HR Minds: 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 Minds
Largest movements
- Cash +€149,724
up €149,724 (+100.0%), from €149,786 to €299,510
mainly Other debts (+€309,132) and Net result for the year (+€165,083)
- Current investments -€75,000
down €75,000 (-100.0%), from €75,000 to €0
- Receivables within one year -€72,538
down €72,538 (-76.8%), from €94,403 to €21,865
of which Trade receivables: -€74,007
- Tangible fixed assets +€9,239
up €9,239 (+6.8%), from €136,269 to €145,508
of which Furniture and vehicles: +€8,930
- Other debts +€309,132
up €309,132 (+676.9%), from €45,670 to €354,802
- Reserves -€213,806
down €213,806 (-99.0%), from €215,952 to €2,146
of which Distributable reserves: -€213,806
- Trade debts -€72,543
down €72,543 (-87.6%), from €82,829 to €10,286
- Debts after one year -€7,453
down €7,453 (-13.7%), from €54,334 to €46,881
- Tax, wage and social debts +€6,961
up €6,961 (+32.7%), from €21,286 to €28,247
- Financial charges +€87,729
up €87,729 (+962.0%), from €9,119 to €96,848
- Gross operating margin +€58,466
up €58,466 (+22.3%), from €261,609 to €320,076
- Taxes -€8,419
down €8,419 (-14.0%), from €60,318 to €51,899
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.
Cash bridge derived
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 | €456,560 | €468,416 | +€11,855 | +2.6% |
| Fixed assets | 21/28 | €136,452 | €145,691 | +€9,239 | +6.8% |
| Tangible fixed assets | 22/27 | €136,269 | €145,508 | +€9,239 | +6.8% |
| Land and buildings | 22 | €124,606 | €124,914 | +€308 | +0.2% |
| Furniture and vehicles | 24 | €11,663 | €20,594 | +€8,930 | +76.6% |
| Financial fixed assets | 28 | €183 | €183 | = | 0.0% |
| Current assets | 29/58 | €320,108 | €322,725 | +€2,617 | +0.8% |
| Amounts receivable within one year | 40/41 | €94,403 | €21,865 | -€72,538 | -76.8% |
| Trade receivables | 40 | €80,769 | €6,762 | -€74,007 | -91.6% |
| Other amounts receivable | 41 | €13,634 | €15,103 | +€1,469 | +10.8% |
| Current investments | 50/53 | €75,000 | €0 | -€75,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €149,786 | €299,510 | +€149,724 | +100.0% |
| Deferred charges and accrued income | 490/1 | €919 | €1,350 | +€431 | +46.8% |
| Total equity and liabilities | 10/49 | €456,560 | €468,416 | +€11,855 | +2.6% |
| Equity | 10/15 | €234,552 | €20,746 | -€213,806 | -91.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €215,952 | €2,146 | -€213,806 | -99.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €286 | €286 | = | 0.0% |
| Distributable reserves | 133 | €213,806 | €0 | -€213,806 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €222,008 | €447,669 | +€225,661 | +101.6% |
| Amounts payable after more than one year | 17 | €54,334 | €46,881 | -€7,453 | -13.7% |
| Financial debts | 170/4 | €54,334 | €46,881 | -€7,453 | -13.7% |
| Amounts payable within one year | 42/48 | €163,688 | €400,788 | +€237,100 | +144.8% |
| Current portion of amounts payable after more than one year | 42 | €13,903 | €7,453 | -€6,451 | -46.4% |
| Trade debts | 44 | €82,829 | €10,286 | -€72,543 | -87.6% |
| Suppliers | 440/4 | €82,829 | €10,286 | -€72,543 | -87.6% |
| Taxes, remuneration and social security | 45 | €21,286 | €28,247 | +€6,961 | +32.7% |
| Taxes | 450/3 | €21,286 | €28,247 | +€6,961 | +32.7% |
| Other amounts payable | 47/48 | €45,670 | €354,802 | +€309,132 | +676.9% |
| Accrued charges and deferred income | 492/3 | €3,986 | €0 | -€3,986 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,130 | €7,873 | +€743 | +10.4% |
| Other operating charges | 640/8 | €2,006 | €2,555 | +€550 | +27.4% |
| Gross operating margin | 9900 | €261,609 | €320,076 | +€58,466 | +22.3% |
| Operating profit (loss) | 9901 | €252,473 | €309,647 | +€57,174 | +22.6% |
| Financial income | 75/76B | €1,530 | €4,184 | +€2,653 | +173.4% |
| Recurring financial income | 75 | €1,530 | €4,184 | +€2,653 | +173.4% |
| Financial charges | 65/66B | €9,119 | €96,848 | +€87,729 | +962.0% |
| Recurring financial charges | 65 | €9,119 | €96,848 | +€87,729 | +962.0% |
| Profit (loss) for the period before taxes | 9903 | €244,884 | €216,982 | -€27,902 | -11.4% |
| Income taxes | 67/77 | €60,318 | €51,899 | -€8,419 | -14.0% |
| Profit (loss) for the period | 9904 | €184,566 | €165,083 | -€19,483 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €184,566 | €165,083 | -€19,483 | -10.6% |
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 10 October 2026 via checked.be.