HUON MANAGEMENT: 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.
HUON MANAGEMENT
Largest movements
- Tangible fixed assets +€8,811
up €8,811 (+3.2%), from €272,438 to €281,249
of which Furniture and vehicles: +€26,008
- Stocks and contracts +€7,678
up €7,678 (+137%), from €5,620 to €13,298
- Cash -€6,293
down €6,293 (-35.2%), from €17,882 to €11,589
mainly Other debts (-€93,104) and Investment in fixed assets (net) (-€29,269)
- Receivables within one year +€3,382
up €3,382 (+19.7%), from €17,207 to €20,589
of which Other amounts receivable: +€20,442
- Advances received +€128,615
new in 2025: €128,615
- Other debts -€93,104
down €93,104 (-58.7%), from €158,662 to €65,558
- Debts after one year -€20,893
down €20,893 (-38.2%), from €54,633 to €33,740
- Reserves +€16,088
up €16,088 (+38.6%), from €41,728 to €57,816
of which Distributable reserves: +€17,947
- Profit (loss) carried forward -€14,872
down €14,872 (-92.4%), from €16,087 to €1,215
- Gross operating margin -€15,933
down €15,933 (-32.0%), from €49,790 to €33,857
- Taxes -€5,002
down €5,002 (-45.5%), from €10,991 to €5,989
- Other operating charges +€2,250
up €2,250 (+88.3%), from €2,548 to €4,798
- Depreciation +€1,922
up €1,922 (+10.4%), from €18,536 to €20,458
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 | €313,162 | €326,740 | +€13,578 | +4.3% |
| Fixed assets | 21/28 | €272,453 | €281,264 | +€8,811 | +3.2% |
| Tangible fixed assets | 22/27 | €272,438 | €281,249 | +€8,811 | +3.2% |
| Land and buildings | 22 | €271,356 | €253,950 | -€17,406 | -6.4% |
| Plant, machinery and equipment | 23 | €233 | €442 | +€209 | +89.7% |
| Furniture and vehicles | 24 | €849 | €26,857 | +€26,008 | +3,063% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €40,709 | €45,476 | +€4,767 | +11.7% |
| Stocks and contracts in progress | 3 | €5,620 | €13,298 | +€7,678 | +137% |
| Stocks | 30/36 | €5,620 | €13,298 | +€7,678 | +137% |
| Amounts receivable within one year | 40/41 | €17,207 | €20,589 | +€3,382 | +19.7% |
| Trade receivables | 40 | €17,060 | - | -€17,060 | |
| Other amounts receivable | 41 | €147 | €20,589 | +€20,442 | +13,906% |
| Cash at bank and in hand | 54/58 | €17,882 | €11,589 | -€6,293 | -35.2% |
| Total equity and liabilities | 10/49 | €313,162 | €326,740 | +€13,578 | +4.3% |
| Equity | 10/15 | €76,407 | €77,623 | +€1,216 | +1.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €41,728 | €57,816 | +€16,088 | +38.6% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €39,869 | €57,816 | +€17,947 | +45.0% |
| Profit (loss) carried forward | 14 | €16,087 | €1,215 | -€14,872 | -92.4% |
| Amounts payable | 17/49 | €236,755 | €249,117 | +€12,362 | +5.2% |
| Amounts payable after more than one year | 17 | €54,633 | €33,740 | -€20,893 | -38.2% |
| Financial debts | 170/4 | €54,633 | €33,740 | -€20,893 | -38.2% |
| Amounts payable within one year | 42/48 | €182,122 | €215,377 | +€33,255 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €20,575 | €20,893 | +€318 | +1.5% |
| Trade debts | 44 | - | €311 | +€311 | |
| Suppliers | 440/4 | - | €311 | +€311 | |
| Advances received on contracts in progress | 46 | - | €128,615 | +€128,615 | |
| Taxes, remuneration and social security | 45 | €2,885 | - | -€2,885 | |
| Taxes | 450/3 | €2,885 | - | -€2,885 | |
| Other amounts payable | 47/48 | €158,662 | €65,558 | -€93,104 | -58.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,536 | €20,458 | +€1,922 | +10.4% |
| Other operating charges | 640/8 | €2,548 | €4,798 | +€2,250 | +88.3% |
| Gross operating margin | 9900 | €49,790 | €33,857 | -€15,933 | -32.0% |
| Operating profit (loss) | 9901 | €28,706 | €8,601 | -€20,105 | -70.0% |
| Financial charges | 65/66B | €1,628 | €1,396 | -€232 | -14.3% |
| Recurring financial charges | 65 | €1,628 | €1,396 | -€232 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €27,078 | €7,205 | -€19,873 | -73.4% |
| Income taxes | 67/77 | €10,991 | €5,989 | -€5,002 | -45.5% |
| Profit (loss) for the period | 9904 | €16,087 | €1,216 | -€14,871 | -92.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,087 | €1,216 | -€14,871 | -92.4% |
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 26 October 2026 via checked.be.