Hugo Kitchen: 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.
Hugo Kitchen
Largest movements
- Tangible fixed assets -€3,333
down €3,333 (-60.2%), from €5,535 to €2,202
- Receivables within one year -€2,982
down €2,982 (-74.3%), from €4,016 to €1,034
of which Other amounts receivable: -€2,582
- Cash -€461
down €461 (-53.5%), from €861 to €400
mainly Net result for the year (-€5,416) and Debts after one year (-€2,420)
- Formation expenses -€421
down €421 (-30.2%), from €1,392 to €971
- Profit (loss) carried forward -€5,416
down €5,416 (-389.8%), from -€1,389 to -€6,805
- Debts after one year -€2,420
down €2,420 (-36.4%), from €6,655 to €4,235
- Trade debts +€350
up €350 (+34.1%), from €1,027 to €1,377
- Other debts +€284
new in 2025: €284
- Gross operating margin +€3,870
up €3,870 (+78.2%), from -€4,949 to -€1,079
- Financial charges -€478
down €478 (-50.2%), from €952 to €474
- Financial income -€275
no longer reported in 2025 (was €275)
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 | €11,874 | €4,678 | -€7,197 | -60.6% |
| Formation expenses | 20 | €1,392 | €971 | -€421 | -30.2% |
| Fixed assets | 21/28 | €5,535 | €2,202 | -€3,333 | -60.2% |
| Tangible fixed assets | 22/27 | €5,535 | €2,202 | -€3,333 | -60.2% |
| Furniture and vehicles | 24 | €5,535 | €2,202 | -€3,333 | -60.2% |
| Current assets | 29/58 | €4,948 | €1,505 | -€3,443 | -69.6% |
| Amounts receivable within one year | 40/41 | €4,016 | €1,034 | -€2,982 | -74.3% |
| Trade receivables | 40 | €400 | - | -€400 | |
| Other amounts receivable | 41 | €3,616 | €1,034 | -€2,582 | -71.4% |
| Cash at bank and in hand | 54/58 | €861 | €400 | -€461 | -53.5% |
| Deferred charges and accrued income | 490/1 | €71 | €71 | = | 0.0% |
| Total equity and liabilities | 10/49 | €11,874 | €4,678 | -€7,197 | -60.6% |
| Equity | 10/15 | €1,611 | -€3,805 | -€5,416 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,389 | -€6,805 | -€5,416 | -389.8% |
| Amounts payable | 17/49 | €10,264 | €8,483 | -€1,781 | -17.4% |
| Amounts payable after more than one year | 17 | €6,655 | €4,235 | -€2,420 | -36.4% |
| Financial debts | 170/4 | €6,655 | €4,235 | -€2,420 | -36.4% |
| Amounts payable within one year | 42/48 | €3,609 | €4,248 | +€639 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €2,420 | €2,420 | = | 0.0% |
| Trade debts | 44 | €1,027 | €1,377 | +€350 | +34.1% |
| Suppliers | 440/4 | €1,027 | €1,377 | +€350 | +34.1% |
| Taxes, remuneration and social security | 45 | €162 | €167 | +€5 | +3.1% |
| Taxes | 450/3 | €162 | €167 | +€5 | +3.1% |
| Other amounts payable | 47/48 | - | €284 | +€284 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,754 | €3,754 | = | 0.0% |
| Other operating charges | 640/8 | €115 | €109 | -€6 | -5.1% |
| Gross operating margin | 9900 | -€4,949 | -€1,079 | +€3,870 | +78.2% |
| Operating profit (loss) | 9901 | -€8,818 | -€4,942 | +€3,876 | +44.0% |
| Financial income | 75/76B | €275 | - | -€275 | |
| Recurring financial income | 75 | €275 | - | -€275 | |
| Financial charges | 65/66B | €952 | €474 | -€478 | -50.2% |
| Recurring financial charges | 65 | €952 | €474 | -€478 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,495 | -€5,416 | +€4,079 | +43.0% |
| Profit (loss) for the period | 9904 | -€9,495 | -€5,416 | +€4,079 | +43.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,495 | -€5,416 | +€4,079 | +43.0% |
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 7 October 2026 via checked.be.