HUE !: 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.
HUE !
Largest movements
- Tangible fixed assets -€18,626
down €18,626 (-6.0%), from €309,641 to €291,015
of which Land and buildings: -€12,824
- Cash +€9,709
up €9,709 (+93.3%), from €10,409 to €20,117
mainly Debts after one year (+€41,221) and Depreciation (+€35,161)
- Trade debts -€89,897
down €89,897 (-90.1%), from €99,818 to €9,920
- Debts after one year +€41,221
up €41,221 (+238.7%), from €17,272 to €58,493
- Other debts +€20,314
up €20,314 (+101.7%), from €19,981 to €40,294
- Current portion of long-term debt +€13,022
up €13,022 (+102.6%), from €12,698 to €25,720
- Profit (loss) carried forward +€11,594
up €11,594 (+7.9%), from €147,632 to €159,226
- Gross operating margin +€17,340
up €17,340 (+47.1%), from €36,816 to €54,156
- Taxes +€4,347
new in 2025: €4,347
- Depreciation -€2,120
down €2,120 (-5.7%), from €37,281 to €35,161
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
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 | €331,374 | €323,185 | -€8,190 | -2.5% |
| Fixed assets | 21/28 | €309,766 | €291,140 | -€18,626 | -6.0% |
| Tangible fixed assets | 22/27 | €309,641 | €291,015 | -€18,626 | -6.0% |
| Land and buildings | 22 | €290,264 | €277,440 | -€12,824 | -4.4% |
| Plant, machinery and equipment | 23 | €18,007 | €8,945 | -€9,062 | -50.3% |
| Furniture and vehicles | 24 | €1,371 | €4,630 | +€3,259 | +237.8% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €21,608 | €32,045 | +€10,437 | +48.3% |
| Amounts receivable within one year | 40/41 | €11,079 | €11,927 | +€848 | +7.7% |
| Trade receivables | 40 | €1,508 | €2,055 | +€547 | +36.3% |
| Other amounts receivable | 41 | €9,571 | €9,872 | +€301 | +3.1% |
| Cash at bank and in hand | 54/58 | €10,409 | €20,117 | +€9,709 | +93.3% |
| Deferred charges and accrued income | 490/1 | €120 | - | -€120 | |
| Total equity and liabilities | 10/49 | €331,374 | €323,185 | -€8,190 | -2.5% |
| Equity | 10/15 | €175,816 | €187,410 | +€11,594 | +6.6% |
| Contributions | 10/11 | €6,324 | €6,324 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,632 | €159,226 | +€11,594 | +7.9% |
| Amounts payable | 17/49 | €155,558 | €135,775 | -€19,783 | -12.7% |
| Amounts payable after more than one year | 17 | €17,272 | €58,493 | +€41,221 | +238.7% |
| Financial debts | 170/4 | €17,272 | €58,493 | +€41,221 | +238.7% |
| Amounts payable within one year | 42/48 | €138,286 | €77,282 | -€61,005 | -44.1% |
| Current portion of amounts payable after more than one year | 42 | €12,698 | €25,720 | +€13,022 | +102.6% |
| Trade debts | 44 | €99,818 | €9,920 | -€89,897 | -90.1% |
| Suppliers | 440/4 | €99,818 | €9,920 | -€89,897 | -90.1% |
| Taxes, remuneration and social security | 45 | €5,790 | €1,347 | -€4,443 | -76.7% |
| Taxes | 450/3 | €5,790 | €1,347 | -€4,443 | -76.7% |
| Other amounts payable | 47/48 | €19,981 | €40,294 | +€20,314 | +101.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,281 | €35,161 | -€2,120 | -5.7% |
| Other operating charges | 640/8 | - | €411 | +€411 | |
| Gross operating margin | 9900 | €36,816 | €54,156 | +€17,340 | +47.1% |
| Operating profit (loss) | 9901 | -€465 | €18,584 | +€19,049 | |
| Financial income | 75/76B | €5 | €512 | +€507 | +10143.2% |
| Recurring financial income | 75 | €5 | €512 | +€507 | +10143.2% |
| Non-recurring financial income | 76B | €5 | - | -€5 | |
| Financial charges | 65/66B | €3,654 | €3,155 | -€499 | -13.6% |
| Recurring financial charges | 65 | €3,654 | €3,155 | -€499 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,114 | €15,941 | +€20,054 | |
| Income taxes | 67/77 | - | €4,347 | +€4,347 | |
| Profit (loss) for the period | 9904 | -€4,114 | €11,594 | +€15,707 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,114 | €11,594 | +€15,707 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.