HUDU: 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.
HUDU
Largest movements
- Cash +€12,991
up €12,991 (+163%), from €7,980 to €20,971
mainly Net result for the year (+€49,907) and Receivables within one year (+€12,863)
- Receivables within one year -€12,863
down €12,863 (-27.0%), from €47,679 to €34,816
of which Trade receivables: -€10,559
- Tangible fixed assets -€8,452
down €8,452 (-7.3%), from €115,394 to €106,943
of which Land and buildings: -€4,833
- Deferred charges and accrued income -€3,486
down €3,486 (-87.4%), from €3,989 to €503
- Other debts -€10,707
down €10,707 (-14.9%), from €71,919 to €61,212
- Debts after one year -€2,048
down €2,048 (-65.9%), from €3,108 to €1,060
- Gross operating margin +€8,483
up €8,483 (+12.7%), from €66,598 to €75,082
- Taxes +€1,567
up €1,567 (+13.5%), from €11,606 to €13,174
- Depreciation +€1,065
up €1,065 (+14.4%), from €7,387 to €8,452
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 | €175,044 | €163,233 | -€11,810 | -6.7% |
| Fixed assets | 21/28 | €115,394 | €106,943 | -€8,452 | -7.3% |
| Tangible fixed assets | 22/27 | €115,394 | €106,943 | -€8,452 | -7.3% |
| Land and buildings | 22 | €104,075 | €99,242 | -€4,833 | -4.6% |
| Plant, machinery and equipment | 23 | €2,938 | €1,838 | -€1,100 | -37.4% |
| Furniture and vehicles | 24 | €8,237 | €5,863 | -€2,374 | -28.8% |
| Other tangible fixed assets | 26 | €145 | €0 | -€145 | -100% |
| Current assets | 29/58 | €59,649 | €56,291 | -€3,358 | -5.6% |
| Amounts receivable within one year | 40/41 | €47,679 | €34,816 | -€12,863 | -27.0% |
| Trade receivables | 40 | €45,375 | €34,816 | -€10,559 | -23.3% |
| Other amounts receivable | 41 | €2,304 | €0 | -€2,304 | -100% |
| Cash at bank and in hand | 54/58 | €7,980 | €20,971 | +€12,991 | +163% |
| Deferred charges and accrued income | 490/1 | €3,989 | €503 | -€3,486 | -87.4% |
| Total equity and liabilities | 10/49 | €175,044 | €163,233 | -€11,810 | -6.7% |
| Equity | 10/15 | €78,514 | €78,514 | = | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €72,314 | €72,314 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €72,314 | €72,314 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €96,530 | €84,719 | -€11,810 | -12.2% |
| Amounts payable after more than one year | 17 | €3,108 | €1,060 | -€2,048 | -65.9% |
| Financial debts | 170/4 | €3,108 | €1,060 | -€2,048 | -65.9% |
| Amounts payable within one year | 42/48 | €93,422 | €83,659 | -€9,762 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €1,955 | €2,048 | +€93 | +4.8% |
| Financial debts | 43 | €3,418 | €3,407 | -€11 | -0.3% |
| Credit institutions | 430/8 | €3,418 | €3,407 | -€11 | -0.3% |
| Trade debts | 44 | €3,055 | €2,543 | -€512 | -16.8% |
| Suppliers | 440/4 | €3,055 | €2,543 | -€512 | -16.8% |
| Taxes, remuneration and social security | 45 | €13,075 | €14,449 | +€1,374 | +10.5% |
| Taxes | 450/3 | €13,075 | €14,449 | +€1,374 | +10.5% |
| Other amounts payable | 47/48 | €71,919 | €61,212 | -€10,707 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,387 | €8,452 | +€1,065 | +14.4% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €66,598 | €75,082 | +€8,483 | +12.7% |
| Operating profit (loss) | 9901 | €58,642 | €66,044 | +€7,402 | +12.6% |
| Financial income | 75/76B | €20 | €1 | -€19 | -95.0% |
| Recurring financial income | 75 | €20 | €1 | -€19 | -95.0% |
| Financial charges | 65/66B | €3,174 | €2,964 | -€209 | -6.6% |
| Recurring financial charges | 65 | €3,174 | €2,964 | -€209 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €55,489 | €63,081 | +€7,592 | +13.7% |
| Income taxes | 67/77 | €11,606 | €13,174 | +€1,567 | +13.5% |
| Profit (loss) for the period | 9904 | €43,882 | €49,907 | +€6,025 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,882 | €49,907 | +€6,025 | +13.7% |
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 15 October 2026 via checked.be.