HUMAVER: 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.
HUMAVER
Largest movements
- Receivables within one year +€18,716
up €18,716 (+85.7%), from €21,829 to €40,545
of which Other amounts receivable: +€17,502
- Cash +€6,673
up €6,673 (+181.9%), from €3,668 to €10,342
mainly Net result for the year (+€16,224) and Tax, wage and social debts (+€6,467)
- Tangible fixed assets -€2,292
down €2,292 (-66.0%), from €3,472 to €1,180
- Reserves +€15,106
up €15,106 (+32.2%), from €46,952 to €62,058
- Tax, wage and social debts +€6,467
up €6,467 (+124.1%), from €5,209 to €11,676
- Other debts -€2,000
no longer reported in 2025 (was €2,000)
- Trade debts +€1,943
up €1,943 (+6.0%), from €32,394 to €34,337
- Gross operating margin +€13,613
up €13,613 (+98.8%), from €13,782 to €27,394
- Taxes +€4,420
up €4,420 (+97.2%), from €4,548 to €8,968
- Other operating charges -€442
down €442 (-19.2%), from €2,304 to €1,862
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 | €120,960 | €144,058 | +€23,097 | +19.1% |
| Fixed assets | 21/28 | €3,472 | €1,180 | -€2,292 | -66.0% |
| Tangible fixed assets | 22/27 | €3,472 | €1,180 | -€2,292 | -66.0% |
| Furniture and vehicles | 24 | €3,472 | €1,180 | -€2,292 | -66.0% |
| Current assets | 29/58 | €117,488 | €142,877 | +€25,389 | +21.6% |
| Amounts receivable after more than one year | 29 | €67,400 | €67,400 | = | 0.0% |
| Other amounts receivable | 291 | €67,400 | €67,400 | = | 0.0% |
| Stocks and contracts in progress | 3 | €24,591 | €24,591 | = | 0.0% |
| Stocks | 30/36 | €24,591 | €24,591 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,829 | €40,545 | +€18,716 | +85.7% |
| Trade receivables | 40 | €9,121 | €10,335 | +€1,214 | +13.3% |
| Other amounts receivable | 41 | €12,708 | €30,210 | +€17,502 | +137.7% |
| Cash at bank and in hand | 54/58 | €3,668 | €10,342 | +€6,673 | +181.9% |
| Total equity and liabilities | 10/49 | €120,960 | €144,058 | +€23,097 | +19.1% |
| Equity | 10/15 | €64,425 | €80,650 | +€16,224 | +25.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €46,952 | €62,058 | +€15,106 | +32.2% |
| Distributable reserves | 133 | €46,952 | €62,058 | +€15,106 | +32.2% |
| Profit (loss) carried forward | 14 | -€1,118 | - | +€1,118 | |
| Amounts payable | 17/49 | €56,535 | €63,408 | +€6,873 | +12.2% |
| Amounts payable after more than one year | 17 | €5,000 | €5,000 | = | 0.0% |
| Financial debts | 170/4 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €51,535 | €58,408 | +€6,873 | +13.3% |
| Financial debts | 43 | €11,932 | €12,395 | +€463 | +3.9% |
| Credit institutions | 430/8 | €11,932 | €12,395 | +€463 | +3.9% |
| Trade debts | 44 | €32,394 | €34,337 | +€1,943 | +6.0% |
| Suppliers | 440/4 | €32,394 | €34,337 | +€1,943 | +6.0% |
| Taxes, remuneration and social security | 45 | €5,209 | €11,676 | +€6,467 | +124.1% |
| Taxes | 450/3 | €5,209 | €11,676 | +€6,467 | +124.1% |
| Other amounts payable | 47/48 | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,292 | €2,292 | = | 0.0% |
| Other operating charges | 640/8 | €2,304 | €1,862 | -€442 | -19.2% |
| Gross operating margin | 9900 | €13,782 | €27,394 | +€13,613 | +98.8% |
| Operating profit (loss) | 9901 | €9,186 | €23,240 | +€14,054 | +153.0% |
| Financial income | 75/76B | €3,265 | €3,420 | +€155 | +4.7% |
| Recurring financial income | 75 | €3,265 | €3,420 | +€155 | +4.7% |
| Financial charges | 65/66B | €1,547 | €1,468 | -€80 | -5.2% |
| Recurring financial charges | 65 | €1,547 | €1,468 | -€80 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €10,904 | €25,192 | +€14,289 | +131.0% |
| Income taxes | 67/77 | €4,548 | €8,968 | +€4,420 | +97.2% |
| Profit (loss) for the period | 9904 | €6,356 | €16,224 | +€9,869 | +155.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,356 | €16,224 | +€9,869 | +155.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.