HUPPELDEPUP: what changed
Two fiscal 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.
HUPPELDEPUP
Largest movements
- Tangible fixed assets -€12,968
down €12,968 (-26.2%), from €49,547 to €36,579
of which Land and buildings: -€8,472
- Stocks and contracts -€1,799
down €1,799 (-23.7%), from €7,602 to €5,803
- Intangible fixed assets +€847
new in 2025: €847
- Profit (loss) carried forward -€7,235
down €7,235 (-69.5%), from €10,407 to €3,172
- Current portion of long-term debt -€4,296
down €4,296 (-82.9%), from €5,182 to €886
- Short-term financial debts +€3,249
up €3,249 (+432.0%), from €752 to €4,001
- Trade debts -€3,119
down €3,119 (-61.4%), from €5,078 to €1,960
- Debts after one year -€886
no longer reported in 2025 (was €886)
- Gross operating margin -€5,806
down €5,806 (-38.0%), from €15,261 to €9,455
- Depreciation +€627
up €627 (+4.2%), from €14,940 to €15,568
- Financial charges -€552
down €552 (-44.0%), from €1,253 to €701
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 | €63,084 | €49,457 | -€13,628 | -21.6% |
| Fixed assets | 21/28 | €49,547 | €37,426 | -€12,121 | -24.5% |
| Intangible fixed assets | 21 | - | €847 | +€847 | |
| Tangible fixed assets | 22/27 | €49,547 | €36,579 | -€12,968 | -26.2% |
| Land and buildings | 22 | €34,540 | €26,067 | -€8,472 | -24.5% |
| Plant, machinery and equipment | 23 | €15,007 | €10,512 | -€4,496 | -30.0% |
| Current assets | 29/58 | €13,537 | €12,031 | -€1,507 | -11.1% |
| Stocks and contracts in progress | 3 | €7,602 | €5,803 | -€1,799 | -23.7% |
| Stocks | 30/36 | €7,602 | €5,803 | -€1,799 | -23.7% |
| Amounts receivable within one year | 40/41 | €1,222 | €1,448 | +€226 | +18.5% |
| Trade receivables | 40 | €1,222 | €1,448 | +€226 | +18.5% |
| Cash at bank and in hand | 54/58 | €12 | €382 | +€370 | +3133.6% |
| Deferred charges and accrued income | 490/1 | €4,702 | €4,397 | -€304 | -6.5% |
| Total equity and liabilities | 10/49 | €63,084 | €49,457 | -€13,628 | -21.6% |
| Equity | 10/15 | €29,442 | €21,722 | -€7,720 | -26.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Outside capital | 11 | €18,550 | €18,550 | = | 0.0% |
| Other | 1109/19 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €485 | - | -€485 | |
| Distributable reserves | 133 | €485 | - | -€485 | |
| Profit (loss) carried forward | 14 | €10,407 | €3,172 | -€7,235 | -69.5% |
| Amounts payable | 17/49 | €33,642 | €27,735 | -€5,908 | -17.6% |
| Amounts payable after more than one year | 17 | €886 | - | -€886 | |
| Financial debts | 170/4 | €886 | - | -€886 | |
| Amounts payable within one year | 42/48 | €32,757 | €27,735 | -€5,022 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €5,182 | €886 | -€4,296 | -82.9% |
| Financial debts | 43 | €752 | €4,001 | +€3,249 | +432.0% |
| Credit institutions | 430/8 | €752 | €4,001 | +€3,249 | +432.0% |
| Trade debts | 44 | €5,078 | €1,960 | -€3,119 | -61.4% |
| Suppliers | 440/4 | €5,078 | €1,960 | -€3,119 | -61.4% |
| Taxes, remuneration and social security | 45 | €850 | €465 | -€385 | -45.3% |
| Taxes | 450/3 | €850 | €465 | -€385 | -45.3% |
| Other amounts payable | 47/48 | €20,893 | €20,423 | -€471 | -2.3% |
| Remuneration, social security and pensions | 62 | - | €57 | +€57 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,940 | €15,568 | +€627 | +4.2% |
| Other operating charges | 640/8 | €847 | €857 | +€11 | +1.2% |
| Gross operating margin | 9900 | €15,261 | €9,455 | -€5,806 | -38.0% |
| Operating profit (loss) | 9901 | -€527 | -€7,027 | -€6,500 | -1234.3% |
| Financial income | 75/76B | €1 | €8 | +€7 | +667.3% |
| Recurring financial income | 75 | €1 | €8 | +€7 | +667.3% |
| Financial charges | 65/66B | €1,253 | €701 | -€552 | -44.0% |
| Recurring financial charges | 65 | €1,253 | €701 | -€552 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,778 | -€7,720 | -€5,942 | -334.1% |
| Profit (loss) for the period | 9904 | -€1,778 | -€7,720 | -€5,942 | -334.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,778 | -€7,720 | -€5,942 | -334.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.