HR Mentor: 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 Mentor
Largest movements
- Receivables within one year +€45,906
up €45,906 (+96.6%), from €47,516 to €93,421
of which Trade receivables: +€40,882
- Cash -€17,471
down €17,471 (-10.9%), from €159,959 to €142,489
mainly Receivables within one year (-€45,906) and Investment in fixed assets (net) (-€28,402)
- Tangible fixed assets -€14,253
down €14,253 (-13.4%), from €106,295 to €92,041
of which Furniture and vehicles: -€12,029
- Reserves +€22,594
up €22,594 (+11.9%), from €190,360 to €212,954
- Debts after one year -€17,407
down €17,407 (-27.1%), from €64,151 to €46,745
- Tax, wage and social debts +€9,485
up €9,485 (+44.6%), from €21,255 to €30,740
of which Taxes: +€8,078
- Other debts -€8,961
down €8,961 (-84.3%), from €10,627 to €1,666
- Current portion of long-term debt +€6,263
up €6,263 (+18.7%), from €33,453 to €39,716
- Staff costs +€46,426
up €46,426 (+26.7%), from €173,575 to €220,001
- Taxes -€10,844
down €10,844 (-46.5%), from €23,302 to €12,458
- Gross operating margin +€3,187
up €3,187 (+1.1%), from €300,574 to €303,761
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 | €344,551 | €357,850 | +€13,299 | +3.9% |
| Fixed assets | 21/28 | €107,745 | €92,799 | -€14,946 | -13.9% |
| Intangible fixed assets | 21 | €1,450 | €757 | -€693 | -47.8% |
| Tangible fixed assets | 22/27 | €106,295 | €92,041 | -€14,253 | -13.4% |
| Plant, machinery and equipment | 23 | €1,208 | €787 | -€421 | -34.9% |
| Furniture and vehicles | 24 | €93,544 | €81,515 | -€12,029 | -12.9% |
| Other tangible fixed assets | 26 | €11,543 | €9,739 | -€1,803 | -15.6% |
| Current assets | 29/58 | €236,807 | €265,051 | +€28,245 | +11.9% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Trade receivables | 290 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €47,516 | €93,421 | +€45,906 | +96.6% |
| Trade receivables | 40 | €45,964 | €86,845 | +€40,882 | +88.9% |
| Other amounts receivable | 41 | €1,552 | €6,576 | +€5,024 | +324% |
| Cash at bank and in hand | 54/58 | €159,959 | €142,489 | -€17,471 | -10.9% |
| Deferred charges and accrued income | 490/1 | €9,332 | €9,142 | -€191 | -2.0% |
| Total equity and liabilities | 10/49 | €344,551 | €357,850 | +€13,299 | +3.9% |
| Equity | 10/15 | €208,960 | €231,554 | +€22,594 | +10.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €190,360 | €212,954 | +€22,594 | +11.9% |
| Distributable reserves | 133 | €190,360 | €212,954 | +€22,594 | +11.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €135,591 | €126,296 | -€9,295 | -6.9% |
| Amounts payable after more than one year | 17 | €64,151 | €46,745 | -€17,407 | -27.1% |
| Financial debts | 170/4 | €64,151 | €46,745 | -€17,407 | -27.1% |
| Amounts payable within one year | 42/48 | €71,324 | €79,551 | +€8,227 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €33,453 | €39,716 | +€6,263 | +18.7% |
| Trade debts | 44 | €5,990 | €7,430 | +€1,440 | +24.0% |
| Suppliers | 440/4 | €5,990 | €7,430 | +€1,440 | +24.0% |
| Taxes, remuneration and social security | 45 | €21,255 | €30,740 | +€9,485 | +44.6% |
| Taxes | 450/3 | €16,701 | €24,779 | +€8,078 | +48.4% |
| Remuneration and social security | 454/9 | €4,553 | €5,960 | +€1,407 | +30.9% |
| Other amounts payable | 47/48 | €10,627 | €1,666 | -€8,961 | -84.3% |
| Accrued charges and deferred income | 492/3 | €116 | €0 | -€116 | -100% |
| Non-recurring operating income | 76A | €236 | €0 | -€236 | -100% |
| Remuneration, social security and pensions | 62 | €173,575 | €220,001 | +€46,426 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,750 | €43,347 | +€598 | +1.4% |
| Other operating charges | 640/8 | €1,282 | €1,316 | +€34 | +2.7% |
| Non-recurring operating charges | 66A | €1,168 | €0 | -€1,168 | -100% |
| Gross operating margin | 9900 | €300,574 | €303,761 | +€3,187 | +1.1% |
| Operating profit (loss) | 9901 | €81,799 | €39,097 | -€42,702 | -52.2% |
| Financial income | 75/76B | €497 | €614 | +€117 | +23.6% |
| Recurring financial income | 75 | €497 | €614 | +€117 | +23.6% |
| Financial charges | 65/66B | €3,857 | €2,993 | -€864 | -22.4% |
| Recurring financial charges | 65 | €3,857 | €2,993 | -€864 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €78,439 | €36,718 | -€41,721 | -53.2% |
| Income taxes | 67/77 | €23,302 | €12,458 | -€10,844 | -46.5% |
| Profit (loss) for the period | 9904 | €55,137 | €24,260 | -€30,877 | -56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,137 | €24,260 | -€30,877 | -56.0% |
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 18 October 2026 via checked.be.