HR2O: 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.
HR2O
Largest movements
- Tangible fixed assets -€583
down €583 (-2.6%), from €22,833 to €22,250
- Profit (loss) carried forward -€712
down €712 (-2.1%), from -€34,050 to -€34,763
- Trade debts +€479
new in 2024: €479
- Other debts -€350
down €350 (-1.7%), from €21,029 to €20,679
- Taxes -€13,106
no longer reported in 2024 (was €13,106)
- Gross operating margin -€479
down €479, from €350 to -€129
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,833 | €22,250 | -€583 | -2.6% |
| Fixed assets | 21/28 | €22,833 | €22,250 | -€583 | -2.6% |
| Tangible fixed assets | 22/27 | €22,833 | €22,250 | -€583 | -2.6% |
| Land and buildings | 22 | €22,833 | €22,250 | -€583 | -2.6% |
| Total equity and liabilities | 10/49 | €22,833 | €22,250 | -€583 | -2.6% |
| Equity | 10/15 | -€14,165 | -€14,877 | -€712 | -5.0% |
| Contributions | 10/11 | €19,885 | €19,885 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,050 | -€34,763 | -€712 | -2.1% |
| Amounts payable | 17/49 | €36,999 | €37,128 | +€129 | +0.3% |
| Amounts payable within one year | 42/48 | €36,999 | €37,128 | +€129 | +0.3% |
| Trade debts | 44 | - | €479 | +€479 | |
| Suppliers | 440/4 | - | €479 | +€479 | |
| Taxes, remuneration and social security | 45 | €15,970 | €15,970 | = | 0.0% |
| Taxes | 450/3 | €15,970 | €15,970 | = | 0.0% |
| Other amounts payable | 47/48 | €21,029 | €20,679 | -€350 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €583 | €583 | = | 0.0% |
| Gross operating margin | 9900 | €350 | -€129 | -€479 | |
| Operating profit (loss) | 9901 | -€233 | -€712 | -€479 | -205.2% |
| Profit (loss) for the period before taxes | 9903 | -€233 | -€712 | -€479 | -205.2% |
| Income taxes | 67/77 | €13,106 | - | -€13,106 | |
| Profit (loss) for the period | 9904 | -€13,339 | -€712 | +€12,627 | +94.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,339 | -€712 | +€12,627 | +94.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.