HumanKeys: 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.
"HumanKeys"
Largest movements
- Cash +€216,893
up €216,893 (+114%), from €189,870 to €406,763
mainly Other debts (+€290,451) and Net result for the year (+€289,506)
- Current investments +€100,000
up €100,000 (+25.0%), from €399,751 to €499,751
- Tangible fixed assets -€15,234
down €15,234 (-39.4%), from €38,646 to €23,412
of which Furniture and vehicles: -€15,134
- Deferred charges and accrued income +€14,345
up €14,345 (+989%), from €1,450 to €15,795
- Receivables within one year -€11,047
down €11,047 (-20.6%), from €53,690 to €42,643
of which Trade receivables: -€11,047
- Other debts +€290,451
up €290,451 (+130,834%), from €222 to €290,673
- Tax, wage and social debts +€25,021
up €25,021 (+115%), from €21,762 to €46,783
- Current portion of long-term debt -€10,646
down €10,646 (-74.9%), from €14,221 to €3,575
- Gross operating margin +€119,895
up €119,895 (+43.2%), from €277,765 to €397,660
- Taxes +€16,484
up €16,484 (+20.0%), from €82,516 to €99,000
- Financial income +€13,743
up €13,743 (+2,638%), from €521 to €14,264
of which Financial income: +€13,743
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 | €684,707 | €989,664 | +€304,957 | +44.5% |
| Fixed assets | 21/28 | €39,946 | €24,712 | -€15,234 | -38.1% |
| Tangible fixed assets | 22/27 | €38,646 | €23,412 | -€15,234 | -39.4% |
| Furniture and vehicles | 24 | €38,076 | €22,942 | -€15,134 | -39.7% |
| Other tangible fixed assets | 26 | €570 | €470 | -€100 | -17.5% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €644,761 | €964,952 | +€320,191 | +49.7% |
| Amounts receivable within one year | 40/41 | €53,690 | €42,643 | -€11,047 | -20.6% |
| Trade receivables | 40 | €49,005 | €37,958 | -€11,047 | -22.5% |
| Other amounts receivable | 41 | €4,685 | €4,685 | = | 0.0% |
| Current investments | 50/53 | €399,751 | €499,751 | +€100,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €189,870 | €406,763 | +€216,893 | +114% |
| Deferred charges and accrued income | 490/1 | €1,450 | €15,795 | +€14,345 | +989% |
| Total equity and liabilities | 10/49 | €684,707 | €989,664 | +€304,957 | +44.5% |
| Equity | 10/15 | €644,789 | €644,295 | -€494 | -0.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €641,000 | €641,000 | = | 0.0% |
| Distributable reserves | 133 | €641,000 | €641,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,289 | €795 | -€494 | -38.3% |
| Amounts payable | 17/49 | €39,918 | €345,369 | +€305,451 | +765% |
| Amounts payable after more than one year | 17 | €3,575 | - | -€3,575 | |
| Financial debts | 170/4 | €3,575 | - | -€3,575 | |
| Amounts payable within one year | 42/48 | €36,343 | €345,369 | +€309,026 | +850% |
| Current portion of amounts payable after more than one year | 42 | €14,221 | €3,575 | -€10,646 | -74.9% |
| Trade debts | 44 | €138 | €4,338 | +€4,200 | +3,043% |
| Suppliers | 440/4 | €138 | €4,338 | +€4,200 | +3,043% |
| Taxes, remuneration and social security | 45 | €21,762 | €46,783 | +€25,021 | +115% |
| Taxes | 450/3 | €21,762 | €46,783 | +€25,021 | +115% |
| Other amounts payable | 47/48 | €222 | €290,673 | +€290,451 | +130,834% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,183 | €22,258 | +€1,075 | +5.1% |
| Other operating charges | 640/8 | €754 | €773 | +€19 | +2.5% |
| Non-recurring operating charges | 66A | €1,002 | €178 | -€824 | -82.2% |
| Gross operating margin | 9900 | €277,765 | €397,660 | +€119,895 | +43.2% |
| Operating profit (loss) | 9901 | €254,826 | €374,451 | +€119,625 | +46.9% |
| Financial income | 75/76B | €521 | €14,264 | +€13,743 | +2,638% |
| Recurring financial income | 75 | €521 | €14,264 | +€13,743 | +2,638% |
| Non-recurring financial income | 76B | €521 | - | -€521 | |
| Financial charges | 65/66B | €322 | €209 | -€113 | -35.1% |
| Recurring financial charges | 65 | €322 | €209 | -€113 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | €255,025 | €388,506 | +€133,481 | +52.3% |
| Income taxes | 67/77 | €82,516 | €99,000 | +€16,484 | +20.0% |
| Profit (loss) for the period | 9904 | €172,509 | €289,506 | +€116,997 | +67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €172,509 | €289,506 | +€116,997 | +67.8% |
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 27 October 2026 via checked.be.