HuDe: 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.
HuDe
Largest movements
- Receivables within one year +€94,307
up €94,307 (+43.7%), from €215,640 to €309,947
- Cash +€5,851
up €5,851 (+214%), from €2,739 to €8,590
mainly Net result for the year (+€88,729) and Tax, wage and social debts (+€12,080)
- Reserves +€88,729
up €88,729 (+49.5%), from €179,238 to €267,967
- Tax, wage and social debts +€12,080
up €12,080 (+634%), from €1,906 to €13,987
- Gross operating margin +€31,475
up €31,475 (+33.8%), from €93,043 to €124,518
- Taxes +€8,650
up €8,650 (+34.0%), from €25,420 to €34,071
- Other operating charges +€1,270
up €1,270 (+330%), from €384 to €1,655
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 | €351,569 | €451,727 | +€100,158 | +28.5% |
| Fixed assets | 21/28 | €133,190 | €133,190 | = | 0.0% |
| Tangible fixed assets | 22/27 | €133,140 | €133,140 | = | 0.0% |
| Land and buildings | 22 | €133,140 | €133,140 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €218,379 | €318,537 | +€100,158 | +45.9% |
| Amounts receivable within one year | 40/41 | €215,640 | €309,947 | +€94,307 | +43.7% |
| Trade receivables | 40 | €215,640 | €309,947 | +€94,307 | +43.7% |
| Cash at bank and in hand | 54/58 | €2,739 | €8,590 | +€5,851 | +214% |
| Total equity and liabilities | 10/49 | €351,569 | €451,727 | +€100,158 | +28.5% |
| Equity | 10/15 | €205,442 | €294,171 | +€88,729 | +43.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €179,238 | €267,967 | +€88,729 | +49.5% |
| Distributable reserves | 133 | €179,238 | €267,967 | +€88,729 | +49.5% |
| Profit (loss) carried forward | 14 | €20,003 | €20,003 | = | 0.0% |
| Amounts payable | 17/49 | €146,127 | €157,557 | +€11,429 | +7.8% |
| Amounts payable within one year | 42/48 | €146,127 | €157,557 | +€11,429 | +7.8% |
| Trade debts | 44 | €1,873 | €1,553 | -€320 | -17.1% |
| Suppliers | 440/4 | €1,873 | €1,553 | -€320 | -17.1% |
| Taxes, remuneration and social security | 45 | €1,906 | €13,987 | +€12,080 | +634% |
| Taxes | 450/3 | €1,906 | €13,987 | +€12,080 | +634% |
| Other amounts payable | 47/48 | €142,348 | €142,017 | -€331 | -0.2% |
| Other operating charges | 640/8 | €384 | €1,655 | +€1,270 | +330% |
| Gross operating margin | 9900 | €93,043 | €124,518 | +€31,475 | +33.8% |
| Operating profit (loss) | 9901 | €92,659 | €122,863 | +€30,204 | +32.6% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €52 | €63 | +€11 | +21.2% |
| Recurring financial charges | 65 | €52 | €63 | +€11 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €92,608 | €122,800 | +€30,191 | +32.6% |
| Income taxes | 67/77 | €25,420 | €34,071 | +€8,650 | +34.0% |
| Profit (loss) for the period | 9904 | €67,188 | €88,729 | +€21,541 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,188 | €88,729 | +€21,541 | +32.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.