HUMALEX: 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.
HUMALEX
Largest movements
- Receivables within one year +€326,323
up €326,323 (+664.7%), from €49,097 to €375,420
of which Trade receivables: +€174,787
- Cash -€51,644
down €51,644 (-87.7%), from €58,875 to €7,231
mainly Receivables within one year (-€326,323) and Deferred charges and accrued income (-€4,382)
- Deferred charges and accrued income +€4,382
up €4,382 (+238.2%), from €1,840 to €6,222
- Other debts +€144,450
up €144,450 (+9319.8%), from €1,550 to €146,000
- Profit (loss) carried forward +€109,441
up €109,441 (+134.2%), from €81,580 to €191,021
- Tax, wage and social debts +€16,714
up €16,714 (+51.2%), from €32,673 to €49,387
of which Taxes: +€16,714
- Trade debts +€5,558
up €5,558 (+186.2%), from €2,984 to €8,542
- Gross operating margin +€42,307
up €42,307 (+40.3%), from €105,089 to €147,396
- Taxes +€10,042
up €10,042 (+46.8%), from €21,470 to €31,512
- Depreciation +€2,280
up €2,280 (+368.0%), from €620 to €2,899
- Financial charges +€1,623
up €1,623 (+201.4%), from €806 to €2,429
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 | €120,788 | €396,951 | +€276,162 | +228.6% |
| Fixed assets | 21/28 | €10,977 | €8,078 | -€2,899 | -26.4% |
| Tangible fixed assets | 22/27 | €10,977 | €8,078 | -€2,899 | -26.4% |
| Furniture and vehicles | 24 | €10,977 | €8,078 | -€2,899 | -26.4% |
| Current assets | 29/58 | €109,811 | €388,873 | +€279,061 | +254.1% |
| Amounts receivable within one year | 40/41 | €49,097 | €375,420 | +€326,323 | +664.7% |
| Trade receivables | 40 | €47,541 | €222,328 | +€174,787 | +367.7% |
| Other amounts receivable | 41 | €1,556 | €153,092 | +€151,536 | +9738.2% |
| Cash at bank and in hand | 54/58 | €58,875 | €7,231 | -€51,644 | -87.7% |
| Deferred charges and accrued income | 490/1 | €1,840 | €6,222 | +€4,382 | +238.2% |
| Total equity and liabilities | 10/49 | €120,788 | €396,951 | +€276,162 | +228.6% |
| Equity | 10/15 | €83,580 | €193,021 | +€109,441 | +130.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,580 | €191,021 | +€109,441 | +134.2% |
| Amounts payable | 17/49 | €37,208 | €203,929 | +€166,721 | +448.1% |
| Amounts payable within one year | 42/48 | €37,208 | €203,929 | +€166,721 | +448.1% |
| Trade debts | 44 | €2,984 | €8,542 | +€5,558 | +186.2% |
| Suppliers | 440/4 | €2,984 | €8,542 | +€5,558 | +186.2% |
| Taxes, remuneration and social security | 45 | €32,673 | €49,387 | +€16,714 | +51.2% |
| Taxes | 450/3 | €30,319 | €47,033 | +€16,714 | +55.1% |
| Remuneration and social security | 454/9 | €2,354 | €2,354 | = | 0.0% |
| Other amounts payable | 47/48 | €1,550 | €146,000 | +€144,450 | +9319.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €620 | €2,899 | +€2,280 | +368.0% |
| Other operating charges | 640/8 | €693 | €1,114 | +€421 | +60.8% |
| Gross operating margin | 9900 | €105,089 | €147,396 | +€42,307 | +40.3% |
| Operating profit (loss) | 9901 | €103,776 | €143,382 | +€39,606 | +38.2% |
| Financial income | 75/76B | €81 | €0 | -€81 | -100.0% |
| Recurring financial income | 75 | €81 | €0 | -€81 | -100.0% |
| Financial charges | 65/66B | €806 | €2,429 | +€1,623 | +201.4% |
| Recurring financial charges | 65 | €806 | €2,429 | +€1,623 | +201.4% |
| Profit (loss) for the period before taxes | 9903 | €103,051 | €140,953 | +€37,902 | +36.8% |
| Income taxes | 67/77 | €21,470 | €31,512 | +€10,042 | +46.8% |
| Profit (loss) for the period | 9904 | €81,580 | €109,441 | +€27,861 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €81,580 | €109,441 | +€27,861 | +34.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.