Human Construct: 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 Construct
Largest movements
- Stocks and contracts -€454,291
down €454,291 (-98.8%), from €459,791 to €5,500
- Receivables within one year +€287,889
up €287,889 (+523.0%), from €55,043 to €342,932
of which Trade receivables: +€253,045
- Tangible fixed assets -€19,198
down €19,198 (-44.0%), from €43,673 to €24,476
of which Furniture and vehicles: -€14,754
- Cash +€6,696
up €6,696 (+41.7%), from €16,063 to €22,760
mainly Stocks and contracts (+€454,291) and Trade debts (+€213,537)
- Debts after one year -€297,113
down €297,113 (-97.8%), from €303,769 to €6,656
- Trade debts +€213,537
up €213,537 (+447.1%), from €47,757 to €261,294
- Other debts -€187,217
down €187,217 (-100.0%), from €187,217 to €0
- Reserves +€48,358
up €48,358 (+114.0%), from €42,415 to €90,772
- Tax, wage and social debts +€25,207
up €25,207 (+59379.3%), from €42 to €25,249
of which Taxes: +€25,207
- Gross operating margin +€98,403
up €98,403 (+503.8%), from €19,532 to €117,935
- Taxes +€24,886
up €24,886 (+46541.9%), from €53 to €24,939
- Financial charges -€8,648
down €8,648 (-56.4%), from €15,333 to €6,686
- Other operating charges -€1,180
down €1,180 (-50.4%), from €2,341 to €1,161
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.
Cash bridge derived
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 | €575,878 | €396,163 | -€179,715 | -31.2% |
| Formation expenses | 20 | €431 | €253 | -€178 | -41.3% |
| Fixed assets | 21/28 | €43,673 | €24,476 | -€19,198 | -44.0% |
| Tangible fixed assets | 22/27 | €43,673 | €24,476 | -€19,198 | -44.0% |
| Plant, machinery and equipment | 23 | €12,991 | €8,547 | -€4,444 | -34.2% |
| Furniture and vehicles | 24 | €30,682 | €15,929 | -€14,754 | -48.1% |
| Current assets | 29/58 | €531,773 | €371,434 | -€160,339 | -30.2% |
| Stocks and contracts in progress | 3 | €459,791 | €5,500 | -€454,291 | -98.8% |
| Stocks | 30/36 | €459,791 | €5,500 | -€454,291 | -98.8% |
| Amounts receivable within one year | 40/41 | €55,043 | €342,932 | +€287,889 | +523.0% |
| Trade receivables | 40 | €54,547 | €307,592 | +€253,045 | +463.9% |
| Other amounts receivable | 41 | €496 | €35,340 | +€34,844 | +7023.3% |
| Cash at bank and in hand | 54/58 | €16,063 | €22,760 | +€6,696 | +41.7% |
| Deferred charges and accrued income | 490/1 | €875 | €243 | -€633 | -72.3% |
| Total equity and liabilities | 10/49 | €575,878 | €396,163 | -€179,715 | -31.2% |
| Equity | 10/15 | €29,626 | €95,772 | +€66,146 | +223.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €42,415 | €90,772 | +€48,358 | +114.0% |
| Distributable reserves | 133 | €42,415 | €90,772 | +€48,358 | +114.0% |
| Profit (loss) carried forward | 14 | -€17,789 | €0 | +€17,789 | |
| Amounts payable | 17/49 | €546,252 | €300,390 | -€245,861 | -45.0% |
| Amounts payable after more than one year | 17 | €303,769 | €6,656 | -€297,113 | -97.8% |
| Financial debts | 170/4 | €303,769 | €6,656 | -€297,113 | -97.8% |
| Amounts payable within one year | 42/48 | €242,385 | €292,656 | +€50,271 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €6,083 | €6,113 | +€30 | +0.5% |
| Financial debts | 43 | €1,286 | €0 | -€1,286 | -100.0% |
| Credit institutions | 430/8 | €1,286 | €0 | -€1,286 | -100.0% |
| Trade debts | 44 | €47,757 | €261,294 | +€213,537 | +447.1% |
| Suppliers | 440/4 | €47,757 | €261,294 | +€213,537 | +447.1% |
| Taxes, remuneration and social security | 45 | €42 | €25,249 | +€25,207 | +59379.3% |
| Taxes | 450/3 | €42 | €25,249 | +€25,207 | +59379.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €187,217 | €0 | -€187,217 | -100.0% |
| Accrued charges and deferred income | 492/3 | €97 | €1,078 | +€980 | +1006.3% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,604 | €19,376 | -€228 | -1.2% |
| Other operating charges | 640/8 | €2,341 | €1,161 | -€1,180 | -50.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €19,532 | €117,935 | +€98,403 | +503.8% |
| Operating profit (loss) | 9901 | -€2,413 | €97,398 | +€99,811 | |
| Financial income | 75/76B | €11 | €374 | +€363 | +3230.2% |
| Recurring financial income | 75 | €11 | €374 | +€363 | +3230.2% |
| Financial charges | 65/66B | €15,333 | €6,686 | -€8,648 | -56.4% |
| Recurring financial charges | 65 | €15,333 | €6,686 | -€8,648 | -56.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,735 | €91,086 | +€108,821 | |
| Income taxes | 67/77 | €53 | €24,939 | +€24,886 | +46541.9% |
| Profit (loss) for the period | 9904 | -€17,789 | €66,146 | +€83,935 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,789 | €66,146 | +€83,935 |
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 12 October 2026 via checked.be.