Humus Holding & Space: what changed
What changed
Humus Holding & Space
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€23,756
2024 · €78,580-€54,824
Equity
€147,400
2024 · €123,644+€23,756
Cash
€92,259
2024 · €113,837-€21,578
Balance sheet total
€191,922
2024 · €179,211+€12,711
Largest movements
Assets
- Current investments +€35,000
new in 2025: €35,000
- Cash -€21,578
down €21,578 (-19.0%), from €113,837 to €92,259
mainly Current investments (-€35,000) and Investment in fixed assets (net) (-€8,230)
Equity and liabilities
- Reserves +€23,756
up €23,756 (+19.7%), from €120,644 to €144,400
- Tax, wage and social debts +€7,756
up €7,756 (+22.8%), from €33,947 to €41,703
- Debts after one year -€7,745
no longer reported in 2025 (was €7,745)
- Trade debts -€5,290
down €5,290 (-65.2%), from €8,109 to €2,819
- Current portion of long-term debt -€2,959
no longer reported in 2025 (was €2,959)
Income statement
- Gross operating margin -€74,425
down €74,425 (-63.2%), from €117,813 to €43,388
- Taxes -€19,885
down €19,885 (-68.0%), from €29,242 to €9,358
- Depreciation +€4,739
up €4,739 (+100%), from €4,724 to €9,464
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€78,580
Gross operating margin
-€74,425
Depreciation
-€4,739
Other operating charges
+€74
Other operating items
+€4,201
Financial income
+€112
Financial charges
+€68
Taxes
+€19,885
Result 2025
€23,756
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€32,356
Investment
-€43,230
Financing
-€10,704
Cash 2024
€113,837
From operations (derived)
+€32,356
Net result for the year
+€23,756
Depreciation
+€9,464
Receivables within one year
-€444
Deferred charges and accrued income
-€79
Trade debts
-€5,290
Tax, wage and social debts
+€7,756
Other debts
-€2,419
Accrued charges and deferred income
-€387
Investment (derived)
-€43,230
Investment in fixed assets (net)
-€8,230
Current investments
-€35,000
Financing
-€10,704
Debts after one year
-€7,745
Current portion of long-term debt
-€2,959
Cash 2025
€92,259
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €179,211 | €191,922 | +€12,711 | +7.1% |
| Fixed assets | 21/28 | €33,394 | €32,160 | -€1,234 | -3.7% |
| Tangible fixed assets | 22/27 | €33,376 | €32,142 | -€1,234 | -3.7% |
| Plant, machinery and equipment | 23 | €2,200 | €1,089 | -€1,111 | -50.5% |
| Furniture and vehicles | 24 | €31,177 | €31,053 | -€123 | -0.4% |
| Financial fixed assets | 28 | €18 | €18 | = | 0.0% |
| Current assets | 29/58 | €145,817 | €159,762 | +€13,945 | +9.6% |
| Amounts receivable within one year | 40/41 | €31,588 | €32,032 | +€444 | +1.4% |
| Trade receivables | 40 | €29,189 | €8,077 | -€21,112 | -72.3% |
| Other amounts receivable | 41 | €2,399 | €23,955 | +€21,555 | +898% |
| Current investments | 50/53 | - | €35,000 | +€35,000 | |
| Cash at bank and in hand | 54/58 | €113,837 | €92,259 | -€21,578 | -19.0% |
| Deferred charges and accrued income | 490/1 | €392 | €471 | +€79 | +20.1% |
| Total equity and liabilities | 10/49 | €179,211 | €191,922 | +€12,711 | +7.1% |
| Equity | 10/15 | €123,644 | €147,400 | +€23,756 | +19.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €120,644 | €144,400 | +€23,756 | +19.7% |
| Distributable reserves | 133 | €120,644 | €144,400 | +€23,756 | +19.7% |
| Amounts payable | 17/49 | €55,567 | €44,522 | -€11,045 | -19.9% |
| Amounts payable after more than one year | 17 | €7,745 | - | -€7,745 | |
| Financial debts | 170/4 | €7,745 | - | -€7,745 | |
| Amounts payable within one year | 42/48 | €47,435 | €44,522 | -€2,913 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €2,959 | - | -€2,959 | |
| Trade debts | 44 | €8,109 | €2,819 | -€5,290 | -65.2% |
| Suppliers | 440/4 | €8,109 | €2,819 | -€5,290 | -65.2% |
| Taxes, remuneration and social security | 45 | €33,947 | €41,703 | +€7,756 | +22.8% |
| Taxes | 450/3 | €33,947 | €41,703 | +€7,756 | +22.8% |
| Other amounts payable | 47/48 | €2,419 | - | -€2,419 | |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,724 | €9,464 | +€4,739 | +100% |
| Other operating charges | 640/8 | €667 | €592 | -€74 | -11.2% |
| Non-recurring operating charges | 66A | €4,201 | - | -€4,201 | |
| Gross operating margin | 9900 | €117,813 | €43,388 | -€74,425 | -63.2% |
| Operating profit (loss) | 9901 | €108,221 | €33,333 | -€74,889 | -69.2% |
| Financial income | 75/76B | €3 | €115 | +€112 | +3,915% |
| Recurring financial income | 75 | €3 | €115 | +€112 | +3,915% |
| Financial charges | 65/66B | €402 | €334 | -€68 | -16.9% |
| Recurring financial charges | 65 | €402 | €334 | -€68 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €107,822 | €33,114 | -€74,708 | -69.3% |
| Income taxes | 67/77 | €29,242 | €9,358 | -€19,885 | -68.0% |
| Profit (loss) for the period | 9904 | €78,580 | €23,756 | -€54,824 | -69.8% |
| Profit (loss) for the period to be appropriated | 9905 | €78,580 | €23,756 | -€54,824 | -69.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.