HRM TOOLSHOP: 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 TOOLSHOP
Largest movements
- Receivables within one year -€29,600
down €29,600 (-45.8%), from €64,578 to €34,978
of which Trade receivables: -€37,720
- Cash -€20,155
down €20,155 (-27.4%), from €73,507 to €53,352
mainly Trade debts (-€36,270) and Other debts (-€14,449)
- Trade debts -€36,270
down €36,270 (-46.6%), from €77,777 to €41,507
- Other debts -€14,449
down €14,449 (-69.0%), from €20,947 to €6,498
- Reserves +€6,966
up €6,966 (+36.8%), from €18,926 to €25,892
- Tax, wage and social debts -€6,003
down €6,003 (-74.7%), from €8,035 to €2,033
- Gross operating margin +€6,096
up €6,096 (+73.8%), from €8,259 to €14,356
- Financial income +€693
new in 2025: €693
- Taxes +€617
up €617 (+87.2%), from €708 to €1,325
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.
Derived cash bridge
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 | €138,085 | €88,330 | -€49,755 | -36.0% |
| Current assets | 29/58 | €138,085 | €88,330 | -€49,755 | -36.0% |
| Amounts receivable within one year | 40/41 | €64,578 | €34,978 | -€29,600 | -45.8% |
| Trade receivables | 40 | €64,578 | €26,858 | -€37,720 | -58.4% |
| Other amounts receivable | 41 | - | €8,120 | +€8,120 | |
| Cash at bank and in hand | 54/58 | €73,507 | €53,352 | -€20,155 | -27.4% |
| Total equity and liabilities | 10/49 | €138,085 | €88,330 | -€49,755 | -36.0% |
| Equity | 10/15 | €31,326 | €38,292 | +€6,966 | +22.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €18,926 | €25,892 | +€6,966 | +36.8% |
| Distributable reserves | 133 | €18,926 | €25,892 | +€6,966 | +36.8% |
| Amounts payable | 17/49 | €106,758 | €50,037 | -€56,721 | -53.1% |
| Amounts payable within one year | 42/48 | €106,758 | €50,037 | -€56,721 | -53.1% |
| Trade debts | 44 | €77,777 | €41,507 | -€36,270 | -46.6% |
| Suppliers | 440/4 | €77,777 | €41,507 | -€36,270 | -46.6% |
| Taxes, remuneration and social security | 45 | €8,035 | €2,033 | -€6,003 | -74.7% |
| Taxes | 450/3 | €8,035 | €2,033 | -€6,003 | -74.7% |
| Other amounts payable | 47/48 | €20,947 | €6,498 | -€14,449 | -69.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €8,259 | €14,356 | +€6,096 | +73.8% |
| Operating profit (loss) | 9901 | €7,872 | €13,956 | +€6,084 | +77.3% |
| Financial income | 75/76B | - | €693 | +€693 | |
| Recurring financial income | 75 | - | €693 | +€693 | |
| Financial charges | 65/66B | €87 | €76 | -€12 | -13.3% |
| Recurring financial charges | 65 | €87 | €76 | -€12 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €7,785 | €14,573 | +€6,789 | +87.2% |
| Income taxes | 67/77 | €708 | €1,325 | +€617 | +87.2% |
| Profit (loss) for the period | 9904 | €7,077 | €13,248 | +€6,171 | +87.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,077 | €13,248 | +€6,171 | +87.2% |
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 20 October 2026 via checked.be.