Double Humblet: 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.
Double Humblet
Largest movements
- Tangible fixed assets +€219,434
up €219,434 (+62.8%), from €349,585 to €569,019
of which Land and buildings: +€212,819
- Receivables within one year -€21,321
down €21,321 (-17.8%), from €119,553 to €98,231
of which Trade receivables: -€22,758
- Debts after one year +€186,574
up €186,574 (+77.8%), from €239,745 to €426,320
- Current portion of long-term debt +€19,967
up €19,967 (+70.0%), from €28,508 to €48,475
- Trade debts -€16,818
down €16,818 (-29.1%), from €57,862 to €41,044
- Tax, wage and social debts +€10,052
up €10,052 (+82.8%), from €12,145 to €22,197
of which Taxes: +€10,052
- Gross operating margin -€26,313
down €26,313 (-37.2%), from €70,715 to €44,402
- Other operating charges -€11,874
down €11,874 (-95.7%), from €12,403 to €529
- Staff costs -€11,086
down €11,086 (-99.8%), from €11,106 to €21
- Depreciation +€4,326
up €4,326 (+18.3%), from €23,670 to €27,995
- Financial charges +€4,286
up €4,286 (+33.7%), from €12,707 to €16,993
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 | €478,076 | €671,425 | +€193,349 | +40.4% |
| Fixed assets | 21/28 | €350,685 | €570,119 | +€219,434 | +62.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €349,585 | €569,019 | +€219,434 | +62.8% |
| Land and buildings | 22 | €307,649 | €520,469 | +€212,819 | +69.2% |
| Plant, machinery and equipment | 23 | €6,054 | €2,915 | -€3,139 | -51.8% |
| Furniture and vehicles | 24 | €20,304 | €32,870 | +€12,566 | +61.9% |
| Other tangible fixed assets | 26 | €15,577 | €12,765 | -€2,813 | -18.1% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €127,391 | €101,306 | -€26,085 | -20.5% |
| Stocks and contracts in progress | 3 | €957 | €297 | -€660 | -69.0% |
| Stocks | 30/36 | €957 | €297 | -€660 | -69.0% |
| Amounts receivable within one year | 40/41 | €119,553 | €98,231 | -€21,321 | -17.8% |
| Trade receivables | 40 | €114,004 | €91,246 | -€22,758 | -20.0% |
| Other amounts receivable | 41 | €5,549 | €6,986 | +€1,436 | +25.9% |
| Current investments | 50/53 | €36 | €36 | +€0 | +0.4% |
| Cash at bank and in hand | 54/58 | €8 | €0 | -€8 | -100% |
| Deferred charges and accrued income | 490/1 | €6,836 | €2,741 | -€4,096 | -59.9% |
| Total equity and liabilities | 10/49 | €478,076 | €671,425 | +€193,349 | +40.4% |
| Equity | 10/15 | €101,673 | €99,388 | -€2,284 | -2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,213 | €78,928 | -€2,284 | -2.8% |
| Amounts payable | 17/49 | €376,403 | €572,037 | +€195,633 | +52.0% |
| Amounts payable after more than one year | 17 | €239,745 | €426,320 | +€186,574 | +77.8% |
| Financial debts | 170/4 | €239,745 | €426,320 | +€186,574 | +77.8% |
| Amounts payable within one year | 42/48 | €125,630 | €131,564 | +€5,934 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €28,508 | €48,475 | +€19,967 | +70.0% |
| Financial debts | 43 | €2,962 | €1,037 | -€1,925 | -65.0% |
| Credit institutions | 430/8 | €2,962 | €1,037 | -€1,925 | -65.0% |
| Trade debts | 44 | €57,862 | €41,044 | -€16,818 | -29.1% |
| Suppliers | 440/4 | €57,862 | €41,044 | -€16,818 | -29.1% |
| Taxes, remuneration and social security | 45 | €12,145 | €22,197 | +€10,052 | +82.8% |
| Taxes | 450/3 | €12,145 | €22,197 | +€10,052 | +82.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €24,154 | €18,812 | -€5,342 | -22.1% |
| Accrued charges and deferred income | 492/3 | €11,028 | €14,153 | +€3,125 | +28.3% |
| Remuneration, social security and pensions | 62 | €11,106 | €21 | -€11,086 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,670 | €27,995 | +€4,326 | +18.3% |
| Other operating charges | 640/8 | €12,403 | €529 | -€11,874 | -95.7% |
| Gross operating margin | 9900 | €70,715 | €44,402 | -€26,313 | -37.2% |
| Operating profit (loss) | 9901 | €23,537 | €15,857 | -€7,679 | -32.6% |
| Financial income | 75/76B | €1,558 | €101 | -€1,457 | -93.5% |
| Recurring financial income | 75 | €1,558 | €101 | -€1,457 | -93.5% |
| Financial charges | 65/66B | €12,707 | €16,993 | +€4,286 | +33.7% |
| Recurring financial charges | 65 | €12,707 | €16,993 | +€4,286 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | €12,388 | -€1,035 | -€13,423 | |
| Income taxes | 67/77 | €3,894 | €1,250 | -€2,644 | -67.9% |
| Profit (loss) for the period | 9904 | €8,494 | -€2,284 | -€10,779 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,494 | -€2,284 | -€10,779 |
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 25 October 2026 via checked.be.