HU-GO TRANS: 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.
HU-GO TRANS
Largest movements
- Tangible fixed assets -€31,544
down €31,544 (-7.6%), from €414,275 to €382,731
- Receivables within one year +€23,563
up €23,563 (+6.8%), from €347,983 to €371,546
- Cash +€13,809
up €13,809 (+11.1%), from €124,286 to €138,095
mainly Depreciation (+€125,396) and Net result for the year (+€74,850)
- Profit (loss) carried forward +€74,850
up €74,850 (+15.7%), from €476,945 to €551,795
- Tax, wage and social debts +€65,522
up €65,522 (+67.5%), from €97,073 to €162,595
of which Taxes: +€57,080
- Debts after one year -€59,843
down €59,843 (-54.4%), from €109,913 to €50,070
- Trade debts -€52,234
down €52,234 (-90.1%), from €57,994 to €5,760
- Current portion of long-term debt -€21,882
down €21,882 (-17.2%), from €127,265 to €105,383
- Gross operating margin +€142,196
up €142,196 (+20.6%), from €689,924 to €832,120
- Staff costs +€79,727
up €79,727 (+17.5%), from €454,874 to €534,601
- Depreciation +€35,413
up €35,413 (+39.4%), from €89,983 to €125,396
- Taxes -€22,340
down €22,340 (-45.6%), from €49,011 to €26,671
- Other operating charges +€11,404
up €11,404 (+23.2%), from €49,250 to €60,654
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 | €913,424 | €927,329 | +€13,905 | +1.5% |
| Fixed assets | 21/28 | €439,560 | €413,016 | -€26,544 | -6.0% |
| Tangible fixed assets | 22/27 | €414,275 | €382,731 | -€31,544 | -7.6% |
| Furniture and vehicles | 24 | €414,275 | €382,731 | -€31,544 | -7.6% |
| Financial fixed assets | 28 | €25,285 | €30,285 | +€5,000 | +19.8% |
| Current assets | 29/58 | €473,863 | €514,312 | +€40,449 | +8.5% |
| Amounts receivable within one year | 40/41 | €347,983 | €371,546 | +€23,563 | +6.8% |
| Trade receivables | 40 | €347,983 | €371,546 | +€23,563 | +6.8% |
| Cash at bank and in hand | 54/58 | €124,286 | €138,095 | +€13,809 | +11.1% |
| Deferred charges and accrued income | 490/1 | €1,594 | €4,671 | +€3,077 | +193% |
| Total equity and liabilities | 10/49 | €913,424 | €927,329 | +€13,905 | +1.5% |
| Equity | 10/15 | €504,445 | €579,295 | +€74,850 | +14.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €476,945 | €551,795 | +€74,850 | +15.7% |
| Amounts payable | 17/49 | €408,979 | €348,034 | -€60,945 | -14.9% |
| Amounts payable after more than one year | 17 | €109,913 | €50,070 | -€59,843 | -54.4% |
| Financial debts | 170/4 | €109,913 | €50,070 | -€59,843 | -54.4% |
| Amounts payable within one year | 42/48 | €299,066 | €297,964 | -€1,102 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €127,265 | €105,383 | -€21,882 | -17.2% |
| Trade debts | 44 | €57,994 | €5,760 | -€52,234 | -90.1% |
| Suppliers | 440/4 | €57,994 | €5,760 | -€52,234 | -90.1% |
| Taxes, remuneration and social security | 45 | €97,073 | €162,595 | +€65,522 | +67.5% |
| Taxes | 450/3 | €44,483 | €101,563 | +€57,080 | +128% |
| Remuneration and social security | 454/9 | €52,590 | €61,032 | +€8,442 | +16.1% |
| Other amounts payable | 47/48 | €16,733 | €24,226 | +€7,493 | +44.8% |
| Non-recurring operating income | 76A | €60,310 | - | -€60,310 | |
| Remuneration, social security and pensions | 62 | €454,874 | €534,601 | +€79,727 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,983 | €125,396 | +€35,413 | +39.4% |
| Other operating charges | 640/8 | €49,250 | €60,654 | +€11,404 | +23.2% |
| Non-recurring operating charges | 66A | €28,120 | - | -€28,120 | |
| Gross operating margin | 9900 | €689,924 | €832,120 | +€142,196 | +20.6% |
| Operating profit (loss) | 9901 | €67,697 | €111,469 | +€43,773 | +64.7% |
| Financial income | 75/76B | €87 | €217 | +€130 | +149% |
| Recurring financial income | 75 | €87 | €217 | +€130 | +149% |
| Financial charges | 65/66B | €6,970 | €10,166 | +€3,195 | +45.8% |
| Recurring financial charges | 65 | €6,970 | €10,166 | +€3,195 | +45.8% |
| Profit (loss) for the period before taxes | 9903 | €60,814 | €101,521 | +€40,707 | +66.9% |
| Income taxes | 67/77 | €49,011 | €26,671 | -€22,340 | -45.6% |
| Profit (loss) for the period | 9904 | €11,803 | €74,850 | +€63,047 | +534% |
| Profit (loss) for the period to be appropriated | 9905 | €11,803 | €74,850 | +€63,047 | +534% |
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 30 October 2026 via checked.be.