HUMBLET FREDERIC: 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.
HUMBLET FREDERIC
Largest movements
- Receivables within one year +€74,449
up €74,449 (+35.0%), from €212,729 to €287,178
of which Trade receivables: +€101,244
- Cash +€29,142
up €29,142 (+14.2%), from €205,180 to €234,322
mainly Net result for the year (+€75,283) and Other debts (+€63,365)
- Tangible fixed assets -€11,826
down €11,826 (-20.2%), from €58,579 to €46,753
of which Furniture and vehicles: -€12,190
- Other debts +€63,365
up €63,365 (+152%), from €41,570 to €104,935
- Advances received +€46,205
up €46,205 (+146%), from €31,721 to €77,926
- Tax, wage and social debts -€34,561
down €34,561 (-75.2%), from €45,980 to €11,419
of which Taxes: -€18,306
- Trade debts +€8,161
new in 2025: €8,161
- Staff costs -€35,239
down €35,239 (-24.7%), from €142,798 to €107,559
- Gross operating margin +€16,410
up €16,410 (+7.6%), from €216,096 to €232,506
- Taxes +€13,279
up €13,279 (+80.8%), from €16,438 to €29,717
- Financial income -€9,835
down €9,835 (-99.2%), from €9,915 to €80
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 | €507,951 | €597,622 | +€89,672 | +17.7% |
| Fixed assets | 21/28 | €63,820 | €51,994 | -€11,826 | -18.5% |
| Tangible fixed assets | 22/27 | €58,579 | €46,753 | -€11,826 | -20.2% |
| Plant, machinery and equipment | 23 | €7,071 | €7,436 | +€364 | +5.1% |
| Furniture and vehicles | 24 | €51,507 | €39,318 | -€12,190 | -23.7% |
| Other tangible fixed assets | 26 | €0 | - | -€0 | |
| Financial fixed assets | 28 | €5,241 | €5,241 | = | 0.0% |
| Current assets | 29/58 | €444,131 | €545,628 | +€101,497 | +22.9% |
| Stocks and contracts in progress | 3 | €18,342 | €17,989 | -€353 | -1.9% |
| Stocks | 30/36 | €18,342 | €17,989 | -€353 | -1.9% |
| Amounts receivable within one year | 40/41 | €212,729 | €287,178 | +€74,449 | +35.0% |
| Trade receivables | 40 | €158,114 | €259,357 | +€101,244 | +64.0% |
| Other amounts receivable | 41 | €54,616 | €27,821 | -€26,795 | -49.1% |
| Cash at bank and in hand | 54/58 | €205,180 | €234,322 | +€29,142 | +14.2% |
| Deferred charges and accrued income | 490/1 | €7,880 | €6,139 | -€1,741 | -22.1% |
| Total equity and liabilities | 10/49 | €507,951 | €597,622 | +€89,672 | +17.7% |
| Equity | 10/15 | €367,008 | €372,301 | +€5,293 | +1.4% |
| Contributions | 10/11 | €93,000 | €93,000 | = | 0.0% |
| Reserves | 13 | €274,008 | €279,301 | +€5,293 | +1.9% |
| Non-distributable reserves | 130/1 | €9,300 | - | -€9,300 | |
| Reserves not available under the articles | 1311 | €9,300 | - | -€9,300 | |
| Tax-exempt reserves | 132 | - | €36,611 | +€36,611 | |
| Distributable reserves | 133 | €264,708 | €242,690 | -€22,017 | -8.3% |
| Provisions and deferred taxes | 16 | €20,572 | €20,572 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €20,572 | €20,572 | = | 0.0% |
| Pensions and similar obligations | 160 | €20,572 | €20,572 | = | 0.0% |
| Amounts payable | 17/49 | €120,371 | €204,749 | +€84,378 | +70.1% |
| Amounts payable within one year | 42/48 | €119,270 | €202,441 | +€83,170 | +69.7% |
| Trade debts | 44 | - | €8,161 | +€8,161 | |
| Suppliers | 440/4 | - | €8,161 | +€8,161 | |
| Advances received on contracts in progress | 46 | €31,721 | €77,926 | +€46,205 | +146% |
| Taxes, remuneration and social security | 45 | €45,980 | €11,419 | -€34,561 | -75.2% |
| Taxes | 450/3 | €29,725 | €11,419 | -€18,306 | -61.6% |
| Remuneration and social security | 454/9 | €16,255 | - | -€16,255 | |
| Other amounts payable | 47/48 | €41,570 | €104,935 | +€63,365 | +152% |
| Accrued charges and deferred income | 492/3 | €1,101 | €2,309 | +€1,208 | +110% |
| Remuneration, social security and pensions | 62 | €142,798 | €107,559 | -€35,239 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,649 | €15,383 | -€2,266 | -12.8% |
| Other operating charges | 640/8 | €1,343 | €2,168 | +€825 | +61.4% |
| Gross operating margin | 9900 | €216,096 | €232,506 | +€16,410 | +7.6% |
| Operating profit (loss) | 9901 | €54,306 | €107,396 | +€53,090 | +97.8% |
| Financial income | 75/76B | €9,915 | €80 | -€9,835 | -99.2% |
| Recurring financial income | 75 | €9,915 | €80 | -€9,835 | -99.2% |
| Financial charges | 65/66B | €1,329 | €2,476 | +€1,147 | +86.3% |
| Recurring financial charges | 65 | €1,329 | €2,476 | +€1,147 | +86.3% |
| Profit (loss) for the period before taxes | 9903 | €62,892 | €105,000 | +€42,108 | +67.0% |
| Income taxes | 67/77 | €16,438 | €29,717 | +€13,279 | +80.8% |
| Profit (loss) for the period | 9904 | €46,455 | €75,283 | +€28,829 | +62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,455 | €75,283 | +€28,829 | +62.1% |
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 23 October 2026 via checked.be.