HUMACOM: 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.
HUMACOM
Largest movements
- Receivables within one year +€307,054
up €307,054 (+130.4%), from €235,445 to €542,498
of which Trade receivables: +€251,846
- Cash +€168,633
up €168,633 (+194.3%), from €86,797 to €255,430
mainly Net result for the year (+€391,066) and Other debts (+€375,000)
- Current investments +€50,000
up €50,000 (+33.3%), from €150,000 to €200,000
- Other debts +€375,000
up €375,000 (+1704.5%), from €22,000 to €397,000
- Short-term financial debts +€99,563
up €99,563 (+122.2%), from €81,494 to €181,057
- Trade debts +€40,859
up €40,859 (+236.7%), from €17,265 to €58,125
- Tax, wage and social debts +€16,200
up €16,200 (+18.4%), from €87,824 to €104,024
of which Taxes: +€12,997
- Gross operating margin +€411,938
up €411,938 (+76.2%), from €540,411 to €952,349
- Staff costs +€37,581
up €37,581 (+7.3%), from €511,632 to €549,212
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 | €499,955 | €1,024,330 | +€524,375 | +104.9% |
| Fixed assets | 21/28 | €26,851 | €25,514 | -€1,338 | -5.0% |
| Tangible fixed assets | 22/27 | €24,891 | €23,554 | -€1,338 | -5.4% |
| Furniture and vehicles | 24 | €21,337 | €16,973 | -€4,364 | -20.5% |
| Other tangible fixed assets | 26 | €3,555 | €6,581 | +€3,026 | +85.1% |
| Financial fixed assets | 28 | €1,960 | €1,960 | = | 0.0% |
| Current assets | 29/58 | €473,104 | €998,817 | +€525,713 | +111.1% |
| Amounts receivable within one year | 40/41 | €235,445 | €542,498 | +€307,054 | +130.4% |
| Trade receivables | 40 | €93,268 | €345,115 | +€251,846 | +270.0% |
| Other amounts receivable | 41 | €142,177 | €197,384 | +€55,207 | +38.8% |
| Current investments | 50/53 | €150,000 | €200,000 | +€50,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €86,797 | €255,430 | +€168,633 | +194.3% |
| Deferred charges and accrued income | 490/1 | €862 | €888 | +€26 | +3.0% |
| Total equity and liabilities | 10/49 | €499,955 | €1,024,330 | +€524,375 | +104.9% |
| Equity | 10/15 | €289,448 | €283,514 | -€5,934 | -2.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €256,448 | €250,514 | -€5,934 | -2.3% |
| Amounts payable | 17/49 | €210,507 | €740,816 | +€530,309 | +251.9% |
| Amounts payable within one year | 42/48 | €210,507 | €740,816 | +€530,309 | +251.9% |
| Financial debts | 43 | €81,494 | €181,057 | +€99,563 | +122.2% |
| Other loans | 439 | €81,494 | €181,057 | +€99,563 | +122.2% |
| Trade debts | 44 | €17,265 | €58,125 | +€40,859 | +236.7% |
| Suppliers | 440/4 | €17,265 | €58,125 | +€40,859 | +236.7% |
| Advances received on contracts in progress | 46 | €1,924 | €610 | -€1,314 | -68.3% |
| Taxes, remuneration and social security | 45 | €87,824 | €104,024 | +€16,200 | +18.4% |
| Taxes | 450/3 | €16,446 | €29,443 | +€12,997 | +79.0% |
| Remuneration and social security | 454/9 | €71,378 | €74,581 | +€3,203 | +4.5% |
| Other amounts payable | 47/48 | €22,000 | €397,000 | +€375,000 | +1704.5% |
| Remuneration, social security and pensions | 62 | €511,632 | €549,212 | +€37,581 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,181 | €16,666 | -€5,515 | -24.9% |
| Other operating charges | 640/8 | €249 | €270 | +€21 | +8.4% |
| Gross operating margin | 9900 | €540,411 | €952,349 | +€411,938 | +76.2% |
| Operating profit (loss) | 9901 | €6,349 | €386,200 | +€379,851 | +5982.7% |
| Financial income | 75/76B | €11,294 | €8,399 | -€2,895 | -25.6% |
| Recurring financial income | 75 | €11,294 | €8,399 | -€2,895 | -25.6% |
| Financial charges | 65/66B | €4,509 | €2,144 | -€2,364 | -52.4% |
| Recurring financial charges | 65 | €4,509 | €2,144 | -€2,364 | -52.4% |
| Profit (loss) for the period before taxes | 9903 | €13,134 | €392,455 | +€379,320 | +2888.0% |
| Income taxes | 67/77 | €642 | €1,389 | +€747 | +116.5% |
| Profit (loss) for the period | 9904 | €12,493 | €391,066 | +€378,573 | +3030.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,493 | €391,066 | +€378,573 | +3030.3% |
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.