HUTAS: 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.
HUTAS
Largest movements
- Cash +€109,178
up €109,178 (+239.2%), from €45,634 to €154,813
mainly Tax, wage and social debts (+€126,623) and Net result for the year (+€62,614)
- Stocks and contracts +€65,000
up €65,000 (+68.4%), from €95,000 to €160,000
- Receivables within one year +€48,285
up €48,285 (+183.9%), from €26,256 to €74,542
of which Trade receivables: +€37,103
- Tangible fixed assets -€9,252
down €9,252 (-8.0%), from €115,544 to €106,292
of which Furniture and vehicles: -€19,885
- Tax, wage and social debts +€126,623
up €126,623 (+328.9%), from €38,497 to €165,120
of which Taxes: +€99,609
- Reserves +€62,614
up €62,614 (+42.0%), from €149,234 to €211,848
of which Distributable reserves: +€62,614
- Trade debts +€25,556
new in 2025: €25,556
- Current portion of long-term debt +€5,330
up €5,330 (+35.0%), from €15,219 to €20,549
- Gross operating margin +€135,160
up €135,160 (+89.2%), from €151,518 to €286,678
- Staff costs +€99,625
up €99,625 (+234.3%), from €42,512 to €142,138
- Taxes +€7,622
up €7,622 (+53.6%), from €14,218 to €21,840
- Depreciation +€5,677
up €5,677 (+15.9%), from €35,809 to €41,485
- Financial charges +€4,850
up €4,850 (+115.3%), from €4,206 to €9,055
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 | €282,797 | €499,621 | +€216,824 | +76.7% |
| Fixed assets | 21/28 | €115,544 | €106,292 | -€9,252 | -8.0% |
| Tangible fixed assets | 22/27 | €115,544 | €106,292 | -€9,252 | -8.0% |
| Furniture and vehicles | 24 | €102,768 | €82,884 | -€19,885 | -19.3% |
| Leasing and similar rights | 25 | €12,776 | €23,408 | +€10,632 | +83.2% |
| Current assets | 29/58 | €167,253 | €393,329 | +€226,076 | +135.2% |
| Stocks and contracts in progress | 3 | €95,000 | €160,000 | +€65,000 | +68.4% |
| Stocks | 30/36 | €95,000 | €160,000 | +€65,000 | +68.4% |
| Amounts receivable within one year | 40/41 | €26,256 | €74,542 | +€48,285 | +183.9% |
| Trade receivables | 40 | €13,214 | €50,317 | +€37,103 | +280.8% |
| Other amounts receivable | 41 | €13,043 | €24,225 | +€11,182 | +85.7% |
| Cash at bank and in hand | 54/58 | €45,634 | €154,813 | +€109,178 | +239.2% |
| Deferred charges and accrued income | 490/1 | €363 | €3,975 | +€3,612 | +995.0% |
| Total equity and liabilities | 10/49 | €282,797 | €499,621 | +€216,824 | +76.7% |
| Equity | 10/15 | €161,634 | €224,248 | +€62,614 | +38.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €149,234 | €211,848 | +€62,614 | +42.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €147,374 | €209,988 | +€62,614 | +42.5% |
| Amounts payable | 17/49 | €121,163 | €275,373 | +€154,210 | +127.3% |
| Amounts payable after more than one year | 17 | €66,557 | €63,258 | -€3,299 | -5.0% |
| Financial debts | 170/4 | €66,557 | €63,258 | -€3,299 | -5.0% |
| Amounts payable within one year | 42/48 | €54,606 | €212,115 | +€157,508 | +288.4% |
| Current portion of amounts payable after more than one year | 42 | €15,219 | €20,549 | +€5,330 | +35.0% |
| Trade debts | 44 | - | €25,556 | +€25,556 | |
| Suppliers | 440/4 | - | €25,556 | +€25,556 | |
| Taxes, remuneration and social security | 45 | €38,497 | €165,120 | +€126,623 | +328.9% |
| Taxes | 450/3 | €31,500 | €131,109 | +€99,609 | +316.2% |
| Remuneration and social security | 454/9 | €6,997 | €34,010 | +€27,013 | +386.1% |
| Other amounts payable | 47/48 | €891 | €891 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €42,512 | €142,138 | +€99,625 | +234.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,809 | €41,485 | +€5,677 | +15.9% |
| Other operating charges | 640/8 | €8,736 | €9,704 | +€969 | +11.1% |
| Gross operating margin | 9900 | €151,518 | €286,678 | +€135,160 | +89.2% |
| Operating profit (loss) | 9901 | €64,461 | €93,350 | +€28,890 | +44.8% |
| Financial income | 75/76B | €4 | €159 | +€154 | +3508.4% |
| Recurring financial income | 75 | €4 | €159 | +€154 | +3508.4% |
| Financial charges | 65/66B | €4,206 | €9,055 | +€4,850 | +115.3% |
| Recurring financial charges | 65 | €4,206 | €9,055 | +€4,850 | +115.3% |
| Profit (loss) for the period before taxes | 9903 | €60,260 | €84,454 | +€24,194 | +40.1% |
| Income taxes | 67/77 | €14,218 | €21,840 | +€7,622 | +53.6% |
| Profit (loss) for the period | 9904 | €46,042 | €62,614 | +€16,572 | +36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,042 | €62,614 | +€16,572 | +36.0% |
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 10 October 2026 via checked.be.