Hupe Frères: 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.
Hupe Frères
Largest movements
- Cash +€188,013
new in 2025: €188,013
mainly Deferred charges and accrued income (+€130,802) and Net result for the year (+€126,614)
- Deferred charges and accrued income -€130,802
no longer reported in 2025 (was €130,802)
- Tangible fixed assets -€7,383
down €7,383 (-3.4%), from €214,942 to €207,559
of which Land and buildings: -€20,216
- Reserves +€29,864
up €29,864 (+16.3%), from €183,390 to €213,255
of which Distributable reserves: +€29,864
- Tax, wage and social debts +€23,118
new in 2025: €23,118
- Gross operating margin +€80,175
up €80,175 (+59.0%), from €135,786 to €215,961
- Taxes +€31,065
up €31,065 (+111%), from €28,022 to €59,087
- Depreciation +€6,416
up €6,416 (+31.7%), from €20,217 to €26,632
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 | €346,223 | €396,051 | +€49,828 | +14.4% |
| Fixed assets | 21/28 | €214,942 | €207,559 | -€7,383 | -3.4% |
| Tangible fixed assets | 22/27 | €214,942 | €207,559 | -€7,383 | -3.4% |
| Land and buildings | 22 | €214,942 | €194,726 | -€20,216 | -9.4% |
| Furniture and vehicles | 24 | - | €12,833 | +€12,833 | |
| Current assets | 29/58 | €131,280 | €188,492 | +€57,211 | +43.6% |
| Amounts receivable within one year | 40/41 | €478 | €478 | = | 0.0% |
| Other amounts receivable | 41 | €478 | €478 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €188,013 | +€188,013 | |
| Deferred charges and accrued income | 490/1 | €130,802 | - | -€130,802 | |
| Total equity and liabilities | 10/49 | €346,223 | €396,051 | +€49,828 | +14.4% |
| Equity | 10/15 | €246,318 | €276,182 | +€29,864 | +12.1% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €183,390 | €213,255 | +€29,864 | +16.3% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €177,140 | €207,005 | +€29,864 | +16.9% |
| Profit (loss) carried forward | 14 | €428 | €428 | = | 0.0% |
| Amounts payable | 17/49 | €99,905 | €119,868 | +€19,964 | +20.0% |
| Amounts payable within one year | 42/48 | €99,905 | €119,868 | +€19,964 | +20.0% |
| Taxes, remuneration and social security | 45 | - | €23,118 | +€23,118 | |
| Taxes | 450/3 | - | €23,118 | +€23,118 | |
| Other amounts payable | 47/48 | €99,905 | €96,750 | -€3,155 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,217 | €26,632 | +€6,416 | +31.7% |
| Other operating charges | 640/8 | €3,459 | €3,567 | +€109 | +3.1% |
| Gross operating margin | 9900 | €135,786 | €215,961 | +€80,175 | +59.0% |
| Operating profit (loss) | 9901 | €112,111 | €185,762 | +€73,651 | +65.7% |
| Financial charges | 65/66B | €24 | €61 | +€37 | +153% |
| Recurring financial charges | 65 | €24 | €61 | +€37 | +153% |
| Profit (loss) for the period before taxes | 9903 | €112,087 | €185,701 | +€73,614 | +65.7% |
| Income taxes | 67/77 | €28,022 | €59,087 | +€31,065 | +111% |
| Profit (loss) for the period | 9904 | €84,065 | €126,614 | +€42,549 | +50.6% |
| Transfer from tax-exempt reserves | 789 | €16,267 | - | -€16,267 | |
| Profit (loss) for the period to be appropriated | 9905 | €100,332 | €126,614 | +€26,282 | +26.2% |
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.