HUGILO: 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.
HUGILO
Largest movements
- Tangible fixed assets -€65,891
down €65,891 (-29.6%), from €222,502 to €156,612
of which Plant, machinery and equipment: -€38,977
- Cash -€14,785
down €14,785 (-10.0%), from €148,068 to €133,283
mainly Debts after one year (-€69,433) and Other debts (-€30,000)
- Receivables within one year -€4,863
down €4,863 (-50.6%), from €9,614 to €4,751
of which Other amounts receivable: -€4,366
- Debts after one year -€69,433
down €69,433 (-48.5%), from €143,304 to €73,871
- Other debts -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Tax, wage and social debts +€11,257
up €11,257 (+34.9%), from €32,236 to €43,493
of which Taxes: +€5,931
- Trade debts +€5,285
up €5,285 (+15.8%), from €33,349 to €38,633
- Reserves +€5,000
up €5,000 (+8.1%), from €62,000 to €67,000
- Gross operating margin +€52,525
up €52,525 (+16.0%), from €327,638 to €380,164
- Staff costs +€35,663
up €35,663 (+16.6%), from €214,221 to €249,884
- Taxes +€9,500
up €9,500 (+172.0%), from €5,524 to €15,024
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 | €398,979 | €316,170 | -€82,810 | -20.8% |
| Formation expenses | 20 | €591 | €448 | -€144 | -24.3% |
| Fixed assets | 21/28 | €222,502 | €156,612 | -€65,891 | -29.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €222,502 | €156,612 | -€65,891 | -29.6% |
| Land and buildings | 22 | €29,638 | €22,167 | -€7,471 | -25.2% |
| Plant, machinery and equipment | 23 | €156,476 | €117,499 | -€38,977 | -24.9% |
| Furniture and vehicles | 24 | €36,389 | €16,946 | -€19,443 | -53.4% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €175,885 | €159,110 | -€16,775 | -9.5% |
| Stocks and contracts in progress | 3 | €17,443 | €20,477 | +€3,034 | +17.4% |
| Stocks | 30/36 | €17,443 | €20,477 | +€3,034 | +17.4% |
| Amounts receivable within one year | 40/41 | €9,614 | €4,751 | -€4,863 | -50.6% |
| Trade receivables | 40 | €5,248 | €4,751 | -€497 | -9.5% |
| Other amounts receivable | 41 | €4,366 | €0 | -€4,366 | -100.0% |
| Cash at bank and in hand | 54/58 | €148,068 | €133,283 | -€14,785 | -10.0% |
| Deferred charges and accrued income | 490/1 | €760 | €599 | -€161 | -21.2% |
| Total equity and liabilities | 10/49 | €398,979 | €316,170 | -€82,810 | -20.8% |
| Equity | 10/15 | €81,342 | €85,900 | +€4,558 | +5.6% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €62,000 | €67,000 | +€5,000 | +8.1% |
| Distributable reserves | 133 | €62,000 | €67,000 | +€5,000 | +8.1% |
| Profit (loss) carried forward | 14 | €592 | €150 | -€442 | -74.6% |
| Amounts payable | 17/49 | €317,637 | €230,269 | -€87,368 | -27.5% |
| Amounts payable after more than one year | 17 | €143,304 | €73,871 | -€69,433 | -48.5% |
| Financial debts | 170/4 | €143,304 | €73,871 | -€69,433 | -48.5% |
| Amounts payable within one year | 42/48 | €169,533 | €151,560 | -€17,974 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €73,949 | €69,433 | -€4,516 | -6.1% |
| Trade debts | 44 | €33,349 | €38,633 | +€5,285 | +15.8% |
| Suppliers | 440/4 | €33,349 | €38,633 | +€5,285 | +15.8% |
| Taxes, remuneration and social security | 45 | €32,236 | €43,493 | +€11,257 | +34.9% |
| Taxes | 450/3 | €5,065 | €10,996 | +€5,931 | +117.1% |
| Remuneration and social security | 454/9 | €27,171 | €32,497 | +€5,326 | +19.6% |
| Other amounts payable | 47/48 | €30,000 | €0 | -€30,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €4,800 | €4,839 | +€39 | +0.8% |
| Non-recurring operating income | 76A | €453 | - | -€453 | |
| Remuneration, social security and pensions | 62 | €214,221 | €249,884 | +€35,663 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,091 | €67,292 | +€1,201 | +1.8% |
| Other operating charges | 640/8 | €6,507 | €6,536 | +€28 | +0.4% |
| Gross operating margin | 9900 | €327,638 | €380,164 | +€52,525 | +16.0% |
| Operating profit (loss) | 9901 | €40,818 | €56,452 | +€15,634 | +38.3% |
| Financial income | 75/76B | €226 | €0 | -€226 | -100.0% |
| Recurring financial income | 75 | €226 | €0 | -€226 | -100.0% |
| Financial charges | 65/66B | €12,775 | €11,870 | -€905 | -7.1% |
| Recurring financial charges | 65 | €12,775 | €11,870 | -€905 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €28,268 | €44,582 | +€16,313 | +57.7% |
| Income taxes | 67/77 | €5,524 | €15,024 | +€9,500 | +172.0% |
| Profit (loss) for the period | 9904 | €22,745 | €29,558 | +€6,814 | +30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,745 | €29,558 | +€6,814 | +30.0% |
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 8 October 2026 via checked.be.