Human Capital Services: 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 Services
Largest movements
- Receivables within one year +€321,690
up €321,690 (+65.9%), from €488,258 to €809,948
of which Other amounts receivable: +€296,542
- Profit (loss) carried forward +€304,799
up €304,799 (+94.2%), from €323,559 to €628,357
- Tax, wage and social debts +€12,384
up €12,384 (+43.2%), from €28,688 to €41,072
of which Taxes: +€10,358
- Gross operating margin -€74,505
down €74,505 (-12.1%), from €613,868 to €539,363
- Staff costs -€27,713
down €27,713 (-18.7%), from €148,134 to €120,421
- Depreciation -€13,155
down €13,155 (-72.4%), from €18,175 to €5,020
- Taxes -€7,119
down €7,119 (-6.3%), from €112,379 to €105,260
- Financial charges -€6,703
down €6,703 (-94.4%), from €7,101 to €398
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 | €623,985 | €940,669 | +€316,684 | +50.8% |
| Fixed assets | 21/28 | €17,092 | €12,072 | -€5,020 | -29.4% |
| Tangible fixed assets | 22/27 | €17,092 | €12,072 | -€5,020 | -29.4% |
| Plant, machinery and equipment | 23 | €1,871 | €1,694 | -€177 | -9.4% |
| Furniture and vehicles | 24 | €15,220 | €10,377 | -€4,843 | -31.8% |
| Current assets | 29/58 | €606,894 | €928,597 | +€321,704 | +53.0% |
| Amounts receivable within one year | 40/41 | €488,258 | €809,948 | +€321,690 | +65.9% |
| Trade receivables | 40 | €83,027 | €108,175 | +€25,148 | +30.3% |
| Other amounts receivable | 41 | €405,231 | €701,773 | +€296,542 | +73.2% |
| Cash at bank and in hand | 54/58 | €117,501 | €115,461 | -€2,040 | -1.7% |
| Deferred charges and accrued income | 490/1 | €1,135 | €3,188 | +€2,053 | +181% |
| Total equity and liabilities | 10/49 | €623,985 | €940,669 | +€316,684 | +50.8% |
| Equity | 10/15 | €583,619 | €888,417 | +€304,799 | +52.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €241,460 | €241,460 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €239,600 | €239,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €323,559 | €628,357 | +€304,799 | +94.2% |
| Amounts payable | 17/49 | €40,367 | €52,252 | +€11,885 | +29.4% |
| Amounts payable within one year | 42/48 | €40,367 | €52,252 | +€11,885 | +29.4% |
| Trade debts | 44 | €8,889 | €8,390 | -€499 | -5.6% |
| Suppliers | 440/4 | €8,889 | €8,390 | -€499 | -5.6% |
| Advances received on contracts in progress | 46 | €2,790 | €2,790 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €28,688 | €41,072 | +€12,384 | +43.2% |
| Taxes | 450/3 | €8,982 | €19,340 | +€10,358 | +115% |
| Remuneration and social security | 454/9 | €19,707 | €21,732 | +€2,026 | +10.3% |
| Remuneration, social security and pensions | 62 | €148,134 | €120,421 | -€27,713 | -18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,175 | €5,020 | -€13,155 | -72.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €360 | - | -€360 | |
| Other operating charges | 640/8 | €5,209 | €3,540 | -€1,669 | -32.0% |
| Gross operating margin | 9900 | €613,868 | €539,363 | -€74,505 | -12.1% |
| Operating profit (loss) | 9901 | €441,991 | €410,383 | -€31,608 | -7.2% |
| Financial income | 75/76B | €1,047 | €74 | -€973 | -92.9% |
| Recurring financial income | 75 | €1,047 | €74 | -€973 | -92.9% |
| Financial charges | 65/66B | €7,101 | €398 | -€6,703 | -94.4% |
| Recurring financial charges | 65 | €7,101 | €398 | -€6,703 | -94.4% |
| Profit (loss) for the period before taxes | 9903 | €435,938 | €410,059 | -€25,879 | -5.9% |
| Income taxes | 67/77 | €112,379 | €105,260 | -€7,119 | -6.3% |
| Profit (loss) for the period | 9904 | €323,559 | €304,799 | -€18,760 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €323,559 | €304,799 | -€18,760 | -5.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.