RIGHT MANAGEMENT BELGIUM: 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.
What changed
RIGHT MANAGEMENT BELGIUM
NACE 78.100, Employment placement agencies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €712,157+€536,357
Equity
€6.9m
2024 · €5.7m+€1.2m
Cash
€4.4m
2024 · €3.5m+€961,989
Balance sheet total
€8.5m
2024 · €7.4m+€1.1m
Largest movements
Assets
- Cash +€961,989
up €961,989 (+27.7%), from €3.5m to €4.4m
mainly Net result for the year (+€1.2m) and Accrued charges and deferred income (+€186,387)
- Receivables within one year +€127,391
up €127,391 (+14.5%), from €875,559 to €1.0m
of which Trade receivables: +€113,556
Equity and liabilities
- Profit (loss) carried forward +€1.2m
up €1.2m (+28.4%), from €4.4m to €5.6m
- Trade debts -€205,157
down €205,157 (-32.4%), from €632,885 to €427,728
- Accrued charges and deferred income +€186,387
up €186,387 (+32.3%), from €577,074 to €763,461
Income statement
- Turnover +€1.1m
up €1.1m (+26.1%), from €4.2m to €5.4m
- Services and other goods +€658,434
up €658,434 (+35.7%), from €1.8m to €2.5m
- Staff costs -€179,319
down €179,319 (-11.7%), from €1.5m to €1.4m
- Taxes +€161,102
up €161,102 (+61.0%), from €264,239 to €425,340
of which Taxes: +€164,649
- Provisions -€61,152
new in 2025: -€61,152
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.
Result 2024
€712,157
Turnover
+€1.1m
Other operating income
-€4,999
Services and other goods
-€658,434
Staff costs
+€179,319
Depreciation
-€2,498
Write-downs
-€2,250
Provisions
+€61,152
Other operating charges
+€2,685
Financial income
+€15,771
Financial charges
-€122
Taxes
-€161,102
Result 2025
€1.2m
raises the resultlowers the result
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.
From operations
+€965,289
Investment
-€3,301
Financing
€0
Cash 2024
€3.5m
From operations (derived)
+€965,289
Net result for the year
+€1.2m
Depreciation
+€5,446
Receivables within one year
-€127,391
Deferred charges and accrued income
-€1,541
Provisions
-€61,152
Trade debts
-€205,157
Tax, wage and social debts
-€79,817
Accrued charges and deferred income
+€186,387
Investment (derived)
-€3,301
Investment in fixed assets (net)
-€3,301
Cash 2025
€4.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,381,501 | €8,470,276 | +€1.1m | +14.8% |
| Fixed assets | 21/28 | €23,289 | €21,144 | -€2,146 | -9.2% |
| Tangible fixed assets | 22/27 | €8,638 | €9,282 | +€644 | +7.5% |
| Furniture and vehicles | 24 | €8,638 | €9,282 | +€644 | +7.5% |
| Financial fixed assets | 28 | €14,652 | €11,862 | -€2,790 | -19.0% |
| Other financial fixed assets | 284/8 | €14,652 | €11,862 | -€2,790 | -19.0% |
| Amounts receivable and cash guarantees | 285/8 | €14,652 | €11,862 | -€2,790 | -19.0% |
| Current assets | 29/58 | €7,358,212 | €8,449,133 | +€1.1m | +14.8% |
| Amounts receivable after more than one year | 29 | €3,000,000 | €3,000,000 | = | 0.0% |
| Other amounts receivable | 291 | €3,000,000 | €3,000,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €875,559 | €1,002,950 | +€127,391 | +14.5% |
| Trade receivables | 40 | €773,736 | €887,292 | +€113,556 | +14.7% |
| Other amounts receivable | 41 | €101,823 | €115,658 | +€13,836 | +13.6% |
| Cash at bank and in hand | 54/58 | €3,474,928 | €4,436,916 | +€961,989 | +27.7% |
| Deferred charges and accrued income | 490/1 | €7,725 | €9,266 | +€1,541 | +19.9% |
