HUMAH: 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.
HUMAH
Largest movements
- Tangible fixed assets -€17,707
down €17,707 (-3.4%), from €516,714 to €499,007
of which Land and buildings: -€17,707
- Cash +€8,157
up €8,157 (+2.8%), from €291,786 to €299,944
mainly Depreciation (+€23,967)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€2,391
up €2,391 (+14.3%), from €16,697 to €19,088
- Depreciation +€686
up €686 (+2.9%), from €23,281 to €23,967
- Other operating charges -€568
down €568 (-58.7%), from €968 to €400
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 | €812,434 | €802,961 | -€9,473 | -1.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €516,714 | €499,007 | -€17,707 | -3.4% |
| Tangible fixed assets | 22/27 | €516,714 | €499,007 | -€17,707 | -3.4% |
| Land and buildings | 22 | €516,714 | €499,007 | -€17,707 | -3.4% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €295,720 | €303,954 | +€8,235 | +2.8% |
| Amounts receivable within one year | 40/41 | €3,000 | €3,047 | +€47 | +1.6% |
| Trade receivables | 40 | - | €47 | +€47 | |
| Other amounts receivable | 41 | €3,000 | €3,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €291,786 | €299,944 | +€8,157 | +2.8% |
| Deferred charges and accrued income | 490/1 | €933 | €963 | +€30 | +3.2% |
| Total equity and liabilities | 10/49 | €812,434 | €802,961 | -€9,473 | -1.2% |
| Equity | 10/15 | -€7,438 | -€13,006 | -€5,568 | -74.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,438 | -€43,006 | -€5,568 | -14.9% |
| Amounts payable | 17/49 | €819,871 | €815,967 | -€3,904 | -0.5% |
| Amounts payable within one year | 42/48 | €819,871 | €815,967 | -€3,904 | -0.5% |
| Trade debts | 44 | €4,367 | €463 | -€3,904 | -89.4% |
| Suppliers | 440/4 | €4,367 | €463 | -€3,904 | -89.4% |
| Other amounts payable | 47/48 | €815,504 | €815,504 | = | 0.0% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,281 | €23,967 | +€686 | +2.9% |
| Other operating charges | 640/8 | €968 | €400 | -€568 | -58.7% |
| Gross operating margin | 9900 | €16,697 | €19,088 | +€2,391 | +14.3% |
| Operating profit (loss) | 9901 | -€7,551 | -€5,279 | +€2,273 | +30.1% |
| Financial charges | 65/66B | €135 | €290 | +€155 | +115% |
| Recurring financial charges | 65 | €135 | €290 | +€155 | +115% |
| Profit (loss) for the period before taxes | 9903 | -€7,686 | -€5,568 | +€2,118 | +27.6% |
| Profit (loss) for the period | 9904 | -€7,686 | -€5,568 | +€2,118 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,686 | -€5,568 | +€2,118 | +27.6% |
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 18 October 2026 via checked.be.