HUMSAN: 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.
HUMSAN
Largest movements
- Receivables within one year +€32,113
up €32,113 (+116%), from €27,780 to €59,893
of which Trade receivables: +€29,568
- Tangible fixed assets +€7,200
up €7,200 (+2.3%), from €319,306 to €326,506
of which Furniture and vehicles: +€5,970
- Cash -€4,864
down €4,864 (-21.6%), from €22,538 to €17,673
mainly Receivables within one year (-€32,113) and Investment in fixed assets (net) (-€28,164)
- Trade debts +€39,162
up €39,162 (+207%), from €18,959 to €58,121
- Tax, wage and social debts -€17,371
down €17,371 (-32.9%), from €52,816 to €35,445
of which Taxes: -€8,961
- Profit (loss) carried forward +€5,882
up €5,882 (+19.6%), from €30,034 to €35,916
- Gross operating margin -€23,073
down €23,073 (-13.2%), from €174,366 to €151,294
- Staff costs +€6,795
up €6,795 (+7.1%), from €96,104 to €102,898
- Depreciation +€4,104
up €4,104 (+24.3%), from €16,859 to €20,964
- Taxes -€3,939
down €3,939 (-46.9%), from €8,407 to €4,468
- Financial charges -€3,167
down €3,167 (-27.4%), from €11,542 to €8,375
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 | €377,143 | €409,820 | +€32,677 | +8.7% |
| Fixed assets | 21/28 | €319,506 | €326,706 | +€7,200 | +2.3% |
| Tangible fixed assets | 22/27 | €319,306 | €326,506 | +€7,200 | +2.3% |
| Land and buildings | 22 | €307,129 | €312,418 | +€5,289 | +1.7% |
| Plant, machinery and equipment | 23 | €10,072 | €6,273 | -€3,799 | -37.7% |
| Furniture and vehicles | 24 | €1,323 | €7,293 | +€5,970 | +451% |
| Other tangible fixed assets | 26 | €782 | €521 | -€261 | -33.3% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €57,637 | €83,114 | +€25,477 | +44.2% |
| Stocks and contracts in progress | 3 | €4,500 | €4,500 | = | 0.0% |
| Stocks | 30/36 | €4,500 | €4,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,780 | €59,893 | +€32,113 | +116% |
| Trade receivables | 40 | €1,829 | €31,397 | +€29,568 | +1,617% |
| Other amounts receivable | 41 | €25,951 | €28,496 | +€2,545 | +9.8% |
| Cash at bank and in hand | 54/58 | €22,538 | €17,673 | -€4,864 | -21.6% |
| Deferred charges and accrued income | 490/1 | €2,819 | €1,048 | -€1,771 | -62.8% |
| Total equity and liabilities | 10/49 | €377,143 | €409,820 | +€32,677 | +8.7% |
| Equity | 10/15 | €50,494 | €56,376 | +€5,882 | +11.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,034 | €35,916 | +€5,882 | +19.6% |
| Amounts payable | 17/49 | €326,649 | €353,444 | +€26,795 | +8.2% |
| Amounts payable after more than one year | 17 | €215,609 | €218,083 | +€2,474 | +1.1% |
| Financial debts | 170/4 | €215,609 | €218,083 | +€2,474 | +1.1% |
| Amounts payable within one year | 42/48 | €111,040 | €135,361 | +€24,321 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €39,265 | €41,795 | +€2,530 | +6.4% |
| Trade debts | 44 | €18,959 | €58,121 | +€39,162 | +207% |
| Suppliers | 440/4 | €18,959 | €58,121 | +€39,162 | +207% |
| Taxes, remuneration and social security | 45 | €52,816 | €35,445 | -€17,371 | -32.9% |
| Taxes | 450/3 | €42,057 | €33,096 | -€8,961 | -21.3% |
| Remuneration and social security | 454/9 | €10,759 | €2,349 | -€8,410 | -78.2% |
| Remuneration, social security and pensions | 62 | €96,104 | €102,898 | +€6,795 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,859 | €20,964 | +€4,104 | +24.3% |
| Other operating charges | 640/8 | €12,876 | €10,029 | -€2,846 | -22.1% |
| Gross operating margin | 9900 | €174,366 | €151,294 | -€23,073 | -13.2% |
| Operating profit (loss) | 9901 | €48,528 | €17,402 | -€31,125 | -64.1% |
| Financial income | 75/76B | €1,368 | €1,323 | -€45 | -3.3% |
| Recurring financial income | 75 | €1,368 | €1,323 | -€45 | -3.3% |
| Financial charges | 65/66B | €11,542 | €8,375 | -€3,167 | -27.4% |
| Recurring financial charges | 65 | €11,542 | €8,375 | -€3,167 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €38,354 | €10,350 | -€28,003 | -73.0% |
| Income taxes | 67/77 | €8,407 | €4,468 | -€3,939 | -46.9% |
| Profit (loss) for the period | 9904 | €29,946 | €5,882 | -€24,064 | -80.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,946 | €5,882 | -€24,064 | -80.4% |
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 28 October 2026 via checked.be.