Huwicon: 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.
Huwicon
Largest movements
- Current investments +€60,035
new in 2025: €60,035
- Cash -€12,675
down €12,675 (-9.9%), from €128,573 to €115,898
mainly Current investments (-€60,035) and Investment in fixed assets (net) (-€1,098)
- Tangible fixed assets -€8,064
down €8,064 (-31.5%), from €25,580 to €17,516
- Receivables within one year -€2,339
down €2,339 (-15.1%), from €15,533 to €13,194
of which Trade receivables: -€5,650
- Reserves +€32,158
up €32,158 (+20.3%), from €158,079 to €190,237
- Accrued charges and deferred income +€4,808
new in 2025: €4,808
- Gross operating margin +€6,558
up €6,558 (+12.9%), from €50,745 to €57,302
- Taxes +€2,118
up €2,118 (+16.0%), from €13,228 to €15,346
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 | €171,075 | €208,194 | +€37,119 | +21.7% |
| Fixed assets | 21/28 | €25,580 | €17,516 | -€8,064 | -31.5% |
| Tangible fixed assets | 22/27 | €25,580 | €17,516 | -€8,064 | -31.5% |
| Furniture and vehicles | 24 | €25,580 | €17,516 | -€8,064 | -31.5% |
| Current assets | 29/58 | €145,495 | €190,679 | +€45,183 | +31.1% |
| Amounts receivable within one year | 40/41 | €15,533 | €13,194 | -€2,339 | -15.1% |
| Trade receivables | 40 | €14,976 | €9,326 | -€5,650 | -37.7% |
| Other amounts receivable | 41 | €557 | €3,868 | +€3,311 | +594% |
| Current investments | 50/53 | - | €60,035 | +€60,035 | |
| Cash at bank and in hand | 54/58 | €128,573 | €115,898 | -€12,675 | -9.9% |
| Deferred charges and accrued income | 490/1 | €1,389 | €1,552 | +€163 | +11.7% |
| Total equity and liabilities | 10/49 | €171,075 | €208,194 | +€37,119 | +21.7% |
| Equity | 10/15 | €170,479 | €202,637 | +€32,158 | +18.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €158,079 | €190,237 | +€32,158 | +20.3% |
| Distributable reserves | 133 | €158,079 | €190,237 | +€32,158 | +20.3% |
| Amounts payable | 17/49 | €596 | €5,557 | +€4,961 | +833% |
| Amounts payable within one year | 42/48 | €596 | €749 | +€153 | +25.7% |
| Trade debts | 44 | €258 | €197 | -€61 | -23.7% |
| Suppliers | 440/4 | €258 | €197 | -€61 | -23.7% |
| Advances received on contracts in progress | 46 | - | €5 | +€5 | |
| Taxes, remuneration and social security | 45 | €228 | - | -€228 | |
| Taxes | 450/3 | €228 | - | -€228 | |
| Other amounts payable | 47/48 | €110 | €547 | +€437 | +397% |
| Accrued charges and deferred income | 492/3 | - | €4,808 | +€4,808 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,064 | €9,163 | +€99 | +1.1% |
| Other operating charges | 640/8 | €619 | €607 | -€12 | -1.9% |
| Gross operating margin | 9900 | €50,745 | €57,302 | +€6,558 | +12.9% |
| Operating profit (loss) | 9901 | €41,062 | €47,533 | +€6,471 | +15.8% |
| Financial income | 75/76B | - | €50 | +€50 | |
| Recurring financial income | 75 | - | €50 | +€50 | |
| Financial charges | 65/66B | €82 | €79 | -€3 | -3.4% |
| Recurring financial charges | 65 | €82 | €79 | -€3 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €40,980 | €47,503 | +€6,524 | +15.9% |
| Income taxes | 67/77 | €13,228 | €15,346 | +€2,118 | +16.0% |
| Profit (loss) for the period | 9904 | €27,752 | €32,158 | +€4,405 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,752 | €32,158 | +€4,405 | +15.9% |
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 23 October 2026 via checked.be.