Husk: 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.
Husk
Largest movements
- Tangible fixed assets +€401,463
new in 2025: €401,463
of which Land and buildings: +€389,803
- Debts after one year +€386,414
up €386,414 (+79.6%), from €485,548 to €871,962
of which Financial debts: +€325,890
- Current portion of long-term debt +€13,390
up €13,390 (+58.9%), from €22,719 to €36,109
- Depreciation +€64,669
new in 2025: €64,669
- Gross operating margin +€22,949
up €22,949 (+38.6%), from €59,407 to €82,355
- Taxes -€10,633
down €10,633 (-95.9%), from €11,086 to €453
- Financial charges +€4,890
up €4,890 (+56.8%), from €8,605 to €13,495
- Other operating charges +€1,386
up €1,386 (+682%), from €203 to €1,589
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 | €581,837 | €981,216 | +€399,379 | +68.6% |
| Fixed assets | 21/28 | €563,308 | €964,771 | +€401,463 | +71.3% |
| Tangible fixed assets | 22/27 | - | €401,463 | +€401,463 | |
| Land and buildings | 22 | - | €389,803 | +€389,803 | |
| Other tangible fixed assets | 26 | - | €11,660 | +€11,660 | |
| Financial fixed assets | 28 | €563,308 | €563,308 | = | 0.0% |
| Current assets | 29/58 | €18,529 | €16,445 | -€2,084 | -11.2% |
| Amounts receivable within one year | 40/41 | €5,890 | €159 | -€5,730 | -97.3% |
| Trade receivables | 40 | €5,857 | - | -€5,857 | |
| Other amounts receivable | 41 | €33 | €159 | +€126 | +384% |
| Cash at bank and in hand | 54/58 | €12,639 | €16,286 | +€3,647 | +28.9% |
| Total equity and liabilities | 10/49 | €581,837 | €981,216 | +€399,379 | +68.6% |
| Equity | 10/15 | €45,378 | €45,446 | +€68 | +0.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €42,378 | €42,446 | +€68 | +0.2% |
| Distributable reserves | 133 | €42,378 | €42,446 | +€68 | +0.2% |
| Amounts payable | 17/49 | €536,459 | €935,770 | +€399,311 | +74.4% |
| Amounts payable after more than one year | 17 | €485,548 | €871,962 | +€386,414 | +79.6% |
| Financial debts | 170/4 | €128,858 | €454,748 | +€325,890 | +253% |
| Other amounts payable | 178/9 | €356,690 | €417,215 | +€60,524 | +17.0% |
| Amounts payable within one year | 42/48 | €50,911 | €63,808 | +€12,897 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €22,719 | €36,109 | +€13,390 | +58.9% |
| Trade debts | 44 | €1,449 | €446 | -€1,003 | -69.2% |
| Suppliers | 440/4 | €1,449 | €446 | -€1,003 | -69.2% |
| Taxes, remuneration and social security | 45 | €19,683 | €19,756 | +€73 | +0.4% |
| Taxes | 450/3 | €17,923 | €17,356 | -€567 | -3.2% |
| Remuneration and social security | 454/9 | €1,760 | €2,400 | +€640 | +36.4% |
| Other amounts payable | 47/48 | €7,060 | €7,497 | +€437 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €64,669 | +€64,669 | |
| Other operating charges | 640/8 | €203 | €1,589 | +€1,386 | +682% |
| Gross operating margin | 9900 | €59,407 | €82,355 | +€22,949 | +38.6% |
| Operating profit (loss) | 9901 | €59,204 | €16,098 | -€43,106 | -72.8% |
| Financial charges | 65/66B | €8,605 | €13,495 | +€4,890 | +56.8% |
| Recurring financial charges | 65 | €8,605 | €13,495 | +€4,890 | +56.8% |
| Profit (loss) for the period before taxes | 9903 | €50,599 | €2,603 | -€47,996 | -94.9% |
| Income taxes | 67/77 | €11,086 | €453 | -€10,633 | -95.9% |
| Profit (loss) for the period | 9904 | €39,513 | €2,150 | -€37,363 | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,513 | €2,150 | -€37,363 | -94.6% |
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 17 October 2026 via checked.be.