HUMAN COMPETENCE MANAGEMENT: 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 COMPETENCE MANAGEMENT
Largest movements
- Receivables within one year +€29,562
up €29,562 (+112%), from €26,424 to €55,986
of which Trade receivables: +€41,500
- Tangible fixed assets -€26,995
down €26,995 (-5.2%), from €523,631 to €496,636
of which Land and buildings: -€26,422
- Cash +€22,818
up €22,818 (+49.3%), from €46,312 to €69,130
mainly Net result for the year (+€44,969) and Depreciation (+€26,995)
- Profit (loss) carried forward +€44,969
up €44,969 (+36.3%), from €123,774 to €168,743
- Trade debts -€22,891
down €22,891 (-82.8%), from €27,659 to €4,769
- Debts after one year +€22,131
up €22,131 (+15.7%), from €140,754 to €162,885
- Current portion of long-term debt -€19,827
down €19,827 (-24.0%), from €82,697 to €62,869
- Other operating charges -€60,755
down €60,755 (-95.5%), from €63,585 to €2,830
- Gross operating margin -€21,324
down €21,324 (-17.0%), from €125,351 to €104,028
- Taxes +€15,289
up €15,289 (+359%), from €4,260 to €19,549
- Financial charges -€4,838
down €4,838 (-32.5%), from €14,886 to €10,048
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 | €596,367 | €621,752 | +€25,385 | +4.3% |
| Fixed assets | 21/28 | €523,631 | €496,636 | -€26,995 | -5.2% |
| Tangible fixed assets | 22/27 | €523,631 | €496,636 | -€26,995 | -5.2% |
| Land and buildings | 22 | €522,071 | €495,649 | -€26,422 | -5.1% |
| Furniture and vehicles | 24 | €1,560 | €987 | -€573 | -36.7% |
| Current assets | 29/58 | €72,736 | €125,116 | +€52,380 | +72.0% |
| Amounts receivable within one year | 40/41 | €26,424 | €55,986 | +€29,562 | +112% |
| Trade receivables | 40 | €3,943 | €45,444 | +€41,500 | +1,052% |
| Other amounts receivable | 41 | €22,481 | €10,542 | -€11,938 | -53.1% |
| Cash at bank and in hand | 54/58 | €46,312 | €69,130 | +€22,818 | +49.3% |
| Total equity and liabilities | 10/49 | €596,367 | €621,752 | +€25,385 | +4.3% |
| Equity | 10/15 | €311,009 | €355,978 | +€44,969 | +14.5% |
| Contributions | 10/11 | €144,600 | €144,600 | = | 0.0% |
| Reserves | 13 | €42,635 | €42,635 | = | 0.0% |
| Distributable reserves | 133 | €42,635 | €42,635 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,774 | €168,743 | +€44,969 | +36.3% |
| Amounts payable | 17/49 | €285,359 | €265,774 | -€19,585 | -6.9% |
| Amounts payable after more than one year | 17 | €140,754 | €162,885 | +€22,131 | +15.7% |
| Financial debts | 170/4 | €140,754 | €162,885 | +€22,131 | +15.7% |
| Amounts payable within one year | 42/48 | €144,604 | €99,817 | -€44,787 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €82,697 | €62,869 | -€19,827 | -24.0% |
| Trade debts | 44 | €27,659 | €4,769 | -€22,891 | -82.8% |
| Suppliers | 440/4 | €27,659 | €4,769 | -€22,891 | -82.8% |
| Taxes, remuneration and social security | 45 | €30,116 | €24,481 | -€5,636 | -18.7% |
| Taxes | 450/3 | €30,116 | €24,481 | -€5,636 | -18.7% |
| Other amounts payable | 47/48 | €4,132 | €7,699 | +€3,567 | +86.3% |
| Accrued charges and deferred income | 492/3 | - | €3,071 | +€3,071 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,526 | €26,995 | +€469 | +1.8% |
| Other operating charges | 640/8 | €63,585 | €2,830 | -€60,755 | -95.5% |
| Gross operating margin | 9900 | €125,351 | €104,028 | -€21,324 | -17.0% |
| Operating profit (loss) | 9901 | €35,240 | €74,202 | +€38,962 | +111% |
| Financial income | 75/76B | - | €363 | +€363 | |
| Recurring financial income | 75 | - | €363 | +€363 | |
| Financial charges | 65/66B | €14,886 | €10,048 | -€4,838 | -32.5% |
| Recurring financial charges | 65 | €14,886 | €10,048 | -€4,838 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €20,355 | €64,518 | +€44,163 | +217% |
| Income taxes | 67/77 | €4,260 | €19,549 | +€15,289 | +359% |
| Profit (loss) for the period | 9904 | €16,095 | €44,969 | +€28,875 | +179% |
| Profit (loss) for the period to be appropriated | 9905 | €16,095 | €44,969 | +€28,875 | +179% |
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 16 October 2026 via checked.be.