HUSAIN: 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.
HUSAIN
Largest movements
- Receivables within one year +€30,788
up €30,788 (+3414.5%), from €902 to €31,689
of which Trade receivables: +€28,865
- Tangible fixed assets +€18,236
up €18,236 (+55.2%), from €33,030 to €51,266
of which Plant, machinery and equipment: +€21,019
- Cash -€13,816
down €13,816 (-47.8%), from €28,883 to €15,067
mainly Receivables within one year (-€30,788) and Investment in fixed assets (net) (-€30,355)
- Deferred charges and accrued income -€1,310
down €1,310 (-90.3%), from €1,450 to €140
- Profit (loss) carried forward +€31,686
up €31,686 (+378.0%), from €8,382 to €40,068
- Tax, wage and social debts +€15,656
up €15,656 (+306.7%), from €5,104 to €20,759
- Current portion of long-term debt -€7,060
no longer reported in 2025 (was €7,060)
- Trade debts -€6,202
down €6,202 (-37.7%), from €16,471 to €10,269
- Gross operating margin -€31,693
down €31,693 (-37.2%), from €85,190 to €53,497
- Taxes -€6,293
down €6,293 (-41.3%), from €15,219 to €8,926
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 | €64,464 | €98,362 | +€33,898 | +52.6% |
| Fixed assets | 21/28 | €33,230 | €51,466 | +€18,236 | +54.9% |
| Tangible fixed assets | 22/27 | €33,030 | €51,266 | +€18,236 | +55.2% |
| Plant, machinery and equipment | 23 | €21,681 | €42,700 | +€21,019 | +96.9% |
| Furniture and vehicles | 24 | €11,349 | €3,238 | -€8,111 | -71.5% |
| Other tangible fixed assets | 26 | - | €5,328 | +€5,328 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €31,234 | €46,896 | +€15,662 | +50.1% |
| Amounts receivable within one year | 40/41 | €902 | €31,689 | +€30,788 | +3414.5% |
| Trade receivables | 40 | €195 | €29,060 | +€28,865 | +14818.4% |
| Other amounts receivable | 41 | €707 | €2,630 | +€1,923 | +272.0% |
| Cash at bank and in hand | 54/58 | €28,883 | €15,067 | -€13,816 | -47.8% |
| Deferred charges and accrued income | 490/1 | €1,450 | €140 | -€1,310 | -90.3% |
| Total equity and liabilities | 10/49 | €64,464 | €98,362 | +€33,898 | +52.6% |
| Equity | 10/15 | €35,648 | €67,334 | +€31,686 | +88.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,666 | €8,666 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €6,806 | €6,806 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,382 | €40,068 | +€31,686 | +378.0% |
| Amounts payable | 17/49 | €28,816 | €31,028 | +€2,212 | +7.7% |
| Amounts payable within one year | 42/48 | €28,635 | €31,028 | +€2,393 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €7,060 | - | -€7,060 | |
| Trade debts | 44 | €16,471 | €10,269 | -€6,202 | -37.7% |
| Suppliers | 440/4 | €16,471 | €10,269 | -€6,202 | -37.7% |
| Taxes, remuneration and social security | 45 | €5,104 | €20,759 | +€15,656 | +306.7% |
| Taxes | 450/3 | €5,104 | €20,759 | +€15,656 | +306.7% |
| Accrued charges and deferred income | 492/3 | €181 | - | -€181 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,269 | €12,119 | -€150 | -1.2% |
| Other operating charges | 640/8 | €387 | €595 | +€208 | +53.6% |
| Gross operating margin | 9900 | €85,190 | €53,497 | -€31,693 | -37.2% |
| Operating profit (loss) | 9901 | €72,534 | €40,783 | -€31,750 | -43.8% |
| Financial income | 75/76B | €13 | €76 | +€63 | +485.1% |
| Recurring financial income | 75 | €13 | €76 | +€63 | +485.1% |
| Financial charges | 65/66B | €294 | €247 | -€47 | -16.0% |
| Recurring financial charges | 65 | €294 | €247 | -€47 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €72,253 | €40,612 | -€31,641 | -43.8% |
| Income taxes | 67/77 | €15,219 | €8,926 | -€6,293 | -41.3% |
| Profit (loss) for the period | 9904 | €57,033 | €31,686 | -€25,347 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €57,033 | €31,686 | -€25,347 | -44.4% |
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 3 October 2026 via checked.be.