HUMEN: 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.
HUMEN
Largest movements
- Tangible fixed assets +€207,828
up €207,828 (+385%), from €54,048 to €261,876
of which Land and buildings: +€208,834
- Cash -€29,158
down €29,158 (-24.3%), from €119,752 to €90,594
mainly Investment in fixed assets (net) (-€219,170) and Net result for the year (-€39,835)
- Debts after one year +€185,145
new in 2025: €185,145
- Profit (loss) carried forward -€37,615
down €37,615, from €0 to -€37,615
- Trade debts +€19,324
up €19,324 (+192%), from €10,074 to €29,398
- Current portion of long-term debt +€11,663
new in 2025: €11,663
- Gross operating margin -€52,493
down €52,493 (-68.0%), from €77,232 to €24,738
- Other operating charges +€27,091
up €27,091 (+3,989%), from €679 to €27,770
- Taxes -€16,282
down €16,282 (-81.5%), from €19,971 to €3,689
- Write-downs +€16,261
new in 2025: €16,261
- Financial charges +€5,368
up €5,368 (+1,608%), from €334 to €5,702
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 | €258,925 | €434,146 | +€175,222 | +67.7% |
| Fixed assets | 21/28 | €54,298 | €262,126 | +€207,828 | +383% |
| Tangible fixed assets | 22/27 | €54,048 | €261,876 | +€207,828 | +385% |
| Land and buildings | 22 | €52,083 | €260,917 | +€208,834 | +401% |
| Furniture and vehicles | 24 | €1,965 | €959 | -€1,006 | -51.2% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €204,627 | €172,020 | -€32,607 | -15.9% |
| Amounts receivable within one year | 40/41 | €82,448 | €81,298 | -€1,150 | -1.4% |
| Trade receivables | 40 | €71,252 | €68,915 | -€2,336 | -3.3% |
| Other amounts receivable | 41 | €11,197 | €12,383 | +€1,186 | +10.6% |
| Cash at bank and in hand | 54/58 | €119,752 | €90,594 | -€29,158 | -24.3% |
| Deferred charges and accrued income | 490/1 | €2,427 | €128 | -€2,298 | -94.7% |
| Total equity and liabilities | 10/49 | €258,925 | €434,146 | +€175,222 | +67.7% |
| Equity | 10/15 | €229,465 | €189,629 | -€39,835 | -17.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €217,065 | €214,845 | -€2,220 | -1.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €217,065 | €214,845 | -€2,220 | -1.0% |
| Profit (loss) carried forward | 14 | €0 | -€37,615 | -€37,615 | |
| Amounts payable | 17/49 | €29,460 | €244,517 | +€215,057 | +730% |
| Amounts payable after more than one year | 17 | - | €185,145 | +€185,145 | |
| Financial debts | 170/4 | - | €185,145 | +€185,145 | |
| Amounts payable within one year | 42/48 | €27,427 | €58,972 | +€31,546 | +115% |
| Current portion of amounts payable after more than one year | 42 | - | €11,663 | +€11,663 | |
| Trade debts | 44 | €10,074 | €29,398 | +€19,324 | +192% |
| Suppliers | 440/4 | €10,074 | €29,398 | +€19,324 | +192% |
| Taxes, remuneration and social security | 45 | €16,584 | €17,912 | +€1,328 | +8.0% |
| Taxes | 450/3 | €16,584 | €17,912 | +€1,328 | +8.0% |
| Other amounts payable | 47/48 | €769 | €0 | -€769 | -100% |
| Accrued charges and deferred income | 492/3 | €2,033 | €400 | -€1,634 | -80.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,089 | €11,342 | +€3,253 | +40.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €16,261 | +€16,261 | |
| Other operating charges | 640/8 | €679 | €27,770 | +€27,091 | +3,989% |
| Gross operating margin | 9900 | €77,232 | €24,738 | -€52,493 | -68.0% |
| Operating profit (loss) | 9901 | €68,463 | -€30,635 | -€99,098 | |
| Financial income | 75/76B | - | €190 | +€190 | |
| Recurring financial income | 75 | - | €190 | +€190 | |
| Financial charges | 65/66B | €334 | €5,702 | +€5,368 | +1,608% |
| Recurring financial charges | 65 | €334 | €5,702 | +€5,368 | +1,608% |
| Profit (loss) for the period before taxes | 9903 | €68,130 | -€36,146 | -€104,276 | |
| Income taxes | 67/77 | €19,971 | €3,689 | -€16,282 | -81.5% |
| Profit (loss) for the period | 9904 | €48,159 | -€39,835 | -€87,994 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,159 | -€39,835 | -€87,994 |
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 24 October 2026 via checked.be.