HUJO: 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.
HUJO
Largest movements
- Cash -€77,805
down €77,805 (-26.1%), from €298,322 to €220,517
mainly Investment in fixed assets (net) (-€127,556) and Receivables within one year (-€72,871)
- Receivables within one year +€72,871
up €72,871 (+255.2%), from €28,550 to €101,421
of which Other amounts receivable: +€53,039
- Tangible fixed assets +€54,560
up €54,560 (+26.1%), from €208,658 to €263,218
of which Furniture and vehicles: +€104,239
- Stocks and contracts +€10,294
up €10,294 (+5.5%), from €188,612 to €198,905
- Deferred charges and accrued income +€8,817
up €8,817 (+1021.8%), from €863 to €9,680
- Profit (loss) carried forward +€89,698
up €89,698 (+206.7%), from €43,401 to €133,099
- Debts after one year -€44,330
down €44,330 (-31.0%), from €142,935 to €98,605
- Tax, wage and social debts +€31,174
up €31,174 (+79.7%), from €39,134 to €70,308
of which Taxes: +€27,964
- Gross operating margin +€41,834
up €41,834 (+13.7%), from €306,359 to €348,193
- Staff costs +€17,215
up €17,215 (+16.6%), from €103,404 to €120,619
- Taxes +€12,695
up €12,695 (+84.9%), from €14,957 to €27,652
- Depreciation +€10,158
up €10,158 (+16.2%), from €62,838 to €72,996
- Financial charges +€4,585
up €4,585 (+17.3%), from €26,496 to €31,081
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.
Cash bridge derived
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 | €725,005 | €793,742 | +€68,737 | +9.5% |
| Fixed assets | 21/28 | €208,658 | €263,218 | +€54,560 | +26.1% |
| Tangible fixed assets | 22/27 | €208,658 | €263,218 | +€54,560 | +26.1% |
| Plant, machinery and equipment | 23 | €26,579 | €23,697 | -€2,882 | -10.8% |
| Furniture and vehicles | 24 | €6,745 | €110,984 | +€104,239 | +1545.5% |
| Leasing and similar rights | 25 | €7,777 | €2,064 | -€5,713 | -73.5% |
| Other tangible fixed assets | 26 | €167,557 | €126,473 | -€41,084 | -24.5% |
| Current assets | 29/58 | €516,347 | €530,524 | +€14,177 | +2.7% |
| Stocks and contracts in progress | 3 | €188,612 | €198,905 | +€10,294 | +5.5% |
| Stocks | 30/36 | €188,612 | €198,905 | +€10,294 | +5.5% |
| Amounts receivable within one year | 40/41 | €28,550 | €101,421 | +€72,871 | +255.2% |
| Trade receivables | 40 | - | €19,833 | +€19,833 | |
| Other amounts receivable | 41 | €28,550 | €81,589 | +€53,039 | +185.8% |
| Cash at bank and in hand | 54/58 | €298,322 | €220,517 | -€77,805 | -26.1% |
| Deferred charges and accrued income | 490/1 | €863 | €9,680 | +€8,817 | +1021.8% |
| Total equity and liabilities | 10/49 | €725,005 | €793,742 | +€68,737 | +9.5% |
| Equity | 10/15 | €127,001 | €216,699 | +€89,698 | +70.6% |
| Contributions | 10/11 | €83,600 | €83,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,401 | €133,099 | +€89,698 | +206.7% |
| Amounts payable | 17/49 | €598,003 | €577,043 | -€20,961 | -3.5% |
| Amounts payable after more than one year | 17 | €142,935 | €98,605 | -€44,330 | -31.0% |
| Financial debts | 170/4 | €142,935 | €98,605 | -€44,330 | -31.0% |
| Amounts payable within one year | 42/48 | €455,068 | €478,437 | +€23,370 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €37,836 | €35,290 | -€2,546 | -6.7% |
| Trade debts | 44 | €352,914 | €347,889 | -€5,024 | -1.4% |
| Suppliers | 440/4 | €352,914 | €347,889 | -€5,024 | -1.4% |
| Taxes, remuneration and social security | 45 | €39,134 | €70,308 | +€31,174 | +79.7% |
| Taxes | 450/3 | €15,330 | €43,295 | +€27,964 | +182.4% |
| Remuneration and social security | 454/9 | €23,804 | €27,014 | +€3,210 | +13.5% |
| Other amounts payable | 47/48 | €25,184 | €24,950 | -€234 | -0.9% |
| Remuneration, social security and pensions | 62 | €103,404 | €120,619 | +€17,215 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,838 | €72,996 | +€10,158 | +16.2% |
| Other operating charges | 640/8 | €12,793 | €8,802 | -€3,991 | -31.2% |
| Gross operating margin | 9900 | €306,359 | €348,193 | +€41,834 | +13.7% |
| Operating profit (loss) | 9901 | €127,324 | €145,777 | +€18,453 | +14.5% |
| Financial income | 75/76B | €1,164 | €2,654 | +€1,490 | +128.0% |
| Recurring financial income | 75 | €1,164 | €2,654 | +€1,490 | +128.0% |
| Financial charges | 65/66B | €26,496 | €31,081 | +€4,585 | +17.3% |
| Recurring financial charges | 65 | €26,496 | €31,081 | +€4,585 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €101,992 | €117,350 | +€15,358 | +15.1% |
| Income taxes | 67/77 | €14,957 | €27,652 | +€12,695 | +84.9% |
| Profit (loss) for the period | 9904 | €87,035 | €89,698 | +€2,663 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €87,035 | €89,698 | +€2,663 | +3.1% |
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 12 October 2026 via checked.be.