HUKARGO N.V.: 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.
HUKARGO N.V.
Largest movements
- Receivables within one year +€116,023
up €116,023 (+10.1%), from €1.1m to €1.3m
of which Other amounts receivable: +€111,958
- Tangible fixed assets -€30,351
down €30,351 (-18.7%), from €162,328 to €131,977
of which Land and buildings: -€16,071
- Debts after one year +€178,021
up €178,021 (+8,996%), from €1,979 to €180,000
of which Financial debts: +€180,000
- Trade debts -€70,857
down €70,857 (-91.2%), from €77,714 to €6,856
- Reserves -€20,526
down €20,526 (-1.5%), from €1.4m to €1.4m
of which Distributable reserves: -€20,526
- Financial charges +€18,957
up €18,957 (+9,674%), from €196 to €19,153
- Gross operating margin +€5,671
up €5,671 (+22.5%), from €25,246 to €30,916
- Depreciation -€2,992
down €2,992 (-9.0%), from €33,343 to €30,351
- Other operating charges -€1,024
down €1,024 (-29.2%), from €3,510 to €2,486
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 | €1,526,766 | €1,613,847 | +€87,081 | +5.7% |
| Fixed assets | 21/28 | €162,328 | €131,977 | -€30,351 | -18.7% |
| Tangible fixed assets | 22/27 | €162,328 | €131,977 | -€30,351 | -18.7% |
| Land and buildings | 22 | €141,931 | €125,859 | -€16,071 | -11.3% |
| Plant, machinery and equipment | 23 | €2,837 | €1,865 | -€971 | -34.2% |
| Furniture and vehicles | 24 | €17,561 | €4,252 | -€13,309 | -75.8% |
| Current assets | 29/58 | €1,364,438 | €1,481,870 | +€117,432 | +8.6% |
| Amounts receivable after more than one year | 29 | €190,200 | €190,200 | = | 0.0% |
| Other amounts receivable | 291 | €190,200 | €190,200 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €4,046 | +€4,046 | |
| Stocks | 30/36 | - | €4,046 | +€4,046 | |
| Amounts receivable within one year | 40/41 | €1,148,631 | €1,264,654 | +€116,023 | +10.1% |
| Trade receivables | 40 | €29,532 | €33,598 | +€4,065 | +13.8% |
| Other amounts receivable | 41 | €1,119,099 | €1,231,057 | +€111,958 | +10.0% |
| Cash at bank and in hand | 54/58 | €23,610 | €21,368 | -€2,242 | -9.5% |
| Deferred charges and accrued income | 490/1 | €1,997 | €1,602 | -€395 | -19.8% |
| Total equity and liabilities | 10/49 | €1,526,766 | €1,613,847 | +€87,081 | +5.7% |
| Equity | 10/15 | €1,445,583 | €1,425,058 | -€20,526 | -1.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,383,583 | €1,363,058 | -€20,526 | -1.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,377,383 | €1,356,858 | -€20,526 | -1.5% |
| Amounts payable | 17/49 | €81,183 | €188,789 | +€107,606 | +133% |
| Amounts payable after more than one year | 17 | €1,979 | €180,000 | +€178,021 | +8,996% |
| Financial debts | 170/4 | - | €180,000 | +€180,000 | |
| Other amounts payable | 178/9 | €1,979 | - | -€1,979 | |
| Amounts payable within one year | 42/48 | €79,204 | €8,789 | -€70,415 | -88.9% |
| Trade debts | 44 | €77,714 | €6,856 | -€70,857 | -91.2% |
| Suppliers | 440/4 | €77,714 | €6,856 | -€70,857 | -91.2% |
| Taxes, remuneration and social security | 45 | €1,490 | €1,933 | +€442 | +29.7% |
| Taxes | 450/3 | €1,490 | €1,933 | +€442 | +29.7% |
| Non-recurring operating income | 76A | - | €4,891 | +€4,891 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,343 | €30,351 | -€2,992 | -9.0% |
| Other operating charges | 640/8 | €3,510 | €2,486 | -€1,024 | -29.2% |
| Gross operating margin | 9900 | €25,246 | €30,916 | +€5,671 | +22.5% |
| Operating profit (loss) | 9901 | -€11,607 | -€1,921 | +€9,686 | +83.5% |
| Financial income | 75/76B | €377 | €549 | +€172 | +45.6% |
| Recurring financial income | 75 | €377 | €549 | +€172 | +45.6% |
| Financial charges | 65/66B | €196 | €19,153 | +€18,957 | +9,674% |
| Recurring financial charges | 65 | €196 | €19,153 | +€18,957 | +9,674% |
| Profit (loss) for the period before taxes | 9903 | -€11,426 | -€20,526 | -€9,099 | -79.6% |
| Profit (loss) for the period | 9904 | -€11,426 | -€20,526 | -€9,099 | -79.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,426 | -€20,526 | -€9,099 | -79.6% |
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 27 October 2026 via checked.be.