EBHuyghe: 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.
EBHuyghe
Largest movements
- Receivables after one year +€1.5m
up €1.5m (+344%), from €442,892 to €2.0m
- Financial fixed assets +€869,076
up €869,076 (+952%), from €91,250 to €960,326
- Receivables within one year +€436,626
up €436,626 (+388%), from €112,552 to €549,178
of which Other amounts receivable: +€427,084
- Tangible fixed assets -€185,874
down €185,874 (-93.2%), from €199,506 to €13,632
of which Other tangible fixed assets: -€121,653
- Reserves +€2.0m
up €2.0m (+4,840%), from €41,970 to €2.1m
- Debts after one year +€269,476
up €269,476 (+46.5%), from €579,927 to €849,403
of which Financial debts: +€155,683
- Other debts +€187,966
new in 2025: €187,966
- Advances received +€46,145
new in 2025: €46,145
- Current portion of long-term debt +€44,885
up €44,885 (+311%), from €14,432 to €59,317
- Financial income +€2.2m
up €2.2m (+13,623%), from €16,237 to €2.2m
of which Non-recurring financial income: +€2.2m
- Gross operating margin -€63,246
down €63,246, from €9,106 to -€54,140
- Other operating charges +€47,798
up €47,798 (+247%), from €19,353 to €67,151
- Financial charges +€36,135
up €36,135 (+466%), from €7,747 to €43,882
- Depreciation -€14,579
down €14,579 (-66.8%), from €21,838 to €7,259
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 | €855,602 | €3,491,364 | +€2.6m | +308% |
| Fixed assets | 21/28 | €290,756 | €973,958 | +€683,201 | +235% |
| Tangible fixed assets | 22/27 | €199,506 | €13,632 | -€185,874 | -93.2% |
| Plant, machinery and equipment | 23 | €276 | €185 | -€91 | -32.9% |
| Furniture and vehicles | 24 | €68,820 | €4,690 | -€64,131 | -93.2% |
| Other tangible fixed assets | 26 | €130,410 | €8,757 | -€121,653 | -93.3% |
| Financial fixed assets | 28 | €91,250 | €960,326 | +€869,076 | +952% |
| Current assets | 29/58 | €564,846 | €2,517,406 | +€2.0m | +346% |
| Amounts receivable after more than one year | 29 | €442,892 | €1,965,914 | +€1.5m | +344% |
| Other amounts receivable | 291 | €442,892 | €1,965,914 | +€1.5m | +344% |
| Amounts receivable within one year | 40/41 | €112,552 | €549,178 | +€436,626 | +388% |
| Trade receivables | 40 | €111,073 | €120,615 | +€9,541 | +8.6% |
| Other amounts receivable | 41 | €1,479 | €428,563 | +€427,084 | +28,884% |
| Cash at bank and in hand | 54/58 | €9,401 | €2,315 | -€7,086 | -75.4% |
| Total equity and liabilities | 10/49 | €855,602 | €3,491,364 | +€2.6m | +308% |
| Equity | 10/15 | €18,922 | €2,074,326 | +€2.1m | +10,863% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €41,970 | €2,073,326 | +€2.0m | +4,840% |
| Distributable reserves | 133 | €41,970 | €2,073,326 | +€2.0m | +4,840% |
| Profit (loss) carried forward | 14 | -€24,049 | €0 | +€24,049 | |
| Amounts payable | 17/49 | €836,680 | €1,417,038 | +€580,358 | +69.4% |
| Amounts payable after more than one year | 17 | €579,927 | €849,403 | +€269,476 | +46.5% |
| Financial debts | 170/4 | €564,858 | €720,541 | +€155,683 | +27.6% |
| Other amounts payable | 178/9 | €15,069 | €128,862 | +€113,793 | +755% |
| Amounts payable within one year | 42/48 | €256,753 | €536,234 | +€279,481 | +109% |
| Current portion of amounts payable after more than one year | 42 | €14,432 | €59,317 | +€44,885 | +311% |
| Trade debts | 44 | €222,623 | €206,877 | -€15,746 | -7.1% |
| Suppliers | 440/4 | €222,623 | €206,877 | -€15,746 | -7.1% |
| Advances received on contracts in progress | 46 | - | €46,145 | +€46,145 | |
| Taxes, remuneration and social security | 45 | €19,698 | €35,928 | +€16,230 | +82.4% |
| Taxes | 450/3 | €19,698 | €35,928 | +€16,230 | +82.4% |
| Other amounts payable | 47/48 | - | €187,966 | +€187,966 | |
| Accrued charges and deferred income | 492/3 | - | €31,402 | +€31,402 | |
| Non-recurring operating income | 76A | €4,416 | €0 | -€4,416 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,838 | €7,259 | -€14,579 | -66.8% |
| Other operating charges | 640/8 | €19,353 | €67,151 | +€47,798 | +247% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €9,106 | -€54,140 | -€63,246 | |
| Operating profit (loss) | 9901 | -€32,085 | -€128,550 | -€96,465 | -301% |
| Financial income | 75/76B | €16,237 | €2,228,237 | +€2.2m | +13,623% |
| Recurring financial income | 75 | €16,237 | €8,237 | -€8,000 | -49.3% |
| Non-recurring financial income | 76B | - | €2,220,000 | +€2.2m | |
| Financial charges | 65/66B | €7,747 | €43,882 | +€36,135 | +466% |
| Recurring financial charges | 65 | €7,747 | €43,882 | +€36,135 | +466% |
| Profit (loss) for the period before taxes | 9903 | -€23,595 | €2,055,805 | +€2.1m | |
| Income taxes | 67/77 | €453 | €400 | -€53 | -11.7% |
| Profit (loss) for the period | 9904 | -€24,049 | €2,055,404 | +€2.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,049 | €2,055,404 | +€2.1m |
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 29 October 2026 via checked.be.