HUSH: 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.
What changed
HUSH
NACE 46.412, Wholesale of household textiles and bedding
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€16,236
2023 · €18,562-€2,326
Equity
-€374,062
2023 · -€393,137+€19,075
Cash
-
2023 · €0
Balance sheet total
€847,762
2023 · €1.4m-€522,675
Largest movements
Assets
- Stocks and contracts -€313,294
down €313,294 (-29.4%), from €1.1m to €753,726
- Receivables within one year -€182,728
down €182,728 (-78.8%), from €231,953 to €49,225
of which Trade receivables: -€182,404
- Tangible fixed assets -€18,600
down €18,600 (-29.3%), from €63,404 to €44,804
of which Other tangible fixed assets: -€18,375
Equity and liabilities
- Trade debts -€489,994
down €489,994 (-64.3%), from €761,858 to €271,863
- Short-term financial debts -€115,759
no longer reported in 2024 (was €115,759)
of which Other loans: -€80,000
- Accrued charges and deferred income -€90,500
no longer reported in 2024 (was €90,500)
- Debts after one year +€88,036
up €88,036, from €0 to €88,036
of which Financial debts: +€88,036
- Other debts +€71,486
up €71,486 (+10.3%), from €696,814 to €768,300
Income statement
- Purchases and services -€192,475
down €192,475 (-16.0%), from €1.2m to €1.0m
- Turnover -€190,208
down €190,208 (-13.6%), from €1.4m to €1.2m
From the 2023 result to the 2024 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.
Result 2023
€18,562
Gross operating margin
+€2,267
Staff costs
+€4,958
Depreciation
+€472
Other operating charges
-€584
Financial income
+€27
Financial charges
-€8,762
Taxes
-€705
Result 2024
€16,236
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€30,164
Investment
€0
Financing
-€30,164
Cash 2023
€0
From operations (derived)
+€30,164
Net result for the year
+€16,236
Depreciation
+€18,600
Stocks and contracts
+€313,294
Receivables within one year
+€182,728
Deferred charges and accrued income
+€8,052
Trade debts
-€489,994
Tax, wage and social debts
+€2,158
Advances received
-€1,896
Other debts
+€71,486
Accrued charges and deferred income
-€90,500
Financing
-€30,164
Debts after one year
+€88,036
Current portion of long-term debt
-€5,281
Short-term financial debts
-€115,759
Contributions, distributions and other
+€2,839
Cash 2024
€0
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,370,437 | €847,762 | -€522,675 | -38.1% |
| Fixed assets | 21/28 | €63,410 | €44,811 | -€18,600 | -29.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €63,404 | €44,804 | -€18,600 | -29.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €700 | €476 | -€225 | -32.1% |
| Other tangible fixed assets | 26 | €62,704 | €44,328 | -€18,375 | -29.3% |
| Financial fixed assets | 28 | €7 | €7 | = | 0.0% |
| Current assets | 29/58 | €1,307,027 | €802,952 | -€504,075 | -38.6% |
| Stocks and contracts in progress | 3 | €1,067,021 | €753,726 | -€313,294 | -29.4% |
| Stocks | 30/36 | €1,067,021 | €753,726 | -€313,294 | -29.4% |
| Amounts receivable within one year | 40/41 | €231,953 | €49,225 | -€182,728 | -78.8% |
| Trade receivables | 40 | €229,381 | €46,977 | -€182,404 | -79.5% |
| Other amounts receivable | 41 | €2,572 | €2,248 | -€325 | -12.6% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €8,052 | - | -€8,052 | |
| Total equity and liabilities | 10/49 | €1,370,437 | €847,762 | -€522,675 | -38.1% |
| Equity | 10/15 | -€393,137 | -€374,062 | +€19,075 | +4.9% |
| Contributions | 10/11 | €12,197 | €12,197 | = | 0.0% |
| Reserves | 13 | €6,542 | €6,542 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €116 | €116 | = | 0.0% |
| Distributable reserves | 133 | €4,567 | €4,567 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€411,876 | -€392,801 | +€19,075 | +4.6% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Amounts payable | 17/49 | €1,763,574 | €1,221,824 | -€541,750 | -30.7% |
| Amounts payable after more than one year | 17 | €0 | €88,036 | +€88,036 | |
| Financial debts | 170/4 | €0 | €88,036 | +€88,036 | |
| Trade debts | 175 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €1,673,074 | €1,133,787 | -€539,286 | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €5,281 | - | -€5,281 | |
| Financial debts | 43 | €115,759 | - | -€115,759 | |
| Credit institutions | 430/8 | €35,759 | - | -€35,759 | |
| Other loans | 439 | €80,000 | - | -€80,000 | |
| Trade debts | 44 | €761,858 | €271,863 | -€489,994 | -64.3% |
| Suppliers | 440/4 | €761,858 | €271,863 | -€489,994 | -64.3% |
| Advances received on contracts in progress | 46 | €1,896 | - | -€1,896 | |
| Taxes, remuneration and social security | 45 | €91,466 | €93,624 | +€2,158 | +2.4% |
| Taxes | 450/3 | €67,562 | €68,597 | +€1,034 | +1.5% |
| Remuneration and social security | 454/9 | €23,904 | €25,027 | +€1,123 | +4.7% |
| Other amounts payable | 47/48 | €696,814 | €768,300 | +€71,486 | +10.3% |
| Accrued charges and deferred income | 492/3 | €90,500 | - | -€90,500 | |
| Turnover | 70 | €1,402,139 | €1,211,932 | -€190,208 | -13.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,206,695 | €1,014,220 | -€192,475 | -16.0% |
| Remuneration, social security and pensions | 62 | €154,069 | €149,111 | -€4,958 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,071 | €18,600 | -€472 | -2.5% |
| Other operating charges | 640/8 | €168 | €751 | +€584 | +347.9% |
| Gross operating margin | 9900 | €195,444 | €197,711 | +€2,267 | +1.2% |
| Operating profit (loss) | 9901 | €22,136 | €29,249 | +€7,113 | +32.1% |
| Financial income | 75/76B | €0 | €27 | +€27 | |
| Recurring financial income | 75 | €0 | €27 | +€27 | |
| Non-recurring financial income | 76B | - | €27 | +€27 | |
| Financial charges | 65/66B | €3,574 | €12,336 | +€8,762 | +245.1% |
| Recurring financial charges | 65 | €3,574 | €12,336 | +€8,762 | +245.1% |
| Profit (loss) for the period before taxes | 9903 | €18,562 | €16,940 | -€1,621 | -8.7% |
| Income taxes | 67/77 | - | €705 | +€705 | |
| Profit (loss) for the period | 9904 | €18,562 | €16,236 | -€2,326 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,562 | €16,236 | -€2,326 | -12.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2023 and 30 November 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.