HUART: what changed
HUART
Largest movements
- Tangible fixed assets -€10,031
down €10,031 (-33.3%), from €30,093 to €20,062
- Receivables within one year -€5,948
down €5,948 (-53.7%), from €11,078 to €5,130
of which Other amounts receivable: -€5,948
- Deferred charges and accrued income -€1,988
down €1,988 (-100%), from €1,988 to €0
- Cash +€595
up €595 (+30.9%), from €1,922 to €2,517
mainly Depreciation (+€10,031) and Receivables within one year (+€5,948)
- Other debts -€8,911
down €8,911 (-98.4%), from €9,057 to €146
- Debts after one year -€4,591
down €4,591 (-21.1%), from €21,743 to €17,153
- Reserves -€2,825
down €2,825 (-25.0%), from €11,319 to €8,494
of which Tax-exempt reserves: -€2,825
- Tax, wage and social debts -€1,045
down €1,045 (-18.3%), from €5,710 to €4,665
of which Taxes: -€2,143
- Provisions -€942
down €942 (-25.0%), from €3,766 to €2,825
- Gross operating margin -€18,311
down €18,311 (-71.3%), from €25,685 to €7,374
- Turnover +€8,627
up €8,627 (+17.3%), from €50,010 to €58,637
- Purchases and services +€7,356
up €7,356 (+16.8%), from €43,906 to €51,262
- Financial income -€1,762
no longer reported in 2025 (was €1,762)
- Staff costs -€666
down €666 (-100%), from €666 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,081 | €27,709 | -€17,372 | -38.5% |
| Fixed assets | 21/28 | €30,093 | €20,062 | -€10,031 | -33.3% |
| Tangible fixed assets | 22/27 | €30,093 | €20,062 | -€10,031 | -33.3% |
| Furniture and vehicles | 24 | €30,093 | €20,062 | -€10,031 | -33.3% |
| Current assets | 29/58 | €14,988 | €7,647 | -€7,341 | -49.0% |
| Amounts receivable within one year | 40/41 | €11,078 | €5,130 | -€5,948 | -53.7% |
| Trade receivables | 40 | €5,080 | €5,080 | = | 0.0% |
| Other amounts receivable | 41 | €5,998 | €50 | -€5,948 | -99.2% |
| Cash at bank and in hand | 54/58 | €1,922 | €2,517 | +€595 | +30.9% |
| Deferred charges and accrued income | 490/1 | €1,988 | €0 | -€1,988 | -100% |
| Total equity and liabilities | 10/49 | €45,081 | €27,709 | -€17,372 | -38.5% |
| Equity | 10/15 | €3,710 | €1,078 | -€2,631 | -70.9% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €11,319 | €8,494 | -€2,825 | -25.0% |
| Non-distributable reserves | 130/1 | €20 | - | -€20 | |
| Reserves not available under the articles | 1311 | €20 | - | -€20 | |
| Tax-exempt reserves | 132 | €11,299 | €8,474 | -€2,825 | -25.0% |
| Distributable reserves | 133 | - | €20 | +€20 | |
| Profit (loss) carried forward | 14 | -€7,809 | -€7,616 | +€193 | +2.5% |
| Provisions and deferred taxes | 16 | €3,766 | €2,825 | -€942 | -25.0% |
| Deferred taxes | 168 | €3,766 | €2,825 | -€942 | -25.0% |
| Amounts payable | 17/49 | €37,605 | €23,806 | -€13,799 | -36.7% |
| Amounts payable after more than one year | 17 | €21,743 | €17,153 | -€4,591 | -21.1% |
| Financial debts | 170/4 | €21,743 | €17,153 | -€4,591 | -21.1% |
| Amounts payable within one year | 42/48 | €15,861 | €6,653 | -€9,208 | -58.1% |
| Trade debts | 44 | €1,095 | €1,842 | +€748 | +68.3% |
| Suppliers | 440/4 | €1,095 | €1,842 | +€748 | +68.3% |
| Taxes, remuneration and social security | 45 | €5,710 | €4,665 | -€1,045 | -18.3% |
| Taxes | 450/3 | €4,797 | €2,654 | -€2,143 | -44.7% |
| Remuneration and social security | 454/9 | €913 | €2,012 | +€1,099 | +120% |
| Other amounts payable | 47/48 | €9,057 | €146 | -€8,911 | -98.4% |
| Turnover | 70 | €50,010 | €58,637 | +€8,627 | +17.3% |
| Non-recurring operating income | 76A | €19,582 | €600 | -€18,982 | -96.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €43,906 | €51,262 | +€7,356 | +16.8% |
| Remuneration, social security and pensions | 62 | €666 | €0 | -€666 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,031 | €10,031 | = | 0.0% |
| Gross operating margin | 9900 | €25,685 | €7,374 | -€18,311 | -71.3% |
| Operating profit (loss) | 9901 | €14,988 | -€2,657 | -€17,645 | |
| Financial income | 75/76B | €1,762 | - | -€1,762 | |
| Recurring financial income | 75 | €1,762 | - | -€1,762 | |
| Financial charges | 65/66B | €970 | €916 | -€53 | -5.5% |
| Recurring financial charges | 65 | €970 | €916 | -€53 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €15,781 | -€3,573 | -€19,354 | |
| Transfer from deferred taxes | 780 | €942 | €942 | = | 0.0% |
| Transfer to deferred taxes | 680 | €4,708 | - | -€4,708 | |
| Profit (loss) for the period | 9904 | €12,014 | -€2,631 | -€14,646 | |
| Transfer from tax-exempt reserves | 789 | €2,825 | €2,825 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €14,124 | - | -€14,124 | |
| Profit (loss) for the period to be appropriated | 9905 | €715 | €193 | -€522 | -73.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.