Hurecon: 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.
Hurecon
Largest movements
- Tangible fixed assets -€41,003
down €41,003 (-7.7%), from €530,472 to €489,469
of which Land and buildings: -€40,365
- Cash -€9,840
down €9,840 (-29.6%), from €33,198 to €23,359
mainly Debts after one year (-€42,974) and Receivables within one year (-€6,056)
- Debts after one year -€42,974
down €42,974 (-11.9%), from €361,683 to €318,709
of which Financial debts: -€31,974
- Gross operating margin -€1,601
down €1,601 (-2.8%), from €57,532 to €55,931
- Financial charges -€770
down €770 (-12.7%), from €6,049 to €5,279
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 | €607,968 | €565,820 | -€42,148 | -6.9% |
| Fixed assets | 21/28 | €530,472 | €489,469 | -€41,003 | -7.7% |
| Tangible fixed assets | 22/27 | €530,472 | €489,469 | -€41,003 | -7.7% |
| Land and buildings | 22 | €528,263 | €487,898 | -€40,365 | -7.6% |
| Plant, machinery and equipment | 23 | €2,209 | €1,572 | -€638 | -28.9% |
| Current assets | 29/58 | €77,495 | €76,350 | -€1,145 | -1.5% |
| Stocks and contracts in progress | 3 | €34,302 | €37,274 | +€2,972 | +8.7% |
| Stocks | 30/36 | €34,302 | €37,274 | +€2,972 | +8.7% |
| Amounts receivable within one year | 40/41 | €9,477 | €15,533 | +€6,056 | +63.9% |
| Trade receivables | 40 | €9,477 | €15,533 | +€6,056 | +63.9% |
| Cash at bank and in hand | 54/58 | €33,198 | €23,359 | -€9,840 | -29.6% |
| Deferred charges and accrued income | 490/1 | €518 | €185 | -€333 | -64.3% |
| Total equity and liabilities | 10/49 | €607,968 | €565,820 | -€42,148 | -6.9% |
| Equity | 10/15 | €197,385 | €199,652 | +€2,267 | +1.1% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €29,195 | €31,861 | +€2,666 | +9.1% |
| Distributable reserves | 133 | €29,195 | €31,861 | +€2,666 | +9.1% |
| Profit (loss) carried forward | 14 | €28,190 | €27,791 | -€399 | -1.4% |
| Amounts payable | 17/49 | €410,583 | €366,168 | -€44,415 | -10.8% |
| Amounts payable after more than one year | 17 | €361,683 | €318,709 | -€42,974 | -11.9% |
| Financial debts | 170/4 | €146,683 | €114,709 | -€31,974 | -21.8% |
| Other amounts payable | 178/9 | €215,000 | €204,000 | -€11,000 | -5.1% |
| Amounts payable within one year | 42/48 | €48,900 | €47,459 | -€1,441 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €31,014 | €31,974 | +€961 | +3.1% |
| Trade debts | 44 | €3,531 | €4,030 | +€499 | +14.1% |
| Suppliers | 440/4 | €3,531 | €4,030 | +€499 | +14.1% |
| Taxes, remuneration and social security | 45 | €12,895 | €7,152 | -€5,743 | -44.5% |
| Taxes | 450/3 | €8,795 | €7,152 | -€1,643 | -18.7% |
| Remuneration and social security | 454/9 | €4,100 | - | -€4,100 | |
| Other amounts payable | 47/48 | €1,461 | €4,303 | +€2,842 | +194.6% |
| Non-recurring operating income | 76A | €4,000 | - | -€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,754 | €41,457 | -€297 | -0.7% |
| Other operating charges | 640/8 | €5,392 | €5,225 | -€167 | -3.1% |
| Gross operating margin | 9900 | €57,532 | €55,931 | -€1,601 | -2.8% |
| Operating profit (loss) | 9901 | €10,386 | €9,249 | -€1,137 | -10.9% |
| Financial income | 75/76B | €1 | €19 | +€18 | +1288.5% |
| Recurring financial income | 75 | €1 | €19 | +€18 | +1288.5% |
| Financial charges | 65/66B | €6,049 | €5,279 | -€770 | -12.7% |
| Recurring financial charges | 65 | €6,049 | €5,279 | -€770 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €4,338 | €3,989 | -€349 | -8.0% |
| Income taxes | 67/77 | €658 | €532 | -€126 | -19.2% |
| Profit (loss) for the period | 9904 | €3,680 | €3,457 | -€223 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,680 | €3,457 | -€223 | -6.1% |
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 29 September 2026 via checked.be.