HUYBRECHTS JEF: 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 JEF
Largest movements
- Cash -€137,525
down €137,525 (-38.6%), from €355,941 to €218,415
mainly Investment in fixed assets (net) (-€77,863) and Debts after one year (-€73,479)
- Receivables within one year +€57,458
up €57,458, from €0 to €57,458
of which Other amounts receivable: +€57,458
- Tangible fixed assets -€35,460
down €35,460 (-4.7%), from €748,164 to €712,704
- Stocks and contracts +€23,640
up €23,640 (+8.9%), from €266,645 to €290,285
- Debts after one year -€73,479
down €73,479 (-18.8%), from €389,899 to €316,420
- Trade debts -€20,259
down €20,259 (-37.5%), from €53,983 to €33,724
- Gross operating margin -€223,998
down €223,998 (-60.2%), from €372,233 to €148,235
- Taxes -€51,498
down €51,498 (-98.9%), from €52,076 to €578
- Depreciation -€5,155
down €5,155 (-4.4%), from €118,478 to €113,323
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 | €1,420,978 | €1,330,766 | -€90,212 | -6.3% |
| Fixed assets | 21/28 | €790,880 | €755,420 | -€35,460 | -4.5% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €748,164 | €712,704 | -€35,460 | -4.7% |
| Land and buildings | 22 | €598,715 | €586,987 | -€11,728 | -2.0% |
| Plant, machinery and equipment | 23 | €107,319 | €94,816 | -€12,503 | -11.7% |
| Furniture and vehicles | 24 | €42,130 | €30,902 | -€11,229 | -26.7% |
| Financial fixed assets | 28 | €42,715 | €42,715 | = | 0.0% |
| Current assets | 29/58 | €630,098 | €575,346 | -€54,752 | -8.7% |
| Stocks and contracts in progress | 3 | €266,645 | €290,285 | +€23,640 | +8.9% |
| Stocks | 30/36 | €266,645 | €290,285 | +€23,640 | +8.9% |
| Amounts receivable within one year | 40/41 | €0 | €57,458 | +€57,458 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €57,458 | +€57,458 | |
| Cash at bank and in hand | 54/58 | €355,941 | €218,415 | -€137,525 | -38.6% |
| Deferred charges and accrued income | 490/1 | €7,512 | €9,187 | +€1,676 | +22.3% |
| Total equity and liabilities | 10/49 | €1,420,978 | €1,330,766 | -€90,212 | -6.3% |
| Equity | 10/15 | €654,923 | €658,534 | +€3,611 | +0.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €467,577 | €469,190 | +€1,613 | +0.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €467,577 | €469,190 | +€1,613 | +0.3% |
| Investment grants | 15 | €37,346 | €39,344 | +€1,998 | +5.3% |
| Provisions and deferred taxes | 16 | €2,171 | €2,071 | -€100 | -4.6% |
| Deferred taxes | 168 | €2,171 | €2,071 | -€100 | -4.6% |
| Amounts payable | 17/49 | €763,884 | €670,161 | -€93,723 | -12.3% |
| Amounts payable after more than one year | 17 | €389,899 | €316,420 | -€73,479 | -18.8% |
| Financial debts | 170/4 | €389,899 | €316,420 | -€73,479 | -18.8% |
| Amounts payable within one year | 42/48 | €357,494 | €338,380 | -€19,114 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €73,479 | €73,479 | = | 0.0% |
| Trade debts | 44 | €53,983 | €33,724 | -€20,259 | -37.5% |
| Suppliers | 440/4 | €53,983 | €33,724 | -€20,259 | -37.5% |
| Taxes, remuneration and social security | 45 | €17,310 | €5,350 | -€11,960 | -69.1% |
| Taxes | 450/3 | €15,910 | €5,350 | -€10,560 | -66.4% |
| Remuneration and social security | 454/9 | €1,400 | €0 | -€1,400 | -100% |
| Other amounts payable | 47/48 | €212,722 | €225,827 | +€13,105 | +6.2% |
| Accrued charges and deferred income | 492/3 | €16,491 | €15,361 | -€1,130 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,478 | €113,323 | -€5,155 | -4.4% |
| Other operating charges | 640/8 | €10,785 | €11,100 | +€316 | +2.9% |
| Gross operating margin | 9900 | €372,233 | €148,235 | -€223,998 | -60.2% |
| Operating profit (loss) | 9901 | €242,970 | €23,812 | -€219,158 | -90.2% |
| Financial income | 75/76B | €5,577 | €8,578 | +€3,001 | +53.8% |
| Recurring financial income | 75 | €5,577 | €8,578 | +€3,001 | +53.8% |
| Financial charges | 65/66B | €34,389 | €30,811 | -€3,578 | -10.4% |
| Recurring financial charges | 65 | €34,389 | €30,811 | -€3,578 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €214,159 | €1,579 | -€212,579 | -99.3% |
| Transfer from deferred taxes | 780 | €238 | €612 | +€374 | +157% |
| Income taxes | 67/77 | €52,076 | €578 | -€51,498 | -98.9% |
| Profit (loss) for the period | 9904 | €162,321 | €1,613 | -€160,707 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €162,321 | €1,613 | -€160,707 | -99.0% |
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 25 October 2026 via checked.be.