Hutte 28: 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.
Hutte 28
Largest movements
- Tangible fixed assets -€23,223
down €23,223 (-92.1%), from €25,227 to €2,004
of which Other tangible fixed assets: -€25,118
- Cash -€12,978
down €12,978 (-88.0%), from €14,744 to €1,767
mainly Contributions, distributions and other (-€26,122) and Debts after one year (-€17,311)
- Receivables within one year +€1,061
up €1,061 (+780%), from €136 to €1,197
of which Trade receivables: +€1,170
- Other debts +€27,978
up €27,978 (+202%), from €13,835 to €41,813
- Reserves -€26,122
down €26,122 (-100%), from €26,122 to €0
- Debts after one year -€17,311
down €17,311 (-100%), from €17,311 to €0
- Profit (loss) carried forward -€15,426
down €15,426 (-52.4%), from -€29,448 to -€44,874
- Current portion of long-term debt -€4,796
down €4,796 (-100%), from €4,796 to €0
- Gross operating margin -€20,895
down €20,895, from €17,449 to -€3,446
- Depreciation -€6,300
down €6,300 (-95.4%), from €6,603 to €303
- Financial charges -€273
down €273 (-42.6%), from €640 to €367
- Taxes -€269
down €269 (-100%), from €269 to €0
- Other operating charges +€208
up €208 (+21.1%), from €985 to €1,193
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
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 | €40,107 | €4,967 | -€35,140 | -87.6% |
| Fixed assets | 21/28 | €25,227 | €2,004 | -€23,223 | -92.1% |
| Tangible fixed assets | 22/27 | €25,227 | €2,004 | -€23,223 | -92.1% |
| Plant, machinery and equipment | 23 | €0 | €1,647 | +€1,647 | |
| Furniture and vehicles | 24 | €109 | €356 | +€247 | +226% |
| Other tangible fixed assets | 26 | €25,118 | €0 | -€25,118 | -100% |
| Current assets | 29/58 | €14,880 | €2,964 | -€11,917 | -80.1% |
| Amounts receivable within one year | 40/41 | €136 | €1,197 | +€1,061 | +780% |
| Trade receivables | 40 | €0 | €1,170 | +€1,170 | |
| Other amounts receivable | 41 | €136 | €27 | -€109 | -80.1% |
| Cash at bank and in hand | 54/58 | €14,744 | €1,767 | -€12,978 | -88.0% |
| Total equity and liabilities | 10/49 | €40,107 | €4,967 | -€35,140 | -87.6% |
| Equity | 10/15 | €2,874 | -€38,674 | -€41,548 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,122 | €0 | -€26,122 | -100% |
| Distributable reserves | 133 | €26,122 | €0 | -€26,122 | -100% |
| Profit (loss) carried forward | 14 | -€29,448 | -€44,874 | -€15,426 | -52.4% |
| Amounts payable | 17/49 | €37,233 | €43,641 | +€6,408 | +17.2% |
| Amounts payable after more than one year | 17 | €17,311 | €0 | -€17,311 | -100% |
| Financial debts | 170/4 | €17,311 | €0 | -€17,311 | -100% |
| Amounts payable within one year | 42/48 | €19,534 | €43,641 | +€24,106 | +123% |
| Current portion of amounts payable after more than one year | 42 | €4,796 | €0 | -€4,796 | -100% |
| Trade debts | 44 | €292 | €1,673 | +€1,381 | +473% |
| Suppliers | 440/4 | €292 | €1,673 | +€1,381 | +473% |
| Taxes, remuneration and social security | 45 | €611 | €155 | -€456 | -74.6% |
| Taxes | 450/3 | €611 | €155 | -€456 | -74.6% |
| Other amounts payable | 47/48 | €13,835 | €41,813 | +€27,978 | +202% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100% |
| Non-recurring operating income | 76A | €20,500 | €0 | -€20,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,603 | €303 | -€6,300 | -95.4% |
| Other operating charges | 640/8 | €985 | €1,193 | +€208 | +21.1% |
| Non-recurring operating charges | 66A | €2,406 | €10,118 | +€7,712 | +321% |
| Gross operating margin | 9900 | €17,449 | -€3,446 | -€20,895 | |
| Operating profit (loss) | 9901 | €7,454 | -€15,059 | -€22,514 | |
| Financial charges | 65/66B | €640 | €367 | -€273 | -42.6% |
| Recurring financial charges | 65 | €640 | €367 | -€273 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €6,815 | -€15,426 | -€22,241 | |
| Income taxes | 67/77 | €269 | €0 | -€269 | -100% |
| Profit (loss) for the period | 9904 | €6,545 | -€15,426 | -€21,971 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,545 | -€15,426 | -€21,971 |
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 17 October 2026 via checked.be.