HR Transform and Optimize for Performance: 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 Transform and Optimize for Performance
Largest movements
- Tangible fixed assets -€18,471
down €18,471 (-5.2%), from €351,972 to €333,501
of which Land and buildings: -€9,816
- Receivables within one year -€4,448
down €4,448 (-9.0%), from €49,184 to €44,736
of which Other amounts receivable: -€3,491
- Debts after one year -€51,547
down €51,547 (-74.3%), from €69,334 to €17,788
- Reserves +€18,150
up €18,150 (+12.8%), from €141,315 to €159,465
of which Distributable reserves: +€18,150
- Trade debts +€10,930
up €10,930 (+149.6%), from €7,304 to €18,234
- Profit (loss) carried forward -€4,443
down €4,443 (-4.2%), from €106,018 to €101,575
- Gross operating margin -€91,379
down €91,379 (-59.7%), from €152,951 to €61,573
- Taxes -€31,163
down €31,163 (-70.3%), from €44,356 to €13,192
- Financial charges -€2,725
down €2,725 (-29.8%), from €9,134 to €6,409
- Depreciation -€2,294
down €2,294 (-11.0%), from €20,765 to €18,471
- Other operating charges +€1,753
up €1,753 (+48.7%), from €3,596 to €5,348
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 | €413,961 | €388,277 | -€25,684 | -6.2% |
| Fixed assets | 21/28 | €352,012 | €333,541 | -€18,471 | -5.2% |
| Tangible fixed assets | 22/27 | €351,972 | €333,501 | -€18,471 | -5.2% |
| Land and buildings | 22 | €337,315 | €327,500 | -€9,816 | -2.9% |
| Furniture and vehicles | 24 | €14,657 | €6,002 | -€8,655 | -59.1% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €61,948 | €54,736 | -€7,213 | -11.6% |
| Amounts receivable within one year | 40/41 | €49,184 | €44,736 | -€4,448 | -9.0% |
| Trade receivables | 40 | €957 | - | -€957 | |
| Other amounts receivable | 41 | €48,227 | €44,736 | -€3,491 | -7.2% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,764 | - | -€2,764 | |
| Total equity and liabilities | 10/49 | €413,961 | €388,277 | -€25,684 | -6.2% |
| Equity | 10/15 | €265,933 | €279,640 | +€13,707 | +5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €141,315 | €159,465 | +€18,150 | +12.8% |
| 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 | €139,455 | €157,605 | +€18,150 | +13.0% |
| Profit (loss) carried forward | 14 | €106,018 | €101,575 | -€4,443 | -4.2% |
| Amounts payable | 17/49 | €148,028 | €108,637 | -€39,391 | -26.6% |
| Amounts payable after more than one year | 17 | €69,334 | €17,788 | -€51,547 | -74.3% |
| Financial debts | 170/4 | €69,334 | €17,788 | -€51,547 | -74.3% |
| Amounts payable within one year | 42/48 | €78,693 | €90,849 | +€12,156 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €48,926 | €51,547 | +€2,621 | +5.4% |
| Financial debts | 43 | - | €707 | +€707 | |
| Credit institutions | 430/8 | - | €707 | +€707 | |
| Trade debts | 44 | €7,304 | €18,234 | +€10,930 | +149.6% |
| Suppliers | 440/4 | €7,304 | €18,234 | +€10,930 | +149.6% |
| Taxes, remuneration and social security | 45 | €22,464 | €20,362 | -€2,102 | -9.4% |
| Taxes | 450/3 | €22,464 | €20,362 | -€2,102 | -9.4% |
| Non-recurring operating income | 76A | €78,000 | €20,000 | -€58,000 | -74.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,765 | €18,471 | -€2,294 | -11.0% |
| Other operating charges | 640/8 | €3,596 | €5,348 | +€1,753 | +48.7% |
| Gross operating margin | 9900 | €152,951 | €61,573 | -€91,379 | -59.7% |
| Operating profit (loss) | 9901 | €128,590 | €37,753 | -€90,837 | -70.6% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €9,134 | €6,409 | -€2,725 | -29.8% |
| Recurring financial charges | 65 | €9,134 | €6,409 | -€2,725 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €119,466 | €31,344 | -€88,122 | -73.8% |
| Income taxes | 67/77 | €44,356 | €13,192 | -€31,163 | -70.3% |
| Profit (loss) for the period | 9904 | €75,110 | €18,152 | -€56,958 | -75.8% |
| Profit (loss) for the period to be appropriated | 9905 | €75,110 | €18,152 | -€56,958 | -75.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.