HR Partner: 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 Partner
Largest movements
- Tangible fixed assets -€51,637
down €51,637 (-11.9%), from €434,811 to €383,175
of which Other tangible fixed assets: -€47,373
- Cash +€9,714
up €9,714 (+13.8%), from €70,311 to €80,025
mainly Depreciation (+€51,637) and Net result for the year (+€7,136)
- Receivables within one year +€8,159
up €8,159 (+49.0%), from €16,653 to €24,812
of which Other amounts receivable: +€16,684
- Trade debts -€17,714
down €17,714 (-95.4%), from €18,559 to €844
- Debts after one year -€16,759
down €16,759 (-8.8%), from €190,829 to €174,070
- Tax, wage and social debts -€12,588
no longer reported in 2024 (was €12,588)
- Profit (loss) carried forward +€7,136
up €7,136 (+8.3%), from €85,800 to €92,936
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Gross operating margin -€17,274
down €17,274 (-20.8%), from €83,009 to €65,735
- Taxes -€5,394
down €5,394 (-71.1%), from €7,586 to €2,191
- Other operating charges -€899
down €899 (-38.1%), from €2,361 to €1,462
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €522,062 | €488,570 | -€33,492 | -6.4% |
| Fixed assets | 21/28 | €434,861 | €383,225 | -€51,637 | -11.9% |
| Tangible fixed assets | 22/27 | €434,811 | €383,175 | -€51,637 | -11.9% |
| Land and buildings | 22 | €18,988 | €16,617 | -€2,371 | -12.5% |
| Plant, machinery and equipment | 23 | €14,530 | €12,638 | -€1,893 | -13.0% |
| Other tangible fixed assets | 26 | €401,292 | €353,919 | -€47,373 | -11.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €87,201 | €105,345 | +€18,144 | +20.8% |
| Amounts receivable within one year | 40/41 | €16,653 | €24,812 | +€8,159 | +49.0% |
| Trade receivables | 40 | €14,961 | €6,436 | -€8,526 | -57.0% |
| Other amounts receivable | 41 | €1,692 | €18,376 | +€16,684 | +986.2% |
| Cash at bank and in hand | 54/58 | €70,311 | €80,025 | +€9,714 | +13.8% |
| Deferred charges and accrued income | 490/1 | €237 | €508 | +€272 | +114.7% |
| Total equity and liabilities | 10/49 | €522,062 | €488,570 | -€33,492 | -6.4% |
| Equity | 10/15 | €283,560 | €296,896 | +€13,336 | +4.7% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €185,360 | €185,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €183,500 | €183,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,800 | €92,936 | +€7,136 | +8.3% |
| Amounts payable | 17/49 | €238,502 | €191,674 | -€46,828 | -19.6% |
| Amounts payable after more than one year | 17 | €190,829 | €174,070 | -€16,759 | -8.8% |
| Financial debts | 170/4 | €190,829 | €174,070 | -€16,759 | -8.8% |
| Amounts payable within one year | 42/48 | €47,673 | €17,604 | -€30,069 | -63.1% |
| Current portion of amounts payable after more than one year | 42 | €16,526 | €16,759 | +€233 | +1.4% |
| Trade debts | 44 | €18,559 | €844 | -€17,714 | -95.4% |
| Suppliers | 440/4 | €18,559 | €844 | -€17,714 | -95.4% |
| Taxes, remuneration and social security | 45 | €12,588 | - | -€12,588 | |
| Taxes | 450/3 | €12,588 | - | -€12,588 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,815 | €51,637 | +€822 | +1.6% |
| Other operating charges | 640/8 | €2,361 | €1,462 | -€899 | -38.1% |
| Gross operating margin | 9900 | €83,009 | €65,735 | -€17,274 | -20.8% |
| Operating profit (loss) | 9901 | €29,833 | €12,636 | -€17,197 | -57.6% |
| Financial charges | 65/66B | €3,877 | €3,309 | -€568 | -14.7% |
| Recurring financial charges | 65 | €3,877 | €3,309 | -€568 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €25,956 | €9,327 | -€16,628 | -64.1% |
| Income taxes | 67/77 | €7,586 | €2,191 | -€5,394 | -71.1% |
| Profit (loss) for the period | 9904 | €18,370 | €7,136 | -€11,234 | -61.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,370 | €7,136 | -€11,234 | -61.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.