HR ROCKS: 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 ROCKS
Largest movements
- Cash -€52,820
down €52,820 (-64.9%), from €81,382 to €28,562
mainly Receivables within one year (-€37,353) and Trade debts (-€17,186)
- Receivables within one year +€37,353
up €37,353 (+294%), from €12,692 to €50,046
of which Trade receivables: +€34,024
- Intangible fixed assets +€5,639
new in 2025: €5,639
- Tangible fixed assets -€4,320
down €4,320 (-84.3%), from €5,123 to €803
- Deferred charges and accrued income +€3,335
up €3,335 (+289%), from €1,155 to €4,489
- Trade debts -€17,186
down €17,186 (-90.6%), from €18,970 to €1,784
- Profit (loss) carried forward +€6,726
up €6,726 (+10.3%), from €65,414 to €72,140
- Other debts -€4,134
down €4,134 (-31.5%), from €13,109 to €8,975
- Accrued charges and deferred income +€3,650
up €3,650, from €0 to €3,650
- Gross operating margin -€1,585
down €1,585 (-7.6%), from €20,867 to €19,282
- Depreciation +€611
up €611 (+14.1%), from €4,320 to €4,931
- Taxes +€579
up €579 (+12.9%), from €4,476 to €5,056
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 | €100,352 | €89,539 | -€10,813 | -10.8% |
| Fixed assets | 21/28 | €5,123 | €6,442 | +€1,319 | +25.8% |
| Intangible fixed assets | 21 | - | €5,639 | +€5,639 | |
| Tangible fixed assets | 22/27 | €5,123 | €803 | -€4,320 | -84.3% |
| Furniture and vehicles | 24 | €5,123 | €803 | -€4,320 | -84.3% |
| Current assets | 29/58 | €95,229 | €83,097 | -€12,132 | -12.7% |
| Amounts receivable within one year | 40/41 | €12,692 | €50,046 | +€37,353 | +294% |
| Trade receivables | 40 | €9,326 | €43,350 | +€34,024 | +365% |
| Other amounts receivable | 41 | €3,366 | €6,696 | +€3,330 | +98.9% |
| Cash at bank and in hand | 54/58 | €81,382 | €28,562 | -€52,820 | -64.9% |
| Deferred charges and accrued income | 490/1 | €1,155 | €4,489 | +€3,335 | +289% |
| Total equity and liabilities | 10/49 | €100,352 | €89,539 | -€10,813 | -10.8% |
| Equity | 10/15 | €67,914 | €74,640 | +€6,726 | +9.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,414 | €72,140 | +€6,726 | +10.3% |
| Amounts payable | 17/49 | €32,438 | €14,899 | -€17,539 | -54.1% |
| Amounts payable within one year | 42/48 | €32,438 | €11,249 | -€21,188 | -65.3% |
| Financial debts | 43 | €119 | €0 | -€119 | -100% |
| Credit institutions | 430/8 | €119 | €0 | -€119 | -100% |
| Trade debts | 44 | €18,970 | €1,784 | -€17,186 | -90.6% |
| Suppliers | 440/4 | €18,970 | €1,784 | -€17,186 | -90.6% |
| Taxes, remuneration and social security | 45 | €240 | €490 | +€250 | +104% |
| Taxes | 450/3 | €240 | €490 | +€250 | +104% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €13,109 | €8,975 | -€4,134 | -31.5% |
| Accrued charges and deferred income | 492/3 | €0 | €3,650 | +€3,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,320 | €4,931 | +€611 | +14.1% |
| Other operating charges | 640/8 | €845 | €771 | -€75 | -8.8% |
| Gross operating margin | 9900 | €20,867 | €19,282 | -€1,585 | -7.6% |
| Operating profit (loss) | 9901 | €15,702 | €13,581 | -€2,121 | -13.5% |
| Financial income | 75/76B | €0 | €9 | +€8 | +42,450% |
| Recurring financial income | 75 | €0 | €9 | +€8 | +42,450% |
| Financial charges | 65/66B | €128 | €174 | +€46 | +35.9% |
| Recurring financial charges | 65 | €128 | €174 | +€46 | +35.9% |
| Profit (loss) for the period before taxes | 9903 | €15,573 | €13,415 | -€2,158 | -13.9% |
| Income taxes | 67/77 | €4,476 | €5,056 | +€579 | +12.9% |
| Profit (loss) for the period | 9904 | €11,097 | €8,359 | -€2,738 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,097 | €8,359 | -€2,738 | -24.7% |
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 24 October 2026 via checked.be.