Human Capital Group: 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.
Human Capital Group
Largest movements
- Tangible fixed assets +€52,841
new in 2023: €52,841
- Deferred charges and accrued income -€17,323
down €17,323 (-97.2%), from €17,830 to €507
- Intangible fixed assets -€12,000
down €12,000 (-21.9%), from €54,773 to €42,773
- Cash -€2,890
down €2,890 (-14.1%), from €20,459 to €17,569
mainly Investment in fixed assets (net) (-€60,958) and Trade debts (-€29,131)
- Receivables within one year +€1,584
up €1,584 (+11.2%), from €14,163 to €15,747
of which Trade receivables: +€6,589
- Debts after one year +€40,747
new in 2023: €40,747
- Trade debts -€29,131
down €29,131 (-75.8%), from €38,442 to €9,311
- Current portion of long-term debt +€15,476
new in 2023: €15,476
- Other debts -€15,053
down €15,053 (-57.1%), from €26,374 to €11,321
- Profit (loss) carried forward +€11,334
up €11,334 (+518%), from €2,189 to €13,523
- Depreciation +€14,889
up €14,889 (+285%), from €5,227 to €20,117
- Gross operating margin +€7,652
up €7,652 (+19.3%), from €39,682 to €47,333
- Taxes +€7,591
new in 2023: €7,591
- Write-downs -€3,195
new in 2023: -€3,195
- Other operating charges +€3,145
up €3,145 (+6,291%), from €50 to €3,195
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,225 | €129,437 | +€22,213 | +20.7% |
| Fixed assets | 21/28 | €54,773 | €95,614 | +€40,841 | +74.6% |
| Intangible fixed assets | 21 | €54,773 | €42,773 | -€12,000 | -21.9% |
| Tangible fixed assets | 22/27 | - | €52,841 | +€52,841 | |
| Furniture and vehicles | 24 | - | €52,841 | +€52,841 | |
| Current assets | 29/58 | €52,452 | €33,824 | -€18,628 | -35.5% |
| Amounts receivable within one year | 40/41 | €14,163 | €15,747 | +€1,584 | +11.2% |
| Trade receivables | 40 | €9,146 | €15,736 | +€6,589 | +72.0% |
| Other amounts receivable | 41 | €5,017 | €12 | -€5,006 | -99.8% |
| Cash at bank and in hand | 54/58 | €20,459 | €17,569 | -€2,890 | -14.1% |
| Deferred charges and accrued income | 490/1 | €17,830 | €507 | -€17,323 | -97.2% |
| Total equity and liabilities | 10/49 | €107,225 | €129,437 | +€22,213 | +20.7% |
| Equity | 10/15 | €38,489 | €49,823 | +€11,334 | +29.4% |
| Contributions | 10/11 | €36,300 | €36,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,189 | €13,523 | +€11,334 | +518% |
| Amounts payable | 17/49 | €68,735 | €79,614 | +€10,879 | +15.8% |
| Amounts payable after more than one year | 17 | - | €40,747 | +€40,747 | |
| Financial debts | 170/4 | - | €40,747 | +€40,747 | |
| Amounts payable within one year | 42/48 | €68,735 | €38,868 | -€29,868 | -43.5% |
| Current portion of amounts payable after more than one year | 42 | - | €15,476 | +€15,476 | |
| Trade debts | 44 | €38,442 | €9,311 | -€29,131 | -75.8% |
| Suppliers | 440/4 | €38,442 | €9,311 | -€29,131 | -75.8% |
| Taxes, remuneration and social security | 45 | €3,920 | €2,760 | -€1,160 | -29.6% |
| Taxes | 450/3 | €3,920 | €2,760 | -€1,160 | -29.6% |
| Other amounts payable | 47/48 | €26,374 | €11,321 | -€15,053 | -57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,227 | €20,117 | +€14,889 | +285% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€3,195 | -€3,195 | |
| Other operating charges | 640/8 | €50 | €3,195 | +€3,145 | +6,291% |
| Gross operating margin | 9900 | €39,682 | €47,333 | +€7,652 | +19.3% |
| Operating profit (loss) | 9901 | €34,404 | €27,217 | -€7,188 | -20.9% |
| Financial income | 75/76B | - | €55 | +€55 | |
| Recurring financial income | 75 | - | €55 | +€55 | |
| Financial charges | 65/66B | €223 | €2,347 | +€2,124 | +954% |
| Recurring financial charges | 65 | €223 | €2,347 | +€2,124 | +954% |
| Profit (loss) for the period before taxes | 9903 | €34,181 | €24,925 | -€9,256 | -27.1% |
| Income taxes | 67/77 | - | €7,591 | +€7,591 | |
| Profit (loss) for the period | 9904 | €34,181 | €17,334 | -€16,848 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,181 | €17,334 | -€16,848 | -49.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.