HUGO CS: 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.
HUGO CS
Largest movements
- Cash -€35,503
down €35,503 (-13.4%), from €264,836 to €229,333
mainly Contributions, distributions and other (-€95,340) and Receivables within one year (-€15,028)
- Receivables within one year +€15,028
up €15,028 (+45.4%), from €33,088 to €48,116
of which Trade receivables: +€21,297
- Profit (loss) carried forward -€82,575
no longer reported in 2025 (was €82,575)
- Other debts +€34,975
up €34,975 (+36.6%), from €95,600 to €130,575
- Trade debts +€22,343
up €22,343 (+995%), from €2,246 to €24,589
- Tax, wage and social debts +€5,442
up €5,442 (+94.3%), from €5,772 to €11,215
- Gross operating margin -€252,571
down €252,571 (-92.6%), from €272,788 to €20,217
- Taxes -€58,428
down €58,428 (-91.4%), from €63,899 to €5,471
- Other operating charges -€20,864
no longer reported in 2025 (was €20,864)
- Financial income +€6,703
up €6,703 (+327%), from €2,051 to €8,753
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 | €312,960 | €292,570 | -€20,390 | -6.5% |
| Fixed assets | 21/28 | €15,037 | €15,121 | +€85 | +0.6% |
| Tangible fixed assets | 22/27 | €15,037 | €15,121 | +€85 | +0.6% |
| Furniture and vehicles | 24 | €15,037 | €15,121 | +€85 | +0.6% |
| Current assets | 29/58 | €297,924 | €277,449 | -€20,475 | -6.9% |
| Amounts receivable within one year | 40/41 | €33,088 | €48,116 | +€15,028 | +45.4% |
| Trade receivables | 40 | €16,413 | €37,710 | +€21,297 | +130% |
| Other amounts receivable | 41 | €16,675 | €10,406 | -€6,269 | -37.6% |
| Cash at bank and in hand | 54/58 | €264,836 | €229,333 | -€35,503 | -13.4% |
| Total equity and liabilities | 10/49 | €312,960 | €292,570 | -€20,390 | -6.5% |
| Equity | 10/15 | €208,766 | €126,192 | -€82,575 | -39.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €107,592 | €107,592 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,737 | €1,737 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,737 | €1,737 | = | 0.0% |
| Distributable reserves | 133 | €105,855 | €105,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,575 | - | -€82,575 | |
| Amounts payable | 17/49 | €104,194 | €166,379 | +€62,185 | +59.7% |
| Amounts payable within one year | 42/48 | €104,194 | €166,379 | +€62,185 | +59.7% |
| Financial debts | 43 | €575 | - | -€575 | |
| Credit institutions | 430/8 | €575 | - | -€575 | |
| Trade debts | 44 | €2,246 | €24,589 | +€22,343 | +995% |
| Suppliers | 440/4 | €2,246 | €24,589 | +€22,343 | +995% |
| Taxes, remuneration and social security | 45 | €5,772 | €11,215 | +€5,442 | +94.3% |
| Taxes | 450/3 | €5,772 | €11,215 | +€5,442 | +94.3% |
| Other amounts payable | 47/48 | €95,600 | €130,575 | +€34,975 | +36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,378 | €2,936 | +€1,558 | +113% |
| Other operating charges | 640/8 | €20,864 | - | -€20,864 | |
| Gross operating margin | 9900 | €272,788 | €20,217 | -€252,571 | -92.6% |
| Operating profit (loss) | 9901 | €250,546 | €17,281 | -€233,265 | -93.1% |
| Financial income | 75/76B | €2,051 | €8,753 | +€6,703 | +327% |
| Recurring financial income | 75 | €2,051 | €8,753 | +€6,703 | +327% |
| Financial charges | 65/66B | €10,523 | €7,797 | -€2,726 | -25.9% |
| Recurring financial charges | 65 | €10,523 | €7,797 | -€2,726 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €242,074 | €18,237 | -€223,837 | -92.5% |
| Income taxes | 67/77 | €63,899 | €5,471 | -€58,428 | -91.4% |
| Profit (loss) for the period | 9904 | €178,175 | €12,766 | -€165,409 | -92.8% |
| Profit (loss) for the period to be appropriated | 9905 | €178,175 | €12,766 | -€165,409 | -92.8% |
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 25 October 2026 via checked.be.