HUUGHIMMO: 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.
What changed
HUUGHIMMO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€74,214
2024 · -€66,217-€7,996
Equity
€2.0m
2024 · €2.1m-€74,214
Cash
€1,409
2024 · €101,202-€99,793
Balance sheet total
€5.4m
2024 · €5.7m-€332,987
Largest movements
Assets
- Tangible fixed assets -€236,076
down €236,076 (-4.5%), from €5.3m to €5.0m
- Cash -€99,793
down €99,793 (-98.6%), from €101,202 to €1,409
mainly Debts after one year (-€158,596) and Advances received (-€74,500)
Equity and liabilities
- Debts after one year -€158,596
down €158,596 (-8.8%), from €1.8m to €1.6m
- Advances received -€74,500
down €74,500 (-6.3%), from €1.2m to €1.1m
- Reserves -€74,214
down €74,214 (-3.9%), from €1.9m to €1.8m
of which Tax-exempt reserves: -€61,830
Income statement
- Financial charges +€34,052
up €34,052 (+88.4%), from €38,540 to €72,592
- Gross operating margin +€26,740
up €26,740 (+13.1%), from €203,639 to €230,379
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.
Result 2024
-€66,217
Gross operating margin
+€26,740
Other operating charges
-€739
Financial income
+€55
Financial charges
-€34,052
Result 2025
-€74,214
raises the resultlowers the result
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.
From operations
+€58,803
Investment
€0
Financing
-€158,596
Cash 2024
€101,202
From operations (derived)
+€58,803
Net result for the year
-€74,214
Depreciation
+€236,076
Receivables after one year
-€3,723
Receivables within one year
+€4,538
Deferred charges and accrued income
-€3,696
Provisions
-€20,610
Tax, wage and social debts
-€60
Advances received
-€74,500
Other debts
-€3,461
Accrued charges and deferred income
-€1,545
Financing
-€158,596
Debts after one year
-€158,596
Cash 2025
€1,409
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,686,167 | €5,353,180 | -€332,987 | -5.9% |
| Fixed assets | 21/28 | €5,287,163 | €5,051,087 | -€236,076 | -4.5% |
| Tangible fixed assets | 22/27 | €5,285,603 | €5,049,527 | -€236,076 | -4.5% |
| Land and buildings | 22 | €5,285,603 | €5,049,527 | -€236,076 | -4.5% |
| Financial fixed assets | 28 | €1,560 | €1,560 | = | 0.0% |
| Current assets | 29/58 | €399,003 | €302,092 | -€96,911 | -24.3% |
| Amounts receivable after more than one year | 29 | €248,226 | €251,950 | +€3,723 | +1.5% |
| Other amounts receivable | 291 | €248,226 | €251,950 | +€3,723 | +1.5% |
| Amounts receivable within one year | 40/41 | €4,538 | €0 | -€4,538 | -100% |
| Trade receivables | 40 | €4,538 | €0 | -€4,538 | -100% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €101,202 | €1,409 | -€99,793 | -98.6% |
| Deferred charges and accrued income | 490/1 | €45,037 | €48,733 | +€3,696 | +8.2% |
| Total equity and liabilities | 10/49 | €5,686,167 | €5,353,180 | -€332,987 | -5.9% |
| Equity | 10/15 | €2,107,729 | €2,033,515 | -€74,214 | -3.5% |
| Contributions | 10/11 | €213,850 | €213,850 | = | 0.0% |
| Reserves | 13 | €1,893,878 | €1,819,665 | -€74,214 | -3.9% |
| Non-distributable reserves | 130/1 | €21,385 | €21,385 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,385 | €21,385 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,039,510 | €977,680 | -€61,830 | -5.9% |
| Distributable reserves | 133 | €832,983 | €820,599 | -€12,384 | -1.5% |
| Provisions and deferred taxes | 16 | €346,503 | €325,893 | -€20,610 | -5.9% |
| Deferred taxes | 168 | €346,503 | €325,893 | -€20,610 | -5.9% |
| Amounts payable | 17/49 | €3,231,934 | €2,993,771 | -€238,163 | -7.4% |
| Amounts payable after more than one year | 17 | €1,795,322 | €1,636,726 | -€158,596 | -8.8% |
| Financial debts | 170/4 | €1,795,322 | €1,636,726 | -€158,596 | -8.8% |
| Amounts payable within one year | 42/48 | €1,434,414 | €1,356,393 | -€78,021 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €158,596 | €158,596 | = | 0.0% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Advances received on contracts in progress | 46 | €1,184,166 | €1,109,666 | -€74,500 | -6.3% |
| Taxes, remuneration and social security | 45 | €12,579 | €12,519 | -€60 | -0.5% |
| Taxes | 450/3 | €12,579 | €12,519 | -€60 | -0.5% |
| Other amounts payable | 47/48 | €79,073 | €75,611 | -€3,461 | -4.4% |
| Accrued charges and deferred income | 492/3 | €2,198 | €653 | -€1,545 | -70.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €236,076 | €236,076 | = | 0.0% |
| Other operating charges | 640/8 | €19,519 | €20,259 | +€739 | +3.8% |
| Gross operating margin | 9900 | €203,639 | €230,379 | +€26,740 | +13.1% |
| Operating profit (loss) | 9901 | -€51,956 | -€25,955 | +€26,000 | +50.0% |
| Financial income | 75/76B | €3,669 | €3,723 | +€55 | +1.5% |
| Recurring financial income | 75 | €3,669 | €3,723 | +€55 | +1.5% |
| Financial charges | 65/66B | €38,540 | €72,592 | +€34,052 | +88.4% |
| Recurring financial charges | 65 | €38,540 | €72,592 | +€34,052 | +88.4% |
| Profit (loss) for the period before taxes | 9903 | -€86,827 | -€94,824 | -€7,996 | -9.2% |
| Transfer from deferred taxes | 780 | €20,610 | €20,610 | = | 0.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€66,217 | -€74,214 | -€7,996 | -12.1% |
| Transfer from tax-exempt reserves | 789 | €61,830 | €61,830 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,388 | -€12,384 | -€7,996 | -182% |
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 13 October 2026 via checked.be.