HUMA: 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.
HUMA
Largest movements
- Receivables within one year +€209,385
up €209,385 (+91.8%), from €228,113 to €437,498
of which Other amounts receivable: +€216,510
- Deferred charges and accrued income +€43,020
up €43,020 (+355.1%), from €12,115 to €55,135
- Tangible fixed assets -€33,404
down €33,404 (-3.8%), from €887,659 to €854,254
of which Plant, machinery and equipment: -€19,871
- Cash -€25,244
down €25,244 (-73.8%), from €34,191 to €8,947
mainly Receivables within one year (-€209,385) and Investment in fixed assets (net) (-€182,552)
- Trade debts +€232,387
up €232,387 (+47.4%), from €489,837 to €722,224
- Reserves -€63,637
down €63,637 (-12.6%), from €503,913 to €440,276
of which Tax-exempt reserves: -€218,151
- Advances received +€47,311
up €47,311 (+51.0%), from €92,702 to €140,012
- Tax, wage and social debts -€35,481
down €35,481 (-56.2%), from €63,149 to €27,667
of which Remuneration and social security: -€34,983
- Accrued charges and deferred income +€14,289
up €14,289 (+2008.3%), from €711 to €15,000
- Gross operating margin -€228,751
down €228,751 (-19.4%), from €1.2m to €952,574
- Depreciation -€56,164
down €56,164 (-20.6%), from €272,120 to €215,957
- Financial charges +€12,629
up €12,629 (+56.9%), from €22,180 to €34,809
of which Financial charges: +€20,590
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 | €1,168,911 | €1,363,779 | +€194,868 | +16.7% |
| Fixed assets | 21/28 | €887,659 | €854,254 | -€33,404 | -3.8% |
| Tangible fixed assets | 22/27 | €887,659 | €854,254 | -€33,404 | -3.8% |
| Land and buildings | 22 | €638,987 | €623,643 | -€15,345 | -2.4% |
| Plant, machinery and equipment | 23 | €245,978 | €226,107 | -€19,871 | -8.1% |
| Furniture and vehicles | 24 | €2,693 | €4,505 | +€1,811 | +67.2% |
| Current assets | 29/58 | €281,252 | €509,525 | +€228,273 | +81.2% |
| Stocks and contracts in progress | 3 | €6,833 | €7,944 | +€1,111 | +16.3% |
| Stocks | 30/36 | €6,833 | €7,944 | +€1,111 | +16.3% |
| Amounts receivable within one year | 40/41 | €228,113 | €437,498 | +€209,385 | +91.8% |
| Trade receivables | 40 | €95,197 | €88,071 | -€7,126 | -7.5% |
| Other amounts receivable | 41 | €132,916 | €349,427 | +€216,510 | +162.9% |
| Cash at bank and in hand | 54/58 | €34,191 | €8,947 | -€25,244 | -73.8% |
| Deferred charges and accrued income | 490/1 | €12,115 | €55,135 | +€43,020 | +355.1% |
| Total equity and liabilities | 10/49 | €1,168,911 | €1,363,779 | +€194,868 | +16.7% |
| Equity | 10/15 | €522,513 | €458,876 | -€63,637 | -12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €503,913 | €440,276 | -€63,637 | -12.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €218,151 | €0 | -€218,151 | -100.0% |
| Distributable reserves | 133 | €285,762 | €440,276 | +€154,514 | +54.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €646,399 | €904,904 | +€258,505 | +40.0% |
| Amounts payable within one year | 42/48 | €645,687 | €889,904 | +€244,216 | +37.8% |
| Trade debts | 44 | €489,837 | €722,224 | +€232,387 | +47.4% |
| Suppliers | 440/4 | €489,837 | €722,224 | +€232,387 | +47.4% |
| Advances received on contracts in progress | 46 | €92,702 | €140,012 | +€47,311 | +51.0% |
| Taxes, remuneration and social security | 45 | €63,149 | €27,667 | -€35,481 | -56.2% |
| Taxes | 450/3 | €1,340 | €842 | -€498 | -37.2% |
| Remuneration and social security | 454/9 | €61,809 | €26,826 | -€34,983 | -56.6% |
| Accrued charges and deferred income | 492/3 | €711 | €15,000 | +€14,289 | +2008.3% |
| Remuneration, social security and pensions | 62 | €750,150 | €761,848 | +€11,699 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €272,120 | €215,957 | -€56,164 | -20.6% |
| Other operating charges | 640/8 | €1,869 | €5,592 | +€3,723 | +199.2% |
| Gross operating margin | 9900 | €1,181,325 | €952,574 | -€228,751 | -19.4% |
| Operating profit (loss) | 9901 | €157,186 | -€30,823 | -€188,009 | |
| Financial income | 75/76B | €359 | €1,995 | +€1,635 | +455.5% |
| Recurring financial income | 75 | €359 | €1,995 | +€1,635 | +455.5% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €22,180 | €34,809 | +€12,629 | +56.9% |
| Recurring financial charges | 65 | €14,218 | €34,809 | +€20,590 | +144.8% |
| Non-recurring financial charges | 66B | €7,962 | €0 | -€7,962 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €135,365 | -€63,637 | -€199,002 | |
| Income taxes | 67/77 | -€95 | €0 | +€95 | |
| Profit (loss) for the period | 9904 | €135,459 | -€63,637 | -€199,096 | |
| Profit (loss) for the period to be appropriated | 9905 | €135,459 | -€63,637 | -€199,096 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.