HRS: 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.
HRS
Largest movements
- Cash +€46,463
up €46,463 (+957.3%), from €4,854 to €51,316
mainly Net result for the year (+€40,267) and Tax, wage and social debts (+€14,353)
- Receivables within one year +€8,846
up €8,846 (+296.6%), from €2,983 to €11,829
of which Other amounts receivable: +€9,166
- Tangible fixed assets -€1,155
down €1,155 (-2.7%), from €42,155 to €41,000
of which Land and buildings: -€991
- Profit (loss) carried forward +€40,267
up €40,267 (+123.6%), from €32,588 to €72,855
- Tax, wage and social debts +€14,353
up €14,353, from €0 to €14,353
- Gross operating margin +€55,198
up €55,198 (+2136.4%), from €2,584 to €57,782
- Taxes +€14,353
up €14,353, from €0 to €14,353
- Depreciation -€722
down €722 (-38.5%), from €1,878 to €1,155
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 | €51,852 | €106,005 | +€54,154 | +104.4% |
| Fixed assets | 21/28 | €44,015 | €42,860 | -€1,155 | -2.6% |
| Tangible fixed assets | 22/27 | €42,155 | €41,000 | -€1,155 | -2.7% |
| Land and buildings | 22 | €41,609 | €40,617 | -€991 | -2.4% |
| Furniture and vehicles | 24 | €547 | €383 | -€164 | -30.0% |
| Financial fixed assets | 28 | €1,860 | €1,860 | = | 0.0% |
| Current assets | 29/58 | €7,836 | €63,145 | +€55,309 | +705.8% |
| Amounts receivable within one year | 40/41 | €2,983 | €11,829 | +€8,846 | +296.6% |
| Trade receivables | 40 | €2,703 | €2,383 | -€320 | -11.8% |
| Other amounts receivable | 41 | €280 | €9,446 | +€9,166 | +3271.0% |
| Cash at bank and in hand | 54/58 | €4,854 | €51,316 | +€46,463 | +957.3% |
| Total equity and liabilities | 10/49 | €51,852 | €106,005 | +€54,154 | +104.4% |
| Equity | 10/15 | €51,188 | €91,455 | +€40,267 | +78.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,588 | €72,855 | +€40,267 | +123.6% |
| Amounts payable | 17/49 | €663 | €14,550 | +€13,887 | +2093.4% |
| Amounts payable within one year | 42/48 | €663 | €14,550 | +€13,887 | +2093.4% |
| Trade debts | 44 | €663 | €0 | -€663 | -100.0% |
| Suppliers | 440/4 | €663 | €0 | -€663 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | €14,353 | +€14,353 | |
| Taxes | 450/3 | €0 | €14,353 | +€14,353 | |
| Other amounts payable | 47/48 | - | €197 | +€197 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,878 | €1,155 | -€722 | -38.5% |
| Other operating charges | 640/8 | €1,545 | €1,940 | +€395 | +25.5% |
| Gross operating margin | 9900 | €2,584 | €57,782 | +€55,198 | +2136.4% |
| Operating profit (loss) | 9901 | -€839 | €54,687 | +€55,526 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €53 | €69 | +€15 | +29.0% |
| Recurring financial charges | 65 | €53 | €69 | +€15 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | -€892 | €54,620 | +€55,512 | |
| Income taxes | 67/77 | €0 | €14,353 | +€14,353 | |
| Profit (loss) for the period | 9904 | -€892 | €40,267 | +€41,159 | |
| Profit (loss) for the period to be appropriated | 9905 | -€892 | €40,267 | +€41,159 |
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 10 October 2026 via checked.be.