HUMAN MATTERS: 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 MATTERS
Largest movements
- Cash -€56,328
down €56,328 (-46.2%), from €121,836 to €65,508
mainly Tax, wage and social debts (-€34,774) and Trade debts (-€24,446)
- Receivables within one year +€9,016
up €9,016 (+20.7%), from €43,545 to €52,561
of which Trade receivables: +€17,594
- Tax, wage and social debts -€34,774
down €34,774 (-99.1%), from €35,075 to €300
of which Remuneration and social security: -€34,311
- Trade debts -€24,446
down €24,446 (-62.1%), from €39,396 to €14,950
- Profit (loss) carried forward +€21,862
up €21,862 (+13.1%), from -€166,726 to -€144,864
- Other debts -€11,764
down €11,764 (-100%), from €11,764 to €0
- Staff costs -€134,859
down €134,859 (-97.9%), from €137,689 to €2,830
- Gross operating margin -€42,888
down €42,888 (-56.0%), from €76,585 to €33,697
- Depreciation -€7,746
down €7,746 (-49.6%), from €15,623 to €7,878
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 | €199,860 | €150,451 | -€49,409 | -24.7% |
| Fixed assets | 21/28 | €33,543 | €32,382 | -€1,160 | -3.5% |
| Tangible fixed assets | 22/27 | €31,915 | €30,755 | -€1,160 | -3.6% |
| Plant, machinery and equipment | 23 | €3,734 | €5,269 | +€1,536 | +41.1% |
| Furniture and vehicles | 24 | €8,916 | €6,813 | -€2,103 | -23.6% |
| Other tangible fixed assets | 26 | €19,266 | €18,673 | -€593 | -3.1% |
| Financial fixed assets | 28 | €1,628 | €1,628 | = | 0.0% |
| Current assets | 29/58 | €166,318 | €118,069 | -€48,249 | -29.0% |
| Amounts receivable within one year | 40/41 | €43,545 | €52,561 | +€9,016 | +20.7% |
| Trade receivables | 40 | €10,829 | €28,423 | +€17,594 | +162% |
| Other amounts receivable | 41 | €32,717 | €24,139 | -€8,578 | -26.2% |
| Cash at bank and in hand | 54/58 | €121,836 | €65,508 | -€56,328 | -46.2% |
| Deferred charges and accrued income | 490/1 | €936 | €0 | -€936 | -100% |
| Total equity and liabilities | 10/49 | €199,860 | €150,451 | -€49,409 | -24.7% |
| Equity | 10/15 | €113,338 | €135,201 | +€21,862 | +19.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €273,865 | €273,865 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €265,865 | €265,865 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€166,726 | -€144,864 | +€21,862 | +13.1% |
| Amounts payable | 17/49 | €86,522 | €15,251 | -€71,271 | -82.4% |
| Amounts payable within one year | 42/48 | €86,522 | €15,251 | -€71,271 | -82.4% |
| Trade debts | 44 | €39,396 | €14,950 | -€24,446 | -62.1% |
| Suppliers | 440/4 | €39,396 | €14,950 | -€24,446 | -62.1% |
| Advances received on contracts in progress | 46 | €287 | €0 | -€287 | -100% |
| Taxes, remuneration and social security | 45 | €35,075 | €300 | -€34,774 | -99.1% |
| Taxes | 450/3 | €764 | €300 | -€463 | -60.7% |
| Remuneration and social security | 454/9 | €34,311 | €0 | -€34,311 | -100% |
| Other amounts payable | 47/48 | €11,764 | €0 | -€11,764 | -100% |
| Remuneration, social security and pensions | 62 | €137,689 | €2,830 | -€134,859 | -97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,623 | €7,878 | -€7,746 | -49.6% |
| Other operating charges | 640/8 | €973 | €620 | -€353 | -36.3% |
| Gross operating margin | 9900 | €76,585 | €33,697 | -€42,888 | -56.0% |
| Operating profit (loss) | 9901 | -€77,701 | €22,369 | +€100,070 | |
| Financial income | 75/76B | €0 | €118 | +€118 | |
| Recurring financial income | 75 | €0 | €118 | +€118 | |
| Financial charges | 65/66B | €790 | €625 | -€165 | -20.9% |
| Recurring financial charges | 65 | €790 | €625 | -€165 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | -€78,491 | €21,862 | +€100,353 | |
| Income taxes | 67/77 | €136 | €0 | -€136 | -100% |
| Profit (loss) for the period | 9904 | -€78,627 | €21,862 | +€100,490 | |
| Profit (loss) for the period to be appropriated | 9905 | -€78,627 | €21,862 | +€100,490 |
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 18 October 2026 via checked.be.