Humelma: 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.
Humelma
Largest movements
- Receivables within one year +€197,710
up €197,710 (+39.4%), from €501,660 to €699,370
of which Other amounts receivable: +€148,902
- Tangible fixed assets -€89,011
down €89,011 (-5.0%), from €1.8m to €1.7m
of which Land and buildings: -€82,751
- Other debts +€124,369
up €124,369 (+11.7%), from €1.1m to €1.2m
- Debts after one year -€79,577
down €79,577 (-6.9%), from €1.1m to €1.1m
- Trade debts +€49,422
up €49,422 (+283%), from €17,485 to €66,906
- Current portion of long-term debt -€38,929
down €38,929 (-31.1%), from €124,997 to €86,068
- Reserves +€36,171
up €36,171 (+108%), from €33,465 to €69,636
- Gross operating margin +€68,310
up €68,310 (+40.8%), from €167,310 to €235,619
- Financial charges +€55,770
up €55,770 (+106%), from €52,618 to €108,388
- Staff costs -€17,821
down €17,821, from €17,494 to -€327
- Taxes +€11,570
up €11,570 (+732%), from €1,580 to €13,150
- Depreciation +€10,232
up €10,232 (+11.8%), from €86,641 to €96,873
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 | €2,523,066 | €2,639,531 | +€116,464 | +4.6% |
| Fixed assets | 21/28 | €2,010,706 | €1,921,696 | -€89,011 | -4.4% |
| Tangible fixed assets | 22/27 | €1,770,123 | €1,681,113 | -€89,011 | -5.0% |
| Land and buildings | 22 | €1,705,059 | €1,622,308 | -€82,751 | -4.9% |
| Plant, machinery and equipment | 23 | €65,064 | €58,804 | -€6,260 | -9.6% |
| Financial fixed assets | 28 | €240,583 | €240,583 | = | 0.0% |
| Current assets | 29/58 | €512,360 | €717,835 | +€205,475 | +40.1% |
| Amounts receivable within one year | 40/41 | €501,660 | €699,370 | +€197,710 | +39.4% |
| Trade receivables | 40 | €28,089 | €76,896 | +€48,807 | +174% |
| Other amounts receivable | 41 | €473,572 | €622,474 | +€148,902 | +31.4% |
| Cash at bank and in hand | 54/58 | €10,700 | €18,466 | +€7,766 | +72.6% |
| Total equity and liabilities | 10/49 | €2,523,066 | €2,639,531 | +€116,464 | +4.6% |
| Equity | 10/15 | €163,465 | €199,636 | +€36,171 | +22.1% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €33,465 | €69,636 | +€36,171 | +108% |
| Distributable reserves | 133 | €33,465 | €69,636 | +€36,171 | +108% |
| Amounts payable | 17/49 | €2,359,601 | €2,439,895 | +€80,294 | +3.4% |
| Amounts payable after more than one year | 17 | €1,145,750 | €1,066,173 | -€79,577 | -6.9% |
| Financial debts | 170/4 | €1,145,750 | €1,066,173 | -€79,577 | -6.9% |
| Amounts payable within one year | 42/48 | €1,212,556 | €1,369,609 | +€157,053 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €124,997 | €86,068 | -€38,929 | -31.1% |
| Trade debts | 44 | €17,485 | €66,906 | +€49,422 | +283% |
| Suppliers | 440/4 | €17,485 | €66,906 | +€49,422 | +283% |
| Taxes, remuneration and social security | 45 | €9,268 | €31,459 | +€22,191 | +239% |
| Taxes | 450/3 | €7,560 | €31,459 | +€23,898 | +316% |
| Remuneration and social security | 454/9 | €1,708 | - | -€1,708 | |
| Other amounts payable | 47/48 | €1,060,806 | €1,185,175 | +€124,369 | +11.7% |
| Accrued charges and deferred income | 492/3 | €1,296 | €4,114 | +€2,818 | +217% |
| Non-recurring operating income | 76A | €2,460 | €4,511 | +€2,051 | +83.4% |
| Remuneration, social security and pensions | 62 | €17,494 | -€327 | -€17,821 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,641 | €96,873 | +€10,232 | +11.8% |
| Other operating charges | 640/8 | €11,331 | €8,852 | -€2,479 | -21.9% |
| Gross operating margin | 9900 | €167,310 | €235,619 | +€68,310 | +40.8% |
| Operating profit (loss) | 9901 | €51,844 | €130,221 | +€78,377 | +151% |
| Financial income | 75/76B | €18,383 | €27,487 | +€9,104 | +49.5% |
| Recurring financial income | 75 | €18,383 | €26,000 | +€7,617 | +41.4% |
| Non-recurring financial income | 76B | - | €1,488 | +€1,488 | |
| Financial charges | 65/66B | €52,618 | €108,388 | +€55,770 | +106% |
| Recurring financial charges | 65 | €52,618 | €108,388 | +€55,770 | +106% |
| Profit (loss) for the period before taxes | 9903 | €17,609 | €49,321 | +€31,712 | +180% |
| Income taxes | 67/77 | €1,580 | €13,150 | +€11,570 | +732% |
| Profit (loss) for the period | 9904 | €16,029 | €36,171 | +€20,142 | +126% |
| Profit (loss) for the period to be appropriated | 9905 | €16,029 | €36,171 | +€20,142 | +126% |
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 18 October 2026 via checked.be.