HumbleBee Partners: 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.
HumbleBee Partners
Largest movements
- Current investments -€150,506
down €150,506 (-100%), from €150,506 to €0
- Receivables within one year +€50,442
up €50,442 (+16.3%), from €309,672 to €360,113
of which Trade receivables: +€36,709
- Cash -€38,272
down €38,272 (-53.4%), from €71,690 to €33,418
mainly Other debts (-€165,145) and Contributions, distributions and other (-€128,278)
- Tangible fixed assets +€15,333
up €15,333 (+18.6%), from €82,480 to €97,814
of which Furniture and vehicles: +€16,383
- Other debts -€165,145
down €165,145 (-56.3%), from €293,423 to €128,278
- Trade debts +€34,833
up €34,833 (+767%), from €4,542 to €39,374
- Tax, wage and social debts +€7,427
up €7,427 (+57.7%), from €12,876 to €20,303
- Gross operating margin -€542,045
down €542,045 (-73.6%), from €736,359 to €194,314
- Taxes -€133,357
down €133,357 (-76.5%), from €174,210 to €40,853
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 | €619,976 | €497,128 | -€122,848 | -19.8% |
| Fixed assets | 21/28 | €82,480 | €97,814 | +€15,333 | +18.6% |
| Tangible fixed assets | 22/27 | €82,480 | €97,814 | +€15,333 | +18.6% |
| Plant, machinery and equipment | 23 | €2,860 | €1,810 | -€1,050 | -36.7% |
| Furniture and vehicles | 24 | €79,621 | €96,004 | +€16,383 | +20.6% |
| Current assets | 29/58 | €537,495 | €399,314 | -€138,181 | -25.7% |
| Amounts receivable within one year | 40/41 | €309,672 | €360,113 | +€50,442 | +16.3% |
| Trade receivables | 40 | €30,257 | €66,966 | +€36,709 | +121% |
| Other amounts receivable | 41 | €279,415 | €293,147 | +€13,733 | +4.9% |
| Current investments | 50/53 | €150,506 | €0 | -€150,506 | -100% |
| Cash at bank and in hand | 54/58 | €71,690 | €33,418 | -€38,272 | -53.4% |
| Deferred charges and accrued income | 490/1 | €5,627 | €5,783 | +€156 | +2.8% |
| Total equity and liabilities | 10/49 | €619,976 | €497,128 | -€122,848 | -19.8% |
| Equity | 10/15 | €302,600 | €302,600 | = | 0.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €252,600 | €252,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €252,600 | €252,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €317,376 | €194,528 | -€122,848 | -38.7% |
| Amounts payable within one year | 42/48 | €310,840 | €187,955 | -€122,885 | -39.5% |
| Trade debts | 44 | €4,542 | €39,374 | +€34,833 | +767% |
| Suppliers | 440/4 | €4,542 | €39,374 | +€34,833 | +767% |
| Taxes, remuneration and social security | 45 | €12,876 | €20,303 | +€7,427 | +57.7% |
| Taxes | 450/3 | €12,876 | €20,303 | +€7,427 | +57.7% |
| Other amounts payable | 47/48 | €293,423 | €128,278 | -€165,145 | -56.3% |
| Accrued charges and deferred income | 492/3 | €6,536 | €6,573 | +€38 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,816 | €24,779 | +€1,963 | +8.6% |
| Other operating charges | 640/8 | €1,440 | €1,373 | -€67 | -4.7% |
| Gross operating margin | 9900 | €736,359 | €194,314 | -€542,045 | -73.6% |
| Operating profit (loss) | 9901 | €712,103 | €168,162 | -€543,941 | -76.4% |
| Financial income | 75/76B | €8,250 | €1,077 | -€7,173 | -86.9% |
| Recurring financial income | 75 | €8,250 | €1,077 | -€7,173 | -86.9% |
| Financial charges | 65/66B | €120 | €108 | -€12 | -10.3% |
| Recurring financial charges | 65 | €120 | €108 | -€12 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €720,232 | €169,131 | -€551,102 | -76.5% |
| Income taxes | 67/77 | €174,210 | €40,853 | -€133,357 | -76.5% |
| Profit (loss) for the period | 9904 | €546,023 | €128,278 | -€417,745 | -76.5% |
| Transfer to tax-exempt reserves | 689 | €252,600 | €0 | -€252,600 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €293,423 | €128,278 | -€165,145 | -56.3% |
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 16 October 2026 via checked.be.