HRXpertise: 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.
HRXpertise
Largest movements
- Cash +€121,973
up €121,973 (+42.7%), from €285,901 to €407,874
mainly Net result for the year (+€102,771) and Receivables within one year (+€44,825)
- Receivables within one year -€44,825
down €44,825 (-19.6%), from €228,912 to €184,087
of which Trade receivables: -€39,928
- Tangible fixed assets -€33,399
down €33,399 (-15.0%), from €223,064 to €189,666
of which Other tangible fixed assets: -€17,720
- Reserves +€102,771
up €102,771 (+137%), from €75,164 to €177,935
- Other debts -€43,322
down €43,322 (-7.2%), from €602,271 to €558,949
- Tax, wage and social debts -€14,094
down €14,094 (-34.8%), from €40,498 to €26,404
of which Taxes: -€14,121
- Gross operating margin -€18,678
down €18,678 (-9.9%), from €188,184 to €169,506
- Taxes -€5,208
down €5,208 (-13.8%), from €37,613 to €32,405
- Depreciation +€3,751
up €3,751 (+12.7%), from €29,648 to €33,399
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 | €739,127 | €783,679 | +€44,551 | +6.0% |
| Fixed assets | 21/28 | €224,314 | €190,916 | -€33,399 | -14.9% |
| Tangible fixed assets | 22/27 | €223,064 | €189,666 | -€33,399 | -15.0% |
| Land and buildings | 22 | €3,735 | €2,947 | -€788 | -21.1% |
| Furniture and vehicles | 24 | €62,576 | €47,686 | -€14,891 | -23.8% |
| Other tangible fixed assets | 26 | €156,753 | €139,033 | -€17,720 | -11.3% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €514,813 | €592,763 | +€77,950 | +15.1% |
| Amounts receivable within one year | 40/41 | €228,912 | €184,087 | -€44,825 | -19.6% |
| Trade receivables | 40 | €216,249 | €176,321 | -€39,928 | -18.5% |
| Other amounts receivable | 41 | €12,663 | €7,766 | -€4,898 | -38.7% |
| Cash at bank and in hand | 54/58 | €285,901 | €407,874 | +€121,973 | +42.7% |
| Deferred charges and accrued income | 490/1 | - | €802 | +€802 | |
| Total equity and liabilities | 10/49 | €739,127 | €783,679 | +€44,551 | +6.0% |
| Equity | 10/15 | €93,764 | €196,535 | +€102,771 | +110% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,164 | €177,935 | +€102,771 | +137% |
| Distributable reserves | 133 | €75,164 | €177,935 | +€102,771 | +137% |
| Amounts payable | 17/49 | €645,364 | €587,144 | -€58,220 | -9.0% |
| Amounts payable within one year | 42/48 | €645,364 | €587,144 | -€58,220 | -9.0% |
| Trade debts | 44 | €2,595 | €1,791 | -€804 | -31.0% |
| Suppliers | 440/4 | €2,595 | €1,791 | -€804 | -31.0% |
| Taxes, remuneration and social security | 45 | €40,498 | €26,404 | -€14,094 | -34.8% |
| Taxes | 450/3 | €38,077 | €23,956 | -€14,121 | -37.1% |
| Remuneration and social security | 454/9 | €2,422 | €2,448 | +€27 | +1.1% |
| Other amounts payable | 47/48 | €602,271 | €558,949 | -€43,322 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,648 | €33,399 | +€3,751 | +12.7% |
| Other operating charges | 640/8 | €1,239 | €1,223 | -€16 | -1.3% |
| Gross operating margin | 9900 | €188,184 | €169,506 | -€18,678 | -9.9% |
| Operating profit (loss) | 9901 | €157,297 | €134,884 | -€22,414 | -14.2% |
| Financial income | 75/76B | €523 | €571 | +€48 | +9.2% |
| Recurring financial income | 75 | €523 | €571 | +€48 | +9.2% |
| Financial charges | 65/66B | €284 | €278 | -€5 | -1.8% |
| Recurring financial charges | 65 | €284 | €278 | -€5 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €157,537 | €135,176 | -€22,360 | -14.2% |
| Income taxes | 67/77 | €37,613 | €32,405 | -€5,208 | -13.8% |
| Profit (loss) for the period | 9904 | €119,923 | €102,771 | -€17,152 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €119,923 | €102,771 | -€17,152 | -14.3% |
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 18 October 2026 via checked.be.