HREvolution: 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.
HREvolution
Largest movements
- Tangible fixed assets -€14,658
down €14,658 (-66.9%), from €21,900 to €7,243
of which Furniture and vehicles: -€14,288
- Receivables within one year -€4,842
down €4,842 (-100.0%), from €4,842 to €0
- Cash +€1,828
up €1,828 (+20.1%), from €9,079 to €10,907
mainly Depreciation (+€14,658) and Net result for the year (+€5,721)
- Other debts -€27,403
down €27,403 (-36.3%), from €75,408 to €48,004
- Profit (loss) carried forward +€5,721
up €5,721 (+10.0%), from -€57,148 to -€51,427
- Tax, wage and social debts +€2,823
up €2,823 (+169.8%), from €1,662 to €4,485
of which Taxes: +€2,823
- Trade debts +€1,225
up €1,225, from €0 to €1,225
- Gross operating margin +€43,828
up €43,828, from -€22,582 to €21,246
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 | €46,387 | €28,753 | -€17,634 | -38.0% |
| Fixed assets | 21/28 | €31,900 | €17,243 | -€14,658 | -45.9% |
| Tangible fixed assets | 22/27 | €21,900 | €7,243 | -€14,658 | -66.9% |
| Plant, machinery and equipment | 23 | €567 | €197 | -€370 | -65.3% |
| Furniture and vehicles | 24 | €21,334 | €7,046 | -€14,288 | -67.0% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €14,487 | €11,510 | -€2,977 | -20.5% |
| Amounts receivable within one year | 40/41 | €4,842 | €0 | -€4,842 | -100.0% |
| Other amounts receivable | 41 | €4,842 | €0 | -€4,842 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,079 | €10,907 | +€1,828 | +20.1% |
| Deferred charges and accrued income | 490/1 | €566 | €604 | +€37 | +6.6% |
| Total equity and liabilities | 10/49 | €46,387 | €28,753 | -€17,634 | -38.0% |
| Equity | 10/15 | -€31,682 | -€25,961 | +€5,721 | +18.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €13,066 | €13,066 | = | 0.0% |
| Distributable reserves | 133 | €13,066 | €13,066 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,148 | -€51,427 | +€5,721 | +10.0% |
| Amounts payable | 17/49 | €78,069 | €54,714 | -€23,356 | -29.9% |
| Amounts payable within one year | 42/48 | €77,069 | €53,714 | -€23,356 | -30.3% |
| Trade debts | 44 | €0 | €1,225 | +€1,225 | |
| Suppliers | 440/4 | €0 | €1,225 | +€1,225 | |
| Taxes, remuneration and social security | 45 | €1,662 | €4,485 | +€2,823 | +169.8% |
| Taxes | 450/3 | €1,662 | €4,485 | +€2,823 | +169.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €75,408 | €48,004 | -€27,403 | -36.3% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,658 | €14,658 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €475 | +€87 | +22.6% |
| Gross operating margin | 9900 | -€22,582 | €21,246 | +€43,828 | |
| Operating profit (loss) | 9901 | -€37,627 | €6,114 | +€43,741 | |
| Financial income | 75/76B | €87 | €10 | -€76 | -87.9% |
| Recurring financial income | 75 | €87 | €10 | -€76 | -87.9% |
| Financial charges | 65/66B | €228 | €164 | -€64 | -28.1% |
| Recurring financial charges | 65 | €228 | €164 | -€64 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | -€37,768 | €5,960 | +€43,729 | |
| Income taxes | 67/77 | €261 | €239 | -€22 | -8.5% |
| Profit (loss) for the period | 9904 | -€38,030 | €5,721 | +€43,751 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,030 | €5,721 | +€43,751 |
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 3 October 2026 via checked.be.