Huug: 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.
Huug
Largest movements
- Receivables within one year +€28,229
up €28,229 (+271.8%), from €10,387 to €38,615
of which Other amounts receivable: +€27,257
- Cash -€17,962
down €17,962 (-65.0%), from €27,640 to €9,678
mainly Receivables within one year (-€28,229) and Tax, wage and social debts (-€3,093)
- Deferred charges and accrued income -€945
down €945 (-85.2%), from €1,109 to €164
- Tangible fixed assets -€750
down €750 (-23.1%), from €3,248 to €2,498
- Reserves +€10,867
up €10,867 (+43.7%), from €24,841 to €35,708
- Tax, wage and social debts -€3,093
down €3,093 (-25.7%), from €12,044 to €8,951
of which Taxes: -€3,596
- Trade debts +€798
up €798 (+53.2%), from €1,498 to €2,296
- Gross operating margin -€18,437
down €18,437 (-50.3%), from €36,669 to €18,232
- Taxes -€3,080
down €3,080 (-47.2%), from €6,523 to €3,443
- Other operating charges -€804
down €804 (-32.9%), from €2,448 to €1,644
- Financial income +€569
new in 2025: €569
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 | €42,384 | €50,956 | +€8,572 | +20.2% |
| Fixed assets | 21/28 | €3,248 | €2,498 | -€750 | -23.1% |
| Tangible fixed assets | 22/27 | €3,248 | €2,498 | -€750 | -23.1% |
| Plant, machinery and equipment | 23 | €3,248 | €2,498 | -€750 | -23.1% |
| Current assets | 29/58 | €39,136 | €48,458 | +€9,322 | +23.8% |
| Amounts receivable within one year | 40/41 | €10,387 | €38,615 | +€28,229 | +271.8% |
| Trade receivables | 40 | €10,218 | €11,190 | +€972 | +9.5% |
| Other amounts receivable | 41 | €169 | €27,425 | +€27,257 | +16165.6% |
| Cash at bank and in hand | 54/58 | €27,640 | €9,678 | -€17,962 | -65.0% |
| Deferred charges and accrued income | 490/1 | €1,109 | €164 | -€945 | -85.2% |
| Total equity and liabilities | 10/49 | €42,384 | €50,956 | +€8,572 | +20.2% |
| Equity | 10/15 | €28,841 | €39,708 | +€10,867 | +37.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €24,841 | €35,708 | +€10,867 | +43.7% |
| Distributable reserves | 133 | €24,841 | €35,708 | +€10,867 | +43.7% |
| Amounts payable | 17/49 | €13,543 | €11,247 | -€2,295 | -16.9% |
| Amounts payable within one year | 42/48 | €13,543 | €11,247 | -€2,295 | -16.9% |
| Trade debts | 44 | €1,498 | €2,296 | +€798 | +53.2% |
| Suppliers | 440/4 | €1,498 | €2,296 | +€798 | +53.2% |
| Taxes, remuneration and social security | 45 | €12,044 | €8,951 | -€3,093 | -25.7% |
| Taxes | 450/3 | €12,044 | €8,448 | -€3,596 | -29.9% |
| Remuneration and social security | 454/9 | - | €503 | +€503 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €502 | €750 | +€248 | +49.4% |
| Other operating charges | 640/8 | €2,448 | €1,644 | -€804 | -32.9% |
| Gross operating margin | 9900 | €36,669 | €18,232 | -€18,437 | -50.3% |
| Operating profit (loss) | 9901 | €33,719 | €15,838 | -€17,881 | -53.0% |
| Financial income | 75/76B | - | €569 | +€569 | |
| Recurring financial income | 75 | - | €569 | +€569 | |
| Financial charges | 65/66B | €2,355 | €2,097 | -€258 | -10.9% |
| Recurring financial charges | 65 | €2,355 | €2,097 | -€258 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €31,364 | €14,310 | -€17,054 | -54.4% |
| Income taxes | 67/77 | €6,523 | €3,443 | -€3,080 | -47.2% |
| Profit (loss) for the period | 9904 | €24,841 | €10,867 | -€13,974 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,841 | €10,867 | -€13,974 | -56.3% |
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 5 October 2026 via checked.be.