HR2TT2: 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.
HR2TT2
Largest movements
- Cash -€22,320
down €22,320 (-16.4%), from €135,760 to €113,440
mainly Contributions, distributions and other (-€68,369) and Tax, wage and social debts (-€11,852)
- Receivables within one year -€12,751
down €12,751 (-69.8%), from €18,281 to €5,529
of which Trade receivables: -€16,400
- Deferred charges and accrued income +€5,209
up €5,209 (+2,167%), from €240 to €5,450
- Reserves -€26,324
down €26,324 (-20.5%), from €128,112 to €101,788
- Tax, wage and social debts -€11,852
down €11,852 (-51.4%), from €23,056 to €11,204
- Trade debts +€4,754
up €4,754 (+1,283%), from €371 to €5,125
- Other debts +€3,369
up €3,369 (+5.2%), from €65,000 to €68,369
- Gross operating margin -€34,244
down €34,244 (-34.8%), from €98,533 to €64,289
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 | €219,734 | €190,122 | -€29,612 | -13.5% |
| Fixed assets | 21/28 | €6,689 | €6,689 | = | 0.0% |
| Tangible fixed assets | 22/27 | €6,689 | €6,689 | = | 0.0% |
| Furniture and vehicles | 24 | €6,689 | - | -€6,689 | |
| Other tangible fixed assets | 26 | - | €6,689 | +€6,689 | |
| Current assets | 29/58 | €213,045 | €183,433 | -€29,612 | -13.9% |
| Amounts receivable within one year | 40/41 | €18,281 | €5,529 | -€12,751 | -69.8% |
| Trade receivables | 40 | €16,400 | - | -€16,400 | |
| Other amounts receivable | 41 | €1,881 | €5,529 | +€3,649 | +194% |
| Current investments | 50/53 | €58,764 | €59,014 | +€250 | +0.4% |
| Cash at bank and in hand | 54/58 | €135,760 | €113,440 | -€22,320 | -16.4% |
| Deferred charges and accrued income | 490/1 | €240 | €5,450 | +€5,209 | +2,167% |
| Total equity and liabilities | 10/49 | €219,734 | €190,122 | -€29,612 | -13.5% |
| Equity | 10/15 | €131,112 | €104,788 | -€26,324 | -20.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €128,112 | €101,788 | -€26,324 | -20.5% |
| Distributable reserves | 133 | €128,112 | €101,788 | -€26,324 | -20.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €88,622 | €85,334 | -€3,288 | -3.7% |
| Amounts payable within one year | 42/48 | €88,457 | €85,169 | -€3,288 | -3.7% |
| Financial debts | 43 | €30 | €471 | +€441 | +1,472% |
| Credit institutions | 430/8 | - | €471 | +€471 | |
| Other loans | 439 | €30 | - | -€30 | |
| Trade debts | 44 | €371 | €5,125 | +€4,754 | +1,283% |
| Suppliers | 440/4 | €371 | €5,125 | +€4,754 | +1,283% |
| Taxes, remuneration and social security | 45 | €23,056 | €11,204 | -€11,852 | -51.4% |
| Taxes | 450/3 | €23,056 | €11,204 | -€11,852 | -51.4% |
| Other amounts payable | 47/48 | €65,000 | €68,369 | +€3,369 | +5.2% |
| Accrued charges and deferred income | 492/3 | €165 | €165 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152 | - | -€152 | |
| Other operating charges | 640/8 | €47 | €440 | +€393 | +839% |
| Gross operating margin | 9900 | €98,533 | €64,289 | -€34,244 | -34.8% |
| Operating profit (loss) | 9901 | €98,334 | €63,849 | -€34,486 | -35.1% |
| Financial income | 75/76B | €156 | €534 | +€378 | +242% |
| Recurring financial income | 75 | €156 | €534 | +€378 | +242% |
| Financial charges | 65/66B | €1,269 | €898 | -€371 | -29.2% |
| Recurring financial charges | 65 | €1,269 | €898 | -€371 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €97,222 | €63,485 | -€33,737 | -34.7% |
| Income taxes | 67/77 | €20,883 | €21,439 | +€556 | +2.7% |
| Profit (loss) for the period | 9904 | €76,339 | €42,045 | -€34,294 | -44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €76,339 | €42,045 | -€34,294 | -44.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.