HUMITAB: what changed
Two fiscal 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.
HUMITAB
Largest movements
- Receivables within one year -€136,054
down €136,054 (-31.3%), from €435,131 to €299,078
of which Trade receivables: -€142,136
- Cash -€50,201
down €50,201 (-59.6%), from €84,230 to €34,029
mainly Trade debts (-€175,213) and Investment in fixed assets (net) (-€45,951)
- Tangible fixed assets +€25,544
up €25,544 (+13.8%), from €185,205 to €210,749
of which Furniture and vehicles: +€31,727
- Stocks and contracts -€21,027
down €21,027 (-24.9%), from €84,534 to €63,507
- Deferred charges and accrued income +€13,448
up €13,448 (+58.7%), from €22,912 to €36,360
- Trade debts -€175,213
down €175,213 (-61.5%), from €284,727 to €109,514
- Reserves +€15,688
up €15,688 (+4.2%), from €377,948 to €393,635
- Other debts -€8,506
down €8,506 (-30.4%), from €27,953 to €19,447
- Gross operating margin +€11,678
up €11,678 (+5.5%), from €212,755 to €224,433
- Depreciation +€9,536
up €9,536 (+87.7%), from €10,872 to €20,408
- Staff costs +€9,096
up €9,096 (+5.9%), from €154,454 to €163,550
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.
Cash bridge derived
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 | €812,647 | €644,356 | -€168,290 | -20.7% |
| Fixed assets | 21/28 | €185,839 | €211,383 | +€25,544 | +13.7% |
| Tangible fixed assets | 22/27 | €185,205 | €210,749 | +€25,544 | +13.8% |
| Land and buildings | 22 | €149,240 | €143,057 | -€6,183 | -4.1% |
| Furniture and vehicles | 24 | €35,965 | €67,692 | +€31,727 | +88.2% |
| Financial fixed assets | 28 | €634 | €634 | = | 0.0% |
| Current assets | 29/58 | €626,807 | €432,973 | -€193,834 | -30.9% |
| Stocks and contracts in progress | 3 | €84,534 | €63,507 | -€21,027 | -24.9% |
| Stocks | 30/36 | €84,534 | €63,507 | -€21,027 | -24.9% |
| Amounts receivable within one year | 40/41 | €435,131 | €299,078 | -€136,054 | -31.3% |
| Trade receivables | 40 | €430,151 | €288,014 | -€142,136 | -33.0% |
| Other amounts receivable | 41 | €4,981 | €11,063 | +€6,083 | +122.1% |
| Cash at bank and in hand | 54/58 | €84,230 | €34,029 | -€50,201 | -59.6% |
| Deferred charges and accrued income | 490/1 | €22,912 | €36,360 | +€13,448 | +58.7% |
| Total equity and liabilities | 10/49 | €812,647 | €644,356 | -€168,290 | -20.7% |
| Equity | 10/15 | €477,948 | €493,635 | +€15,688 | +3.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €377,948 | €393,635 | +€15,688 | +4.2% |
| Distributable reserves | 133 | €377,948 | €393,635 | +€15,688 | +4.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €334,699 | €150,721 | -€183,978 | -55.0% |
| Amounts payable within one year | 42/48 | €332,753 | €149,203 | -€183,550 | -55.2% |
| Trade debts | 44 | €284,727 | €109,514 | -€175,213 | -61.5% |
| Suppliers | 440/4 | €284,727 | €109,514 | -€175,213 | -61.5% |
| Taxes, remuneration and social security | 45 | €20,072 | €20,242 | +€170 | +0.8% |
| Taxes | 450/3 | €609 | €487 | -€122 | -20.0% |
| Remuneration and social security | 454/9 | €19,464 | €19,755 | +€291 | +1.5% |
| Other amounts payable | 47/48 | €27,953 | €19,447 | -€8,506 | -30.4% |
| Accrued charges and deferred income | 492/3 | €1,946 | €1,518 | -€428 | -22.0% |
| Remuneration, social security and pensions | 62 | €154,454 | €163,550 | +€9,096 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,872 | €20,408 | +€9,536 | +87.7% |
| Other operating charges | 640/8 | €7,542 | €6,870 | -€672 | -8.9% |
| Non-recurring operating charges | 66A | €302 | €0 | -€302 | -100.0% |
| Gross operating margin | 9900 | €212,755 | €224,433 | +€11,678 | +5.5% |
| Operating profit (loss) | 9901 | €39,586 | €33,605 | -€5,981 | -15.1% |
| Financial income | 75/76B | €2,380 | €3,361 | +€982 | +41.3% |
| Recurring financial income | 75 | €2,380 | €3,361 | +€982 | +41.3% |
| Financial charges | 65/66B | €5,388 | €4,004 | -€1,384 | -25.7% |
| Recurring financial charges | 65 | €5,388 | €4,004 | -€1,384 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €36,578 | €32,962 | -€3,616 | -9.9% |
| Income taxes | 67/77 | €10,645 | €9,275 | -€1,370 | -12.9% |
| Profit (loss) for the period | 9904 | €25,933 | €23,688 | -€2,245 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,933 | €23,688 | -€2,245 | -8.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.