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
- Tangible fixed assets -€105,465
down €105,465 (-5.2%), from €2.0m to €1.9m
of which Land and buildings: -€103,026
- Receivables within one year -€100,809
down €100,809 (-73.8%), from €136,618 to €35,809
of which Other amounts receivable: -€79,307
- Cash +€70,653
up €70,653 (+27.8%), from €254,154 to €324,807
mainly Net result for the year (+€356,434) and Depreciation (+€109,230)
- Reserves -€111,494
down €111,494 (-3.4%), from €3.3m to €3.2m
of which Distributable reserves: -€111,494
- Gross operating margin +€50,014
up €50,014 (+7.1%), from €707,115 to €757,129
- Financial income -€19,795
down €19,795 (-36.6%), from €54,035 to €34,241
of which Financial income: -€18,718
- Depreciation -€17,135
down €17,135 (-13.6%), from €126,365 to €109,230
- Financial charges +€12,625
up €12,625 (+36.2%), from €34,835 to €47,460
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 | €4,309,015 | €4,187,498 | -€121,517 | -2.8% |
| Fixed assets | 21/28 | €2,491,492 | €2,393,277 | -€98,215 | -3.9% |
| Tangible fixed assets | 22/27 | €2,043,992 | €1,938,527 | -€105,465 | -5.2% |
| Land and buildings | 22 | €1,968,546 | €1,865,519 | -€103,026 | -5.2% |
| Plant, machinery and equipment | 23 | €5,803 | €3,930 | -€1,873 | -32.3% |
| Furniture and vehicles | 24 | €69,643 | €69,078 | -€566 | -0.8% |
| Financial fixed assets | 28 | €447,500 | €454,750 | +€7,250 | +1.6% |
| Current assets | 29/58 | €1,817,523 | €1,794,220 | -€23,302 | -1.3% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €136,618 | €35,809 | -€100,809 | -73.8% |
| Trade receivables | 40 | €57,311 | €35,809 | -€21,503 | -37.5% |
| Other amounts receivable | 41 | €79,307 | €0 | -€79,307 | -100% |
| Current investments | 50/53 | €1,241,479 | €1,245,142 | +€3,663 | +0.3% |
| Cash at bank and in hand | 54/58 | €254,154 | €324,807 | +€70,653 | +27.8% |
| Deferred charges and accrued income | 490/1 | €35,272 | €38,463 | +€3,191 | +9.0% |
| Total equity and liabilities | 10/49 | €4,309,015 | €4,187,498 | -€121,517 | -2.8% |
| Equity | 10/15 | €3,598,774 | €3,487,280 | -€111,494 | -3.1% |
| Contributions | 10/11 | €303,098 | €303,098 | = | 0.0% |
| Capital | 10 | €303,098 | €303,098 | = | 0.0% |
| Issued capital | 100 | €303,098 | €303,098 | = | 0.0% |
| Reserves | 13 | €3,295,676 | €3,184,183 | -€111,494 | -3.4% |
| Non-distributable reserves | 130/1 | €30,310 | €30,310 | = | 0.0% |
| Legal reserve | 130 | €30,310 | €30,310 | = | 0.0% |
| Distributable reserves | 133 | €3,265,366 | €3,153,873 | -€111,494 | -3.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €90,000 | €90,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €90,000 | €90,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €90,000 | €90,000 | = | 0.0% |
| Amounts payable | 17/49 | €620,241 | €610,218 | -€10,023 | -1.6% |
| Amounts payable after more than one year | 17 | €500,781 | €500,781 | = | 0.0% |
| Other amounts payable | 178/9 | €500,781 | €500,781 | = | 0.0% |
| Amounts payable within one year | 42/48 | €69,618 | €60,729 | -€8,889 | -12.8% |
| Trade debts | 44 | €1,464 | €16,229 | +€14,765 | +1,008% |
| Suppliers | 440/4 | €1,464 | €16,229 | +€14,765 | +1,008% |
| Taxes, remuneration and social security | 45 | €68,154 | €34,551 | -€33,604 | -49.3% |
| Taxes | 450/3 | €68,154 | €34,551 | -€33,604 | -49.3% |
| Other amounts payable | 47/48 | - | €9,949 | +€9,949 | |
| Accrued charges and deferred income | 492/3 | €49,842 | €48,708 | -€1,134 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,365 | €109,230 | -€17,135 | -13.6% |
| Other operating charges | 640/8 | €37,559 | €39,059 | +€1,500 | +4.0% |
| Non-recurring operating charges | 66A | - | €69,643 | +€69,643 | |
| Gross operating margin | 9900 | €707,115 | €757,129 | +€50,014 | +7.1% |
| Operating profit (loss) | 9901 | €543,191 | €539,196 | -€3,995 | -0.7% |
| Financial income | 75/76B | €54,035 | €34,241 | -€19,795 | -36.6% |
| Recurring financial income | 75 | €52,958 | €34,241 | -€18,718 | -35.3% |
| Non-recurring financial income | 76B | €1,077 | €0 | -€1,077 | -100% |
| Financial charges | 65/66B | €34,835 | €47,460 | +€12,625 | +36.2% |
| Recurring financial charges | 65 | €34,835 | €47,460 | +€12,625 | +36.2% |
| Profit (loss) for the period before taxes | 9903 | €562,391 | €525,977 | -€36,414 | -6.5% |
| Income taxes | 67/77 | €176,053 | €169,542 | -€6,510 | -3.7% |
| Profit (loss) for the period | 9904 | €386,338 | €356,434 | -€29,904 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €386,338 | €356,434 | -€29,904 | -7.7% |
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 19 October 2026 via checked.be.