SR HR SOLUTIONS: 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.
SR HR SOLUTIONS
Largest movements
- Tangible fixed assets +€88,903
up €88,903 (+117%), from €76,246 to €165,149
of which Land and buildings: +€90,717
- Cash -€50,306
down €50,306 (-26.1%), from €192,381 to €142,075
mainly Investment in fixed assets (net) (-€124,668) and Contributions, distributions and other (-€40,000)
- Receivables within one year +€12,129
up €12,129 (+140%), from €8,660 to €20,789
of which Trade receivables: +€14,690
- Debts after one year +€72,226
up €72,226 (+96.2%), from €75,103 to €147,330
- Other debts -€16,482
down €16,482 (-100%), from €16,482 to €0
- Reserves -€15,680
down €15,680 (-11.6%), from €134,860 to €119,180
of which Distributable reserves: -€13,820
- Tax, wage and social debts +€8,649
up €8,649 (+125%), from €6,924 to €15,573
- Current portion of long-term debt +€5,143
up €5,143 (+29.3%), from €17,538 to €22,681
- Depreciation +€14,033
up €14,033 (+64.6%), from €21,732 to €35,765
- Gross operating margin -€8,562
down €8,562 (-9.8%), from €87,582 to €79,019
- Taxes -€6,299
down €6,299 (-37.8%), from €16,662 to €10,364
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 | €280,328 | €329,587 | +€49,259 | +17.6% |
| Fixed assets | 21/28 | €76,246 | €165,149 | +€88,903 | +117% |
| Tangible fixed assets | 22/27 | €76,246 | €165,149 | +€88,903 | +117% |
| Land and buildings | 22 | €72,411 | €163,128 | +€90,717 | +125% |
| Furniture and vehicles | 24 | €3,835 | €2,020 | -€1,815 | -47.3% |
| Current assets | 29/58 | €204,082 | €164,439 | -€39,644 | -19.4% |
| Amounts receivable within one year | 40/41 | €8,660 | €20,789 | +€12,129 | +140% |
| Trade receivables | 40 | €3,872 | €18,562 | +€14,690 | +379% |
| Other amounts receivable | 41 | €4,788 | €2,227 | -€2,560 | -53.5% |
| Cash at bank and in hand | 54/58 | €192,381 | €142,075 | -€50,306 | -26.1% |
| Deferred charges and accrued income | 490/1 | €3,041 | €1,574 | -€1,467 | -48.2% |
| Total equity and liabilities | 10/49 | €280,328 | €329,587 | +€49,259 | +17.6% |
| Equity | 10/15 | €158,280 | €142,600 | -€15,680 | -9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €134,860 | €119,180 | -€15,680 | -11.6% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €133,000 | €119,180 | -€13,820 | -10.4% |
| Profit (loss) carried forward | 14 | €4,820 | €4,820 | +€0 | 0.0% |
| Amounts payable | 17/49 | €122,048 | €186,987 | +€64,939 | +53.2% |
| Amounts payable after more than one year | 17 | €75,103 | €147,330 | +€72,226 | +96.2% |
| Financial debts | 170/4 | €75,103 | €147,330 | +€72,226 | +96.2% |
| Amounts payable within one year | 42/48 | €44,756 | €39,657 | -€5,099 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €17,538 | €22,681 | +€5,143 | +29.3% |
| Trade debts | 44 | €3,812 | €1,402 | -€2,410 | -63.2% |
| Suppliers | 440/4 | €3,812 | €1,402 | -€2,410 | -63.2% |
| Taxes, remuneration and social security | 45 | €6,924 | €15,573 | +€8,649 | +125% |
| Taxes | 450/3 | €6,924 | €15,573 | +€8,649 | +125% |
| Other amounts payable | 47/48 | €16,482 | €0 | -€16,482 | -100% |
| Accrued charges and deferred income | 492/3 | €2,188 | €0 | -€2,188 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,732 | €35,765 | +€14,033 | +64.6% |
| Other operating charges | 640/8 | €2,965 | €2,778 | -€187 | -6.3% |
| Gross operating margin | 9900 | €87,582 | €79,019 | -€8,562 | -9.8% |
| Operating profit (loss) | 9901 | €62,885 | €40,476 | -€22,408 | -35.6% |
| Financial income | 75/76B | €6 | €372 | +€366 | +6,136% |
| Recurring financial income | 75 | €6 | €372 | +€366 | +6,136% |
| Financial charges | 65/66B | €6,461 | €6,165 | -€296 | -4.6% |
| Recurring financial charges | 65 | €6,461 | €6,165 | -€296 | -4.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €56,430 | €34,684 | -€21,746 | -38.5% |
| Income taxes | 67/77 | €16,662 | €10,364 | -€6,299 | -37.8% |
| Profit (loss) for the period | 9904 | €39,768 | €24,320 | -€15,448 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,768 | €24,320 | -€15,448 | -38.8% |
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 27 October 2026 via checked.be.