Hupo: 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.
Hupo
Largest movements
- Tangible fixed assets -€40,789
down €40,789 (-3.9%), from €1.0m to €1.0m
of which Land and buildings: -€36,701
- Debts after one year -€24,281
down €24,281 (-12.2%), from €199,276 to €174,995
of which Financial debts: -€24,281
- Reserves -€14,709
down €14,709 (-5.0%), from €292,035 to €277,327
of which Tax-exempt reserves: -€14,709
- Gross operating margin +€12,694
up €12,694 (+59.4%), from €21,378 to €34,072
- Other operating charges +€357
up €357 (+5.1%), from €6,985 to €7,342
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 | €1,049,782 | €1,008,341 | -€41,441 | -3.9% |
| Fixed assets | 21/28 | €1,047,424 | €1,006,635 | -€40,789 | -3.9% |
| Tangible fixed assets | 22/27 | €1,047,424 | €1,006,635 | -€40,789 | -3.9% |
| Land and buildings | 22 | €992,428 | €955,727 | -€36,701 | -3.7% |
| Plant, machinery and equipment | 23 | €54,996 | €50,908 | -€4,088 | -7.4% |
| Current assets | 29/58 | €2,358 | €1,706 | -€652 | -27.6% |
| Cash at bank and in hand | 54/58 | €1,409 | €1,354 | -€55 | -3.9% |
| Deferred charges and accrued income | 490/1 | €949 | €352 | -€597 | -62.9% |
| Total equity and liabilities | 10/49 | €1,049,782 | €1,008,341 | -€41,441 | -3.9% |
| Equity | 10/15 | €530,399 | €515,663 | -€14,736 | -2.8% |
| Contributions | 10/11 | €52,058 | €52,058 | = | 0.0% |
| Reserves | 13 | €292,035 | €277,327 | -€14,709 | -5.0% |
| Non-distributable reserves | 130/1 | €5,206 | €5,206 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,206 | €5,206 | = | 0.0% |
| Tax-exempt reserves | 132 | €286,830 | €272,121 | -€14,709 | -5.1% |
| Profit (loss) carried forward | 14 | €186,306 | €186,279 | -€27 | 0.0% |
| Provisions and deferred taxes | 16 | €130,562 | €123,694 | -€6,868 | -5.3% |
| Deferred taxes | 168 | €130,562 | €123,694 | -€6,868 | -5.3% |
| Amounts payable | 17/49 | €388,822 | €368,984 | -€19,838 | -5.1% |
| Amounts payable after more than one year | 17 | €199,276 | €174,995 | -€24,281 | -12.2% |
| Financial debts | 170/4 | €197,237 | €172,956 | -€24,281 | -12.3% |
| Other amounts payable | 178/9 | €2,039 | €2,039 | = | 0.0% |
| Amounts payable within one year | 42/48 | €189,545 | €193,786 | +€4,240 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €23,838 | €24,280 | +€443 | +1.9% |
| Trade debts | 44 | €1,783 | €2,567 | +€784 | +44.0% |
| Suppliers | 440/4 | €1,783 | €2,567 | +€784 | +44.0% |
| Other amounts payable | 47/48 | €163,925 | €166,939 | +€3,014 | +1.8% |
| Accrued charges and deferred income | 492/3 | - | €203 | +€203 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,897 | €40,789 | -€107 | -0.3% |
| Other operating charges | 640/8 | €6,985 | €7,342 | +€357 | +5.1% |
| Gross operating margin | 9900 | €21,378 | €34,072 | +€12,694 | +59.4% |
| Operating profit (loss) | 9901 | -€26,504 | -€14,059 | +€12,445 | +47.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €7,836 | €7,544 | -€292 | -3.7% |
| Recurring financial charges | 65 | €7,836 | €7,544 | -€292 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | -€34,340 | -€21,603 | +€12,736 | +37.1% |
| Transfer from deferred taxes | 780 | €6,868 | €6,868 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€27,472 | -€14,736 | +€12,736 | +46.4% |
| Transfer from tax-exempt reserves | 789 | €14,709 | €14,709 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,763 | -€27 | +€12,736 | +99.8% |
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 11 October 2026 via checked.be.