HUCOM: 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.
HUCOM
Largest movements
- Tangible fixed assets -€407,393
down €407,393 (-12.2%), from €3.3m to €2.9m
of which Leasing and similar rights: -€309,503
- Receivables within one year +€101,013
up €101,013 (+37.9%), from €266,609 to €367,622
of which Trade receivables: +€87,058
- Cash -€47,261
down €47,261 (-67.3%), from €70,206 to €22,945
mainly Debts after one year (-€522,227) and Investment in fixed assets (net) (-€473,360)
- Debts after one year -€522,227
down €522,227 (-24.7%), from €2.1m to €1.6m
- Trade debts +€144,042
up €144,042 (+42.1%), from €342,341 to €486,382
- Current portion of long-term debt +€115,878
up €115,878 (+13.5%), from €857,843 to €973,721
- Other debts -€47,500
down €47,500 (-21.1%), from €225,000 to €177,500
- Gross operating margin -€157,019
down €157,019 (-14.3%), from €1.1m to €941,234
- Taxes -€36,408
down €36,408, from €23,378 to -€13,030
- Financial charges -€23,708
down €23,708 (-20.0%), from €118,705 to €94,997
of which Financial charges: -€23,835
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 | €3,763,013 | €3,409,676 | -€353,337 | -9.4% |
| Fixed assets | 21/28 | €3,343,362 | €2,935,969 | -€407,393 | -12.2% |
| Tangible fixed assets | 22/27 | €3,343,362 | €2,935,969 | -€407,393 | -12.2% |
| Plant, machinery and equipment | 23 | €85,048 | - | -€85,048 | |
| Furniture and vehicles | 24 | €52,284 | €39,443 | -€12,841 | -24.6% |
| Leasing and similar rights | 25 | €3,206,029 | €2,896,526 | -€309,503 | -9.7% |
| Current assets | 29/58 | €419,651 | €473,707 | +€54,056 | +12.9% |
| Amounts receivable within one year | 40/41 | €266,609 | €367,622 | +€101,013 | +37.9% |
| Trade receivables | 40 | €216,741 | €303,799 | +€87,058 | +40.2% |
| Other amounts receivable | 41 | €49,868 | €63,823 | +€13,954 | +28.0% |
| Cash at bank and in hand | 54/58 | €70,206 | €22,945 | -€47,261 | -67.3% |
| Deferred charges and accrued income | 490/1 | €82,836 | €83,140 | +€304 | +0.4% |
| Total equity and liabilities | 10/49 | €3,763,013 | €3,409,676 | -€353,337 | -9.4% |
| Equity | 10/15 | €204,642 | €180,872 | -€23,771 | -11.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,442 | €112,672 | -€23,771 | -17.4% |
| Amounts payable | 17/49 | €3,558,371 | €3,228,804 | -€329,566 | -9.3% |
| Amounts payable after more than one year | 17 | €2,113,428 | €1,591,201 | -€522,227 | -24.7% |
| Financial debts | 170/4 | €2,113,428 | €1,591,201 | -€522,227 | -24.7% |
| Amounts payable within one year | 42/48 | €1,442,878 | €1,637,603 | +€194,725 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €857,843 | €973,721 | +€115,878 | +13.5% |
| Trade debts | 44 | €342,341 | €486,382 | +€144,042 | +42.1% |
| Suppliers | 440/4 | €342,341 | €486,382 | +€144,042 | +42.1% |
| Taxes, remuneration and social security | 45 | €17,694 | - | -€17,694 | |
| Taxes | 450/3 | €17,694 | - | -€17,694 | |
| Other amounts payable | 47/48 | €225,000 | €177,500 | -€47,500 | -21.1% |
| Accrued charges and deferred income | 492/3 | €2,064 | - | -€2,064 | |
| Non-recurring operating income | 76A | €66,807 | - | -€66,807 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €890,867 | €880,753 | -€10,114 | -1.1% |
| Other operating charges | 640/8 | €994 | €2,285 | +€1,291 | +129.8% |
| Non-recurring operating charges | 66A | €4,145 | - | -€4,145 | |
| Gross operating margin | 9900 | €1,098,254 | €941,234 | -€157,019 | -14.3% |
| Operating profit (loss) | 9901 | €202,247 | €58,196 | -€144,051 | -71.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €118,705 | €94,997 | -€23,708 | -20.0% |
| Recurring financial charges | 65 | €118,669 | €94,834 | -€23,835 | -20.1% |
| Non-recurring financial charges | 66B | €37 | €163 | +€126 | +344.6% |
| Profit (loss) for the period before taxes | 9903 | €83,542 | -€36,801 | -€120,342 | |
| Income taxes | 67/77 | €23,378 | -€13,030 | -€36,408 | |
| Profit (loss) for the period | 9904 | €60,164 | -€23,771 | -€83,935 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,164 | -€23,771 | -€83,935 |
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.