HUGELIER & PARTNERS: 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.
HUGELIER & PARTNERS
Largest movements
- Tangible fixed assets -€34,526
down €34,526 (-5.2%), from €666,904 to €632,378
of which Land and buildings: -€33,125
- Receivables within one year +€24,268
up €24,268 (+37.2%), from €65,176 to €89,444
- Debts after one year -€115,590
down €115,590 (-25.4%), from €455,947 to €340,356
- Reserves +€108,259
up €108,259 (+26.0%), from €416,840 to €525,099
- Gross operating margin -€16,937
down €16,937 (-7.4%), from €230,340 to €213,403
- Financial charges -€12,094
down €12,094 (-51.2%), from €23,627 to €11,533
- Taxes -€2,648
down €2,648 (-4.6%), from €57,889 to €55,242
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 | €1,309,303 | €1,303,681 | -€5,622 | -0.4% |
| Fixed assets | 21/28 | €1,216,904 | €1,182,378 | -€34,526 | -2.8% |
| Tangible fixed assets | 22/27 | €666,904 | €632,378 | -€34,526 | -5.2% |
| Land and buildings | 22 | €662,590 | €629,466 | -€33,125 | -5.0% |
| Furniture and vehicles | 24 | €4,314 | €2,913 | -€1,401 | -32.5% |
| Financial fixed assets | 28 | €550,000 | €550,000 | = | 0.0% |
| Current assets | 29/58 | €92,399 | €121,303 | +€28,904 | +31.3% |
| Amounts receivable within one year | 40/41 | €65,176 | €89,444 | +€24,268 | +37.2% |
| Trade receivables | 40 | €65,176 | €89,444 | +€24,268 | +37.2% |
| Cash at bank and in hand | 54/58 | €24,485 | €28,756 | +€4,270 | +17.4% |
| Deferred charges and accrued income | 490/1 | €2,737 | €3,103 | +€365 | +13.4% |
| Total equity and liabilities | 10/49 | €1,309,303 | €1,303,681 | -€5,622 | -0.4% |
| Equity | 10/15 | €436,840 | €545,099 | +€108,259 | +24.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €416,840 | €525,099 | +€108,259 | +26.0% |
| Distributable reserves | 133 | €416,840 | €525,099 | +€108,259 | +26.0% |
| Amounts payable | 17/49 | €872,464 | €758,582 | -€113,881 | -13.1% |
| Amounts payable after more than one year | 17 | €455,947 | €340,356 | -€115,590 | -25.4% |
| Financial debts | 170/4 | €455,947 | €340,356 | -€115,590 | -25.4% |
| Amounts payable within one year | 42/48 | €415,791 | €417,477 | +€1,686 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €121,891 | €115,590 | -€6,301 | -5.2% |
| Financial debts | 43 | €27,070 | €20,149 | -€6,920 | -25.6% |
| Credit institutions | 430/8 | €27,070 | €20,149 | -€6,920 | -25.6% |
| Trade debts | 44 | €1,902 | €3,559 | +€1,657 | +87.1% |
| Suppliers | 440/4 | €1,902 | €3,559 | +€1,657 | +87.1% |
| Taxes, remuneration and social security | 45 | €23,235 | €30,195 | +€6,960 | +30.0% |
| Taxes | 450/3 | €23,235 | €30,195 | +€6,960 | +30.0% |
| Other amounts payable | 47/48 | €241,694 | €247,984 | +€6,290 | +2.6% |
| Accrued charges and deferred income | 492/3 | €726 | €749 | +€23 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,776 | €35,281 | -€494 | -1.4% |
| Other operating charges | 640/8 | €1,953 | €3,088 | +€1,135 | +58.1% |
| Gross operating margin | 9900 | €230,340 | €213,403 | -€16,937 | -7.4% |
| Operating profit (loss) | 9901 | €192,611 | €175,033 | -€17,578 | -9.1% |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.0% |
| Financial charges | 65/66B | €23,627 | €11,533 | -€12,094 | -51.2% |
| Recurring financial charges | 65 | €23,627 | €11,533 | -€12,094 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €168,987 | €163,501 | -€5,486 | -3.2% |
| Income taxes | 67/77 | €57,889 | €55,242 | -€2,648 | -4.6% |
| Profit (loss) for the period | 9904 | €111,098 | €108,259 | -€2,839 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €111,098 | €108,259 | -€2,839 | -2.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.