HUYBRECHTS: 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.
HUYBRECHTS
Largest movements
- Tangible fixed assets -€168,743
down €168,743 (-9.5%), from €1.8m to €1.6m
of which Land and buildings: -€167,797
- Cash -€63,405
down €63,405 (-85.0%), from €74,590 to €11,185
mainly Short-term financial debts (-€203,551) and Provisions (-€27,336)
- Short-term financial debts -€203,551
down €203,551 (-14.4%), from €1.4m to €1.2m
- Profit (loss) carried forward +€72,939
up €72,939 (+20.9%), from -€348,387 to -€275,448
- Reserves -€65,077
down €65,077 (-12.3%), from €530,849 to €465,772
- Provisions -€27,336
down €27,336 (-12.3%), from €222,984 to €195,648
- Trade debts -€21,834
down €21,834 (-42.2%), from €51,756 to €29,922
- Gross operating margin -€85,846
down €85,846 (-44.1%), from €194,867 to €109,021
- Financial charges -€47,031
down €47,031 (-38.3%), from €122,899 to €75,868
- Depreciation -€8,768
down €8,768 (-15.1%), from €57,889 to €49,122
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 | €1,907,095 | €1,680,712 | -€226,383 | -11.9% |
| Fixed assets | 21/28 | €1,775,917 | €1,607,175 | -€168,743 | -9.5% |
| Tangible fixed assets | 22/27 | €1,774,917 | €1,606,175 | -€168,743 | -9.5% |
| Land and buildings | 22 | €1,744,446 | €1,576,650 | -€167,797 | -9.6% |
| Furniture and vehicles | 24 | €1,721 | €775 | -€946 | -55.0% |
| Other tangible fixed assets | 26 | €28,750 | €28,750 | = | 0.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €131,177 | €73,537 | -€57,640 | -43.9% |
| Stocks and contracts in progress | 3 | €15,791 | €10,075 | -€5,716 | -36.2% |
| Stocks | 30/36 | €13,091 | €10,075 | -€3,016 | -23.0% |
| Contracts in progress | 37 | €2,700 | - | -€2,700 | |
| Amounts receivable within one year | 40/41 | €39,302 | €50,952 | +€11,650 | +29.6% |
| Trade receivables | 40 | €20,864 | €18,649 | -€2,215 | -10.6% |
| Other amounts receivable | 41 | €18,439 | €32,304 | +€13,865 | +75.2% |
| Cash at bank and in hand | 54/58 | €74,590 | €11,185 | -€63,405 | -85.0% |
| Deferred charges and accrued income | 490/1 | €1,493 | €1,325 | -€168 | -11.3% |
| Total equity and liabilities | 10/49 | €1,907,095 | €1,680,712 | -€226,383 | -11.9% |
| Equity | 10/15 | €201,054 | €208,916 | +€7,862 | +3.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €530,849 | €465,772 | -€65,077 | -12.3% |
| Tax-exempt reserves | 132 | €530,849 | €465,772 | -€65,077 | -12.3% |
| Profit (loss) carried forward | 14 | -€348,387 | -€275,448 | +€72,939 | +20.9% |
| Provisions and deferred taxes | 16 | €222,984 | €195,648 | -€27,336 | -12.3% |
| Deferred taxes | 168 | €222,984 | €195,648 | -€27,336 | -12.3% |
| Amounts payable | 17/49 | €1,483,056 | €1,276,148 | -€206,909 | -14.0% |
| Amounts payable after more than one year | 17 | - | €17,000 | +€17,000 | |
| Other amounts payable | 178/9 | - | €17,000 | +€17,000 | |
| Amounts payable within one year | 42/48 | €1,470,206 | €1,244,834 | -€225,372 | -15.3% |
| Financial debts | 43 | €1,412,590 | €1,209,039 | -€203,551 | -14.4% |
| Credit institutions | 430/8 | €1,412,590 | €1,209,039 | -€203,551 | -14.4% |
| Trade debts | 44 | €51,756 | €29,922 | -€21,834 | -42.2% |
| Suppliers | 440/4 | €51,756 | €29,922 | -€21,834 | -42.2% |
| Taxes, remuneration and social security | 45 | €432 | €1,057 | +€625 | +145% |
| Taxes | 450/3 | €432 | €1,057 | +€625 | +145% |
| Other amounts payable | 47/48 | €5,428 | €4,815 | -€613 | -11.3% |
| Accrued charges and deferred income | 492/3 | €12,850 | €14,314 | +€1,464 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,889 | €49,122 | -€8,768 | -15.1% |
| Other operating charges | 640/8 | €2,944 | €3,377 | +€433 | +14.7% |
| Gross operating margin | 9900 | €194,867 | €109,021 | -€85,846 | -44.1% |
| Operating profit (loss) | 9901 | €134,034 | €56,522 | -€77,512 | -57.8% |
| Financial income | 75/76B | €178 | €286 | +€108 | +60.5% |
| Recurring financial income | 75 | €178 | €286 | +€108 | +60.5% |
| Financial charges | 65/66B | €122,899 | €75,868 | -€47,031 | -38.3% |
| Recurring financial charges | 65 | €122,899 | €75,868 | -€47,031 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | €11,313 | -€19,060 | -€30,373 | |
| Transfer from deferred taxes | 780 | €54,197 | €27,336 | -€26,862 | -49.6% |
| Income taxes | 67/77 | €415 | €414 | -€1 | -0.3% |
| Profit (loss) for the period | 9904 | €65,095 | €7,862 | -€57,233 | -87.9% |
| Transfer from tax-exempt reserves | 789 | €129,026 | €65,077 | -€63,948 | -49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €194,121 | €72,939 | -€121,182 | -62.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.