HUGEM: 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.
HUGEM
Largest movements
- Cash -€1,801
down €1,801 (-20.2%), from €8,919 to €7,118
mainly Net result for the year (-€2,611) and Deferred charges and accrued income (-€21)
- Reserves -€2,611
down €2,611 (-1.7%), from €150,518 to €147,908
- Gross operating margin +€660
up €660 (+72.9%), from -€905 to -€246
- Other operating charges +€46
up €46 (+3.1%), from €1,474 to €1,519
- Financial income +€46
up €46 (+124.1%), from €37 to €82
- Financial charges +€42
up €42 (+61.7%), from €67 to €109
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 | €160,518 | €157,908 | -€2,611 | -1.6% |
| Fixed assets | 21/28 | €25,174 | €24,355 | -€819 | -3.3% |
| Tangible fixed assets | 22/27 | €25,155 | €24,336 | -€819 | -3.3% |
| Land and buildings | 22 | €25,155 | €24,336 | -€819 | -3.3% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €135,344 | €133,553 | -€1,791 | -1.3% |
| Amounts receivable within one year | 40/41 | €125,986 | €125,974 | -€12 | 0.0% |
| Other amounts receivable | 41 | €125,986 | €125,974 | -€12 | 0.0% |
| Cash at bank and in hand | 54/58 | €8,919 | €7,118 | -€1,801 | -20.2% |
| Deferred charges and accrued income | 490/1 | €440 | €462 | +€21 | +4.9% |
| Total equity and liabilities | 10/49 | €160,518 | €157,908 | -€2,611 | -1.6% |
| Equity | 10/15 | €160,518 | €157,908 | -€2,611 | -1.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €150,518 | €147,908 | -€2,611 | -1.7% |
| Distributable reserves | 133 | €150,518 | €147,908 | -€2,611 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €819 | €819 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,474 | €1,519 | +€46 | +3.1% |
| Gross operating margin | 9900 | -€905 | -€246 | +€660 | +72.9% |
| Operating profit (loss) | 9901 | -€3,198 | -€2,584 | +€614 | +19.2% |
| Financial income | 75/76B | €37 | €82 | +€46 | +124.1% |
| Recurring financial income | 75 | €37 | €82 | +€46 | +124.1% |
| Financial charges | 65/66B | €67 | €109 | +€42 | +61.7% |
| Recurring financial charges | 65 | €67 | €109 | +€42 | +61.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,229 | -€2,611 | +€618 | +19.1% |
| Profit (loss) for the period | 9904 | -€3,229 | -€2,611 | +€618 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,229 | -€2,611 | +€618 | +19.1% |
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 3 October 2026 via checked.be.