HUDIS: 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.
HUDIS
Largest movements
- Tangible fixed assets +€548,922
up €548,922 (+160%), from €343,401 to €892,323
of which Land and buildings: +€514,677
- Cash -€205,651
down €205,651 (-61.5%), from €334,366 to €128,715
mainly Investment in fixed assets (net) (-€585,616) and Current investments (-€175,000)
- Current investments +€175,000
new in 2025: €175,000
- Revaluation surpluses +€525,319
new in 2025: €525,319
- Trade debts -€121,119
down €121,119 (-62.0%), from €195,286 to €74,167
- Profit (loss) carried forward +€118,704
up €118,704 (+49.9%), from €237,917 to €356,621
- Reserves -€35,160
down €35,160 (-18.6%), from €189,258 to €154,098
- Other debts +€34,335
up €34,335 (+699%), from €4,914 to €39,249
- Gross operating margin -€8,417
down €8,417 (-1.6%), from €521,617 to €513,200
- Staff costs +€6,192
up €6,192 (+2.1%), from €297,968 to €304,160
- Depreciation +€5,828
up €5,828 (+19.8%), from €29,366 to €35,194
- Financial charges -€5,509
down €5,509 (-58.0%), from €9,502 to €3,993
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 | €820,152 | €1,329,660 | +€509,508 | +62.1% |
| Fixed assets | 21/28 | €343,401 | €893,823 | +€550,422 | +160% |
| Tangible fixed assets | 22/27 | €343,401 | €892,323 | +€548,922 | +160% |
| Land and buildings | 22 | €277,774 | €792,451 | +€514,677 | +185% |
| Plant, machinery and equipment | 23 | €65,627 | €83,492 | +€17,865 | +27.2% |
| Furniture and vehicles | 24 | - | €16,380 | +€16,380 | |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €476,751 | €435,837 | -€40,914 | -8.6% |
| Stocks and contracts in progress | 3 | €122,040 | €119,104 | -€2,936 | -2.4% |
| Stocks | 30/36 | €122,040 | €119,104 | -€2,936 | -2.4% |
| Amounts receivable within one year | 40/41 | €19,402 | €9,536 | -€9,866 | -50.9% |
| Trade receivables | 40 | €1,472 | €5,049 | +€3,577 | +243% |
| Other amounts receivable | 41 | €17,930 | €4,487 | -€13,443 | -75.0% |
| Current investments | 50/53 | - | €175,000 | +€175,000 | |
| Cash at bank and in hand | 54/58 | €334,366 | €128,715 | -€205,651 | -61.5% |
| Deferred charges and accrued income | 490/1 | €943 | €3,482 | +€2,539 | +269% |
| Total equity and liabilities | 10/49 | €820,152 | €1,329,660 | +€509,508 | +62.1% |
| Equity | 10/15 | €445,925 | €1,054,788 | +€608,863 | +137% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Revaluation surpluses | 12 | - | €525,319 | +€525,319 | |
| Reserves | 13 | €189,258 | €154,098 | -€35,160 | -18.6% |
| Distributable reserves | 133 | €189,258 | €154,098 | -€35,160 | -18.6% |
| Profit (loss) carried forward | 14 | €237,917 | €356,621 | +€118,704 | +49.9% |
| Amounts payable | 17/49 | €374,227 | €274,872 | -€99,355 | -26.5% |
| Amounts payable after more than one year | 17 | €53,272 | €19,808 | -€33,464 | -62.8% |
| Financial debts | 170/4 | €53,272 | €19,808 | -€33,464 | -62.8% |
| Amounts payable within one year | 42/48 | €320,955 | €255,064 | -€65,891 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €39,151 | €33,464 | -€5,687 | -14.5% |
| Trade debts | 44 | €195,286 | €74,167 | -€121,119 | -62.0% |
| Suppliers | 440/4 | €195,286 | €74,167 | -€121,119 | -62.0% |
| Taxes, remuneration and social security | 45 | €81,604 | €108,184 | +€26,580 | +32.6% |
| Taxes | 450/3 | €29,237 | €60,448 | +€31,211 | +107% |
| Remuneration and social security | 454/9 | €52,367 | €47,736 | -€4,631 | -8.8% |
| Other amounts payable | 47/48 | €4,914 | €39,249 | +€34,335 | +699% |
| Non-recurring operating income | 76A | €362 | - | -€362 | |
| Remuneration, social security and pensions | 62 | €297,968 | €304,160 | +€6,192 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,366 | €35,194 | +€5,828 | +19.8% |
| Other operating charges | 640/8 | €6,707 | €6,361 | -€346 | -5.2% |
| Non-recurring operating charges | 66A | €1,508 | - | -€1,508 | |
| Gross operating margin | 9900 | €521,617 | €513,200 | -€8,417 | -1.6% |
| Operating profit (loss) | 9901 | €186,068 | €167,485 | -€18,583 | -10.0% |
| Financial income | 75/76B | €1,457 | €1,142 | -€315 | -21.6% |
| Recurring financial income | 75 | €1,457 | €1,142 | -€315 | -21.6% |
| Financial charges | 65/66B | €9,502 | €3,993 | -€5,509 | -58.0% |
| Recurring financial charges | 65 | €9,502 | €3,993 | -€5,509 | -58.0% |
| Profit (loss) for the period before taxes | 9903 | €178,023 | €164,634 | -€13,389 | -7.5% |
| Income taxes | 67/77 | €50,389 | €45,930 | -€4,459 | -8.8% |
| Profit (loss) for the period | 9904 | €127,634 | €118,704 | -€8,930 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €127,634 | €118,704 | -€8,930 | -7.0% |
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 16 October 2026 via checked.be.