HR IMPULSE: 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 IMPULSE
Largest movements
- Financial fixed assets +€51,000
up €51,000 (+4,000%), from €1,275 to €52,275
- Cash -€45,235
down €45,235 (-64.8%), from €69,779 to €24,544
mainly Investment in fixed assets (net) (-€55,299) and Contributions, distributions and other (-€45,429)
- Tangible fixed assets -€7,378
down €7,378 (-2.1%), from €344,307 to €336,929
of which Land and buildings: -€9,735
- Reserves -€12,488
down €12,488 (-9.6%), from €130,750 to €118,262
- Debts after one year +€5,923
up €5,923 (+2.3%), from €253,907 to €259,830
of which Other amounts payable: +€28,594
- Gross operating margin +€6,135
up €6,135 (+8.8%), from €69,530 to €75,665
- Taxes +€3,035
up €3,035 (+17.8%), from €17,081 to €20,116
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 | €436,904 | €431,601 | -€5,303 | -1.2% |
| Fixed assets | 21/28 | €345,582 | €389,204 | +€43,622 | +12.6% |
| Tangible fixed assets | 22/27 | €344,307 | €336,929 | -€7,378 | -2.1% |
| Land and buildings | 22 | €341,631 | €331,895 | -€9,735 | -2.8% |
| Plant, machinery and equipment | 23 | €120 | - | -€120 | |
| Furniture and vehicles | 24 | - | €3,847 | +€3,847 | |
| Other tangible fixed assets | 26 | €2,556 | €1,187 | -€1,369 | -53.6% |
| Financial fixed assets | 28 | €1,275 | €52,275 | +€51,000 | +4,000% |
| Current assets | 29/58 | €91,322 | €42,398 | -€48,925 | -53.6% |
| Amounts receivable within one year | 40/41 | €19,234 | €16,198 | -€3,036 | -15.8% |
| Trade receivables | 40 | €18,816 | €16,198 | -€2,618 | -13.9% |
| Other amounts receivable | 41 | €419 | €0 | -€419 | -100% |
| Cash at bank and in hand | 54/58 | €69,779 | €24,544 | -€45,235 | -64.8% |
| Deferred charges and accrued income | 490/1 | €2,308 | €1,656 | -€653 | -28.3% |
| Total equity and liabilities | 10/49 | €436,904 | €431,601 | -€5,303 | -1.2% |
| Equity | 10/15 | €149,740 | €136,862 | -€12,878 | -8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €130,750 | €118,262 | -€12,488 | -9.6% |
| Distributable reserves | 133 | €130,750 | €118,262 | -€12,488 | -9.6% |
| Profit (loss) carried forward | 14 | €390 | €0 | -€390 | -100% |
| Amounts payable | 17/49 | €287,164 | €294,740 | +€7,576 | +2.6% |
| Amounts payable after more than one year | 17 | €253,907 | €259,830 | +€5,923 | +2.3% |
| Financial debts | 170/4 | €187,103 | €164,432 | -€22,671 | -12.1% |
| Other amounts payable | 178/9 | €66,804 | €95,398 | +€28,594 | +42.8% |
| Amounts payable within one year | 42/48 | €28,015 | €29,998 | +€1,984 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €22,112 | €22,671 | +€559 | +2.5% |
| Trade debts | 44 | €2,450 | €2,040 | -€410 | -16.7% |
| Suppliers | 440/4 | €2,450 | €2,040 | -€410 | -16.7% |
| Taxes, remuneration and social security | 45 | €3,452 | €5,287 | +€1,835 | +53.1% |
| Taxes | 450/3 | €3,452 | €5,287 | +€1,835 | +53.1% |
| Accrued charges and deferred income | 492/3 | €5,242 | €4,911 | -€331 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,311 | €11,677 | +€366 | +3.2% |
| Other operating charges | 640/8 | €1,899 | €2,038 | +€139 | +7.3% |
| Gross operating margin | 9900 | €69,530 | €75,665 | +€6,135 | +8.8% |
| Operating profit (loss) | 9901 | €56,320 | €61,950 | +€5,630 | +10.0% |
| Financial income | 75/76B | - | €473 | +€473 | |
| Recurring financial income | 75 | - | €473 | +€473 | |
| Financial charges | 65/66B | €10,222 | €9,755 | -€466 | -4.6% |
| Recurring financial charges | 65 | €10,222 | €9,755 | -€466 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €46,099 | €52,667 | +€6,569 | +14.2% |
| Income taxes | 67/77 | €17,081 | €20,116 | +€3,035 | +17.8% |
| Profit (loss) for the period | 9904 | €29,018 | €32,551 | +€3,534 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,018 | €32,551 | +€3,534 | +12.2% |
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 16 October 2026 via checked.be.