THE HUMAN WIRE: 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.
THE HUMAN WIRE
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Cash -€29,992
down €29,992 (-26.9%), from €111,676 to €81,684
mainly Current investments (-€50,000) and Receivables within one year (-€10,564)
- Receivables within one year +€10,564
up €10,564 (+78.3%), from €13,500 to €24,064
of which Trade receivables: +€10,561
- Deferred charges and accrued income +€9,898
up €9,898 (+232.8%), from €4,252 to €14,150
- Tangible fixed assets +€2,685
up €2,685 (+26.9%), from €9,966 to €12,651
of which Other tangible fixed assets: +€6,522
- Reserves +€36,022
up €36,022 (+33.3%), from €108,062 to €144,084
- Tax, wage and social debts +€11,543
up €11,543 (+53.0%), from €21,761 to €33,304
- Accrued charges and deferred income -€2,799
down €2,799 (-100.0%), from €2,799 to €0
- Gross operating margin -€17,277
down €17,277 (-24.6%), from €70,267 to €52,990
- Taxes -€4,498
down €4,498 (-31.6%), from €14,214 to €9,715
- Depreciation +€1,623
up €1,623 (+56.1%), from €2,894 to €4,518
- Financial charges +€1,269
up €1,269 (+122.3%), from €1,037 to €2,307
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 | €139,394 | €182,548 | +€43,155 | +31.0% |
| Fixed assets | 21/28 | €9,966 | €12,651 | +€2,685 | +26.9% |
| Tangible fixed assets | 22/27 | €9,966 | €12,651 | +€2,685 | +26.9% |
| Plant, machinery and equipment | 23 | €2,322 | €1,750 | -€573 | -24.7% |
| Furniture and vehicles | 24 | €7,644 | €4,379 | -€3,264 | -42.7% |
| Other tangible fixed assets | 26 | - | €6,522 | +€6,522 | |
| Current assets | 29/58 | €129,428 | €169,898 | +€40,470 | +31.3% |
| Amounts receivable within one year | 40/41 | €13,500 | €24,064 | +€10,564 | +78.3% |
| Trade receivables | 40 | €13,497 | €24,059 | +€10,561 | +78.2% |
| Other amounts receivable | 41 | €2 | €5 | +€3 | +105.3% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €111,676 | €81,684 | -€29,992 | -26.9% |
| Deferred charges and accrued income | 490/1 | €4,252 | €14,150 | +€9,898 | +232.8% |
| Total equity and liabilities | 10/49 | €139,394 | €182,548 | +€43,155 | +31.0% |
| Equity | 10/15 | €111,062 | €147,084 | +€36,022 | +32.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €108,062 | €144,084 | +€36,022 | +33.3% |
| Distributable reserves | 133 | €108,062 | €144,084 | +€36,022 | +33.3% |
| Amounts payable | 17/49 | €28,331 | €35,464 | +€7,133 | +25.2% |
| Amounts payable within one year | 42/48 | €25,533 | €35,464 | +€9,932 | +38.9% |
| Trade debts | 44 | €1,286 | €611 | -€675 | -52.5% |
| Suppliers | 440/4 | €1,286 | €611 | -€675 | -52.5% |
| Taxes, remuneration and social security | 45 | €21,761 | €33,304 | +€11,543 | +53.0% |
| Taxes | 450/3 | €21,761 | €33,304 | +€11,543 | +53.0% |
| Other amounts payable | 47/48 | €2,486 | €1,549 | -€937 | -37.7% |
| Accrued charges and deferred income | 492/3 | €2,799 | €0 | -€2,799 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,894 | €4,518 | +€1,623 | +56.1% |
| Other operating charges | 640/8 | €377 | €429 | +€52 | +13.8% |
| Gross operating margin | 9900 | €70,267 | €52,990 | -€17,277 | -24.6% |
| Operating profit (loss) | 9901 | €66,995 | €48,043 | -€18,952 | -28.3% |
| Financial income | 75/76B | €9 | €1 | -€8 | -85.4% |
| Recurring financial income | 75 | €9 | €1 | -€8 | -85.4% |
| Financial charges | 65/66B | €1,037 | €2,307 | +€1,269 | +122.3% |
| Recurring financial charges | 65 | €1,037 | €2,307 | +€1,269 | +122.3% |
| Profit (loss) for the period before taxes | 9903 | €65,967 | €45,737 | -€20,229 | -30.7% |
| Income taxes | 67/77 | €14,214 | €9,715 | -€4,498 | -31.6% |
| Profit (loss) for the period | 9904 | €51,753 | €36,022 | -€15,731 | -30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €51,753 | €36,022 | -€15,731 | -30.4% |
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 6 October 2026 via checked.be.