Hugo VDB: 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 VDB
Largest movements
- Current investments +€82,631
up €82,631 (+157%), from €52,564 to €135,196
- Receivables after one year -€80,000
down €80,000 (-100%), from €80,000 to €0
- Cash +€62,132
up €62,132 (+42.7%), from €145,619 to €207,751
mainly Receivables after one year (+€80,000) and Net result for the year (+€53,852)
- Receivables within one year -€8,491
down €8,491 (-31.2%), from €27,220 to €18,729
of which Trade receivables: -€7,500
- Deferred charges and accrued income -€4,258
down €4,258 (-100%), from €4,258 to €0
- Reserves +€53,852
up €53,852 (+19.6%), from €274,258 to €328,110
- Gross operating margin -€9,183
down €9,183 (-11.0%), from €83,427 to €74,245
- Taxes -€2,819
down €2,819 (-10.2%), from €27,712 to €24,893
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 | €327,662 | €379,676 | +€52,014 | +15.9% |
| Fixed assets | 21/28 | €18,000 | €18,000 | = | 0.0% |
| Financial fixed assets | 28 | €18,000 | €18,000 | = | 0.0% |
| Current assets | 29/58 | €309,662 | €361,676 | +€52,014 | +16.8% |
| Amounts receivable after more than one year | 29 | €80,000 | €0 | -€80,000 | -100% |
| Other amounts receivable | 291 | €80,000 | €0 | -€80,000 | -100% |
| Amounts receivable within one year | 40/41 | €27,220 | €18,729 | -€8,491 | -31.2% |
| Trade receivables | 40 | €15,303 | €7,803 | -€7,500 | -49.0% |
| Other amounts receivable | 41 | €11,918 | €10,927 | -€991 | -8.3% |
| Current investments | 50/53 | €52,564 | €135,196 | +€82,631 | +157% |
| Cash at bank and in hand | 54/58 | €145,619 | €207,751 | +€62,132 | +42.7% |
| Deferred charges and accrued income | 490/1 | €4,258 | €0 | -€4,258 | -100% |
| Total equity and liabilities | 10/49 | €327,662 | €379,676 | +€52,014 | +15.9% |
| Equity | 10/15 | €279,258 | €333,110 | +€53,852 | +19.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €274,258 | €328,110 | +€53,852 | +19.6% |
| Distributable reserves | 133 | €274,258 | €328,110 | +€53,852 | +19.6% |
| Amounts payable | 17/49 | €48,403 | €46,566 | -€1,837 | -3.8% |
| Amounts payable within one year | 42/48 | €48,403 | €46,566 | -€1,837 | -3.8% |
| Trade debts | 44 | €309 | €892 | +€583 | +189% |
| Suppliers | 440/4 | €309 | €892 | +€583 | +189% |
| Taxes, remuneration and social security | 45 | €16,454 | €15,684 | -€771 | -4.7% |
| Taxes | 450/3 | €16,454 | €15,684 | -€771 | -4.7% |
| Other amounts payable | 47/48 | €31,640 | €29,990 | -€1,650 | -5.2% |
| Other operating charges | 640/8 | €653 | €669 | +€15 | +2.4% |
| Gross operating margin | 9900 | €83,427 | €74,245 | -€9,183 | -11.0% |
| Operating profit (loss) | 9901 | €82,774 | €73,576 | -€9,198 | -11.1% |
| Financial income | 75/76B | €3,623 | €3,941 | +€318 | +8.8% |
| Recurring financial income | 75 | €3,623 | €3,941 | +€318 | +8.8% |
| Financial charges | 65/66B | -€816 | -€1,228 | -€411 | -50.4% |
| Recurring financial charges | 65 | -€816 | -€1,228 | -€411 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | €87,213 | €78,744 | -€8,469 | -9.7% |
| Income taxes | 67/77 | €27,712 | €24,893 | -€2,819 | -10.2% |
| Profit (loss) for the period | 9904 | €59,501 | €53,852 | -€5,650 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €59,501 | €53,852 | -€5,650 | -9.5% |
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 13 October 2026 via checked.be.