HRM: 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.
HRM
Largest movements
- Cash +€152
up €152 (+4.4%), from €3,470 to €3,621
mainly Trade debts (+€1,544) and Receivables within one year (+€146)
- Receivables within one year -€146
down €146 (-14.6%), from €1,002 to €855
of which Other amounts receivable: -€146
- Trade debts +€1,544
up €1,544 (+62.2%), from €2,482 to €4,026
- Profit (loss) carried forward -€940
down €940 (-4.3%), from -€21,701 to -€22,641
- Other debts -€599
down €599 (-21.6%), from €2,771 to €2,172
- Gross operating margin -€1,239
down €1,239, from €439 to -€800
- Turnover +€400
new in 2025: €400
- Financial charges -€20
down €20 (-12.6%), from €161 to €140
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 | €4,571 | €4,577 | +€5 | +0.1% |
| Fixed assets | 21/28 | €100 | €100 | = | 0.0% |
| Tangible fixed assets | 22/27 | €100 | €100 | = | 0.0% |
| Furniture and vehicles | 24 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €4,471 | €4,477 | +€5 | +0.1% |
| Amounts receivable within one year | 40/41 | €1,002 | €855 | -€146 | -14.6% |
| Trade receivables | 40 | €855 | €855 | = | 0.0% |
| Other amounts receivable | 41 | €146 | - | -€146 | |
| Cash at bank and in hand | 54/58 | €3,470 | €3,621 | +€152 | +4.4% |
| Total equity and liabilities | 10/49 | €4,571 | €4,577 | +€5 | +0.1% |
| Equity | 10/15 | -€3,491 | -€4,431 | -€940 | -26.9% |
| Contributions | 10/11 | €18,210 | €18,210 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,701 | -€22,641 | -€940 | -4.3% |
| Amounts payable | 17/49 | €8,063 | €9,008 | +€946 | +11.7% |
| Amounts payable within one year | 42/48 | €7,063 | €8,008 | +€946 | +13.4% |
| Trade debts | 44 | €2,482 | €4,026 | +€1,544 | +62.2% |
| Suppliers | 440/4 | €2,482 | €4,026 | +€1,544 | +62.2% |
| Taxes, remuneration and social security | 45 | €1,810 | €1,810 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,810 | €1,810 | = | 0.0% |
| Other amounts payable | 47/48 | €2,771 | €2,172 | -€599 | -21.6% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Turnover | 70 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €439 | -€800 | -€1,239 | |
| Operating profit (loss) | 9901 | €439 | -€800 | -€1,239 | |
| Financial charges | 65/66B | €161 | €140 | -€20 | -12.6% |
| Recurring financial charges | 65 | €161 | €140 | -€20 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €279 | -€940 | -€1,219 | |
| Profit (loss) for the period | 9904 | €279 | -€940 | -€1,219 | |
| Profit (loss) for the period to be appropriated | 9905 | €279 | -€940 | -€1,219 |
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 30 September 2026 via checked.be.