HRMvoorKMO: 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.
HRMvoorKMO
Largest movements
- Cash -€18,178
down €18,178 (-24.3%), from €74,724 to €56,546
mainly Other debts (-€63,833) and Contributions, distributions and other (-€21,936)
- Tangible fixed assets -€15,053
down €15,053 (-27.1%), from €55,609 to €40,556
of which Furniture and vehicles: -€15,411
- Receivables within one year -€10,707
down €10,707 (-39.9%), from €26,816 to €16,109
of which Trade receivables: -€5,523
- Other debts -€63,833
down €63,833 (-65.7%), from €97,189 to €33,355
- Reserves +€29,913
up €29,913 (+2,270%), from €1,318 to €31,231
- Debts after one year -€15,739
down €15,739 (-54.3%), from €28,985 to €13,246
- Tax, wage and social debts +€10,502
up €10,502 (+6,564%), from €160 to €10,662
of which Taxes: +€8,022
- Accrued charges and deferred income -€3,580
no longer reported in 2025 (was €3,580)
- Depreciation +€6,008
up €6,008 (+40.2%), from €14,958 to €20,966
- Financial income +€3,941
new in 2025: €3,941
of which Financial income: +€3,941
- Taxes +€2,764
up €2,764 (+18.6%), from €14,870 to €17,634
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 | €158,492 | €114,894 | -€43,599 | -27.5% |
| Fixed assets | 21/28 | €56,899 | €41,520 | -€15,379 | -27.0% |
| Intangible fixed assets | 21 | €990 | €664 | -€326 | -32.9% |
| Tangible fixed assets | 22/27 | €55,609 | €40,556 | -€15,053 | -27.1% |
| Plant, machinery and equipment | 23 | €236 | €595 | +€358 | +152% |
| Furniture and vehicles | 24 | €55,373 | €39,961 | -€15,411 | -27.8% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €101,594 | €73,374 | -€28,220 | -27.8% |
| Amounts receivable within one year | 40/41 | €26,816 | €16,109 | -€10,707 | -39.9% |
| Trade receivables | 40 | €21,632 | €16,109 | -€5,523 | -25.5% |
| Other amounts receivable | 41 | €5,184 | - | -€5,184 | |
| Cash at bank and in hand | 54/58 | €74,724 | €56,546 | -€18,178 | -24.3% |
| Deferred charges and accrued income | 490/1 | €54 | €719 | +€665 | +1,240% |
| Total equity and liabilities | 10/49 | €158,492 | €114,894 | -€43,599 | -27.5% |
| Equity | 10/15 | €11,318 | €41,231 | +€29,913 | +264% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,318 | €31,231 | +€29,913 | +2,270% |
| Distributable reserves | 133 | €1,318 | €31,231 | +€29,913 | +2,270% |
| Amounts payable | 17/49 | €147,175 | €73,663 | -€73,511 | -49.9% |
| Amounts payable after more than one year | 17 | €28,985 | €13,246 | -€15,739 | -54.3% |
| Financial debts | 170/4 | €28,985 | €13,246 | -€15,739 | -54.3% |
| Amounts payable within one year | 42/48 | €114,609 | €60,417 | -€54,192 | -47.3% |
| Current portion of amounts payable after more than one year | 42 | €15,438 | €15,739 | +€301 | +2.0% |
| Trade debts | 44 | €1,823 | €661 | -€1,162 | -63.8% |
| Suppliers | 440/4 | €1,823 | €661 | -€1,162 | -63.8% |
| Taxes, remuneration and social security | 45 | €160 | €10,662 | +€10,502 | +6,564% |
| Taxes | 450/3 | €160 | €8,182 | +€8,022 | +5,014% |
| Remuneration and social security | 454/9 | - | €2,480 | +€2,480 | |
| Other amounts payable | 47/48 | €97,189 | €33,355 | -€63,833 | -65.7% |
| Accrued charges and deferred income | 492/3 | €3,580 | - | -€3,580 | |
| Remuneration, social security and pensions | 62 | €1,861 | €1,723 | -€138 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,958 | €20,966 | +€6,008 | +40.2% |
| Other operating charges | 640/8 | €590 | €432 | -€157 | -26.6% |
| Gross operating margin | 9900 | €89,543 | €89,713 | +€170 | +0.2% |
| Operating profit (loss) | 9901 | €72,135 | €66,592 | -€5,543 | -7.7% |
| Financial income | 75/76B | - | €3,941 | +€3,941 | |
| Recurring financial income | 75 | - | €3,941 | +€3,941 | |
| Non-recurring financial income | 76B | - | €3,941 | +€3,941 | |
| Financial charges | 65/66B | €558 | €1,050 | +€492 | +88.1% |
| Recurring financial charges | 65 | €558 | €1,050 | +€492 | +88.1% |
| Profit (loss) for the period before taxes | 9903 | €71,577 | €69,483 | -€2,094 | -2.9% |
| Income taxes | 67/77 | €14,870 | €17,634 | +€2,764 | +18.6% |
| Profit (loss) for the period | 9904 | €56,706 | €51,849 | -€4,857 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,706 | €51,849 | -€4,857 | -8.6% |
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 26 October 2026 via checked.be.