HR SPECIALIST: 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 SPECIALIST
Largest movements
- Cash -€126,009
down €126,009 (-57.9%), from €217,808 to €91,799
mainly Other debts (-€100,000) and Net result for the year (-€32,982)
- Receivables within one year -€25,707
down €25,707 (-61.5%), from €41,810 to €16,103
of which Trade receivables: -€25,833
- Tangible fixed assets -€6,602
down €6,602 (-46.5%), from €14,191 to €7,589
of which Furniture and vehicles: -€5,449
- Financial fixed assets -€2,850
down €2,850 (-63.3%), from €4,500 to €1,650
- Other debts -€100,000
no longer reported in 2025 (was €100,000)
- Profit (loss) carried forward -€32,982
down €32,982 (-31.4%), from €104,963 to €71,981
- Tax, wage and social debts -€21,609
down €21,609 (-48.3%), from €44,774 to €23,165
of which Taxes: -€18,913
- Debts after one year -€5,669
no longer reported in 2025 (was €5,669)
- Current portion of long-term debt -€2,913
down €2,913 (-62.9%), from €4,634 to €1,722
- Gross operating margin -€100,902
down €100,902 (-68.7%), from €146,813 to €45,911
- Taxes -€11,674
down €11,674 (-50.8%), from €23,000 to €11,326
- Staff costs -€5,789
down €5,789 (-10.2%), from €57,000 to €51,212
- Financial charges +€1,749
up €1,749 (+126%), from €1,391 to €3,140
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 | €282,370 | €119,141 | -€163,229 | -57.8% |
| Fixed assets | 21/28 | €18,691 | €9,239 | -€9,452 | -50.6% |
| Tangible fixed assets | 22/27 | €14,191 | €7,589 | -€6,602 | -46.5% |
| Plant, machinery and equipment | 23 | €3,267 | €2,115 | -€1,153 | -35.3% |
| Furniture and vehicles | 24 | €10,924 | €5,474 | -€5,449 | -49.9% |
| Financial fixed assets | 28 | €4,500 | €1,650 | -€2,850 | -63.3% |
| Current assets | 29/58 | €263,678 | €109,902 | -€153,777 | -58.3% |
| Amounts receivable within one year | 40/41 | €41,810 | €16,103 | -€25,707 | -61.5% |
| Trade receivables | 40 | €41,810 | €15,977 | -€25,833 | -61.8% |
| Other amounts receivable | 41 | - | €126 | +€126 | |
| Cash at bank and in hand | 54/58 | €217,808 | €91,799 | -€126,009 | -57.9% |
| Deferred charges and accrued income | 490/1 | €4,060 | €2,000 | -€2,060 | -50.7% |
| Total equity and liabilities | 10/49 | €282,370 | €119,141 | -€163,229 | -57.8% |
| Equity | 10/15 | €106,963 | €73,981 | -€32,982 | -30.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,963 | €71,981 | -€32,982 | -31.4% |
| Amounts payable | 17/49 | €175,407 | €45,160 | -€130,247 | -74.3% |
| Amounts payable after more than one year | 17 | €5,669 | - | -€5,669 | |
| Financial debts | 170/4 | €5,669 | - | -€5,669 | |
| Amounts payable within one year | 42/48 | €169,738 | €44,750 | -€124,989 | -73.6% |
| Current portion of amounts payable after more than one year | 42 | €4,634 | €1,722 | -€2,913 | -62.9% |
| Financial debts | 43 | €5,191 | €5,503 | +€312 | +6.0% |
| Credit institutions | 430/8 | €5,191 | €5,503 | +€312 | +6.0% |
| Trade debts | 44 | €15,139 | €14,360 | -€779 | -5.1% |
| Suppliers | 440/4 | €15,139 | €14,360 | -€779 | -5.1% |
| Taxes, remuneration and social security | 45 | €44,774 | €23,165 | -€21,609 | -48.3% |
| Taxes | 450/3 | €29,759 | €10,846 | -€18,913 | -63.6% |
| Remuneration and social security | 454/9 | €15,015 | €12,319 | -€2,696 | -18.0% |
| Other amounts payable | 47/48 | €100,000 | - | -€100,000 | |
| Accrued charges and deferred income | 492/3 | - | €410 | +€410 | |
| Remuneration, social security and pensions | 62 | €57,000 | €51,212 | -€5,789 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,863 | €8,119 | +€1,255 | +18.3% |
| Other operating charges | 640/8 | €1,680 | €2,003 | +€323 | +19.2% |
| Non-recurring operating charges | 66A | - | €3,125 | +€3,125 | |
| Gross operating margin | 9900 | €146,813 | €45,911 | -€100,902 | -68.7% |
| Operating profit (loss) | 9901 | €81,269 | -€18,547 | -€99,816 | |
| Financial income | 75/76B | €11 | €32 | +€21 | +203% |
| Recurring financial income | 75 | €11 | €32 | +€21 | +203% |
| Financial charges | 65/66B | €1,391 | €3,140 | +€1,749 | +126% |
| Recurring financial charges | 65 | €1,391 | €3,140 | +€1,749 | +126% |
| Profit (loss) for the period before taxes | 9903 | €79,888 | -€21,656 | -€101,544 | |
| Income taxes | 67/77 | €23,000 | €11,326 | -€11,674 | -50.8% |
| Profit (loss) for the period | 9904 | €56,888 | -€32,982 | -€89,870 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,888 | -€32,982 | -€89,870 |
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 25 October 2026 via checked.be.