HUMANDO: 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.
HUMANDO
Largest movements
- Receivables within one year -€36,280
down €36,280 (-56.3%), from €64,485 to €28,205
of which Other amounts receivable: -€31,376
- Tangible fixed assets -€10,658
down €10,658 (-30.1%), from €35,460 to €24,802
of which Leasing and similar rights: -€9,940
- Reserves -€41,476
down €41,476 (-30.3%), from €136,839 to €95,363
- Tax, wage and social debts -€10,943
down €10,943 (-56.3%), from €19,428 to €8,485
of which Taxes: -€12,274
- Debts after one year -€10,071
down €10,071 (-42.3%), from €23,823 to €13,751
- Profit (loss) carried forward +€7,298
up €7,298 (+84.8%), from -€8,610 to -€1,312
- Other debts +€6,644
new in 2025: €6,644
- Gross operating margin -€7,115
down €7,115 (-25.4%), from €27,971 to €20,856
- Financial income -€1,981
down €1,981 (-95.4%), from €2,076 to €95
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 | €187,229 | €141,651 | -€45,578 | -24.3% |
| Fixed assets | 21/28 | €35,460 | €24,802 | -€10,658 | -30.1% |
| Tangible fixed assets | 22/27 | €35,460 | €24,802 | -€10,658 | -30.1% |
| Furniture and vehicles | 24 | €582 | €202 | -€380 | -65.2% |
| Leasing and similar rights | 25 | €33,741 | €23,801 | -€9,940 | -29.5% |
| Other tangible fixed assets | 26 | €1,137 | €798 | -€339 | -29.8% |
| Current assets | 29/58 | €151,769 | €116,849 | -€34,920 | -23.0% |
| Amounts receivable within one year | 40/41 | €64,485 | €28,205 | -€36,280 | -56.3% |
| Trade receivables | 40 | €27,386 | €22,482 | -€4,904 | -17.9% |
| Other amounts receivable | 41 | €37,099 | €5,723 | -€31,376 | -84.6% |
| Cash at bank and in hand | 54/58 | €86,374 | €87,625 | +€1,251 | +1.4% |
| Deferred charges and accrued income | 490/1 | €910 | €1,019 | +€109 | +12.0% |
| Total equity and liabilities | 10/49 | €187,229 | €141,651 | -€45,578 | -24.3% |
| Equity | 10/15 | €130,729 | €96,551 | -€34,178 | -26.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €136,839 | €95,363 | -€41,476 | -30.3% |
| Distributable reserves | 133 | €136,839 | €95,363 | -€41,476 | -30.3% |
| Profit (loss) carried forward | 14 | -€8,610 | -€1,312 | +€7,298 | +84.8% |
| Amounts payable | 17/49 | €56,499 | €45,099 | -€11,400 | -20.2% |
| Amounts payable after more than one year | 17 | €23,823 | €13,751 | -€10,071 | -42.3% |
| Financial debts | 170/4 | €23,823 | €13,751 | -€10,071 | -42.3% |
| Amounts payable within one year | 42/48 | €32,424 | €31,348 | -€1,076 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €9,869 | €10,071 | +€203 | +2.1% |
| Trade debts | 44 | €3,128 | €6,148 | +€3,020 | +96.5% |
| Suppliers | 440/4 | €3,128 | €6,148 | +€3,020 | +96.5% |
| Taxes, remuneration and social security | 45 | €19,428 | €8,485 | -€10,943 | -56.3% |
| Taxes | 450/3 | €19,428 | €7,154 | -€12,274 | -63.2% |
| Remuneration and social security | 454/9 | €0 | €1,331 | +€1,331 | |
| Other amounts payable | 47/48 | - | €6,644 | +€6,644 | |
| Accrued charges and deferred income | 492/3 | €253 | €0 | -€253 | -100.0% |
| Non-recurring operating income | 76A | €9,992 | €0 | -€9,992 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,798 | €10,658 | -€140 | -1.3% |
| Other operating charges | 640/8 | €1,929 | €1,758 | -€170 | -8.8% |
| Gross operating margin | 9900 | €27,971 | €20,856 | -€7,115 | -25.4% |
| Operating profit (loss) | 9901 | €15,244 | €8,439 | -€6,804 | -44.6% |
| Financial income | 75/76B | €2,076 | €95 | -€1,981 | -95.4% |
| Recurring financial income | 75 | €2,076 | €95 | -€1,981 | -95.4% |
| Financial charges | 65/66B | €963 | €960 | -€3 | -0.3% |
| Recurring financial charges | 65 | €963 | €960 | -€3 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €16,357 | €7,575 | -€8,783 | -53.7% |
| Income taxes | 67/77 | €185 | €277 | +€92 | +49.6% |
| Profit (loss) for the period | 9904 | €16,172 | €7,298 | -€8,874 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,172 | €7,298 | -€8,874 | -54.9% |
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 7 October 2026 via checked.be.