HR PARTNERS: what changed
What changed
HR PARTNERS
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€21,449
2024 · €133,251-€111,802
Equity
€358,317
2024 · €336,868+€21,449
Cash
€73,902
2024 · €124,878-€50,977
Balance sheet total
€817,475
2024 · €994,043-€176,568
Largest movements
Assets
- Receivables within one year -€134,254
down €134,254 (-15.6%), from €859,045 to €724,791
of which Trade receivables: -€379,470
- Cash -€50,977
down €50,977 (-40.8%), from €124,878 to €73,902
mainly Trade debts (-€199,249) and Tax, wage and social debts (-€102,431)
Equity and liabilities
- Trade debts -€199,249
down €199,249 (-43.5%), from €457,816 to €258,567
- Tax, wage and social debts -€102,431
down €102,431 (-51.5%), from €199,076 to €96,645
of which Taxes: -€66,609
- Other debts +€98,379
up €98,379, from €0 to €98,379
- Profit (loss) carried forward +€21,449
up €21,449 (+15.5%), from €138,747 to €160,196
Income statement
- Gross operating margin -€303,224
down €303,224 (-29.4%), from €1.0m to €729,175
- Staff costs -€176,710
down €176,710 (-21.5%), from €821,333 to €644,623
- Taxes -€15,030
down €15,030 (-33.2%), from €45,269 to €30,239
- Write-downs +€12,145
new in 2025: €12,145
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€133,251
Gross operating margin
-€303,224
Staff costs
+€176,710
Depreciation
+€3,204
Write-downs
-€12,145
Other operating charges
+€15
Financial income
-€298
Financial charges
+€8,906
Taxes
+€15,030
Result 2025
€21,449
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€51,235
Investment
+€259
Financing
€0
Cash 2024
€124,878
From operations (derived)
-€51,235
Net result for the year
+€21,449
Depreciation
+€770
Receivables within one year
+€134,254
Deferred charges and accrued income
-€9,691
Trade debts
-€199,249
Tax, wage and social debts
-€102,431
Other debts
+€98,379
Accrued charges and deferred income
+€5,283
Investment (derived)
+€259
Investment in fixed assets (net)
+€259
Cash 2025
€73,902
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €994,043 | €817,475 | -€176,568 | -17.8% |
| Fixed assets | 21/28 | €2,195 | €1,166 | -€1,029 | -46.9% |
| Intangible fixed assets | 21 | €1,936 | €1,166 | -€770 | -39.8% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €259 | - | -€259 | |
| Current assets | 29/58 | €991,849 | €816,309 | -€175,540 | -17.7% |
| Amounts receivable within one year | 40/41 | €859,045 | €724,791 | -€134,254 | -15.6% |
| Trade receivables | 40 | €771,471 | €392,001 | -€379,470 | -49.2% |
| Other amounts receivable | 41 | €87,574 | €332,790 | +€245,216 | +280% |
| Cash at bank and in hand | 54/58 | €124,878 | €73,902 | -€50,977 | -40.8% |
| Deferred charges and accrued income | 490/1 | €7,925 | €17,616 | +€9,691 | +122% |
| Total equity and liabilities | 10/49 | €994,043 | €817,475 | -€176,568 | -17.8% |
| Equity | 10/15 | €336,868 | €358,317 | +€21,449 | +6.4% |
| Contributions | 10/11 | €180,110 | €180,110 | = | 0.0% |
| Capital | 10 | €180,110 | €180,110 | = | 0.0% |
| Issued capital | 100 | €180,110 | €180,110 | = | 0.0% |
| Reserves | 13 | €18,011 | €18,011 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,011 | €18,011 | = | 0.0% |
| Legal reserve | 130 | €18,011 | €18,011 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,747 | €160,196 | +€21,449 | +15.5% |
| Amounts payable | 17/49 | €657,175 | €459,158 | -€198,018 | -30.1% |
| Amounts payable within one year | 42/48 | €656,892 | €453,591 | -€203,301 | -30.9% |
| Trade debts | 44 | €457,816 | €258,567 | -€199,249 | -43.5% |
| Suppliers | 440/4 | €457,816 | €258,567 | -€199,249 | -43.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €199,076 | €96,645 | -€102,431 | -51.5% |
| Taxes | 450/3 | €78,165 | €11,557 | -€66,609 | -85.2% |
| Remuneration and social security | 454/9 | €120,911 | €85,088 | -€35,823 | -29.6% |
| Other amounts payable | 47/48 | €0 | €98,379 | +€98,379 | |
| Accrued charges and deferred income | 492/3 | €283 | €5,567 | +€5,283 | +1,865% |
| Remuneration, social security and pensions | 62 | €821,333 | €644,623 | -€176,710 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,974 | €770 | -€3,204 | -80.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,145 | +€12,145 | |
| Other operating charges | 640/8 | €968 | €952 | -€15 | -1.6% |
| Gross operating margin | 9900 | €1,032,399 | €729,175 | -€303,224 | -29.4% |
| Operating profit (loss) | 9901 | €206,125 | €70,686 | -€135,439 | -65.7% |
| Financial income | 75/76B | €303 | €5 | -€298 | -98.4% |
| Recurring financial income | 75 | €303 | €5 | -€298 | -98.4% |
| Financial charges | 65/66B | €27,908 | €19,002 | -€8,906 | -31.9% |
| Recurring financial charges | 65 | €27,908 | €19,002 | -€8,906 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €178,520 | €51,688 | -€126,832 | -71.0% |
| Income taxes | 67/77 | €45,269 | €30,239 | -€15,030 | -33.2% |
| Profit (loss) for the period | 9904 | €133,251 | €21,449 | -€111,802 | -83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €133,251 | €21,449 | -€111,802 | -83.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.