Huybrechts Erwin: 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 Erwin
Largest movements
- Cash +€5,353
up €5,353 (+5.7%), from €94,185 to €99,538
mainly Net result for the year (+€3,116) and Receivables within one year (+€2,920)
- Receivables within one year -€2,920
down €2,920 (-17.4%), from €16,792 to €13,872
of which Trade receivables: -€2,483
- Stocks and contracts +€1,534
up €1,534 (+47.8%), from €3,210 to €4,745
of which Contracts in progress: +€1,980
- Reserves +€3,116
up €3,116 (+3.3%), from €94,261 to €97,377
- Gross operating margin +€3,504
up €3,504 (+164%), from €2,135 to €5,639
- Taxes +€1,244
up €1,244 (+228%), from €545 to €1,790
- Financial income +€97
up €97 (+148%), from €65 to €162
- Staff costs -€93
no longer reported in 2025 (was €93)
- Other operating charges -€66
down €66 (-13.3%), from €493 to €428
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 | €116,889 | €120,942 | +€4,053 | +3.5% |
| Current assets | 29/58 | €116,889 | €120,942 | +€4,053 | +3.5% |
| Stocks and contracts in progress | 3 | €3,210 | €4,745 | +€1,534 | +47.8% |
| Stocks | 30/36 | €1,740 | €1,295 | -€446 | -25.6% |
| Contracts in progress | 37 | €1,470 | €3,450 | +€1,980 | +135% |
| Amounts receivable within one year | 40/41 | €16,792 | €13,872 | -€2,920 | -17.4% |
| Trade receivables | 40 | €12,349 | €9,865 | -€2,483 | -20.1% |
| Other amounts receivable | 41 | €4,443 | €4,006 | -€437 | -9.8% |
| Cash at bank and in hand | 54/58 | €94,185 | €99,538 | +€5,353 | +5.7% |
| Deferred charges and accrued income | 490/1 | €2,702 | €2,788 | +€86 | +3.2% |
| Total equity and liabilities | 10/49 | €116,889 | €120,942 | +€4,053 | +3.5% |
| Equity | 10/15 | €112,961 | €116,077 | +€3,116 | +2.8% |
| Contributions | 10/11 | €18,700 | €18,700 | = | 0.0% |
| Reserves | 13 | €94,261 | €97,377 | +€3,116 | +3.3% |
| Distributable reserves | 133 | €94,261 | €97,377 | +€3,116 | +3.3% |
| Amounts payable | 17/49 | €3,928 | €4,865 | +€937 | +23.9% |
| Amounts payable within one year | 42/48 | €3,928 | €4,865 | +€937 | +23.9% |
| Current portion of amounts payable after more than one year | 42 | €423 | €420 | -€2 | -0.5% |
| Trade debts | 44 | €3,505 | €3,925 | +€420 | +12.0% |
| Suppliers | 440/4 | €3,505 | €3,925 | +€420 | +12.0% |
| Taxes, remuneration and social security | 45 | - | €520 | +€520 | |
| Taxes | 450/3 | - | €520 | +€520 | |
| Remuneration, social security and pensions | 62 | €93 | - | -€93 | |
| Other operating charges | 640/8 | €493 | €428 | -€66 | -13.3% |
| Gross operating margin | 9900 | €2,135 | €5,639 | +€3,504 | +164% |
| Operating profit (loss) | 9901 | €1,549 | €5,211 | +€3,662 | +236% |
| Financial income | 75/76B | €65 | €162 | +€97 | +148% |
| Recurring financial income | 75 | €65 | €162 | +€97 | +148% |
| Financial charges | 65/66B | €418 | €468 | +€50 | +11.9% |
| Recurring financial charges | 65 | €418 | €468 | +€50 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €1,196 | €4,906 | +€3,709 | +310% |
| Income taxes | 67/77 | €545 | €1,790 | +€1,244 | +228% |
| Profit (loss) for the period | 9904 | €651 | €3,116 | +€2,465 | +379% |
| Profit (loss) for the period to be appropriated | 9905 | €651 | €3,116 | +€2,465 | +379% |
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.