HUKAVA: 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.
HUKAVA
Largest movements
- Financial fixed assets -€240,863
no longer reported in 2025 (was €240,863)
- Cash +€168,078
up €168,078 (+11,672,083%), from €1 to €168,079
mainly Investment in fixed assets (net) (+€240,863) and Net result for the year (+€45,610)
- Receivables within one year +€50,001
up €50,001 (+2,454%), from €2,037 to €52,038
- Accrued charges and deferred income -€54,847
no longer reported in 2025 (was €54,847)
- Reserves +€45,610
up €45,610 (+42.3%), from €107,747 to €153,358
of which Distributable reserves: +€45,610
- Other debts -€17,101
down €17,101 (-96.1%), from €17,801 to €700
- Tax, wage and social debts +€4,560
new in 2025: €4,560
- Financial income +€995,378
new in 2025: €995,378
- Write-downs +€911,258
new in 2025: €911,258
- Gross operating margin -€30,314
down €30,314 (-991%), from -€3,058 to -€33,371
- Taxes +€4,560
new in 2025: €4,560
- Financial charges -€481
down €481 (-89.2%), from €540 to €59
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 | €242,902 | €220,118 | -€22,784 | -9.4% |
| Fixed assets | 21/28 | €240,863 | - | -€240,863 | |
| Financial fixed assets | 28 | €240,863 | - | -€240,863 | |
| Current assets | 29/58 | €2,039 | €220,118 | +€218,079 | +10,698% |
| Amounts receivable within one year | 40/41 | €2,037 | €52,038 | +€50,001 | +2,454% |
| Other amounts receivable | 41 | €2,037 | €52,038 | +€50,001 | +2,454% |
| Cash at bank and in hand | 54/58 | €1 | €168,079 | +€168,078 | +11,672,083% |
| Total equity and liabilities | 10/49 | €242,902 | €220,118 | -€22,784 | -9.4% |
| Equity | 10/15 | €169,247 | €214,858 | +€45,610 | +26.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €107,747 | €153,358 | +€45,610 | +42.3% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €101,597 | €147,208 | +€45,610 | +44.9% |
| Amounts payable | 17/49 | €73,655 | €5,260 | -€68,395 | -92.9% |
| Amounts payable within one year | 42/48 | €18,808 | €5,260 | -€13,548 | -72.0% |
| Trade debts | 44 | €1,007 | - | -€1,007 | |
| Suppliers | 440/4 | €1,007 | - | -€1,007 | |
| Taxes, remuneration and social security | 45 | - | €4,560 | +€4,560 | |
| Taxes | 450/3 | - | €4,560 | +€4,560 | |
| Other amounts payable | 47/48 | €17,801 | €700 | -€17,101 | -96.1% |
| Accrued charges and deferred income | 492/3 | €54,847 | - | -€54,847 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €911,258 | +€911,258 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€3,058 | -€33,371 | -€30,314 | -991% |
| Operating profit (loss) | 9901 | -€3,563 | -€945,149 | -€941,586 | -26,426% |
| Financial income | 75/76B | - | €995,378 | +€995,378 | |
| Recurring financial income | 75 | - | €995,378 | +€995,378 | |
| Financial charges | 65/66B | €540 | €59 | -€481 | -89.2% |
| Recurring financial charges | 65 | €540 | €59 | -€481 | -89.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,103 | €50,170 | +€54,273 | |
| Income taxes | 67/77 | - | €4,560 | +€4,560 | |
| Profit (loss) for the period | 9904 | -€4,103 | €45,610 | +€49,713 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,103 | €45,610 | +€49,713 |
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 22 October 2026 via checked.be.