HUMMINGBIRDS: 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.
HUMMINGBIRDS
Largest movements
- Cash +€276,807
up €276,807 (+161%), from €172,407 to €449,214
mainly Current investments (+€250,000) and Net result for the year (+€185,270)
- Current investments -€250,000
down €250,000 (-100%), from €250,000 to €0
- Tangible fixed assets -€58,410
down €58,410 (-7.8%), from €749,517 to €691,107
of which Land and buildings: -€32,942
- Reserves -€214,730
down €214,730 (-42.5%), from €505,575 to €290,844
- Other debts +€184,193
up €184,193 (+183%), from €100,837 to €285,030
- Debts after one year -€74,847
down €74,847 (-13.0%), from €574,574 to €499,727
- Tax, wage and social debts +€39,286
up €39,286 (+39.2%), from €100,323 to €139,609
of which Taxes: +€42,946
- Current portion of long-term debt +€26,071
up €26,071 (+33.3%), from €78,303 to €104,374
- Staff costs +€23,295
up €23,295 (+4.6%), from €505,886 to €529,181
- Gross operating margin -€12,521
down €12,521 (-1.4%), from €906,891 to €894,370
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 | €1,465,282 | €1,416,989 | -€48,293 | -3.3% |
| Fixed assets | 21/28 | €827,233 | €758,273 | -€68,960 | -8.3% |
| Intangible fixed assets | 21 | €77,716 | €67,166 | -€10,550 | -13.6% |
| Tangible fixed assets | 22/27 | €749,517 | €691,107 | -€58,410 | -7.8% |
| Land and buildings | 22 | €643,892 | €610,950 | -€32,942 | -5.1% |
| Furniture and vehicles | 24 | €105,625 | €80,157 | -€25,468 | -24.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €638,048 | €658,716 | +€20,667 | +3.2% |
| Amounts receivable within one year | 40/41 | €214,912 | €208,370 | -€6,542 | -3.0% |
| Trade receivables | 40 | €193,190 | €177,616 | -€15,575 | -8.1% |
| Other amounts receivable | 41 | €21,721 | €30,754 | +€9,033 | +41.6% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100% |
| Cash at bank and in hand | 54/58 | €172,407 | €449,214 | +€276,807 | +161% |
| Deferred charges and accrued income | 490/1 | €729 | €1,131 | +€402 | +55.1% |
| Total equity and liabilities | 10/49 | €1,465,282 | €1,416,989 | -€48,293 | -3.3% |
| Equity | 10/15 | €525,575 | €310,844 | -€214,730 | -40.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €505,575 | €290,844 | -€214,730 | -42.5% |
| Distributable reserves | 133 | €505,575 | €290,844 | -€214,730 | -42.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €939,707 | €1,106,144 | +€166,437 | +17.7% |
| Amounts payable after more than one year | 17 | €574,574 | €499,727 | -€74,847 | -13.0% |
| Financial debts | 170/4 | €574,574 | €499,727 | -€74,847 | -13.0% |
| Amounts payable within one year | 42/48 | €365,134 | €606,417 | +€241,284 | +66.1% |
| Current portion of amounts payable after more than one year | 42 | €78,303 | €104,374 | +€26,071 | +33.3% |
| Financial debts | 43 | €50,208 | €34,855 | -€15,353 | -30.6% |
| Credit institutions | 430/8 | €50,208 | €34,855 | -€15,353 | -30.6% |
| Trade debts | 44 | €35,462 | €42,549 | +€7,087 | +20.0% |
| Suppliers | 440/4 | €35,462 | €42,549 | +€7,087 | +20.0% |
| Taxes, remuneration and social security | 45 | €100,323 | €139,609 | +€39,286 | +39.2% |
| Taxes | 450/3 | €50,818 | €93,764 | +€42,946 | +84.5% |
| Remuneration and social security | 454/9 | €49,506 | €45,845 | -€3,660 | -7.4% |
| Other amounts payable | 47/48 | €100,837 | €285,030 | +€184,193 | +183% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €505,886 | €529,181 | +€23,295 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,853 | €86,412 | +€4,559 | +5.6% |
| Other operating charges | 640/8 | €4,186 | €8,845 | +€4,659 | +111% |
| Non-recurring operating charges | 66A | €5,104 | €8,929 | +€3,825 | +74.9% |
| Gross operating margin | 9900 | €906,891 | €894,370 | -€12,521 | -1.4% |
| Operating profit (loss) | 9901 | €309,862 | €261,004 | -€48,858 | -15.8% |
| Financial income | 75/76B | €1,760 | €8,164 | +€6,404 | +364% |
| Recurring financial income | 75 | €1,760 | €8,164 | +€6,404 | +364% |
| Financial charges | 65/66B | €17,679 | €17,649 | -€30 | -0.2% |
| Recurring financial charges | 65 | €17,679 | €17,649 | -€30 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €293,942 | €251,518 | -€42,424 | -14.4% |
| Income taxes | 67/77 | €74,373 | €66,248 | -€8,124 | -10.9% |
| Profit (loss) for the period | 9904 | €219,570 | €185,270 | -€34,300 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €219,570 | €185,270 | -€34,300 | -15.6% |
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 27 October 2026 via checked.be.