Hutstuf: 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.
Hutstuf
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+36.7%), from €3.3m to €4.5m
of which Other amounts receivable: +€1.2m
- Debts after one year +€1.4m
up €1.4m (+38.6%), from €3.7m to €5.1m
- Profit (loss) carried forward -€172,561
down €172,561 (-18.5%), from -€935,004 to -€1.1m
- Gross operating margin +€146,602
up €146,602 (+80.0%), from -€183,268 to -€36,666
- Financial charges +€105,202
up €105,202 (+117.3%), from €89,677 to €194,879
- Financial income +€77,377
up €77,377 (+93.4%), from €82,805 to €160,181
- Staff costs +€20,948
up €20,948 (+28.7%), from €72,994 to €93,942
- Taxes -€5,287
no longer reported in 2025 (was €5,287)
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 | €4,857,973 | €6,095,514 | +€1.2m | +25.5% |
| Formation expenses | 20 | €1,080 | €720 | -€360 | -33.3% |
| Fixed assets | 21/28 | €1,520,190 | €1,514,795 | -€5,395 | -0.4% |
| Intangible fixed assets | 21 | €850 | €850 | = | 0.0% |
| Tangible fixed assets | 22/27 | €18,791 | €13,396 | -€5,395 | -28.7% |
| Plant, machinery and equipment | 23 | €610 | €263 | -€347 | -56.9% |
| Furniture and vehicles | 24 | €18,181 | €13,133 | -€5,048 | -27.8% |
| Financial fixed assets | 28 | €1,500,549 | €1,500,549 | = | 0.0% |
| Current assets | 29/58 | €3,336,703 | €4,579,999 | +€1.2m | +37.3% |
| Amounts receivable within one year | 40/41 | €3,321,901 | €4,541,266 | +€1.2m | +36.7% |
| Trade receivables | 40 | - | €897 | +€897 | |
| Other amounts receivable | 41 | €3,321,901 | €4,540,370 | +€1.2m | +36.7% |
| Cash at bank and in hand | 54/58 | €13,827 | €23,988 | +€10,161 | +73.5% |
| Deferred charges and accrued income | 490/1 | €975 | €14,744 | +€13,769 | +1412.1% |
| Total equity and liabilities | 10/49 | €4,857,973 | €6,095,514 | +€1.2m | +25.5% |
| Equity | 10/15 | €1,064,996 | €892,435 | -€172,561 | -16.2% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€935,004 | -€1,107,565 | -€172,561 | -18.5% |
| Amounts payable | 17/49 | €3,792,977 | €5,203,078 | +€1.4m | +37.2% |
| Amounts payable after more than one year | 17 | €3,702,436 | €5,132,916 | +€1.4m | +38.6% |
| Financial debts | 170/4 | €3,702,436 | €5,132,916 | +€1.4m | +38.6% |
| Amounts payable within one year | 42/48 | €90,541 | €70,162 | -€20,379 | -22.5% |
| Trade debts | 44 | €62,982 | €36,743 | -€26,239 | -41.7% |
| Suppliers | 440/4 | €62,982 | €36,743 | -€26,239 | -41.7% |
| Advances received on contracts in progress | 46 | €12,648 | €14,141 | +€1,493 | +11.8% |
| Taxes, remuneration and social security | 45 | €14,911 | €19,279 | +€4,367 | +29.3% |
| Remuneration and social security | 454/9 | €14,911 | €19,279 | +€4,367 | +29.3% |
| Remuneration, social security and pensions | 62 | €72,994 | €93,942 | +€20,948 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,843 | €5,755 | -€4,088 | -41.5% |
| Other operating charges | 640/8 | €1,331 | €1,499 | +€168 | +12.6% |
| Gross operating margin | 9900 | -€183,268 | -€36,666 | +€146,602 | +80.0% |
| Operating profit (loss) | 9901 | -€267,438 | -€137,863 | +€129,575 | +48.5% |
| Financial income | 75/76B | €82,805 | €160,181 | +€77,377 | +93.4% |
| Recurring financial income | 75 | €82,805 | €160,181 | +€77,377 | +93.4% |
| Financial charges | 65/66B | €89,677 | €194,879 | +€105,202 | +117.3% |
| Recurring financial charges | 65 | €89,677 | €194,879 | +€105,202 | +117.3% |
| Profit (loss) for the period before taxes | 9903 | -€274,309 | -€172,561 | +€101,749 | +37.1% |
| Income taxes | 67/77 | €5,287 | - | -€5,287 | |
| Profit (loss) for the period | 9904 | -€279,596 | -€172,561 | +€107,036 | +38.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€279,596 | -€172,561 | +€107,036 | +38.3% |
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.