HURAX: 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.
HURAX
Largest movements
- Cash +€238,269
up €238,269 (+638%), from €37,339 to €275,608
mainly Net result for the year (+€203,511) and Other debts (+€63,402)
- Tangible fixed assets -€52,099
down €52,099 (-25.1%), from €207,224 to €155,126
of which Furniture and vehicles: -€48,861
- Receivables within one year +€8,248
up €8,248 (+14.4%), from €57,171 to €65,419
of which Trade receivables: +€6,997
- Reserves +€140,109
up €140,109 (+32.7%), from €428,151 to €568,260
of which Distributable reserves: +€140,109
- Other debts +€63,402
up €63,402, from €0 to €63,402
- Debts after one year -€14,505
down €14,505 (-24.2%), from €59,852 to €45,347
- Trade debts +€9,664
up €9,664 (+717%), from €1,349 to €11,013
- Gross operating margin +€64,776
up €64,776 (+19.4%), from €334,296 to €399,072
- Depreciation +€22,028
up €22,028 (+73.3%), from €30,071 to €52,099
- Taxes +€14,610
up €14,610 (+18.3%), from €80,019 to €94,628
- Financial income +€5,800
up €5,800 (+133%), from €4,348 to €10,149
- Financial charges +€4,238
up €4,238 (+343%), from €1,235 to €5,473
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 | €575,183 | €771,136 | +€195,953 | +34.1% |
| Fixed assets | 21/28 | €207,224 | €155,126 | -€52,099 | -25.1% |
| Tangible fixed assets | 22/27 | €207,224 | €155,126 | -€52,099 | -25.1% |
| Land and buildings | 22 | €11,887 | €10,346 | -€1,542 | -13.0% |
| Furniture and vehicles | 24 | €161,189 | €112,328 | -€48,861 | -30.3% |
| Other tangible fixed assets | 26 | €34,148 | €32,453 | -€1,696 | -5.0% |
| Current assets | 29/58 | €367,959 | €616,010 | +€248,051 | +67.4% |
| Amounts receivable within one year | 40/41 | €57,171 | €65,419 | +€8,248 | +14.4% |
| Trade receivables | 40 | €7,523 | €14,519 | +€6,997 | +93.0% |
| Other amounts receivable | 41 | €49,649 | €50,900 | +€1,251 | +2.5% |
| Current investments | 50/53 | €270,161 | €271,570 | +€1,409 | +0.5% |
| Cash at bank and in hand | 54/58 | €37,339 | €275,608 | +€238,269 | +638% |
| Deferred charges and accrued income | 490/1 | €3,287 | €3,413 | +€126 | +3.8% |
| Total equity and liabilities | 10/49 | €575,183 | €771,136 | +€195,953 | +34.1% |
| Equity | 10/15 | €446,701 | €586,810 | +€140,109 | +31.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €428,151 | €568,260 | +€140,109 | +32.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €428,151 | €568,260 | +€140,109 | +32.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €128,482 | €184,326 | +€55,844 | +43.5% |
| Amounts payable after more than one year | 17 | €59,852 | €45,347 | -€14,505 | -24.2% |
| Financial debts | 170/4 | €59,852 | €45,347 | -€14,505 | -24.2% |
| Amounts payable within one year | 42/48 | €68,630 | €138,980 | +€70,349 | +103% |
| Current portion of amounts payable after more than one year | 42 | €14,003 | €14,505 | +€502 | +3.6% |
| Financial debts | 43 | €4 | €0 | -€4 | -100% |
| Credit institutions | 430/8 | €4 | €0 | -€4 | -100% |
| Trade debts | 44 | €1,349 | €11,013 | +€9,664 | +717% |
| Suppliers | 440/4 | €1,349 | €11,013 | +€9,664 | +717% |
| Taxes, remuneration and social security | 45 | €53,274 | €50,059 | -€3,215 | -6.0% |
| Taxes | 450/3 | €45,598 | €42,229 | -€3,369 | -7.4% |
| Remuneration and social security | 454/9 | €7,676 | €7,830 | +€154 | +2.0% |
| Other amounts payable | 47/48 | €0 | €63,402 | +€63,402 | |
| Remuneration, social security and pensions | 62 | €53,358 | €52,631 | -€727 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,071 | €52,099 | +€22,028 | +73.3% |
| Other operating charges | 640/8 | €748 | €879 | +€131 | +17.4% |
| Gross operating margin | 9900 | €334,296 | €399,072 | +€64,776 | +19.4% |
| Operating profit (loss) | 9901 | €250,119 | €293,463 | +€43,345 | +17.3% |
| Financial income | 75/76B | €4,348 | €10,149 | +€5,800 | +133% |
| Recurring financial income | 75 | €4,348 | €10,149 | +€5,800 | +133% |
| Financial charges | 65/66B | €1,235 | €5,473 | +€4,238 | +343% |
| Recurring financial charges | 65 | €1,235 | €5,473 | +€4,238 | +343% |
| Profit (loss) for the period before taxes | 9903 | €253,232 | €298,139 | +€44,907 | +17.7% |
| Income taxes | 67/77 | €80,019 | €94,628 | +€14,610 | +18.3% |
| Profit (loss) for the period | 9904 | €173,214 | €203,511 | +€30,297 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €173,214 | €203,511 | +€30,297 | +17.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.