HR VISION: 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 VISION
Largest movements
- Receivables within one year +€10,804
up €10,804 (+338%), from €3,200 to €14,004
of which Trade receivables: +€14,004
- Deferred charges and accrued income +€7,902
up €7,902 (+870%), from €908 to €8,810
- Cash -€3,028
down €3,028 (-5.7%), from €53,338 to €50,311
mainly Receivables within one year (-€10,804) and Deferred charges and accrued income (-€7,902)
- Tangible fixed assets -€1,592
down €1,592 (-9.7%), from €16,487 to €14,895
of which Other tangible fixed assets: -€1,989
- Reserves +€13,662
up €13,662 (+37.5%), from €36,446 to €50,108
of which Distributable reserves: +€13,662
- Debts after one year -€7,293
down €7,293 (-33.6%), from €21,682 to €14,389
- Tax, wage and social debts +€6,238
up €6,238 (+192%), from €3,254 to €9,492
of which Taxes: +€6,902
- Profit (loss) carried forward +€3,849
up €3,849, from -€3,849 to €0
- Trade debts -€3,051
down €3,051 (-100%), from €3,051 to €0
- Gross operating margin +€14,372
up €14,372 (+86.8%), from €16,567 to €30,939
- Taxes +€6,797
up €6,797 (+1,868%), from €364 to €7,161
- Financial charges +€1,421
up €1,421 (+173%), from €823 to €2,244
- Staff costs -€645
down €645 (-40.9%), from €1,579 to €934
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 | €73,933 | €88,020 | +€14,086 | +19.1% |
| Fixed assets | 21/28 | €16,487 | €14,895 | -€1,592 | -9.7% |
| Tangible fixed assets | 22/27 | €16,487 | €14,895 | -€1,592 | -9.7% |
| Plant, machinery and equipment | 23 | €692 | €1,382 | +€690 | +99.8% |
| Furniture and vehicles | 24 | €855 | €562 | -€293 | -34.3% |
| Other tangible fixed assets | 26 | €14,940 | €12,951 | -€1,989 | -13.3% |
| Current assets | 29/58 | €57,446 | €73,125 | +€15,678 | +27.3% |
| Amounts receivable within one year | 40/41 | €3,200 | €14,004 | +€10,804 | +338% |
| Trade receivables | 40 | €0 | €14,004 | +€14,004 | |
| Other amounts receivable | 41 | €3,200 | €0 | -€3,200 | -100% |
| Cash at bank and in hand | 54/58 | €53,338 | €50,311 | -€3,028 | -5.7% |
| Deferred charges and accrued income | 490/1 | €908 | €8,810 | +€7,902 | +870% |
| Total equity and liabilities | 10/49 | €73,933 | €88,020 | +€14,086 | +19.1% |
| Equity | 10/15 | €38,797 | €56,308 | +€17,511 | +45.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,446 | €50,108 | +€13,662 | +37.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €36,446 | €50,108 | +€13,662 | +37.5% |
| Profit (loss) carried forward | 14 | -€3,849 | €0 | +€3,849 | |
| Amounts payable | 17/49 | €35,136 | €31,712 | -€3,425 | -9.7% |
| Amounts payable after more than one year | 17 | €21,682 | €14,389 | -€7,293 | -33.6% |
| Financial debts | 170/4 | €21,682 | €14,389 | -€7,293 | -33.6% |
| Amounts payable within one year | 42/48 | €13,454 | €16,922 | +€3,468 | +25.8% |
| Current portion of amounts payable after more than one year | 42 | €7,149 | €7,293 | +€144 | +2.0% |
| Trade debts | 44 | €3,051 | €0 | -€3,051 | -100% |
| Suppliers | 440/4 | €3,051 | €0 | -€3,051 | -100% |
| Taxes, remuneration and social security | 45 | €3,254 | €9,492 | +€6,238 | +192% |
| Taxes | 450/3 | €2,590 | €9,492 | +€6,902 | +266% |
| Remuneration and social security | 454/9 | €664 | €0 | -€664 | -100% |
| Other amounts payable | 47/48 | - | €138 | +€138 | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Remuneration, social security and pensions | 62 | €1,579 | €934 | -€645 | -40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,703 | €2,633 | -€70 | -2.6% |
| Other operating charges | 640/8 | €926 | €667 | -€259 | -27.9% |
| Non-recurring operating charges | 66A | €14,284 | €0 | -€14,284 | -100% |
| Gross operating margin | 9900 | €16,567 | €30,939 | +€14,372 | +86.8% |
| Operating profit (loss) | 9901 | -€2,925 | €26,705 | +€29,631 | |
| Financial income | 75/76B | €263 | €210 | -€53 | -20.1% |
| Recurring financial income | 75 | €263 | €210 | -€53 | -20.1% |
| Financial charges | 65/66B | €823 | €2,244 | +€1,421 | +173% |
| Recurring financial charges | 65 | €823 | €2,244 | +€1,421 | +173% |
| Profit (loss) for the period before taxes | 9903 | -€3,485 | €24,672 | +€28,157 | |
| Income taxes | 67/77 | €364 | €7,161 | +€6,797 | +1,868% |
| Profit (loss) for the period | 9904 | -€3,849 | €17,511 | +€21,360 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,849 | €17,511 | +€21,360 |
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 17 October 2026 via checked.be.