HRMinded: 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.
HRMinded
Largest movements
- Cash +€57,143
up €57,143 (+36.6%), from €156,338 to €213,481
mainly Net result for the year (+€50,928) and Receivables within one year (+€3,124)
- Receivables within one year -€3,124
down €3,124 (-68.2%), from €4,578 to €1,454
of which Other amounts receivable: -€2,156
- Reserves +€50,928
up €50,928 (+24.5%), from €207,715 to €258,642
- Gross operating margin +€54,725
up €54,725 (+403.7%), from €13,556 to €68,282
- Taxes +€14,906
up €14,906 (+333.0%), from €4,477 to €19,383
- Financial income +€4,746
up €4,746 (+212.6%), from €2,233 to €6,979
of which Non-recurring financial income: +€5,822
- Depreciation -€1,039
down €1,039 (-32.1%), from €3,237 to €2,198
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 | €231,002 | €282,823 | +€51,821 | +22.4% |
| Fixed assets | 21/28 | €10,086 | €7,888 | -€2,198 | -21.8% |
| Tangible fixed assets | 22/27 | €10,086 | €7,888 | -€2,198 | -21.8% |
| Plant, machinery and equipment | 23 | €10,086 | €7,888 | -€2,198 | -21.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €220,916 | €274,935 | +€54,019 | +24.5% |
| Amounts receivable within one year | 40/41 | €4,578 | €1,454 | -€3,124 | -68.2% |
| Trade receivables | 40 | €968 | €0 | -€968 | -100.0% |
| Other amounts receivable | 41 | €3,610 | €1,454 | -€2,156 | -59.7% |
| Current investments | 50/53 | €60,000 | €60,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €156,338 | €213,481 | +€57,143 | +36.6% |
| Total equity and liabilities | 10/49 | €231,002 | €282,823 | +€51,821 | +22.4% |
| Equity | 10/15 | €226,315 | €277,242 | +€50,928 | +22.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €207,715 | €258,642 | +€50,928 | +24.5% |
| Distributable reserves | 133 | €207,715 | €258,642 | +€50,928 | +24.5% |
| Amounts payable | 17/49 | €4,688 | €5,581 | +€893 | +19.1% |
| Amounts payable within one year | 42/48 | €4,688 | €5,581 | +€893 | +19.1% |
| Trade debts | 44 | €939 | €441 | -€498 | -53.0% |
| Suppliers | 440/4 | €939 | €441 | -€498 | -53.0% |
| Taxes, remuneration and social security | 45 | €3,000 | €4,391 | +€1,391 | +46.4% |
| Taxes | 450/3 | €3,000 | €4,391 | +€1,391 | +46.4% |
| Other amounts payable | 47/48 | €749 | €749 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,237 | €2,198 | -€1,039 | -32.1% |
| Other operating charges | 640/8 | €1,574 | €1,785 | +€210 | +13.4% |
| Gross operating margin | 9900 | €13,556 | €68,282 | +€54,725 | +403.7% |
| Operating profit (loss) | 9901 | €8,745 | €64,299 | +€55,554 | +635.2% |
| Financial income | 75/76B | €2,233 | €6,979 | +€4,746 | +212.6% |
| Recurring financial income | 75 | €2,007 | €931 | -€1,076 | -53.6% |
| Non-recurring financial income | 76B | €226 | €6,048 | +€5,822 | +2575.6% |
| Financial charges | 65/66B | €356 | €968 | +€612 | +171.8% |
| Recurring financial charges | 65 | €356 | €968 | +€612 | +171.8% |
| Profit (loss) for the period before taxes | 9903 | €10,622 | €70,310 | +€59,688 | +561.9% |
| Income taxes | 67/77 | €4,477 | €19,383 | +€14,906 | +333.0% |
| Profit (loss) for the period | 9904 | €6,145 | €50,928 | +€44,782 | +728.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,145 | €50,928 | +€44,782 | +728.7% |
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 7 October 2026 via checked.be.