HR SOLUTIONS: what changed
Two fiscal 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 SOLUTIONS
Largest movements
- Financial fixed assets +€430,127
up €430,127 (+34.9%), from €1.2m to €1.7m
- Cash -€72,339
down €72,339 (-50.3%), from €143,842 to €71,503
mainly Investment in fixed assets (net) (-€430,127) and Debts after one year (-€163,813)
- Other debts +€384,255
up €384,255 (+386.3%), from €99,480 to €483,735
- Debts after one year -€163,813
down €163,813 (-15.9%), from €1.0m to €866,739
- Profit (loss) carried forward +€137,284
up €137,284 (+58.2%), from -€236,057 to -€98,773
- Financial charges -€324,547
down €324,547 (-90.6%), from €358,220 to €33,673
- Financial income +€117,241
up €117,241 (+106.0%), from €110,574 to €227,815
of which Financial income: +€140,140
- Other operating charges +€79,051
up €79,051 (+4544.4%), from €1,740 to €80,791
- Taxes -€29,062
down €29,062 (-98.8%), from €29,416 to €354
- Gross operating margin -€20,146
down €20,146 (-37.6%), from €53,540 to €33,394
From the 31-03-2025 result to the 31-12-2025 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.
Cash bridge derived
Derived from the 31-03-2025 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-03-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,820,894 | €2,170,363 | +€349,469 | +19.2% |
| Fixed assets | 21/28 | €1,246,670 | €1,667,689 | +€421,020 | +33.8% |
| Tangible fixed assets | 22/27 | €15,697 | €6,589 | -€9,107 | -58.0% |
| Furniture and vehicles | 24 | €15,697 | €6,589 | -€9,107 | -58.0% |
| Financial fixed assets | 28 | €1,230,973 | €1,661,100 | +€430,127 | +34.9% |
| Current assets | 29/58 | €574,224 | €502,673 | -€71,551 | -12.5% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €34,301 | €25,584 | -€8,716 | -25.4% |
| Trade receivables | 40 | €8,716 | €0 | -€8,716 | -100.0% |
| Other amounts receivable | 41 | €25,584 | €25,584 | = | 0.0% |
| Current investments | 50/53 | €292,047 | €304,797 | +€12,750 | +4.4% |
| Cash at bank and in hand | 54/58 | €143,842 | €71,503 | -€72,339 | -50.3% |
| Deferred charges and accrued income | 490/1 | €4,035 | €788 | -€3,246 | -80.5% |
| Total equity and liabilities | 10/49 | €1,820,894 | €2,170,363 | +€349,469 | +19.2% |
| Equity | 10/15 | €449,973 | €587,257 | +€137,284 | +30.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €679,830 | €679,830 | = | 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 | €677,970 | €677,970 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€236,057 | -€98,773 | +€137,284 | +58.2% |
| Amounts payable | 17/49 | €1,370,921 | €1,583,106 | +€212,185 | +15.5% |
| Amounts payable after more than one year | 17 | €1,030,552 | €866,739 | -€163,813 | -15.9% |
| Financial debts | 170/4 | €1,030,552 | €866,739 | -€163,813 | -15.9% |
| Amounts payable within one year | 42/48 | €340,369 | €716,367 | +€375,998 | +110.5% |
| Current portion of amounts payable after more than one year | 42 | €211,743 | €217,454 | +€5,712 | +2.7% |
| Financial debts | 43 | €18,631 | €0 | -€18,631 | -100.0% |
| Credit institutions | 430/8 | €18,631 | €0 | -€18,631 | -100.0% |
| Trade debts | 44 | €1,461 | €1,905 | +€443 | +30.3% |
| Suppliers | 440/4 | €1,461 | €1,905 | +€443 | +30.3% |
| Taxes, remuneration and social security | 45 | €9,054 | €13,273 | +€4,218 | +46.6% |
| Taxes | 450/3 | €9,054 | €13,273 | +€4,218 | +46.6% |
| Other amounts payable | 47/48 | €99,480 | €483,735 | +€384,255 | +386.3% |
| Remuneration, social security and pensions | 62 | €300 | €0 | -€300 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,496 | €9,107 | -€1,389 | -13.2% |
| Other operating charges | 640/8 | €1,740 | €80,791 | +€79,051 | +4544.4% |
| Gross operating margin | 9900 | €53,540 | €33,394 | -€20,146 | -37.6% |
| Operating profit (loss) | 9901 | €41,004 | -€56,504 | -€97,508 | |
| Financial income | 75/76B | €110,574 | €227,815 | +€117,241 | +106.0% |
| Recurring financial income | 75 | €87,675 | €227,815 | +€140,140 | +159.8% |
| Non-recurring financial income | 76B | €22,900 | €0 | -€22,900 | -100.0% |
| Financial charges | 65/66B | €358,220 | €33,673 | -€324,547 | -90.6% |
| Recurring financial charges | 65 | €358,220 | €33,673 | -€324,547 | -90.6% |
| Profit (loss) for the period before taxes | 9903 | -€206,641 | €137,638 | +€344,279 | |
| Income taxes | 67/77 | €29,416 | €354 | -€29,062 | -98.8% |
| Profit (loss) for the period | 9904 | -€236,057 | €137,284 | +€373,341 | |
| Profit (loss) for the period to be appropriated | 9905 | -€236,057 | €137,284 | +€373,341 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.