HRN THERAPY: 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.
HRN THERAPY
Largest movements
- Deferred charges and accrued income -€17,518
down €17,518 (-70.8%), from €24,731 to €7,213
- Receivables within one year +€14,781
up €14,781 (+111%), from €13,342 to €28,122
- Cash +€12,554
up €12,554 (+216%), from €5,825 to €18,379
mainly Net result for the year (+€40,325) and Depreciation (+€18,885)
- Tangible fixed assets +€12,205
up €12,205 (+38.4%), from €31,797 to €44,002
of which Assets under construction and advance payments: +€24,000
- Intangible fixed assets -€4,090
down €4,090 (-2.5%), from €161,164 to €157,074
- Profit (loss) carried forward +€40,325
up €40,325 (+86.9%), from €46,403 to €86,728
- Debts after one year -€18,473
down €18,473 (-10.5%), from €175,542 to €157,069
- Tax, wage and social debts +€5,165
up €5,165 (+30.8%), from €16,754 to €21,919
of which Taxes: +€5,632
- Other debts -€5,000
down €5,000 (-100%), from €5,000 to €0
- Other operating charges -€21,439
down €21,439 (-92.3%), from €23,238 to €1,800
- Gross operating margin +€15,769
up €15,769 (+20.3%), from €77,495 to €93,264
- Staff costs +€6,802
up €6,802 (+111%), from €6,102 to €12,904
- Depreciation +€6,746
up €6,746 (+55.6%), from €12,139 to €18,885
- Taxes +€5,528
up €5,528 (+68.8%), from €8,037 to €13,565
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 | €270,258 | €290,182 | +€19,924 | +7.4% |
| Fixed assets | 21/28 | €192,961 | €201,076 | +€8,115 | +4.2% |
| Intangible fixed assets | 21 | €161,164 | €157,074 | -€4,090 | -2.5% |
| Tangible fixed assets | 22/27 | €31,797 | €44,002 | +€12,205 | +38.4% |
| Plant, machinery and equipment | 23 | €3,003 | - | -€3,003 | |
| Furniture and vehicles | 24 | €28,794 | €18,166 | -€10,628 | -36.9% |
| Other tangible fixed assets | 26 | - | €1,836 | +€1,836 | |
| Assets under construction and advance payments | 27 | - | €24,000 | +€24,000 | |
| Current assets | 29/58 | €77,297 | €89,107 | +€11,809 | +15.3% |
| Amounts receivable after more than one year | 29 | €33,400 | €34,492 | +€1,093 | +3.3% |
| Other amounts receivable | 291 | €33,400 | €34,492 | +€1,093 | +3.3% |
| Amounts receivable within one year | 40/41 | €13,342 | €28,122 | +€14,781 | +111% |
| Other amounts receivable | 41 | €13,342 | €28,122 | +€14,781 | +111% |
| Current investments | 50/53 | - | €900 | +€900 | |
| Cash at bank and in hand | 54/58 | €5,825 | €18,379 | +€12,554 | +216% |
| Deferred charges and accrued income | 490/1 | €24,731 | €7,213 | -€17,518 | -70.8% |
| Total equity and liabilities | 10/49 | €270,258 | €290,182 | +€19,924 | +7.4% |
| Equity | 10/15 | €49,403 | €89,728 | +€40,325 | +81.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,403 | €86,728 | +€40,325 | +86.9% |
| Amounts payable | 17/49 | €220,855 | €200,454 | -€20,401 | -9.2% |
| Amounts payable after more than one year | 17 | €175,542 | €157,069 | -€18,473 | -10.5% |
| Financial debts | 170/4 | €175,542 | €157,069 | -€18,473 | -10.5% |
| Amounts payable within one year | 42/48 | €44,813 | €42,256 | -€2,557 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €18,401 | €18,473 | +€72 | +0.4% |
| Trade debts | 44 | €4,658 | €1,865 | -€2,794 | -60.0% |
| Suppliers | 440/4 | €4,658 | €1,865 | -€2,794 | -60.0% |
| Taxes, remuneration and social security | 45 | €16,754 | €21,919 | +€5,165 | +30.8% |
| Taxes | 450/3 | €15,884 | €21,515 | +€5,632 | +35.5% |
| Remuneration and social security | 454/9 | €870 | €403 | -€467 | -53.7% |
| Other amounts payable | 47/48 | €5,000 | €0 | -€5,000 | -100% |
| Accrued charges and deferred income | 492/3 | €500 | €1,129 | +€629 | +126% |
| Remuneration, social security and pensions | 62 | €6,102 | €12,904 | +€6,802 | +111% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,139 | €18,885 | +€6,746 | +55.6% |
| Other operating charges | 640/8 | €23,238 | €1,800 | -€21,439 | -92.3% |
| Gross operating margin | 9900 | €77,495 | €93,264 | +€15,769 | +20.3% |
| Operating profit (loss) | 9901 | €36,015 | €59,675 | +€23,660 | +65.7% |
| Financial income | 75/76B | €1,459 | €2,372 | +€913 | +62.6% |
| Recurring financial income | 75 | €1,459 | €2,372 | +€913 | +62.6% |
| Financial charges | 65/66B | €4,627 | €8,156 | +€3,530 | +76.3% |
| Recurring financial charges | 65 | €4,627 | €8,156 | +€3,530 | +76.3% |
| Profit (loss) for the period before taxes | 9903 | €32,847 | €53,891 | +€21,043 | +64.1% |
| Income taxes | 67/77 | €8,037 | €13,565 | +€5,528 | +68.8% |
| Profit (loss) for the period | 9904 | €24,810 | €40,325 | +€15,515 | +62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,810 | €40,325 | +€15,515 | +62.5% |
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 13 October 2026 via checked.be.