HUVENGI: 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.
HUVENGI
Largest movements
- Receivables within one year +€28,573
up €28,573 (+120.1%), from €23,800 to €52,373
of which Trade receivables: +€28,931
- Current investments -€7,919
down €7,919 (-39.5%), from €20,069 to €12,150
- Tangible fixed assets +€2,324
up €2,324 (+115.2%), from €2,018 to €4,342
of which Plant, machinery and equipment: +€3,107
- Deferred charges and accrued income +€1,289
up €1,289 (+259.0%), from €497 to €1,786
- Trade debts +€33,286
up €33,286 (+9020.9%), from €369 to €33,655
- Other debts -€18,299
down €18,299 (-90.6%), from €20,206 to €1,907
- Reserves +€10,264
up €10,264 (+192.4%), from €5,334 to €15,598
of which Distributable reserves: +€10,264
- Short-term financial debts -€1,799
down €1,799 (-93.3%), from €1,929 to €130
- Gross operating margin +€21,578
up €21,578 (+66.8%), from €32,311 to €53,888
- Taxes +€7,600
up €7,600 (+119.9%), from €6,337 to €13,937
- Financial income +€1,848
up €1,848 (+893.2%), from €207 to €2,055
- Other operating charges -€1,241
down €1,241 (-91.2%), from €1,361 to €120
- Depreciation +€920
up €920 (+278.8%), from €330 to €1,251
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 | €52,926 | €76,710 | +€23,784 | +44.9% |
| Fixed assets | 21/28 | €3,118 | €5,442 | +€2,324 | +74.5% |
| Tangible fixed assets | 22/27 | €2,018 | €4,342 | +€2,324 | +115.2% |
| Plant, machinery and equipment | 23 | - | €3,107 | +€3,107 | |
| Furniture and vehicles | 24 | €2,018 | €1,235 | -€783 | -38.8% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €49,808 | €71,268 | +€21,460 | +43.1% |
| Amounts receivable within one year | 40/41 | €23,800 | €52,373 | +€28,573 | +120.1% |
| Trade receivables | 40 | €23,428 | €52,359 | +€28,931 | +123.5% |
| Other amounts receivable | 41 | €372 | €14 | -€358 | -96.1% |
| Current investments | 50/53 | €20,069 | €12,150 | -€7,919 | -39.5% |
| Cash at bank and in hand | 54/58 | €5,442 | €4,959 | -€483 | -8.9% |
| Deferred charges and accrued income | 490/1 | €497 | €1,786 | +€1,289 | +259.0% |
| Total equity and liabilities | 10/49 | €52,926 | €76,710 | +€23,784 | +44.9% |
| Equity | 10/15 | €23,934 | €34,198 | +€10,264 | +42.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,334 | €15,598 | +€10,264 | +192.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €5,334 | €15,598 | +€10,264 | +192.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,992 | €42,512 | +€13,520 | +46.6% |
| Amounts payable within one year | 42/48 | €28,992 | €42,512 | +€13,520 | +46.6% |
| Financial debts | 43 | €1,929 | €130 | -€1,799 | -93.3% |
| Credit institutions | 430/8 | €1,929 | €130 | -€1,799 | -93.3% |
| Trade debts | 44 | €369 | €33,655 | +€33,286 | +9020.9% |
| Suppliers | 440/4 | €369 | €33,655 | +€33,286 | +9020.9% |
| Taxes, remuneration and social security | 45 | €6,488 | €6,820 | +€331 | +5.1% |
| Taxes | 450/3 | €6,488 | €6,820 | +€331 | +5.1% |
| Other amounts payable | 47/48 | €20,206 | €1,907 | -€18,299 | -90.6% |
| Remuneration, social security and pensions | 62 | €479 | €35 | -€444 | -92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €330 | €1,251 | +€920 | +278.8% |
| Other operating charges | 640/8 | €1,361 | €120 | -€1,241 | -91.2% |
| Gross operating margin | 9900 | €32,311 | €53,888 | +€21,578 | +66.8% |
| Operating profit (loss) | 9901 | €30,140 | €52,482 | +€22,342 | +74.1% |
| Financial income | 75/76B | €207 | €2,055 | +€1,848 | +893.2% |
| Recurring financial income | 75 | €207 | €2,055 | +€1,848 | +893.2% |
| Financial charges | 65/66B | €668 | €337 | -€331 | -49.5% |
| Recurring financial charges | 65 | €668 | €337 | -€331 | -49.5% |
| Profit (loss) for the period before taxes | 9903 | €29,679 | €54,201 | +€24,521 | +82.6% |
| Income taxes | 67/77 | €6,337 | €13,937 | +€7,600 | +119.9% |
| Profit (loss) for the period | 9904 | €23,342 | €40,264 | +€16,922 | +72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,342 | €40,264 | +€16,922 | +72.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.