HUASCARAN: 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.
HUASCARAN
Largest movements
- Tangible fixed assets -€106,512
down €106,512 (-8.0%), from €1.3m to €1.2m
of which Land and buildings: -€67,389
- Cash +€52,948
up €52,948 (+200.0%), from €26,480 to €79,428
mainly Depreciation (+€90,076) and Net result for the year (+€42,262)
- Receivables within one year +€28,045
up €28,045 (+44.9%), from €62,507 to €90,552
of which Trade receivables: +€28,045
- Debts after one year -€63,806
down €63,806 (-8.7%), from €734,632 to €670,825
- Profit (loss) carried forward +€42,262
up €42,262 (+82.1%), from -€51,487 to -€9,225
- Gross operating margin +€39,471
up €39,471 (+34.2%), from €115,495 to €154,967
- Staff costs -€6,203
down €6,203 (-100.0%), from €6,203 to €0
- Financial charges -€2,639
down €2,639 (-14.2%), from €18,526 to €15,887
- Depreciation -€2,358
down €2,358 (-2.6%), from €92,435 to €90,076
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 | €1,423,342 | €1,396,842 | -€26,500 | -1.9% |
| Fixed assets | 21/28 | €1,331,511 | €1,224,287 | -€107,224 | -8.1% |
| Intangible fixed assets | 21 | €2,084 | €1,373 | -€712 | -34.1% |
| Tangible fixed assets | 22/27 | €1,329,427 | €1,222,915 | -€106,512 | -8.0% |
| Land and buildings | 22 | €1,142,020 | €1,074,631 | -€67,389 | -5.9% |
| Plant, machinery and equipment | 23 | €178,384 | €147,207 | -€31,177 | -17.5% |
| Furniture and vehicles | 24 | €9,022 | €1,076 | -€7,946 | -88.1% |
| Current assets | 29/58 | €91,831 | €172,555 | +€80,724 | +87.9% |
| Amounts receivable within one year | 40/41 | €62,507 | €90,552 | +€28,045 | +44.9% |
| Trade receivables | 40 | €62,507 | €90,552 | +€28,045 | +44.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €26,480 | €79,428 | +€52,948 | +200.0% |
| Deferred charges and accrued income | 490/1 | €2,844 | €2,576 | -€268 | -9.4% |
| Total equity and liabilities | 10/49 | €1,423,342 | €1,396,842 | -€26,500 | -1.9% |
| Equity | 10/15 | €48,513 | €90,775 | +€42,262 | +87.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,487 | -€9,225 | +€42,262 | +82.1% |
| Amounts payable | 17/49 | €1,374,828 | €1,306,067 | -€68,761 | -5.0% |
| Amounts payable after more than one year | 17 | €734,632 | €670,825 | -€63,806 | -8.7% |
| Financial debts | 170/4 | €734,632 | €670,825 | -€63,806 | -8.7% |
| Amounts payable within one year | 42/48 | €637,197 | €635,242 | -€1,955 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €62,770 | €63,806 | +€1,036 | +1.7% |
| Trade debts | 44 | €23,519 | €15,474 | -€8,046 | -34.2% |
| Suppliers | 440/4 | €23,519 | €15,474 | -€8,046 | -34.2% |
| Taxes, remuneration and social security | 45 | €908 | €5,962 | +€5,054 | +556.9% |
| Taxes | 450/3 | €908 | €5,962 | +€5,054 | +556.9% |
| Other amounts payable | 47/48 | €550,000 | €550,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,000 | €0 | -€3,000 | -100.0% |
| Non-recurring operating income | 76A | - | €352 | +€352 | |
| Remuneration, social security and pensions | 62 | €6,203 | €0 | -€6,203 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,435 | €90,076 | -€2,358 | -2.6% |
| Other operating charges | 640/8 | €6,479 | €6,742 | +€263 | +4.1% |
| Gross operating margin | 9900 | €115,495 | €154,967 | +€39,471 | +34.2% |
| Operating profit (loss) | 9901 | €10,379 | €58,148 | +€47,769 | +460.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €18,526 | €15,887 | -€2,639 | -14.2% |
| Recurring financial charges | 65 | €18,526 | €15,887 | -€2,639 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,147 | €42,262 | +€50,409 | |
| Income taxes | 67/77 | €0 | €0 | -€0 | -100.0% |
| Profit (loss) for the period | 9904 | -€8,147 | €42,262 | +€50,409 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,147 | €42,262 | +€50,409 |
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 9 October 2026 via checked.be.