Hrms: 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.
Hrms
Largest movements
- Current investments +€130,000
up €130,000 (+65.0%), from €200,000 to €330,000
- Tangible fixed assets -€48,017
down €48,017 (-36.8%), from €130,501 to €82,484
- Cash +€17,056
up €17,056 (+20.9%), from €81,430 to €98,486
mainly Net result for the year (+€131,107) and Depreciation (+€49,530)
- Reserves +€131,107
up €131,107 (+55.9%), from €234,720 to €365,828
- Debts after one year -€12,441
down €12,441 (-84.6%), from €14,706 to €2,265
- Other debts -€12,379
down €12,379 (-19.3%), from €64,029 to €51,650
- Trade debts -€7,305
down €7,305 (-61.3%), from €11,919 to €4,614
- Gross operating margin +€114,671
up €114,671 (+31.5%), from €364,261 to €478,933
- Staff costs +€31,665
up €31,665 (+15.5%), from €204,140 to €235,804
- Taxes +€27,376
up €27,376 (+85.9%), from €31,883 to €59,258
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 | €418,216 | €518,781 | +€100,565 | +24.0% |
| Fixed assets | 21/28 | €130,501 | €82,484 | -€48,017 | -36.8% |
| Tangible fixed assets | 22/27 | €130,501 | €82,484 | -€48,017 | -36.8% |
| Land and buildings | 22 | €60,329 | €39,532 | -€20,797 | -34.5% |
| Furniture and vehicles | 24 | €62,948 | €39,952 | -€22,995 | -36.5% |
| Leasing and similar rights | 25 | €6,000 | €3,000 | -€3,000 | -50.0% |
| Other tangible fixed assets | 26 | €1,224 | €0 | -€1,224 | -100% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €287,715 | €436,297 | +€148,582 | +51.6% |
| Amounts receivable within one year | 40/41 | - | €1,130 | +€1,130 | |
| Other amounts receivable | 41 | - | €1,130 | +€1,130 | |
| Current investments | 50/53 | €200,000 | €330,000 | +€130,000 | +65.0% |
| Cash at bank and in hand | 54/58 | €81,430 | €98,486 | +€17,056 | +20.9% |
| Deferred charges and accrued income | 490/1 | €6,285 | €6,681 | +€396 | +6.3% |
| Total equity and liabilities | 10/49 | €418,216 | €518,781 | +€100,565 | +24.0% |
| Equity | 10/15 | €240,920 | €372,028 | +€131,107 | +54.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €234,720 | €365,828 | +€131,107 | +55.9% |
| Distributable reserves | 133 | €234,720 | €365,828 | +€131,107 | +55.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €177,296 | €146,753 | -€30,542 | -17.2% |
| Amounts payable after more than one year | 17 | €14,706 | €2,265 | -€12,441 | -84.6% |
| Financial debts | 170/4 | €14,706 | €2,265 | -€12,441 | -84.6% |
| Amounts payable within one year | 42/48 | €162,590 | €144,488 | -€18,101 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €15,337 | €12,441 | -€2,896 | -18.9% |
| Trade debts | 44 | €11,919 | €4,614 | -€7,305 | -61.3% |
| Suppliers | 440/4 | €11,919 | €4,614 | -€7,305 | -61.3% |
| Taxes, remuneration and social security | 45 | €71,304 | €75,783 | +€4,479 | +6.3% |
| Taxes | 450/3 | €27,983 | €20,663 | -€7,320 | -26.2% |
| Remuneration and social security | 454/9 | €43,321 | €55,120 | +€11,799 | +27.2% |
| Other amounts payable | 47/48 | €64,029 | €51,650 | -€12,379 | -19.3% |
| Remuneration, social security and pensions | 62 | €204,140 | €235,804 | +€31,665 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,430 | €49,530 | -€2,901 | -5.5% |
| Other operating charges | 640/8 | €3,061 | €3,226 | +€165 | +5.4% |
| Gross operating margin | 9900 | €364,261 | €478,933 | +€114,671 | +31.5% |
| Operating profit (loss) | 9901 | €104,631 | €190,373 | +€85,742 | +81.9% |
| Financial income | 75/76B | €611 | €1,302 | +€691 | +113% |
| Recurring financial income | 75 | €611 | €1,302 | +€691 | +113% |
| Financial charges | 65/66B | €1,245 | €1,309 | +€64 | +5.1% |
| Recurring financial charges | 65 | €1,245 | €1,309 | +€64 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €103,996 | €190,366 | +€86,370 | +83.1% |
| Income taxes | 67/77 | €31,883 | €59,258 | +€27,376 | +85.9% |
| Profit (loss) for the period | 9904 | €72,113 | €131,107 | +€58,994 | +81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €72,113 | €131,107 | +€58,994 | +81.8% |
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 22 October 2026 via checked.be.