HR Path BE: 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.
What changed
HR Path BE
NACE 62.200, Computer consultancy and computer facilities management
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€30,565
2024 · -€177,660+€208,225
Equity
-€186,554
2024 · -€217,119+€30,565
Cash
€109,790
2024 · €107,597+€2,193
Balance sheet total
€10.7m
2024 · €8.9m+€1.8m
Largest movements
Assets
- Receivables within one year +€1.9m
up €1.9m (+21.7%), from €8.6m to €10.5m
of which Trade receivables: +€1.0m
Equity and liabilities
- Trade debts +€848,013
up €848,013 (+22.4%), from €3.8m to €4.6m
- Other debts +€815,609
up €815,609 (+15.9%), from €5.1m to €5.9m
Income statement
- Financial income +€239,623
up €239,623 (+199686158.3%), from €0 to €239,624
- Taxes +€112,417
up €112,417 (+14475.9%), from €777 to €113,194
- Gross operating margin +€108,088
up €108,088 (+16.8%), from €641,554 to €749,642
- Staff costs +€15,619
up €15,619 (+2.9%), from €534,277 to €549,896
- Other operating charges +€13,882
up €13,882 (+347.7%), from €3,993 to €17,875
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.
Result 2024
-€177,660
Gross operating margin
+€108,088
Staff costs
-€15,619
Depreciation
+€2,375
Other operating charges
-€13,882
Financial income
+€239,623
Financial charges
+€56
Taxes
-€112,417
Result 2025
€30,565
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.
From operations
+€2,193
Investment
€0
Financing
€0
Cash 2024
€107,597
From operations (derived)
+€2,193
Net result for the year
+€30,565
Depreciation
+€49,042
Receivables within one year
-€1.9m
Deferred charges and accrued income
-€17,309
Trade debts
+€848,013
Tax, wage and social debts
+€87,790
Other debts
+€815,609
Accrued charges and deferred income
+€57,701
Cash 2025
€109,790
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,858,735 | €10,698,413 | +€1.8m | +20.8% |
| Fixed assets | 21/28 | €96,839 | €47,797 | -€49,042 | -50.6% |
| Intangible fixed assets | 21 | €84,561 | €36,240 | -€48,320 | -57.1% |
| Tangible fixed assets | 22/27 | €2,532 | €1,810 | -€722 | -28.5% |
| Plant, machinery and equipment | 23 | €845 | €562 | -€282 | -33.4% |
| Furniture and vehicles | 24 | €1,687 | €1,248 | -€439 | -26.0% |
| Financial fixed assets | 28 | €9,746 | €9,746 | = | 0.0% |
| Current assets | 29/58 | €8,761,896 | €10,650,616 | +€1.9m | +21.6% |
| Amounts receivable within one year | 40/41 | €8,625,868 | €10,495,086 | +€1.9m | +21.7% |
| Trade receivables | 40 | €3,168,062 | €4,212,163 | +€1.0m | +33.0% |
| Other amounts receivable | 41 | €5,457,807 | €6,282,923 | +€825,116 | +15.1% |
| Current investments | 50/53 | €9,300 | €9,300 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €107,597 | €109,790 | +€2,193 | +2.0% |
| Deferred charges and accrued income | 490/1 | €19,131 | €36,440 | +€17,309 | +90.5% |
| Total equity and liabilities | 10/49 | €8,858,735 | €10,698,413 | +€1.8m | +20.8% |
| Equity | 10/15 | -€217,119 | -€186,554 | +€30,565 | +14.1% |
| Contributions | 10/11 | €619,400 | €619,400 | = | 0.0% |
| Capital | 10 | €333,782 | €333,782 | = | 0.0% |
| Issued capital | 100 | €333,782 | €333,782 | = | 0.0% |
| Contributions outside capital | 11 | €285,618 | €285,618 | = | 0.0% |
| Share premium | 1100/10 | €285,618 | €285,618 | = | 0.0% |
| Reserves | 13 | €42,678 | €42,678 | = | 0.0% |
| Non-distributable reserves | 130/1 | €42,678 | €42,678 | = | 0.0% |
| Legal reserve | 130 | €33,378 | €33,378 | = | 0.0% |
| Own shares acquired | 1312 | €9,300 | €9,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€879,197 | -€848,633 | +€30,565 | +3.5% |
| Amounts payable | 17/49 | €9,075,854 | €10,884,967 | +€1.8m | +19.9% |
| Amounts payable within one year | 42/48 | €9,048,530 | €10,799,942 | +€1.8m | +19.4% |
| Trade debts | 44 | €3,792,381 | €4,640,394 | +€848,013 | +22.4% |
| Suppliers | 440/4 | €3,792,381 | €4,640,394 | +€848,013 | +22.4% |
| Taxes, remuneration and social security | 45 | €125,844 | €213,633 | +€87,790 | +69.8% |
| Taxes | 450/3 | €777 | €107,341 | +€106,564 | +13722.2% |
| Remuneration and social security | 454/9 | €125,067 | €106,293 | -€18,774 | -15.0% |
| Other amounts payable | 47/48 | €5,130,306 | €5,945,915 | +€815,609 | +15.9% |
| Accrued charges and deferred income | 492/3 | €27,323 | €85,025 | +€57,701 | +211.2% |
| Remuneration, social security and pensions | 62 | €534,277 | €549,896 | +€15,619 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,417 | €49,042 | -€2,375 | -4.6% |
| Other operating charges | 640/8 | €3,993 | €17,875 | +€13,882 | +347.7% |
| Gross operating margin | 9900 | €641,554 | €749,642 | +€108,088 | +16.8% |
| Operating profit (loss) | 9901 | €51,867 | €132,829 | +€80,963 | +156.1% |
| Financial income | 75/76B | €0 | €239,624 | +€239,623 | +199686158.3% |
| Recurring financial income | 75 | €0 | €239,624 | +€239,623 | +199686158.3% |
| Financial charges | 65/66B | €228,750 | €228,695 | -€56 | 0.0% |
| Recurring financial charges | 65 | €228,750 | €228,695 | -€56 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€176,883 | €143,758 | +€320,642 | |
| Income taxes | 67/77 | €777 | €113,194 | +€112,417 | +14475.9% |
| Profit (loss) for the period | 9904 | -€177,660 | €30,565 | +€208,225 | |
| Profit (loss) for the period to be appropriated | 9905 | -€177,660 | €30,565 | +€208,225 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.