HUMAVA: 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.
HUMAVA
Largest movements
- Cash +€18,573
up €18,573 (+61.2%), from €30,324 to €48,898
mainly Net result for the year (+€73,478) and Other debts (+€73,478)
- Receivables within one year -€9,141
down €9,141 (-28.1%), from €32,518 to €23,377
of which Trade receivables: -€12,453
- Tangible fixed assets +€5,387
up €5,387 (+84.8%), from €6,353 to €11,740
of which Furniture and vehicles: +€5,847
- Deferred charges and accrued income -€1,342
down €1,342 (-31.7%), from €4,231 to €2,889
- Other debts +€73,478
new in 2025: €73,478
- Profit (loss) carried forward -€58,648
down €58,648 (-100%), from €58,648 to €0
- Gross operating margin +€75,348
up €75,348 (+322%), from €23,365 to €98,713
- Taxes +€14,637
up €14,637 (+330%), from €4,433 to €19,070
- Depreciation +€3,073
up €3,073 (+156%), from €1,976 to €5,049
- Financial charges -€1,183
down €1,183 (-59.7%), from €1,983 to €800
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 | €73,426 | €86,903 | +€13,477 | +18.4% |
| Fixed assets | 21/28 | €6,353 | €11,740 | +€5,387 | +84.8% |
| Tangible fixed assets | 22/27 | €6,353 | €11,740 | +€5,387 | +84.8% |
| Plant, machinery and equipment | 23 | €894 | €433 | -€460 | -51.5% |
| Furniture and vehicles | 24 | €5,459 | €11,306 | +€5,847 | +107% |
| Current assets | 29/58 | €67,073 | €75,163 | +€8,090 | +12.1% |
| Amounts receivable within one year | 40/41 | €32,518 | €23,377 | -€9,141 | -28.1% |
| Trade receivables | 40 | €28,045 | €15,592 | -€12,453 | -44.4% |
| Other amounts receivable | 41 | €4,473 | €7,785 | +€3,312 | +74.0% |
| Cash at bank and in hand | 54/58 | €30,324 | €48,898 | +€18,573 | +61.2% |
| Deferred charges and accrued income | 490/1 | €4,231 | €2,889 | -€1,342 | -31.7% |
| Total equity and liabilities | 10/49 | €73,426 | €86,903 | +€13,477 | +18.4% |
| Equity | 10/15 | €61,148 | €2,500 | -€58,648 | -95.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,648 | €0 | -€58,648 | -100% |
| Amounts payable | 17/49 | €12,278 | €84,403 | +€72,125 | +587% |
| Amounts payable within one year | 42/48 | €12,278 | €84,403 | +€72,125 | +587% |
| Trade debts | 44 | €2,406 | €1,754 | -€652 | -27.1% |
| Suppliers | 440/4 | €2,406 | €1,754 | -€652 | -27.1% |
| Taxes, remuneration and social security | 45 | €9,872 | €9,171 | -€702 | -7.1% |
| Taxes | 450/3 | €9,872 | €9,171 | -€702 | -7.1% |
| Other amounts payable | 47/48 | - | €73,478 | +€73,478 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,976 | €5,049 | +€3,073 | +156% |
| Other operating charges | 640/8 | €788 | €506 | -€282 | -35.8% |
| Gross operating margin | 9900 | €23,365 | €98,713 | +€75,348 | +322% |
| Operating profit (loss) | 9901 | €20,601 | €93,158 | +€72,557 | +352% |
| Financial income | 75/76B | €788 | €190 | -€599 | -76.0% |
| Recurring financial income | 75 | €788 | €190 | -€599 | -76.0% |
| Financial charges | 65/66B | €1,983 | €800 | -€1,183 | -59.7% |
| Recurring financial charges | 65 | €1,983 | €800 | -€1,183 | -59.7% |
| Profit (loss) for the period before taxes | 9903 | €19,407 | €92,548 | +€73,141 | +377% |
| Income taxes | 67/77 | €4,433 | €19,070 | +€14,637 | +330% |
| Profit (loss) for the period | 9904 | €14,974 | €73,478 | +€58,504 | +391% |
| Profit (loss) for the period to be appropriated | 9905 | €14,974 | €73,478 | +€58,504 | +391% |
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 26 October 2026 via checked.be.