HUGGGY: 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.
HUGGGY
Largest movements
- Receivables within one year +€39,383
up €39,383 (+200%), from €19,657 to €59,040
of which Trade receivables: +€41,216
- Deferred charges and accrued income -€1,879
down €1,879 (-71.9%), from €2,613 to €734
- Cash -€1,642
down €1,642 (-25.0%), from €6,557 to €4,915
mainly Receivables within one year (-€39,383) and Trade debts (-€6,105)
- Tangible fixed assets -€1,481
down €1,481 (-10.0%), from €14,809 to €13,328
of which Other tangible fixed assets: -€3,171
- Profit (loss) carried forward +€36,731
up €36,731 (+56.8%), from -€64,644 to -€27,913
- Trade debts -€6,105
down €6,105 (-15.2%), from €40,102 to €33,997
- Accrued charges and deferred income +€5,156
new in 2025: €5,156
- Current portion of long-term debt -€3,771
down €3,771 (-49.1%), from €7,687 to €3,916
- Debts after one year +€3,251
up €3,251 (+14.2%), from €22,916 to €26,167
- Gross operating margin +€34,668
up €34,668 (+31.1%), from €111,552 to €146,220
- Staff costs -€27,743
down €27,743 (-21.1%), from €131,313 to €103,570
- Other operating charges -€3,149
down €3,149 (-76.8%), from €4,099 to €950
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 | €48,636 | €83,017 | +€34,381 | +70.7% |
| Fixed assets | 21/28 | €19,809 | €18,328 | -€1,481 | -7.5% |
| Tangible fixed assets | 22/27 | €14,809 | €13,328 | -€1,481 | -10.0% |
| Furniture and vehicles | 24 | €842 | €2,533 | +€1,690 | +201% |
| Other tangible fixed assets | 26 | €13,966 | €10,795 | -€3,171 | -22.7% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €28,827 | €64,688 | +€35,861 | +124% |
| Amounts receivable within one year | 40/41 | €19,657 | €59,040 | +€39,383 | +200% |
| Trade receivables | 40 | €17,824 | €59,040 | +€41,216 | +231% |
| Other amounts receivable | 41 | €1,833 | - | -€1,833 | |
| Cash at bank and in hand | 54/58 | €6,557 | €4,915 | -€1,642 | -25.0% |
| Deferred charges and accrued income | 490/1 | €2,613 | €734 | -€1,879 | -71.9% |
| Total equity and liabilities | 10/49 | €48,636 | €83,017 | +€34,381 | +70.7% |
| Equity | 10/15 | -€56,584 | -€19,853 | +€36,731 | +64.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,644 | -€27,913 | +€36,731 | +56.8% |
| Amounts payable | 17/49 | €105,220 | €102,870 | -€2,350 | -2.2% |
| Amounts payable after more than one year | 17 | €22,916 | €26,167 | +€3,251 | +14.2% |
| Financial debts | 170/4 | €22,916 | €26,167 | +€3,251 | +14.2% |
| Amounts payable within one year | 42/48 | €82,304 | €71,547 | -€10,757 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €7,687 | €3,916 | -€3,771 | -49.1% |
| Financial debts | 43 | €1,289 | €1,783 | +€493 | +38.3% |
| Credit institutions | 430/8 | €1,289 | €1,783 | +€493 | +38.3% |
| Trade debts | 44 | €40,102 | €33,997 | -€6,105 | -15.2% |
| Suppliers | 440/4 | €40,102 | €33,997 | -€6,105 | -15.2% |
| Taxes, remuneration and social security | 45 | €33,178 | €31,804 | -€1,374 | -4.1% |
| Taxes | 450/3 | €5,017 | €6,354 | +€1,337 | +26.6% |
| Remuneration and social security | 454/9 | €28,161 | €25,450 | -€2,711 | -9.6% |
| Other amounts payable | 47/48 | €48 | €48 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €5,156 | +€5,156 | |
| Remuneration, social security and pensions | 62 | €131,313 | €103,570 | -€27,743 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,789 | €4,046 | +€257 | +6.8% |
| Other operating charges | 640/8 | €4,099 | €950 | -€3,149 | -76.8% |
| Gross operating margin | 9900 | €111,552 | €146,220 | +€34,668 | +31.1% |
| Operating profit (loss) | 9901 | -€27,648 | €37,654 | +€65,302 | |
| Financial income | 75/76B | €833 | €12 | -€820 | -98.5% |
| Recurring financial income | 75 | €833 | €12 | -€820 | -98.5% |
| Financial charges | 65/66B | €803 | €748 | -€56 | -6.9% |
| Recurring financial charges | 65 | €803 | €748 | -€56 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€27,619 | €36,918 | +€64,537 | |
| Income taxes | 67/77 | €194 | €187 | -€6 | -3.2% |
| Profit (loss) for the period | 9904 | -€27,813 | €36,731 | +€64,543 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,813 | €36,731 | +€64,543 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.