HuGe: what changed
HuGe
Largest movements
- Tangible fixed assets +€73,228
up €73,228 (+367%), from €19,953 to €93,181
of which Furniture and vehicles: +€72,657
- Cash +€23,716
up €23,716 (+90.5%), from €26,207 to €49,924
mainly Net result for the year (+€51,544) and Debts after one year (+€41,915)
- Profit (loss) carried forward +€51,544
up €51,544 (+266%), from €19,361 to €70,905
- Debts after one year +€41,915
up €41,915 (+311%), from €13,496 to €55,411
- Advances received -€6,642
no longer reported in 2025 (was €6,642)
- Current portion of long-term debt +€6,378
up €6,378 (+104%), from €6,145 to €12,523
- Tax, wage and social debts +€5,870
up €5,870 (+179%), from €3,286 to €9,156
- Gross operating margin +€54,391
up €54,391 (+215%), from €25,300 to €79,691
- Taxes +€9,009
up €9,009 (+276%), from €3,270 to €12,279
- Depreciation +€3,879
up €3,879 (+59.9%), from €6,473 to €10,352
- Other operating charges +€3,514
up €3,514 (+782%), from €450 to €3,963
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €117,079 | €215,544 | +€98,464 | +84.1% |
| Fixed assets | 21/28 | €23,553 | €96,781 | +€73,228 | +311% |
| Tangible fixed assets | 22/27 | €19,953 | €93,181 | +€73,228 | +367% |
| Plant, machinery and equipment | 23 | €1,585 | €2,156 | +€571 | +36.0% |
| Furniture and vehicles | 24 | €18,368 | €91,024 | +€72,657 | +396% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €93,526 | €118,763 | +€25,236 | +27.0% |
| Stocks and contracts in progress | 3 | €3,017 | €4,833 | +€1,815 | +60.2% |
| Stocks | 30/36 | €3,017 | €4,833 | +€1,815 | +60.2% |
| Amounts receivable within one year | 40/41 | €64,302 | €64,007 | -€296 | -0.5% |
| Trade receivables | 40 | €63,934 | €47,090 | -€16,844 | -26.3% |
| Other amounts receivable | 41 | €368 | €16,917 | +€16,549 | +4,492% |
| Cash at bank and in hand | 54/58 | €26,207 | €49,924 | +€23,716 | +90.5% |
| Total equity and liabilities | 10/49 | €117,079 | €215,544 | +€98,464 | +84.1% |
| Equity | 10/15 | €22,361 | €73,905 | +€51,544 | +231% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,361 | €70,905 | +€51,544 | +266% |
| Amounts payable | 17/49 | €94,719 | €141,639 | +€46,920 | +49.5% |
| Amounts payable after more than one year | 17 | €13,496 | €55,411 | +€41,915 | +311% |
| Financial debts | 170/4 | €13,496 | €55,411 | +€41,915 | +311% |
| Amounts payable within one year | 42/48 | €81,222 | €86,228 | +€5,006 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €6,145 | €12,523 | +€6,378 | +104% |
| Trade debts | 44 | €51,127 | €45,390 | -€5,737 | -11.2% |
| Suppliers | 440/4 | €51,127 | €45,390 | -€5,737 | -11.2% |
| Advances received on contracts in progress | 46 | €6,642 | - | -€6,642 | |
| Taxes, remuneration and social security | 45 | €3,286 | €9,156 | +€5,870 | +179% |
| Taxes | 450/3 | €3,286 | €9,156 | +€5,870 | +179% |
| Other amounts payable | 47/48 | €14,023 | €19,160 | +€5,137 | +36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,473 | €10,352 | +€3,879 | +59.9% |
| Other operating charges | 640/8 | €450 | €3,963 | +€3,514 | +782% |
| Gross operating margin | 9900 | €25,300 | €79,691 | +€54,391 | +215% |
| Operating profit (loss) | 9901 | €18,377 | €65,375 | +€46,998 | +256% |
| Financial income | 75/76B | - | €33 | +€33 | |
| Recurring financial income | 75 | - | €33 | +€33 | |
| Financial charges | 65/66B | €1,087 | €1,586 | +€498 | +45.8% |
| Recurring financial charges | 65 | €1,087 | €1,586 | +€498 | +45.8% |
| Profit (loss) for the period before taxes | 9903 | €17,290 | €63,823 | +€46,533 | +269% |
| Income taxes | 67/77 | €3,270 | €12,279 | +€9,009 | +276% |
| Profit (loss) for the period | 9904 | €14,020 | €51,544 | +€37,524 | +268% |
| Profit (loss) for the period to be appropriated | 9905 | €14,020 | €51,544 | +€37,524 | +268% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.