HUMAGEST: 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.
HUMAGEST
Largest movements
- Tangible fixed assets +€10,638
up €10,638 (+11.0%), from €97,022 to €107,660
of which Plant, machinery and equipment: +€10,639
- Receivables within one year +€7,028
new in 2025: €7,028
of which Trade receivables: +€5,599
- Cash -€6,205
down €6,205 (-55.9%), from €11,103 to €4,898
mainly Investment in fixed assets (net) (-€10,638) and Receivables within one year (-€7,028)
- Tax, wage and social debts +€9,938
up €9,938 (+24.3%), from €40,912 to €50,850
of which Remuneration and social security: +€18,122
- Trade debts +€1,443
up €1,443 (+35.7%), from €4,042 to €5,485
- Gross operating margin -€24,026
down €24,026 (-31.9%), from €75,303 to €51,277
- Depreciation -€16,807
no longer reported in 2025 (was €16,807)
- Staff costs +€3,779
up €3,779 (+8.6%), from €43,907 to €47,686
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 | €109,232 | €121,057 | +€11,825 | +10.8% |
| Fixed assets | 21/28 | €98,129 | €108,767 | +€10,638 | +10.8% |
| Tangible fixed assets | 22/27 | €97,022 | €107,660 | +€10,638 | +11.0% |
| Plant, machinery and equipment | 23 | €8,280 | €18,919 | +€10,639 | +128.5% |
| Furniture and vehicles | 24 | €2,110 | €2,109 | -€1 | 0.0% |
| Other tangible fixed assets | 26 | €86,632 | €86,632 | = | 0.0% |
| Financial fixed assets | 28 | €1,107 | €1,107 | = | 0.0% |
| Current assets | 29/58 | €11,103 | €12,290 | +€1,187 | +10.7% |
| Amounts receivable within one year | 40/41 | - | €7,028 | +€7,028 | |
| Trade receivables | 40 | - | €5,599 | +€5,599 | |
| Other amounts receivable | 41 | - | €1,429 | +€1,429 | |
| Cash at bank and in hand | 54/58 | €11,103 | €4,898 | -€6,205 | -55.9% |
| Deferred charges and accrued income | 490/1 | - | €364 | +€364 | |
| Total equity and liabilities | 10/49 | €109,232 | €121,057 | +€11,825 | +10.8% |
| Equity | 10/15 | -€155,669 | -€155,097 | +€572 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,893 | €1,893 | = | 0.0% |
| Distributable reserves | 133 | €1,893 | €1,893 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€176,162 | -€175,590 | +€572 | +0.3% |
| Amounts payable | 17/49 | €264,901 | €276,154 | +€11,253 | +4.2% |
| Amounts payable within one year | 42/48 | €264,901 | €276,154 | +€11,253 | +4.2% |
| Trade debts | 44 | €4,042 | €5,485 | +€1,443 | +35.7% |
| Suppliers | 440/4 | €4,042 | €5,485 | +€1,443 | +35.7% |
| Advances received on contracts in progress | 46 | - | €135 | +€135 | |
| Taxes, remuneration and social security | 45 | €40,912 | €50,850 | +€9,938 | +24.3% |
| Taxes | 450/3 | €8,396 | €212 | -€8,184 | -97.5% |
| Remuneration and social security | 454/9 | €32,516 | €50,638 | +€18,122 | +55.7% |
| Other amounts payable | 47/48 | €219,947 | €219,684 | -€263 | -0.1% |
| Remuneration, social security and pensions | 62 | €43,907 | €47,686 | +€3,779 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,807 | - | -€16,807 | |
| Other operating charges | 640/8 | €2,253 | €1,875 | -€378 | -16.8% |
| Gross operating margin | 9900 | €75,303 | €51,277 | -€24,026 | -31.9% |
| Operating profit (loss) | 9901 | €12,336 | €1,716 | -€10,620 | -86.1% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €1,604 | €1,160 | -€444 | -27.7% |
| Recurring financial charges | 65 | €1,604 | €1,160 | -€444 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €10,732 | €572 | -€10,160 | -94.7% |
| Profit (loss) for the period | 9904 | €10,732 | €572 | -€10,160 | -94.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,732 | €572 | -€10,160 | -94.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.