HUNT BELGIUM: 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.
HUNT BELGIUM
Largest movements
- Receivables within one year +€25,580
up €25,580 (+127%), from €20,151 to €45,731
of which Trade receivables: +€27,232
- Cash +€21,159
up €21,159 (+12.0%), from €176,896 to €198,055
mainly Net result for the year (+€79,737) and Depreciation (+€12,694)
- Tangible fixed assets -€7,852
down €7,852 (-15.0%), from €52,280 to €44,428
of which Other tangible fixed assets: -€5,701
- Reserves +€34,252
up €34,252 (+15.9%), from €215,857 to €250,109
- Gross operating margin +€7,974
up €7,974 (+7.2%), from €110,571 to €118,545
- Depreciation +€2,919
up €2,919 (+29.9%), from €9,775 to €12,694
- Taxes +€2,190
up €2,190 (+9.3%), from €23,660 to €25,850
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 | €251,119 | €290,006 | +€38,887 | +15.5% |
| Fixed assets | 21/28 | €52,280 | €44,428 | -€7,852 | -15.0% |
| Tangible fixed assets | 22/27 | €52,280 | €44,428 | -€7,852 | -15.0% |
| Furniture and vehicles | 24 | €20,612 | €18,461 | -€2,151 | -10.4% |
| Other tangible fixed assets | 26 | €31,668 | €25,967 | -€5,701 | -18.0% |
| Current assets | 29/58 | €198,839 | €245,578 | +€46,739 | +23.5% |
| Amounts receivable within one year | 40/41 | €20,151 | €45,731 | +€25,580 | +127% |
| Trade receivables | 40 | €18,499 | €45,731 | +€27,232 | +147% |
| Other amounts receivable | 41 | €1,652 | - | -€1,652 | |
| Cash at bank and in hand | 54/58 | €176,896 | €198,055 | +€21,159 | +12.0% |
| Deferred charges and accrued income | 490/1 | €1,792 | €1,792 | = | 0.0% |
| Total equity and liabilities | 10/49 | €251,119 | €290,006 | +€38,887 | +15.5% |
| Equity | 10/15 | €215,857 | €250,109 | +€34,252 | +15.9% |
| Reserves | 13 | €215,857 | €250,109 | +€34,252 | +15.9% |
| Distributable reserves | 133 | €215,857 | €250,109 | +€34,252 | +15.9% |
| Amounts payable | 17/49 | €35,262 | €39,897 | +€4,635 | +13.1% |
| Amounts payable within one year | 42/48 | €35,062 | €39,697 | +€4,635 | +13.2% |
| Financial debts | 43 | - | €149 | +€149 | |
| Credit institutions | 430/8 | - | €149 | +€149 | |
| Trade debts | 44 | €413 | €2,712 | +€2,299 | +557% |
| Suppliers | 440/4 | €413 | €2,712 | +€2,299 | +557% |
| Taxes, remuneration and social security | 45 | €15,149 | €17,836 | +€2,687 | +17.7% |
| Taxes | 450/3 | €15,149 | €17,836 | +€2,687 | +17.7% |
| Other amounts payable | 47/48 | €19,500 | €19,000 | -€500 | -2.6% |
| Accrued charges and deferred income | 492/3 | €200 | €200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,775 | €12,694 | +€2,919 | +29.9% |
| Other operating charges | 640/8 | €1,121 | €1,162 | +€41 | +3.7% |
| Gross operating margin | 9900 | €110,571 | €118,545 | +€7,974 | +7.2% |
| Operating profit (loss) | 9901 | €99,675 | €104,689 | +€5,014 | +5.0% |
| Financial income | 75/76B | €344 | €1,048 | +€704 | +205% |
| Recurring financial income | 75 | €344 | €1,048 | +€704 | +205% |
| Financial charges | 65/66B | €131 | €150 | +€19 | +14.5% |
| Recurring financial charges | 65 | €131 | €150 | +€19 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €99,888 | €105,587 | +€5,699 | +5.7% |
| Income taxes | 67/77 | €23,660 | €25,850 | +€2,190 | +9.3% |
| Profit (loss) for the period | 9904 | €76,228 | €79,737 | +€3,509 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €76,228 | €79,737 | +€3,509 | +4.6% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.