HR MOTIVE: 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 MOTIVE
Largest movements
- Tangible fixed assets +€17,918
new in 2025: €17,918
- Receivables within one year -€3,846
down €3,846 (-22.0%), from €17,479 to €13,633
of which Other amounts receivable: -€5,177
- Cash -€3,251
down €3,251 (-56.5%), from €5,750 to €2,499
mainly Investment in fixed assets (net) (-€20,000) and Tax, wage and social debts (-€3,260)
- Reserves +€27,208
new in 2025: €27,208
- Profit (loss) carried forward -€11,816
down €11,816 (-100%), from €11,816 to €0
- Tax, wage and social debts -€3,260
down €3,260 (-57.4%), from €5,683 to €2,423
- Trade debts -€1,468
down €1,468 (-71.5%), from €2,054 to €586
- Other debts +€833
new in 2025: €833
- Gross operating margin +€7,311
up €7,311 (+58.6%), from €12,479 to €19,789
- Depreciation +€2,082
new in 2025: €2,082
- Taxes +€1,178
new in 2025: €1,178
- Financial charges -€382
down €382 (-100.0%), from €382 to €0
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 | €23,229 | €34,050 | +€10,821 | +46.6% |
| Fixed assets | 21/28 | - | €17,918 | +€17,918 | |
| Tangible fixed assets | 22/27 | - | €17,918 | +€17,918 | |
| Furniture and vehicles | 24 | - | €17,918 | +€17,918 | |
| Current assets | 29/58 | €23,229 | €16,132 | -€7,097 | -30.6% |
| Amounts receivable within one year | 40/41 | €17,479 | €13,633 | -€3,846 | -22.0% |
| Trade receivables | 40 | €11,979 | €13,310 | +€1,331 | +11.1% |
| Other amounts receivable | 41 | €5,500 | €323 | -€5,177 | -94.1% |
| Cash at bank and in hand | 54/58 | €5,750 | €2,499 | -€3,251 | -56.5% |
| Total equity and liabilities | 10/49 | €23,229 | €34,050 | +€10,821 | +46.6% |
| Equity | 10/15 | €14,816 | €30,208 | +€15,392 | +104% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €27,208 | +€27,208 | |
| Distributable reserves | 133 | - | €27,208 | +€27,208 | |
| Profit (loss) carried forward | 14 | €11,816 | €0 | -€11,816 | -100% |
| Amounts payable | 17/49 | €8,414 | €3,842 | -€4,572 | -54.3% |
| Amounts payable within one year | 42/48 | €7,736 | €3,842 | -€3,894 | -50.3% |
| Trade debts | 44 | €2,054 | €586 | -€1,468 | -71.5% |
| Suppliers | 440/4 | €2,054 | €586 | -€1,468 | -71.5% |
| Taxes, remuneration and social security | 45 | €5,683 | €2,423 | -€3,260 | -57.4% |
| Taxes | 450/3 | €5,683 | €2,423 | -€3,260 | -57.4% |
| Other amounts payable | 47/48 | - | €833 | +€833 | |
| Accrued charges and deferred income | 492/3 | €677 | €0 | -€677 | -100% |
| Remuneration, social security and pensions | 62 | - | €40 | +€40 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,082 | +€2,082 | |
| Other operating charges | 640/8 | €282 | €264 | -€18 | -6.4% |
| Gross operating margin | 9900 | €12,479 | €19,789 | +€7,311 | +58.6% |
| Operating profit (loss) | 9901 | €12,197 | €17,403 | +€5,206 | +42.7% |
| Financial charges | 65/66B | €382 | €0 | -€382 | -100.0% |
| Recurring financial charges | 65 | €382 | €0 | -€382 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €11,816 | €17,403 | +€5,588 | +47.3% |
| Income taxes | 67/77 | - | €1,178 | +€1,178 | |
| Profit (loss) for the period | 9904 | €11,816 | €16,225 | +€4,410 | +37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,816 | €16,225 | +€4,410 | +37.3% |
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 24 October 2026 via checked.be.