HU & HU: 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 & HU
Largest movements
- Receivables within one year +€166,329
up €166,329 (+583%), from €28,513 to €194,841
of which Other amounts receivable: +€161,581
- Cash -€83,389
down €83,389 (-38.2%), from €218,339 to €134,949
mainly Receivables within one year (-€166,329) and Contributions, distributions and other (-€111,000)
- Tangible fixed assets -€5,716
down €5,716 (-15.1%), from €37,801 to €32,085
of which Plant, machinery and equipment: -€9,957
- Intangible fixed assets -€4,247
no longer reported in 2025 (was €4,247)
- Other debts +€70,495
new in 2025: €70,495
- Trade debts +€10,316
up €10,316 (+951%), from €1,085 to €11,401
- Tax, wage and social debts +€9,079
up €9,079 (+29.0%), from €31,332 to €40,411
of which Taxes: +€6,367
- Debts after one year -€4,906
no longer reported in 2025 (was €4,906)
- Current portion of long-term debt -€4,766
down €4,766 (-49.3%), from €9,672 to €4,906
- Purchases and services -€56,910
down €56,910 (-10.6%), from €537,105 to €480,196
- Gross operating margin -€36,537
down €36,537 (-12.6%), from €290,442 to €253,905
- Taxes -€10,525
down €10,525 (-25.6%), from €41,133 to €30,608
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 | €296,140 | €371,034 | +€74,893 | +25.3% |
| Fixed assets | 21/28 | €42,048 | €32,085 | -€9,963 | -23.7% |
| Intangible fixed assets | 21 | €4,247 | - | -€4,247 | |
| Tangible fixed assets | 22/27 | €37,801 | €32,085 | -€5,716 | -15.1% |
| Plant, machinery and equipment | 23 | €28,296 | €18,339 | -€9,957 | -35.2% |
| Furniture and vehicles | 24 | €9,505 | €13,746 | +€4,241 | +44.6% |
| Current assets | 29/58 | €254,093 | €338,949 | +€84,856 | +33.4% |
| Stocks and contracts in progress | 3 | €3,798 | €4,935 | +€1,137 | +29.9% |
| Stocks | 30/36 | €3,798 | €4,935 | +€1,137 | +29.9% |
| Amounts receivable within one year | 40/41 | €28,513 | €194,841 | +€166,329 | +583% |
| Trade receivables | 40 | €3,132 | €7,880 | +€4,748 | +152% |
| Other amounts receivable | 41 | €25,381 | €186,961 | +€161,581 | +637% |
| Cash at bank and in hand | 54/58 | €218,339 | €134,949 | -€83,389 | -38.2% |
| Deferred charges and accrued income | 490/1 | €3,443 | €4,223 | +€780 | +22.7% |
| Total equity and liabilities | 10/49 | €296,140 | €371,034 | +€74,893 | +25.3% |
| Equity | 10/15 | €240,015 | €237,439 | -€2,576 | -1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €219,555 | €216,979 | -€2,576 | -1.2% |
| Amounts payable | 17/49 | €56,125 | €133,594 | +€77,470 | +138% |
| Amounts payable after more than one year | 17 | €4,906 | - | -€4,906 | |
| Financial debts | 170/4 | €4,906 | - | -€4,906 | |
| Amounts payable within one year | 42/48 | €48,917 | €133,594 | +€84,678 | +173% |
| Current portion of amounts payable after more than one year | 42 | €9,672 | €4,906 | -€4,766 | -49.3% |
| Financial debts | 43 | €6,829 | €6,382 | -€447 | -6.5% |
| Credit institutions | 430/8 | €6,829 | €6,382 | -€447 | -6.5% |
| Trade debts | 44 | €1,085 | €11,401 | +€10,316 | +951% |
| Suppliers | 440/4 | €1,085 | €11,401 | +€10,316 | +951% |
| Taxes, remuneration and social security | 45 | €31,332 | €40,411 | +€9,079 | +29.0% |
| Taxes | 450/3 | €22,978 | €29,344 | +€6,367 | +27.7% |
| Remuneration and social security | 454/9 | €8,354 | €11,066 | +€2,712 | +32.5% |
| Other amounts payable | 47/48 | - | €70,495 | +€70,495 | |
| Accrued charges and deferred income | 492/3 | €2,302 | - | -€2,302 | |
| Goods, raw materials, services and sundry goods | 60/61 | €537,105 | €480,196 | -€56,910 | -10.6% |
| Remuneration, social security and pensions | 62 | €80,335 | €82,202 | +€1,867 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,571 | €25,747 | +€176 | +0.7% |
| Other operating charges | 640/8 | €3,578 | €3,385 | -€193 | -5.4% |
| Gross operating margin | 9900 | €290,442 | €253,905 | -€36,537 | -12.6% |
| Operating profit (loss) | 9901 | €180,957 | €142,571 | -€38,386 | -21.2% |
| Financial income | 75/76B | €516 | €824 | +€308 | +59.8% |
| Recurring financial income | 75 | €516 | €824 | +€308 | +59.8% |
| Financial charges | 65/66B | €5,645 | €4,364 | -€1,281 | -22.7% |
| Recurring financial charges | 65 | €5,645 | €4,364 | -€1,281 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €175,828 | €139,031 | -€36,797 | -20.9% |
| Income taxes | 67/77 | €41,133 | €30,608 | -€10,525 | -25.6% |
| Profit (loss) for the period | 9904 | €134,696 | €108,424 | -€26,272 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €134,696 | €108,424 | -€26,272 | -19.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.