HREA: 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.
HREA
Largest movements
- Cash +€32,987
up €32,987 (+83.2%), from €39,662 to €72,649
mainly Net result for the year (+€83,471) and Other debts (+€35,305)
- Receivables within one year +€11,848
up €11,848 (+73.8%), from €16,045 to €27,893
of which Trade receivables: +€11,848
- Tangible fixed assets -€4,455
down €4,455 (-9.1%), from €48,961 to €44,506
of which Furniture and vehicles: -€3,669
- Other debts +€35,305
up €35,305 (+50.1%), from €70,486 to €105,791
- Tax, wage and social debts +€8,493
up €8,493 (+68.2%), from €12,459 to €20,952
of which Taxes: +€8,493
- Trade debts -€2,562
down €2,562 (-78.2%), from €3,274 to €712
- Gross operating margin +€54,617
up €54,617 (+83.4%), from €65,459 to €120,077
- Taxes +€8,342
up €8,342 (+56.6%), from €14,747 to €23,089
- Depreciation +€8,151
up €8,151 (+273%), from €2,984 to €11,135
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 | €106,075 | €147,560 | +€41,485 | +39.1% |
| Fixed assets | 21/28 | €48,961 | €44,506 | -€4,455 | -9.1% |
| Tangible fixed assets | 22/27 | €48,961 | €44,506 | -€4,455 | -9.1% |
| Plant, machinery and equipment | 23 | €3,436 | €2,649 | -€787 | -22.9% |
| Furniture and vehicles | 24 | €45,525 | €41,856 | -€3,669 | -8.1% |
| Current assets | 29/58 | €57,114 | €103,054 | +€45,941 | +80.4% |
| Amounts receivable within one year | 40/41 | €16,045 | €27,893 | +€11,848 | +73.8% |
| Trade receivables | 40 | €16,045 | €27,893 | +€11,848 | +73.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €39,662 | €72,649 | +€32,987 | +83.2% |
| Deferred charges and accrued income | 490/1 | €1,408 | €2,513 | +€1,105 | +78.5% |
| Total equity and liabilities | 10/49 | €106,075 | €147,560 | +€41,485 | +39.1% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €87,475 | €128,960 | +€41,485 | +47.4% |
| Amounts payable within one year | 42/48 | €86,219 | €127,455 | +€41,236 | +47.8% |
| Trade debts | 44 | €3,274 | €712 | -€2,562 | -78.2% |
| Suppliers | 440/4 | €3,274 | €712 | -€2,562 | -78.2% |
| Taxes, remuneration and social security | 45 | €12,459 | €20,952 | +€8,493 | +68.2% |
| Taxes | 450/3 | €10,244 | €18,737 | +€8,493 | +82.9% |
| Remuneration and social security | 454/9 | €2,215 | €2,215 | = | 0.0% |
| Other amounts payable | 47/48 | €70,486 | €105,791 | +€35,305 | +50.1% |
| Accrued charges and deferred income | 492/3 | €1,256 | €1,505 | +€249 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,984 | €11,135 | +€8,151 | +273% |
| Other operating charges | 640/8 | €752 | €795 | +€43 | +5.7% |
| Gross operating margin | 9900 | €65,459 | €120,077 | +€54,617 | +83.4% |
| Operating profit (loss) | 9901 | €61,723 | €108,146 | +€46,423 | +75.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,304 | €1,586 | +€282 | +21.6% |
| Recurring financial charges | 65 | €1,304 | €1,586 | +€282 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €60,419 | €106,560 | +€46,141 | +76.4% |
| Income taxes | 67/77 | €14,747 | €23,089 | +€8,342 | +56.6% |
| Profit (loss) for the period | 9904 | €45,672 | €83,471 | +€37,799 | +82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,672 | €83,471 | +€37,799 | +82.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.