HuCon: what changed
Two fiscal 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.
HuCon
Largest movements
- Tangible fixed assets +€217,922
up €217,922 (+265.6%), from €82,036 to €299,958
of which Other tangible fixed assets: +€218,787
- Receivables within one year +€50,178
up €50,178 (+1744.9%), from €2,876 to €53,053
of which Other amounts receivable: +€44,571
- Cash +€16,466
up €16,466 (+79.7%), from €20,669 to €37,136
mainly Debts after one year (+€162,604) and Other debts (+€108,603)
- Debts after one year +€162,604
new in 2025: €162,604
- Other debts +€108,603
up €108,603 (+158.6%), from €68,495 to €177,098
- Current portion of long-term debt +€9,613
new in 2025: €9,613
- Gross operating margin +€49,291
up €49,291, from -€5,237 to €44,053
- Depreciation +€26,822
up €26,822 (+1797.7%), from €1,492 to €28,314
- Financial charges +€6,962
up €6,962 (+214.4%), from €3,246 to €10,208
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 | €107,049 | €391,575 | +€284,526 | +265.8% |
| Fixed assets | 21/28 | €82,036 | €299,958 | +€217,922 | +265.6% |
| Tangible fixed assets | 22/27 | €82,036 | €299,958 | +€217,922 | +265.6% |
| Furniture and vehicles | 24 | €3,092 | €2,226 | -€865 | -28.0% |
| Other tangible fixed assets | 26 | €78,944 | €297,732 | +€218,787 | +277.1% |
| Current assets | 29/58 | €25,013 | €91,617 | +€66,604 | +266.3% |
| Amounts receivable within one year | 40/41 | €2,876 | €53,053 | +€50,178 | +1744.9% |
| Trade receivables | 40 | €2,446 | €8,053 | +€5,607 | +229.2% |
| Other amounts receivable | 41 | €429 | €45,000 | +€44,571 | +10382.2% |
| Cash at bank and in hand | 54/58 | €20,669 | €37,136 | +€16,466 | +79.7% |
| Deferred charges and accrued income | 490/1 | €1,468 | €1,427 | -€40 | -2.7% |
| Total equity and liabilities | 10/49 | €107,049 | €391,575 | +€284,526 | +265.8% |
| Equity | 10/15 | €6,165 | €9,181 | +€3,016 | +48.9% |
| Contributions | 10/11 | €12,238 | €12,238 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,073 | -€3,057 | +€3,016 | +49.7% |
| Amounts payable | 17/49 | €100,884 | €382,393 | +€281,510 | +279.0% |
| Amounts payable after more than one year | 17 | - | €162,604 | +€162,604 | |
| Financial debts | 170/4 | - | €162,604 | +€162,604 | |
| Amounts payable within one year | 42/48 | €100,884 | €219,789 | +€118,905 | +117.9% |
| Current portion of amounts payable after more than one year | 42 | - | €9,613 | +€9,613 | |
| Trade debts | 44 | €25,062 | €28,460 | +€3,398 | +13.6% |
| Suppliers | 440/4 | €25,062 | €28,460 | +€3,398 | +13.6% |
| Taxes, remuneration and social security | 45 | €7,327 | €4,618 | -€2,709 | -37.0% |
| Taxes | 450/3 | €7,327 | €4,618 | -€2,709 | -37.0% |
| Other amounts payable | 47/48 | €68,495 | €177,098 | +€108,603 | +158.6% |
| Non-recurring operating income | 76A | €2,785 | - | -€2,785 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,492 | €28,314 | +€26,822 | +1797.7% |
| Other operating charges | 640/8 | €1,764 | €1,734 | -€30 | -1.7% |
| Non-recurring operating charges | 66A | €17,242 | - | -€17,242 | |
| Gross operating margin | 9900 | -€5,237 | €44,053 | +€49,291 | |
| Operating profit (loss) | 9901 | -€25,735 | €14,004 | +€39,740 | |
| Financial income | 75/76B | €0 | €23 | +€23 | +225700.0% |
| Recurring financial income | 75 | €0 | €23 | +€23 | +225700.0% |
| Financial charges | 65/66B | €3,246 | €10,208 | +€6,962 | +214.4% |
| Recurring financial charges | 65 | €3,246 | €10,208 | +€6,962 | +214.4% |
| Profit (loss) for the period before taxes | 9903 | -€28,982 | €3,819 | +€32,801 | |
| Income taxes | 67/77 | €831 | €803 | -€28 | -3.4% |
| Profit (loss) for the period | 9904 | -€29,813 | €3,016 | +€32,829 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,813 | €3,016 | +€32,829 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.