HUMA: 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.
HUMA
Largest movements
- Receivables within one year +€155,332
up €155,332 (+2,931%), from €5,300 to €160,632
of which Other amounts receivable: +€156,132
- Tangible fixed assets -€40,683
down €40,683 (-4.5%), from €903,602 to €862,919
of which Furniture and vehicles: -€21,567
- Cash -€24,413
down €24,413 (-4.4%), from €548,767 to €524,354
mainly Receivables within one year (-€155,332) and Contributions, distributions and other (-€61,710)
- Reserves +€219,529
up €219,529 (+27.6%), from €795,428 to €1.0m
of which Distributable reserves: +€219,529
- Debts after one year -€59,654
down €59,654 (-16.2%), from €367,633 to €307,979
- Other debts -€49,293
down €49,293 (-99.6%), from €49,489 to €196
- Tax, wage and social debts -€31,117
down €31,117 (-49.6%), from €62,745 to €31,628
of which Taxes: -€30,939
- Gross operating margin -€10,344
down €10,344 (-2.4%), from €426,866 to €416,522
- Depreciation +€5,089
up €5,089 (+14.3%), from €35,594 to €40,683
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 | €1,457,894 | €1,548,132 | +€90,237 | +6.2% |
| Fixed assets | 21/28 | €903,602 | €862,919 | -€40,683 | -4.5% |
| Tangible fixed assets | 22/27 | €903,602 | €862,919 | -€40,683 | -4.5% |
| Land and buildings | 22 | €811,029 | €791,913 | -€19,116 | -2.4% |
| Furniture and vehicles | 24 | €92,573 | €71,006 | -€21,567 | -23.3% |
| Current assets | 29/58 | €554,292 | €685,213 | +€130,920 | +23.6% |
| Amounts receivable within one year | 40/41 | €5,300 | €160,632 | +€155,332 | +2,931% |
| Trade receivables | 40 | €800 | €0 | -€800 | -100% |
| Other amounts receivable | 41 | €4,500 | €160,632 | +€156,132 | +3,470% |
| Current investments | 50/53 | €225 | €226 | +€1 | +0.4% |
| Cash at bank and in hand | 54/58 | €548,767 | €524,354 | -€24,413 | -4.4% |
| Total equity and liabilities | 10/49 | €1,457,894 | €1,548,132 | +€90,237 | +6.2% |
| Equity | 10/15 | €912,928 | €1,132,456 | +€219,529 | +24.0% |
| Contributions | 10/11 | €117,500 | €117,500 | = | 0.0% |
| Capital | 10 | €117,500 | €117,500 | = | 0.0% |
| Issued capital | 100 | €117,500 | €117,500 | = | 0.0% |
| Reserves | 13 | €795,428 | €1,014,956 | +€219,529 | +27.6% |
| Non-distributable reserves | 130/1 | €11,750 | €11,750 | = | 0.0% |
| Legal reserve | 130 | €11,750 | €11,750 | = | 0.0% |
| Distributable reserves | 133 | €783,678 | €1,003,206 | +€219,529 | +28.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €544,967 | €415,675 | -€129,291 | -23.7% |
| Amounts payable after more than one year | 17 | €367,633 | €307,979 | -€59,654 | -16.2% |
| Financial debts | 170/4 | €367,633 | €307,979 | -€59,654 | -16.2% |
| Amounts payable within one year | 42/48 | €177,334 | €107,696 | -€69,638 | -39.3% |
| Current portion of amounts payable after more than one year | 42 | €59,022 | €59,654 | +€631 | +1.1% |
| Trade debts | 44 | €6,078 | €16,219 | +€10,141 | +167% |
| Suppliers | 440/4 | €6,078 | €16,219 | +€10,141 | +167% |
| Taxes, remuneration and social security | 45 | €62,745 | €31,628 | -€31,117 | -49.6% |
| Taxes | 450/3 | €62,566 | €31,628 | -€30,939 | -49.4% |
| Remuneration and social security | 454/9 | €178 | €0 | -€178 | -100% |
| Other amounts payable | 47/48 | €49,489 | €196 | -€49,293 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,594 | €40,683 | +€5,089 | +14.3% |
| Other operating charges | 640/8 | €8,315 | €7,385 | -€930 | -11.2% |
| Gross operating margin | 9900 | €426,866 | €416,522 | -€10,344 | -2.4% |
| Operating profit (loss) | 9901 | €382,957 | €368,455 | -€14,502 | -3.8% |
| Financial income | 75/76B | €12,565 | €12,468 | -€98 | -0.8% |
| Recurring financial income | 75 | €12,565 | €12,468 | -€98 | -0.8% |
| Financial charges | 65/66B | €4,944 | €5,009 | +€65 | +1.3% |
| Recurring financial charges | 65 | €4,944 | €5,009 | +€65 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €390,578 | €375,914 | -€14,664 | -3.8% |
| Income taxes | 67/77 | €98,411 | €94,675 | -€3,736 | -3.8% |
| Profit (loss) for the period | 9904 | €292,167 | €281,239 | -€10,928 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €292,167 | €281,239 | -€10,928 | -3.7% |
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.