HUPPERTZ: 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.
HUPPERTZ
Largest movements
- Financial fixed assets +€84,865
up €84,865 (+20,954%), from €405 to €85,270
- Tangible fixed assets -€80,563
down €80,563 (-15.0%), from €537,364 to €456,802
- Receivables within one year +€69,657
up €69,657 (+43.1%), from €161,773 to €231,429
of which Trade receivables: +€74,202
- Cash -€67,369
down €67,369 (-48.3%), from €139,549 to €72,180
mainly Contributions, distributions and other (-€223,561) and Investment in fixed assets (net) (-€83,455)
- Stocks and contracts -€23,659
down €23,659 (-33.5%), from €70,697 to €47,038
of which Contracts in progress: -€32,500
- Reserves -€187,596
down €187,596 (-41.8%), from €449,244 to €261,648
- Other debts +€161,767
up €161,767 (+356%), from €45,486 to €207,254
- Short-term financial debts +€100,000
up €100,000 (+200%), from €50,000 to €150,000
- Debts after one year -€41,192
down €41,192 (-32.8%), from €125,692 to €84,500
- Trade debts -€26,441
down €26,441 (-38.7%), from €68,383 to €41,943
of which Suppliers: -€26,341
- Gross operating margin +€35,488
up €35,488 (+10.4%), from €340,722 to €376,210
- Depreciation -€19,109
down €19,109 (-19.3%), from €99,201 to €80,092
- Staff costs +€16,170
up €16,170 (+7.1%), from €229,274 to €245,444
- Taxes +€10,160
up €10,160 (+562%), from €1,806 to €11,967
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 | €917,503 | €905,003 | -€12,500 | -1.4% |
| Fixed assets | 21/28 | €542,451 | €545,814 | +€3,363 | +0.6% |
| Intangible fixed assets | 21 | €4,682 | €3,743 | -€940 | -20.1% |
| Tangible fixed assets | 22/27 | €537,364 | €456,802 | -€80,563 | -15.0% |
| Land and buildings | 22 | €370,148 | €347,893 | -€22,256 | -6.0% |
| Plant, machinery and equipment | 23 | €90,687 | €65,966 | -€24,721 | -27.3% |
| Furniture and vehicles | 24 | €76,529 | €42,943 | -€33,586 | -43.9% |
| Financial fixed assets | 28 | €405 | €85,270 | +€84,865 | +20,954% |
| Current assets | 29/58 | €375,052 | €359,188 | -€15,863 | -4.2% |
| Stocks and contracts in progress | 3 | €70,697 | €47,038 | -€23,659 | -33.5% |
| Stocks | 30/36 | €38,197 | €47,038 | +€8,841 | +23.1% |
| Contracts in progress | 37 | €32,500 | - | -€32,500 | |
| Amounts receivable within one year | 40/41 | €161,773 | €231,429 | +€69,657 | +43.1% |
| Trade receivables | 40 | €156,502 | €230,705 | +€74,202 | +47.4% |
| Other amounts receivable | 41 | €5,270 | €725 | -€4,546 | -86.3% |
| Cash at bank and in hand | 54/58 | €139,549 | €72,180 | -€67,369 | -48.3% |
| Deferred charges and accrued income | 490/1 | €3,033 | €8,541 | +€5,508 | +182% |
| Total equity and liabilities | 10/49 | €917,503 | €905,003 | -€12,500 | -1.4% |
| Equity | 10/15 | €503,964 | €312,510 | -€191,454 | -38.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €449,244 | €261,648 | -€187,596 | -41.8% |
| Distributable reserves | 133 | €449,244 | €261,648 | -€187,596 | -41.8% |
| Investment grants | 15 | €36,120 | €32,262 | -€3,858 | -10.7% |
| Amounts payable | 17/49 | €413,539 | €592,493 | +€178,954 | +43.3% |
| Amounts payable after more than one year | 17 | €125,692 | €84,500 | -€41,192 | -32.8% |
| Financial debts | 170/4 | €125,692 | €84,500 | -€41,192 | -32.8% |
| Amounts payable within one year | 42/48 | €287,847 | €502,861 | +€215,015 | +74.7% |
| Current portion of amounts payable after more than one year | 42 | €58,767 | €41,192 | -€17,576 | -29.9% |
| Financial debts | 43 | €50,000 | €150,000 | +€100,000 | +200% |
| Credit institutions | 430/8 | €50,000 | €150,000 | +€100,000 | +200% |
| Trade debts | 44 | €68,383 | €41,943 | -€26,441 | -38.7% |
| Suppliers | 440/4 | €68,283 | €41,943 | -€26,341 | -38.6% |
| Bills of exchange payable | 441 | €100 | - | -€100 | |
| Taxes, remuneration and social security | 45 | €65,210 | €62,473 | -€2,737 | -4.2% |
| Taxes | 450/3 | €26,589 | €41,056 | +€14,466 | +54.4% |
| Remuneration and social security | 454/9 | €38,620 | €21,418 | -€17,203 | -44.5% |
| Other amounts payable | 47/48 | €45,486 | €207,254 | +€161,767 | +356% |
| Accrued charges and deferred income | 492/3 | - | €5,131 | +€5,131 | |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €229,274 | €245,444 | +€16,170 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,201 | €80,092 | -€19,109 | -19.3% |
| Other operating charges | 640/8 | €5,182 | €4,767 | -€415 | -8.0% |
| Non-recurring operating charges | 66A | - | €2,125 | +€2,125 | |
| Gross operating margin | 9900 | €340,722 | €376,210 | +€35,488 | +10.4% |
| Operating profit (loss) | 9901 | €7,065 | €43,783 | +€36,718 | +520% |
| Financial income | 75/76B | €10,193 | €9,315 | -€878 | -8.6% |
| Recurring financial income | 75 | €9,443 | €9,315 | -€128 | -1.4% |
| Non-recurring financial income | 76B | €750 | - | -€750 | |
| Financial charges | 65/66B | €7,512 | €9,024 | +€1,512 | +20.1% |
| Recurring financial charges | 65 | €7,512 | €9,024 | +€1,512 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €9,745 | €44,073 | +€34,328 | +352% |
| Income taxes | 67/77 | €1,806 | €11,967 | +€10,160 | +562% |
| Profit (loss) for the period | 9904 | €7,939 | €32,107 | +€24,168 | +304% |
| Profit (loss) for the period to be appropriated | 9905 | €7,939 | €32,107 | +€24,168 | +304% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.