HU EXPRESS: 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.
HU EXPRESS
Largest movements
- Cash +€16,067
up €16,067 (+70.4%), from €22,808 to €38,875
mainly Depreciation (+€25,063) and Net result for the year (+€21,041)
- Intangible fixed assets -€11,000
down €11,000 (-11.0%), from €100,379 to €89,379
- Tangible fixed assets -€6,718
down €6,718 (-13.6%), from €49,503 to €42,785
of which Plant, machinery and equipment: -€5,331
- Receivables within one year +€5,204
up €5,204 (+745.2%), from €698 to €5,903
of which Other amounts receivable: +€4,160
- Debts after one year -€23,598
down €23,598 (-30.2%), from €78,171 to €54,572
- Reserves +€21,041
up €21,041 (+182.9%), from €11,501 to €32,542
- Tax, wage and social debts +€3,361
up €3,361 (+78.7%), from €4,270 to €7,631
of which Taxes: +€3,165
- Trade debts +€2,275
up €2,275 (+37.2%), from €6,121 to €8,396
- Gross operating margin +€27,486
up €27,486 (+49.3%), from €55,750 to €83,235
- Staff costs +€9,550
up €9,550 (+66.1%), from €14,455 to €24,006
- Depreciation +€3,927
up €3,927 (+18.6%), from €21,136 to €25,063
- Taxes +€2,573
up €2,573 (+88.3%), from €2,913 to €5,487
- Financial charges +€1,556
up €1,556 (+31.7%), from €4,916 to €6,472
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 | €174,190 | €178,496 | +€4,306 | +2.5% |
| Fixed assets | 21/28 | €149,881 | €132,164 | -€17,718 | -11.8% |
| Intangible fixed assets | 21 | €100,379 | €89,379 | -€11,000 | -11.0% |
| Tangible fixed assets | 22/27 | €49,503 | €42,785 | -€6,718 | -13.6% |
| Plant, machinery and equipment | 23 | €46,113 | €40,782 | -€5,331 | -11.6% |
| Furniture and vehicles | 24 | €3,390 | €2,003 | -€1,387 | -40.9% |
| Current assets | 29/58 | €24,309 | €46,332 | +€22,023 | +90.6% |
| Amounts receivable within one year | 40/41 | €698 | €5,903 | +€5,204 | +745.2% |
| Trade receivables | 40 | €655 | €1,700 | +€1,044 | +159.4% |
| Other amounts receivable | 41 | €43 | €4,203 | +€4,160 | +9656.2% |
| Cash at bank and in hand | 54/58 | €22,808 | €38,875 | +€16,067 | +70.4% |
| Deferred charges and accrued income | 490/1 | €802 | €1,554 | +€752 | +93.8% |
| Total equity and liabilities | 10/49 | €174,190 | €178,496 | +€4,306 | +2.5% |
| Equity | 10/15 | €16,501 | €37,542 | +€21,041 | +127.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €11,501 | €32,542 | +€21,041 | +182.9% |
| Distributable reserves | 133 | €11,501 | €32,542 | +€21,041 | +182.9% |
| Amounts payable | 17/49 | €157,689 | €140,954 | -€16,735 | -10.6% |
| Amounts payable after more than one year | 17 | €78,171 | €54,572 | -€23,598 | -30.2% |
| Financial debts | 170/4 | €78,171 | €54,572 | -€23,598 | -30.2% |
| Amounts payable within one year | 42/48 | €79,518 | €86,381 | +€6,863 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €22,650 | €23,598 | +€948 | +4.2% |
| Trade debts | 44 | €6,121 | €8,396 | +€2,275 | +37.2% |
| Suppliers | 440/4 | €6,121 | €8,396 | +€2,275 | +37.2% |
| Taxes, remuneration and social security | 45 | €4,270 | €7,631 | +€3,361 | +78.7% |
| Taxes | 450/3 | €4,270 | €7,435 | +€3,165 | +74.1% |
| Remuneration and social security | 454/9 | - | €196 | +€196 | |
| Other amounts payable | 47/48 | €46,477 | €46,756 | +€279 | +0.6% |
| Remuneration, social security and pensions | 62 | €14,455 | €24,006 | +€9,550 | +66.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,136 | €25,063 | +€3,927 | +18.6% |
| Other operating charges | 640/8 | €828 | €1,168 | +€339 | +40.9% |
| Gross operating margin | 9900 | €55,750 | €83,235 | +€27,486 | +49.3% |
| Operating profit (loss) | 9901 | €19,330 | €32,999 | +€13,669 | +70.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,916 | €6,472 | +€1,556 | +31.7% |
| Recurring financial charges | 65 | €4,916 | €6,472 | +€1,556 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €14,415 | €26,528 | +€12,113 | +84.0% |
| Income taxes | 67/77 | €2,913 | €5,487 | +€2,573 | +88.3% |
| Profit (loss) for the period | 9904 | €11,501 | €21,041 | +€9,540 | +82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,501 | €21,041 | +€9,540 | +82.9% |
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.