Human Learning: what changed
Two fiscal 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 Learning
Largest movements
- Receivables within one year -€15,578
down €15,578 (-86.7%), from €17,965 to €2,387
of which Trade receivables: -€15,965
- Cash +€10,932
up €10,932 (+22.8%), from €47,988 to €58,920
mainly Receivables within one year (+€15,578) and Stocks and contracts (+€2,355)
- Stocks and contracts -€2,355
no longer reported in 2025 (was €2,355)
- Tangible fixed assets -€1,809
down €1,809 (-70.7%), from €2,559 to €749
of which Furniture and vehicles: -€939
- Tax, wage and social debts -€7,750
down €7,750 (-86.2%), from €8,992 to €1,241
- Trade debts -€2,204
down €2,204 (-38.4%), from €5,738 to €3,534
- Profit (loss) carried forward +€1,636
up €1,636 (+14.9%), from -€10,970 to -€9,334
- Provisions +€35,000
no longer reported in 2025 (was -€35,000)
- Write-downs -€32,878
down €32,878, from €11,681 to -€21,197
- Gross operating margin +€14,733
up €14,733 (+47.8%), from -€30,791 to -€16,058
- Depreciation -€2,975
down €2,975 (-62.2%), from €4,784 to €1,809
- Taxes +€875
new in 2025: €875
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 | €71,086 | €62,781 | -€8,305 | -11.7% |
| Fixed assets | 21/28 | €2,709 | €899 | -€1,809 | -66.8% |
| Tangible fixed assets | 22/27 | €2,559 | €749 | -€1,809 | -70.7% |
| Furniture and vehicles | 24 | €1,157 | €218 | -€939 | -81.2% |
| Other tangible fixed assets | 26 | €1,401 | €531 | -€870 | -62.1% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €68,377 | €61,882 | -€6,495 | -9.5% |
| Stocks and contracts in progress | 3 | €2,355 | - | -€2,355 | |
| Stocks | 30/36 | €2,355 | - | -€2,355 | |
| Amounts receivable within one year | 40/41 | €17,965 | €2,387 | -€15,578 | -86.7% |
| Trade receivables | 40 | €17,965 | €2,000 | -€15,965 | -88.9% |
| Other amounts receivable | 41 | - | €387 | +€387 | |
| Cash at bank and in hand | 54/58 | €47,988 | €58,920 | +€10,932 | +22.8% |
| Deferred charges and accrued income | 490/1 | €69 | €576 | +€506 | +730.2% |
| Total equity and liabilities | 10/49 | €71,086 | €62,781 | -€8,305 | -11.7% |
| Equity | 10/15 | €22,415 | €24,051 | +€1,636 | +7.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €31,385 | €31,385 | = | 0.0% |
| Distributable reserves | 133 | €31,385 | €31,385 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,970 | -€9,334 | +€1,636 | +14.9% |
| Amounts payable | 17/49 | €48,672 | €38,731 | -€9,941 | -20.4% |
| Amounts payable within one year | 42/48 | €48,672 | €38,731 | -€9,941 | -20.4% |
| Trade debts | 44 | €5,738 | €3,534 | -€2,204 | -38.4% |
| Suppliers | 440/4 | €5,738 | €3,534 | -€2,204 | -38.4% |
| Taxes, remuneration and social security | 45 | €8,992 | €1,241 | -€7,750 | -86.2% |
| Taxes | 450/3 | €8,992 | €1,241 | -€7,750 | -86.2% |
| Other amounts payable | 47/48 | €33,942 | €33,955 | +€13 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,784 | €1,809 | -€2,975 | -62.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,681 | -€21,197 | -€32,878 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€35,000 | - | +€35,000 | |
| Other operating charges | 640/8 | €787 | €478 | -€309 | -39.3% |
| Gross operating margin | 9900 | -€30,791 | -€16,058 | +€14,733 | +47.8% |
| Operating profit (loss) | 9901 | -€13,043 | €2,852 | +€15,895 | |
| Financial income | 75/76B | €0 | €2 | +€2 | +21500.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +21500.0% |
| Financial charges | 65/66B | €389 | €342 | -€47 | -12.0% |
| Recurring financial charges | 65 | €389 | €342 | -€47 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,432 | €2,512 | +€15,944 | |
| Income taxes | 67/77 | - | €875 | +€875 | |
| Profit (loss) for the period | 9904 | -€13,432 | €1,636 | +€15,068 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,432 | €1,636 | +€15,068 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.