Hucé: 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.
Hucé
Largest movements
- Tangible fixed assets +€207,100
up €207,100 (+25.6%), from €810,253 to €1.0m
of which Plant, machinery and equipment: +€190,202
- Receivables within one year -€37,760
down €37,760 (-33.5%), from €112,814 to €75,054
of which Trade receivables: -€71,359
- Stocks and contracts +€25,476
up €25,476 (+149%), from €17,052 to €42,529
of which Contracts in progress: +€38,240
- Cash -€13,648
down €13,648 (-26.0%), from €52,499 to €38,850
mainly Investment in fixed assets (net) (-€358,969) and Stocks and contracts (-€25,476)
- Debts after one year +€164,058
up €164,058 (+24.9%), from €660,115 to €824,173
of which Trade debts: +€186,200
- Current portion of long-term debt +€32,969
up €32,969 (+26.8%), from €123,206 to €156,174
- Other debts +€27,440
up €27,440 (+523%), from €5,246 to €32,685
- Trade debts -€16,934
down €16,934 (-22.3%), from €75,879 to €58,944
- Short-term financial debts -€16,000
down €16,000 (-100%), from €16,000 to €0
- Staff costs +€40,921
new in 2025: €40,921
- Taxes -€13,163
down €13,163 (-98.4%), from €13,379 to €217
- Depreciation +€5,914
up €5,914 (+4.0%), from €146,156 to €152,069
- Gross operating margin +€5,134
up €5,134 (+2.4%), from €212,628 to €217,762
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 | €1,033,673 | €1,218,697 | +€185,024 | +17.9% |
| Fixed assets | 21/28 | €840,495 | €1,047,395 | +€206,900 | +24.6% |
| Intangible fixed assets | 21 | €782 | €582 | -€200 | -25.6% |
| Tangible fixed assets | 22/27 | €810,253 | €1,017,353 | +€207,100 | +25.6% |
| Land and buildings | 22 | €167,348 | €161,710 | -€5,638 | -3.4% |
| Plant, machinery and equipment | 23 | €583,753 | €773,956 | +€190,202 | +32.6% |
| Furniture and vehicles | 24 | - | €57,482 | +€57,482 | |
| Leasing and similar rights | 25 | €59,151 | €24,205 | -€34,946 | -59.1% |
| Financial fixed assets | 28 | €29,460 | €29,460 | = | 0.0% |
| Current assets | 29/58 | €193,178 | €171,302 | -€21,876 | -11.3% |
| Stocks and contracts in progress | 3 | €17,052 | €42,529 | +€25,476 | +149% |
| Stocks | 30/36 | €17,052 | €4,289 | -€12,764 | -74.9% |
| Contracts in progress | 37 | - | €38,240 | +€38,240 | |
| Amounts receivable within one year | 40/41 | €112,814 | €75,054 | -€37,760 | -33.5% |
| Trade receivables | 40 | €110,134 | €38,776 | -€71,359 | -64.8% |
| Other amounts receivable | 41 | €2,679 | €36,278 | +€33,598 | +1,254% |
| Cash at bank and in hand | 54/58 | €52,499 | €38,850 | -€13,648 | -26.0% |
| Deferred charges and accrued income | 490/1 | €10,813 | €14,869 | +€4,056 | +37.5% |
| Total equity and liabilities | 10/49 | €1,033,673 | €1,218,697 | +€185,024 | +17.9% |
| Equity | 10/15 | €131,479 | €132,307 | +€828 | +0.6% |
| Contributions | 10/11 | €48,673 | €48,673 | = | 0.0% |
| Reserves | 13 | €82,806 | €83,634 | +€828 | +1.0% |
| Distributable reserves | 133 | €82,806 | €83,634 | +€828 | +1.0% |
| Amounts payable | 17/49 | €902,194 | €1,086,390 | +€184,196 | +20.4% |
| Amounts payable after more than one year | 17 | €660,115 | €824,173 | +€164,058 | +24.9% |
| Financial debts | 170/4 | €580,115 | €557,973 | -€22,142 | -3.8% |
| Trade debts | 175 | €80,000 | €266,200 | +€186,200 | +233% |
| Amounts payable within one year | 42/48 | €242,080 | €262,218 | +€20,138 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €123,206 | €156,174 | +€32,969 | +26.8% |
| Financial debts | 43 | €16,000 | €0 | -€16,000 | -100% |
| Credit institutions | 430/8 | €16,000 | €0 | -€16,000 | -100% |
| Trade debts | 44 | €75,879 | €58,944 | -€16,934 | -22.3% |
| Suppliers | 440/4 | €75,879 | €58,944 | -€16,934 | -22.3% |
| Taxes, remuneration and social security | 45 | €21,750 | €14,414 | -€7,336 | -33.7% |
| Taxes | 450/3 | €20,425 | €627 | -€19,798 | -96.9% |
| Remuneration and social security | 454/9 | €1,325 | €13,787 | +€12,462 | +941% |
| Other amounts payable | 47/48 | €5,246 | €32,685 | +€27,440 | +523% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €40,921 | +€40,921 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,156 | €152,069 | +€5,914 | +4.0% |
| Other operating charges | 640/8 | €2,367 | €4,291 | +€1,924 | +81.3% |
| Gross operating margin | 9900 | €212,628 | €217,762 | +€5,134 | +2.4% |
| Operating profit (loss) | 9901 | €64,106 | €20,482 | -€43,624 | -68.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €19,121 | €19,437 | +€316 | +1.7% |
| Recurring financial charges | 65 | €19,121 | €19,437 | +€316 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €44,985 | €1,045 | -€43,940 | -97.7% |
| Income taxes | 67/77 | €13,379 | €217 | -€13,163 | -98.4% |
| Profit (loss) for the period | 9904 | €31,606 | €828 | -€30,778 | -97.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,606 | €828 | -€30,778 | -97.4% |
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 26 October 2026 via checked.be.