HR ONE GROUP: 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 ONE GROUP
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+172%), from €661,056 to €1.8m
of which Trade receivables: +€581,747
- Cash -€411,357
down €411,357 (-79.8%), from €515,210 to €103,853
mainly Receivables within one year (-€1.1m) and Other debts (-€22,321)
- Profit (loss) carried forward +€613,257
up €613,257 (+64.3%), from €954,265 to €1.6m
- Tax, wage and social debts +€55,640
up €55,640 (+47.9%), from €116,188 to €171,828
of which Taxes: +€30,128
- Trade debts +€55,025
up €55,025 (+58.4%), from €94,188 to €149,213
- Other debts -€22,321
down €22,321 (-100%), from €22,321 to €0
- Accrued charges and deferred income +€21,750
new in 2025: €21,750
- Gross operating margin +€643,248
up €643,248 (+90.0%), from €714,930 to €1.4m
- Staff costs +€173,450
up €173,450 (+51.7%), from €335,501 to €508,950
- Taxes +€122,264
up €122,264 (+125%), from €97,890 to €220,154
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 | €1,207,422 | €1,930,773 | +€723,351 | +59.9% |
| Fixed assets | 21/28 | €25,800 | €21,480 | -€4,320 | -16.7% |
| Intangible fixed assets | 21 | €1,385 | €0 | -€1,385 | -100% |
| Tangible fixed assets | 22/27 | €24,415 | €21,480 | -€2,935 | -12.0% |
| Plant, machinery and equipment | 23 | €18,801 | €15,731 | -€3,071 | -16.3% |
| Furniture and vehicles | 24 | €5,614 | €5,749 | +€136 | +2.4% |
| Current assets | 29/58 | €1,181,622 | €1,909,294 | +€727,671 | +61.6% |
| Amounts receivable within one year | 40/41 | €661,056 | €1,798,097 | +€1.1m | +172% |
| Trade receivables | 40 | €661,056 | €1,242,804 | +€581,747 | +88.0% |
| Other amounts receivable | 41 | €0 | €555,293 | +€555,293 | |
| Cash at bank and in hand | 54/58 | €515,210 | €103,853 | -€411,357 | -79.8% |
| Deferred charges and accrued income | 490/1 | €5,356 | €7,344 | +€1,987 | +37.1% |
| Total equity and liabilities | 10/49 | €1,207,422 | €1,930,773 | +€723,351 | +59.9% |
| Equity | 10/15 | €974,725 | €1,587,982 | +€613,257 | +62.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €954,265 | €1,567,522 | +€613,257 | +64.3% |
| Amounts payable | 17/49 | €232,697 | €342,791 | +€110,094 | +47.3% |
| Amounts payable within one year | 42/48 | €232,697 | €321,041 | +€88,344 | +38.0% |
| Trade debts | 44 | €94,188 | €149,213 | +€55,025 | +58.4% |
| Suppliers | 440/4 | €94,188 | €149,213 | +€55,025 | +58.4% |
| Taxes, remuneration and social security | 45 | €116,188 | €171,828 | +€55,640 | +47.9% |
| Taxes | 450/3 | €94,570 | €124,698 | +€30,128 | +31.9% |
| Remuneration and social security | 454/9 | €21,618 | €47,130 | +€25,512 | +118% |
| Other amounts payable | 47/48 | €22,321 | €0 | -€22,321 | -100% |
| Accrued charges and deferred income | 492/3 | - | €21,750 | +€21,750 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €335,501 | €508,950 | +€173,450 | +51.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,880 | €10,301 | -€5,579 | -35.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€9,277 | -€9,277 | |
| Other operating charges | 640/8 | €2,521 | €11,025 | +€8,504 | +337% |
| Gross operating margin | 9900 | €714,930 | €1,358,178 | +€643,248 | +90.0% |
| Operating profit (loss) | 9901 | €361,028 | €837,179 | +€476,151 | +132% |
| Financial income | 75/76B | €1,204 | €3,775 | +€2,571 | +213% |
| Recurring financial income | 75 | €1,204 | €3,775 | +€2,571 | +213% |
| Financial charges | 65/66B | €1,596 | €7,542 | +€5,946 | +372% |
| Recurring financial charges | 65 | €1,596 | €7,542 | +€5,946 | +372% |
| Profit (loss) for the period before taxes | 9903 | €360,636 | €833,411 | +€472,776 | +131% |
| Income taxes | 67/77 | €97,890 | €220,154 | +€122,264 | +125% |
| Profit (loss) for the period | 9904 | €262,746 | €613,257 | +€350,511 | +133% |
| Profit (loss) for the period to be appropriated | 9905 | €262,746 | €613,257 | +€350,511 | +133% |
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 26 October 2026 via checked.be.