HUPSKADEE: 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.
HUPSKADEE
Largest movements
- Tangible fixed assets +€49,959
up €49,959 (+27.3%), from €183,305 to €233,263
of which Land and buildings: +€37,123
- Cash -€8,281
down €8,281 (-72.4%), from €11,440 to €3,159
mainly Investment in fixed assets (net) (-€66,499) and Contributions, distributions and other (-€54,079)
- Debts after one year +€115,932
up €115,932 (+270%), from €42,963 to €158,895
- Reserves -€54,079
down €54,079 (-45.0%), from €120,184 to €66,105
- Profit (loss) carried forward -€12,169
new in 2025: -€12,169
- Current portion of long-term debt -€6,995
down €6,995 (-54.5%), from €12,829 to €5,834
- Gross operating margin -€64,231
down €64,231 (-88.2%), from €72,817 to €8,586
- Taxes -€14,256
down €14,256 (-98.5%), from €14,476 to €220
- Other operating charges -€1,460
down €1,460 (-39.7%), from €3,674 to €2,214
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 | €235,335 | €276,377 | +€41,042 | +17.4% |
| Fixed assets | 21/28 | €183,305 | €233,263 | +€49,959 | +27.3% |
| Tangible fixed assets | 22/27 | €183,305 | €233,263 | +€49,959 | +27.3% |
| Land and buildings | 22 | €175,072 | €212,195 | +€37,123 | +21.2% |
| Plant, machinery and equipment | 23 | €2,738 | €2,757 | +€19 | +0.7% |
| Furniture and vehicles | 24 | €2,303 | €15,972 | +€13,670 | +594% |
| Other tangible fixed assets | 26 | €3,193 | €2,339 | -€854 | -26.7% |
| Current assets | 29/58 | €52,031 | €43,114 | -€8,917 | -17.1% |
| Amounts receivable within one year | 40/41 | €39,524 | €39,955 | +€431 | +1.1% |
| Trade receivables | 40 | €19,483 | €25,175 | +€5,692 | +29.2% |
| Other amounts receivable | 41 | €20,041 | €14,780 | -€5,261 | -26.3% |
| Cash at bank and in hand | 54/58 | €11,440 | €3,159 | -€8,281 | -72.4% |
| Deferred charges and accrued income | 490/1 | €1,066 | - | -€1,066 | |
| Total equity and liabilities | 10/49 | €235,335 | €276,377 | +€41,042 | +17.4% |
| Equity | 10/15 | €152,411 | €86,163 | -€66,248 | -43.5% |
| Contributions | 10/11 | €32,226 | €32,226 | = | 0.0% |
| Reserves | 13 | €120,184 | €66,105 | -€54,079 | -45.0% |
| Distributable reserves | 133 | €120,184 | €66,105 | -€54,079 | -45.0% |
| Profit (loss) carried forward | 14 | - | -€12,169 | -€12,169 | |
| Amounts payable | 17/49 | €82,925 | €190,215 | +€107,290 | +129% |
| Amounts payable after more than one year | 17 | €42,963 | €158,895 | +€115,932 | +270% |
| Financial debts | 170/4 | €42,963 | €158,895 | +€115,932 | +270% |
| Amounts payable within one year | 42/48 | €39,932 | €31,320 | -€8,612 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €12,829 | €5,834 | -€6,995 | -54.5% |
| Trade debts | 44 | €3,223 | €3,618 | +€395 | +12.3% |
| Suppliers | 440/4 | €3,223 | €3,618 | +€395 | +12.3% |
| Advances received on contracts in progress | 46 | €1,949 | - | -€1,949 | |
| Taxes, remuneration and social security | 45 | €1,258 | €539 | -€719 | -57.2% |
| Taxes | 450/3 | €1,258 | €539 | -€719 | -57.2% |
| Other amounts payable | 47/48 | €20,673 | €21,329 | +€656 | +3.2% |
| Accrued charges and deferred income | 492/3 | €30 | - | -€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,167 | €16,540 | +€373 | +2.3% |
| Other operating charges | 640/8 | €3,674 | €2,214 | -€1,460 | -39.7% |
| Gross operating margin | 9900 | €72,817 | €8,586 | -€64,231 | -88.2% |
| Operating profit (loss) | 9901 | €52,976 | -€10,167 | -€63,144 | |
| Financial charges | 65/66B | €2,305 | €1,781 | -€524 | -22.7% |
| Recurring financial charges | 65 | €2,305 | €1,781 | -€524 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €50,671 | -€11,949 | -€62,619 | |
| Income taxes | 67/77 | €14,476 | €220 | -€14,256 | -98.5% |
| Profit (loss) for the period | 9904 | €36,195 | -€12,169 | -€48,364 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,195 | -€12,169 | -€48,364 |
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 16 October 2026 via checked.be.