HUMA INVEST: 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 INVEST
Largest movements
- Tangible fixed assets +€271,877
up €271,877 (+9.9%), from €2.7m to €3.0m
of which Land and buildings: +€280,965
- Cash -€218,435
down €218,435 (-92.7%), from €235,580 to €17,146
mainly Investment in fixed assets (net) (-€450,363) and Debts after one year (-€50,834)
- Advances received +€70,794
up €70,794 (+2,851%), from €2,483 to €73,277
- Reserves +€62,804
up €62,804 (+20.1%), from €312,650 to €375,453
of which Distributable reserves: +€59,664
- Debts after one year -€50,834
down €50,834 (-21.6%), from €235,206 to €184,372
of which Financial debts: -€50,834
- Gross operating margin -€203,781
down €203,781 (-42.5%), from €479,427 to €275,647
- Depreciation -€10,464
down €10,464 (-5.5%), from €188,949 to €178,486
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 | €2,989,710 | €3,049,628 | +€59,918 | +2.0% |
| Fixed assets | 21/28 | €2,745,408 | €3,017,285 | +€271,877 | +9.9% |
| Tangible fixed assets | 22/27 | €2,745,408 | €3,017,285 | +€271,877 | +9.9% |
| Land and buildings | 22 | €2,718,337 | €2,999,302 | +€280,965 | +10.3% |
| Plant, machinery and equipment | 23 | €17,834 | €10,042 | -€7,792 | -43.7% |
| Other tangible fixed assets | 26 | €9,237 | €7,941 | -€1,296 | -14.0% |
| Current assets | 29/58 | €244,302 | €32,343 | -€211,959 | -86.8% |
| Amounts receivable within one year | 40/41 | €454 | €1,183 | +€729 | +161% |
| Trade receivables | 40 | €454 | €1,183 | +€729 | +161% |
| Cash at bank and in hand | 54/58 | €235,580 | €17,146 | -€218,435 | -92.7% |
| Deferred charges and accrued income | 490/1 | €8,267 | €14,014 | +€5,747 | +69.5% |
| Total equity and liabilities | 10/49 | €2,989,710 | €3,049,628 | +€59,918 | +2.0% |
| Equity | 10/15 | €2,559,821 | €2,622,625 | +€62,804 | +2.5% |
| Contributions | 10/11 | €2,247,172 | €2,247,172 | = | 0.0% |
| Capital | 10 | €2,247,172 | €2,247,172 | = | 0.0% |
| Issued capital | 100 | €2,247,172 | €2,247,172 | = | 0.0% |
| Reserves | 13 | €312,650 | €375,453 | +€62,804 | +20.1% |
| Non-distributable reserves | 130/1 | €35,096 | €38,236 | +€3,140 | +8.9% |
| Legal reserve | 130 | €35,096 | €38,236 | +€3,140 | +8.9% |
| Distributable reserves | 133 | €277,553 | €337,217 | +€59,664 | +21.5% |
| Amounts payable | 17/49 | €429,889 | €427,003 | -€2,886 | -0.7% |
| Amounts payable after more than one year | 17 | €235,206 | €184,372 | -€50,834 | -21.6% |
| Financial debts | 170/4 | €163,334 | €112,500 | -€50,834 | -31.1% |
| Other amounts payable | 178/9 | €71,872 | €71,872 | = | 0.0% |
| Amounts payable within one year | 42/48 | €86,773 | €130,175 | +€43,402 | +50.0% |
| Current portion of amounts payable after more than one year | 42 | €84,167 | €55,001 | -€29,166 | -34.7% |
| Trade debts | 44 | €123 | €1,897 | +€1,774 | +1,442% |
| Suppliers | 440/4 | €123 | €1,897 | +€1,774 | +1,442% |
| Advances received on contracts in progress | 46 | €2,483 | €73,277 | +€70,794 | +2,851% |
| Accrued charges and deferred income | 492/3 | €107,910 | €112,456 | +€4,546 | +4.2% |
| Non-recurring operating income | 76A | €252,806 | €0 | -€252,806 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188,949 | €178,486 | -€10,464 | -5.5% |
| Other operating charges | 640/8 | €30,181 | €31,600 | +€1,419 | +4.7% |
| Gross operating margin | 9900 | €479,427 | €275,647 | -€203,781 | -42.5% |
| Operating profit (loss) | 9901 | €260,297 | €65,561 | -€194,736 | -74.8% |
| Financial income | 75/76B | €787 | €0 | -€787 | -100% |
| Recurring financial income | 75 | €787 | €0 | -€787 | -100% |
| Financial charges | 65/66B | €3,468 | €2,757 | -€711 | -20.5% |
| Recurring financial charges | 65 | €3,468 | €2,757 | -€711 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €257,616 | €62,804 | -€194,812 | -75.6% |
| Profit (loss) for the period | 9904 | €257,616 | €62,804 | -€194,812 | -75.6% |
| Profit (loss) for the period to be appropriated | 9905 | €257,616 | €62,804 | -€194,812 | -75.6% |
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 21 October 2026 via checked.be.