HUMITHERM: 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.
HUMITHERM
Largest movements
- Receivables within one year +€33,627
up €33,627 (+71.9%), from €46,790 to €80,417
of which Trade receivables: +€38,879
- Intangible fixed assets +€21,123
new in 2025: €21,123
- Cash +€8,499
up €8,499 (+143%), from €5,947 to €14,447
mainly Other debts (+€35,000) and Net result for the year (+€28,067)
- Stocks and contracts +€6,120
up €6,120 (+31.5%), from €19,455 to €25,575
- Deferred charges and accrued income -€3,449
down €3,449 (-53.7%), from €6,421 to €2,972
- Other debts +€35,000
new in 2025: €35,000
- Profit (loss) carried forward +€28,067
up €28,067 (+165%), from €17,054 to €45,121
- Trade debts +€17,731
up €17,731 (+105%), from €16,813 to €34,544
- Debts after one year -€4,844
down €4,844 (-91.0%), from €5,322 to €478
- Tax, wage and social debts -€4,380
down €4,380 (-74.5%), from €5,878 to €1,498
of which Remuneration and social security: -€3,347
- Gross operating margin +€61,085
up €61,085 (+103%), from €59,167 to €120,252
- Staff costs +€34,644
up €34,644 (+67.3%), from €51,441 to €86,085
- Depreciation +€4,185
up €4,185 (+1,337%), from €313 to €4,498
- Other operating charges -€1,820
down €1,820 (-87.3%), from €2,084 to €264
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 | €81,233 | €149,796 | +€68,563 | +84.4% |
| Fixed assets | 21/28 | €2,620 | €26,385 | +€23,766 | +907% |
| Intangible fixed assets | 21 | - | €21,123 | +€21,123 | |
| Tangible fixed assets | 22/27 | €1,253 | €3,895 | +€2,642 | +211% |
| Plant, machinery and equipment | 23 | €1,253 | €939 | -€313 | -25.0% |
| Furniture and vehicles | 24 | - | €2,955 | +€2,955 | |
| Financial fixed assets | 28 | €1,367 | €1,367 | = | 0.0% |
| Current assets | 29/58 | €78,614 | €123,411 | +€44,797 | +57.0% |
| Stocks and contracts in progress | 3 | €19,455 | €25,575 | +€6,120 | +31.5% |
| Stocks | 30/36 | €19,455 | €25,575 | +€6,120 | +31.5% |
| Amounts receivable within one year | 40/41 | €46,790 | €80,417 | +€33,627 | +71.9% |
| Trade receivables | 40 | €3,699 | €42,578 | +€38,879 | +1,051% |
| Other amounts receivable | 41 | €43,091 | €37,839 | -€5,252 | -12.2% |
| Cash at bank and in hand | 54/58 | €5,947 | €14,447 | +€8,499 | +143% |
| Deferred charges and accrued income | 490/1 | €6,421 | €2,972 | -€3,449 | -53.7% |
| Total equity and liabilities | 10/49 | €81,233 | €149,796 | +€68,563 | +84.4% |
| Equity | 10/15 | €37,514 | €65,581 | +€28,067 | +74.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,054 | €45,121 | +€28,067 | +165% |
| Amounts payable | 17/49 | €43,719 | €84,215 | +€40,495 | +92.6% |
| Amounts payable after more than one year | 17 | €5,322 | €478 | -€4,844 | -91.0% |
| Financial debts | 170/4 | €5,322 | €478 | -€4,844 | -91.0% |
| Amounts payable within one year | 42/48 | €38,398 | €83,736 | +€45,339 | +118% |
| Current portion of amounts payable after more than one year | 42 | €15,707 | €12,695 | -€3,012 | -19.2% |
| Trade debts | 44 | €16,813 | €34,544 | +€17,731 | +105% |
| Suppliers | 440/4 | €16,813 | €34,544 | +€17,731 | +105% |
| Taxes, remuneration and social security | 45 | €5,878 | €1,498 | -€4,380 | -74.5% |
| Taxes | 450/3 | €2,531 | €1,498 | -€1,033 | -40.8% |
| Remuneration and social security | 454/9 | €3,347 | - | -€3,347 | |
| Other amounts payable | 47/48 | - | €35,000 | +€35,000 | |
| Remuneration, social security and pensions | 62 | €51,441 | €86,085 | +€34,644 | +67.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €313 | €4,498 | +€4,185 | +1,337% |
| Other operating charges | 640/8 | €2,084 | €264 | -€1,820 | -87.3% |
| Gross operating margin | 9900 | €59,167 | €120,252 | +€61,085 | +103% |
| Operating profit (loss) | 9901 | €5,328 | €29,404 | +€24,076 | +452% |
| Financial income | 75/76B | €7 | €0 | -€7 | -98.6% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -98.6% |
| Financial charges | 65/66B | €135 | €837 | +€703 | +522% |
| Recurring financial charges | 65 | €135 | €837 | +€703 | +522% |
| Profit (loss) for the period before taxes | 9903 | €5,201 | €28,567 | +€23,366 | +449% |
| Income taxes | 67/77 | €1,259 | €500 | -€759 | -60.3% |
| Profit (loss) for the period | 9904 | €3,942 | €28,067 | +€24,125 | +612% |
| Profit (loss) for the period to be appropriated | 9905 | €3,942 | €28,067 | +€24,125 | +612% |
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 28 October 2026 via checked.be.