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 -€22,476
down €22,476 (-48.2%), from €46,650 to €24,174
mainly Net result for the year (-€22,368) and Receivables within one year (-€7,280)
- Receivables within one year +€7,280
up €7,280 (+520.0%), from €1,400 to €8,680
of which Trade receivables: +€6,696
- Receivables after one year -€1,750
down €1,750 (-33.3%), from €5,250 to €3,500
- Tangible fixed assets +€882
up €882 (+31.3%), from €2,816 to €3,698
of which Plant, machinery and equipment: +€830
- Deferred charges and accrued income +€645
up €645 (+180.7%), from €357 to €1,002
- Profit (loss) carried forward -€22,368
new in 2025: -€22,368
- Other debts +€9,087
up €9,087 (+4274.1%), from €213 to €9,299
- Tax, wage and social debts -€3,069
down €3,069 (-42.4%), from €7,240 to €4,171
of which Taxes: -€2,500
- Trade debts +€930
up €930 (+25.9%), from €3,590 to €4,521
- Gross operating margin -€37,287
down €37,287, from €18,182 to -€19,104
- Taxes -€4,361
down €4,361 (-97.1%), from €4,493 to €132
- Financial charges -€554
down €554 (-32.5%), from €1,707 to €1,153
- Depreciation +€514
up €514 (+36.5%), from €1,406 to €1,920
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 | €56,473 | €41,053 | -€15,420 | -27.3% |
| Fixed assets | 21/28 | €2,816 | €3,698 | +€882 | +31.3% |
| Tangible fixed assets | 22/27 | €2,816 | €3,698 | +€882 | +31.3% |
| Plant, machinery and equipment | 23 | €1,712 | €2,542 | +€830 | +48.5% |
| Furniture and vehicles | 24 | €1,104 | €1,156 | +€52 | +4.7% |
| Current assets | 29/58 | €53,657 | €37,355 | -€16,302 | -30.4% |
| Amounts receivable after more than one year | 29 | €5,250 | €3,500 | -€1,750 | -33.3% |
| Trade receivables | 290 | €5,250 | €3,500 | -€1,750 | -33.3% |
| Amounts receivable within one year | 40/41 | €1,400 | €8,680 | +€7,280 | +520.0% |
| Trade receivables | 40 | - | €6,696 | +€6,696 | |
| Other amounts receivable | 41 | €1,400 | €1,983 | +€583 | +41.7% |
| Cash at bank and in hand | 54/58 | €46,650 | €24,174 | -€22,476 | -48.2% |
| Deferred charges and accrued income | 490/1 | €357 | €1,002 | +€645 | +180.7% |
| Total equity and liabilities | 10/49 | €56,473 | €41,053 | -€15,420 | -27.3% |
| Equity | 10/15 | €45,430 | €23,062 | -€22,368 | -49.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €43,430 | €43,430 | = | 0.0% |
| Distributable reserves | 133 | €43,430 | €43,430 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€22,368 | -€22,368 | |
| Amounts payable | 17/49 | €11,043 | €17,991 | +€6,948 | +62.9% |
| Amounts payable within one year | 42/48 | €11,043 | €17,991 | +€6,948 | +62.9% |
| Trade debts | 44 | €3,590 | €4,521 | +€930 | +25.9% |
| Suppliers | 440/4 | €3,590 | €4,521 | +€930 | +25.9% |
| Taxes, remuneration and social security | 45 | €7,240 | €4,171 | -€3,069 | -42.4% |
| Taxes | 450/3 | €4,671 | €2,171 | -€2,500 | -53.5% |
| Remuneration and social security | 454/9 | €2,568 | €2,000 | -€568 | -22.1% |
| Other amounts payable | 47/48 | €213 | €9,299 | +€9,087 | +4274.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,406 | €1,920 | +€514 | +36.5% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €18,182 | -€19,104 | -€37,287 | |
| Operating profit (loss) | 9901 | €16,714 | -€21,086 | -€37,800 | |
| Financial income | 75/76B | €88 | €3 | -€85 | -97.0% |
| Recurring financial income | 75 | €88 | €3 | -€85 | -97.0% |
| Financial charges | 65/66B | €1,707 | €1,153 | -€554 | -32.5% |
| Recurring financial charges | 65 | €1,707 | €1,153 | -€554 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €15,095 | -€22,236 | -€37,331 | |
| Income taxes | 67/77 | €4,493 | €132 | -€4,361 | -97.1% |
| Profit (loss) for the period | 9904 | €10,602 | -€22,368 | -€32,970 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,602 | -€22,368 | -€32,970 |
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 9 October 2026 via checked.be.