Hucro: 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.
Hucro
Largest movements
- Tangible fixed assets -€48,417
down €48,417 (-18.9%), from €255,881 to €207,464
of which Leasing and similar rights: -€36,419
- Stocks and contracts +€39,876
up €39,876 (+63.6%), from €62,654 to €102,530
- Receivables within one year -€12,235
down €12,235 (-14.3%), from €85,590 to €73,355
of which Trade receivables: -€9,029
- Deferred charges and accrued income -€6,035
down €6,035 (-27.0%), from €22,350 to €16,315
- Other debts +€103,246
up €103,246 (+113.6%), from €90,893 to €194,139
- Profit (loss) carried forward -€56,152
down €56,152, from €6,414 to -€49,738
- Trade debts -€52,338
down €52,338 (-71.8%), from €72,943 to €20,605
- Short-term financial debts -€25,842
down €25,842 (-51.7%), from €49,995 to €24,153
- Debts after one year +€23,191
up €23,191 (+21.8%), from €106,624 to €129,815
- Gross operating margin -€25,757
down €25,757 (-13.3%), from €193,307 to €167,550
- Staff costs +€23,113
up €23,113 (+19.6%), from €118,085 to €141,198
- Financial charges +€6,696
up €6,696 (+85.5%), from €7,834 to €14,530
- Depreciation +€2,772
up €2,772 (+4.3%), from €63,865 to €66,637
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €441,670 | €418,087 | -€23,583 | -5.3% |
| Fixed assets | 21/28 | €271,076 | €225,887 | -€45,189 | -16.7% |
| Intangible fixed assets | 21 | €15,195 | €18,423 | +€3,228 | +21.2% |
| Tangible fixed assets | 22/27 | €255,881 | €207,464 | -€48,417 | -18.9% |
| Plant, machinery and equipment | 23 | €51,513 | €48,022 | -€3,491 | -6.8% |
| Furniture and vehicles | 24 | €2,334 | €1,334 | -€1,000 | -42.8% |
| Leasing and similar rights | 25 | €145,674 | €109,255 | -€36,419 | -25.0% |
| Other tangible fixed assets | 26 | €56,360 | €48,853 | -€7,507 | -13.3% |
| Current assets | 29/58 | €170,594 | €192,200 | +€21,606 | +12.7% |
| Stocks and contracts in progress | 3 | €62,654 | €102,530 | +€39,876 | +63.6% |
| Stocks | 30/36 | €62,654 | €102,530 | +€39,876 | +63.6% |
| Amounts receivable within one year | 40/41 | €85,590 | €73,355 | -€12,235 | -14.3% |
| Trade receivables | 40 | €81,163 | €72,134 | -€9,029 | -11.1% |
| Other amounts receivable | 41 | €4,427 | €1,221 | -€3,206 | -72.4% |
| Deferred charges and accrued income | 490/1 | €22,350 | €16,315 | -€6,035 | -27.0% |
| Total equity and liabilities | 10/49 | €441,670 | €418,087 | -€23,583 | -5.3% |
| Equity | 10/15 | €33,364 | -€22,788 | -€56,152 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,350 | €8,350 | = | 0.0% |
| Distributable reserves | 133 | €8,350 | €8,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,414 | -€49,738 | -€56,152 | |
| Amounts payable | 17/49 | €408,306 | €440,875 | +€32,569 | +8.0% |
| Amounts payable after more than one year | 17 | €106,624 | €129,815 | +€23,191 | +21.8% |
| Financial debts | 170/4 | €106,624 | €129,815 | +€23,191 | +21.8% |
| Amounts payable within one year | 42/48 | €262,102 | €282,266 | +€20,164 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €35,876 | €36,809 | +€933 | +2.6% |
| Financial debts | 43 | €49,995 | €24,153 | -€25,842 | -51.7% |
| Credit institutions | 430/8 | €49,995 | €24,153 | -€25,842 | -51.7% |
| Trade debts | 44 | €72,943 | €20,605 | -€52,338 | -71.8% |
| Suppliers | 440/4 | €72,943 | €20,605 | -€52,338 | -71.8% |
| Taxes, remuneration and social security | 45 | €12,395 | €6,560 | -€5,835 | -47.1% |
| Taxes | 450/3 | €3,540 | €1,344 | -€2,196 | -62.0% |
| Remuneration and social security | 454/9 | €8,855 | €5,216 | -€3,639 | -41.1% |
| Other amounts payable | 47/48 | €90,893 | €194,139 | +€103,246 | +113.6% |
| Accrued charges and deferred income | 492/3 | €39,580 | €28,794 | -€10,786 | -27.3% |
| Remuneration, social security and pensions | 62 | €118,085 | €141,198 | +€23,113 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,865 | €66,637 | +€2,772 | +4.3% |
| Other operating charges | 640/8 | €2,080 | €1,557 | -€523 | -25.1% |
| Gross operating margin | 9900 | €193,307 | €167,550 | -€25,757 | -13.3% |
| Operating profit (loss) | 9901 | €9,277 | -€41,842 | -€51,119 | |
| Financial income | 75/76B | €49 | €220 | +€171 | +349.0% |
| Recurring financial income | 75 | €49 | €220 | +€171 | +349.0% |
| Financial charges | 65/66B | €7,834 | €14,530 | +€6,696 | +85.5% |
| Recurring financial charges | 65 | €7,834 | €14,530 | +€6,696 | +85.5% |
| Profit (loss) for the period before taxes | 9903 | €1,492 | -€56,152 | -€57,644 | |
| Income taxes | 67/77 | €1,301 | - | -€1,301 | |
| Profit (loss) for the period | 9904 | €191 | -€56,152 | -€56,343 | |
| Profit (loss) for the period to be appropriated | 9905 | €191 | -€56,152 | -€56,343 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.