HUSTLER: 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.
HUSTLER
Largest movements
- Receivables within one year +€44,575
up €44,575 (+161.2%), from €27,657 to €72,232
- Tangible fixed assets -€1,960
down €1,960 (-32.4%), from €6,046 to €4,086
- Stocks and contracts +€1,626
new in 2025: €1,626
- Cash +€1,401
up €1,401 (+19.8%), from €7,078 to €8,479
mainly Trade debts (+€49,493) and Net result for the year (+€10,611)
- Trade debts +€49,493
up €49,493 (+147.3%), from €33,605 to €83,098
- Contributions -€12,669
down €12,669 (-97.7%), from €12,969 to €300
- Tax, wage and social debts -€11,792
down €11,792 (-32.8%), from €35,947 to €24,154
of which Remuneration and social security: -€12,274
- Profit (loss) carried forward +€10,611
up €10,611 (+27.9%), from -€38,031 to -€27,420
- Debts after one year +€10,000
new in 2025: €10,000
- Turnover +€60,790
up €60,790 (+65.5%), from €92,763 to €153,552
- Gross operating margin +€54,468
up €54,468 (+251.4%), from €21,665 to €76,133
- Purchases and services +€6,211
up €6,211 (+8.7%), from €71,440 to €77,651
- Staff costs +€3,360
up €3,360 (+6.0%), from €55,693 to €59,053
- Other operating charges +€3,041
up €3,041 (+207.1%), from €1,468 to €4,510
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 | €44,490 | €90,132 | +€45,642 | +102.6% |
| Fixed assets | 21/28 | €9,755 | €7,795 | -€1,960 | -20.1% |
| Tangible fixed assets | 22/27 | €6,046 | €4,086 | -€1,960 | -32.4% |
| Furniture and vehicles | 24 | €6,046 | €4,086 | -€1,960 | -32.4% |
| Financial fixed assets | 28 | €3,708 | €3,708 | = | 0.0% |
| Current assets | 29/58 | €34,735 | €82,337 | +€47,602 | +137.0% |
| Stocks and contracts in progress | 3 | - | €1,626 | +€1,626 | |
| Stocks | 30/36 | - | €1,626 | +€1,626 | |
| Amounts receivable within one year | 40/41 | €27,657 | €72,232 | +€44,575 | +161.2% |
| Trade receivables | 40 | €27,657 | €72,232 | +€44,575 | +161.2% |
| Cash at bank and in hand | 54/58 | €7,078 | €8,479 | +€1,401 | +19.8% |
| Total equity and liabilities | 10/49 | €44,490 | €90,132 | +€45,642 | +102.6% |
| Equity | 10/15 | -€25,062 | -€27,120 | -€2,058 | -8.2% |
| Contributions | 10/11 | €12,969 | €300 | -€12,669 | -97.7% |
| Profit (loss) carried forward | 14 | -€38,031 | -€27,420 | +€10,611 | +27.9% |
| Amounts payable | 17/49 | €69,552 | €117,252 | +€47,700 | +68.6% |
| Amounts payable after more than one year | 17 | - | €10,000 | +€10,000 | |
| Other amounts payable | 178/9 | - | €10,000 | +€10,000 | |
| Amounts payable within one year | 42/48 | €69,552 | €107,252 | +€37,700 | +54.2% |
| Trade debts | 44 | €33,605 | €83,098 | +€49,493 | +147.3% |
| Suppliers | 440/4 | €33,605 | €83,098 | +€49,493 | +147.3% |
| Taxes, remuneration and social security | 45 | €35,947 | €24,154 | -€11,792 | -32.8% |
| Taxes | 450/3 | €2,448 | €2,929 | +€481 | +19.7% |
| Remuneration and social security | 454/9 | €33,499 | €21,225 | -€12,274 | -36.6% |
| Turnover | 70 | €92,763 | €153,552 | +€60,790 | +65.5% |
| Non-recurring operating income | 76A | €90 | - | -€90 | |
| Goods, raw materials, services and sundry goods | 60/61 | €71,440 | €77,651 | +€6,211 | +8.7% |
| Remuneration, social security and pensions | 62 | €55,693 | €59,053 | +€3,360 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,960 | €1,960 | = | 0.0% |
| Other operating charges | 640/8 | €1,468 | €4,510 | +€3,041 | +207.1% |
| Gross operating margin | 9900 | €21,665 | €76,133 | +€54,468 | +251.4% |
| Operating profit (loss) | 9901 | -€37,456 | €10,611 | +€48,067 | |
| Financial charges | 65/66B | €37 | - | -€37 | |
| Recurring financial charges | 65 | €37 | - | -€37 | |
| Profit (loss) for the period before taxes | 9903 | -€37,493 | €10,611 | +€48,104 | |
| Income taxes | 67/77 | €778 | - | -€778 | |
| Profit (loss) for the period | 9904 | -€38,271 | €10,611 | +€48,882 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,271 | €10,611 | +€48,882 |
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.