HRwise: 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.
HRwise
Largest movements
- Cash -€52,842
down €52,842 (-52.1%), from €101,435 to €48,593
mainly Receivables within one year (-€24,212) and Trade debts (-€18,891)
- Receivables within one year +€24,212
up €24,212 (+88.5%), from €27,347 to €51,558
- Trade debts -€18,891
down €18,891 (-95.9%), from €19,692 to €801
- Tax, wage and social debts -€9,079
down €9,079 (-16.4%), from €55,275 to €46,195
of which Remuneration and social security: -€12,160
- Gross operating margin -€132,065
down €132,065 (-51.2%), from €258,172 to €126,108
- Staff costs -€74,732
down €74,732 (-38.7%), from €193,107 to €118,375
- Taxes -€13,476
down €13,476 (-80.7%), from €16,697 to €3,221
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 | €130,893 | €102,958 | -€27,935 | -21.3% |
| Fixed assets | 21/28 | €1,503 | €1,128 | -€374 | -24.9% |
| Tangible fixed assets | 22/27 | €1,103 | €728 | -€374 | -34.0% |
| Plant, machinery and equipment | 23 | €1,103 | €728 | -€374 | -34.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €129,390 | €101,829 | -€27,561 | -21.3% |
| Amounts receivable within one year | 40/41 | €27,347 | €51,558 | +€24,212 | +88.5% |
| Trade receivables | 40 | €27,347 | €51,558 | +€24,212 | +88.5% |
| Cash at bank and in hand | 54/58 | €101,435 | €48,593 | -€52,842 | -52.1% |
| Deferred charges and accrued income | 490/1 | €609 | €1,678 | +€1,069 | +175.7% |
| Total equity and liabilities | 10/49 | €130,893 | €102,958 | -€27,935 | -21.3% |
| Equity | 10/15 | €55,926 | €55,961 | +€35 | +0.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €45,926 | €45,926 | = | 0.0% |
| Distributable reserves | 133 | €45,926 | €45,926 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €35 | +€35 | |
| Amounts payable | 17/49 | €74,967 | €46,996 | -€27,971 | -37.3% |
| Amounts payable within one year | 42/48 | €74,967 | €46,996 | -€27,971 | -37.3% |
| Trade debts | 44 | €19,692 | €801 | -€18,891 | -95.9% |
| Suppliers | 440/4 | €19,692 | €801 | -€18,891 | -95.9% |
| Taxes, remuneration and social security | 45 | €55,275 | €46,195 | -€9,079 | -16.4% |
| Taxes | 450/3 | €20,560 | €23,640 | +€3,081 | +15.0% |
| Remuneration and social security | 454/9 | €34,715 | €22,555 | -€12,160 | -35.0% |
| Remuneration, social security and pensions | 62 | €193,107 | €118,375 | -€74,732 | -38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,672 | €374 | -€1,297 | -77.6% |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Non-recurring operating charges | 66A | - | €3,612 | +€3,612 | |
| Gross operating margin | 9900 | €258,172 | €126,108 | -€132,065 | -51.2% |
| Operating profit (loss) | 9901 | €62,622 | €3,347 | -€59,275 | -94.7% |
| Financial income | 75/76B | €1 | €0 | -€1 | -96.9% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -96.9% |
| Financial charges | 65/66B | - | €90 | +€90 | |
| Recurring financial charges | 65 | - | €90 | +€90 | |
| Profit (loss) for the period before taxes | 9903 | €62,623 | €3,257 | -€59,366 | -94.8% |
| Income taxes | 67/77 | €16,697 | €3,221 | -€13,476 | -80.7% |
| Profit (loss) for the period | 9904 | €45,926 | €35 | -€45,891 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,926 | €35 | -€45,891 | -99.9% |
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 7 October 2026 via checked.be.