HUYGHE: 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.
HUYGHE
Largest movements
- Cash +€203,640
up €203,640 (+712%), from €28,599 to €232,238
mainly Current investments (+€200,000) and Net result for the year (+€12,159)
- Current investments -€200,000
down €200,000 (-100%), from €200,000 to €0
- Profit (loss) carried forward +€12,159
up €12,159 (+169%), from €7,180 to €19,339
- Other debts -€5,220
down €5,220 (-3.5%), from €150,911 to €145,691
- Gross operating margin +€9,260
up €9,260 (+118%), from €7,832 to €17,092
- Financial income -€2,261
down €2,261 (-23.6%), from €9,563 to €7,302
- Taxes +€1,853
up €1,853 (+68.5%), from €2,704 to €4,557
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 | €424,174 | €430,584 | +€6,411 | +1.5% |
| Fixed assets | 21/28 | €70,346 | €69,368 | -€977 | -1.4% |
| Tangible fixed assets | 22/27 | €70,346 | €69,368 | -€977 | -1.4% |
| Land and buildings | 22 | €69,838 | €69,368 | -€469 | -0.7% |
| Plant, machinery and equipment | 23 | €154 | €0 | -€154 | -100% |
| Furniture and vehicles | 24 | €354 | €0 | -€354 | -100% |
| Current assets | 29/58 | €353,828 | €361,216 | +€7,388 | +2.1% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €70,190 | €70,190 | = | 0.0% |
| Other amounts receivable | 41 | €70,190 | €70,190 | = | 0.0% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100% |
| Cash at bank and in hand | 54/58 | €28,599 | €232,238 | +€203,640 | +712% |
| Deferred charges and accrued income | 490/1 | €5,040 | €8,788 | +€3,748 | +74.4% |
| Total equity and liabilities | 10/49 | €424,174 | €430,584 | +€6,411 | +1.5% |
| Equity | 10/15 | €235,314 | €247,472 | +€12,159 | +5.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €209,583 | €209,583 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €90,665 | €90,665 | = | 0.0% |
| Distributable reserves | 133 | €117,063 | €117,063 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,180 | €19,339 | +€12,159 | +169% |
| Provisions and deferred taxes | 16 | €30,222 | €30,222 | = | 0.0% |
| Deferred taxes | 168 | €30,222 | €30,222 | = | 0.0% |
| Amounts payable | 17/49 | €158,638 | €152,891 | -€5,748 | -3.6% |
| Amounts payable within one year | 42/48 | €156,718 | €150,571 | -€6,148 | -3.9% |
| Trade debts | 44 | €1,300 | €362 | -€938 | -72.1% |
| Suppliers | 440/4 | €1,300 | €362 | -€938 | -72.1% |
| Taxes, remuneration and social security | 45 | €4,507 | €4,517 | +€10 | +0.2% |
| Taxes | 450/3 | €4,507 | €4,517 | +€10 | +0.2% |
| Other amounts payable | 47/48 | €150,911 | €145,691 | -€5,220 | -3.5% |
| Accrued charges and deferred income | 492/3 | €1,920 | €2,320 | +€400 | +20.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €977 | €977 | -€0 | 0.0% |
| Other operating charges | 640/8 | €6,390 | €6,514 | +€124 | +1.9% |
| Gross operating margin | 9900 | €7,832 | €17,092 | +€9,260 | +118% |
| Operating profit (loss) | 9901 | €465 | €9,602 | +€9,136 | +1,963% |
| Financial income | 75/76B | €9,563 | €7,302 | -€2,261 | -23.6% |
| Recurring financial income | 75 | €9,563 | €7,302 | -€2,261 | -23.6% |
| Financial charges | 65/66B | €144 | €189 | +€45 | +30.9% |
| Recurring financial charges | 65 | €144 | €189 | +€45 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | €9,884 | €16,715 | +€6,831 | +69.1% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €2,704 | €4,557 | +€1,853 | +68.5% |
| Profit (loss) for the period | 9904 | €7,180 | €12,159 | +€4,978 | +69.3% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €7,180 | €12,159 | +€4,978 | +69.3% |
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 23 October 2026 via checked.be.