HNu: what changed
Two fiscal 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.
HNu
Largest movements
- Receivables within one year +€21,808
new in 2025: €21,808
- Cash -€13,387
down €13,387 (-20.4%), from €65,662 to €52,275
mainly Debts after one year (-€69,641) and Receivables within one year (-€21,808)
- Debts after one year -€69,641
down €69,641 (-11.9%), from €584,922 to €515,282
- Reserves +€62,320
up €62,320 (+201.2%), from €30,981 to €93,301
- Tax, wage and social debts +€19,486
up €19,486 (+131.2%), from €14,852 to €34,338
- Gross operating margin +€34,123
up €34,123 (+54.0%), from €63,213 to €97,336
- Taxes +€8,133
up €8,133 (+95.0%), from €8,564 to €16,698
- Financial charges -€4,766
down €4,766 (-20.2%), from €23,556 to €18,789
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.
Cash bridge derived
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 | €755,856 | €764,082 | +€8,226 | +1.1% |
| Fixed assets | 21/28 | €690,000 | €690,000 | = | 0.0% |
| Financial fixed assets | 28 | €690,000 | €690,000 | = | 0.0% |
| Current assets | 29/58 | €65,856 | €74,082 | +€8,226 | +12.5% |
| Amounts receivable within one year | 40/41 | - | €21,808 | +€21,808 | |
| Other amounts receivable | 41 | - | €21,808 | +€21,808 | |
| Cash at bank and in hand | 54/58 | €65,662 | €52,275 | -€13,387 | -20.4% |
| Deferred charges and accrued income | 490/1 | €194 | €0 | -€194 | -100.0% |
| Total equity and liabilities | 10/49 | €755,856 | €764,082 | +€8,226 | +1.1% |
| Equity | 10/15 | €80,981 | €143,301 | +€62,320 | +77.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €30,981 | €93,301 | +€62,320 | +201.2% |
| Distributable reserves | 133 | €30,981 | €93,301 | +€62,320 | +201.2% |
| Amounts payable | 17/49 | €674,875 | €620,781 | -€54,094 | -8.0% |
| Amounts payable after more than one year | 17 | €584,922 | €515,282 | -€69,641 | -11.9% |
| Financial debts | 170/4 | €584,922 | €515,282 | -€69,641 | -11.9% |
| Amounts payable within one year | 42/48 | €89,953 | €105,499 | +€15,547 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €67,114 | €69,641 | +€2,526 | +3.8% |
| Trade debts | 44 | €5,385 | €1,521 | -€3,865 | -71.8% |
| Suppliers | 440/4 | €5,385 | €1,521 | -€3,865 | -71.8% |
| Taxes, remuneration and social security | 45 | €14,852 | €34,338 | +€19,486 | +131.2% |
| Taxes | 450/3 | €14,852 | €34,338 | +€19,486 | +131.2% |
| Other amounts payable | 47/48 | €2,601 | €0 | -€2,601 | -100.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €63,213 | €97,336 | +€34,123 | +54.0% |
| Operating profit (loss) | 9901 | €63,095 | €97,216 | +€34,121 | +54.1% |
| Financial income | 75/76B | €6 | €591 | +€585 | +9764.6% |
| Recurring financial income | 75 | €6 | €591 | +€585 | +9764.6% |
| Financial charges | 65/66B | €23,556 | €18,789 | -€4,766 | -20.2% |
| Recurring financial charges | 65 | €23,556 | €18,789 | -€4,766 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €39,545 | €79,018 | +€39,472 | +99.8% |
| Income taxes | 67/77 | €8,564 | €16,698 | +€8,133 | +95.0% |
| Profit (loss) for the period | 9904 | €30,981 | €62,320 | +€31,339 | +101.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,981 | €62,320 | +€31,339 | +101.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.