HUCK: 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.
HUCK
Largest movements
- Cash +€436,717
up €436,717 (+161.2%), from €270,941 to €707,658
mainly Net result for the year (+€320,378) and Current investments (+€250,000)
- Current investments -€250,000
down €250,000 (-100.0%), from €250,000 to €0
- Receivables within one year +€158,761
up €158,761 (+30.5%), from €520,107 to €678,868
of which Trade receivables: +€159,730
- Stocks and contracts +€91,419
up €91,419 (+12.6%), from €728,059 to €819,477
- Tangible fixed assets -€52,008
down €52,008 (-2.7%), from €1.9m to €1.9m
of which Land and buildings: -€35,567
- Reserves +€320,000
up €320,000 (+22.5%), from €1.4m to €1.7m
of which Distributable reserves: +€320,000
- Gross operating margin +€60,261
up €60,261 (+7.2%), from €835,253 to €895,514
- Other operating charges +€15,010
up €15,010 (+117.4%), from €12,789 to €27,798
- Taxes +€12,939
up €12,939 (+13.2%), from €97,940 to €110,879
- Staff costs -€12,339
down €12,339 (-3.1%), from €394,962 to €382,623
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 | €3,774,180 | €4,128,056 | +€353,876 | +9.4% |
| Fixed assets | 21/28 | €1,970,552 | €1,921,043 | -€49,509 | -2.5% |
| Intangible fixed assets | 21 | €22,205 | €24,705 | +€2,499 | +11.3% |
| Tangible fixed assets | 22/27 | €1,921,668 | €1,869,660 | -€52,008 | -2.7% |
| Land and buildings | 22 | €1,865,608 | €1,830,041 | -€35,567 | -1.9% |
| Plant, machinery and equipment | 23 | €48,867 | €39,426 | -€9,441 | -19.3% |
| Furniture and vehicles | 24 | €7,192 | €192 | -€7,000 | -97.3% |
| Financial fixed assets | 28 | €26,679 | €26,679 | = | 0.0% |
| Current assets | 29/58 | €1,803,628 | €2,207,013 | +€403,385 | +22.4% |
| Stocks and contracts in progress | 3 | €728,059 | €819,477 | +€91,419 | +12.6% |
| Stocks | 30/36 | €728,059 | €819,477 | +€91,419 | +12.6% |
| Amounts receivable within one year | 40/41 | €520,107 | €678,868 | +€158,761 | +30.5% |
| Trade receivables | 40 | €279,007 | €438,737 | +€159,730 | +57.2% |
| Other amounts receivable | 41 | €241,099 | €240,130 | -€969 | -0.4% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €270,941 | €707,658 | +€436,717 | +161.2% |
| Deferred charges and accrued income | 490/1 | €34,521 | €1,009 | -€33,512 | -97.1% |
| Total equity and liabilities | 10/49 | €3,774,180 | €4,128,056 | +€353,876 | +9.4% |
| Equity | 10/15 | €3,609,184 | €3,929,562 | +€320,378 | +8.9% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,688,000 | €1,688,000 | = | 0.0% |
| Reserves | 13 | €1,420,000 | €1,740,000 | +€320,000 | +22.5% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €1,370,000 | €1,690,000 | +€320,000 | +23.4% |
| Profit (loss) carried forward | 14 | €1,184 | €1,562 | +€378 | +32.0% |
| Amounts payable | 17/49 | €164,995 | €198,493 | +€33,498 | +20.3% |
| Amounts payable within one year | 42/48 | €164,980 | €198,493 | +€33,513 | +20.3% |
| Trade debts | 44 | €84,989 | €99,636 | +€14,647 | +17.2% |
| Suppliers | 440/4 | €84,989 | €99,636 | +€14,647 | +17.2% |
| Taxes, remuneration and social security | 45 | €79,991 | €98,857 | +€18,866 | +23.6% |
| Taxes | 450/3 | €38,263 | €45,485 | +€7,222 | +18.9% |
| Remuneration and social security | 454/9 | €41,729 | €53,373 | +€11,644 | +27.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €15 | €0 | -€15 | -100.0% |
| Remuneration, social security and pensions | 62 | €394,962 | €382,623 | -€12,339 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,806 | €76,898 | +€6,092 | +8.6% |
| Other operating charges | 640/8 | €12,789 | €27,798 | +€15,010 | +117.4% |
| Non-recurring operating charges | 66A | - | €1,370 | +€1,370 | |
| Gross operating margin | 9900 | €835,253 | €895,514 | +€60,261 | +7.2% |
| Operating profit (loss) | 9901 | €356,696 | €406,826 | +€50,129 | +14.1% |
| Financial income | 75/76B | €26,610 | €27,501 | +€891 | +3.3% |
| Recurring financial income | 75 | €26,610 | €27,501 | +€891 | +3.3% |
| Financial charges | 65/66B | €3,084 | €3,069 | -€15 | -0.5% |
| Recurring financial charges | 65 | €3,084 | €3,069 | -€15 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €380,222 | €431,258 | +€51,035 | +13.4% |
| Income taxes | 67/77 | €97,940 | €110,879 | +€12,939 | +13.2% |
| Profit (loss) for the period | 9904 | €282,282 | €320,378 | +€38,096 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €282,282 | €320,378 | +€38,096 | +13.5% |
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 10 October 2026 via checked.be.