HUGO NEUMANN: 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.
What changed
HUGO NEUMANN
NACE 46.431, Wholesale of electrical household appliances and audio-video equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€26,998
2024 · -€322,661+€349,659
Equity
€1.1m
2024 · €1.1m+€26,998
Cash
-
2024 · €12,379-€12,379
Balance sheet total
€2.8m
2024 · €2.8m-€92,741
Largest movements
Assets
- Tangible fixed assets -€67,997
down €67,997 (-2.9%), from €2.4m to €2.3m
Equity and liabilities
- Advances received -€85,000
down €85,000 (-93.1%), from €91,335 to €6,335
- Debts after one year -€48,400
down €48,400 (-15.6%), from €310,208 to €261,808
- Trade debts +€33,193
up €33,193 (+47.3%), from €70,201 to €103,394
Income statement
- Gross operating margin +€211,940
up €211,940 (+1,390%), from €15,246 to €227,186
- Purchases and services +€159,155
new in 2025: €159,155
- Write-downs -€87,944
no longer reported in 2025 (was €87,944)
- Financial charges -€34,770
down €34,770 (-48.2%), from €72,204 to €37,434
- Other operating charges -€20,299
down €20,299 (-47.1%), from €43,125 to €22,826
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.
Result 2024
-€322,661
Gross operating margin
+€211,940
Staff costs
-€5,044
Depreciation
+€617
Write-downs
+€87,944
Other operating charges
+€20,299
Other operating items
-€143
Financial income
-€999
Financial charges
+€34,770
Taxes
+€275
Result 2025
€26,998
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€63,152
Investment
-€0
Financing
-€75,531
Cash 2024
€12,379
From operations (derived)
+€63,152
Net result for the year
+€26,998
Depreciation
+€75,929
Stocks and contracts
+€19,090
Receivables within one year
-€18,900
Deferred charges and accrued income
+€4,243
Provisions
+€0
Trade debts
+€33,193
Tax, wage and social debts
+€28,182
Advances received
-€85,000
Other debts
-€20,583
Investment (derived)
-€0
Investment in fixed assets (net)
-€0
Financing
-€75,531
Debts after one year
-€48,400
Current portion of long-term debt
-€12,153
Short-term financial debts
-€14,978
Contributions, distributions and other
-€0
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,845,149 | €2,752,408 | -€92,741 | -3.3% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €2,389,888 | €2,313,959 | -€75,929 | -3.2% |
| Intangible fixed assets | 21 | €24,727 | €16,795 | -€7,932 | -32.1% |
| Tangible fixed assets | 22/27 | €2,361,138 | €2,293,141 | -€67,997 | -2.9% |
| Land and buildings | 22 | €2,019,397 | €1,987,267 | -€32,130 | -1.6% |
| Plant, machinery and equipment | 23 | €111,736 | €83,285 | -€28,451 | -25.5% |
| Furniture and vehicles | 24 | €213,404 | €210,235 | -€3,169 | -1.5% |
| Other tangible fixed assets | 26 | €5,701 | €1,454 | -€4,247 | -74.5% |
| Assets under construction and advance payments | 27 | €10,900 | €10,900 | = | 0.0% |
| Financial fixed assets | 28 | €4,023 | €4,023 | -€0 | 0.0% |
| Current assets | 29/58 | €455,261 | €438,449 | -€16,812 | -3.7% |
| Stocks and contracts in progress | 3 | €351,940 | €332,850 | -€19,090 | -5.4% |
| Stocks | 30/36 | €351,940 | €332,850 | -€19,090 | -5.4% |
| Amounts receivable within one year | 40/41 | €86,699 | €105,599 | +€18,900 | +21.8% |
| Trade receivables | 40 | €45,567 | €52,116 | +€6,549 | +14.4% |
| Other amounts receivable | 41 | €41,132 | €53,483 | +€12,351 | +30.0% |
| Cash at bank and in hand | 54/58 | €12,379 | - | -€12,379 | |
