HRINCO: 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.
HRINCO
Largest movements
- Cash +€87,110
up €87,110 (+51.6%), from €168,682 to €255,792
mainly Other debts (+€229,482) and Net result for the year (+€92,574)
- Receivables within one year +€25,975
up €25,975 (+57.6%), from €45,070 to €71,044
of which Other amounts receivable: +€26,313
- Intangible fixed assets +€4,643
new in 2025: €4,643
- Other debts +€229,482
up €229,482 (+16069.4%), from €1,428 to €230,910
- Profit (loss) carried forward -€137,426
down €137,426 (-91.8%), from €149,668 to €12,243
- Tax, wage and social debts +€18,190
up €18,190 (+28.3%), from €64,225 to €82,415
of which Taxes: +€18,983
- Trade debts +€10,050
up €10,050 (+169.0%), from €5,947 to €15,998
- Gross operating margin +€54,855
up €54,855 (+32.0%), from €171,312 to €226,166
- Staff costs +€34,644
up €34,644 (+88.5%), from €39,158 to €73,802
- Other operating charges +€13,161
up €13,161 (+3397.8%), from €387 to €13,548
- Taxes +€8,332
up €8,332 (+24.8%), from €33,608 to €41,940
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 | €223,768 | €344,066 | +€120,297 | +53.8% |
| Fixed assets | 21/28 | €9,020 | €15,108 | +€6,087 | +67.5% |
| Intangible fixed assets | 21 | - | €4,643 | +€4,643 | |
| Tangible fixed assets | 22/27 | €9,020 | €10,465 | +€1,445 | +16.0% |
| Furniture and vehicles | 24 | €9,020 | €10,465 | +€1,445 | +16.0% |
| Current assets | 29/58 | €214,748 | €328,958 | +€114,210 | +53.2% |
| Amounts receivable within one year | 40/41 | €45,070 | €71,044 | +€25,975 | +57.6% |
| Trade receivables | 40 | €45,070 | €44,731 | -€338 | -0.8% |
| Other amounts receivable | 41 | - | €26,313 | +€26,313 | |
| Cash at bank and in hand | 54/58 | €168,682 | €255,792 | +€87,110 | +51.6% |
| Deferred charges and accrued income | 490/1 | €996 | €2,121 | +€1,125 | +112.9% |
| Total equity and liabilities | 10/49 | €223,768 | €344,066 | +€120,297 | +53.8% |
| Equity | 10/15 | €152,168 | €14,743 | -€137,426 | -90.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | €2,500 | = | 0.0% |
| Issued capital | 100 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,668 | €12,243 | -€137,426 | -91.8% |
| Amounts payable | 17/49 | €71,600 | €329,323 | +€257,723 | +359.9% |
| Amounts payable within one year | 42/48 | €71,600 | €329,323 | +€257,723 | +359.9% |
| Trade debts | 44 | €5,947 | €15,998 | +€10,050 | +169.0% |
| Suppliers | 440/4 | €5,947 | €15,998 | +€10,050 | +169.0% |
| Taxes, remuneration and social security | 45 | €64,225 | €82,415 | +€18,190 | +28.3% |
| Taxes | 450/3 | €56,838 | €75,821 | +€18,983 | +33.4% |
| Remuneration and social security | 454/9 | €7,387 | €6,594 | -€793 | -10.7% |
| Other amounts payable | 47/48 | €1,428 | €230,910 | +€229,482 | +16069.4% |
| Remuneration, social security and pensions | 62 | €39,158 | €73,802 | +€34,644 | +88.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,661 | €4,284 | +€623 | +17.0% |
| Other operating charges | 640/8 | €387 | €13,548 | +€13,161 | +3397.8% |
| Gross operating margin | 9900 | €171,312 | €226,166 | +€54,855 | +32.0% |
| Operating profit (loss) | 9901 | €128,106 | €134,532 | +€6,427 | +5.0% |
| Financial income | 75/76B | €4 | €25 | +€21 | +516.3% |
| Recurring financial income | 75 | €4 | €25 | +€21 | +516.3% |
| Financial charges | 65/66B | €39 | €43 | +€4 | +10.8% |
| Recurring financial charges | 65 | €39 | €43 | +€4 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €128,071 | €134,514 | +€6,443 | +5.0% |
| Income taxes | 67/77 | €33,608 | €41,940 | +€8,332 | +24.8% |
| Profit (loss) for the period | 9904 | €94,463 | €92,574 | -€1,889 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €94,463 | €92,574 | -€1,889 | -2.0% |
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 12 October 2026 via checked.be.