HR&Technics: 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&Technics
Largest movements
- Receivables after one year +€20,458
up €20,458 (+106.7%), from €19,176 to €39,634
- Receivables within one year +€13,093
up €13,093 (+52.6%), from €24,879 to €37,972
of which Trade receivables: +€8,751
- Other debts +€15,000
new in 2025: €15,000
- Tax, wage and social debts +€13,600
up €13,600 (+75.1%), from €18,116 to €31,716
of which Taxes: +€11,501
- Reserves +€12,200
up €12,200 (+73.9%), from €16,500 to €28,700
- Short-term financial debts -€5,138
no longer reported in 2025 (was €5,138)
- Trade debts -€2,764
down €2,764 (-77.1%), from €3,587 to €822
- Gross operating margin +€9,881
up €9,881 (+32.3%), from €30,624 to €40,505
- Taxes +€2,913
up €2,913 (+45.3%), from €6,426 to €9,339
- Financial charges -€1,073
down €1,073 (-28.9%), from €3,717 to €2,644
- Financial income +€612
up €612 (+129.2%), from €474 to €1,086
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,731 | €79,385 | +€32,655 | +69.9% |
| Fixed assets | 21/28 | €1,367 | €840 | -€527 | -38.5% |
| Tangible fixed assets | 22/27 | €1,367 | €840 | -€527 | -38.5% |
| Furniture and vehicles | 24 | €1,367 | €840 | -€527 | -38.5% |
| Current assets | 29/58 | €45,363 | €78,545 | +€33,182 | +73.1% |
| Amounts receivable after more than one year | 29 | €19,176 | €39,634 | +€20,458 | +106.7% |
| Other amounts receivable | 291 | €19,176 | €39,634 | +€20,458 | +106.7% |
| Amounts receivable within one year | 40/41 | €24,879 | €37,972 | +€13,093 | +52.6% |
| Trade receivables | 40 | €24,878 | €33,629 | +€8,751 | +35.2% |
| Other amounts receivable | 41 | €0 | €4,343 | +€4,343 | +1113479.5% |
| Cash at bank and in hand | 54/58 | - | €5 | +€5 | |
| Deferred charges and accrued income | 490/1 | €1,308 | €933 | -€375 | -28.7% |
| Total equity and liabilities | 10/49 | €46,731 | €79,385 | +€32,655 | +69.9% |
| Equity | 10/15 | €19,696 | €31,711 | +€12,015 | +61.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,500 | €28,700 | +€12,200 | +73.9% |
| Distributable reserves | 133 | €16,500 | €28,700 | +€12,200 | +73.9% |
| Profit (loss) carried forward | 14 | €196 | €11 | -€185 | -94.3% |
| Amounts payable | 17/49 | €27,034 | €47,674 | +€20,640 | +76.3% |
| Amounts payable within one year | 42/48 | €26,841 | €47,538 | +€20,697 | +77.1% |
| Financial debts | 43 | €5,138 | - | -€5,138 | |
| Credit institutions | 430/8 | €5,138 | - | -€5,138 | |
| Trade debts | 44 | €3,587 | €822 | -€2,764 | -77.1% |
| Suppliers | 440/4 | €3,587 | €822 | -€2,764 | -77.1% |
| Taxes, remuneration and social security | 45 | €18,116 | €31,716 | +€13,600 | +75.1% |
| Taxes | 450/3 | €18,116 | €29,617 | +€11,501 | +63.5% |
| Remuneration and social security | 454/9 | - | €2,099 | +€2,099 | |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Accrued charges and deferred income | 492/3 | €194 | €136 | -€58 | -29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €213 | €527 | +€314 | +147.3% |
| Other operating charges | 640/8 | €2,108 | €2,067 | -€42 | -2.0% |
| Gross operating margin | 9900 | €30,624 | €40,505 | +€9,881 | +32.3% |
| Operating profit (loss) | 9901 | €28,303 | €37,912 | +€9,609 | +34.0% |
| Financial income | 75/76B | €474 | €1,086 | +€612 | +129.2% |
| Recurring financial income | 75 | €474 | €1,086 | +€612 | +129.2% |
| Financial charges | 65/66B | €3,717 | €2,644 | -€1,073 | -28.9% |
| Recurring financial charges | 65 | €3,717 | €2,644 | -€1,073 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €25,060 | €36,354 | +€11,294 | +45.1% |
| Income taxes | 67/77 | €6,426 | €9,339 | +€2,913 | +45.3% |
| Profit (loss) for the period | 9904 | €18,634 | €27,015 | +€8,381 | +45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,634 | €27,015 | +€8,381 | +45.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.