HRWeb Solutions: 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.
HRWeb Solutions
Largest movements
- Cash +€2.1m
up €2.1m (+57.5%), from €3.7m to €5.9m
mainly Net result for the year (+€2.3m) and Receivables within one year (+€761,511)
- Receivables within one year -€761,511
down €761,511 (-35.9%), from €2.1m to €1.4m
of which Trade receivables: -€489,132
- Intangible fixed assets +€259,713
up €259,713 (+339.2%), from €76,565 to €336,278
- Profit (loss) carried forward +€2.3m
up €2.3m (+116.9%), from €1.9m to €4.2m
- Accrued charges and deferred income -€1.0m
down €1.0m (-37.8%), from €2.7m to €1.6m
- Tax, wage and social debts +€258,590
up €258,590 (+59.8%), from €432,071 to €690,660
of which Taxes: +€320,498
- Trade debts +€199,852
up €199,852 (+20.8%), from €959,650 to €1.2m
- Gross operating margin +€2.8m
up €2.8m (+106.9%), from €2.6m to €5.4m
- Taxes +€687,913
up €687,913 (+575.4%), from €119,546 to €807,460
- Write-downs +€93,276
new in 2025: €93,276
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 | €6,101,779 | €7,789,769 | +€1.7m | +27.7% |
| Fixed assets | 21/28 | €208,425 | €477,949 | +€269,524 | +129.3% |
| Intangible fixed assets | 21 | €76,565 | €336,278 | +€259,713 | +339.2% |
| Tangible fixed assets | 22/27 | €76,331 | €86,142 | +€9,811 | +12.9% |
| Plant, machinery and equipment | 23 | €22,824 | €16,188 | -€6,636 | -29.1% |
| Furniture and vehicles | 24 | €3,629 | €23,915 | +€20,286 | +559.0% |
| Other tangible fixed assets | 26 | €49,878 | €46,039 | -€3,839 | -7.7% |
| Financial fixed assets | 28 | €55,529 | €55,529 | = | 0.0% |
| Current assets | 29/58 | €5,893,354 | €7,311,821 | +€1.4m | +24.1% |
| Amounts receivable within one year | 40/41 | €2,118,449 | €1,356,938 | -€761,511 | -35.9% |
| Trade receivables | 40 | €1,815,464 | €1,326,332 | -€489,132 | -26.9% |
| Other amounts receivable | 41 | €302,985 | €30,606 | -€272,379 | -89.9% |
| Cash at bank and in hand | 54/58 | €3,730,759 | €5,877,320 | +€2.1m | +57.5% |
| Deferred charges and accrued income | 490/1 | €44,146 | €77,562 | +€33,416 | +75.7% |
| Total equity and liabilities | 10/49 | €6,101,779 | €7,789,769 | +€1.7m | +27.7% |
| Equity | 10/15 | €2,031,554 | €4,291,613 | +€2.3m | +111.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,269 | €79,269 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,409 | €16,409 | = | 0.0% |
| Distributable reserves | 133 | €62,860 | €62,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,933,685 | €4,193,743 | +€2.3m | +116.9% |
| Amounts payable | 17/49 | €4,070,224 | €3,498,157 | -€572,068 | -14.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,419,719 | €1,850,189 | +€430,470 | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €22,999 | €0 | -€22,999 | -100.0% |
| Trade debts | 44 | €959,650 | €1,159,502 | +€199,852 | +20.8% |
| Suppliers | 440/4 | €959,650 | €1,159,502 | +€199,852 | +20.8% |
| Taxes, remuneration and social security | 45 | €432,071 | €690,660 | +€258,590 | +59.8% |
| Taxes | 450/3 | €169,975 | €490,473 | +€320,498 | +188.6% |
| Remuneration and social security | 454/9 | €262,095 | €200,187 | -€61,908 | -23.6% |
| Other amounts payable | 47/48 | €5,000 | €27 | -€4,974 | -99.5% |
| Accrued charges and deferred income | 492/3 | €2,650,505 | €1,647,968 | -€1.0m | -37.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,101,620 | €2,125,738 | +€24,118 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,799 | €80,782 | -€11,017 | -12.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €93,276 | +€93,276 | |
| Other operating charges | 640/8 | €19,957 | €5,503 | -€14,454 | -72.4% |
| Non-recurring operating charges | 66A | - | €8,596 | +€8,596 | |
| Gross operating margin | 9900 | €2,613,648 | €5,406,932 | +€2.8m | +106.9% |
| Operating profit (loss) | 9901 | €400,272 | €3,093,036 | +€2.7m | +672.7% |
| Financial income | 75/76B | €20,764 | €19,062 | -€1,702 | -8.2% |
| Recurring financial income | 75 | €20,764 | €19,062 | -€1,702 | -8.2% |
| Financial charges | 65/66B | €34,770 | €44,580 | +€9,810 | +28.2% |
| Recurring financial charges | 65 | €34,770 | €44,580 | +€9,810 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | €386,267 | €3,067,518 | +€2.7m | +694.1% |
| Income taxes | 67/77 | €119,546 | €807,460 | +€687,913 | +575.4% |
| Profit (loss) for the period | 9904 | €266,720 | €2,260,058 | +€2.0m | +747.4% |
| Profit (loss) for the period to be appropriated | 9905 | €266,720 | €2,260,058 | +€2.0m | +747.4% |
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 29 September 2026 via checked.be.