Hummingbird: 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.
Hummingbird
Largest movements
- Cash -€57,851
down €57,851 (-50.0%), from €115,675 to €57,824
mainly Deferred charges and accrued income (-€29,572) and Contributions, distributions and other (-€22,000)
- Deferred charges and accrued income +€29,572
new in 2025: €29,572
- Receivables within one year +€7,090
up €7,090 (+32.6%), from €21,736 to €28,826
of which Other amounts receivable: +€10,557
- Reserves -€22,000
down €22,000 (-14.0%), from €157,100 to €135,100
- Trade debts +€4,104
up €4,104 (+55.6%), from €7,380 to €11,484
- Tax, wage and social debts -€2,800
no longer reported in 2025 (was €2,800)
- Gross operating margin -€37,018
down €37,018 (-77.8%), from €47,584 to €10,567
- Taxes -€10,467
down €10,467 (-91.2%), from €11,476 to €1,009
- Depreciation +€1,553
up €1,553 (+22.3%), from €6,973 to €8,526
- Financial income +€732
up €732 (+241%), from €304 to €1,035
- Financial charges +€602
up €602 (+212%), from €284 to €887
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 | €187,207 | €167,306 | -€19,901 | -10.6% |
| Fixed assets | 21/28 | €49,796 | €51,084 | +€1,288 | +2.6% |
| Tangible fixed assets | 22/27 | €49,796 | €51,084 | +€1,288 | +2.6% |
| Plant, machinery and equipment | 23 | €2,430 | €4,114 | +€1,684 | +69.3% |
| Furniture and vehicles | 24 | €6,632 | €4,776 | -€1,856 | -28.0% |
| Other tangible fixed assets | 26 | €40,734 | €42,194 | +€1,461 | +3.6% |
| Current assets | 29/58 | €137,411 | €116,222 | -€21,189 | -15.4% |
| Amounts receivable within one year | 40/41 | €21,736 | €28,826 | +€7,090 | +32.6% |
| Trade receivables | 40 | €15,572 | €12,105 | -€3,467 | -22.3% |
| Other amounts receivable | 41 | €6,164 | €16,721 | +€10,557 | +171% |
| Cash at bank and in hand | 54/58 | €115,675 | €57,824 | -€57,851 | -50.0% |
| Deferred charges and accrued income | 490/1 | - | €29,572 | +€29,572 | |
| Total equity and liabilities | 10/49 | €187,207 | €167,306 | -€19,901 | -10.6% |
| Equity | 10/15 | €175,901 | €154,025 | -€21,876 | -12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €157,100 | €135,100 | -€22,000 | -14.0% |
| Distributable reserves | 133 | €157,100 | €135,100 | -€22,000 | -14.0% |
| Profit (loss) carried forward | 14 | €201 | €325 | +€124 | +61.7% |
| Amounts payable | 17/49 | €11,306 | €13,280 | +€1,975 | +17.5% |
| Amounts payable within one year | 42/48 | €10,806 | €12,780 | +€1,975 | +18.3% |
| Trade debts | 44 | €7,380 | €11,484 | +€4,104 | +55.6% |
| Suppliers | 440/4 | €7,380 | €11,484 | +€4,104 | +55.6% |
| Taxes, remuneration and social security | 45 | €2,800 | - | -€2,800 | |
| Taxes | 450/3 | €2,800 | - | -€2,800 | |
| Other amounts payable | 47/48 | €625 | €1,296 | +€671 | +107% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,973 | €8,526 | +€1,553 | +22.3% |
| Other operating charges | 640/8 | €1,120 | €1,056 | -€65 | -5.8% |
| Gross operating margin | 9900 | €47,584 | €10,567 | -€37,018 | -77.8% |
| Operating profit (loss) | 9901 | €39,491 | €985 | -€38,506 | -97.5% |
| Financial income | 75/76B | €304 | €1,035 | +€732 | +241% |
| Recurring financial income | 75 | €304 | €1,035 | +€732 | +241% |
| Financial charges | 65/66B | €284 | €887 | +€602 | +212% |
| Recurring financial charges | 65 | €284 | €887 | +€602 | +212% |
| Profit (loss) for the period before taxes | 9903 | €39,510 | €1,134 | -€38,376 | -97.1% |
| Income taxes | 67/77 | €11,476 | €1,009 | -€10,467 | -91.2% |
| Profit (loss) for the period | 9904 | €28,034 | €124 | -€27,910 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,034 | €124 | -€27,910 | -99.6% |
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 14 October 2026 via checked.be.