HUT MOMENT: what changed
HUT MOMENT
Largest movements
- Tangible fixed assets +€121,582
up €121,582 (+68.0%), from €178,688 to €300,270
of which Furniture and vehicles: +€84,321
- Cash -€12,937
down €12,937 (-5.4%), from €238,418 to €225,481
mainly Investment in fixed assets (net) (-€172,020) and Receivables within one year (-€11,652)
- Receivables within one year +€11,652
up €11,652 (+30.0%), from €38,812 to €50,464
of which Other amounts receivable: +€6,318
- Debts after one year +€47,879
new in 2025: €47,879
- Reserves +€35,026
up €35,026 (+10.5%), from €334,744 to €369,770
- Trade debts +€14,788
up €14,788 (+34.6%), from €42,799 to €57,587
- Current portion of long-term debt +€14,390
new in 2025: €14,390
- Other debts +€13,035
up €13,035 (+76.7%), from €16,999 to €30,034
- Staff costs +€29,272
up €29,272 (+10.8%), from €271,919 to €301,191
- Depreciation +€24,282
up €24,282 (+92.8%), from €26,156 to €50,438
- Taxes -€17,063
down €17,063 (-59.7%), from €28,593 to €11,530
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €466,706 | €588,756 | +€122,050 | +26.2% |
| Fixed assets | 21/28 | €178,688 | €300,270 | +€121,582 | +68.0% |
| Tangible fixed assets | 22/27 | €178,688 | €300,270 | +€121,582 | +68.0% |
| Plant, machinery and equipment | 23 | €101,180 | €119,519 | +€18,339 | +18.1% |
| Furniture and vehicles | 24 | €9,224 | €93,545 | +€84,321 | +914% |
| Other tangible fixed assets | 26 | €68,284 | €87,205 | +€18,922 | +27.7% |
| Current assets | 29/58 | €288,018 | €288,486 | +€468 | +0.2% |
| Stocks and contracts in progress | 3 | €10,550 | €12,376 | +€1,827 | +17.3% |
| Stocks | 30/36 | €10,550 | €12,376 | +€1,827 | +17.3% |
| Amounts receivable within one year | 40/41 | €38,812 | €50,464 | +€11,652 | +30.0% |
| Trade receivables | 40 | €28,389 | €33,724 | +€5,335 | +18.8% |
| Other amounts receivable | 41 | €10,423 | €16,740 | +€6,318 | +60.6% |
| Cash at bank and in hand | 54/58 | €238,418 | €225,481 | -€12,937 | -5.4% |
| Deferred charges and accrued income | 490/1 | €238 | €164 | -€74 | -31.0% |
| Total equity and liabilities | 10/49 | €466,706 | €588,756 | +€122,050 | +26.2% |
| Equity | 10/15 | €342,944 | €377,970 | +€35,026 | +10.2% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €334,744 | €369,770 | +€35,026 | +10.5% |
| Distributable reserves | 133 | €334,744 | €369,770 | +€35,026 | +10.5% |
| Amounts payable | 17/49 | €123,762 | €210,785 | +€87,024 | +70.3% |
| Amounts payable after more than one year | 17 | - | €47,879 | +€47,879 | |
| Financial debts | 170/4 | - | €47,879 | +€47,879 | |
| Amounts payable within one year | 42/48 | €123,762 | €162,906 | +€39,144 | +31.6% |
| Current portion of amounts payable after more than one year | 42 | - | €14,390 | +€14,390 | |
| Trade debts | 44 | €42,799 | €57,587 | +€14,788 | +34.6% |
| Suppliers | 440/4 | €42,799 | €57,587 | +€14,788 | +34.6% |
| Taxes, remuneration and social security | 45 | €63,963 | €60,895 | -€3,069 | -4.8% |
| Taxes | 450/3 | €32,655 | €27,395 | -€5,260 | -16.1% |
| Remuneration and social security | 454/9 | €31,308 | €33,499 | +€2,191 | +7.0% |
| Other amounts payable | 47/48 | €16,999 | €30,034 | +€13,035 | +76.7% |
| Remuneration, social security and pensions | 62 | €271,919 | €301,191 | +€29,272 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,156 | €50,438 | +€24,282 | +92.8% |
| Other operating charges | 640/8 | €1,445 | €1,216 | -€229 | -15.8% |
| Gross operating margin | 9900 | €408,200 | €404,691 | -€3,509 | -0.9% |
| Operating profit (loss) | 9901 | €108,680 | €51,846 | -€56,835 | -52.3% |
| Financial income | 75/76B | €1,103 | €1,129 | +€26 | +2.4% |
| Recurring financial income | 75 | €1,103 | €1,129 | +€26 | +2.4% |
| Financial charges | 65/66B | €1,323 | €4,753 | +€3,430 | +259% |
| Recurring financial charges | 65 | €1,323 | €4,753 | +€3,430 | +259% |
| Profit (loss) for the period before taxes | 9903 | €108,460 | €48,222 | -€60,238 | -55.5% |
| Income taxes | 67/77 | €28,593 | €11,530 | -€17,063 | -59.7% |
| Profit (loss) for the period | 9904 | €79,867 | €36,692 | -€43,175 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €79,867 | €36,692 | -€43,175 | -54.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.