HR Pay Solutions: 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 Pay Solutions
Largest movements
- Cash +€21.5m
up €21.5m (+2,529%), from €850,040 to €22.3m
mainly Other debts (+€10.0m) and Receivables within one year (+€9.1m)
- Receivables within one year -€9.1m
down €9.1m (-90.3%), from €10.0m to €968,803
of which Other amounts receivable: -€9.5m
- Other debts +€10.0m
new in 2025: €10.0m
- Contributions +€5.0m
up €5.0m (+47.6%), from €10.5m to €15.5m
- Profit (loss) carried forward -€2.8m
down €2.8m, from €60,632 to -€2.7m
- Gross operating margin -€1.8m
down €1.8m (-404%), from -€455,738 to -€2.3m
- Staff costs +€688,501
new in 2025: €688,501
- Financial income -€305,940
down €305,940 (-56.4%), from €542,796 to €236,856
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 | €10,884,889 | €23,374,963 | +€12.5m | +115% |
| Current assets | 29/58 | €10,884,889 | €23,374,963 | +€12.5m | +115% |
| Amounts receivable within one year | 40/41 | €10,034,711 | €968,803 | -€9.1m | -90.3% |
| Trade receivables | 40 | - | €437,333 | +€437,333 | |
| Other amounts receivable | 41 | €10,034,711 | €531,470 | -€9.5m | -94.7% |
| Cash at bank and in hand | 54/58 | €850,040 | €22,344,186 | +€21.5m | +2,529% |
| Deferred charges and accrued income | 490/1 | €138 | €61,974 | +€61,836 | +44,809% |
| Total equity and liabilities | 10/49 | €10,884,889 | €23,374,963 | +€12.5m | +115% |
| Equity | 10/15 | €10,563,823 | €12,804,259 | +€2.2m | +21.2% |
| Contributions | 10/11 | €10,500,000 | €15,500,000 | +€5.0m | +47.6% |
| Capital | 10 | €10,500,000 | €15,500,000 | +€5.0m | +47.6% |
| Issued capital | 100 | €10,500,000 | €15,500,000 | +€5.0m | +47.6% |
| Reserves | 13 | €3,191 | €3,191 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,191 | €3,191 | = | 0.0% |
| Legal reserve | 130 | €3,191 | €3,191 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,632 | -€2,698,932 | -€2.8m | |
| Amounts payable | 17/49 | €321,066 | €10,570,704 | +€10.2m | +3,192% |
| Amounts payable within one year | 42/48 | €321,066 | €10,570,704 | +€10.2m | +3,192% |
| Trade debts | 44 | €299,792 | €369,957 | +€70,165 | +23.4% |
| Suppliers | 440/4 | €299,792 | €369,957 | +€70,165 | +23.4% |
| Taxes, remuneration and social security | 45 | €21,274 | €200,709 | +€179,435 | +843% |
| Taxes | 450/3 | €21,274 | €24,228 | +€2,954 | +13.9% |
| Remuneration and social security | 454/9 | - | €176,481 | +€176,481 | |
| Other amounts payable | 47/48 | - | €10,000,038 | +€10.0m | |
| Remuneration, social security and pensions | 62 | - | €688,501 | +€688,501 | |
| Other operating charges | 640/8 | €1,300 | €1,111 | -€189 | -14.5% |
| Gross operating margin | 9900 | -€455,738 | -€2,297,561 | -€1.8m | -404% |
| Operating profit (loss) | 9901 | -€457,038 | -€2,987,173 | -€2.5m | -554% |
| Financial income | 75/76B | €542,796 | €236,856 | -€305,940 | -56.4% |
| Recurring financial income | 75 | €542,796 | €236,856 | -€305,940 | -56.4% |
| Financial charges | 65/66B | €660 | €7,277 | +€6,617 | +1,003% |
| Recurring financial charges | 65 | €660 | €7,277 | +€6,617 | +1,003% |
| Profit (loss) for the period before taxes | 9903 | €85,098 | -€2,757,594 | -€2.8m | |
| Income taxes | 67/77 | €21,274 | €1,970 | -€19,304 | -90.7% |
| Profit (loss) for the period | 9904 | €63,824 | -€2,759,564 | -€2.8m | |
| Profit (loss) for the period to be appropriated | 9905 | €63,824 | -€2,759,564 | -€2.8m |
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 31 October 2026 via checked.be.