HR2-GROUP: 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.
HR2-GROUP
Largest movements
- Cash +€199,042
up €199,042 (+191%), from €104,241 to €303,283
mainly Net result for the year (+€104,560) and Provisions (+€39,232)
- Tangible fixed assets -€44,724
down €44,724 (-19.7%), from €226,586 to €181,862
of which Land and buildings: -€43,936
- Reserves +€117,695
up €117,695 (+234%), from €50,222 to €167,917
- Provisions +€39,232
up €39,232 (+139%), from €28,242 to €67,473
- Profit (loss) carried forward -€13,135
down €13,135 (-5.4%), from -€242,609 to -€255,744
- Trade debts +€8,078
up €8,078 (+44.1%), from €18,310 to €26,389
- Gross operating margin +€165,230
up €165,230, from -€6,630 to €158,600
- Financial charges -€3,645
down €3,645 (-99.1%), from €3,680 to €35
of which Financial charges: -€3,646
- Taxes -€2,180
down €2,180 (-93.6%), from €2,329 to €149
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €413,785 | €563,544 | +€149,759 | +36.2% |
| Fixed assets | 21/28 | €226,754 | €182,030 | -€44,724 | -19.7% |
| Tangible fixed assets | 22/27 | €226,586 | €181,862 | -€44,724 | -19.7% |
| Land and buildings | 22 | €225,011 | €181,075 | -€43,936 | -19.5% |
| Furniture and vehicles | 24 | €1,575 | €788 | -€788 | -50.0% |
| Financial fixed assets | 28 | €168 | €168 | = | 0.0% |
| Current assets | 29/58 | €187,031 | €381,514 | +€194,483 | +104% |
| Amounts receivable within one year | 40/41 | €82,790 | €78,231 | -€4,559 | -5.5% |
| Trade receivables | 40 | €70,147 | €63,250 | -€6,897 | -9.8% |
| Other amounts receivable | 41 | €12,643 | €14,981 | +€2,338 | +18.5% |
| Cash at bank and in hand | 54/58 | €104,241 | €303,283 | +€199,042 | +191% |
| Total equity and liabilities | 10/49 | €413,785 | €563,544 | +€149,759 | +36.2% |
| Equity | 10/15 | -€68,440 | €36,120 | +€104,560 | |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €50,222 | €167,917 | +€117,695 | +234% |
| Tax-exempt reserves | 132 | €50,222 | €167,917 | +€117,695 | +234% |
| Profit (loss) carried forward | 14 | -€242,609 | -€255,744 | -€13,135 | -5.4% |
| Provisions and deferred taxes | 16 | €28,242 | €67,473 | +€39,232 | +139% |
| Deferred taxes | 168 | €28,242 | €67,473 | +€39,232 | +139% |
| Amounts payable | 17/49 | €453,983 | €459,951 | +€5,967 | +1.3% |
| Amounts payable within one year | 42/48 | €453,983 | €459,951 | +€5,967 | +1.3% |
| Trade debts | 44 | €18,310 | €26,389 | +€8,078 | +44.1% |
| Suppliers | 440/4 | €18,310 | €26,389 | +€8,078 | +44.1% |
| Taxes, remuneration and social security | 45 | €4,313 | €3,819 | -€495 | -11.5% |
| Taxes | 450/3 | €4,313 | €3,819 | -€495 | -11.5% |
| Other amounts payable | 47/48 | €431,360 | €429,744 | -€1,616 | -0.4% |
| Non-recurring operating income | 76A | - | €172,415 | +€172,415 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,139 | €12,139 | = | 0.0% |
| Other operating charges | 640/8 | €2,296 | €2,485 | +€189 | +8.2% |
| Non-recurring operating charges | 66A | €348 | - | -€348 | |
| Gross operating margin | 9900 | -€6,630 | €158,600 | +€165,230 | |
| Operating profit (loss) | 9901 | -€21,413 | €143,976 | +€165,389 | |
| Financial charges | 65/66B | €3,680 | €35 | -€3,645 | -99.1% |
| Recurring financial charges | 65 | €3,680 | €34 | -€3,646 | -99.1% |
| Non-recurring financial charges | 66B | - | €1 | +€1 | |
| Profit (loss) for the period before taxes | 9903 | -€25,093 | €143,941 | +€169,034 | |
| Transfer from deferred taxes | 780 | €3,872 | €3,872 | = | 0.0% |
| Transfer to deferred taxes | 680 | - | €43,104 | +€43,104 | |
| Income taxes | 67/77 | €2,329 | €149 | -€2,180 | -93.6% |
| Profit (loss) for the period | 9904 | -€23,550 | €104,560 | +€128,110 | |
| Transfer from tax-exempt reserves | 789 | €11,616 | €11,616 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €129,311 | +€129,311 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,933 | -€13,135 | -€1,201 | -10.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2022 and 31 March 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.