2 HUM: 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.
2 HUM
Largest movements
- Cash +€80,381
up €80,381 (+5789.7%), from €1,388 to €81,769
mainly Net result for the year (+€107,571) and Trade debts (+€58,321)
- Receivables within one year +€9,179
up €9,179 (+2.9%), from €312,706 to €321,885
of which Other amounts receivable: +€16,462
- Tangible fixed assets +€9,147
up €9,147 (+61.3%), from €14,915 to €24,062
of which Plant, machinery and equipment: +€20,473
- Trade debts +€58,321
up €58,321 (+80.0%), from €72,882 to €131,203
- Other debts +€32,571
up €32,571 (+43.4%), from €75,000 to €107,571
- Tax, wage and social debts +€19,952
up €19,952 (+49.0%), from €40,727 to €60,679
of which Taxes: +€18,718
- Current portion of long-term debt -€17,628
no longer reported in 2025 (was €17,628)
- Short-term financial debts +€6,377
new in 2025: €6,377
- Gross operating margin +€23,126
up €23,126 (+20.7%), from €111,945 to €135,071
- Staff costs +€7,361
new in 2025: €7,361
- Taxes +€3,955
up €3,955 (+32.0%), from €12,378 to €16,333
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 | €329,587 | €429,179 | +€99,592 | +30.2% |
| Fixed assets | 21/28 | €15,285 | €24,432 | +€9,147 | +59.8% |
| Tangible fixed assets | 22/27 | €14,915 | €24,062 | +€9,147 | +61.3% |
| Plant, machinery and equipment | 23 | €2,109 | €22,582 | +€20,473 | +970.7% |
| Furniture and vehicles | 24 | €12,806 | €1,480 | -€11,326 | -88.4% |
| Financial fixed assets | 28 | €370 | €370 | = | 0.0% |
| Current assets | 29/58 | €314,302 | €404,747 | +€90,445 | +28.8% |
| Amounts receivable within one year | 40/41 | €312,706 | €321,885 | +€9,179 | +2.9% |
| Trade receivables | 40 | €116,440 | €109,158 | -€7,283 | -6.3% |
| Other amounts receivable | 41 | €196,265 | €212,727 | +€16,462 | +8.4% |
| Cash at bank and in hand | 54/58 | €1,388 | €81,769 | +€80,381 | +5789.7% |
| Deferred charges and accrued income | 490/1 | €208 | €1,093 | +€885 | +425.4% |
| Total equity and liabilities | 10/49 | €329,587 | €429,179 | +€99,592 | +30.2% |
| Equity | 10/15 | €123,350 | €123,350 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,007 | €29,007 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,637 | €4,637 | = | 0.0% |
| Distributable reserves | 133 | €24,370 | €24,370 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,743 | €75,743 | = | 0.0% |
| Amounts payable | 17/49 | €206,237 | €305,829 | +€99,592 | +48.3% |
| Amounts payable within one year | 42/48 | €206,237 | €305,829 | +€99,592 | +48.3% |
| Current portion of amounts payable after more than one year | 42 | €17,628 | - | -€17,628 | |
| Financial debts | 43 | - | €6,377 | +€6,377 | |
| Credit institutions | 430/8 | - | €6,377 | +€6,377 | |
| Trade debts | 44 | €72,882 | €131,203 | +€58,321 | +80.0% |
| Suppliers | 440/4 | €72,882 | €131,203 | +€58,321 | +80.0% |
| Taxes, remuneration and social security | 45 | €40,727 | €60,679 | +€19,952 | +49.0% |
| Taxes | 450/3 | €40,727 | €59,445 | +€18,718 | +46.0% |
| Remuneration and social security | 454/9 | - | €1,234 | +€1,234 | |
| Other amounts payable | 47/48 | €75,000 | €107,571 | +€32,571 | +43.4% |
| Remuneration, social security and pensions | 62 | - | €7,361 | +€7,361 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,939 | €13,444 | +€505 | +3.9% |
| Other operating charges | 640/8 | €1,239 | €778 | -€461 | -37.2% |
| Gross operating margin | 9900 | €111,945 | €135,071 | +€23,126 | +20.7% |
| Operating profit (loss) | 9901 | €97,767 | €113,488 | +€15,721 | +16.1% |
| Financial income | 75/76B | €11,184 | €11,917 | +€734 | +6.6% |
| Recurring financial income | 75 | €11,184 | €11,917 | +€734 | +6.6% |
| Financial charges | 65/66B | €2,658 | €1,502 | -€1,156 | -43.5% |
| Recurring financial charges | 65 | €2,658 | €1,502 | -€1,156 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €106,293 | €123,904 | +€17,611 | +16.6% |
| Income taxes | 67/77 | €12,378 | €16,333 | +€3,955 | +32.0% |
| Profit (loss) for the period | 9904 | €93,915 | €107,571 | +€13,656 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €93,915 | €107,571 | +€13,656 | +14.5% |
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 10 October 2026 via checked.be.