HR Made: 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 Made
Largest movements
- Receivables within one year +€32,856
up €32,856 (+49.8%), from €65,955 to €98,811
of which Trade receivables: +€19,970
- Cash +€2,584
up €2,584, from €0 to €2,584
mainly Net result for the year (+€21,966) and Trade debts (+€9,749)
- Tangible fixed assets -€1,123
down €1,123 (-96.8%), from €1,161 to €38
- Profit (loss) carried forward +€21,966
up €21,966 (+65.4%), from €33,567 to €55,533
- Trade debts +€9,749
up €9,749 (+924%), from €1,055 to €10,804
- Tax, wage and social debts +€6,510
up €6,510 (+25.0%), from €26,071 to €32,581
of which Taxes: +€6,510
- Current portion of long-term debt -€3,908
down €3,908 (-100%), from €3,908 to €0
- Gross operating margin -€22,692
down €22,692 (-42.4%), from €53,576 to €30,884
- Financial income +€1,764
up €1,764 (+261%), from €676 to €2,440
- Taxes +€1,540
up €1,540 (+24.1%), from €6,383 to €7,922
- Depreciation -€861
down €861 (-43.4%), from €1,984 to €1,123
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 | €67,602 | €101,919 | +€34,317 | +50.8% |
| Fixed assets | 21/28 | €1,161 | €38 | -€1,123 | -96.8% |
| Tangible fixed assets | 22/27 | €1,161 | €38 | -€1,123 | -96.8% |
| Furniture and vehicles | 24 | €1,161 | €38 | -€1,123 | -96.8% |
| Current assets | 29/58 | €66,441 | €101,881 | +€35,440 | +53.3% |
| Amounts receivable within one year | 40/41 | €65,955 | €98,811 | +€32,856 | +49.8% |
| Trade receivables | 40 | €27,298 | €47,268 | +€19,970 | +73.2% |
| Other amounts receivable | 41 | €38,657 | €51,543 | +€12,886 | +33.3% |
| Cash at bank and in hand | 54/58 | €0 | €2,584 | +€2,584 | |
| Deferred charges and accrued income | 490/1 | €486 | €486 | = | 0.0% |
| Total equity and liabilities | 10/49 | €67,602 | €101,919 | +€34,317 | +50.8% |
| Equity | 10/15 | €36,567 | €58,533 | +€21,966 | +60.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,567 | €55,533 | +€21,966 | +65.4% |
| Amounts payable | 17/49 | €31,035 | €43,386 | +€12,351 | +39.8% |
| Amounts payable within one year | 42/48 | €31,035 | €43,386 | +€12,351 | +39.8% |
| Current portion of amounts payable after more than one year | 42 | €3,908 | €0 | -€3,908 | -100% |
| Trade debts | 44 | €1,055 | €10,804 | +€9,749 | +924% |
| Suppliers | 440/4 | €1,055 | €10,804 | +€9,749 | +924% |
| Taxes, remuneration and social security | 45 | €26,071 | €32,581 | +€6,510 | +25.0% |
| Taxes | 450/3 | €26,071 | €32,581 | +€6,510 | +25.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,984 | €1,123 | -€861 | -43.4% |
| Other operating charges | 640/8 | €1,321 | €1,692 | +€371 | +28.1% |
| Gross operating margin | 9900 | €53,576 | €30,884 | -€22,692 | -42.4% |
| Operating profit (loss) | 9901 | €50,270 | €28,069 | -€22,202 | -44.2% |
| Financial income | 75/76B | €676 | €2,440 | +€1,764 | +261% |
| Recurring financial income | 75 | €676 | €2,440 | +€1,764 | +261% |
| Financial charges | 65/66B | €505 | €621 | +€115 | +22.8% |
| Recurring financial charges | 65 | €505 | €621 | +€115 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €50,441 | €29,888 | -€20,553 | -40.7% |
| Income taxes | 67/77 | €6,383 | €7,922 | +€1,540 | +24.1% |
| Profit (loss) for the period | 9904 | €44,059 | €21,966 | -€22,093 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,059 | €21,966 | -€22,093 | -50.1% |
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 13 October 2026 via checked.be.