HUGO SOLUTIONS: 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 SOLUTIONS
NACE 46.190, Agents in non-specialised wholesale trade
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€1,562
2023 · €9,404-€7,842
Equity
€48,829
2023 · €47,268+€1,562
Cash
€8,078
2023 · €11,392-€3,313
Balance sheet total
€526,240
2023 · €441,197+€85,043
Largest movements
Assets
- Receivables within one year +€70,985
up €70,985 (+18.2%), from €390,830 to €461,816
of which Trade receivables: +€90,543
- Stocks and contracts +€15,657
up €15,657 (+47.1%), from €33,221 to €48,878
Equity and liabilities
- Trade debts +€80,924
up €80,924 (+22.9%), from €353,815 to €434,739
Income statement
- Gross operating margin -€37,084
down €37,084 (-40.6%), from €91,292 to €54,207
- Staff costs -€26,045
down €26,045 (-34.9%), from €74,597 to €48,552
- Taxes -€2,413
down €2,413 (-56.9%), from €4,238 to €1,825
From the 2023 result to the 2024 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 2023
€9,404
Gross operating margin
-€37,084
Staff costs
+€26,045
Depreciation
+€182
Write-downs
-€881
Other operating charges
+€173
Financial income
+€587
Financial charges
+€723
Taxes
+€2,413
Result 2024
€1,562
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€721
Investment
-€4,034
Financing
€0
Cash 2023
€11,392
From operations (derived)
+€721
Net result for the year
+€1,562
Depreciation
+€2,135
Stocks and contracts
-€15,657
Receivables within one year
-€70,985
Deferred charges and accrued income
+€186
Trade debts
+€80,924
Tax, wage and social debts
+€340
Accrued charges and deferred income
+€2,217
Investment (derived)
-€4,034
Investment in fixed assets (net)
-€4,034
Cash 2024
€8,078
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €441,197 | €526,240 | +€85,043 | +19.3% |
| Fixed assets | 21/28 | €5,569 | €7,468 | +€1,899 | +34.1% |
| Tangible fixed assets | 22/27 | €5,569 | €7,468 | +€1,899 | +34.1% |
| Plant, machinery and equipment | 23 | €646 | €481 | -€165 | -25.5% |
| Furniture and vehicles | 24 | €4,923 | €6,987 | +€2,064 | +41.9% |
| Current assets | 29/58 | €435,628 | €518,772 | +€83,143 | +19.1% |
| Stocks and contracts in progress | 3 | €33,221 | €48,878 | +€15,657 | +47.1% |
| Stocks | 30/36 | €33,221 | €48,878 | +€15,657 | +47.1% |
| Amounts receivable within one year | 40/41 | €390,830 | €461,816 | +€70,985 | +18.2% |
| Trade receivables | 40 | €350,028 | €440,571 | +€90,543 | +25.9% |
| Other amounts receivable | 41 | €40,803 | €21,245 | -€19,558 | -47.9% |
| Cash at bank and in hand | 54/58 | €11,392 | €8,078 | -€3,313 | -29.1% |
| Deferred charges and accrued income | 490/1 | €186 | - | -€186 | |
| Total equity and liabilities | 10/49 | €441,197 | €526,240 | +€85,043 | +19.3% |
| Equity | 10/15 | €47,268 | €48,829 | +€1,562 | +3.3% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €277 | €277 | = | 0.0% |
| Non-distributable reserves | 130/1 | €277 | €277 | = | 0.0% |
| Reserves not available under the articles | 1311 | €277 | €277 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,491 | €36,053 | +€1,562 | +4.5% |
| Amounts payable | 17/49 | €393,930 | €477,411 | +€83,481 | +21.2% |
| Amounts payable within one year | 42/48 | €393,930 | €475,193 | +€81,264 | +20.6% |
| Trade debts | 44 | €353,815 | €434,739 | +€80,924 | +22.9% |
| Suppliers | 440/4 | €353,815 | €434,739 | +€80,924 | +22.9% |
| Taxes, remuneration and social security | 45 | €40,115 | €40,455 | +€340 | +0.8% |
| Taxes | 450/3 | €28,685 | €32,461 | +€3,776 | +13.2% |
| Remuneration and social security | 454/9 | €11,430 | €7,994 | -€3,436 | -30.1% |
| Accrued charges and deferred income | 492/3 | - | €2,217 | +€2,217 | |
| Remuneration, social security and pensions | 62 | €74,597 | €48,552 | -€26,045 | -34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,316 | €2,135 | -€182 | -7.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €881 | +€881 | |
| Other operating charges | 640/8 | €1,774 | €1,601 | -€173 | -9.8% |
| Gross operating margin | 9900 | €91,292 | €54,207 | -€37,084 | -40.6% |
| Operating profit (loss) | 9901 | €12,605 | €1,039 | -€11,566 | -91.8% |
| Financial income | 75/76B | €2,370 | €2,958 | +€587 | +24.8% |
| Recurring financial income | 75 | €2,370 | €2,958 | +€587 | +24.8% |
| Financial charges | 65/66B | €1,333 | €610 | -€723 | -54.2% |
| Recurring financial charges | 65 | €1,333 | €610 | -€723 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | €13,642 | €3,387 | -€10,256 | -75.2% |
| Income taxes | 67/77 | €4,238 | €1,825 | -€2,413 | -56.9% |
| Profit (loss) for the period | 9904 | €9,404 | €1,562 | -€7,842 | -83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,404 | €1,562 | -€7,842 | -83.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.