HUNTSOLEM: 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.
HUNTSOLEM
Largest movements
- Financial fixed assets +€705,000
up €705,000 (+52.4%), from €1.3m to €2.1m
- Debts after one year +€558,447
up €558,447 (+189%), from €295,530 to €853,978
- Reserves +€82,714
up €82,714 (+14.4%), from €573,143 to €655,857
of which Distributable reserves: +€82,714
- Other debts +€30,339
up €30,339 (+9.5%), from €319,777 to €350,116
- Current portion of long-term debt +€26,047
up €26,047 (+21.6%), from €120,506 to €146,553
- Gross operating margin +€50,091
up €50,091 (+60.6%), from €82,659 to €132,750
- Taxes +€10,162
up €10,162 (+85.2%), from €11,925 to €22,087
- Financial charges +€4,163
up €4,163 (+27.6%), from €15,080 to €19,244
- Depreciation +€1,654
up €1,654 (+29.8%), from €5,554 to €7,208
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 | €1,398,633 | €2,097,667 | +€699,034 | +50.0% |
| Fixed assets | 21/28 | €1,376,009 | €2,073,800 | +€697,792 | +50.7% |
| Tangible fixed assets | 22/27 | €30,488 | €23,279 | -€7,208 | -23.6% |
| Furniture and vehicles | 24 | €30,488 | €23,279 | -€7,208 | -23.6% |
| Financial fixed assets | 28 | €1,345,521 | €2,050,521 | +€705,000 | +52.4% |
| Current assets | 29/58 | €22,624 | €23,867 | +€1,242 | +5.5% |
| Amounts receivable within one year | 40/41 | €16,900 | €16,001 | -€899 | -5.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €16,900 | €16,001 | -€899 | -5.3% |
| Cash at bank and in hand | 54/58 | €4,826 | €6,927 | +€2,100 | +43.5% |
| Deferred charges and accrued income | 490/1 | €898 | €939 | +€41 | +4.5% |
| Total equity and liabilities | 10/49 | €1,398,633 | €2,097,667 | +€699,034 | +50.0% |
| Equity | 10/15 | €633,143 | €715,857 | +€82,714 | +13.1% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €573,143 | €655,857 | +€82,714 | +14.4% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €567,143 | €649,857 | +€82,714 | +14.6% |
| Amounts payable | 17/49 | €765,490 | €1,381,810 | +€616,320 | +80.5% |
| Amounts payable after more than one year | 17 | €295,530 | €853,978 | +€558,447 | +189% |
| Financial debts | 170/4 | €295,530 | €853,978 | +€558,447 | +189% |
| Amounts payable within one year | 42/48 | €458,282 | €513,920 | +€55,638 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €120,506 | €146,553 | +€26,047 | +21.6% |
| Financial debts | 43 | €8,461 | €8,426 | -€36 | -0.4% |
| Credit institutions | 430/8 | €8,461 | €8,426 | -€36 | -0.4% |
| Trade debts | 44 | €1,682 | €1,903 | +€221 | +13.2% |
| Suppliers | 440/4 | €1,682 | €1,903 | +€221 | +13.2% |
| Taxes, remuneration and social security | 45 | €7,856 | €6,923 | -€934 | -11.9% |
| Taxes | 450/3 | €7,856 | €6,923 | -€934 | -11.9% |
| Other amounts payable | 47/48 | €319,777 | €350,116 | +€30,339 | +9.5% |
| Accrued charges and deferred income | 492/3 | €11,678 | €13,912 | +€2,235 | +19.1% |
| Non-recurring operating income | 76A | €9,504 | €0 | -€9,504 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,554 | €7,208 | +€1,654 | +29.8% |
| Other operating charges | 640/8 | €1,566 | €1,503 | -€63 | -4.0% |
| Gross operating margin | 9900 | €82,659 | €132,750 | +€50,091 | +60.6% |
| Operating profit (loss) | 9901 | €75,538 | €124,038 | +€48,500 | +64.2% |
| Financial income | 75/76B | €3 | €6 | +€3 | +102% |
| Recurring financial income | 75 | €3 | €6 | +€3 | +102% |
| Financial charges | 65/66B | €15,080 | €19,244 | +€4,163 | +27.6% |
| Recurring financial charges | 65 | €15,080 | €19,244 | +€4,163 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €60,461 | €104,801 | +€44,340 | +73.3% |
| Income taxes | 67/77 | €11,925 | €22,087 | +€10,162 | +85.2% |
| Profit (loss) for the period | 9904 | €48,536 | €82,714 | +€34,178 | +70.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,536 | €82,714 | +€34,178 | +70.4% |
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 31 October 2026 via checked.be.