Management And Human Resources Services: what changed
What changed
Management And Human Resources Services
NACE 82.990, Other business support services
filed annual accounts (NBB)
Net result for the year
€85,964
2024 · €81,933+€4,031
Equity
€498,451
2024 · €524,675-€26,225
Cash
€188,497
2024 · €444,929-€256,432
Balance sheet total
€507,192
2024 · €534,003-€26,811
Largest movements
Assets
- Cash -€256,432
down €256,432 (-57.6%), from €444,929 to €188,497
mainly Current investments (-€250,000) and Contributions, distributions and other (-€112,188)
- Current investments +€250,000
new in 2025: €250,000
- Receivables within one year -€22,706
down €22,706 (-53.2%), from €42,660 to €19,954
of which Trade receivables: -€24,192
- Deferred charges and accrued income +€6,138
up €6,138 (+482%), from €1,274 to €7,412
Equity and liabilities
- Reserves -€26,225
down €26,225 (-5.1%), from €518,475 to €492,251
of which Distributable reserves: -€26,225
Income statement
- Financial income +€8,194
up €8,194 (+515%), from €1,592 to €9,786
- Taxes +€2,694
up €2,694 (+8.5%), from €31,612 to €34,306
- Other operating charges +€2,201
up €2,201 (+244%), from €904 to €3,105
- Gross operating margin +€1,427
up €1,427 (+1.1%), from €132,923 to €134,350
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€81,933
Gross operating margin
+€1,427
Depreciation
-€773
Other operating charges
-€2,201
Financial income
+€8,194
Financial charges
+€78
Taxes
-€2,694
Result 2025
€85,964
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€122,630
Investment
-€266,874
Financing
-€112,188
Cash 2024
€444,929
From operations (derived)
+€122,630
Net result for the year
+€85,964
Depreciation
+€20,686
Receivables within one year
+€22,706
Deferred charges and accrued income
-€6,138
Smaller working-capital items
+€45
Tax, wage and social debts
+€1,269
Other debts
-€1,901
Investment (derived)
-€266,874
Investment in fixed assets (net)
-€16,874
Current investments
-€250,000
Financing
-€112,188
Contributions, distributions and other
-€112,188
Cash 2025
€188,497
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €534,003 | €507,192 | -€26,811 | -5.0% |
| Fixed assets | 21/28 | €45,141 | €41,330 | -€3,811 | -8.4% |
| Tangible fixed assets | 22/27 | €45,141 | €41,330 | -€3,811 | -8.4% |
| Furniture and vehicles | 24 | €45,141 | €41,330 | -€3,811 | -8.4% |
| Current assets | 29/58 | €488,862 | €465,862 | -€23,000 | -4.7% |
| Amounts receivable within one year | 40/41 | €42,660 | €19,954 | -€22,706 | -53.2% |
| Trade receivables | 40 | €42,660 | €18,468 | -€24,192 | -56.7% |
| Other amounts receivable | 41 | - | €1,486 | +€1,486 | |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €444,929 | €188,497 | -€256,432 | -57.6% |
| Deferred charges and accrued income | 490/1 | €1,274 | €7,412 | +€6,138 | +482% |
| Total equity and liabilities | 10/49 | €534,003 | €507,192 | -€26,811 | -5.0% |
| Equity | 10/15 | €524,675 | €498,451 | -€26,225 | -5.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €518,475 | €492,251 | -€26,225 | -5.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €518,475 | €492,251 | -€26,225 | -5.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,328 | €8,741 | -€587 | -6.3% |
| Amounts payable within one year | 42/48 | €8,941 | €8,198 | -€743 | -8.3% |
| Trade debts | 44 | €3,061 | €2,950 | -€111 | -3.6% |
| Suppliers | 440/4 | €3,061 | €2,950 | -€111 | -3.6% |
| Taxes, remuneration and social security | 45 | €3,978 | €5,247 | +€1,269 | +31.9% |
| Taxes | 450/3 | €3,978 | €5,247 | +€1,269 | +31.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,901 | €0 | -€1,901 | -100% |
| Accrued charges and deferred income | 492/3 | €387 | €544 | +€156 | +40.4% |
| Non-recurring operating income | 76A | €7,944 | €4,761 | -€3,183 | -40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,913 | €20,686 | +€773 | +3.9% |
| Other operating charges | 640/8 | €904 | €3,105 | +€2,201 | +244% |
| Gross operating margin | 9900 | €132,923 | €134,350 | +€1,427 | +1.1% |
| Operating profit (loss) | 9901 | €112,107 | €110,560 | -€1,547 | -1.4% |
| Financial income | 75/76B | €1,592 | €9,786 | +€8,194 | +515% |
| Recurring financial income | 75 | €1,592 | €9,786 | +€8,194 | +515% |
| Financial charges | 65/66B | €154 | €76 | -€78 | -50.6% |
| Recurring financial charges | 65 | €154 | €76 | -€78 | -50.6% |
| Profit (loss) for the period before taxes | 9903 | €113,545 | €120,270 | +€6,724 | +5.9% |
| Income taxes | 67/77 | €31,612 | €34,306 | +€2,694 | +8.5% |
| Profit (loss) for the period | 9904 | €81,933 | €85,964 | +€4,031 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €81,933 | €85,964 | +€4,031 | +4.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.