HUMAR: 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.
HUMAR
Largest movements
- Tangible fixed assets -€70,654
down €70,654 (-16.5%), from €427,763 to €357,108
- Cash +€19,917
up €19,917 (+39.4%), from €50,560 to €70,478
mainly Depreciation (+€70,654) and Net result for the year (+€4,559)
- Debts after one year -€24,954
down €24,954 (-15.4%), from €162,165 to €137,212
- Current portion of long-term debt -€12,973
down €12,973 (-33.0%), from €39,282 to €26,309
- Other debts -€11,673
down €11,673 (-92.7%), from €12,599 to €926
- Gross operating margin +€4,809
up €4,809 (+5.8%), from €83,356 to €88,165
- Financial charges -€3,013
down €3,013 (-30.6%), from €9,851 to €6,837
- Depreciation -€1,789
down €1,789 (-2.5%), from €72,443 to €70,654
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 | €505,427 | €458,200 | -€47,227 | -9.3% |
| Fixed assets | 21/28 | €427,763 | €357,108 | -€70,654 | -16.5% |
| Tangible fixed assets | 22/27 | €427,763 | €357,108 | -€70,654 | -16.5% |
| Land and buildings | 22 | €427,763 | €357,108 | -€70,654 | -16.5% |
| Current assets | 29/58 | €77,665 | €101,092 | +€23,427 | +30.2% |
| Amounts receivable within one year | 40/41 | €27,104 | €28,457 | +€1,353 | +5.0% |
| Other amounts receivable | 41 | €27,104 | €28,457 | +€1,353 | +5.0% |
| Cash at bank and in hand | 54/58 | €50,560 | €70,478 | +€19,917 | +39.4% |
| Deferred charges and accrued income | 490/1 | - | €2,157 | +€2,157 | |
| Total equity and liabilities | 10/49 | €505,427 | €458,200 | -€47,227 | -9.3% |
| Equity | 10/15 | €287,930 | €292,489 | +€4,559 | +1.6% |
| Contributions | 10/11 | €484,000 | €484,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€196,070 | -€191,511 | +€4,559 | +2.3% |
| Amounts payable | 17/49 | €217,497 | €165,711 | -€51,786 | -23.8% |
| Amounts payable after more than one year | 17 | €162,165 | €137,212 | -€24,954 | -15.4% |
| Financial debts | 170/4 | €162,165 | €137,212 | -€24,954 | -15.4% |
| Amounts payable within one year | 42/48 | €52,930 | €27,578 | -€25,352 | -47.9% |
| Current portion of amounts payable after more than one year | 42 | €39,282 | €26,309 | -€12,973 | -33.0% |
| Trade debts | 44 | €582 | €203 | -€379 | -65.1% |
| Suppliers | 440/4 | €582 | €203 | -€379 | -65.1% |
| Taxes, remuneration and social security | 45 | €467 | €140 | -€327 | -70.0% |
| Taxes | 450/3 | €467 | €140 | -€327 | -70.0% |
| Other amounts payable | 47/48 | €12,599 | €926 | -€11,673 | -92.7% |
| Accrued charges and deferred income | 492/3 | €2,402 | €922 | -€1,481 | -61.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,443 | €70,654 | -€1,789 | -2.5% |
| Other operating charges | 640/8 | €6,444 | €6,540 | +€95 | +1.5% |
| Gross operating margin | 9900 | €83,356 | €88,165 | +€4,809 | +5.8% |
| Operating profit (loss) | 9901 | €4,469 | €10,971 | +€6,502 | +145.5% |
| Financial income | 75/76B | €581 | €425 | -€155 | -26.7% |
| Recurring financial income | 75 | €581 | €425 | -€155 | -26.7% |
| Financial charges | 65/66B | €9,851 | €6,837 | -€3,013 | -30.6% |
| Recurring financial charges | 65 | €9,851 | €6,837 | -€3,013 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,801 | €4,559 | +€9,360 | |
| Profit (loss) for the period | 9904 | -€4,801 | €4,559 | +€9,360 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,801 | €4,559 | +€9,360 |
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 5 October 2026 via checked.be.