HUVERCA: 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.
HUVERCA
Largest movements
- Tangible fixed assets +€7,539
up €7,539 (+3.2%), from €235,538 to €243,077
of which Land and buildings: +€5,711
- Cash +€3,735
up €3,735 (+8.1%), from €46,143 to €49,878
mainly Net result for the year (+€12,251) and Depreciation (+€534)
- Reserves +€12,251
up €12,251 (+5.5%), from €224,189 to €236,441
- Gross operating margin +€1,656
up €1,656 (+7.3%), from €22,769 to €24,425
- Depreciation +€534
up €534, from €0 to €534
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 | €286,861 | €298,837 | +€11,976 | +4.2% |
| Fixed assets | 21/28 | €235,538 | €243,077 | +€7,539 | +3.2% |
| Tangible fixed assets | 22/27 | €235,538 | €243,077 | +€7,539 | +3.2% |
| Land and buildings | 22 | €235,538 | €241,249 | +€5,711 | +2.4% |
| Plant, machinery and equipment | 23 | - | €1,828 | +€1,828 | |
| Current assets | 29/58 | €51,323 | €55,760 | +€4,436 | +8.6% |
| Amounts receivable within one year | 40/41 | €5,181 | €5,859 | +€679 | +13.1% |
| Trade receivables | 40 | €3,449 | €3,449 | = | 0.0% |
| Other amounts receivable | 41 | €1,732 | €2,411 | +€679 | +39.2% |
| Cash at bank and in hand | 54/58 | €46,143 | €49,878 | +€3,735 | +8.1% |
| Deferred charges and accrued income | 490/1 | - | €23 | +€23 | |
| Total equity and liabilities | 10/49 | €286,861 | €298,837 | +€11,976 | +4.2% |
| Equity | 10/15 | €286,189 | €298,441 | +€12,251 | +4.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €224,189 | €236,441 | +€12,251 | +5.5% |
| Distributable reserves | 133 | €224,189 | €236,441 | +€12,251 | +5.5% |
| Amounts payable | 17/49 | €672 | €396 | -€276 | -41.0% |
| Amounts payable within one year | 42/48 | €672 | €396 | -€276 | -41.0% |
| Trade debts | 44 | €250 | €0 | -€250 | -100% |
| Suppliers | 440/4 | €250 | €0 | -€250 | -100% |
| Taxes, remuneration and social security | 45 | €422 | €396 | -€26 | -6.2% |
| Taxes | 450/3 | €422 | €396 | -€26 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €534 | +€534 | |
| Other operating charges | 640/8 | €7,637 | €7,798 | +€160 | +2.1% |
| Gross operating margin | 9900 | €22,769 | €24,425 | +€1,656 | +7.3% |
| Operating profit (loss) | 9901 | €15,132 | €16,094 | +€962 | +6.4% |
| Financial charges | 65/66B | €28 | €29 | +€1 | +5.2% |
| Recurring financial charges | 65 | €28 | €29 | +€1 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €15,104 | €16,064 | +€960 | +6.4% |
| Income taxes | 67/77 | €3,776 | €3,813 | +€37 | +1.0% |
| Profit (loss) for the period | 9904 | €11,328 | €12,251 | +€923 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,328 | €12,251 | +€923 | +8.1% |
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 22 October 2026 via checked.be.