HUGO LIVE: 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 LIVE
Largest movements
- Receivables within one year +€7,392
up €7,392 (+53.9%), from €13,723 to €21,115
of which Trade receivables: +€11,990
- Cash -€6,474
down €6,474 (-87.3%), from €7,412 to €938
mainly Receivables within one year (-€7,392) and Trade debts (-€1,839)
- Tangible fixed assets -€773
no longer reported in 2025 (was €773)
- Trade debts -€1,839
down €1,839 (-49.2%), from €3,738 to €1,899
- Profit (loss) carried forward +€1,355
up €1,355 (+12.3%), from €11,047 to €12,402
- Tax, wage and social debts +€597
up €597 (+14.5%), from €4,121 to €4,718
- Gross operating margin -€3,565
down €3,565 (-53.1%), from €6,713 to €3,148
- Taxes -€2,073
down €2,073, from €1,194 to -€879
- Other operating charges +€1,836
new in 2025: €1,836
- Depreciation -€566
down €566 (-42.3%), from €1,339 to €773
- Financial income +€131
new in 2025: €131
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 | €21,908 | €22,052 | +€144 | +0.7% |
| Fixed assets | 21/28 | €773 | - | -€773 | |
| Tangible fixed assets | 22/27 | €773 | - | -€773 | |
| Plant, machinery and equipment | 23 | €773 | - | -€773 | |
| Current assets | 29/58 | €21,135 | €22,052 | +€917 | +4.3% |
| Amounts receivable within one year | 40/41 | €13,723 | €21,115 | +€7,392 | +53.9% |
| Trade receivables | 40 | €8,022 | €20,012 | +€11,990 | +149% |
| Other amounts receivable | 41 | €5,701 | €1,103 | -€4,598 | -80.7% |
| Cash at bank and in hand | 54/58 | €7,412 | €938 | -€6,474 | -87.3% |
| Total equity and liabilities | 10/49 | €21,908 | €22,052 | +€144 | +0.7% |
| Equity | 10/15 | €14,047 | €15,402 | +€1,355 | +9.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,047 | €12,402 | +€1,355 | +12.3% |
| Amounts payable | 17/49 | €7,861 | €6,650 | -€1,211 | -15.4% |
| Amounts payable within one year | 42/48 | €7,861 | €6,650 | -€1,211 | -15.4% |
| Financial debts | 43 | €2 | €33 | +€31 | +1,558% |
| Credit institutions | 430/8 | €2 | €33 | +€31 | +1,558% |
| Trade debts | 44 | €3,738 | €1,899 | -€1,839 | -49.2% |
| Suppliers | 440/4 | €3,738 | €1,899 | -€1,839 | -49.2% |
| Taxes, remuneration and social security | 45 | €4,121 | €4,718 | +€597 | +14.5% |
| Taxes | 450/3 | €4,121 | €4,718 | +€597 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,339 | €773 | -€566 | -42.3% |
| Other operating charges | 640/8 | - | €1,836 | +€1,836 | |
| Gross operating margin | 9900 | €6,713 | €3,148 | -€3,565 | -53.1% |
| Operating profit (loss) | 9901 | €5,374 | €539 | -€4,835 | -90.0% |
| Financial income | 75/76B | - | €131 | +€131 | |
| Recurring financial income | 75 | - | €131 | +€131 | |
| Financial charges | 65/66B | €166 | €194 | +€28 | +17.1% |
| Recurring financial charges | 65 | €166 | €194 | +€28 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €5,208 | €476 | -€4,732 | -90.9% |
| Income taxes | 67/77 | €1,194 | -€879 | -€2,073 | |
| Profit (loss) for the period | 9904 | €4,014 | €1,355 | -€2,659 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,014 | €1,355 | -€2,659 | -66.2% |
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 20 October 2026 via checked.be.