HUSSAR: 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.
HUSSAR
Largest movements
- Receivables within one year +€31,058
up €31,058 (+39.5%), from €78,620 to €109,678
- Stocks and contracts +€23,828
up €23,828 (+62.8%), from €37,964 to €61,792
- Cash -€22,754
down €22,754 (-22.5%), from €101,063 to €78,308
mainly Receivables within one year (-€31,058) and Stocks and contracts (-€23,828)
- Trade debts +€20,402
up €20,402 (+27.9%), from €73,216 to €93,618
- Profit (loss) carried forward +€16,262
up €16,262 (+103.9%), from €15,654 to €31,916
- Advances received -€4,229
down €4,229 (-47.6%), from €8,892 to €4,663
- Turnover -€955,780
no longer reported in 2025 (was €955,780)
- Purchases and services -€919,485
no longer reported in 2025 (was €919,485)
- Gross operating margin +€85,273
up €85,273 (+230.8%), from €36,942 to €122,216
- Staff costs +€67,847
up €67,847 (+259.9%), from €26,107 to €93,953
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 | €229,087 | €263,706 | +€34,619 | +15.1% |
| Fixed assets | 21/28 | €7,344 | €9,281 | +€1,936 | +26.4% |
| Tangible fixed assets | 22/27 | €7,344 | €9,281 | +€1,936 | +26.4% |
| Plant, machinery and equipment | 23 | €2,224 | €1,331 | -€893 | -40.2% |
| Furniture and vehicles | 24 | €2,299 | €6,112 | +€3,813 | +165.8% |
| Other tangible fixed assets | 26 | €2,821 | €1,838 | -€983 | -34.9% |
| Current assets | 29/58 | €221,742 | €254,425 | +€32,683 | +14.7% |
| Stocks and contracts in progress | 3 | €37,964 | €61,792 | +€23,828 | +62.8% |
| Stocks | 30/36 | €37,964 | €61,792 | +€23,828 | +62.8% |
| Amounts receivable within one year | 40/41 | €78,620 | €109,678 | +€31,058 | +39.5% |
| Trade receivables | 40 | €78,620 | €109,678 | +€31,058 | +39.5% |
| Cash at bank and in hand | 54/58 | €101,063 | €78,308 | -€22,754 | -22.5% |
| Deferred charges and accrued income | 490/1 | €4,095 | €4,646 | +€551 | +13.5% |
| Total equity and liabilities | 10/49 | €229,087 | €263,706 | +€34,619 | +15.1% |
| Equity | 10/15 | €97,654 | €113,916 | +€16,262 | +16.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €80,000 | €80,000 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,654 | €31,916 | +€16,262 | +103.9% |
| Amounts payable | 17/49 | €131,433 | €149,790 | +€18,357 | +14.0% |
| Amounts payable within one year | 42/48 | €131,433 | €149,790 | +€18,357 | +14.0% |
| Trade debts | 44 | €73,216 | €93,618 | +€20,402 | +27.9% |
| Suppliers | 440/4 | €73,216 | €93,618 | +€20,402 | +27.9% |
| Advances received on contracts in progress | 46 | €8,892 | €4,663 | -€4,229 | -47.6% |
| Taxes, remuneration and social security | 45 | €49,325 | €51,509 | +€2,185 | +4.4% |
| Taxes | 450/3 | €42,586 | €31,744 | -€10,842 | -25.5% |
| Remuneration and social security | 454/9 | €6,738 | €19,765 | +€13,027 | +193.3% |
| Turnover | 70 | €955,780 | - | -€955,780 | |
| Goods, raw materials, services and sundry goods | 60/61 | €919,485 | - | -€919,485 | |
| Remuneration, social security and pensions | 62 | €26,107 | €93,953 | +€67,847 | +259.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,360 | €3,594 | +€1,234 | +52.3% |
| Other operating charges | 640/8 | €1,626 | €700 | -€926 | -56.9% |
| Gross operating margin | 9900 | €36,942 | €122,216 | +€85,273 | +230.8% |
| Operating profit (loss) | 9901 | €6,850 | €23,968 | +€17,118 | +249.9% |
| Financial income | 75/76B | €325 | €169 | -€156 | -48.0% |
| Recurring financial income | 75 | €325 | €169 | -€156 | -48.0% |
| Financial charges | 65/66B | €449 | €1,607 | +€1,158 | +257.6% |
| Recurring financial charges | 65 | €449 | €1,607 | +€1,158 | +257.6% |
| Profit (loss) for the period before taxes | 9903 | €6,726 | €22,530 | +€15,805 | +235.0% |
| Income taxes | 67/77 | €3,782 | €6,268 | +€2,486 | +65.7% |
| Profit (loss) for the period | 9904 | €2,943 | €16,262 | +€13,319 | +452.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,943 | €16,262 | +€13,319 | +452.5% |
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 6 October 2026 via checked.be.