HUVEFAR: 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.
HUVEFAR
Largest movements
- Receivables within one year +€74,264
up €74,264 (+17.1%), from €435,066 to €509,330
of which Other amounts receivable: +€144,141
- Cash -€49,894
down €49,894 (-33.0%), from €151,314 to €101,420
mainly Receivables within one year (-€74,264) and Trade debts (-€9,615)
- Tangible fixed assets -€14,988
down €14,988 (-9.3%), from €160,820 to €145,833
of which Land and buildings: -€14,338
- Profit (loss) carried forward +€14,095
up €14,095 (+1.4%), from €1.0m to €1.0m
- Gross operating margin -€41,574
down €41,574 (-32.1%), from €129,484 to €87,910
- Staff costs -€3,553
down €3,553 (-7.2%), from €49,564 to €46,012
- Taxes -€1,987
down €1,987 (-25.8%), from €7,687 to €5,700
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,327,256 | €1,336,568 | +€9,313 | +0.7% |
| Fixed assets | 21/28 | €739,561 | €724,573 | -€14,988 | -2.0% |
| Tangible fixed assets | 22/27 | €160,820 | €145,833 | -€14,988 | -9.3% |
| Land and buildings | 22 | €159,060 | €144,721 | -€14,338 | -9.0% |
| Furniture and vehicles | 24 | €1,761 | €1,111 | -€649 | -36.9% |
| Financial fixed assets | 28 | €578,741 | €578,741 | = | 0.0% |
| Current assets | 29/58 | €587,695 | €611,995 | +€24,300 | +4.1% |
| Amounts receivable within one year | 40/41 | €435,066 | €509,330 | +€74,264 | +17.1% |
| Trade receivables | 40 | €104,870 | €34,993 | -€69,877 | -66.6% |
| Other amounts receivable | 41 | €330,196 | €474,337 | +€144,141 | +43.7% |
| Cash at bank and in hand | 54/58 | €151,314 | €101,420 | -€49,894 | -33.0% |
| Deferred charges and accrued income | 490/1 | €1,315 | €1,245 | -€70 | -5.3% |
| Total equity and liabilities | 10/49 | €1,327,256 | €1,336,568 | +€9,313 | +0.7% |
| Equity | 10/15 | €1,303,472 | €1,317,567 | +€14,095 | +1.1% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €161,010 | €161,010 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Legal reserve | 130 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €149,010 | €149,010 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,022,462 | €1,036,557 | +€14,095 | +1.4% |
| Amounts payable | 17/49 | €23,783 | €19,001 | -€4,782 | -20.1% |
| Amounts payable within one year | 42/48 | €23,783 | €19,001 | -€4,782 | -20.1% |
| Financial debts | 43 | - | €5,000 | +€5,000 | |
| Credit institutions | 430/8 | - | €5,000 | +€5,000 | |
| Trade debts | 44 | €10,815 | €1,201 | -€9,615 | -88.9% |
| Suppliers | 440/4 | €10,815 | €1,201 | -€9,615 | -88.9% |
| Taxes, remuneration and social security | 45 | €12,535 | €11,944 | -€590 | -4.7% |
| Taxes | 450/3 | €6,645 | €6,054 | -€590 | -8.9% |
| Remuneration and social security | 454/9 | €5,890 | €5,890 | = | 0.0% |
| Other amounts payable | 47/48 | €433 | €856 | +€423 | +97.6% |
| Remuneration, social security and pensions | 62 | €49,564 | €46,012 | -€3,553 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,920 | €14,974 | +€54 | +0.4% |
| Other operating charges | 640/8 | €7,280 | €7,799 | +€519 | +7.1% |
| Gross operating margin | 9900 | €129,484 | €87,910 | -€41,574 | -32.1% |
| Operating profit (loss) | 9901 | €57,719 | €19,125 | -€38,594 | -66.9% |
| Financial income | 75/76B | €1 | €1,026 | +€1,025 | +138,492% |
| Recurring financial income | 75 | €1 | €1,026 | +€1,025 | +138,492% |
| Financial charges | 65/66B | €350 | €356 | +€6 | +1.8% |
| Recurring financial charges | 65 | €350 | €356 | +€6 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €57,370 | €19,795 | -€37,575 | -65.5% |
| Income taxes | 67/77 | €7,687 | €5,700 | -€1,987 | -25.8% |
| Profit (loss) for the period | 9904 | €49,683 | €14,095 | -€35,588 | -71.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,683 | €14,095 | -€35,588 | -71.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.