| Deferred charges and accrued income | 490/1 | €4,243 | - | -€4,243 | |
| Total equity and liabilities | 10/49 | €2,845,149 | €2,752,408 | -€92,741 | -3.3% |
| Equity | 10/15 | €1,093,881 | €1,120,879 | +€26,998 | +2.5% |
| Contributions | 10/11 | €143,778 | €143,778 | -€0 | 0.0% |
| Capital | 10 | €143,778 | €143,778 | -€0 | 0.0% |
| Issued capital | 100 | €143,778 | €143,778 | -€0 | 0.0% |
| Revaluation surpluses | 12 | €1,371,145 | €1,371,145 | = | 0.0% |
| Reserves | 13 | €254,519 | €254,519 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €14,378 | €14,378 | +€0 | 0.0% |
| Legal reserve | 130 | €14,378 | €14,378 | +€0 | 0.0% |
| Tax-exempt reserves | 132 | €123,560 | €123,560 | -€0 | 0.0% |
| Distributable reserves | 133 | €116,581 | €116,581 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€690,103 | -€663,105 | +€26,998 | +3.9% |
| Investment grants | 15 | €14,542 | €14,542 | +€0 | 0.0% |
| Provisions and deferred taxes | 16 | €53,993 | €53,993 | +€0 | 0.0% |
| Deferred taxes | 168 | €53,993 | €53,993 | +€0 | 0.0% |
| Amounts payable | 17/49 | €1,697,275 | €1,577,536 | -€119,739 | -7.1% |
| Amounts payable after more than one year | 17 | €310,208 | €261,808 | -€48,400 | -15.6% |
| Financial debts | 170/4 | €310,208 | €261,808 | -€48,400 | -15.6% |
| Amounts payable within one year | 42/48 | €1,387,067 | €1,315,728 | -€71,339 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €60,553 | €48,400 | -€12,153 | -20.1% |
| Financial debts | 43 | €869,183 | €854,205 | -€14,978 | -1.7% |
| Credit institutions | 430/8 | €869,183 | €850,336 | -€18,847 | -2.2% |
| Other loans | 439 | - | €3,869 | +€3,869 | |
| Trade debts | 44 | €70,201 | €103,394 | +€33,193 | +47.3% |
| Suppliers | 440/4 | €70,201 | €103,394 | +€33,193 | +47.3% |
| Advances received on contracts in progress | 46 | €91,335 | €6,335 | -€85,000 | -93.1% |
| Taxes, remuneration and social security | 45 | €173,941 | €202,123 | +€28,182 | +16.2% |
| Taxes | 450/3 | €151,394 | €185,762 | +€34,368 | +22.7% |
| Remuneration and social security | 454/9 | €22,547 | €16,361 | -€6,186 | -27.4% |
| Other amounts payable | 47/48 | €121,854 | €101,271 | -€20,583 | -16.9% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €159,155 | +€159,155 | |
| Remuneration, social security and pensions | 62 | €58,812 | €63,856 | +€5,044 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,546 | €75,929 | -€617 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €87,944 | - | -€87,944 | |
| Other operating charges | 640/8 | €43,125 | €22,826 | -€20,299 | -47.1% |
| Non-recurring operating charges | 66A | - | €143 | +€143 | |
| Gross operating margin | 9900 | €15,246 | €227,186 | +€211,940 | +1,390% |
| Operating profit (loss) | 9901 | -€251,181 | €64,432 | +€315,613 | |
| Financial income | 75/76B | €999 | - | -€999 | |
| Recurring financial income | 75 | €999 | - | -€999 | |
| Financial charges | 65/66B | €72,204 | €37,434 | -€34,770 | -48.2% |
| Recurring financial charges | 65 | €72,204 | €37,434 | -€34,770 | -48.2% |
| Profit (loss) for the period before taxes | 9903 | -€322,386 | €26,998 | +€349,384 | |
| Income taxes | 67/77 | €275 | - | -€275 | |
| Profit (loss) for the period | 9904 | -€322,661 | €26,998 | +€349,659 | |
| Profit (loss) for the period to be appropriated | 9905 | -€322,661 | €26,998 | +€349,659 |
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 23 October 2026 via checked.be.