Robert Half Project Sourcing: 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.
Robert Half Project Sourcing
Largest movements
- Receivables within one year +€623,078
up €623,078 (+262%), from €238,045 to €861,123
of which Trade receivables: +€644,433
- Cash +€377,843
up €377,843 (+190%), from €199,207 to €577,050
mainly Contributions, distributions and other (+€1.9m) and Tax, wage and social debts (+€424,091)
- Tangible fixed assets +€60,403
up €60,403 (+1,060%), from €5,698 to €66,101
- Deferred charges and accrued income +€18,277
up €18,277 (+342%), from €5,349 to €23,626
- Contributions +€1.9m
up €1.9m (+380%), from €500,000 to €2.4m
- Profit (loss) carried forward -€857,430
down €857,430 (-94.1%), from -€911,315 to -€1.8m
- Debts after one year -€500,000
no longer reported in 2025 (was €500,000)
- Tax, wage and social debts +€424,091
up €424,091 (+330%), from €128,582 to €552,673
of which Remuneration and social security: +€290,698
- Trade debts +€273,636
up €273,636 (+762%), from €35,889 to €309,525
- Turnover +€3.8m
up €3.8m (+681%), from €558,858 to €4.4m
- Staff costs +€2.0m
up €2.0m (+266%), from €735,608 to €2.7m
- Services and other goods +€1.8m
up €1.8m (+284%), from €644,649 to €2.5m
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 | €448,299 | €1,527,900 | +€1.1m | +241% |
| Fixed assets | 21/28 | €5,698 | €66,101 | +€60,403 | +1,060% |
| Tangible fixed assets | 22/27 | €5,698 | €66,101 | +€60,403 | +1,060% |
| Plant, machinery and equipment | 23 | €5,698 | €66,101 | +€60,403 | +1,060% |
| Current assets | 29/58 | €442,601 | €1,461,799 | +€1.0m | +230% |
| Amounts receivable within one year | 40/41 | €238,045 | €861,123 | +€623,078 | +262% |
| Trade receivables | 40 | €216,690 | €861,123 | +€644,433 | +297% |
| Other amounts receivable | 41 | €21,355 | - | -€21,355 | |
| Cash at bank and in hand | 54/58 | €199,207 | €577,050 | +€377,843 | +190% |
| Deferred charges and accrued income | 490/1 | €5,349 | €23,626 | +€18,277 | +342% |
| Total equity and liabilities | 10/49 | €448,299 | €1,527,900 | +€1.1m | +241% |
| Equity | 10/15 | -€411,315 | €631,255 | +€1.0m | |
| Contributions | 10/11 | €500,000 | €2,400,000 | +€1.9m | +380% |
| Profit (loss) carried forward | 14 | -€911,315 | -€1,768,745 | -€857,430 | -94.1% |
| Amounts payable | 17/49 | €859,614 | €896,645 | +€37,031 | +4.3% |
| Amounts payable after more than one year | 17 | €500,000 | - | -€500,000 | |
| Financial debts | 170/4 | €500,000 | - | -€500,000 | |
| Other loans | 174 | €500,000 | - | -€500,000 | |
| Amounts payable within one year | 42/48 | €340,789 | €882,181 | +€541,392 | +159% |
| Trade debts | 44 | €35,889 | €309,525 | +€273,636 | +762% |
| Suppliers | 440/4 | €35,889 | €309,525 | +€273,636 | +762% |
| Taxes, remuneration and social security | 45 | €128,582 | €552,673 | +€424,091 | +330% |
| Taxes | 450/3 | €5,284 | €138,677 | +€133,393 | +2,524% |
| Remuneration and social security | 454/9 | €123,298 | €413,996 | +€290,698 | +236% |
| Other amounts payable | 47/48 | €176,318 | €19,983 | -€156,335 | -88.7% |
| Accrued charges and deferred income | 492/3 | €18,825 | €14,464 | -€4,361 | -23.2% |
| Operating income | 70/76A | €563,717 | €4,373,185 | +€3.8m | +676% |
| Turnover | 70 | €558,858 | €4,365,592 | +€3.8m | +681% |
| Other operating income | 74 | €4,859 | €7,593 | +€2,734 | +56.3% |
| Operating charges | 60/66A | €1,381,180 | €5,183,285 | +€3.8m | +275% |
| Services and other goods | 61 | €644,649 | €2,477,635 | +€1.8m | +284% |
| Remuneration, social security and pensions | 62 | €735,608 | €2,693,543 | +€2.0m | +266% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €805 | €11,306 | +€10,501 | +1,304% |
| Other operating charges | 640/8 | €118 | €801 | +€683 | +579% |
| Operating profit (loss) | 9901 | -€817,463 | -€810,100 | +€7,363 | +0.9% |
| Financial income | 75/76B | - | €69 | +€69 | |
| Recurring financial income | 75 | - | €69 | +€69 | |
| Other financial income | 752/9 | - | €69 | +€69 | |
| Financial charges | 65/66B | €11,373 | €37,399 | +€26,026 | +229% |
| Recurring financial charges | 65 | €11,373 | €37,399 | +€26,026 | +229% |
| Debt charges | 650 | €10,863 | €36,984 | +€26,121 | +240% |
| Other financial charges | 652/9 | €510 | €415 | -€95 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | -€828,836 | -€847,430 | -€18,594 | -2.2% |
| Income taxes | 67/77 | - | €10,000 | +€10,000 | |
| Taxes | 670/3 | - | €10,000 | +€10,000 | |
| Profit (loss) for the period | 9904 | -€828,836 | -€857,430 | -€28,594 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€828,836 | -€857,430 | -€28,594 | -3.4% |
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 19 October 2026 via checked.be.