human: 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
Largest movements
- Financial fixed assets +€285,000
up €285,000, from €0 to €285,000
- Receivables within one year +€78,194
up €78,194 (+148%), from €52,910 to €131,103
of which Trade receivables: +€61,868
- Cash +€14,918
up €14,918 (+79.0%), from €18,888 to €33,806
mainly Debts after one year (+€239,642) and Other debts (+€108,334)
- Deferred charges and accrued income -€13,733
down €13,733 (-69.6%), from €19,746 to €6,013
- Debts after one year +€239,642
up €239,642 (+35.5%), from €674,296 to €913,937
- Other debts +€108,334
up €108,334 (+65.4%), from €165,713 to €274,047
- Trade debts +€47,989
up €47,989 (+495%), from €9,695 to €57,683
- Profit (loss) carried forward -€13,081
down €13,081, from €744 to -€12,337
- Gross operating margin -€62,039
down €62,039 (-41.3%), from €150,326 to €88,287
- Depreciation +€4,310
up €4,310 (+7.2%), from €59,821 to €64,131
- Other operating charges +€3,227
up €3,227 (+744%), from €434 to €3,661
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 | €926,747 | €1,300,174 | +€373,427 | +40.3% |
| Fixed assets | 21/28 | €835,204 | €1,129,252 | +€294,048 | +35.2% |
| Tangible fixed assets | 22/27 | €835,204 | €844,252 | +€9,048 | +1.1% |
| Land and buildings | 22 | €778,977 | €753,463 | -€25,514 | -3.3% |
| Furniture and vehicles | 24 | €56,227 | €29,669 | -€26,558 | -47.2% |
| Assets under construction and advance payments | 27 | - | €61,120 | +€61,120 | |
| Financial fixed assets | 28 | €0 | €285,000 | +€285,000 | |
| Current assets | 29/58 | €91,543 | €170,922 | +€79,379 | +86.7% |
| Amounts receivable within one year | 40/41 | €52,910 | €131,103 | +€78,194 | +148% |
| Trade receivables | 40 | €51,787 | €113,655 | +€61,868 | +119% |
| Other amounts receivable | 41 | €1,122 | €17,448 | +€16,326 | +1,455% |
| Cash at bank and in hand | 54/58 | €18,888 | €33,806 | +€14,918 | +79.0% |
| Deferred charges and accrued income | 490/1 | €19,746 | €6,013 | -€13,733 | -69.6% |
| Total equity and liabilities | 10/49 | €926,747 | €1,300,174 | +€373,427 | +40.3% |
| Equity | 10/15 | €19,344 | €6,263 | -€13,081 | -67.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €744 | -€12,337 | -€13,081 | |
| Amounts payable | 17/49 | €907,403 | €1,293,910 | +€386,507 | +42.6% |
| Amounts payable after more than one year | 17 | €674,296 | €913,937 | +€239,642 | +35.5% |
| Financial debts | 170/4 | €674,296 | €913,937 | +€239,642 | +35.5% |
| Amounts payable within one year | 42/48 | €230,709 | €379,973 | +€149,264 | +64.7% |
| Current portion of amounts payable after more than one year | 42 | €52,827 | €46,816 | -€6,011 | -11.4% |
| Trade debts | 44 | €9,695 | €57,683 | +€47,989 | +495% |
| Suppliers | 440/4 | €9,695 | €57,683 | +€47,989 | +495% |
| Taxes, remuneration and social security | 45 | €2,474 | €1,427 | -€1,048 | -42.3% |
| Taxes | 450/3 | €2,474 | €1,427 | -€1,048 | -42.3% |
| Other amounts payable | 47/48 | €165,713 | €274,047 | +€108,334 | +65.4% |
| Accrued charges and deferred income | 492/3 | €2,399 | - | -€2,399 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,821 | €64,131 | +€4,310 | +7.2% |
| Other operating charges | 640/8 | €434 | €3,661 | +€3,227 | +744% |
| Gross operating margin | 9900 | €150,326 | €88,287 | -€62,039 | -41.3% |
| Operating profit (loss) | 9901 | €90,072 | €20,495 | -€69,577 | -77.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €31,329 | €32,787 | +€1,458 | +4.7% |
| Recurring financial charges | 65 | €31,329 | €32,787 | +€1,458 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €58,743 | -€12,292 | -€71,035 | |
| Income taxes | 67/77 | €638 | €789 | +€151 | +23.7% |
| Profit (loss) for the period | 9904 | €58,106 | -€13,081 | -€71,186 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,106 | -€13,081 | -€71,186 |
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 30 October 2026 via checked.be.