HURE: 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.
HURE
Largest movements
- Receivables within one year -€101,805
down €101,805 (-24.1%), from €422,478 to €320,673
of which Trade receivables: -€103,265
- Tangible fixed assets +€61,928
up €61,928 (+299.5%), from €20,674 to €82,602
of which Furniture and vehicles: +€59,880
- Cash -€15,447
no longer reported in 2025 (was €15,447)
mainly Trade debts (-€146,399) and Investment in fixed assets (net) (-€86,342)
- Trade debts -€146,399
down €146,399 (-60.4%), from €242,307 to €95,909
- Current portion of long-term debt +€91,973
up €91,973 (+563.0%), from €16,335 to €108,309
- Debts after one year -€14,539
down €14,539 (-6.4%), from €226,074 to €211,535
- Tax, wage and social debts +€7,161
up €7,161 (+27.9%), from €25,627 to €32,788
of which Taxes: +€11,207
- Gross operating margin +€127,076
up €127,076 (+50.6%), from €251,292 to €378,368
- Staff costs +€119,463
up €119,463 (+55.6%), from €214,870 to €334,333
- Depreciation +€14,359
up €14,359 (+142.8%), from €10,055 to €24,414
- Financial charges -€8,635
down €8,635 (-50.2%), from €17,188 to €8,553
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 | €658,577 | €598,172 | -€60,405 | -9.2% |
| Fixed assets | 21/28 | €26,122 | €88,050 | +€61,928 | +237.1% |
| Tangible fixed assets | 22/27 | €20,674 | €82,602 | +€61,928 | +299.5% |
| Plant, machinery and equipment | 23 | €5,775 | €10,527 | +€4,752 | +82.3% |
| Furniture and vehicles | 24 | €3,292 | €63,172 | +€59,880 | +1819.1% |
| Other tangible fixed assets | 26 | €11,607 | €8,902 | -€2,704 | -23.3% |
| Financial fixed assets | 28 | €5,448 | €5,448 | = | 0.0% |
| Current assets | 29/58 | €632,454 | €510,122 | -€122,332 | -19.3% |
| Stocks and contracts in progress | 3 | €194,529 | €189,449 | -€5,080 | -2.6% |
| Stocks | 30/36 | €194,529 | €189,449 | -€5,080 | -2.6% |
| Amounts receivable within one year | 40/41 | €422,478 | €320,673 | -€101,805 | -24.1% |
| Trade receivables | 40 | €415,190 | €311,925 | -€103,265 | -24.9% |
| Other amounts receivable | 41 | €7,289 | €8,749 | +€1,460 | +20.0% |
| Cash at bank and in hand | 54/58 | €15,447 | - | -€15,447 | |
| Total equity and liabilities | 10/49 | €658,577 | €598,172 | -€60,405 | -9.2% |
| Equity | 10/15 | €62,302 | €67,950 | +€5,648 | +9.1% |
| Contributions | 10/11 | €38,600 | €38,600 | = | 0.0% |
| Reserves | 13 | €580 | €580 | = | 0.0% |
| Non-distributable reserves | 130/1 | €580 | €580 | = | 0.0% |
| Reserves not available under the articles | 1311 | €580 | €580 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,122 | €28,770 | +€5,648 | +24.4% |
| Amounts payable | 17/49 | €596,275 | €530,222 | -€66,053 | -11.1% |
| Amounts payable after more than one year | 17 | €226,074 | €211,535 | -€14,539 | -6.4% |
| Financial debts | 170/4 | €226,074 | €211,535 | -€14,539 | -6.4% |
| Amounts payable within one year | 42/48 | €370,201 | €318,687 | -€51,514 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €16,335 | €108,309 | +€91,973 | +563.0% |
| Financial debts | 43 | €70,000 | €70,966 | +€966 | +1.4% |
| Credit institutions | 430/8 | €70,000 | €70,966 | +€966 | +1.4% |
| Trade debts | 44 | €242,307 | €95,909 | -€146,399 | -60.4% |
| Suppliers | 440/4 | €242,307 | €95,909 | -€146,399 | -60.4% |
| Taxes, remuneration and social security | 45 | €25,627 | €32,788 | +€7,161 | +27.9% |
| Taxes | 450/3 | €3,197 | €14,404 | +€11,207 | +350.5% |
| Remuneration and social security | 454/9 | €22,430 | €18,384 | -€4,046 | -18.0% |
| Other amounts payable | 47/48 | €15,932 | €10,717 | -€5,215 | -32.7% |
| Remuneration, social security and pensions | 62 | €214,870 | €334,333 | +€119,463 | +55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,055 | €24,414 | +€14,359 | +142.8% |
| Other operating charges | 640/8 | €2,102 | €2,317 | +€215 | +10.2% |
| Gross operating margin | 9900 | €251,292 | €378,368 | +€127,076 | +50.6% |
| Operating profit (loss) | 9901 | €24,265 | €17,304 | -€6,961 | -28.7% |
| Financial income | 75/76B | €467 | €149 | -€318 | -68.1% |
| Recurring financial income | 75 | €372 | €149 | -€223 | -60.0% |
| Non-recurring financial income | 76B | €95 | €149 | +€54 | +56.4% |
| Financial charges | 65/66B | €17,188 | €8,553 | -€8,635 | -50.2% |
| Recurring financial charges | 65 | €17,188 | €8,553 | -€8,635 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | €7,544 | €8,899 | +€1,356 | +18.0% |
| Income taxes | 67/77 | €3,325 | €3,251 | -€73 | -2.2% |
| Profit (loss) for the period | 9904 | €4,219 | €5,648 | +€1,429 | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,219 | €5,648 | +€1,429 | +33.9% |
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 10 October 2026 via checked.be.