HROND: 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.
HROND
Largest movements
- Stocks and contracts +€265,000
up €265,000 (+98.5%), from €269,000 to €534,000
- Cash +€41,176
up €41,176 (+72.9%), from €56,475 to €97,651
mainly Short-term financial debts (+€340,000) and Accrued charges and deferred income (+€3,965)
- Short-term financial debts +€340,000
new in 2025: €340,000
- Other debts -€20,000
down €20,000 (-8.3%), from €240,000 to €220,000
- Reserves -€17,841
down €17,841 (-70.0%), from €25,478 to €7,637
- Gross operating margin -€13,361
down €13,361, from €13,236 to -€125
- Financial charges +€12,120
new in 2025: €12,120
- Other operating charges +€2,283
up €2,283 (+81.8%), from €2,791 to €5,074
- Taxes -€1,567
down €1,567 (-75.0%), from €2,089 to €522
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 | €328,522 | €634,039 | +€305,517 | +93.0% |
| Current assets | 29/58 | €328,522 | €634,039 | +€305,517 | +93.0% |
| Stocks and contracts in progress | 3 | €269,000 | €534,000 | +€265,000 | +98.5% |
| Stocks | 30/36 | €269,000 | €534,000 | +€265,000 | +98.5% |
| Amounts receivable within one year | 40/41 | €3,047 | €2,389 | -€659 | -21.6% |
| Other amounts receivable | 41 | €3,047 | €2,389 | -€659 | -21.6% |
| Cash at bank and in hand | 54/58 | €56,475 | €97,651 | +€41,176 | +72.9% |
| Total equity and liabilities | 10/49 | €328,522 | €634,039 | +€305,517 | +93.0% |
| Equity | 10/15 | €85,478 | €67,637 | -€17,841 | -20.9% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €25,478 | €7,637 | -€17,841 | -70.0% |
| Distributable reserves | 133 | €25,478 | €7,637 | -€17,841 | -70.0% |
| Amounts payable | 17/49 | €243,044 | €566,403 | +€323,359 | +133.0% |
| Amounts payable within one year | 42/48 | €243,044 | €562,438 | +€319,394 | +131.4% |
| Financial debts | 43 | - | €340,000 | +€340,000 | |
| Credit institutions | 430/8 | - | €340,000 | +€340,000 | |
| Trade debts | 44 | €2,386 | €75 | -€2,311 | -96.9% |
| Suppliers | 440/4 | €2,386 | €75 | -€2,311 | -96.9% |
| Taxes, remuneration and social security | 45 | €657 | €2,363 | +€1,705 | +259.5% |
| Taxes | 450/3 | €657 | €2,363 | +€1,705 | +259.5% |
| Other amounts payable | 47/48 | €240,000 | €220,000 | -€20,000 | -8.3% |
| Accrued charges and deferred income | 492/3 | - | €3,965 | +€3,965 | |
| Other operating charges | 640/8 | €2,791 | €5,074 | +€2,283 | +81.8% |
| Gross operating margin | 9900 | €13,236 | -€125 | -€13,361 | |
| Operating profit (loss) | 9901 | €10,445 | -€5,199 | -€15,644 | |
| Financial charges | 65/66B | - | €12,120 | +€12,120 | |
| Recurring financial charges | 65 | - | €12,120 | +€12,120 | |
| Profit (loss) for the period before taxes | 9903 | €10,445 | -€17,319 | -€27,764 | |
| Income taxes | 67/77 | €2,089 | €522 | -€1,567 | -75.0% |
| Profit (loss) for the period | 9904 | €8,356 | -€17,841 | -€26,198 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,356 | -€17,841 | -€26,198 |
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 4 October 2026 via checked.be.