HUTS: 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.
HUTS
Largest movements
- Cash -€8,281
down €8,281 (-17.9%), from €46,360 to €38,079
mainly Tax, wage and social debts (-€10,982) and Other debts (-€7,999)
- Tangible fixed assets -€6,053
down €6,053 (-20.3%), from €29,865 to €23,812
of which Other tangible fixed assets: -€3,123
- Financial fixed assets -€3,000
down €3,000 (-100.0%), from €3,000 to €0
- Tax, wage and social debts -€10,982
down €10,982 (-56.7%), from €19,383 to €8,401
of which Taxes: -€10,982
- Other debts -€7,999
down €7,999 (-7.5%), from €106,962 to €98,964
- Trade debts +€4,775
up €4,775 (+59.7%), from €7,996 to €12,771
- Gross operating margin -€19,000
down €19,000 (-66.7%), from €28,484 to €9,484
- Staff costs -€13,761
down €13,761 (-98.3%), from €13,996 to €235
- Other operating charges -€7,255
down €7,255 (-88.4%), from €8,203 to €948
- Depreciation +€2,107
up €2,107 (+53.4%), from €3,946 to €6,053
- Financial charges +€319
up €319 (+29.4%), from €1,086 to €1,404
of which Financial charges: +€319
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 | €173,631 | €158,490 | -€15,141 | -8.7% |
| Fixed assets | 21/28 | €32,865 | €23,812 | -€9,053 | -27.5% |
| Tangible fixed assets | 22/27 | €29,865 | €23,812 | -€6,053 | -20.3% |
| Furniture and vehicles | 24 | €11,404 | €8,474 | -€2,930 | -25.7% |
| Other tangible fixed assets | 26 | €18,461 | €15,338 | -€3,123 | -16.9% |
| Financial fixed assets | 28 | €3,000 | €0 | -€3,000 | -100.0% |
| Current assets | 29/58 | €140,766 | €134,678 | -€6,088 | -4.3% |
| Stocks and contracts in progress | 3 | €93,623 | €94,826 | +€1,203 | +1.3% |
| Stocks | 30/36 | €93,623 | €94,826 | +€1,203 | +1.3% |
| Amounts receivable within one year | 40/41 | €481 | €1,463 | +€983 | +204.4% |
| Trade receivables | 40 | €0 | €1,463 | +€1,463 | |
| Other amounts receivable | 41 | €481 | €0 | -€481 | -100.0% |
| Cash at bank and in hand | 54/58 | €46,360 | €38,079 | -€8,281 | -17.9% |
| Deferred charges and accrued income | 490/1 | €303 | €310 | +€7 | +2.2% |
| Total equity and liabilities | 10/49 | €173,631 | €158,490 | -€15,141 | -8.7% |
| Equity | 10/15 | €37,832 | €38,355 | +€523 | +1.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €17,832 | €18,355 | +€523 | +2.9% |
| Distributable reserves | 133 | €17,832 | €18,355 | +€523 | +2.9% |
| Amounts payable | 17/49 | €135,799 | €120,135 | -€15,664 | -11.5% |
| Amounts payable within one year | 42/48 | €135,799 | €120,135 | -€15,664 | -11.5% |
| Financial debts | 43 | €1,458 | €0 | -€1,458 | -100.0% |
| Credit institutions | 430/8 | €1,458 | €0 | -€1,458 | -100.0% |
| Trade debts | 44 | €7,996 | €12,771 | +€4,775 | +59.7% |
| Suppliers | 440/4 | €7,996 | €12,771 | +€4,775 | +59.7% |
| Taxes, remuneration and social security | 45 | €19,383 | €8,401 | -€10,982 | -56.7% |
| Taxes | 450/3 | €19,383 | €8,401 | -€10,982 | -56.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €106,962 | €98,964 | -€7,999 | -7.5% |
| Remuneration, social security and pensions | 62 | €13,996 | €235 | -€13,761 | -98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,946 | €6,053 | +€2,107 | +53.4% |
| Other operating charges | 640/8 | €8,203 | €948 | -€7,255 | -88.4% |
| Non-recurring operating charges | 66A | €315 | - | -€315 | |
| Gross operating margin | 9900 | €28,484 | €9,484 | -€19,000 | -66.7% |
| Operating profit (loss) | 9901 | €2,024 | €2,248 | +€224 | +11.1% |
| Financial income | 75/76B | €264 | €0 | -€264 | -100.0% |
| Recurring financial income | 75 | €264 | €0 | -€264 | -100.0% |
| Financial charges | 65/66B | €1,086 | €1,404 | +€319 | +29.4% |
| Recurring financial charges | 65 | €1,086 | €1,404 | +€319 | +29.4% |
| Non-recurring financial charges | 66B | €0 | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €1,203 | €844 | -€359 | -29.9% |
| Income taxes | 67/77 | €239 | €321 | +€82 | +34.5% |
| Profit (loss) for the period | 9904 | €964 | €523 | -€441 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €964 | €523 | -€441 | -45.8% |
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 7 October 2026 via checked.be.