HUMMINGDRONES: 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.
HUMMINGDRONES
Largest movements
- Cash +€52,115
up €52,115 (+344%), from €15,157 to €67,272
mainly Net result for the year (+€43,576) and Depreciation (+€7,310)
- Tangible fixed assets -€7,310
down €7,310 (-33.9%), from €21,592 to €14,282
of which Furniture and vehicles: -€5,258
- Receivables within one year +€6,560
up €6,560 (+45.5%), from €14,410 to €20,969
of which Trade receivables: +€5,157
- Profit (loss) carried forward +€43,576
up €43,576 (+5.7%), from -€768,553 to -€724,976
- Tax, wage and social debts +€6,714
up €6,714 (+78.0%), from €8,610 to €15,324
of which Taxes: +€9,714
- Trade debts +€2,078
up €2,078 (+123%), from €1,687 to €3,765
- Gross operating margin +€55,838
up €55,838, from -€3,996 to €51,842
- Depreciation +€1,536
up €1,536 (+26.6%), from €5,774 to €7,310
- Financial income -€567
down €567 (-48.1%), from €1,178 to €611
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 | €75,603 | €127,579 | +€51,976 | +68.7% |
| Fixed assets | 21/28 | €21,592 | €14,282 | -€7,310 | -33.9% |
| Tangible fixed assets | 22/27 | €21,592 | €14,282 | -€7,310 | -33.9% |
| Plant, machinery and equipment | 23 | €3,045 | €993 | -€2,052 | -67.4% |
| Furniture and vehicles | 24 | €18,547 | €13,289 | -€5,258 | -28.4% |
| Current assets | 29/58 | €54,011 | €113,297 | +€59,286 | +110% |
| Amounts receivable after more than one year | 29 | €24,444 | €25,055 | +€611 | +2.5% |
| Other amounts receivable | 291 | €24,444 | €25,055 | +€611 | +2.5% |
| Amounts receivable within one year | 40/41 | €14,410 | €20,969 | +€6,560 | +45.5% |
| Trade receivables | 40 | €14,360 | €19,518 | +€5,157 | +35.9% |
| Other amounts receivable | 41 | €49 | €1,452 | +€1,402 | +2,842% |
| Cash at bank and in hand | 54/58 | €15,157 | €67,272 | +€52,115 | +344% |
| Total equity and liabilities | 10/49 | €75,603 | €127,579 | +€51,976 | +68.7% |
| Equity | 10/15 | €64,747 | €108,324 | +€43,576 | +67.3% |
| Contributions | 10/11 | €833,300 | €833,300 | = | 0.0% |
| Capital | 10 | €833,300 | €833,300 | = | 0.0% |
| Issued capital | 100 | €833,300 | €833,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€768,553 | -€724,976 | +€43,576 | +5.7% |
| Amounts payable | 17/49 | €10,856 | €19,255 | +€8,399 | +77.4% |
| Amounts payable within one year | 42/48 | €10,856 | €19,255 | +€8,399 | +77.4% |
| Trade debts | 44 | €1,687 | €3,765 | +€2,078 | +123% |
| Suppliers | 440/4 | €1,687 | €3,765 | +€2,078 | +123% |
| Taxes, remuneration and social security | 45 | €8,610 | €15,324 | +€6,714 | +78.0% |
| Taxes | 450/3 | €2,463 | €12,177 | +€9,714 | +394% |
| Remuneration and social security | 454/9 | €6,147 | €3,147 | -€3,000 | -48.8% |
| Other amounts payable | 47/48 | €559 | €167 | -€392 | -70.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,774 | €7,310 | +€1,536 | +26.6% |
| Other operating charges | 640/8 | €1,204 | €894 | -€310 | -25.7% |
| Gross operating margin | 9900 | -€3,996 | €51,842 | +€55,838 | |
| Operating profit (loss) | 9901 | -€10,974 | €43,638 | +€54,612 | |
| Financial income | 75/76B | €1,178 | €611 | -€567 | -48.1% |
| Recurring financial income | 75 | €1,178 | €611 | -€567 | -48.1% |
| Financial charges | 65/66B | €140 | €453 | +€312 | +223% |
| Recurring financial charges | 65 | €140 | €453 | +€312 | +223% |
| Profit (loss) for the period before taxes | 9903 | -€9,936 | €43,796 | +€53,733 | |
| Income taxes | 67/77 | €275 | €220 | -€55 | -20.0% |
| Profit (loss) for the period | 9904 | -€10,211 | €43,576 | +€53,788 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,211 | €43,576 | +€53,788 |
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 18 October 2026 via checked.be.