HUES: 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.
HUES
Largest movements
- Tangible fixed assets +€7,734
up €7,734 (+58.3%), from €13,270 to €21,004
of which Furniture and vehicles: +€10,732
- Current investments +€6,076
up €6,076 (+86.8%), from €7,000 to €13,076
- Cash -€5,278
down €5,278 (-25.0%), from €21,152 to €15,873
mainly Investment in fixed assets (net) (-€16,200) and Trade debts (-€8,307)
- Receivables within one year +€2,184
up €2,184 (+15.6%), from €14,016 to €16,200
of which Trade receivables: +€2,184
- Stocks and contracts +€915
up €915 (+4.7%), from €19,681 to €20,597
- Reserves +€19,972
up €19,972 (+309.0%), from €6,463 to €26,435
- Trade debts -€8,307
down €8,307 (-68.2%), from €12,180 to €3,874
- Tax, wage and social debts +€999
up €999 (+35.0%), from €2,854 to €3,853
- Gross operating margin +€19,051
up €19,051 (+97.4%), from €19,558 to €38,609
- Taxes +€5,443
up €5,443 (+149.9%), from €3,631 to €9,074
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 | €75,269 | €87,586 | +€12,317 | +16.4% |
| Fixed assets | 21/28 | €13,270 | €21,204 | +€7,934 | +59.8% |
| Tangible fixed assets | 22/27 | €13,270 | €21,004 | +€7,734 | +58.3% |
| Land and buildings | 22 | €7,043 | €5,275 | -€1,768 | -25.1% |
| Plant, machinery and equipment | 23 | €1,231 | €0 | -€1,231 | -100.0% |
| Furniture and vehicles | 24 | €4,997 | €15,729 | +€10,732 | +214.8% |
| Financial fixed assets | 28 | - | €200 | +€200 | |
| Current assets | 29/58 | €61,999 | €66,382 | +€4,383 | +7.1% |
| Stocks and contracts in progress | 3 | €19,681 | €20,597 | +€915 | +4.7% |
| Stocks | 30/36 | €19,681 | €20,597 | +€915 | +4.7% |
| Amounts receivable within one year | 40/41 | €14,016 | €16,200 | +€2,184 | +15.6% |
| Trade receivables | 40 | €11,647 | €13,831 | +€2,184 | +18.8% |
| Other amounts receivable | 41 | €2,369 | €2,369 | = | 0.0% |
| Current investments | 50/53 | €7,000 | €13,076 | +€6,076 | +86.8% |
| Cash at bank and in hand | 54/58 | €21,152 | €15,873 | -€5,278 | -25.0% |
| Deferred charges and accrued income | 490/1 | €150 | €637 | +€486 | +323.0% |
| Total equity and liabilities | 10/49 | €75,269 | €87,586 | +€12,317 | +16.4% |
| Equity | 10/15 | €9,857 | €29,830 | +€19,972 | +202.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €6,463 | €26,435 | +€19,972 | +309.0% |
| Distributable reserves | 133 | €6,463 | €26,435 | +€19,972 | +309.0% |
| Profit (loss) carried forward | 14 | €395 | €395 | = | 0.0% |
| Amounts payable | 17/49 | €65,412 | €57,756 | -€7,656 | -11.7% |
| Amounts payable within one year | 42/48 | €65,412 | €57,756 | -€7,656 | -11.7% |
| Trade debts | 44 | €12,180 | €3,874 | -€8,307 | -68.2% |
| Suppliers | 440/4 | €12,180 | €3,874 | -€8,307 | -68.2% |
| Taxes, remuneration and social security | 45 | €2,854 | €3,853 | +€999 | +35.0% |
| Taxes | 450/3 | €2,854 | €3,853 | +€999 | +35.0% |
| Other amounts payable | 47/48 | €50,378 | €50,030 | -€348 | -0.7% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,581 | €8,266 | -€314 | -3.7% |
| Other operating charges | 640/8 | €387 | €480 | +€92 | +23.9% |
| Gross operating margin | 9900 | €19,558 | €38,609 | +€19,051 | +97.4% |
| Operating profit (loss) | 9901 | €10,590 | €29,863 | +€19,273 | +182.0% |
| Financial charges | 65/66B | €496 | €817 | +€321 | +64.6% |
| Recurring financial charges | 65 | €496 | €817 | +€321 | +64.6% |
| Profit (loss) for the period before taxes | 9903 | €10,094 | €29,046 | +€18,952 | +187.8% |
| Income taxes | 67/77 | €3,631 | €9,074 | +€5,443 | +149.9% |
| Profit (loss) for the period | 9904 | €6,463 | €19,972 | +€13,510 | +209.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,463 | €19,972 | +€13,510 | +209.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.