HUVESEARCH: 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.
HUVESEARCH
Largest movements
- Cash +€24,961
up €24,961 (+121.1%), from €20,616 to €45,578
mainly Other debts (+€15,152) and Net result for the year (+€12,298)
- Receivables within one year -€10,843
down €10,843 (-54.6%), from €19,875 to €9,032
of which Trade receivables: -€8,102
- Tangible fixed assets -€4,012
down €4,012 (-38.9%), from €10,304 to €6,292
of which Furniture and vehicles: -€2,367
- Other debts +€15,152
new in 2024: €15,152
- Trade debts -€6,360
down €6,360 (-96.0%), from €6,625 to €264
- Reserves -€5,097
down €5,097 (-9.8%), from €51,803 to €46,705
of which Distributable reserves: -€5,097
- Tax, wage and social debts +€4,392
up €4,392 (+950.5%), from €462 to €4,855
- Profit (loss) carried forward +€1,446
no longer reported in 2024 (was -€1,446)
- Gross operating margin +€18,905
up €18,905 (+328.1%), from €5,762 to €24,666
- Taxes +€6,757
up €6,757 (+2253.7%), from €300 to €7,057
- Financial charges -€1,502
down €1,502 (-67.1%), from €2,239 to €737
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.
Cash bridge derived
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 | €103,338 | €112,893 | +€9,555 | +9.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €12,044 | €8,032 | -€4,012 | -33.3% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €10,304 | €6,292 | -€4,012 | -38.9% |
| Plant, machinery and equipment | 23 | €4,396 | €2,752 | -€1,645 | -37.4% |
| Furniture and vehicles | 24 | €5,907 | €3,540 | -€2,367 | -40.1% |
| Financial fixed assets | 28 | €1,740 | €1,740 | = | 0.0% |
| Current assets | 29/58 | €91,294 | €104,860 | +€13,566 | +14.9% |
| Stocks and contracts in progress | 3 | €50,627 | €49,872 | -€755 | -1.5% |
| Stocks | 30/36 | €50,627 | €49,872 | -€755 | -1.5% |
| Amounts receivable within one year | 40/41 | €19,875 | €9,032 | -€10,843 | -54.6% |
| Trade receivables | 40 | €14,045 | €5,943 | -€8,102 | -57.7% |
| Other amounts receivable | 41 | €5,830 | €3,089 | -€2,741 | -47.0% |
| Cash at bank and in hand | 54/58 | €20,616 | €45,578 | +€24,961 | +121.1% |
| Deferred charges and accrued income | 490/1 | €175 | €378 | +€203 | +115.7% |
| Total equity and liabilities | 10/49 | €103,338 | €112,893 | +€9,555 | +9.2% |
| Equity | 10/15 | €65,508 | €61,857 | -€3,651 | -5.6% |
| Contributions | 10/11 | €15,152 | €15,152 | = | 0.0% |
| Contributions outside capital | 11 | €15,152 | - | -€15,152 | |
| Other | 1109/19 | €15,152 | - | -€15,152 | |
| Reserves | 13 | €51,803 | €46,705 | -€5,097 | -9.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,045 | €13,045 | = | 0.0% |
| Distributable reserves | 133 | €36,897 | €31,800 | -€5,097 | -13.8% |
| Profit (loss) carried forward | 14 | -€1,446 | - | +€1,446 | |
| Provisions and deferred taxes | 16 | €30,000 | €30,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €30,000 | €30,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable | 17/49 | €7,829 | €21,035 | +€13,206 | +168.7% |
| Amounts payable within one year | 42/48 | €7,087 | €20,270 | +€13,184 | +186.0% |
| Trade debts | 44 | €6,625 | €264 | -€6,360 | -96.0% |
| Suppliers | 440/4 | €6,625 | €264 | -€6,360 | -96.0% |
| Taxes, remuneration and social security | 45 | €462 | €4,855 | +€4,392 | +950.5% |
| Taxes | 450/3 | €462 | €4,855 | +€4,392 | +950.5% |
| Other amounts payable | 47/48 | - | €15,152 | +€15,152 | |
| Accrued charges and deferred income | 492/3 | €743 | €765 | +€22 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,179 | €4,012 | -€167 | -4.0% |
| Other operating charges | 640/8 | €643 | €650 | +€7 | +1.1% |
| Gross operating margin | 9900 | €5,762 | €24,666 | +€18,905 | +328.1% |
| Operating profit (loss) | 9901 | €940 | €20,005 | +€19,065 | +2028.8% |
| Financial income | 75/76B | €153 | €88 | -€65 | -42.6% |
| Recurring financial income | 75 | €153 | €88 | -€65 | -42.6% |
| Financial charges | 65/66B | €2,239 | €737 | -€1,502 | -67.1% |
| Recurring financial charges | 65 | €2,239 | €737 | -€1,502 | -67.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,146 | €19,355 | +€20,501 | |
| Income taxes | 67/77 | €300 | €7,057 | +€6,757 | +2253.7% |
| Profit (loss) for the period | 9904 | -€1,446 | €12,298 | +€13,744 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,446 | €12,298 | +€13,744 |
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 12 October 2026 via checked.be.