HUVECON: 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.
HUVECON
Largest movements
- Receivables after one year +€25,824
up €25,824 (+32.6%), from €79,258 to €105,082
- Receivables within one year +€9,938
up €9,938 (+85.8%), from €11,584 to €21,522
of which Trade receivables: +€7,322
- Tangible fixed assets -€7,395
down €7,395 (-31.8%), from €23,261 to €15,866
of which Plant, machinery and equipment: -€18,738
- Stocks and contracts +€7,000
up €7,000 (+12.9%), from €54,400 to €61,400
- Cash +€2,110
up €2,110 (+708.1%), from €298 to €2,408
mainly Other debts (+€49,967) and Depreciation (+€7,395)
- Other debts +€49,967
up €49,967 (+629.2%), from €7,941 to €57,908
- Profit (loss) carried forward -€16,020
down €16,020 (-4.3%), from -€375,195 to -€391,215
- Trade debts +€4,028
up €4,028 (+19.5%), from €20,684 to €24,712
- Turnover -€37,468
down €37,468 (-37.2%), from €100,718 to €63,250
- Gross operating margin -€11,695
down €11,695, from €3,488 to -€8,207
- Purchases and services -€10,812
down €10,812 (-11.0%), from €98,572 to €87,760
- Financial charges +€2,260
up €2,260 (+590.1%), from €383 to €2,643
- Financial income +€1,723
up €1,723 (+73.5%), from €2,345 to €4,068
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 | €168,801 | €206,278 | +€37,477 | +22.2% |
| Fixed assets | 21/28 | €23,261 | €15,866 | -€7,395 | -31.8% |
| Tangible fixed assets | 22/27 | €23,261 | €15,866 | -€7,395 | -31.8% |
| Plant, machinery and equipment | 23 | €23,261 | €4,523 | -€18,738 | -80.6% |
| Furniture and vehicles | 24 | - | €11,343 | +€11,343 | |
| Current assets | 29/58 | €145,540 | €190,412 | +€44,872 | +30.8% |
| Amounts receivable after more than one year | 29 | €79,258 | €105,082 | +€25,824 | +32.6% |
| Other amounts receivable | 291 | €79,258 | €105,082 | +€25,824 | +32.6% |
| Stocks and contracts in progress | 3 | €54,400 | €61,400 | +€7,000 | +12.9% |
| Stocks | 30/36 | €54,400 | €61,400 | +€7,000 | +12.9% |
| Amounts receivable within one year | 40/41 | €11,584 | €21,522 | +€9,938 | +85.8% |
| Trade receivables | 40 | €9,924 | €17,246 | +€7,322 | +73.8% |
| Other amounts receivable | 41 | €1,660 | €4,276 | +€2,616 | +157.6% |
| Cash at bank and in hand | 54/58 | €298 | €2,408 | +€2,110 | +708.1% |
| Total equity and liabilities | 10/49 | €168,801 | €206,278 | +€37,477 | +22.2% |
| Equity | 10/15 | €135,405 | €119,385 | -€16,020 | -11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €492,000 | €492,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €490,140 | €490,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€375,195 | -€391,215 | -€16,020 | -4.3% |
| Amounts payable | 17/49 | €33,396 | €86,893 | +€53,497 | +160.2% |
| Amounts payable within one year | 42/48 | €33,396 | €86,893 | +€53,497 | +160.2% |
| Trade debts | 44 | €20,684 | €24,712 | +€4,028 | +19.5% |
| Suppliers | 440/4 | €20,684 | €24,712 | +€4,028 | +19.5% |
| Taxes, remuneration and social security | 45 | €4,771 | €4,273 | -€498 | -10.4% |
| Taxes | 450/3 | €4,771 | €4,273 | -€498 | -10.4% |
| Other amounts payable | 47/48 | €7,941 | €57,908 | +€49,967 | +629.2% |
| Turnover | 70 | €100,718 | €63,250 | -€37,468 | -37.2% |
| Non-recurring operating income | 76A | €22,841 | €16,303 | -€6,538 | -28.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €98,572 | €87,760 | -€10,812 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,742 | €7,395 | +€1,653 | +28.8% |
| Other operating charges | 640/8 | €1,304 | €1,843 | +€539 | +41.3% |
| Gross operating margin | 9900 | €3,488 | -€8,207 | -€11,695 | |
| Operating profit (loss) | 9901 | -€3,558 | -€17,445 | -€13,887 | -390.3% |
| Financial income | 75/76B | €2,345 | €4,068 | +€1,723 | +73.5% |
| Recurring financial income | 75 | €2,345 | €4,068 | +€1,723 | +73.5% |
| Financial charges | 65/66B | €383 | €2,643 | +€2,260 | +590.1% |
| Recurring financial charges | 65 | €383 | €2,643 | +€2,260 | +590.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,596 | -€16,020 | -€14,424 | -903.8% |
| Profit (loss) for the period | 9904 | -€1,596 | -€16,020 | -€14,424 | -903.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,596 | -€16,020 | -€14,424 | -903.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.