HUDICOR: 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.
HUDICOR
Largest movements
- Cash +€324,097
up €324,097 (+146%), from €222,130 to €546,226
mainly Net result for the year (+€190,843) and Receivables within one year (+€103,204)
- Receivables within one year -€103,204
down €103,204 (-30.9%), from €333,990 to €230,787
of which Trade receivables: -€107,886
- Current investments -€86,199
down €86,199 (-7.6%), from €1.1m to €1.0m
- Reserves +€174,843
up €174,843 (+9.3%), from €1.9m to €2.1m
of which Tax-exempt reserves: +€87,422
- Accrued charges and deferred income -€28,100
down €28,100 (-97.2%), from €28,913 to €813
- Trade debts -€23,062
down €23,062 (-55.3%), from €41,727 to €18,665
- Gross operating margin +€195,749
up €195,749 (+36.4%), from €537,582 to €733,331
- Taxes +€40,329
up €40,329 (+205%), from €19,702 to €60,031
- Financial charges +€16,756
up €16,756 (+36.8%), from €45,551 to €62,306
- Staff costs -€12,352
down €12,352 (-2.8%), from €436,239 to €423,887
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 | €2,107,272 | €2,236,740 | +€129,468 | +6.1% |
| Fixed assets | 21/28 | €415,722 | €396,587 | -€19,135 | -4.6% |
| Tangible fixed assets | 22/27 | €66,544 | €47,408 | -€19,135 | -28.8% |
| Plant, machinery and equipment | 23 | €886 | €589 | -€297 | -33.5% |
| Furniture and vehicles | 24 | €63,569 | €46,247 | -€17,322 | -27.2% |
| Other tangible fixed assets | 26 | €2,088 | €572 | -€1,516 | -72.6% |
| Financial fixed assets | 28 | €349,179 | €349,179 | = | 0.0% |
| Current assets | 29/58 | €1,691,550 | €1,840,153 | +€148,603 | +8.8% |
| Amounts receivable within one year | 40/41 | €333,990 | €230,787 | -€103,204 | -30.9% |
| Trade receivables | 40 | €301,117 | €193,231 | -€107,886 | -35.8% |
| Other amounts receivable | 41 | €32,873 | €37,556 | +€4,683 | +14.2% |
| Current investments | 50/53 | €1,127,139 | €1,040,940 | -€86,199 | -7.6% |
| Cash at bank and in hand | 54/58 | €222,130 | €546,226 | +€324,097 | +146% |
| Deferred charges and accrued income | 490/1 | €8,290 | €22,200 | +€13,910 | +168% |
| Total equity and liabilities | 10/49 | €2,107,272 | €2,236,740 | +€129,468 | +6.1% |
| Equity | 10/15 | €1,900,308 | €2,075,151 | +€174,843 | +9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,881,708 | €2,056,551 | +€174,843 | +9.3% |
| Tax-exempt reserves | 132 | €37,664 | €125,086 | +€87,422 | +232% |
| Distributable reserves | 133 | €1,844,044 | €1,931,466 | +€87,422 | +4.7% |
| Amounts payable | 17/49 | €206,964 | €161,589 | -€45,375 | -21.9% |
| Amounts payable within one year | 42/48 | €178,051 | €160,775 | -€17,275 | -9.7% |
| Trade debts | 44 | €41,727 | €18,665 | -€23,062 | -55.3% |
| Suppliers | 440/4 | €41,727 | €18,665 | -€23,062 | -55.3% |
| Taxes, remuneration and social security | 45 | €134,942 | €125,584 | -€9,358 | -6.9% |
| Taxes | 450/3 | €62,765 | €57,085 | -€5,680 | -9.0% |
| Remuneration and social security | 454/9 | €72,177 | €68,499 | -€3,678 | -5.1% |
| Other amounts payable | 47/48 | €1,382 | €16,527 | +€15,145 | +1,096% |
| Accrued charges and deferred income | 492/3 | €28,913 | €813 | -€28,100 | -97.2% |
| Non-recurring operating income | 76A | €4,500 | - | -€4,500 | |
| Remuneration, social security and pensions | 62 | €436,239 | €423,887 | -€12,352 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,048 | €19,961 | +€4,913 | +32.6% |
| Other operating charges | 640/8 | €4,212 | €6,277 | +€2,065 | +49.0% |
| Non-recurring operating charges | 66A | €12,461 | - | -€12,461 | |
| Gross operating margin | 9900 | €537,582 | €733,331 | +€195,749 | +36.4% |
| Operating profit (loss) | 9901 | €69,622 | €283,205 | +€213,584 | +307% |
| Financial income | 75/76B | €28,075 | €29,974 | +€1,900 | +6.8% |
| Recurring financial income | 75 | €28,075 | €29,974 | +€1,900 | +6.8% |
| Financial charges | 65/66B | €45,551 | €62,306 | +€16,756 | +36.8% |
| Recurring financial charges | 65 | €45,551 | €62,306 | +€16,756 | +36.8% |
| Profit (loss) for the period before taxes | 9903 | €52,146 | €250,874 | +€198,728 | +381% |
| Income taxes | 67/77 | €19,702 | €60,031 | +€40,329 | +205% |
| Profit (loss) for the period | 9904 | €32,444 | €190,843 | +€158,399 | +488% |
| Transfer from tax-exempt reserves | 789 | €540,695 | - | -€540,695 | |
| Transfer to tax-exempt reserves | 689 | - | €87,422 | +€87,422 | |
| Profit (loss) for the period to be appropriated | 9905 | €573,139 | €103,422 | -€469,717 | -82.0% |
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 22 October 2026 via checked.be.