HRlinkIT: 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.
HRlinkIT
Largest movements
- Intangible fixed assets +€596,566
up €596,566 (+48.8%), from €1.2m to €1.8m
- Cash +€123,469
up €123,469 (+188.2%), from €65,607 to €189,076
mainly Depreciation (+€534,672) and Net result for the year (+€279,382)
- Receivables within one year +€72,831
up €72,831 (+10.2%), from €712,979 to €785,810
of which Trade receivables: +€71,676
- Profit (loss) carried forward +€279,382
up €279,382 (+26.7%), from €1.0m to €1.3m
- Other debts +€250,000
new in 2025: €250,000
- Tax, wage and social debts +€194,078
up €194,078 (+63.8%), from €304,088 to €498,166
of which Remuneration and social security: +€104,315
- Trade debts +€64,954
up €64,954 (+30.3%), from €214,129 to €279,083
- Accrued charges and deferred income +€49,858
up €49,858 (+22.7%), from €219,352 to €269,209
- Gross operating margin +€1.4m
up €1.4m (+59.8%), from €2.3m to €3.7m
- Staff costs +€1.1m
up €1.1m (+70.2%), from €1.6m to €2.7m
- Depreciation +€129,710
up €129,710 (+32.0%), from €404,962 to €534,672
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,174,005 | €2,972,541 | +€798,535 | +36.7% |
| Fixed assets | 21/28 | €1,356,771 | €1,958,440 | +€601,669 | +44.3% |
| Intangible fixed assets | 21 | €1,222,335 | €1,818,901 | +€596,566 | +48.8% |
| Tangible fixed assets | 22/27 | €123,942 | €129,045 | +€5,103 | +4.1% |
| Furniture and vehicles | 24 | €57,362 | €58,082 | +€720 | +1.3% |
| Other tangible fixed assets | 26 | €66,579 | €70,963 | +€4,383 | +6.6% |
| Financial fixed assets | 28 | €10,493 | €10,493 | = | 0.0% |
| Current assets | 29/58 | €817,235 | €1,014,101 | +€196,866 | +24.1% |
| Amounts receivable within one year | 40/41 | €712,979 | €785,810 | +€72,831 | +10.2% |
| Trade receivables | 40 | €712,389 | €784,065 | +€71,676 | +10.1% |
| Other amounts receivable | 41 | €590 | €1,745 | +€1,155 | +195.9% |
| Cash at bank and in hand | 54/58 | €65,607 | €189,076 | +€123,469 | +188.2% |
| Deferred charges and accrued income | 490/1 | €38,649 | €39,215 | +€566 | +1.5% |
| Total equity and liabilities | 10/49 | €2,174,005 | €2,972,541 | +€798,535 | +36.7% |
| Equity | 10/15 | €1,276,282 | €1,555,664 | +€279,382 | +21.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €209,098 | €209,098 | = | 0.0% |
| Distributable reserves | 133 | €209,098 | €209,098 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,047,184 | €1,326,566 | +€279,382 | +26.7% |
| Investment grants | 15 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €897,723 | €1,416,877 | +€519,153 | +57.8% |
| Amounts payable after more than one year | 17 | €117,537 | €102,434 | -€15,103 | -12.8% |
| Financial debts | 170/4 | €117,537 | €102,434 | -€15,103 | -12.8% |
| Amounts payable within one year | 42/48 | €560,835 | €1,045,233 | +€484,399 | +86.4% |
| Financial debts | 43 | €42,618 | €17,984 | -€24,634 | -57.8% |
| Credit institutions | 430/8 | €32,936 | €7,192 | -€25,743 | -78.2% |
| Other loans | 439 | €9,683 | €10,792 | +€1,109 | +11.5% |
| Trade debts | 44 | €214,129 | €279,083 | +€64,954 | +30.3% |
| Suppliers | 440/4 | €214,129 | €279,083 | +€64,954 | +30.3% |
| Taxes, remuneration and social security | 45 | €304,088 | €498,166 | +€194,078 | +63.8% |
| Taxes | 450/3 | €94,020 | €183,783 | +€89,764 | +95.5% |
| Remuneration and social security | 454/9 | €210,068 | €314,383 | +€104,315 | +49.7% |
| Other amounts payable | 47/48 | - | €250,000 | +€250,000 | |
| Accrued charges and deferred income | 492/3 | €219,352 | €269,209 | +€49,858 | +22.7% |
| Non-recurring operating income | 76A | €14,012 | €0 | -€14,012 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,585,135 | €2,698,119 | +€1.1m | +70.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €404,962 | €534,672 | +€129,710 | +32.0% |
| Other operating charges | 640/8 | €14,102 | €20,793 | +€6,691 | +47.4% |
| Non-recurring operating charges | 66A | €211 | €394 | +€183 | +86.9% |
| Gross operating margin | 9900 | €2,284,813 | €3,651,827 | +€1.4m | +59.8% |
| Operating profit (loss) | 9901 | €280,402 | €397,850 | +€117,448 | +41.9% |
| Financial income | 75/76B | €27,336 | €1,190 | -€26,146 | -95.6% |
| Recurring financial income | 75 | €27,336 | €1,190 | -€26,146 | -95.6% |
| Financial charges | 65/66B | €39,506 | €41,967 | +€2,460 | +6.2% |
| Recurring financial charges | 65 | €39,506 | €41,967 | +€2,460 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €268,232 | €357,073 | +€88,841 | +33.1% |
| Transfer from deferred taxes | 780 | €9,039 | €0 | -€9,039 | -100.0% |
| Income taxes | 67/77 | €77,444 | €77,690 | +€246 | +0.3% |
| Profit (loss) for the period | 9904 | €199,826 | €279,382 | +€79,556 | +39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €199,826 | €279,382 | +€79,556 | +39.8% |
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 4 October 2026 via checked.be.