HUTCH: 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.
HUTCH
Largest movements
- Receivables within one year +€18,702
up €18,702 (+2,095%), from €893 to €19,594
- Tangible fixed assets -€3,143
no longer reported in 2025 (was €3,143)
- Other debts +€34,314
up €34,314 (+45.3%), from €75,699 to €110,013
- Profit (loss) carried forward -€12,939
down €12,939 (-10.5%), from -€123,731 to -€136,670
- Trade debts -€5,784
no longer reported in 2025 (was €5,784)
- Gross operating margin +€7,825
up €7,825 (+44.4%), from -€17,621 to -€9,795
- Depreciation -€1,645
no longer reported in 2025 (was €1,645)
- Other operating charges -€384
no longer reported in 2025 (was €384)
- Financial charges -€196
no longer reported in 2025 (was €196)
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,036 | €19,594 | +€15,559 | +386% |
| Fixed assets | 21/28 | €3,143 | - | -€3,143 | |
| Tangible fixed assets | 22/27 | €3,143 | - | -€3,143 | |
| Other tangible fixed assets | 26 | €3,143 | - | -€3,143 | |
| Current assets | 29/58 | €893 | €19,594 | +€18,702 | +2,095% |
| Amounts receivable within one year | 40/41 | €893 | €19,594 | +€18,702 | +2,095% |
| Other amounts receivable | 41 | €893 | €19,594 | +€18,702 | +2,095% |
| Total equity and liabilities | 10/49 | €4,036 | €19,594 | +€15,559 | +386% |
| Equity | 10/15 | -€105,131 | -€118,070 | -€12,939 | -12.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€123,731 | -€136,670 | -€12,939 | -10.5% |
| Amounts payable | 17/49 | €109,167 | €137,664 | +€28,497 | +26.1% |
| Amounts payable within one year | 42/48 | €109,167 | €137,664 | +€28,497 | +26.1% |
| Financial debts | 43 | €33 | - | -€33 | |
| Credit institutions | 430/8 | €33 | - | -€33 | |
| Trade debts | 44 | €5,784 | - | -€5,784 | |
| Suppliers | 440/4 | €5,784 | - | -€5,784 | |
| Taxes, remuneration and social security | 45 | €27,651 | €27,651 | = | 0.0% |
| Taxes | 450/3 | €27,651 | €27,651 | = | 0.0% |
| Other amounts payable | 47/48 | €75,699 | €110,013 | +€34,314 | +45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,645 | - | -€1,645 | |
| Other operating charges | 640/8 | €384 | - | -€384 | |
| Non-recurring operating charges | 66A | - | €3,143 | +€3,143 | |
| Gross operating margin | 9900 | -€17,621 | -€9,795 | +€7,825 | +44.4% |
| Operating profit (loss) | 9901 | -€19,650 | -€12,939 | +€6,711 | +34.2% |
| Financial charges | 65/66B | €196 | - | -€196 | |
| Recurring financial charges | 65 | €196 | - | -€196 | |
| Profit (loss) for the period before taxes | 9903 | -€19,846 | -€12,939 | +€6,907 | +34.8% |
| Profit (loss) for the period | 9904 | -€19,846 | -€12,939 | +€6,907 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,846 | -€12,939 | +€6,907 | +34.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.