HR Group: 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 Group
Largest movements
- Tangible fixed assets -€2,007
no longer reported in 2025 (was €2,007)
- Receivables within one year -€594
down €594 (-70.6%), from €842 to €248
of which Other amounts receivable: -€697
- Cash -€518
down €518 (-6.2%), from €8,340 to €7,823
mainly Net result for the year (-€3,815) and Tax, wage and social debts (-€860)
- Profit (loss) carried forward -€3,815
down €3,815 (-42.8%), from -€8,920 to -€12,736
- Other debts +€1,512
up €1,512 (+297%), from €509 to €2,021
- Tax, wage and social debts -€860
down €860 (-85.9%), from €1,001 to €141
- Purchases and services -€110,283
down €110,283 (-95.9%), from €115,034 to €4,750
- Turnover -€103,155
no longer reported in 2025 (was €103,155)
- Gross operating margin +€8,097
up €8,097 (+84.8%), from -€9,545 to -€1,448
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 | €11,190 | €8,071 | -€3,119 | -27.9% |
| Fixed assets | 21/28 | €2,007 | - | -€2,007 | |
| Tangible fixed assets | 22/27 | €2,007 | - | -€2,007 | |
| Furniture and vehicles | 24 | €2,007 | - | -€2,007 | |
| Current assets | 29/58 | €9,183 | €8,071 | -€1,112 | -12.1% |
| Amounts receivable within one year | 40/41 | €842 | €248 | -€594 | -70.6% |
| Trade receivables | 40 | €145 | €248 | +€103 | +70.8% |
| Other amounts receivable | 41 | €697 | - | -€697 | |
| Cash at bank and in hand | 54/58 | €8,340 | €7,823 | -€518 | -6.2% |
| Total equity and liabilities | 10/49 | €11,190 | €8,071 | -€3,119 | -27.9% |
| Equity | 10/15 | €9,680 | €5,864 | -€3,815 | -39.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,920 | -€12,736 | -€3,815 | -42.8% |
| Amounts payable | 17/49 | €1,510 | €2,206 | +€696 | +46.1% |
| Amounts payable within one year | 42/48 | €1,510 | €2,206 | +€696 | +46.1% |
| Trade debts | 44 | - | €44 | +€44 | |
| Suppliers | 440/4 | - | €44 | +€44 | |
| Taxes, remuneration and social security | 45 | €1,001 | €141 | -€860 | -85.9% |
| Taxes | 450/3 | €1,001 | €141 | -€860 | -85.9% |
| Other amounts payable | 47/48 | €509 | €2,021 | +€1,512 | +297% |
| Turnover | 70 | €103,155 | - | -€103,155 | |
| Goods, raw materials, services and sundry goods | 60/61 | €115,034 | €4,750 | -€110,283 | -95.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €736 | - | -€736 | |
| Other operating charges | 640/8 | €1,365 | €2,069 | +€704 | +51.6% |
| Gross operating margin | 9900 | -€9,545 | -€1,448 | +€8,097 | +84.8% |
| Operating profit (loss) | 9901 | -€11,645 | -€3,517 | +€8,128 | +69.8% |
| Financial charges | 65/66B | €101 | €157 | +€56 | +55.8% |
| Recurring financial charges | 65 | €101 | €157 | +€56 | +55.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,746 | -€3,674 | +€8,072 | +68.7% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€11,886 | -€3,815 | +€8,071 | +67.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,886 | -€3,815 | +€8,071 | +67.9% |
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 14 October 2026 via checked.be.