| Total equity and liabilities | 10/49 | €7,381,501 | €8,470,276 | +€1.1m | +14.8% |
| Equity | 10/15 | €5,668,584 | €6,917,098 | +€1.2m | +22.0% |
| Contributions | 10/11 | €1,160,579 | €1,160,579 | = | 0.0% |
| Capital | 10 | €1,160,579 | €1,160,579 | = | 0.0% |
| Issued capital | 100 | €1,160,579 | €1,160,579 | = | 0.0% |
| Reserves | 13 | €116,058 | €116,058 | = | 0.0% |
| Non-distributable reserves | 130/1 | €116,058 | €116,058 | = | 0.0% |
| Legal reserve | 130 | €116,058 | €116,058 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,391,947 | €5,640,461 | +€1.2m | +28.4% |
| Provisions and deferred taxes | 16 | €61,152 | - | -€61,152 | |
| Provisions for liabilities and charges | 160/5 | €61,152 | - | -€61,152 | |
| Other liabilities and charges | 164/5 | €61,152 | - | -€61,152 | |
| Amounts payable | 17/49 | €1,651,766 | €1,553,179 | -€98,587 | -6.0% |
| Amounts payable within one year | 42/48 | €1,074,692 | €789,718 | -€284,974 | -26.5% |
| Trade debts | 44 | €632,885 | €427,728 | -€205,157 | -32.4% |
| Suppliers | 440/4 | €632,885 | €427,728 | -€205,157 | -32.4% |
| Taxes, remuneration and social security | 45 | €441,807 | €361,990 | -€79,817 | -18.1% |
| Taxes | 450/3 | €94,383 | €135,789 | +€41,406 | +43.9% |
| Remuneration and social security | 454/9 | €347,424 | €226,201 | -€121,223 | -34.9% |
| Accrued charges and deferred income | 492/3 | €577,074 | €763,461 | +€186,387 | +32.3% |
| Operating income | 70/76A | €4,275,679 | €5,377,514 | +€1.1m | +25.8% |
| Turnover | 70 | €4,247,640 | €5,354,474 | +€1.1m | +26.1% |
| Other operating income | 74 | €28,039 | €23,040 | -€4,999 | -17.8% |
| Operating charges | 60/66A | €3,393,384 | €3,813,410 | +€420,026 | +12.4% |
| Services and other goods | 61 | €1,842,430 | €2,500,864 | +€658,434 | +35.7% |
| Remuneration, social security and pensions | 62 | €1,538,034 | €1,358,715 | -€179,319 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,948 | €5,446 | +€2,498 | +84.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,250 | +€2,250 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€61,152 | -€61,152 | |
| Other operating charges | 640/8 | €9,971 | €7,286 | -€2,685 | -26.9% |
| Operating profit (loss) | 9901 | €882,295 | €1,564,104 | +€681,809 | +77.3% |
| Financial income | 75/76B | €115,680 | €131,451 | +€15,771 | +13.6% |
| Recurring financial income | 75 | €115,680 | €131,451 | +€15,771 | +13.6% |
| Income from financial fixed assets | 750 | €85,680 | €101,451 | +€15,771 | +18.4% |
| Income from current assets | 751 | €30,000 | €30,000 | = | 0.0% |
| Financial charges | 65/66B | €21,579 | €21,701 | +€122 | +0.6% |
| Recurring financial charges | 65 | €21,579 | €21,701 | +€122 | +0.6% |
| Other financial charges | 652/9 | €21,579 | €21,701 | +€122 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €976,396 | €1,673,854 | +€697,459 | +71.4% |
| Income taxes | 67/77 | €264,239 | €425,340 | +€161,102 | +61.0% |
| Taxes | 670/3 | €264,239 | €428,888 | +€164,649 | +62.3% |
| Tax adjustments and reversals of tax provisions | 77 | - | €3,547 | +€3,547 | |
| Profit (loss) for the period | 9904 | €712,157 | €1,248,514 | +€536,357 | +75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €712,157 | €1,248,514 | +€536,357 | +75.3% |
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 28 October 2026 via checked.be.