Hukaroi: 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.
Hukaroi
Largest movements
- Cash +€28,557
up €28,557 (+73.6%), from €38,814 to €67,371
mainly Net result for the year (+€263,736) and Investment in fixed assets (net) (+€2,047)
- Receivables within one year +€6,107
up €6,107 (+31.6%), from €19,341 to €25,448
of which Other amounts receivable: +€18,153
- Debts after one year -€160,710
down €160,710 (-100%), from €160,710 to €0
- Reserves +€149,153
up €149,153, from €0 to €149,153
- Profit (loss) carried forward +€114,583
up €114,583, from -€114,583 to €0
- Trade debts -€31,350
down €31,350 (-84.8%), from €36,954 to €5,603
- Current portion of long-term debt -€22,145
down €22,145 (-100%), from €22,145 to €0
- Gross operating margin +€392,224
up €392,224, from -€39,564 to €352,660
- Staff costs -€44,626
down €44,626 (-52.6%), from €84,824 to €40,198
- Taxes +€37,898
new in 2025: €37,898
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 | €261,343 | €293,666 | +€32,324 | +12.4% |
| Fixed assets | 21/28 | €203,187 | €200,847 | -€2,340 | -1.2% |
| Intangible fixed assets | 21 | €2,047 | €0 | -€2,047 | -100% |
| Tangible fixed assets | 22/27 | €1,140 | €847 | -€293 | -25.7% |
| Furniture and vehicles | 24 | €1,140 | €847 | -€293 | -25.7% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €58,156 | €92,819 | +€34,663 | +59.6% |
| Amounts receivable within one year | 40/41 | €19,341 | €25,448 | +€6,107 | +31.6% |
| Trade receivables | 40 | €14,025 | €1,980 | -€12,046 | -85.9% |
| Other amounts receivable | 41 | €5,316 | €23,469 | +€18,153 | +341% |
| Cash at bank and in hand | 54/58 | €38,814 | €67,371 | +€28,557 | +73.6% |
| Total equity and liabilities | 10/49 | €261,343 | €293,666 | +€32,324 | +12.4% |
| Equity | 10/15 | €20,417 | €284,153 | +€263,736 | +1,292% |
| Contributions | 10/11 | €135,000 | €135,000 | = | 0.0% |
| Reserves | 13 | €0 | €149,153 | +€149,153 | |
| Distributable reserves | 133 | €0 | €149,153 | +€149,153 | |
| Profit (loss) carried forward | 14 | -€114,583 | €0 | +€114,583 | |
| Amounts payable | 17/49 | €240,926 | €9,513 | -€231,413 | -96.1% |
| Amounts payable after more than one year | 17 | €160,710 | €0 | -€160,710 | -100% |
| Financial debts | 170/4 | €160,710 | €0 | -€160,710 | -100% |
| Amounts payable within one year | 42/48 | €80,216 | €9,513 | -€70,703 | -88.1% |
| Current portion of amounts payable after more than one year | 42 | €22,145 | €0 | -€22,145 | -100% |
| Financial debts | 43 | €676 | €1,039 | +€363 | +53.8% |
| Credit institutions | 430/8 | €676 | €1,039 | +€363 | +53.8% |
| Trade debts | 44 | €36,954 | €5,603 | -€31,350 | -84.8% |
| Suppliers | 440/4 | €36,954 | €5,603 | -€31,350 | -84.8% |
| Taxes, remuneration and social security | 45 | €20,436 | €2,871 | -€17,566 | -86.0% |
| Taxes | 450/3 | €1,681 | €2,871 | +€1,190 | +70.8% |
| Remuneration and social security | 454/9 | €18,756 | €0 | -€18,756 | -100% |
| Other amounts payable | 47/48 | €5 | €0 | -€5 | -100% |
| Non-recurring operating income | 76A | - | €550,000 | +€550,000 | |
| Remuneration, social security and pensions | 62 | €84,824 | €40,198 | -€44,626 | -52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,493 | €293 | -€1,200 | -80.4% |
| Other operating charges | 640/8 | €272 | €792 | +€520 | +191% |
| Non-recurring operating charges | 66A | - | €2,047 | +€2,047 | |
| Gross operating margin | 9900 | -€39,564 | €352,660 | +€392,224 | |
| Operating profit (loss) | 9901 | -€126,153 | €309,330 | +€435,482 | |
| Financial income | 75/76B | €0 | €107 | +€107 | +268,050% |
| Recurring financial income | 75 | €0 | €107 | +€107 | +268,050% |
| Financial charges | 65/66B | €4,672 | €7,803 | +€3,131 | +67.0% |
| Recurring financial charges | 65 | €4,672 | €7,803 | +€3,131 | +67.0% |
| Profit (loss) for the period before taxes | 9903 | -€130,824 | €301,635 | +€432,459 | |
| Income taxes | 67/77 | - | €37,898 | +€37,898 | |
| Profit (loss) for the period | 9904 | -€130,824 | €263,736 | +€394,561 | |
| Profit (loss) for the period to be appropriated | 9905 | -€130,824 | €263,736 | +€394,561 |
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.