HuVePharma: 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.
What changed
HuVePharma
NACE 46.216, Wholesale of agricultural produce and animal feed, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€5.9m
2024 · €4.8m+€1.1m
Equity
€49.8m
2024 · €43.9m+€5.9m
Cash
€4.6m
2024 · €5.8m-€1.2m
Balance sheet total
€107.7m
2024 · €97.5m+€10.1m
Largest movements
Assets
- Intangible fixed assets +€7.1m
up €7.1m (+15.0%), from €47.6m to €54.8m
- Stocks and contracts +€2.1m
up €2.1m (+7.8%), from €26.5m to €28.5m
- Receivables within one year +€2.1m
up €2.1m (+14.2%), from €14.5m to €16.6m
of which Trade receivables: +€2.6m
- Cash -€1.2m
down €1.2m (-20.8%), from €5.8m to €4.6m
mainly Investment in fixed assets (net) (-€20.3m) and Stocks and contracts (-€2.1m)
Equity and liabilities
- Profit (loss) carried forward +€4.9m
up €4.9m (+18.5%), from €26.5m to €31.4m
- Accrued charges and deferred income +€2.0m
up €2.0m (+36.1%), from €5.4m to €7.4m
- Trade debts +€1.5m
up €1.5m (+3.2%), from €45.8m to €47.2m
Income statement
- Turnover +€12.1m
up €12.1m (+10.5%), from €115.0m to €127.1m
- Goods and materials +€10.1m
up €10.1m (+11.1%), from €90.7m to €100.8m
of which Purchases: +€7.9m
- Other operating income +€9.5m
up €9.5m (+27.7%), from €34.4m to €44.0m
- Staff costs +€4.9m
up €4.9m (+41.0%), from €12.0m to €16.9m
- Services and other goods +€3.9m
up €3.9m (+12.9%), from €30.3m to €34.3m
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.
Result 2024
€4.8m
Turnover
+€12.1m
Other operating income
+€9.5m
Goods and materials
-€10.1m
Services and other goods
-€3.9m
Staff costs
-€4.9m
Depreciation
-€1.0m
Write-downs
+€1,787
Other operating charges
-€103,046
Other operating items
-€3,051
Financial income
+€162,179
Financial charges
-€74,617
Taxes
-€564,156
Result 2025
€5.9m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€19.1m
Investment
-€20.3m
Financing
-€78,240
Cash 2024
€5.8m
From operations (derived)
+€19.1m
Net result for the year
+€5.9m
Depreciation
+€13.1m
Smaller working-capital items
-€39,078
Stocks and contracts
-€2.1m
Receivables within one year
-€2.1m
Trade debts
+€1.5m
Tax, wage and social debts
+€1.0m
Advances received
-€89,700
Accrued charges and deferred income
+€2.0m
Investment (derived)
-€20.3m
Investment in fixed assets (net)
-€20.3m
Current investments
+€17,893
Financing
-€78,240
Debts after one year
-€58,924
Current portion of long-term debt
-€19,316
Cash 2025
€4.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,540,285 | €107,689,018 | +€10.1m | +10.4% |
| Fixed assets | 21/28 | €48,734,434 | €55,932,633 | +€7.2m | +14.8% |
| Intangible fixed assets | 21 | €47,616,309 | €54,762,925 | +€7.1m | +15.0% |
| Tangible fixed assets | 22/27 | €829,193 | €934,599 | +€105,406 | +12.7% |
| Plant, machinery and equipment | 23 | €234,371 | €221,428 | -€12,943 | -5.5% |
| Furniture and vehicles | 24 | €142,864 | €168,446 | +€25,581 | +17.9% |
| Other tangible fixed assets | 26 | €451,958 | €544,726 | +€92,768 | +20.5% |
| Financial fixed assets | 28 | €288,932 | €235,109 | -€53,824 | -18.6% |
| Affiliated companies | 280/1 | €1,000 | €1,000 | = | 0.0% |
| Participating interests | 280 | €1,000 | €1,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €287,932 | €234,109 | -€53,824 | -18.7% |
| Amounts receivable and cash guarantees | 285/8 | €287,932 | €234,109 | -€53,824 | -18.7% |
| Current assets | 29/58 | €48,805,851 | €51,756,385 | +€3.0m | +6.0% |
| Amounts receivable after more than one year | 29 | €4,586 | €8,451 | +€3,865 | +84.3% |
| Other amounts receivable | 291 | €4,586 | €8,451 | +€3,865 | +84.3% |
| Stocks and contracts in progress | 3 | €26,477,796 | €28,548,483 | +€2.1m | +7.8% |
| Stocks | 30/36 | €26,477,796 | €28,548,483 | +€2.1m | +7.8% |
| Goods purchased for resale | 34 | €26,477,796 | €28,548,483 | +€2.1m | +7.8% |
| Amounts receivable within one year | 40/41 | €14,546,909 | €16,611,446 | +€2.1m | +14.2% |
| Trade receivables | 40 | €13,338,545 | €15,941,226 | +€2.6m | +19.5% |
| Other amounts receivable | 41 | €1,208,365 | €670,220 | -€538,144 | -44.5% |
| Current investments | 50/53 | €17,893 | - | -€17,893 | |
| Other investments | 51/53 | €17,893 | - | -€17,893 | |
| Cash at bank and in hand | 54/58 | €5,797,695 | €4,591,821 | -€1.2m | -20.8% |
| Deferred charges and accrued income | 490/1 | €1,960,971 | €1,996,184 | +€35,213 | +1.8% |
