HUMAN ESTATE: 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 ESTATE
Largest movements
- Tangible fixed assets -€280,112
down €280,112 (-16.0%), from €1.8m to €1.5m
- Cash -€26,476
down €26,476 (-47.2%), from €56,044 to €29,568
mainly Other debts (-€174,309) and Debts after one year (-€87,623)
- Other debts -€174,309
down €174,309 (-21.9%), from €795,972 to €621,664
- Debts after one year -€87,623
down €87,623 (-12.1%), from €726,371 to €638,749
of which Financial debts: -€87,623
- Current portion of long-term debt -€27,344
down €27,344 (-30.4%), from €89,890 to €62,546
- Gross operating margin -€8,450
down €8,450 (-6.7%), from €125,474 to €117,024
- Financial charges -€6,533
down €6,533 (-17.8%), from €36,682 to €30,149
- Depreciation +€2,387
up €2,387 (+4.1%), from €58,276 to €60,663
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 | €1,832,191 | €1,541,386 | -€290,805 | -15.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,753,896 | €1,473,785 | -€280,112 | -16.0% |
| Tangible fixed assets | 22/27 | €1,753,896 | €1,473,785 | -€280,112 | -16.0% |
| Land and buildings | 22 | €1,753,896 | €1,473,785 | -€280,112 | -16.0% |
| Current assets | 29/58 | €78,295 | €67,602 | -€10,693 | -13.7% |
| Amounts receivable within one year | 40/41 | €22,242 | €38,034 | +€15,792 | +71.0% |
| Trade receivables | 40 | €7,440 | €26,494 | +€19,054 | +256% |
| Other amounts receivable | 41 | €14,802 | €11,540 | -€3,262 | -22.0% |
| Cash at bank and in hand | 54/58 | €56,044 | €29,568 | -€26,476 | -47.2% |
| Deferred charges and accrued income | 490/1 | €9 | - | -€9 | |
| Total equity and liabilities | 10/49 | €1,832,191 | €1,541,386 | -€290,805 | -15.9% |
| Equity | 10/15 | €203,933 | €207,532 | +€3,598 | +1.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €46,626 | €50,224 | +€3,598 | +7.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €40,426 | €44,024 | +€3,598 | +8.9% |
| Profit (loss) carried forward | 14 | €95,308 | €95,308 | = | 0.0% |
| Amounts payable | 17/49 | €1,628,258 | €1,333,855 | -€294,403 | -18.1% |
| Amounts payable after more than one year | 17 | €726,371 | €638,749 | -€87,623 | -12.1% |
| Financial debts | 170/4 | €725,371 | €637,749 | -€87,623 | -12.1% |
| Other amounts payable | 178/9 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €901,647 | €693,481 | -€208,166 | -23.1% |
| Current portion of amounts payable after more than one year | 42 | €89,890 | €62,546 | -€27,344 | -30.4% |
| Trade debts | 44 | €15,103 | €9,270 | -€5,833 | -38.6% |
| Suppliers | 440/4 | €15,103 | €9,270 | -€5,833 | -38.6% |
| Taxes, remuneration and social security | 45 | €681 | - | -€681 | |
| Taxes | 450/3 | €681 | - | -€681 | |
| Other amounts payable | 47/48 | €795,972 | €621,664 | -€174,309 | -21.9% |
| Accrued charges and deferred income | 492/3 | €239 | €1,625 | +€1,386 | +579% |
| Non-recurring operating income | 76A | €15,127 | €35,551 | +€20,425 | +135% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,276 | €60,663 | +€2,387 | +4.1% |
| Other operating charges | 640/8 | €21,888 | €21,165 | -€723 | -3.3% |
| Non-recurring operating charges | 66A | €1,684 | €1,600 | -€84 | -5.0% |
| Gross operating margin | 9900 | €125,474 | €117,024 | -€8,450 | -6.7% |
| Operating profit (loss) | 9901 | €43,626 | €33,596 | -€10,030 | -23.0% |
| Financial income | 75/76B | €543 | €512 | -€32 | -5.8% |
| Recurring financial income | 75 | €543 | €512 | -€32 | -5.8% |
| Financial charges | 65/66B | €36,682 | €30,149 | -€6,533 | -17.8% |
| Recurring financial charges | 65 | €36,682 | €30,149 | -€6,533 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €7,487 | €3,958 | -€3,529 | -47.1% |
| Income taxes | 67/77 | €681 | €360 | -€321 | -47.1% |
| Profit (loss) for the period | 9904 | €6,807 | €3,598 | -€3,208 | -47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,807 | €3,598 | -€3,208 | -47.1% |
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 22 October 2026 via checked.be.