de HUCORNE: 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.
What changed
de HUCORNE
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€40,642
2024 · €41,151-€509
Equity
€578,587
2024 · €537,945+€40,642
Cash
€52,221
2024 · €64,063-€11,843
Balance sheet total
€1.2m
2024 · €1.3m-€46,455
Largest movements
Assets
- Tangible fixed assets -€38,365
down €38,365 (-3.2%), from €1.2m to €1.2m
of which Land and buildings: -€36,981
Equity and liabilities
- Debts after one year -€59,547
down €59,547 (-23.4%), from €253,934 to €194,387
- Reserves +€40,600
up €40,600 (+30.1%), from €134,950 to €175,550
- Other debts -€13,332
down €13,332 (-3.6%), from €374,860 to €361,528
Income statement
- Gross operating margin -€2,132
down €2,132 (-1.8%), from €118,026 to €115,894
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.
Result 2024
€41,151
Gross operating margin
-€2,132
Depreciation
-€214
Other operating charges
-€398
Financial income
+€833
Financial charges
+€940
Taxes
+€463
Result 2025
€40,642
raises the resultlowers the result
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.
From operations
+€46,843
Investment
€0
Financing
-€58,686
Cash 2024
€64,063
From operations (derived)
+€46,843
Net result for the year
+€40,642
Depreciation
+€38,365
Receivables within one year
-€5,721
Deferred charges and accrued income
+€1,968
Trade debts
-€9,308
Tax, wage and social debts
-€1,412
Other debts
-€13,332
Accrued charges and deferred income
-€4,360
Financing
-€58,686
Debts after one year
-€59,547
Current portion of long-term debt
+€861
Cash 2025
€52,221
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,279,197 | €1,232,742 | -€46,455 | -3.6% |
| Fixed assets | 21/28 | €1,208,807 | €1,170,442 | -€38,365 | -3.2% |
| Tangible fixed assets | 22/27 | €1,194,807 | €1,156,442 | -€38,365 | -3.2% |
| Land and buildings | 22 | €1,184,073 | €1,147,093 | -€36,981 | -3.1% |
| Other tangible fixed assets | 26 | €10,734 | €9,349 | -€1,384 | -12.9% |
| Financial fixed assets | 28 | €14,000 | €14,000 | = | 0.0% |
| Current assets | 29/58 | €70,390 | €62,300 | -€8,090 | -11.5% |
| Amounts receivable within one year | 40/41 | €4,104 | €9,825 | +€5,721 | +139% |
| Trade receivables | 40 | €4,104 | €9,825 | +€5,721 | +139% |
| Cash at bank and in hand | 54/58 | €64,063 | €52,221 | -€11,843 | -18.5% |
| Deferred charges and accrued income | 490/1 | €2,223 | €255 | -€1,968 | -88.5% |
| Total equity and liabilities | 10/49 | €1,279,197 | €1,232,742 | -€46,455 | -3.6% |
| Equity | 10/15 | €537,945 | €578,587 | +€40,642 | +7.6% |
| Contributions | 10/11 | €348,600 | €348,600 | = | 0.0% |
| Reserves | 13 | €134,950 | €175,550 | +€40,600 | +30.1% |
| Distributable reserves | 133 | €134,950 | €175,550 | +€40,600 | +30.1% |
| Profit (loss) carried forward | 14 | €54,395 | €54,437 | +€42 | +0.1% |
| Amounts payable | 17/49 | €741,252 | €654,155 | -€87,097 | -11.8% |
| Amounts payable after more than one year | 17 | €253,934 | €194,387 | -€59,547 | -23.4% |
| Financial debts | 170/4 | €253,934 | €194,387 | -€59,547 | -23.4% |
| Amounts payable within one year | 42/48 | €482,958 | €459,767 | -€23,191 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €58,686 | €59,547 | +€861 | +1.5% |
| Trade debts | 44 | €12,139 | €2,832 | -€9,308 | -76.7% |
| Suppliers | 440/4 | €12,139 | €2,832 | -€9,308 | -76.7% |
| Taxes, remuneration and social security | 45 | €37,273 | €35,861 | -€1,412 | -3.8% |
| Taxes | 450/3 | €37,273 | €35,861 | -€1,412 | -3.8% |
| Other amounts payable | 47/48 | €374,860 | €361,528 | -€13,332 | -3.6% |
| Accrued charges and deferred income | 492/3 | €4,360 | €0 | -€4,360 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,151 | €38,365 | +€214 | +0.6% |
| Other operating charges | 640/8 | €12,688 | €13,086 | +€398 | +3.1% |
| Gross operating margin | 9900 | €118,026 | €115,894 | -€2,132 | -1.8% |
| Operating profit (loss) | 9901 | €67,188 | €64,443 | -€2,745 | -4.1% |
| Financial income | 75/76B | - | €833 | +€833 | |
| Recurring financial income | 75 | - | €833 | +€833 | |
| Financial charges | 65/66B | €5,611 | €4,670 | -€940 | -16.8% |
| Recurring financial charges | 65 | €5,611 | €4,670 | -€940 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €61,577 | €60,605 | -€972 | -1.6% |
| Income taxes | 67/77 | €20,426 | €19,963 | -€463 | -2.3% |
| Profit (loss) for the period | 9904 | €41,151 | €40,642 | -€509 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,151 | €40,642 | -€509 | -1.2% |
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 19 October 2026 via checked.be.