HUYGEBAERT & ZN: 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.
HUYGEBAERT & ZN
Largest movements
- Receivables within one year -€107,872
down €107,872 (-40.7%), from €265,261 to €157,389
of which Other amounts receivable: -€72,817
- Cash -€53,636
down €53,636 (-99.3%), from €54,024 to €387
mainly Debts after one year (-€462,223) and Tax, wage and social debts (-€312,157)
- Tangible fixed assets -€46,705
down €46,705 (-3.4%), from €1.4m to €1.3m
of which Land and buildings: -€24,419
- Stocks and contracts -€45,732
down €45,732 (-6.3%), from €720,413 to €674,681
- Deferred charges and accrued income -€32,660
down €32,660 (-100%), from €32,660 to €0
- Debts after one year -€462,223
down €462,223 (-71.8%), from €644,009 to €181,785
- Current portion of long-term debt +€350,819
up €350,819 (+259%), from €135,372 to €486,191
- Other debts +€325,883
up €325,883 (+70.6%), from €461,555 to €787,438
- Tax, wage and social debts -€312,157
down €312,157 (-90.3%), from €345,813 to €33,656
of which Taxes: -€256,598
- Profit (loss) carried forward -€115,856
down €115,856 (-46.4%), from -€249,692 to -€365,548
- Financial charges -€45,804
down €45,804 (-39.0%), from €117,324 to €71,520
of which Financial charges: -€45,804
- Depreciation -€20,580
down €20,580 (-30.6%), from €67,285 to €46,705
- Gross operating margin -€17,174
down €17,174 (-17.1%), from €100,642 to €83,468
- Staff costs -€4,320
down €4,320 (-26.2%), from €16,494 to €12,174
- Financial income +€1,484
up €1,484 (+6,698%), from €22 to €1,506
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,435,845 | €2,149,519 | -€286,327 | -11.8% |
| Fixed assets | 21/28 | €1,363,488 | €1,317,061 | -€46,427 | -3.4% |
| Tangible fixed assets | 22/27 | €1,363,302 | €1,316,596 | -€46,705 | -3.4% |
| Land and buildings | 22 | €1,296,054 | €1,271,634 | -€24,419 | -1.9% |
| Plant, machinery and equipment | 23 | €27,955 | €18,923 | -€9,032 | -32.3% |
| Furniture and vehicles | 24 | €5,864 | €4,329 | -€1,535 | -26.2% |
| Leasing and similar rights | 25 | €32,975 | €21,710 | -€11,265 | -34.2% |
| Other tangible fixed assets | 26 | €454 | €0 | -€454 | -100% |
| Financial fixed assets | 28 | €186 | €464 | +€278 | +150% |
| Current assets | 29/58 | €1,072,358 | €832,458 | -€239,899 | -22.4% |
| Stocks and contracts in progress | 3 | €720,413 | €674,681 | -€45,732 | -6.3% |
| Stocks | 30/36 | €720,413 | €674,681 | -€45,732 | -6.3% |
| Amounts receivable within one year | 40/41 | €265,261 | €157,389 | -€107,872 | -40.7% |
| Trade receivables | 40 | €185,284 | €150,229 | -€35,055 | -18.9% |
| Other amounts receivable | 41 | €79,977 | €7,160 | -€72,817 | -91.0% |
| Cash at bank and in hand | 54/58 | €54,024 | €387 | -€53,636 | -99.3% |
| Deferred charges and accrued income | 490/1 | €32,660 | €0 | -€32,660 | -100% |
| Total equity and liabilities | 10/49 | €2,435,845 | €2,149,519 | -€286,327 | -11.8% |
| Equity | 10/15 | €365,845 | €249,989 | -€115,856 | -31.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Revaluation surpluses | 12 | €525,000 | €525,000 | = | 0.0% |
| Reserves | 13 | €71,945 | €71,945 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100% |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Distributable reserves | 133 | €70,085 | €71,945 | +€1,859 | +2.7% |
| Profit (loss) carried forward | 14 | -€249,692 | -€365,548 | -€115,856 | -46.4% |
| Amounts payable | 17/49 | €2,070,001 | €1,899,530 | -€170,471 | -8.2% |
| Amounts payable after more than one year | 17 | €644,009 | €181,785 | -€462,223 | -71.8% |
| Financial debts | 170/4 | €644,009 | €181,785 | -€462,223 | -71.8% |
| Amounts payable within one year | 42/48 | €1,373,201 | €1,684,587 | +€311,386 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €135,372 | €486,191 | +€350,819 | +259% |
| Financial debts | 43 | €315,395 | €309,371 | -€6,024 | -1.9% |
| Credit institutions | 430/8 | €315,395 | €309,371 | -€6,024 | -1.9% |
| Trade debts | 44 | €115,066 | €1,525 | -€113,542 | -98.7% |
| Suppliers | 440/4 | €115,066 | €1,525 | -€113,542 | -98.7% |
| Advances received on contracts in progress | 46 | - | €66,406 | +€66,406 | |
| Taxes, remuneration and social security | 45 | €345,813 | €33,656 | -€312,157 | -90.3% |
| Taxes | 450/3 | €281,006 | €24,409 | -€256,598 | -91.3% |
| Remuneration and social security | 454/9 | €64,806 | €9,247 | -€55,559 | -85.7% |
| Other amounts payable | 47/48 | €461,555 | €787,438 | +€325,883 | +70.6% |
| Accrued charges and deferred income | 492/3 | €52,791 | €33,158 | -€19,633 | -37.2% |
| Non-recurring operating income | 76A | €19,000 | - | -€19,000 | |
| Remuneration, social security and pensions | 62 | €16,494 | €12,174 | -€4,320 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,285 | €46,705 | -€20,580 | -30.6% |
| Other operating charges | 640/8 | €10,841 | €10,739 | -€103 | -0.9% |
| Non-recurring operating charges | 66A | €751 | €59,692 | +€58,941 | +7,844% |
| Gross operating margin | 9900 | €100,642 | €83,468 | -€17,174 | -17.1% |
| Operating profit (loss) | 9901 | €5,270 | -€45,841 | -€51,111 | |
| Financial income | 75/76B | €22 | €1,506 | +€1,484 | +6,698% |
| Recurring financial income | 75 | €22 | €1,506 | +€1,484 | +6,698% |
| Financial charges | 65/66B | €117,324 | €71,520 | -€45,804 | -39.0% |
| Recurring financial charges | 65 | €117,324 | €71,520 | -€45,804 | -39.0% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | -€112,032 | -€115,856 | -€3,824 | -3.4% |
| Profit (loss) for the period | 9904 | -€112,032 | -€115,856 | -€3,824 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€112,032 | -€115,856 | -€3,824 | -3.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.