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 -€161,203
down €161,203 (-15.7%), from €1.0m to €864,217
- Cash -€26,125
down €26,125 (-21.5%), from €121,426 to €95,300
mainly Other debts (-€100,671) and Trade debts (-€62,870)
- Other debts -€100,671
down €100,671 (-26.1%), from €386,115 to €285,443
- Trade debts -€62,870
down €62,870 (-63.9%), from €98,394 to €35,524
- Debts after one year -€58,214
down €58,214 (-7.4%), from €781,965 to €723,751
of which Financial debts: -€308,214
- Profit (loss) carried forward +€39,517
up €39,517, from -€39,517 to €0
- Current portion of long-term debt -€14,659
down €14,659 (-20.1%), from €72,873 to €58,214
- Gross operating margin +€25,105
up €25,105 (+12.4%), from €202,482 to €227,587
- Financial charges -€2,661
down €2,661 (-15.8%), from €16,895 to €14,234
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 | €1,330,596 | €1,139,430 | -€191,165 | -14.4% |
| Fixed assets | 21/28 | €1,025,419 | €864,217 | -€161,203 | -15.7% |
| Tangible fixed assets | 22/27 | €1,025,419 | €864,217 | -€161,203 | -15.7% |
| Land and buildings | 22 | €446,878 | €424,910 | -€21,969 | -4.9% |
| Plant, machinery and equipment | 23 | €225,706 | €159,093 | -€66,613 | -29.5% |
| Furniture and vehicles | 24 | €352,835 | €280,214 | -€72,621 | -20.6% |
| Current assets | 29/58 | €305,176 | €275,214 | -€29,963 | -9.8% |
| Amounts receivable within one year | 40/41 | €178,768 | €176,387 | -€2,381 | -1.3% |
| Trade receivables | 40 | €176,442 | €169,483 | -€6,959 | -3.9% |
| Other amounts receivable | 41 | €2,326 | €6,904 | +€4,578 | +197% |
| Cash at bank and in hand | 54/58 | €121,426 | €95,300 | -€26,125 | -21.5% |
| Deferred charges and accrued income | 490/1 | €4,983 | €3,527 | -€1,456 | -29.2% |
| Total equity and liabilities | 10/49 | €1,330,596 | €1,139,430 | -€191,165 | -14.4% |
| Equity | 10/15 | -€10,239 | €36,498 | +€46,738 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,678 | €17,898 | +€7,220 | +67.6% |
| Distributable reserves | 133 | €10,678 | €17,898 | +€7,220 | +67.6% |
| Profit (loss) carried forward | 14 | -€39,517 | €0 | +€39,517 | |
| Amounts payable | 17/49 | €1,340,835 | €1,102,932 | -€237,903 | -17.7% |
| Amounts payable after more than one year | 17 | €781,965 | €723,751 | -€58,214 | -7.4% |
| Financial debts | 170/4 | €781,965 | €473,751 | -€308,214 | -39.4% |
| Other amounts payable | 178/9 | - | €250,000 | +€250,000 | |
| Amounts payable within one year | 42/48 | €558,832 | €379,181 | -€179,650 | -32.1% |
| Current portion of amounts payable after more than one year | 42 | €72,873 | €58,214 | -€14,659 | -20.1% |
| Trade debts | 44 | €98,394 | €35,524 | -€62,870 | -63.9% |
| Suppliers | 440/4 | €98,394 | €35,524 | -€62,870 | -63.9% |
| Taxes, remuneration and social security | 45 | €1,450 | €0 | -€1,450 | -100% |
| Taxes | 450/3 | €1,450 | €0 | -€1,450 | -100% |
| Other amounts payable | 47/48 | €386,115 | €285,443 | -€100,671 | -26.1% |
| Accrued charges and deferred income | 492/3 | €38 | €0 | -€38 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164,807 | €162,865 | -€1,942 | -1.2% |
| Other operating charges | 640/8 | €2,607 | €2,620 | +€14 | +0.5% |
| Gross operating margin | 9900 | €202,482 | €227,587 | +€25,105 | +12.4% |
| Operating profit (loss) | 9901 | €35,069 | €62,102 | +€27,033 | +77.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €16,895 | €14,234 | -€2,661 | -15.8% |
| Recurring financial charges | 65 | €16,895 | €14,234 | -€2,661 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €18,174 | €47,868 | +€29,695 | +163% |
| Income taxes | 67/77 | €1,200 | €1,131 | -€69 | -5.8% |
| Profit (loss) for the period | 9904 | €16,974 | €46,738 | +€29,764 | +175% |
| Profit (loss) for the period to be appropriated | 9905 | €16,974 | €46,738 | +€29,764 | +175% |
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 17 October 2026 via checked.be.