Human Excellence: 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 Excellence
Largest movements
- Intangible fixed assets -€35,132
down €35,132 (-21.1%), from €166,807 to €131,674
- Cash +€29,993
up €29,993 (+253%), from €11,859 to €41,852
mainly Depreciation (+€36,315) and Net result for the year (+€20,402)
- Debts after one year -€30,000
down €30,000 (-11.6%), from €258,168 to €228,168
- Profit (loss) carried forward +€20,402
up €20,402 (+8.2%), from -€248,715 to -€228,313
- Tax, wage and social debts +€4,512
up €4,512 (+661%), from €682 to €5,194
- Gross operating margin +€80,381
up €80,381, from -€23,143 to €57,238
- Other operating charges -€1,728
down €1,728 (-81.2%), from €2,127 to €400
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 | €181,500 | €176,046 | -€5,454 | -3.0% |
| Fixed assets | 21/28 | €169,094 | €133,483 | -€35,611 | -21.1% |
| Intangible fixed assets | 21 | €166,807 | €131,674 | -€35,132 | -21.1% |
| Tangible fixed assets | 22/27 | €2,287 | €1,809 | -€479 | -20.9% |
| Furniture and vehicles | 24 | €2,287 | €1,809 | -€479 | -20.9% |
| Current assets | 29/58 | €12,406 | €42,563 | +€30,157 | +243% |
| Amounts receivable within one year | 40/41 | €0 | €166 | +€166 | |
| Trade receivables | 40 | - | €166 | +€166 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €11,859 | €41,852 | +€29,993 | +253% |
| Deferred charges and accrued income | 490/1 | €547 | €545 | -€3 | -0.5% |
| Total equity and liabilities | 10/49 | €181,500 | €176,046 | -€5,454 | -3.0% |
| Equity | 10/15 | -€78,255 | -€57,853 | +€20,402 | +26.1% |
| Contributions | 10/11 | €168,600 | €168,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€248,715 | -€228,313 | +€20,402 | +8.2% |
| Amounts payable | 17/49 | €259,755 | €233,899 | -€25,857 | -10.0% |
| Amounts payable after more than one year | 17 | €258,168 | €228,168 | -€30,000 | -11.6% |
| Other amounts payable | 178/9 | €258,168 | €228,168 | -€30,000 | -11.6% |
| Amounts payable within one year | 42/48 | €1,587 | €5,731 | +€4,143 | +261% |
| Financial debts | 43 | €192 | €174 | -€17 | -9.0% |
| Credit institutions | 430/8 | €192 | €174 | -€17 | -9.0% |
| Trade debts | 44 | €714 | €363 | -€351 | -49.2% |
| Suppliers | 440/4 | €714 | €363 | -€351 | -49.2% |
| Taxes, remuneration and social security | 45 | €682 | €5,194 | +€4,512 | +661% |
| Taxes | 450/3 | €682 | €5,194 | +€4,512 | +661% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,194 | €36,315 | +€121 | +0.3% |
| Other operating charges | 640/8 | €2,127 | €400 | -€1,728 | -81.2% |
| Gross operating margin | 9900 | -€23,143 | €57,238 | +€80,381 | |
| Operating profit (loss) | 9901 | -€61,464 | €20,523 | +€81,987 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -93.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -93.3% |
| Financial charges | 65/66B | €115 | €121 | +€6 | +5.4% |
| Recurring financial charges | 65 | €115 | €121 | +€6 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | -€61,578 | €20,402 | +€81,981 | |
| Profit (loss) for the period | 9904 | -€61,578 | €20,402 | +€81,981 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,578 | €20,402 | +€81,981 |
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 17 October 2026 via checked.be.