Huyghe - Ortmann: what changed
Huyghe - Ortmann
Largest movements
- Intangible fixed assets -€98,001
down €98,001 (-33.3%), from €294,004 to €196,002
- Tangible fixed assets +€13,660
up €13,660 (+5,255%), from €260 to €13,920
of which Furniture and vehicles: +€9,585
- Cash -€11,738
down €11,738 (-64.5%), from €18,191 to €6,453
mainly Debts after one year (-€100,737) and Other debts (-€15,357)
- Receivables within one year +€5,295
up €5,295 (+21.5%), from €24,587 to €29,881
of which Trade receivables: +€6,091
- Debts after one year -€100,737
down €100,737 (-100%), from €100,737 to €0
- Profit (loss) carried forward +€28,143
up €28,143 (+86.3%), from €32,600 to €60,742
- Other debts -€15,357
down €15,357 (-21.9%), from €70,000 to €54,643
- Accrued charges and deferred income -€3,640
down €3,640 (-36.9%), from €9,870 to €6,230
- Gross operating margin +€20,778
up €20,778 (+17.1%), from €121,850 to €142,628
- Taxes +€6,192
up €6,192 (+182%), from €3,405 to €9,597
- Financial charges -€4,068
down €4,068 (-44.9%), from €9,058 to €4,991
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €337,041 | €248,599 | -€88,442 | -26.2% |
| Fixed assets | 21/28 | €294,263 | €209,922 | -€84,341 | -28.7% |
| Intangible fixed assets | 21 | €294,004 | €196,002 | -€98,001 | -33.3% |
| Tangible fixed assets | 22/27 | €260 | €13,920 | +€13,660 | +5,255% |
| Plant, machinery and equipment | 23 | €260 | €4,335 | +€4,076 | +1,568% |
| Furniture and vehicles | 24 | - | €9,585 | +€9,585 | |
| Current assets | 29/58 | €42,777 | €38,677 | -€4,101 | -9.6% |
| Amounts receivable within one year | 40/41 | €24,587 | €29,881 | +€5,295 | +21.5% |
| Trade receivables | 40 | €21,195 | €27,286 | +€6,091 | +28.7% |
| Other amounts receivable | 41 | €3,392 | €2,595 | -€797 | -23.5% |
| Cash at bank and in hand | 54/58 | €18,191 | €6,453 | -€11,738 | -64.5% |
| Deferred charges and accrued income | 490/1 | - | €2,342 | +€2,342 | |
| Total equity and liabilities | 10/49 | €337,041 | €248,599 | -€88,442 | -26.2% |
| Equity | 10/15 | €42,600 | €70,742 | +€28,143 | +66.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,600 | €60,742 | +€28,143 | +86.3% |
| Amounts payable | 17/49 | €294,441 | €177,857 | -€116,585 | -39.6% |
| Amounts payable after more than one year | 17 | €100,737 | €0 | -€100,737 | -100% |
| Financial debts | 170/4 | €100,737 | €0 | -€100,737 | -100% |
| Amounts payable within one year | 42/48 | €183,834 | €171,627 | -€12,208 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €99,761 | €100,737 | +€976 | +1.0% |
| Trade debts | 44 | €14,073 | €14,615 | +€542 | +3.9% |
| Suppliers | 440/4 | €14,073 | €14,615 | +€542 | +3.9% |
| Advances received on contracts in progress | 46 | - | €1,034 | +€1,034 | |
| Taxes, remuneration and social security | 45 | - | €597 | +€597 | |
| Taxes | 450/3 | - | €597 | +€597 | |
| Other amounts payable | 47/48 | €70,000 | €54,643 | -€15,357 | -21.9% |
| Accrued charges and deferred income | 492/3 | €9,870 | €6,230 | -€3,640 | -36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,636 | €99,370 | -€266 | -0.3% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €121,850 | €142,628 | +€20,778 | +17.1% |
| Operating profit (loss) | 9901 | €21,701 | €42,730 | +€21,030 | +96.9% |
| Financial charges | 65/66B | €9,058 | €4,991 | -€4,068 | -44.9% |
| Recurring financial charges | 65 | €9,058 | €4,991 | -€4,068 | -44.9% |
| Profit (loss) for the period before taxes | 9903 | €12,642 | €37,740 | +€25,097 | +199% |
| Income taxes | 67/77 | €3,405 | €9,597 | +€6,192 | +182% |
| Profit (loss) for the period | 9904 | €9,238 | €28,143 | +€18,905 | +205% |
| Profit (loss) for the period to be appropriated | 9905 | €9,238 | €28,143 | +€18,905 | +205% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.