HUNGENAERT: what changed
Two fiscal 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.
HUNGENAERT
Largest movements
- Cash -€52,410
down €52,410 (-87.0%), from €60,273 to €7,863
mainly Other debts (-€49,158) and Net result for the year (-€5,944)
- Other debts -€49,158
down €49,158 (-25.0%), from €196,298 to €147,140
- Profit (loss) carried forward -€5,944
down €5,944 (-1.7%), from -€344,657 to -€350,602
- Trade debts +€2,765
new in 2025: €2,765
- Gross operating margin -€128,556
down €128,556, from €122,789 to -€5,767
- Other operating charges -€11,824
down €11,824 (-99.3%), from €11,907 to €83
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 | €60,639 | €8,301 | -€52,338 | -86.3% |
| Current assets | 29/58 | €60,639 | €8,301 | -€52,338 | -86.3% |
| Amounts receivable within one year | 40/41 | €366 | €438 | +€72 | +19.8% |
| Trade receivables | 40 | €97 | - | -€97 | |
| Other amounts receivable | 41 | €269 | €438 | +€169 | +62.9% |
| Cash at bank and in hand | 54/58 | €60,273 | €7,863 | -€52,410 | -87.0% |
| Total equity and liabilities | 10/49 | €60,639 | €8,301 | -€52,338 | -86.3% |
| Equity | 10/15 | -€135,720 | -€141,664 | -€5,944 | -4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €190,337 | €190,337 | = | 0.0% |
| Non-distributable reserves | 130/1 | €44,160 | €44,160 | = | 0.0% |
| Reserves not available under the articles | 1311 | €44,160 | €44,160 | = | 0.0% |
| Distributable reserves | 133 | €146,177 | €146,177 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€344,657 | -€350,602 | -€5,944 | -1.7% |
| Amounts payable | 17/49 | €196,359 | €149,966 | -€46,393 | -23.6% |
| Amounts payable within one year | 42/48 | €196,359 | €149,966 | -€46,393 | -23.6% |
| Trade debts | 44 | - | €2,765 | +€2,765 | |
| Suppliers | 440/4 | - | €2,765 | +€2,765 | |
| Taxes, remuneration and social security | 45 | €61 | €61 | = | 0.0% |
| Taxes | 450/3 | €61 | €61 | = | 0.0% |
| Other amounts payable | 47/48 | €196,298 | €147,140 | -€49,158 | -25.0% |
| Other operating charges | 640/8 | €11,907 | €83 | -€11,824 | -99.3% |
| Gross operating margin | 9900 | €122,789 | -€5,767 | -€128,556 | |
| Operating profit (loss) | 9901 | €110,883 | -€5,850 | -€116,733 | |
| Financial income | 75/76B | €185 | - | -€185 | |
| Recurring financial income | 75 | €185 | - | -€185 | |
| Financial charges | 65/66B | €602 | €94 | -€507 | -84.3% |
| Recurring financial charges | 65 | €602 | €94 | -€507 | -84.3% |
| Profit (loss) for the period before taxes | 9903 | €110,466 | -€5,944 | -€116,411 | |
| Profit (loss) for the period | 9904 | €110,466 | -€5,944 | -€116,411 | |
| Profit (loss) for the period to be appropriated | 9905 | €110,466 | -€5,944 | -€116,411 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.