HUSKAY: 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.
HUSKAY
Largest movements
- Cash +€198,616
up €198,616 (+86.0%), from €231,074 to €429,690
mainly Receivables within one year (+€198,318) and Net result for the year (+€114,166)
- Receivables within one year -€198,318
down €198,318 (-76.3%), from €259,896 to €61,578
of which Trade receivables: -€228,829
- Tangible fixed assets -€93,949
down €93,949 (-25.1%), from €374,256 to €280,307
of which Land and buildings: -€171,239
- Current investments +€72,165
up €72,165 (+35.2%), from €204,866 to €277,031
- Reserves +€114,166
up €114,166 (+14.5%), from €785,085 to €899,251
- Provisions -€46,208
no longer reported in 2025 (was €46,208)
- Tax, wage and social debts -€41,161
no longer reported in 2025 (was €41,161)
- Debts after one year -€29,842
down €29,842 (-22.6%), from €131,961 to €102,118
- Current portion of long-term debt -€17,723
down €17,723 (-37.3%), from €47,565 to €29,842
- Gross operating margin -€115,063
down €115,063 (-33.6%), from €342,658 to €227,595
- Provisions -€46,208
new in 2025: -€46,208
- Taxes -€21,293
down €21,293 (-38.3%), from €55,570 to €34,277
- Depreciation +€18,114
up €18,114 (+31.1%), from €58,200 to €76,314
- Financial income +€17,655
up €17,655 (+197.8%), from €8,924 to €26,579
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 | €1,070,092 | €1,051,962 | -€18,130 | -1.7% |
| Fixed assets | 21/28 | €374,256 | €280,307 | -€93,949 | -25.1% |
| Tangible fixed assets | 22/27 | €374,256 | €280,307 | -€93,949 | -25.1% |
| Land and buildings | 22 | €291,848 | €120,609 | -€171,239 | -58.7% |
| Plant, machinery and equipment | 23 | €2,972 | €1,778 | -€1,195 | -40.2% |
| Furniture and vehicles | 24 | €79,436 | €157,920 | +€78,484 | +98.8% |
| Current assets | 29/58 | €695,836 | €771,655 | +€75,819 | +10.9% |
| Amounts receivable within one year | 40/41 | €259,896 | €61,578 | -€198,318 | -76.3% |
| Trade receivables | 40 | €252,811 | €23,983 | -€228,829 | -90.5% |
| Other amounts receivable | 41 | €7,085 | €37,595 | +€30,511 | +430.7% |
| Current investments | 50/53 | €204,866 | €277,031 | +€72,165 | +35.2% |
| Cash at bank and in hand | 54/58 | €231,074 | €429,690 | +€198,616 | +86.0% |
| Deferred charges and accrued income | 490/1 | - | €3,356 | +€3,356 | |
| Total equity and liabilities | 10/49 | €1,070,092 | €1,051,962 | -€18,130 | -1.7% |
| Equity | 10/15 | €791,285 | €905,451 | +€114,166 | +14.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €785,085 | €899,251 | +€114,166 | +14.5% |
| Distributable reserves | 133 | €785,085 | €899,251 | +€114,166 | +14.5% |
| Provisions and deferred taxes | 16 | €46,208 | - | -€46,208 | |
| Provisions for liabilities and charges | 160/5 | €46,208 | - | -€46,208 | |
| Environmental obligations | 163 | €46,208 | - | -€46,208 | |
| Amounts payable | 17/49 | €232,599 | €146,511 | -€86,088 | -37.0% |
| Amounts payable after more than one year | 17 | €131,961 | €102,118 | -€29,842 | -22.6% |
| Financial debts | 170/4 | €131,961 | €102,118 | -€29,842 | -22.6% |
| Amounts payable within one year | 42/48 | €100,638 | €44,392 | -€56,246 | -55.9% |
| Current portion of amounts payable after more than one year | 42 | €47,565 | €29,842 | -€17,723 | -37.3% |
| Trade debts | 44 | €10,282 | €8,985 | -€1,296 | -12.6% |
| Suppliers | 440/4 | €10,282 | €8,985 | -€1,296 | -12.6% |
| Taxes, remuneration and social security | 45 | €41,161 | - | -€41,161 | |
| Taxes | 450/3 | €41,161 | - | -€41,161 | |
| Other amounts payable | 47/48 | €1,630 | €5,565 | +€3,935 | +241.4% |
| Non-recurring operating income | 76A | €19,422 | €44,949 | +€25,527 | +131.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,200 | €76,314 | +€18,114 | +31.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€46,208 | -€46,208 | |
| Other operating charges | 640/8 | €4,139 | €3,076 | -€1,062 | -25.7% |
| Gross operating margin | 9900 | €342,658 | €227,595 | -€115,063 | -33.6% |
| Operating profit (loss) | 9901 | €280,320 | €194,413 | -€85,906 | -30.6% |
| Financial income | 75/76B | €8,924 | €26,579 | +€17,655 | +197.8% |
| Recurring financial income | 75 | €8,924 | €26,579 | +€17,655 | +197.8% |
| Financial charges | 65/66B | €66,095 | €72,549 | +€6,454 | +9.8% |
| Recurring financial charges | 65 | €66,095 | €72,549 | +€6,454 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €223,148 | €148,443 | -€74,705 | -33.5% |
| Income taxes | 67/77 | €55,570 | €34,277 | -€21,293 | -38.3% |
| Profit (loss) for the period | 9904 | €167,578 | €114,166 | -€53,412 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €167,578 | €114,166 | -€53,412 | -31.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.