HUSQUIN & Co: 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.
HUSQUIN & Co
Largest movements
- Receivables within one year -€146,877
down €146,877 (-40.6%), from €361,607 to €214,731
of which Trade receivables: -€161,560
- Tangible fixed assets -€59,131
down €59,131 (-23.5%), from €252,028 to €192,896
of which Other tangible fixed assets: -€36,162
- Trade debts -€149,915
down €149,915 (-49.3%), from €304,064 to €154,148
- Tax, wage and social debts -€43,207
down €43,207 (-44.6%), from €96,879 to €53,672
of which Remuneration and social security: -€22,829
- Short-term financial debts +€29,000
up €29,000 (+35.8%), from €81,000 to €110,000
- Accrued charges and deferred income -€27,246
down €27,246 (-94.1%), from €28,943 to €1,696
- Debts after one year -€17,932
down €17,932 (-6.6%), from €273,034 to €255,102
of which Financial debts: -€37,932
- Staff costs -€35,171
down €35,171 (-7.1%), from €494,776 to €459,605
- Write-downs +€26,538
up €26,538, from -€942 to €25,597
- Financial income -€11,022
down €11,022 (-40.4%), from €27,282 to €16,260
of which Non-recurring financial income: -€11,650
- Depreciation +€10,192
up €10,192 (+20.8%), from €48,939 to €59,131
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 | €1,650,785 | €1,453,440 | -€197,345 | -12.0% |
| Fixed assets | 21/28 | €252,652 | €193,520 | -€59,131 | -23.4% |
| Tangible fixed assets | 22/27 | €252,028 | €192,896 | -€59,131 | -23.5% |
| Plant, machinery and equipment | 23 | €43 | - | -€43 | |
| Furniture and vehicles | 24 | €62,343 | €39,417 | -€22,927 | -36.8% |
| Other tangible fixed assets | 26 | €189,642 | €153,480 | -€36,162 | -19.1% |
| Financial fixed assets | 28 | €624 | €624 | = | 0.0% |
| Current assets | 29/58 | €1,398,133 | €1,259,919 | -€138,214 | -9.9% |
| Stocks and contracts in progress | 3 | €1,002,726 | €1,012,985 | +€10,259 | +1.0% |
| Stocks | 30/36 | €1,002,726 | €1,012,985 | +€10,259 | +1.0% |
| Amounts receivable within one year | 40/41 | €361,607 | €214,731 | -€146,877 | -40.6% |
| Trade receivables | 40 | €349,563 | €188,004 | -€161,560 | -46.2% |
| Other amounts receivable | 41 | €12,044 | €26,727 | +€14,683 | +122% |
| Cash at bank and in hand | 54/58 | €16,962 | €3,867 | -€13,094 | -77.2% |
| Deferred charges and accrued income | 490/1 | €16,838 | €28,336 | +€11,498 | +68.3% |
| Total equity and liabilities | 10/49 | €1,650,785 | €1,453,440 | -€197,345 | -12.0% |
| Equity | 10/15 | €809,865 | €827,099 | +€17,234 | +2.1% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €610,000 | €610,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €585,000 | €585,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,365 | €154,599 | +€17,234 | +12.5% |
| Amounts payable | 17/49 | €840,920 | €626,341 | -€214,579 | -25.5% |
| Amounts payable after more than one year | 17 | €273,034 | €255,102 | -€17,932 | -6.6% |
| Financial debts | 170/4 | €128,034 | €90,102 | -€37,932 | -29.6% |
| Other amounts payable | 178/9 | €145,000 | €165,000 | +€20,000 | +13.8% |
| Amounts payable within one year | 42/48 | €538,944 | €369,543 | -€169,401 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €57,001 | €51,723 | -€5,278 | -9.3% |
| Financial debts | 43 | €81,000 | €110,000 | +€29,000 | +35.8% |
| Credit institutions | 430/8 | €81,000 | €110,000 | +€29,000 | +35.8% |
| Trade debts | 44 | €304,064 | €154,148 | -€149,915 | -49.3% |
| Suppliers | 440/4 | €304,064 | €154,148 | -€149,915 | -49.3% |
| Taxes, remuneration and social security | 45 | €96,879 | €53,672 | -€43,207 | -44.6% |
| Taxes | 450/3 | €37,715 | €17,337 | -€20,378 | -54.0% |
| Remuneration and social security | 454/9 | €59,164 | €36,334 | -€22,829 | -38.6% |
| Accrued charges and deferred income | 492/3 | €28,943 | €1,696 | -€27,246 | -94.1% |
| Remuneration, social security and pensions | 62 | €494,776 | €459,605 | -€35,171 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,939 | €59,131 | +€10,192 | +20.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€942 | €25,597 | +€26,538 | |
| Other operating charges | 640/8 | €4,387 | €2,888 | -€1,499 | -34.2% |
| Gross operating margin | 9900 | €596,779 | €596,443 | -€336 | -0.1% |
| Operating profit (loss) | 9901 | €49,618 | €49,221 | -€398 | -0.8% |
| Financial income | 75/76B | €27,282 | €16,260 | -€11,022 | -40.4% |
| Recurring financial income | 75 | €15,632 | €16,260 | +€628 | +4.0% |
| Non-recurring financial income | 76B | €11,650 | - | -€11,650 | |
| Financial charges | 65/66B | €36,221 | €37,931 | +€1,710 | +4.7% |
| Recurring financial charges | 65 | €36,221 | €37,931 | +€1,710 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €40,680 | €27,550 | -€13,129 | -32.3% |
| Income taxes | 67/77 | €10,683 | €10,317 | -€366 | -3.4% |
| Profit (loss) for the period | 9904 | €29,996 | €17,234 | -€12,763 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,996 | €17,234 | -€12,763 | -42.5% |
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 30 October 2026 via checked.be.