HuNo: 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.
HuNo
Largest movements
- Stocks and contracts +€12,766
up €12,766 (+19.1%), from €66,727 to €79,493
- Receivables within one year +€10,180
up €10,180 (+2120.8%), from €480 to €10,660
of which Trade receivables: +€10,175
- Cash +€5,235
up €5,235 (+123.2%), from €4,249 to €9,484
mainly Other debts (+€28,643) and Trade debts (+€925)
- Deferred charges and accrued income +€1,663
new in 2025: €1,663
- Tangible fixed assets +€1,316
new in 2025: €1,316
- Other debts +€28,643
up €28,643 (+68.1%), from €42,076 to €70,719
- Gross operating margin -€509
down €509 (-17.7%), from €2,880 to €2,371
- Depreciation +€282
up €282 (+73.2%), from €385 to €667
- Taxes -€184
down €184 (-60.9%), from €302 to €118
- Other operating charges +€48
up €48 (+5.0%), from €951 to €999
- Financial charges +€40
up €40 (+76.9%), from €52 to €92
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 | €74,144 | €104,789 | +€30,645 | +41.3% |
| Formation expenses | 20 | €2,188 | €1,673 | -€515 | -23.5% |
| Fixed assets | 21/28 | €500 | €1,816 | +€1,316 | +263.2% |
| Tangible fixed assets | 22/27 | - | €1,316 | +€1,316 | |
| Plant, machinery and equipment | 23 | - | €1,316 | +€1,316 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €71,456 | €101,300 | +€29,844 | +41.8% |
| Stocks and contracts in progress | 3 | €66,727 | €79,493 | +€12,766 | +19.1% |
| Stocks | 30/36 | €66,727 | €79,493 | +€12,766 | +19.1% |
| Amounts receivable within one year | 40/41 | €480 | €10,660 | +€10,180 | +2120.8% |
| Trade receivables | 40 | €480 | €10,655 | +€10,175 | +2119.8% |
| Other amounts receivable | 41 | - | €5 | +€5 | |
| Cash at bank and in hand | 54/58 | €4,249 | €9,484 | +€5,235 | +123.2% |
| Deferred charges and accrued income | 490/1 | - | €1,663 | +€1,663 | |
| Total equity and liabilities | 10/49 | €74,144 | €104,789 | +€30,645 | +41.3% |
| Equity | 10/15 | €31,190 | €31,685 | +€495 | +1.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,190 | €1,685 | +€495 | +41.6% |
| Amounts payable | 17/49 | €42,954 | €73,104 | +€30,150 | +70.2% |
| Amounts payable within one year | 42/48 | €42,954 | €73,104 | +€30,150 | +70.2% |
| Trade debts | 44 | €137 | €1,062 | +€925 | +675.2% |
| Suppliers | 440/4 | €137 | €1,062 | +€925 | +675.2% |
| Taxes, remuneration and social security | 45 | €741 | €1,323 | +€582 | +78.5% |
| Taxes | 450/3 | €741 | €1,323 | +€582 | +78.5% |
| Other amounts payable | 47/48 | €42,076 | €70,719 | +€28,643 | +68.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €385 | €667 | +€282 | +73.2% |
| Other operating charges | 640/8 | €951 | €999 | +€48 | +5.0% |
| Gross operating margin | 9900 | €2,880 | €2,371 | -€509 | -17.7% |
| Operating profit (loss) | 9901 | €1,544 | €705 | -€839 | -54.3% |
| Financial charges | 65/66B | €52 | €92 | +€40 | +76.9% |
| Recurring financial charges | 65 | €52 | €92 | +€40 | +76.9% |
| Profit (loss) for the period before taxes | 9903 | €1,492 | €613 | -€879 | -58.9% |
| Income taxes | 67/77 | €302 | €118 | -€184 | -60.9% |
| Profit (loss) for the period | 9904 | €1,190 | €495 | -€695 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,190 | €495 | -€695 | -58.4% |
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 9 October 2026 via checked.be.