HrC Services: 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.
HrC Services
Largest movements
- Receivables within one year -€94,820
down €94,820 (-37.4%), from €253,865 to €159,045
of which Other amounts receivable: -€116,560
- Cash +€81,173
up €81,173 (+443.3%), from €18,311 to €99,485
mainly Net result for the year (+€99,878) and Receivables within one year (+€94,820)
- Tangible fixed assets +€11,424
up €11,424 (+97309.7%), from €12 to €11,436
of which Furniture and vehicles: +€9,633
- Reserves +€49,878
up €49,878 (+107.9%), from €46,219 to €96,097
of which Distributable reserves: +€49,878
- Trade debts -€35,805
down €35,805 (-31.4%), from €114,133 to €78,328
- Other debts -€16,279
down €16,279 (-21.9%), from €74,260 to €57,981
- Gross operating margin +€79,562
up €79,562 (+132.4%), from €60,114 to €139,676
- Taxes +€17,320
up €17,320 (+127.5%), from €13,589 to €30,909
- Financial income -€4,638
down €4,638 (-52.1%), from €8,902 to €4,264
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.
Cash bridge derived
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 | €278,189 | €276,054 | -€2,135 | -0.8% |
| Fixed assets | 21/28 | €4,962 | €16,386 | +€11,424 | +230.2% |
| Tangible fixed assets | 22/27 | €12 | €11,436 | +€11,424 | +97309.7% |
| Plant, machinery and equipment | 23 | - | €1,791 | +€1,791 | |
| Furniture and vehicles | 24 | €12 | €9,644 | +€9,633 | +82050.2% |
| Financial fixed assets | 28 | €4,950 | €4,950 | = | 0.0% |
| Current assets | 29/58 | €273,228 | €259,668 | -€13,559 | -5.0% |
| Amounts receivable within one year | 40/41 | €253,865 | €159,045 | -€94,820 | -37.4% |
| Trade receivables | 40 | €124,126 | €145,866 | +€21,740 | +17.5% |
| Other amounts receivable | 41 | €129,738 | €13,178 | -€116,560 | -89.8% |
| Cash at bank and in hand | 54/58 | €18,311 | €99,485 | +€81,173 | +443.3% |
| Deferred charges and accrued income | 490/1 | €1,051 | €1,139 | +€88 | +8.4% |
| Total equity and liabilities | 10/49 | €278,189 | €276,054 | -€2,135 | -0.8% |
| Equity | 10/15 | €64,819 | €114,697 | +€49,878 | +76.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,219 | €96,097 | +€49,878 | +107.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €44,359 | €94,237 | +€49,878 | +112.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €213,370 | €161,357 | -€52,013 | -24.4% |
| Amounts payable within one year | 42/48 | €213,370 | €161,357 | -€52,013 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | €3,820 | €3,795 | -€24 | -0.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €114,133 | €78,328 | -€35,805 | -31.4% |
| Suppliers | 440/4 | €114,133 | €78,328 | -€35,805 | -31.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €21,158 | €21,254 | +€96 | +0.5% |
| Taxes | 450/3 | €21,158 | €21,254 | +€96 | +0.5% |
| Other amounts payable | 47/48 | €74,260 | €57,981 | -€16,279 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €253 | €1,219 | +€966 | +382.3% |
| Other operating charges | 640/8 | €1,688 | €2,143 | +€455 | +27.0% |
| Gross operating margin | 9900 | €60,114 | €139,676 | +€79,562 | +132.4% |
| Operating profit (loss) | 9901 | €58,173 | €136,314 | +€78,140 | +134.3% |
| Financial income | 75/76B | €8,902 | €4,264 | -€4,638 | -52.1% |
| Recurring financial income | 75 | €8,902 | €4,264 | -€4,638 | -52.1% |
| Financial charges | 65/66B | €9,303 | €9,791 | +€488 | +5.3% |
| Recurring financial charges | 65 | €9,303 | €9,791 | +€488 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €57,773 | €130,786 | +€73,014 | +126.4% |
| Income taxes | 67/77 | €13,589 | €30,909 | +€17,320 | +127.5% |
| Profit (loss) for the period | 9904 | €44,184 | €99,878 | +€55,694 | +126.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,184 | €99,878 | +€55,694 | +126.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.