HUIDEVETTER: 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.
HUIDEVETTER
Largest movements
- Cash +€26,601
up €26,601 (+1.7%), from €1.6m to €1.6m
mainly Net result for the year (+€166,155) and Other debts (+€86,504)
- Other debts +€86,504
up €86,504 (+65.2%), from €132,770 to €219,273
- Profit (loss) carried forward -€24,433
no longer reported in 2025 (was €24,433)
- Reserves -€22,910
down €22,910 (-6.5%), from €354,693 to €331,783
of which Distributable reserves: -€24,172
- Accrued charges and deferred income -€18,690
down €18,690 (-28.0%), from €66,699 to €48,008
- Gross operating margin +€10,754
up €10,754 (+4.7%), from €227,332 to €238,086
- Taxes +€2,897
up €2,897 (+5.5%), from €52,488 to €55,385
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 | €1,642,316 | €1,665,696 | +€23,380 | +1.4% |
| Fixed assets | 21/28 | €48,285 | €44,077 | -€4,208 | -8.7% |
| Tangible fixed assets | 22/27 | €48,035 | €43,827 | -€4,208 | -8.8% |
| Land and buildings | 22 | €16,361 | €16,361 | = | 0.0% |
| Plant, machinery and equipment | 23 | €31,674 | €27,466 | -€4,208 | -13.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €1,594,030 | €1,621,619 | +€27,589 | +1.7% |
| Amounts receivable within one year | 40/41 | €5,336 | - | -€5,336 | |
| Other amounts receivable | 41 | €5,336 | - | -€5,336 | |
| Cash at bank and in hand | 54/58 | €1,587,889 | €1,614,491 | +€26,601 | +1.7% |
| Deferred charges and accrued income | 490/1 | €805 | €7,128 | +€6,323 | +785% |
| Total equity and liabilities | 10/49 | €1,642,316 | €1,665,696 | +€23,380 | +1.4% |
| Equity | 10/15 | €1,238,676 | €1,191,333 | -€47,343 | -3.8% |
| Contributions | 10/11 | €859,550 | €859,550 | = | 0.0% |
| Capital | 10 | €859,550 | €859,550 | = | 0.0% |
| Issued capital | 100 | €859,550 | €859,550 | = | 0.0% |
| Reserves | 13 | €354,693 | €331,783 | -€22,910 | -6.5% |
| Non-distributable reserves | 130/1 | €84,693 | €85,955 | +€1,262 | +1.5% |
| Legal reserve | 130 | €84,693 | €85,955 | +€1,262 | +1.5% |
| Distributable reserves | 133 | €270,000 | €245,828 | -€24,172 | -9.0% |
| Profit (loss) carried forward | 14 | €24,433 | - | -€24,433 | |
| Provisions and deferred taxes | 16 | €36,684 | €36,684 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €36,684 | €36,684 | = | 0.0% |
| Major repairs and maintenance | 162 | €36,684 | €36,684 | = | 0.0% |
| Amounts payable | 17/49 | €366,956 | €437,679 | +€70,723 | +19.3% |
| Amounts payable after more than one year | 17 | €165,000 | €165,000 | = | 0.0% |
| Financial debts | 170/4 | €165,000 | €165,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €135,257 | €224,671 | +€89,414 | +66.1% |
| Taxes, remuneration and social security | 45 | €2,488 | €5,398 | +€2,910 | +117% |
| Taxes | 450/3 | €2,488 | €5,398 | +€2,910 | +117% |
| Other amounts payable | 47/48 | €132,770 | €219,273 | +€86,504 | +65.2% |
| Accrued charges and deferred income | 492/3 | €66,699 | €48,008 | -€18,690 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,220 | €4,208 | -€12 | -0.3% |
| Other operating charges | 640/8 | €7,357 | €6,533 | -€824 | -11.2% |
| Gross operating margin | 9900 | €227,332 | €238,086 | +€10,754 | +4.7% |
| Operating profit (loss) | 9901 | €215,755 | €227,345 | +€11,590 | +5.4% |
| Financial charges | 65/66B | €5,804 | €5,805 | +€2 | 0.0% |
| Recurring financial charges | 65 | €5,804 | €5,805 | +€2 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €209,952 | €221,540 | +€11,588 | +5.5% |
| Income taxes | 67/77 | €52,488 | €55,385 | +€2,897 | +5.5% |
| Profit (loss) for the period | 9904 | €157,464 | €166,155 | +€8,691 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €157,464 | €166,155 | +€8,691 | +5.5% |
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 21 October 2026 via checked.be.