Huva: 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.
Huva
Largest movements
- Current investments +€1.3m
up €1.3m (+270.8%), from €470,851 to €1.7m
- Tangible fixed assets +€459,991
up €459,991 (+18.0%), from €2.6m to €3.0m
of which Other tangible fixed assets: +€670,000
- Cash -€62,296
down €62,296 (-73.5%), from €84,783 to €22,487
mainly Current investments (-€1.3m) and Investment in fixed assets (net) (-€612,597)
- Debts after one year +€868,810
up €868,810 (+287.3%), from €302,443 to €1.2m
- Reserves +€562,978
up €562,978 (+54.5%), from €1.0m to €1.6m
of which Tax-exempt reserves: +€522,978
- Provisions +€174,326
up €174,326 (+80.7%), from €215,939 to €390,265
- Gross operating margin +€814,650
up €814,650 (+243.8%), from €334,105 to €1.1m
- Other operating charges +€111,170
up €111,170 (+290.8%), from €38,232 to €149,402
- Financial charges +€32,259
up €32,259 (+171.8%), from €18,780 to €51,039
- Taxes -€28,730
down €28,730 (-50.3%), from €57,115 to €28,385
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 | €3,270,647 | €4,942,893 | +€1.7m | +51.1% |
| Fixed assets | 21/28 | €2,712,071 | €3,172,061 | +€459,991 | +17.0% |
| Tangible fixed assets | 22/27 | €2,554,567 | €3,014,557 | +€459,991 | +18.0% |
| Land and buildings | 22 | €2,554,567 | €2,344,557 | -€210,009 | -8.2% |
| Other tangible fixed assets | 26 | - | €670,000 | +€670,000 | |
| Financial fixed assets | 28 | €157,504 | €157,504 | = | 0.0% |
| Current assets | 29/58 | €558,576 | €1,770,832 | +€1.2m | +217.0% |
| Amounts receivable within one year | 40/41 | €694 | €703 | +€9 | +1.4% |
| Trade receivables | 40 | €43 | €688 | +€645 | +1499.7% |
| Other amounts receivable | 41 | €651 | €15 | -€635 | -97.6% |
| Current investments | 50/53 | €470,851 | €1,745,878 | +€1.3m | +270.8% |
| Cash at bank and in hand | 54/58 | €84,783 | €22,487 | -€62,296 | -73.5% |
| Deferred charges and accrued income | 490/1 | €2,248 | €1,764 | -€484 | -21.5% |
| Total equity and liabilities | 10/49 | €3,270,647 | €4,942,893 | +€1.7m | +51.1% |
| Equity | 10/15 | €2,724,467 | €3,328,223 | +€603,756 | +22.2% |
| Contributions | 10/11 | €184,000 | €184,000 | = | 0.0% |
| Capital | 10 | €184,000 | €184,000 | = | 0.0% |
| Issued capital | 100 | €184,000 | €184,000 | = | 0.0% |
| Reserves | 13 | €1,033,757 | €1,596,734 | +€562,978 | +54.5% |
| Non-distributable reserves | 130/1 | €18,400 | €18,400 | = | 0.0% |
| Legal reserve | 130 | €18,400 | €18,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €647,817 | €1,170,794 | +€522,978 | +80.7% |
| Distributable reserves | 133 | €367,540 | €407,540 | +€40,000 | +10.9% |
| Profit (loss) carried forward | 14 | €1,506,710 | €1,547,489 | +€40,778 | +2.7% |
| Provisions and deferred taxes | 16 | €215,939 | €390,265 | +€174,326 | +80.7% |
| Deferred taxes | 168 | €215,939 | €390,265 | +€174,326 | +80.7% |
| Amounts payable | 17/49 | €330,241 | €1,224,405 | +€894,165 | +270.8% |
| Amounts payable after more than one year | 17 | €302,443 | €1,171,253 | +€868,810 | +287.3% |
| Other amounts payable | 178/9 | €302,443 | €1,171,253 | +€868,810 | +287.3% |
| Amounts payable within one year | 42/48 | €4,000 | €7,165 | +€3,165 | +79.1% |
| Trade debts | 44 | €0 | €1 | +€1 | |
| Suppliers | 440/4 | €0 | €1 | +€1 | |
| Taxes, remuneration and social security | 45 | €4,000 | €7,164 | +€3,164 | +79.1% |
| Taxes | 450/3 | €4,000 | €7,164 | +€3,164 | +79.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €23,798 | €45,987 | +€22,189 | +93.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,954 | €152,607 | -€9,347 | -5.8% |
| Other operating charges | 640/8 | €38,232 | €149,402 | +€111,170 | +290.8% |
| Gross operating margin | 9900 | €334,105 | €1,148,755 | +€814,650 | +243.8% |
| Operating profit (loss) | 9901 | €133,919 | €846,747 | +€712,827 | +532.3% |
| Financial income | 75/76B | €9,397 | €10,759 | +€1,362 | +14.5% |
| Recurring financial income | 75 | €9,397 | €10,759 | +€1,362 | +14.5% |
| Financial charges | 65/66B | €18,780 | €51,039 | +€32,259 | +171.8% |
| Recurring financial charges | 65 | €18,780 | €51,039 | +€32,259 | +171.8% |
| Profit (loss) for the period before taxes | 9903 | €124,536 | €806,467 | +€681,930 | +547.6% |
| Transfer from deferred taxes | 780 | €17,380 | €20,465 | +€3,085 | +17.7% |
| Transfer to deferred taxes | 680 | - | €194,791 | +€194,791 | |
| Income taxes | 67/77 | €57,115 | €28,385 | -€28,730 | -50.3% |
| Profit (loss) for the period | 9904 | €84,802 | €603,756 | +€518,954 | +612.0% |
| Transfer from tax-exempt reserves | 789 | €52,141 | €61,395 | +€9,255 | +17.7% |
| Transfer to tax-exempt reserves | 689 | - | €584,373 | +€584,373 | |
| Profit (loss) for the period to be appropriated | 9905 | €136,942 | €80,778 | -€56,164 | -41.0% |
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 4 October 2026 via checked.be.