| Total equity and liabilities | 10/49 | €97,540,285 | €107,689,018 | +€10.1m | +10.4% |
| Equity | 10/15 | €43,887,104 | €49,777,357 | +€5.9m | +13.4% |
| Contributions | 10/11 | €4,500,000 | €4,500,000 | = | 0.0% |
| Capital | 10 | €4,500,000 | €4,500,000 | = | 0.0% |
| Issued capital | 100 | €4,500,000 | €4,500,000 | = | 0.0% |
| Reserves | 13 | €12,864,549 | €13,853,899 | +€989,350 | +7.7% |
| Non-distributable reserves | 130/1 | €450,000 | €450,000 | = | 0.0% |
| Legal reserve | 130 | €450,000 | €450,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,241,450 | €3,967,925 | -€1.3m | -24.3% |
| Distributable reserves | 133 | €7,173,099 | €9,435,974 | +€2.3m | +31.5% |
| Profit (loss) carried forward | 14 | €26,522,555 | €31,423,458 | +€4.9m | +18.5% |
| Amounts payable | 17/49 | €53,653,181 | €57,911,661 | +€4.3m | +7.9% |
| Amounts payable after more than one year | 17 | €86,781 | €27,857 | -€58,924 | -67.9% |
| Financial debts | 170/4 | €86,781 | €27,857 | -€58,924 | -67.9% |
| Leasing and similar obligations | 172 | €86,781 | €27,857 | -€58,924 | -67.9% |
| Amounts payable within one year | 42/48 | €48,139,351 | €50,500,183 | +€2.4m | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €98,522 | €79,206 | -€19,316 | -19.6% |
| Trade debts | 44 | €45,756,302 | €47,211,169 | +€1.5m | +3.2% |
| Suppliers | 440/4 | €45,756,302 | €47,211,169 | +€1.5m | +3.2% |
| Advances received on contracts in progress | 46 | €89,700 | - | -€89,700 | |
| Taxes, remuneration and social security | 45 | €2,077,327 | €3,092,308 | +€1.0m | +48.9% |
| Taxes | 450/3 | €1,133,544 | €2,043,813 | +€910,269 | +80.3% |
| Remuneration and social security | 454/9 | €943,783 | €1,048,495 | +€104,712 | +11.1% |
| Other amounts payable | 47/48 | €117,500 | €117,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,427,049 | €7,383,621 | +€2.0m | +36.1% |
| Operating income | 70/76A | €152,590,999 | €174,204,645 | +€21.6m | +14.2% |
| Turnover | 70 | €115,026,597 | €127,095,181 | +€12.1m | +10.5% |
| Own construction capitalised | 72 | €3,129,515 | €3,125,471 | -€4,044 | -0.1% |
| Other operating income | 74 | €34,434,887 | €43,983,994 | +€9.5m | +27.7% |
| Operating charges | 60/66A | €145,746,408 | €165,770,545 | +€20.0m | +13.7% |
| Goods for resale, raw materials and consumables | 60 | €90,729,523 | €100,810,348 | +€10.1m | +11.1% |
| Purchases | 600/8 | €95,007,372 | €102,881,035 | +€7.9m | +8.3% |
| Change in stocks: decrease (increase) | 609 | -€4,277,849 | -€2,070,687 | +€2.2m | +51.6% |
| Services and other goods | 61 | €30,348,572 | €34,266,838 | +€3.9m | +12.9% |
| Remuneration, social security and pensions | 62 | €11,988,476 | €16,902,324 | +€4.9m | +41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,074,280 | €13,085,213 | +€1.0m | +8.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,787 | -€1,787 | |
| Other operating charges | 640/8 | €604,532 | €707,578 | +€103,046 | +17.0% |
| Non-recurring operating charges | 66A | €1,025 | €32 | -€993 | -96.9% |
| Operating profit (loss) | 9901 | €6,844,591 | €8,434,100 | +€1.6m | +23.2% |
| Financial income | 75/76B | €370,509 | €532,689 | +€162,179 | +43.8% |
| Recurring financial income | 75 | €370,509 | €532,689 | +€162,179 | +43.8% |
| Income from current assets | 751 | €57,773 | €43,986 | -€13,787 | -23.9% |
| Other financial income | 752/9 | €312,737 | €488,703 | +€175,966 | +56.3% |
| Financial charges | 65/66B | €946,328 | €1,020,945 | +€74,617 | +7.9% |
| Recurring financial charges | 65 | €946,328 | €1,020,945 | +€74,617 | +7.9% |
| Debt charges | 650 | €104,606 | €171,631 | +€67,024 | +64.1% |
| Other financial charges | 652/9 | €841,721 | €849,314 | +€7,593 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €6,268,773 | €7,945,844 | +€1.7m | +26.8% |
| Income taxes | 67/77 | €1,491,435 | €2,055,591 | +€564,156 | +37.8% |
| Taxes | 670/3 | €1,514,516 | €2,055,591 | +€541,075 | +35.7% |
| Tax adjustments and reversals of tax provisions | 77 | €23,081 | - | -€23,081 | |
| Profit (loss) for the period | 9904 | €4,777,338 | €5,890,253 | +€1.1m | +23.3% |
| Transfer to tax-exempt reserves | 689 | €989,350 | €989,350 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,787,988 | €4,900,903 | +€1.1m | +29.4% |
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 19 October 2026 via checked.be.