068 | |
| Gross operating margin | 9900 | €40,617 | €56,715 | +€16,098 | +39.6% |
| Operating profit (loss) | 9901 | €37,249 | €51,614 | +€14,365 | +38.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €199 | €348 | +€149 | +74.8% |
| Recurring financial charges | 65 | €199 | €348 | +€149 | +74.8% |
| Profit (loss) for the period before taxes | 9903 | €37,050 | €51,267 | +€14,217 | +38.4% |
| Income taxes | 67/77 | €10,501 | €6,610 | -€3,891 | -37.1% |
| Profit (loss) for the period | 9904 | €26,549 | €44,656 | +€18,108 | +68.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,549 | €44,656 | +€18,108 | +68.2% |
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 31 October 2026 via checked.be.