HUYBAUW: 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.
HUYBAUW
Largest movements
- Current investments +€300,000
up €300,000 (+8,315%), from €3,608 to €303,608
- Cash -€184,414
down €184,414 (-60.3%), from €305,856 to €121,443
mainly Current investments (-€300,000) and Tax, wage and social debts (-€12,976)
- Tangible fixed assets -€21,074
down €21,074 (-7.9%), from €266,974 to €245,900
of which Plant, machinery and equipment: -€12,168
- Reserves +€115,000
up €115,000 (+25.6%), from €450,000 to €565,000
- Tax, wage and social debts -€12,976
down €12,976 (-55.0%), from €23,595 to €10,619
- Gross operating margin -€36,697
down €36,697 (-16.9%), from €217,266 to €180,570
- Taxes -€8,796
down €8,796 (-17.6%), from €50,029 to €41,233
- Depreciation -€3,663
down €3,663 (-14.8%), from €24,737 to €21,074
- Financial income +€3,578
up €3,578 (+10,271%), from €35 to €3,613
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 | €604,738 | €705,894 | +€101,156 | +16.7% |
| Fixed assets | 21/28 | €266,974 | €245,900 | -€21,074 | -7.9% |
| Tangible fixed assets | 22/27 | €266,974 | €245,900 | -€21,074 | -7.9% |
| Land and buildings | 22 | €191,356 | €182,449 | -€8,906 | -4.7% |
| Plant, machinery and equipment | 23 | €75,619 | €63,450 | -€12,168 | -16.1% |
| Current assets | 29/58 | €337,764 | €459,994 | +€122,230 | +36.2% |
| Amounts receivable within one year | 40/41 | €24,739 | €31,284 | +€6,545 | +26.5% |
| Trade receivables | 40 | €24,739 | €31,284 | +€6,545 | +26.5% |
| Current investments | 50/53 | €3,608 | €303,608 | +€300,000 | +8,315% |
| Cash at bank and in hand | 54/58 | €305,856 | €121,443 | -€184,414 | -60.3% |
| Deferred charges and accrued income | 490/1 | €3,561 | €3,661 | +€99 | +2.8% |
| Total equity and liabilities | 10/49 | €604,738 | €705,894 | +€101,156 | +16.7% |
| Equity | 10/15 | €566,148 | €677,141 | +€110,993 | +19.6% |
| Contributions | 10/11 | €111,718 | €111,718 | = | 0.0% |
| Reserves | 13 | €450,000 | €565,000 | +€115,000 | +25.6% |
| Distributable reserves | 133 | €450,000 | €565,000 | +€115,000 | +25.6% |
| Profit (loss) carried forward | 14 | €4,430 | €423 | -€4,007 | -90.4% |
| Amounts payable | 17/49 | €38,590 | €28,753 | -€9,837 | -25.5% |
| Amounts payable after more than one year | 17 | €3,580 | €7,340 | +€3,760 | +105% |
| Other amounts payable | 178/9 | €3,580 | €7,340 | +€3,760 | +105% |
| Amounts payable within one year | 42/48 | €35,010 | €19,383 | -€15,627 | -44.6% |
| Trade debts | 44 | €2,697 | €2,863 | +€165 | +6.1% |
| Suppliers | 440/4 | €2,697 | €2,863 | +€165 | +6.1% |
| Taxes, remuneration and social security | 45 | €23,595 | €10,619 | -€12,976 | -55.0% |
| Taxes | 450/3 | €23,595 | €10,619 | -€12,976 | -55.0% |
| Other amounts payable | 47/48 | €8,718 | €5,902 | -€2,816 | -32.3% |
| Accrued charges and deferred income | 492/3 | - | €2,030 | +€2,030 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,737 | €21,074 | -€3,663 | -14.8% |
| Other operating charges | 640/8 | €8,958 | €9,359 | +€401 | +4.5% |
| Gross operating margin | 9900 | €217,266 | €180,570 | -€36,697 | -16.9% |
| Operating profit (loss) | 9901 | €183,571 | €150,136 | -€33,435 | -18.2% |
| Financial income | 75/76B | €35 | €3,613 | +€3,578 | +10,271% |
| Recurring financial income | 75 | €35 | €3,613 | +€3,578 | +10,271% |
| Financial charges | 65/66B | €1,605 | €1,524 | -€82 | -5.1% |
| Recurring financial charges | 65 | €1,605 | €1,524 | -€82 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €182,001 | €152,226 | -€29,775 | -16.4% |
| Income taxes | 67/77 | €50,029 | €41,233 | -€8,796 | -17.6% |
| Profit (loss) for the period | 9904 | €131,972 | €110,993 | -€20,979 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €131,972 | €110,993 | -€20,979 | -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 24 October 2026 via checked.be.