HUMMINGBIRD MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€6.4m
up €6.4m (+735%), from €871,306 to €7.3m
mainly Net result for the year (+€21.3m) and Investment in fixed assets (net) (+€40,401)
- Profit (loss) carried forward +€6.4m
up €6.4m (+476%), from €1.3m to €7.7m
- Financial income +€25.3m
up €25.3m (+33,607%), from €75,424 to €25.4m
- Gross operating margin -€4.0m
down €4.0m (-53,897%), from -€7,401 to -€4.0m
- Financial charges +€135,710
up €135,710 (+431%), from €31,478 to €167,188
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 | €1,463,533 | €7,831,365 | +€6.4m | +435% |
| Fixed assets | 21/28 | €41,589 | €1,188 | -€40,401 | -97.1% |
| Financial fixed assets | 28 | €41,589 | €1,188 | -€40,401 | -97.1% |
| Current assets | 29/58 | €1,421,944 | €7,830,177 | +€6.4m | +451% |
| Amounts receivable within one year | 40/41 | €550,638 | €550,638 | = | 0.0% |
| Other amounts receivable | 41 | €550,638 | €550,638 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €871,306 | €7,279,539 | +€6.4m | +735% |
| Total equity and liabilities | 10/49 | €1,463,533 | €7,831,365 | +€6.4m | +435% |
| Equity | 10/15 | €1,463,313 | €7,831,365 | +€6.4m | +435% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €63,681 | €63,681 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €57,531 | €57,531 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,338,132 | €7,706,184 | +€6.4m | +476% |
| Amounts payable | 17/49 | €220 | - | -€220 | |
| Amounts payable within one year | 42/48 | €220 | - | -€220 | |
| Trade debts | 44 | €220 | - | -€220 | |
| Suppliers | 440/4 | €220 | - | -€220 | |
| Gross operating margin | 9900 | -€7,401 | -€3,996,312 | -€4.0m | -53,897% |
| Operating profit (loss) | 9901 | -€7,401 | -€3,996,312 | -€4.0m | -53,897% |
| Financial income | 75/76B | €75,424 | €25,422,846 | +€25.3m | +33,607% |
| Recurring financial income | 75 | €75,424 | €25,422,846 | +€25.3m | +33,607% |
| Financial charges | 65/66B | €31,478 | €167,188 | +€135,710 | +431% |
| Recurring financial charges | 65 | €31,478 | €167,188 | +€135,710 | +431% |
| Profit (loss) for the period before taxes | 9903 | €36,545 | €21,259,347 | +€21.2m | +58,073% |
| Profit (loss) for the period | 9904 | €36,545 | €21,259,347 | +€21.2m | +58,073% |
| Profit (loss) for the period to be appropriated | 9905 | €36,545 | €21,259,347 | +€21.2m | +58,073% |
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 21 October 2026 via checked.be.