HRRH&more: 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.
HRRH&more
Largest movements
- Current investments +€40,000
new in 2025: €40,000
- Receivables within one year -€26,550
down €26,550 (-26.2%), from €101,171 to €74,621
of which Other amounts receivable: -€27,385
- Cash +€17,365
up €17,365 (+55.7%), from €31,166 to €48,531
mainly Net result for the year (+€44,349) and Receivables within one year (+€26,550)
- Reserves +€24,241
up €24,241 (+24.6%), from €98,458 to €122,699
of which Distributable reserves: +€24,241
- Tax, wage and social debts +€6,664
up €6,664 (+52.9%), from €12,609 to €19,273
- Gross operating margin +€62,868
up €62,868 (+777%), from €8,093 to €70,961
- Taxes +€22,887
up €22,887 (+1,032%), from €2,217 to €25,104
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 | €132,615 | €163,153 | +€30,537 | +23.0% |
| Current assets | 29/58 | €132,615 | €163,153 | +€30,537 | +23.0% |
| Amounts receivable within one year | 40/41 | €101,171 | €74,621 | -€26,550 | -26.2% |
| Trade receivables | 40 | €11,689 | €12,524 | +€835 | +7.1% |
| Other amounts receivable | 41 | €89,483 | €62,098 | -€27,385 | -30.6% |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €31,166 | €48,531 | +€17,365 | +55.7% |
| Deferred charges and accrued income | 490/1 | €278 | - | -€278 | |
| Total equity and liabilities | 10/49 | €132,615 | €163,153 | +€30,537 | +23.0% |
| Equity | 10/15 | €117,058 | €141,299 | +€24,241 | +20.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €98,458 | €122,699 | +€24,241 | +24.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €96,598 | €120,839 | +€24,241 | +25.1% |
| Amounts payable | 17/49 | €15,557 | €21,854 | +€6,296 | +40.5% |
| Amounts payable within one year | 42/48 | €15,557 | €21,854 | +€6,296 | +40.5% |
| Trade debts | 44 | €362 | €57 | -€304 | -84.1% |
| Suppliers | 440/4 | €362 | €57 | -€304 | -84.1% |
| Taxes, remuneration and social security | 45 | €12,609 | €19,273 | +€6,664 | +52.9% |
| Taxes | 450/3 | €12,609 | €19,273 | +€6,664 | +52.9% |
| Other amounts payable | 47/48 | €2,587 | €2,523 | -€63 | -2.5% |
| Remuneration, social security and pensions | 62 | €272 | €278 | +€6 | +2.3% |
| Other operating charges | 640/8 | €944 | €1,094 | +€150 | +15.9% |
| Gross operating margin | 9900 | €8,093 | €70,961 | +€62,868 | +777% |
| Operating profit (loss) | 9901 | €6,878 | €69,589 | +€62,711 | +912% |
| Financial charges | 65/66B | €396 | €136 | -€260 | -65.7% |
| Recurring financial charges | 65 | €396 | €136 | -€260 | -65.7% |
| Profit (loss) for the period before taxes | 9903 | €6,482 | €69,453 | +€62,971 | +972% |
| Income taxes | 67/77 | €2,217 | €25,104 | +€22,887 | +1,032% |
| Profit (loss) for the period | 9904 | €4,265 | €44,349 | +€40,084 | +940% |
| Profit (loss) for the period to be appropriated | 9905 | €4,265 | €44,349 | +€40,084 | +940% |
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 15 October 2026 via checked.be.