Humco: 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.
Humco
Largest movements
- Receivables within one year -€54,810
down €54,810 (-19.2%), from €284,924 to €230,115
of which Trade receivables: -€52,955
- Intangible fixed assets +€54,314
up €54,314 (+53.8%), from €100,899 to €155,213
- Tangible fixed assets -€51,145
down €51,145 (-28.1%), from €182,300 to €131,155
of which Plant, machinery and equipment: -€38,454
- Stocks and contracts -€42,750
down €42,750 (-19.8%), from €216,300 to €173,550
of which Contracts in progress: -€23,000
- Cash +€33,563
up €33,563 (+43.9%), from €76,390 to €109,953
mainly Net result for the year (+€75,457) and Depreciation (+€71,481)
- Profit (loss) carried forward +€75,457
up €75,457 (+204%), from €37,019 to €112,477
- Trade debts -€74,781
down €74,781 (-24.0%), from €312,057 to €237,275
- Debts after one year -€57,871
down €57,871 (-29.2%), from €198,464 to €140,593
- Short-term financial debts +€20,317
up €20,317 (+16.3%), from €125,000 to €145,317
- Other debts -€14,000
no longer reported in 2025 (was €14,000)
- Staff costs -€53,401
down €53,401 (-14.4%), from €370,242 to €316,840
- Taxes +€12,268
up €12,268 (+143%), from €8,553 to €20,821
- Depreciation -€9,269
down €9,269 (-11.5%), from €80,750 to €71,481
- Gross operating margin -€6,417
down €6,417 (-1.2%), from €514,574 to €508,157
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 | €905,033 | €837,832 | -€67,202 | -7.4% |
| Formation expenses | 20 | €43,733 | €37,483 | -€6,250 | -14.3% |
| Fixed assets | 21/28 | €283,562 | €286,731 | +€3,169 | +1.1% |
| Intangible fixed assets | 21 | €100,899 | €155,213 | +€54,314 | +53.8% |
| Tangible fixed assets | 22/27 | €182,300 | €131,155 | -€51,145 | -28.1% |
| Plant, machinery and equipment | 23 | €80,823 | €42,369 | -€38,454 | -47.6% |
| Furniture and vehicles | 24 | €911 | - | -€911 | |
| Leasing and similar rights | 25 | €100,566 | €88,786 | -€11,780 | -11.7% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €577,738 | €513,617 | -€64,120 | -11.1% |
| Stocks and contracts in progress | 3 | €216,300 | €173,550 | -€42,750 | -19.8% |
| Stocks | 30/36 | €66,300 | €46,550 | -€19,750 | -29.8% |
| Contracts in progress | 37 | €150,000 | €127,000 | -€23,000 | -15.3% |
| Amounts receivable within one year | 40/41 | €284,924 | €230,115 | -€54,810 | -19.2% |
| Trade receivables | 40 | €236,226 | €183,271 | -€52,955 | -22.4% |
| Other amounts receivable | 41 | €48,699 | €46,844 | -€1,855 | -3.8% |
| Cash at bank and in hand | 54/58 | €76,390 | €109,953 | +€33,563 | +43.9% |
| Deferred charges and accrued income | 490/1 | €124 | €0 | -€124 | -100% |
| Total equity and liabilities | 10/49 | €905,033 | €837,832 | -€67,202 | -7.4% |
| Equity | 10/15 | €104,545 | €180,003 | +€75,457 | +72.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €17,526 | €17,526 | = | 0.0% |
| Distributable reserves | 133 | €17,526 | €17,526 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,019 | €112,477 | +€75,457 | +204% |
| Amounts payable | 17/49 | €800,488 | €657,829 | -€142,659 | -17.8% |
| Amounts payable after more than one year | 17 | €198,464 | €140,593 | -€57,871 | -29.2% |
| Financial debts | 170/4 | €198,464 | €140,593 | -€57,871 | -29.2% |
| Amounts payable within one year | 42/48 | €591,921 | €506,878 | -€85,043 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €94,016 | €85,096 | -€8,920 | -9.5% |
| Financial debts | 43 | €125,000 | €145,317 | +€20,317 | +16.3% |
| Credit institutions | 430/8 | €125,000 | €145,317 | +€20,317 | +16.3% |
| Trade debts | 44 | €312,057 | €237,275 | -€74,781 | -24.0% |
| Suppliers | 440/4 | €312,057 | €237,275 | -€74,781 | -24.0% |
| Taxes, remuneration and social security | 45 | €46,849 | €39,189 | -€7,659 | -16.3% |
| Taxes | 450/3 | €8,571 | €0 | -€8,571 | -100% |
| Remuneration and social security | 454/9 | €38,277 | €39,189 | +€912 | +2.4% |
| Other amounts payable | 47/48 | €14,000 | - | -€14,000 | |
| Accrued charges and deferred income | 492/3 | €10,103 | €10,358 | +€256 | +2.5% |
| Remuneration, social security and pensions | 62 | €370,242 | €316,840 | -€53,401 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,750 | €71,481 | -€9,269 | -11.5% |
| Other operating charges | 640/8 | €7,907 | €8,955 | +€1,048 | +13.3% |
| Gross operating margin | 9900 | €514,574 | €508,157 | -€6,417 | -1.2% |
| Operating profit (loss) | 9901 | €55,676 | €110,881 | +€55,205 | +99.2% |
| Financial charges | 65/66B | €17,301 | €14,603 | -€2,699 | -15.6% |
| Recurring financial charges | 65 | €17,301 | €14,603 | -€2,699 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €38,374 | €96,278 | +€57,904 | +151% |
| Income taxes | 67/77 | €8,553 | €20,821 | +€12,268 | +143% |
| Profit (loss) for the period | 9904 | €29,821 | €75,457 | +€45,636 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €29,821 | €75,457 | +€45,636 | +153% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.