HRM PARTNER: 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.
HRM PARTNER
Largest movements
- Cash -€50,355
down €50,355 (-43.8%), from €114,915 to €64,560
mainly Receivables within one year (-€43,313) and Other debts (-€42,500)
- Receivables within one year +€43,313
up €43,313 (+53.6%), from €80,810 to €124,123
of which Trade receivables: +€34,631
- Tangible fixed assets +€13,627
up €13,627 (+76.6%), from €17,786 to €31,412
of which Other tangible fixed assets: +€14,574
- Profit (loss) carried forward +€67,021
up €67,021 (+96.6%), from €69,383 to €136,404
- Other debts -€42,500
no longer reported in 2025 (was €42,500)
- Trade debts -€9,637
down €9,637 (-21.7%), from €44,415 to €34,777
- Tax, wage and social debts -€8,298
down €8,298 (-21.3%), from €38,882 to €30,583
of which Taxes: -€7,039
- Other operating charges +€11,547
up €11,547 (+34.4%), from €33,566 to €45,113
- Staff costs +€9,364
up €9,364 (+6.5%), from €143,281 to €152,645
- Gross operating margin +€4,509
up €4,509 (+1.6%), from €276,215 to €280,724
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 | €213,780 | €220,365 | +€6,585 | +3.1% |
| Fixed assets | 21/28 | €18,056 | €31,682 | +€13,627 | +75.5% |
| Tangible fixed assets | 22/27 | €17,786 | €31,412 | +€13,627 | +76.6% |
| Plant, machinery and equipment | 23 | €6,662 | €5,162 | -€1,500 | -22.5% |
| Furniture and vehicles | 24 | €11,124 | €11,676 | +€552 | +5.0% |
| Other tangible fixed assets | 26 | - | €14,574 | +€14,574 | |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €195,724 | €188,683 | -€7,041 | -3.6% |
| Amounts receivable within one year | 40/41 | €80,810 | €124,123 | +€43,313 | +53.6% |
| Trade receivables | 40 | €57,677 | €92,308 | +€34,631 | +60.0% |
| Other amounts receivable | 41 | €23,133 | €31,815 | +€8,682 | +37.5% |
| Cash at bank and in hand | 54/58 | €114,915 | €64,560 | -€50,355 | -43.8% |
| Total equity and liabilities | 10/49 | €213,780 | €220,365 | +€6,585 | +3.1% |
| Equity | 10/15 | €87,983 | €155,004 | +€67,021 | +76.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,383 | €136,404 | +€67,021 | +96.6% |
| Amounts payable | 17/49 | €125,796 | €65,361 | -€60,436 | -48.0% |
| Amounts payable within one year | 42/48 | €125,796 | €65,361 | -€60,436 | -48.0% |
| Trade debts | 44 | €44,415 | €34,777 | -€9,637 | -21.7% |
| Suppliers | 440/4 | €44,415 | €34,777 | -€9,637 | -21.7% |
| Taxes, remuneration and social security | 45 | €38,882 | €30,583 | -€8,298 | -21.3% |
| Taxes | 450/3 | €26,722 | €19,683 | -€7,039 | -26.3% |
| Remuneration and social security | 454/9 | €12,160 | €10,900 | -€1,259 | -10.4% |
| Other amounts payable | 47/48 | €42,500 | - | -€42,500 | |
| Remuneration, social security and pensions | 62 | €143,281 | €152,645 | +€9,364 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,311 | €8,855 | +€1,544 | +21.1% |
| Other operating charges | 640/8 | €33,566 | €45,113 | +€11,547 | +34.4% |
| Non-recurring operating charges | 66A | €307 | €211 | -€96 | -31.3% |
| Gross operating margin | 9900 | €276,215 | €280,724 | +€4,509 | +1.6% |
| Operating profit (loss) | 9901 | €91,750 | €73,901 | -€17,849 | -19.5% |
| Financial charges | 65/66B | €845 | €1,330 | +€485 | +57.3% |
| Recurring financial charges | 65 | €845 | €1,330 | +€485 | +57.3% |
| Profit (loss) for the period before taxes | 9903 | €90,905 | €72,571 | -€18,334 | -20.2% |
| Income taxes | 67/77 | €4,210 | €5,550 | +€1,340 | +31.8% |
| Profit (loss) for the period | 9904 | €86,695 | €67,021 | -€19,674 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €86,695 | €67,021 | -€19,674 | -22.7% |
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 10 October 2026 via checked.be.