HUMAT: 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.
HUMAT
Largest movements
- Cash +€82,919
up €82,919 (+74.9%), from €110,634 to €193,554
mainly Depreciation (+€80,406) and Current investments (+€61,418)
- Current investments -€61,418
down €61,418 (-23.1%), from €266,022 to €204,604
- Tangible fixed assets -€20,389
down €20,389 (-2.8%), from €716,334 to €695,946
- Debts after one year -€48,915
down €48,915 (-10.3%), from €474,148 to €425,233
- Reserves +€48,289
up €48,289 (+8.6%), from €561,676 to €609,965
- Trade debts +€21,843
up €21,843 (+34.6%), from €63,154 to €84,997
- Gross operating margin -€95,437
down €95,437 (-31.4%), from €304,257 to €208,820
- Taxes -€31,860
down €31,860 (-65.1%), from €48,965 to €17,106
- Financial income +€4,649
up €4,649 (+187%), from €2,483 to €7,132
- Depreciation +€3,957
up €3,957 (+5.2%), from €76,449 to €80,406
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 | €1,210,372 | €1,220,989 | +€10,617 | +0.9% |
| Fixed assets | 21/28 | €716,334 | €695,946 | -€20,389 | -2.8% |
| Tangible fixed assets | 22/27 | €716,334 | €695,946 | -€20,389 | -2.8% |
| Land and buildings | 22 | €557,723 | €555,928 | -€1,795 | -0.3% |
| Plant, machinery and equipment | 23 | €37,537 | €31,552 | -€5,985 | -15.9% |
| Furniture and vehicles | 24 | €54,322 | €48,388 | -€5,934 | -10.9% |
| Other tangible fixed assets | 26 | €66,752 | €60,079 | -€6,674 | -10.0% |
| Current assets | 29/58 | €494,038 | €525,043 | +€31,005 | +6.3% |
| Amounts receivable within one year | 40/41 | €117,381 | €124,244 | +€6,863 | +5.8% |
| Trade receivables | 40 | €114,665 | €91,809 | -€22,855 | -19.9% |
| Other amounts receivable | 41 | €2,716 | €32,434 | +€29,718 | +1,094% |
| Current investments | 50/53 | €266,022 | €204,604 | -€61,418 | -23.1% |
| Cash at bank and in hand | 54/58 | €110,634 | €193,554 | +€82,919 | +74.9% |
| Deferred charges and accrued income | 490/1 | - | €2,642 | +€2,642 | |
| Total equity and liabilities | 10/49 | €1,210,372 | €1,220,989 | +€10,617 | +0.9% |
| Equity | 10/15 | €580,276 | €628,565 | +€48,289 | +8.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €561,676 | €609,965 | +€48,289 | +8.6% |
| Distributable reserves | 133 | €561,676 | €609,965 | +€48,289 | +8.6% |
| Amounts payable | 17/49 | €630,097 | €592,424 | -€37,673 | -6.0% |
| Amounts payable after more than one year | 17 | €474,148 | €425,233 | -€48,915 | -10.3% |
| Financial debts | 170/4 | €474,148 | €425,233 | -€48,915 | -10.3% |
| Amounts payable within one year | 42/48 | €155,948 | €167,191 | +€11,243 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €48,594 | €48,915 | +€321 | +0.7% |
| Trade debts | 44 | €63,154 | €84,997 | +€21,843 | +34.6% |
| Suppliers | 440/4 | €63,154 | €84,997 | +€21,843 | +34.6% |
| Taxes, remuneration and social security | 45 | €25,571 | €13,623 | -€11,948 | -46.7% |
| Taxes | 450/3 | €18,725 | €238 | -€18,488 | -98.7% |
| Remuneration and social security | 454/9 | €6,846 | €13,386 | +€6,540 | +95.5% |
| Other amounts payable | 47/48 | €18,629 | €19,655 | +€1,026 | +5.5% |
| Non-recurring operating income | 76A | €6,014 | - | -€6,014 | |
| Remuneration, social security and pensions | 62 | €52,788 | €55,225 | +€2,436 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,449 | €80,406 | +€3,957 | +5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€430 | -€430 | |
| Other operating charges | 640/8 | €7,270 | €9,957 | +€2,688 | +37.0% |
| Gross operating margin | 9900 | €304,257 | €208,820 | -€95,437 | -31.4% |
| Operating profit (loss) | 9901 | €167,749 | €63,661 | -€104,088 | -62.0% |
| Financial income | 75/76B | €2,483 | €7,132 | +€4,649 | +187% |
| Recurring financial income | 75 | €2,483 | €7,132 | +€4,649 | +187% |
| Financial charges | 65/66B | €5,644 | €5,398 | -€246 | -4.4% |
| Recurring financial charges | 65 | €5,644 | €5,398 | -€246 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €164,589 | €65,395 | -€99,194 | -60.3% |
| Income taxes | 67/77 | €48,965 | €17,106 | -€31,860 | -65.1% |
| Profit (loss) for the period | 9904 | €115,624 | €48,289 | -€67,334 | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €115,624 | €48,289 | -€67,334 | -58.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.