HRB: 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.
HRB
Largest movements
- Cash +€20,127
up €20,127 (+30.6%), from €65,785 to €85,912
mainly Net result for the year (+€34,554) and Tax, wage and social debts (+€24,433)
- Reserves +€34,554
up €34,554 (+49.4%), from €69,969 to €104,523
- Debts after one year -€27,651
down €27,651 (-23.7%), from €116,628 to €88,976
- Tax, wage and social debts +€24,433
up €24,433 (+83.2%), from €29,362 to €53,795
of which Taxes: +€24,433
- Gross operating margin +€9,479
up €9,479 (+15.1%), from €62,954 to €72,433
- Taxes +€2,760
up €2,760 (+24.9%), from €11,100 to €13,861
- Other operating charges +€1,155
up €1,155 (+298%), from €387 to €1,543
- Financial charges -€993
down €993 (-4.2%), from €23,468 to €22,475
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 | €976,012 | €1,003,336 | +€27,325 | +2.8% |
| Fixed assets | 21/28 | €885,700 | €885,700 | = | 0.0% |
| Financial fixed assets | 28 | €885,700 | €885,700 | = | 0.0% |
| Current assets | 29/58 | €90,312 | €117,636 | +€27,325 | +30.3% |
| Amounts receivable within one year | 40/41 | €24,527 | €25,302 | +€775 | +3.2% |
| Trade receivables | 40 | €24,527 | €25,302 | +€775 | +3.2% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €65,785 | €85,912 | +€20,127 | +30.6% |
| Deferred charges and accrued income | 490/1 | - | €6,423 | +€6,423 | |
| Total equity and liabilities | 10/49 | €976,012 | €1,003,336 | +€27,325 | +2.8% |
| Equity | 10/15 | €89,969 | €124,523 | +€34,554 | +38.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €69,969 | €104,523 | +€34,554 | +49.4% |
| Distributable reserves | 133 | €69,969 | €104,523 | +€34,554 | +49.4% |
| Amounts payable | 17/49 | €886,043 | €878,813 | -€7,230 | -0.8% |
| Amounts payable after more than one year | 17 | €116,628 | €88,976 | -€27,651 | -23.7% |
| Financial debts | 170/4 | €116,628 | €88,976 | -€27,651 | -23.7% |
| Amounts payable within one year | 42/48 | €747,669 | €768,803 | +€21,133 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €26,704 | €27,651 | +€948 | +3.5% |
| Trade debts | 44 | €4,814 | €512 | -€4,302 | -89.4% |
| Suppliers | 440/4 | €4,814 | €512 | -€4,302 | -89.4% |
| Taxes, remuneration and social security | 45 | €29,362 | €53,795 | +€24,433 | +83.2% |
| Taxes | 450/3 | €23,687 | €48,120 | +€24,433 | +103% |
| Remuneration and social security | 454/9 | €5,675 | €5,675 | = | 0.0% |
| Other amounts payable | 47/48 | €686,789 | €686,845 | +€55 | 0.0% |
| Accrued charges and deferred income | 492/3 | €21,746 | €21,034 | -€711 | -3.3% |
| Other operating charges | 640/8 | €387 | €1,543 | +€1,155 | +298% |
| Gross operating margin | 9900 | €62,954 | €72,433 | +€9,479 | +15.1% |
| Operating profit (loss) | 9901 | €62,566 | €70,890 | +€8,324 | +13.3% |
| Financial charges | 65/66B | €23,468 | €22,475 | -€993 | -4.2% |
| Recurring financial charges | 65 | €23,468 | €22,475 | -€993 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €39,098 | €48,415 | +€9,316 | +23.8% |
| Income taxes | 67/77 | €11,100 | €13,861 | +€2,760 | +24.9% |
| Profit (loss) for the period | 9904 | €27,998 | €34,554 | +€6,556 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,998 | €34,554 | +€6,556 | +23.4% |
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 24 October 2026 via checked.be.