Huust: 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.
Huust
Largest movements
- Receivables within one year +€360,034
up €360,034 (+74.4%), from €483,817 to €843,851
of which Trade receivables: +€351,551
- Stocks and contracts +€157,379
up €157,379 (+78.7%), from €200,000 to €357,379
of which Contracts in progress: +€115,000
- Cash +€76,435
up €76,435 (+309.5%), from €24,699 to €101,134
mainly Trade debts (+€585,815) and Net result for the year (+€84,275)
- Formation expenses +€35,325
new in 2025: €35,325
- Deferred charges and accrued income +€19,255
up €19,255 (+178.4%), from €10,796 to €30,051
- Trade debts +€585,815
up €585,815 (+170.9%), from €342,838 to €928,653
- Reserves +€84,275
up €84,275 (+43.8%), from €192,337 to €276,612
- Gross operating margin +€243,561
up €243,561 (+51.9%), from €469,123 to €712,684
- Staff costs +€203,628
up €203,628 (+61.5%), from €331,367 to €534,995
- Depreciation +€16,235
up €16,235 (+149.0%), from €10,899 to €27,134
- Financial charges +€7,931
up €7,931 (+89.4%), from €8,876 to €16,808
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 | €776,695 | €1,436,476 | +€659,781 | +84.9% |
| Formation expenses | 20 | - | €35,325 | +€35,325 | |
| Fixed assets | 21/28 | €57,383 | €68,735 | +€11,352 | +19.8% |
| Tangible fixed assets | 22/27 | €52,358 | €61,321 | +€8,963 | +17.1% |
| Plant, machinery and equipment | 23 | €38,615 | €40,923 | +€2,309 | +6.0% |
| Furniture and vehicles | 24 | €13,743 | €20,398 | +€6,655 | +48.4% |
| Financial fixed assets | 28 | €5,025 | €7,414 | +€2,389 | +47.5% |
| Current assets | 29/58 | €719,312 | €1,332,416 | +€613,104 | +85.2% |
| Stocks and contracts in progress | 3 | €200,000 | €357,379 | +€157,379 | +78.7% |
| Stocks | 30/36 | €10,000 | €52,379 | +€42,379 | +423.8% |
| Contracts in progress | 37 | €190,000 | €305,000 | +€115,000 | +60.5% |
| Amounts receivable within one year | 40/41 | €483,817 | €843,851 | +€360,034 | +74.4% |
| Trade receivables | 40 | €474,030 | €825,581 | +€351,551 | +74.2% |
| Other amounts receivable | 41 | €9,787 | €18,270 | +€8,483 | +86.7% |
| Cash at bank and in hand | 54/58 | €24,699 | €101,134 | +€76,435 | +309.5% |
| Deferred charges and accrued income | 490/1 | €10,796 | €30,051 | +€19,255 | +178.4% |
| Total equity and liabilities | 10/49 | €776,695 | €1,436,476 | +€659,781 | +84.9% |
| Equity | 10/15 | €196,337 | €280,612 | +€84,275 | +42.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €192,337 | €276,612 | +€84,275 | +43.8% |
| Distributable reserves | 133 | €192,337 | €276,612 | +€84,275 | +43.8% |
| Amounts payable | 17/49 | €580,358 | €1,155,864 | +€575,506 | +99.2% |
| Amounts payable after more than one year | 17 | €24,020 | €15,625 | -€8,395 | -34.9% |
| Financial debts | 170/4 | €24,020 | €15,625 | -€8,395 | -34.9% |
| Amounts payable within one year | 42/48 | €556,338 | €1,140,239 | +€583,901 | +105.0% |
| Current portion of amounts payable after more than one year | 42 | €8,027 | €8,395 | +€367 | +4.6% |
| Financial debts | 43 | €75,000 | €76,812 | +€1,812 | +2.4% |
| Credit institutions | 430/8 | €75,000 | €76,812 | +€1,812 | +2.4% |
| Trade debts | 44 | €342,838 | €928,653 | +€585,815 | +170.9% |
| Suppliers | 440/4 | €342,838 | €928,653 | +€585,815 | +170.9% |
| Taxes, remuneration and social security | 45 | €124,955 | €126,309 | +€1,354 | +1.1% |
| Taxes | 450/3 | €51,998 | €63,797 | +€11,799 | +22.7% |
| Remuneration and social security | 454/9 | €72,957 | €62,512 | -€10,445 | -14.3% |
| Other amounts payable | 47/48 | €5,518 | €70 | -€5,448 | -98.7% |
| Remuneration, social security and pensions | 62 | €331,367 | €534,995 | +€203,628 | +61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,899 | €27,134 | +€16,235 | +149.0% |
| Other operating charges | 640/8 | €1,112 | €7,010 | +€5,899 | +530.6% |
| Gross operating margin | 9900 | €469,123 | €712,684 | +€243,561 | +51.9% |
| Operating profit (loss) | 9901 | €125,745 | €143,545 | +€17,799 | +14.2% |
| Financial income | 75/76B | - | €595 | +€595 | |
| Recurring financial income | 75 | - | €595 | +€595 | |
| Financial charges | 65/66B | €8,876 | €16,808 | +€7,931 | +89.4% |
| Recurring financial charges | 65 | €8,876 | €16,808 | +€7,931 | +89.4% |
| Profit (loss) for the period before taxes | 9903 | €116,869 | €127,332 | +€10,463 | +9.0% |
| Income taxes | 67/77 | €39,345 | €43,057 | +€3,711 | +9.4% |
| Profit (loss) for the period | 9904 | €77,524 | €84,275 | +€6,751 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €77,524 | €84,275 | +€6,751 | +8.7% |
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 9 October 2026 via checked.be.