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
- Receivables within one year -€99,837
down €99,837 (-28.9%), from €345,441 to €245,603
of which Trade receivables: -€117,863
- Cash +€62,846
up €62,846 (+240%), from €26,157 to €89,003
mainly Depreciation (+€107,399) and Receivables within one year (+€99,837)
- Trade debts -€52,985
down €52,985 (-17.9%), from €296,645 to €243,660
- Other debts -€16,157
down €16,157 (-67.2%), from €24,043 to €7,886
- Debts after one year +€14,840
up €14,840 (+12.0%), from €123,182 to €138,022
- Accrued charges and deferred income +€13,627
up €13,627 (+84.5%), from €16,128 to €29,755
- Staff costs +€63,498
up €63,498 (+22.5%), from €281,685 to €345,183
- Taxes -€13,370
down €13,370 (-79.8%), from €16,746 to €3,375
- Gross operating margin -€13,243
down €13,243 (-2.7%), from €481,814 to €468,571
- Depreciation +€4,872
up €4,872 (+4.8%), from €102,528 to €107,399
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 | €949,932 | €911,500 | -€38,433 | -4.0% |
| Fixed assets | 21/28 | €566,093 | €563,681 | -€2,412 | -0.4% |
| Tangible fixed assets | 22/27 | €566,093 | €563,681 | -€2,412 | -0.4% |
| Land and buildings | 22 | €36,625 | €29,966 | -€6,659 | -18.2% |
| Plant, machinery and equipment | 23 | €296,849 | €346,483 | +€49,634 | +16.7% |
| Furniture and vehicles | 24 | €225,999 | €181,509 | -€44,491 | -19.7% |
| Other tangible fixed assets | 26 | €6,619 | €5,723 | -€896 | -13.5% |
| Current assets | 29/58 | €383,840 | €347,819 | -€36,021 | -9.4% |
| Stocks and contracts in progress | 3 | €2,479 | €2,479 | = | 0.0% |
| Stocks | 30/36 | €2,479 | €2,479 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €345,441 | €245,603 | -€99,837 | -28.9% |
| Trade receivables | 40 | €318,634 | €200,770 | -€117,863 | -37.0% |
| Other amounts receivable | 41 | €26,807 | €44,833 | +€18,026 | +67.2% |
| Cash at bank and in hand | 54/58 | €26,157 | €89,003 | +€62,846 | +240% |
| Deferred charges and accrued income | 490/1 | €9,763 | €10,734 | +€970 | +9.9% |
| Total equity and liabilities | 10/49 | €949,932 | €911,500 | -€38,433 | -4.0% |
| Equity | 10/15 | €394,444 | €395,842 | +€1,398 | +0.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €212,010 | €212,010 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,900 | €22,900 | = | 0.0% |
| Distributable reserves | 133 | €182,960 | €182,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,934 | €122,332 | +€1,398 | +1.2% |
| Amounts payable | 17/49 | €555,488 | €515,657 | -€39,831 | -7.2% |
| Amounts payable after more than one year | 17 | €123,182 | €138,022 | +€14,840 | +12.0% |
| Financial debts | 170/4 | €123,182 | €138,022 | +€14,840 | +12.0% |
| Amounts payable within one year | 42/48 | €416,178 | €347,880 | -€68,298 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €63,981 | €58,216 | -€5,765 | -9.0% |
| Financial debts | 43 | €943 | €833 | -€109 | -11.6% |
| Credit institutions | 430/8 | €943 | €833 | -€109 | -11.6% |
| Trade debts | 44 | €296,645 | €243,660 | -€52,985 | -17.9% |
| Suppliers | 440/4 | €296,645 | €243,660 | -€52,985 | -17.9% |
| Taxes, remuneration and social security | 45 | €30,567 | €37,285 | +€6,718 | +22.0% |
| Taxes | 450/3 | €15,409 | €12,093 | -€3,317 | -21.5% |
| Remuneration and social security | 454/9 | €15,157 | €25,192 | +€10,035 | +66.2% |
| Other amounts payable | 47/48 | €24,043 | €7,886 | -€16,157 | -67.2% |
| Accrued charges and deferred income | 492/3 | €16,128 | €29,755 | +€13,627 | +84.5% |
| Non-recurring operating income | 76A | €1,500 | €4,973 | +€3,473 | +232% |
| Remuneration, social security and pensions | 62 | €281,685 | €345,183 | +€63,498 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,528 | €107,399 | +€4,872 | +4.8% |
| Other operating charges | 640/8 | €2,965 | €4,161 | +€1,196 | +40.3% |
| Gross operating margin | 9900 | €481,814 | €468,571 | -€13,243 | -2.7% |
| Operating profit (loss) | 9901 | €94,636 | €11,828 | -€82,808 | -87.5% |
| Financial income | 75/76B | €1,190 | €990 | -€200 | -16.8% |
| Recurring financial income | 75 | €1,190 | €990 | -€200 | -16.8% |
| Financial charges | 65/66B | €11,316 | €8,044 | -€3,272 | -28.9% |
| Recurring financial charges | 65 | €11,316 | €8,044 | -€3,272 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €84,510 | €4,774 | -€79,737 | -94.4% |
| Income taxes | 67/77 | €16,746 | €3,375 | -€13,370 | -79.8% |
| Profit (loss) for the period | 9904 | €67,764 | €1,398 | -€66,366 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,764 | €1,398 | -€66,366 | -97.9% |
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 15 October 2026 via checked.be.