HRI: 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.
HRI
Largest movements
- Current investments +€160,000
up €160,000 (+47.1%), from €340,000 to €500,000
- Cash -€120,859
down €120,859 (-57.3%), from €210,907 to €90,048
mainly Contributions, distributions and other (-€400,000) and Current investments (-€160,000)
- Other debts +€195,614
up €195,614 (+65.4%), from €298,980 to €494,594
- Profit (loss) carried forward -€164,409
down €164,409 (-14.1%), from €1.2m to €1.0m
- Financial income -€6,820
down €6,820 (-3.2%), from €210,807 to €203,987
- Financial charges -€4,658
down €4,658 (-50.3%), from €9,252 to €4,594
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 | €1,489,829 | €1,517,737 | +€27,908 | +1.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €900,180 | €900,180 | = | 0.0% |
| Financial fixed assets | 28 | €900,180 | €900,180 | = | 0.0% |
| Current assets | 29/58 | €589,649 | €617,557 | +€27,908 | +4.7% |
| Amounts receivable within one year | 40/41 | €29,345 | €25,485 | -€3,860 | -13.2% |
| Trade receivables | 40 | €15 | - | -€15 | |
| Other amounts receivable | 41 | €29,330 | €25,485 | -€3,845 | -13.1% |
| Current investments | 50/53 | €340,000 | €500,000 | +€160,000 | +47.1% |
| Cash at bank and in hand | 54/58 | €210,907 | €90,048 | -€120,859 | -57.3% |
| Deferred charges and accrued income | 490/1 | €9,397 | €2,024 | -€7,373 | -78.5% |
| Total equity and liabilities | 10/49 | €1,489,829 | €1,517,737 | +€27,908 | +1.9% |
| Equity | 10/15 | €1,184,496 | €1,020,087 | -€164,409 | -13.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,164,896 | €1,000,487 | -€164,409 | -14.1% |
| Amounts payable | 17/49 | €305,333 | €497,650 | +€192,317 | +63.0% |
| Amounts payable within one year | 42/48 | €302,541 | €497,098 | +€194,556 | +64.3% |
| Trade debts | 44 | €1,327 | €116 | -€1,211 | -91.2% |
| Suppliers | 440/4 | €1,327 | €116 | -€1,211 | -91.2% |
| Taxes, remuneration and social security | 45 | €2,234 | €2,387 | +€153 | +6.9% |
| Taxes | 450/3 | €2,166 | €2,320 | +€153 | +7.1% |
| Remuneration and social security | 454/9 | €68 | €68 | = | 0.0% |
| Other amounts payable | 47/48 | €298,980 | €494,594 | +€195,614 | +65.4% |
| Accrued charges and deferred income | 492/3 | €2,792 | €552 | -€2,240 | -80.2% |
| Other operating charges | 640/8 | €1,042 | €1,074 | +€32 | +3.1% |
| Gross operating margin | 9900 | €46,414 | €46,541 | +€127 | +0.3% |
| Operating profit (loss) | 9901 | €45,372 | €45,468 | +€95 | +0.2% |
| Financial income | 75/76B | €210,807 | €203,987 | -€6,820 | -3.2% |
| Recurring financial income | 75 | €210,807 | €203,987 | -€6,820 | -3.2% |
| Financial charges | 65/66B | €9,252 | €4,594 | -€4,658 | -50.3% |
| Recurring financial charges | 65 | €9,252 | €4,594 | -€4,658 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | €246,928 | €244,860 | -€2,067 | -0.8% |
| Income taxes | 67/77 | €9,684 | €9,270 | -€414 | -4.3% |
| Profit (loss) for the period | 9904 | €237,244 | €235,591 | -€1,653 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €237,244 | €235,591 | -€1,653 | -0.7% |
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 2 October 2026 via checked.be.