Hugi: 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.
Hugi
Largest movements
- Tangible fixed assets +€50,138
up €50,138 (+21.1%), from €237,900 to €288,037
of which Furniture and vehicles: +€55,532
- Deferred charges and accrued income +€4,924
new in 2025: €4,924
- Receivables within one year +€3,281
up €3,281 (+391%), from €839 to €4,120
of which Other amounts receivable: +€4,120
- Debts after one year +€58,174
up €58,174 (+50.1%), from €116,088 to €174,262
- Profit (loss) carried forward -€8,686
down €8,686 (-32.4%), from -€26,801 to -€35,487
- Tax, wage and social debts +€5,652
up €5,652 (+480%), from €1,179 to €6,831
- Depreciation +€7,893
up €7,893 (+376%), from €2,098 to €9,991
- Financial charges +€6,595
up €6,595 (+290%), from €2,275 to €8,869
- Other operating charges +€2,310
up €2,310 (+278%), from €831 to €3,141
- Gross operating margin +€1,007
up €1,007 (+8.2%), from €12,325 to €13,331
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 | €244,105 | €302,084 | +€57,979 | +23.8% |
| Formation expenses | 20 | €3,928 | €2,963 | -€965 | -24.6% |
| Fixed assets | 21/28 | €237,900 | €288,037 | +€50,138 | +21.1% |
| Tangible fixed assets | 22/27 | €237,900 | €288,037 | +€50,138 | +21.1% |
| Land and buildings | 22 | €234,761 | €228,708 | -€6,053 | -2.6% |
| Furniture and vehicles | 24 | €3,139 | €58,670 | +€55,532 | +1,769% |
| Other tangible fixed assets | 26 | - | €659 | +€659 | |
| Current assets | 29/58 | €2,278 | €11,084 | +€8,806 | +387% |
| Amounts receivable within one year | 40/41 | €839 | €4,120 | +€3,281 | +391% |
| Trade receivables | 40 | €839 | €0 | -€839 | -100% |
| Other amounts receivable | 41 | - | €4,120 | +€4,120 | |
| Cash at bank and in hand | 54/58 | €1,439 | €2,040 | +€601 | +41.8% |
| Deferred charges and accrued income | 490/1 | - | €4,924 | +€4,924 | |
| Total equity and liabilities | 10/49 | €244,105 | €302,084 | +€57,979 | +23.8% |
| Equity | 10/15 | €118,199 | €109,513 | -€8,686 | -7.3% |
| Contributions | 10/11 | €145,000 | €145,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,801 | -€35,487 | -€8,686 | -32.4% |
| Amounts payable | 17/49 | €125,906 | €192,571 | +€66,665 | +52.9% |
| Amounts payable after more than one year | 17 | €116,088 | €174,262 | +€58,174 | +50.1% |
| Other amounts payable | 178/9 | €116,088 | €174,262 | +€58,174 | +50.1% |
| Amounts payable within one year | 42/48 | €9,818 | €18,309 | +€8,491 | +86.5% |
| Trade debts | 44 | €267 | €2,920 | +€2,652 | +992% |
| Suppliers | 440/4 | €267 | €2,920 | +€2,652 | +992% |
| Taxes, remuneration and social security | 45 | €1,179 | €6,831 | +€5,652 | +480% |
| Taxes | 450/3 | €1,179 | €6,831 | +€5,652 | +480% |
| Other amounts payable | 47/48 | €8,372 | €8,558 | +€187 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,098 | €9,991 | +€7,893 | +376% |
| Other operating charges | 640/8 | €831 | €3,141 | +€2,310 | +278% |
| Non-recurring operating charges | 66A | €33,921 | €0 | -€33,921 | -100% |
| Gross operating margin | 9900 | €12,325 | €13,331 | +€1,007 | +8.2% |
| Operating profit (loss) | 9901 | -€24,526 | €199 | +€24,724 | |
| Financial charges | 65/66B | €2,275 | €8,869 | +€6,595 | +290% |
| Recurring financial charges | 65 | €2,275 | €8,869 | +€6,595 | +290% |
| Profit (loss) for the period before taxes | 9903 | -€26,801 | -€8,671 | +€18,130 | +67.6% |
| Income taxes | 67/77 | - | €15 | +€15 | |
| Profit (loss) for the period | 9904 | -€26,801 | -€8,686 | +€18,115 | +67.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,801 | -€8,686 | +€18,115 | +67.6% |
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 14 October 2026 via checked.be.