HUVANA: 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.
HUVANA
Largest movements
- Current investments +€199,261
new in 2025: €199,261
- Cash -€148,426
down €148,426 (-54.8%), from €270,695 to €122,269
mainly Current investments (-€199,261) and Debts after one year (-€66,943)
- Tangible fixed assets -€62,799
down €62,799 (-6.3%), from €995,674 to €932,875
- Debts after one year -€66,943
down €66,943 (-12.5%), from €533,432 to €466,489
- Reserves +€49,778
up €49,778 (+9.6%), from €519,242 to €569,019
of which Distributable reserves: +€49,778
- Gross operating margin +€11,397
up €11,397 (+9.6%), from €119,161 to €130,558
- Financial income +€7,827
up €7,827 (+5,648%), from €139 to €7,966
- Taxes +€4,297
up €4,297 (+38.2%), from €11,258 to €15,555
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,268,598 | €1,257,887 | -€10,711 | -0.8% |
| Fixed assets | 21/28 | €995,674 | €932,875 | -€62,799 | -6.3% |
| Tangible fixed assets | 22/27 | €995,674 | €932,875 | -€62,799 | -6.3% |
| Land and buildings | 22 | €995,674 | €932,875 | -€62,799 | -6.3% |
| Current assets | 29/58 | €272,924 | €325,012 | +€52,088 | +19.1% |
| Amounts receivable within one year | 40/41 | €1,362 | €198 | -€1,164 | -85.5% |
| Other amounts receivable | 41 | €1,362 | €198 | -€1,164 | -85.5% |
| Current investments | 50/53 | - | €199,261 | +€199,261 | |
| Cash at bank and in hand | 54/58 | €270,695 | €122,269 | -€148,426 | -54.8% |
| Deferred charges and accrued income | 490/1 | €867 | €3,284 | +€2,417 | +279% |
| Total equity and liabilities | 10/49 | €1,268,598 | €1,257,887 | -€10,711 | -0.8% |
| Equity | 10/15 | €663,797 | €713,575 | +€49,778 | +7.5% |
| Contributions | 10/11 | €144,555 | €144,555 | = | 0.0% |
| Capital | 10 | €144,555 | €144,555 | = | 0.0% |
| Issued capital | 100 | €144,555 | €144,555 | = | 0.0% |
| Reserves | 13 | €519,242 | €569,019 | +€49,778 | +9.6% |
| Non-distributable reserves | 130/1 | €14,456 | €14,456 | = | 0.0% |
| Legal reserve | 130 | €14,456 | €14,456 | = | 0.0% |
| Distributable reserves | 133 | €504,786 | €554,564 | +€49,778 | +9.9% |
| Amounts payable | 17/49 | €604,802 | €544,312 | -€60,489 | -10.0% |
| Amounts payable after more than one year | 17 | €533,432 | €466,489 | -€66,943 | -12.5% |
| Financial debts | 170/4 | €533,432 | €466,489 | -€66,943 | -12.5% |
| Amounts payable within one year | 42/48 | €71,370 | €74,182 | +€2,813 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €65,954 | €66,943 | +€989 | +1.5% |
| Trade debts | 44 | €1,500 | €2,023 | +€523 | +34.8% |
| Suppliers | 440/4 | €1,500 | €2,023 | +€523 | +34.8% |
| Taxes, remuneration and social security | 45 | €1,216 | €2,167 | +€951 | +78.2% |
| Taxes | 450/3 | €1,216 | €2,167 | +€951 | +78.2% |
| Other amounts payable | 47/48 | €2,700 | €3,050 | +€350 | +13.0% |
| Accrued charges and deferred income | 492/3 | - | €3,641 | +€3,641 | |
| Non-recurring operating income | 76A | €120 | €0 | -€120 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,069 | €62,799 | +€730 | +1.2% |
| Other operating charges | 640/8 | €1,075 | €1,094 | +€18 | +1.7% |
| Gross operating margin | 9900 | €119,161 | €130,558 | +€11,397 | +9.6% |
| Operating profit (loss) | 9901 | €56,017 | €66,665 | +€10,648 | +19.0% |
| Financial income | 75/76B | €139 | €7,966 | +€7,827 | +5,648% |
| Recurring financial income | 75 | €139 | €7,966 | +€7,827 | +5,648% |
| Financial charges | 65/66B | €9,534 | €9,299 | -€236 | -2.5% |
| Recurring financial charges | 65 | €9,534 | €9,299 | -€236 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €46,621 | €65,332 | +€18,712 | +40.1% |
| Income taxes | 67/77 | €11,258 | €15,555 | +€4,297 | +38.2% |
| Profit (loss) for the period | 9904 | €35,363 | €49,778 | +€14,415 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,363 | €49,778 | +€14,415 | +40.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.