Huval: 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.
Huval
Largest movements
- Tangible fixed assets -€13,053
down €13,053 (-1.5%), from €865,462 to €852,409
of which Land and buildings: -€13,053
- Profit (loss) carried forward -€17,460
down €17,460 (-15.7%), from -€111,213 to -€128,673
- Gross operating margin -€15,517
down €15,517, from €15,322 to -€196
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 | €897,134 | €881,082 | -€16,053 | -1.8% |
| Fixed assets | 21/28 | €865,462 | €852,409 | -€13,053 | -1.5% |
| Tangible fixed assets | 22/27 | €865,462 | €852,409 | -€13,053 | -1.5% |
| Land and buildings | 22 | €785,981 | €772,928 | -€13,053 | -1.7% |
| Assets under construction and advance payments | 27 | €79,481 | €79,481 | = | 0.0% |
| Current assets | 29/58 | €31,672 | €28,673 | -€2,999 | -9.5% |
| Cash at bank and in hand | 54/58 | €31,672 | €28,673 | -€2,999 | -9.5% |
| Total equity and liabilities | 10/49 | €897,134 | €881,082 | -€16,053 | -1.8% |
| Equity | 10/15 | €626,787 | €609,327 | -€17,460 | -2.8% |
| Contributions | 10/11 | €738,000 | €738,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,213 | -€128,673 | -€17,460 | -15.7% |
| Amounts payable | 17/49 | €270,347 | €271,755 | +€1,407 | +0.5% |
| Amounts payable within one year | 42/48 | €270,000 | €271,755 | +€1,755 | +0.6% |
| Trade debts | 44 | - | €1,755 | +€1,755 | |
| Suppliers | 440/4 | - | €1,755 | +€1,755 | |
| Other amounts payable | 47/48 | €270,000 | €270,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €347 | €0 | -€347 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,053 | €13,053 | = | 0.0% |
| Other operating charges | 640/8 | €4,018 | €4,167 | +€149 | +3.7% |
| Gross operating margin | 9900 | €15,322 | -€196 | -€15,517 | |
| Operating profit (loss) | 9901 | -€1,749 | -€17,416 | -€15,666 | -895.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,793 | -€17,460 | -€15,667 | -873.9% |
| Profit (loss) for the period | 9904 | -€1,793 | -€17,460 | -€15,667 | -873.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,793 | -€17,460 | -€15,667 | -873.9% |
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 7 October 2026 via checked.be.