HUYGHE-DECOSTER: 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-DECOSTER
Largest movements
- Receivables after one year +€112,925
up €112,925 (+29.4%), from €384,400 to €497,325
- Tangible fixed assets +€25,228
up €25,228 (+3.5%), from €724,648 to €749,876
of which Land and buildings: +€59,533
- Receivables within one year +€21,809
up €21,809 (+32.3%), from €67,468 to €89,277
of which Trade receivables: +€16,654
- Deferred charges and accrued income -€15,436
down €15,436 (-91.8%), from €16,811 to €1,376
- Current portion of long-term debt +€116,277
up €116,277 (+84.9%), from €136,918 to €253,195
- Reserves +€100,209
up €100,209 (+26.1%), from €383,234 to €483,443
of which Distributable reserves: +€113,209
- Debts after one year -€91,195
down €91,195 (-17.7%), from €515,916 to €424,722
- Tax, wage and social debts +€33,745
up €33,745 (+487%), from €6,926 to €40,671
- Other debts -€26,137
down €26,137 (-73.3%), from €35,670 to €9,533
- Gross operating margin +€92,004
up €92,004 (+50.0%), from €184,130 to €276,134
- Taxes +€29,993
up €29,993 (+233%), from €12,862 to €42,856
- Depreciation -€5,313
down €5,313 (-5.0%), from €107,285 to €101,972
- Financial income -€3,943
down €3,943 (-31.7%), from €12,451 to €8,508
- Financial charges -€2,811
down €2,811 (-10.2%), from €27,630 to €24,820
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 | €1,216,195 | €1,350,751 | +€134,555 | +11.1% |
| Fixed assets | 21/28 | €724,648 | €749,876 | +€25,228 | +3.5% |
| Tangible fixed assets | 22/27 | €724,648 | €749,876 | +€25,228 | +3.5% |
| Land and buildings | 22 | €473,825 | €533,358 | +€59,533 | +12.6% |
| Plant, machinery and equipment | 23 | €154,711 | €139,691 | -€15,020 | -9.7% |
| Furniture and vehicles | 24 | €96,112 | €76,826 | -€19,286 | -20.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €491,547 | €600,875 | +€109,327 | +22.2% |
| Amounts receivable after more than one year | 29 | €384,400 | €497,325 | +€112,925 | +29.4% |
| Other amounts receivable | 291 | €384,400 | €497,325 | +€112,925 | +29.4% |
| Stocks and contracts in progress | 3 | €1,739 | €48 | -€1,691 | -97.2% |
| Stocks | 30/36 | €1,739 | €48 | -€1,691 | -97.2% |
| Amounts receivable within one year | 40/41 | €67,468 | €89,277 | +€21,809 | +32.3% |
| Trade receivables | 40 | €35,586 | €52,240 | +€16,654 | +46.8% |
| Other amounts receivable | 41 | €31,882 | €37,037 | +€5,155 | +16.2% |
| Cash at bank and in hand | 54/58 | €21,129 | €12,849 | -€8,280 | -39.2% |
| Deferred charges and accrued income | 490/1 | €16,811 | €1,376 | -€15,436 | -91.8% |
| Total equity and liabilities | 10/49 | €1,216,195 | €1,350,751 | +€134,555 | +11.1% |
| Equity | 10/15 | €513,146 | €613,355 | +€100,209 | +19.5% |
| Contributions | 10/11 | €128,592 | €128,592 | = | 0.0% |
| Reserves | 13 | €383,234 | €483,443 | +€100,209 | +26.1% |
| Non-distributable reserves | 130/1 | €13,000 | - | -€13,000 | |
| Reserves not available under the articles | 1311 | €13,000 | - | -€13,000 | |
| Distributable reserves | 133 | €370,234 | €483,443 | +€113,209 | +30.6% |
| Profit (loss) carried forward | 14 | €1,320 | €1,320 | = | 0.0% |
| Amounts payable | 17/49 | €703,049 | €737,395 | +€34,346 | +4.9% |
| Amounts payable after more than one year | 17 | €515,916 | €424,722 | -€91,195 | -17.7% |
| Financial debts | 170/4 | €515,916 | €424,722 | -€91,195 | -17.7% |
| Amounts payable within one year | 42/48 | €187,101 | €310,086 | +€122,984 | +65.7% |
| Current portion of amounts payable after more than one year | 42 | €136,918 | €253,195 | +€116,277 | +84.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €7,587 | €6,687 | -€900 | -11.9% |
| Suppliers | 440/4 | €7,587 | €6,687 | -€900 | -11.9% |
| Taxes, remuneration and social security | 45 | €6,926 | €40,671 | +€33,745 | +487% |
| Taxes | 450/3 | €6,926 | €40,671 | +€33,745 | +487% |
| Other amounts payable | 47/48 | €35,670 | €9,533 | -€26,137 | -73.3% |
| Accrued charges and deferred income | 492/3 | €31 | €2,588 | +€2,557 | +8,203% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,285 | €101,972 | -€5,313 | -5.0% |
| Other operating charges | 640/8 | €14,002 | €14,786 | +€784 | +5.6% |
| Non-recurring operating charges | 66A | €306 | €0 | -€306 | -100% |
| Gross operating margin | 9900 | €184,130 | €276,134 | +€92,004 | +50.0% |
| Operating profit (loss) | 9901 | €62,537 | €159,376 | +€96,839 | +155% |
| Financial income | 75/76B | €12,451 | €8,508 | -€3,943 | -31.7% |
| Recurring financial income | 75 | €12,451 | €8,508 | -€3,943 | -31.7% |
| Financial charges | 65/66B | €27,630 | €24,820 | -€2,811 | -10.2% |
| Recurring financial charges | 65 | €27,630 | €24,820 | -€2,811 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €47,358 | €143,064 | +€95,707 | +202% |
| Income taxes | 67/77 | €12,862 | €42,856 | +€29,993 | +233% |
| Profit (loss) for the period | 9904 | €34,495 | €100,209 | +€65,714 | +190% |
| Profit (loss) for the period to be appropriated | 9905 | €34,495 | €100,209 | +€65,714 | +190% |
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 28 October 2026 via checked.be.