HUPPE BELGIUM: what changed
What changed
HUPPE BELGIUM
NACE 46.836, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€579,140
2024 · €134,763+€444,377
Equity
€1.2m
2024 · €582,237+€579,140
Cash
€220,388
2024 · €161,775+€58,613
Balance sheet total
€2.7m
2024 · €2.4m+€277,445
Largest movements
Assets
- Receivables within one year +€219,537
up €219,537 (+10.2%), from €2.1m to €2.4m
of which Other amounts receivable: +€709,571
- Cash +€58,613
up €58,613 (+36.2%), from €161,775 to €220,388
mainly Net result for the year (+€579,140) and Accrued charges and deferred income (+€73,584)
Equity and liabilities
- Profit (loss) carried forward +€579,140
up €579,140 (+128%), from €452,966 to €1.0m
- Trade debts -€315,528
down €315,528 (-22.4%), from €1.4m to €1.1m
- Accrued charges and deferred income +€73,584
up €73,584 (+182%), from €40,428 to €114,012
- Tax, wage and social debts -€59,751
down €59,751 (-15.9%), from €376,743 to €316,992
of which Taxes: -€84,420
Income statement
- Gross operating margin +€486,159
up €486,159 (+34.2%), from €1.4m to €1.9m
- Staff costs +€74,720
up €74,720 (+6.9%), from €1.1m to €1.2m
- Taxes -€32,386
down €32,386 (-12.9%), from €250,859 to €218,473
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€134,763
Gross operating margin
+€486,159
Staff costs
-€74,720
Depreciation
+€358
Write-downs
+€18,314
Other operating charges
+€73
Financial income
-€16,786
Financial charges
-€1,407
Taxes
+€32,386
Result 2025
€579,140
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€60,485
Investment
-€1,872
Financing
€0
Cash 2024
€161,775
From operations (derived)
+€60,485
Net result for the year
+€579,140
Depreciation
+€11,406
Stocks and contracts
-€8,829
Receivables within one year
-€219,537
Trade debts
-€315,528
Tax, wage and social debts
-€59,751
Accrued charges and deferred income
+€73,584
Investment (derived)
-€1,872
Investment in fixed assets (net)
-€1,872
Cash 2025
€220,388
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,408,681 | €2,686,126 | +€277,445 | +11.5% |
| Fixed assets | 21/28 | €64,672 | €55,138 | -€9,534 | -14.7% |
| Tangible fixed assets | 22/27 | €63,061 | €53,527 | -€9,534 | -15.1% |
| Plant, machinery and equipment | 23 | €63,061 | €53,527 | -€9,534 | -15.1% |
| Financial fixed assets | 28 | €1,611 | €1,611 | = | 0.0% |
| Current assets | 29/58 | €2,344,009 | €2,630,988 | +€286,979 | +12.2% |
| Stocks and contracts in progress | 3 | €40,205 | €49,034 | +€8,829 | +22.0% |
| Stocks | 30/36 | €40,205 | €49,034 | +€8,829 | +22.0% |
| Amounts receivable within one year | 40/41 | €2,142,029 | €2,361,566 | +€219,537 | +10.2% |
| Trade receivables | 40 | €610,682 | €120,648 | -€490,034 | -80.2% |
| Other amounts receivable | 41 | €1,531,347 | €2,240,918 | +€709,571 | +46.3% |
| Cash at bank and in hand | 54/58 | €161,775 | €220,388 | +€58,613 | +36.2% |
| Total equity and liabilities | 10/49 | €2,408,681 | €2,686,126 | +€277,445 | +11.5% |
| Equity | 10/15 | €582,237 | €1,161,377 | +€579,140 | +99.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €67,298 | €67,298 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,198 | €6,198 | = | 0.0% |
| Legal reserve | 130 | €6,198 | €6,198 | = | 0.0% |
| Distributable reserves | 133 | €61,100 | €61,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €452,966 | €1,032,106 | +€579,140 | +128% |
| Amounts payable | 17/49 | €1,826,444 | €1,524,749 | -€301,695 | -16.5% |
| Amounts payable within one year | 42/48 | €1,786,016 | €1,410,737 | -€375,279 | -21.0% |
| Trade debts | 44 | €1,409,273 | €1,093,745 | -€315,528 | -22.4% |
| Suppliers | 440/4 | €1,409,273 | €1,093,745 | -€315,528 | -22.4% |
| Taxes, remuneration and social security | 45 | €376,743 | €316,992 | -€59,751 | -15.9% |
| Taxes | 450/3 | €258,179 | €173,759 | -€84,420 | -32.7% |
| Remuneration and social security | 454/9 | €118,564 | €143,233 | +€24,669 | +20.8% |
| Accrued charges and deferred income | 492/3 | €40,428 | €114,012 | +€73,584 | +182% |
| Remuneration, social security and pensions | 62 | €1,088,801 | €1,163,521 | +€74,720 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,764 | €11,406 | -€358 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,314 | - | -€18,314 | |
| Other operating charges | 640/8 | €502 | €429 | -€73 | -14.5% |
| Gross operating margin | 9900 | €1,423,354 | €1,909,513 | +€486,159 | +34.2% |
| Operating profit (loss) | 9901 | €303,973 | €734,157 | +€430,184 | +142% |
| Financial income | 75/76B | €86,357 | €69,571 | -€16,786 | -19.4% |
| Recurring financial income | 75 | €86,357 | €69,571 | -€16,786 | -19.4% |
| Financial charges | 65/66B | €4,708 | €6,115 | +€1,407 | +29.9% |
| Recurring financial charges | 65 | €4,708 | €6,115 | +€1,407 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | €385,622 | €797,613 | +€411,991 | +107% |
| Income taxes | 67/77 | €250,859 | €218,473 | -€32,386 | -12.9% |
| Profit (loss) for the period | 9904 | €134,763 | €579,140 | +€444,377 | +330% |
| Profit (loss) for the period to be appropriated | 9905 | €134,763 | €579,140 | +€444,377 | +330% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.