HUSUCARREN: 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.
HUSUCARREN
Largest movements
- Cash +€921,361
up €921,361 (+144.4%), from €638,178 to €1.6m
mainly Net result for the year (+€637,296) and Investment in fixed assets (net) (+€392,156)
- Tangible fixed assets -€395,599
down €395,599 (-68.7%), from €575,747 to €180,148
of which Land and buildings: -€387,987
- Receivables within one year +€150,594
up €150,594 (+1601.1%), from €9,406 to €160,000
- Reserves +€637,296
up €637,296 (+104.9%), from €607,654 to €1.2m
of which Distributable reserves: +€637,296
- Tax, wage and social debts +€37,405
up €37,405, from €0 to €37,405
- Gross operating margin +€891,563
up €891,563 (+1565.9%), from €56,936 to €948,499
- Taxes +€285,445
up €285,445 (+2386.7%), from €11,960 to €297,405
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 | €1,223,331 | €1,899,687 | +€676,356 | +55.3% |
| Fixed assets | 21/28 | €575,747 | €180,148 | -€395,599 | -68.7% |
| Tangible fixed assets | 22/27 | €575,747 | €180,148 | -€395,599 | -68.7% |
| Land and buildings | 22 | €568,005 | €180,018 | -€387,987 | -68.3% |
| Plant, machinery and equipment | 23 | €7,742 | €130 | -€7,612 | -98.3% |
| Current assets | 29/58 | €647,584 | €1,719,539 | +€1.1m | +165.5% |
| Amounts receivable within one year | 40/41 | €9,406 | €160,000 | +€150,594 | +1601.1% |
| Other amounts receivable | 41 | €9,406 | €160,000 | +€150,594 | +1601.1% |
| Cash at bank and in hand | 54/58 | €638,178 | €1,559,539 | +€921,361 | +144.4% |
| Total equity and liabilities | 10/49 | €1,223,331 | €1,899,687 | +€676,356 | +55.3% |
| Equity | 10/15 | €1,223,250 | €1,860,546 | +€637,296 | +52.1% |
| Contributions | 10/11 | €573,368 | €573,368 | = | 0.0% |
| Capital | 10 | €547,339 | €547,339 | = | 0.0% |
| Issued capital | 100 | €547,339 | €547,339 | = | 0.0% |
| Outside capital | 11 | €26,029 | €26,029 | = | 0.0% |
| Share premium | 1100/10 | €26,029 | €26,029 | = | 0.0% |
| Reserves | 13 | €607,654 | €1,244,950 | +€637,296 | +104.9% |
| Non-distributable reserves | 130/1 | €54,734 | €54,734 | = | 0.0% |
| Legal reserve | 130 | €54,734 | €54,734 | = | 0.0% |
| Distributable reserves | 133 | €552,920 | €1,190,216 | +€637,296 | +115.3% |
| Profit (loss) carried forward | 14 | €42,228 | €42,228 | = | 0.0% |
| Amounts payable | 17/49 | €80 | €39,141 | +€39,061 | +48528.6% |
| Amounts payable within one year | 42/48 | €80 | €39,141 | +€39,061 | +48528.6% |
| Trade debts | 44 | €80 | €765 | +€684 | +850.4% |
| Suppliers | 440/4 | €80 | €765 | +€684 | +850.4% |
| Taxes, remuneration and social security | 45 | €0 | €37,405 | +€37,405 | |
| Taxes | 450/3 | €0 | €37,405 | +€37,405 | |
| Other amounts payable | 47/48 | €0 | €972 | +€972 | |
| Non-recurring operating income | 76A | - | €932,844 | +€932,844 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,331 | €3,443 | -€5,888 | -63.1% |
| Other operating charges | 640/8 | €10,024 | €10,246 | +€222 | +2.2% |
| Gross operating margin | 9900 | €56,936 | €948,499 | +€891,563 | +1565.9% |
| Operating profit (loss) | 9901 | €37,581 | €934,811 | +€897,229 | +2387.4% |
| Financial income | 75/76B | €83 | €0 | -€83 | -100.0% |
| Recurring financial income | 75 | €83 | €0 | -€83 | -100.0% |
| Financial charges | 65/66B | €77 | €110 | +€34 | +44.1% |
| Recurring financial charges | 65 | €77 | €110 | +€34 | +44.1% |
| Profit (loss) for the period before taxes | 9903 | €37,587 | €934,700 | +€897,113 | +2386.7% |
| Income taxes | 67/77 | €11,960 | €297,405 | +€285,445 | +2386.7% |
| Profit (loss) for the period | 9904 | €25,628 | €637,296 | +€611,668 | +2386.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,628 | €637,296 | +€611,668 | +2386.7% |
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 4 October 2026 via checked.be.