HUYNEN FRERES: what changed
What changed
HUYNEN FRERES
NACE 02.100, Forestry and logging
filed annual accounts (NBB)
Net result for the year
-€20,315
2024 · €39,500-€59,814
Equity
€198,466
2024 · €238,618-€40,152
Cash
€6,814
2024 · €19,529-€12,715
Balance sheet total
€690,605
2024 · €763,812-€73,207
Largest movements
Assets
- Tangible fixed assets -€62,610
down €62,610 (-20.7%), from €302,796 to €240,186
- Stocks and contracts +€14,777
up €14,777 (+4.9%), from €300,859 to €315,637
- Cash -€12,715
down €12,715 (-65.1%), from €19,529 to €6,814
mainly Debts after one year (-€53,204) and Investment in fixed assets (net) (-€26,906)
- Receivables within one year -€12,320
down €12,320 (-9.3%), from €132,362 to €120,041
of which Trade receivables: -€47,424
Equity and liabilities
- Debts after one year -€53,204
down €53,204 (-25.2%), from €210,917 to €157,713
- Other debts +€31,504
up €31,504 (+265%), from €11,873 to €43,377
- Profit (loss) carried forward -€20,315
down €20,315, from €0 to -€20,315
- Reserves -€18,759
down €18,759 (-8.8%), from €213,033 to €194,274
of which Distributable reserves: -€18,759
- Trade debts -€14,470
down €14,470 (-29.0%), from €49,836 to €35,366
Income statement
- Gross operating margin -€47,851
down €47,851 (-13.0%), from €367,420 to €319,569
- Staff costs +€31,739
up €31,739 (+15.8%), from €200,286 to €232,025
- Taxes -€15,897
down €15,897 (-98.1%), from €16,198 to €302
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.
Result 2024
€39,500
Gross operating margin
-€47,851
Staff costs
-€31,739
Depreciation
+€2,571
Other operating charges
+€3,299
Financial income
-€229
Financial charges
-€1,762
Taxes
+€15,897
Result 2025
-€20,315
raises the resultlowers the result
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.
From operations
+€87,876
Investment
-€26,906
Financing
-€73,685
Cash 2024
€19,529
From operations (derived)
+€87,876
Net result for the year
-€20,315
Depreciation
+€89,516
Stocks and contracts
-€14,777
Receivables within one year
+€12,320
Deferred charges and accrued income
+€339
Trade debts
-€14,470
Tax, wage and social debts
+€3,763
Other debts
+€31,504
Accrued charges and deferred income
-€4
Investment (derived)
-€26,906
Investment in fixed assets (net)
-€26,906
Financing
-€73,685
Debts after one year
-€53,204
Current portion of long-term debt
-€4,258
Short-term financial debts
+€3,614
Contributions, distributions and other
-€19,837
Cash 2025
€6,814
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €763,812 | €690,605 | -€73,207 | -9.6% |
| Fixed assets | 21/28 | €302,931 | €240,321 | -€62,610 | -20.7% |
| Tangible fixed assets | 22/27 | €302,796 | €240,186 | -€62,610 | -20.7% |
| Land and buildings | 22 | €102,451 | €87,329 | -€15,121 | -14.8% |
| Plant, machinery and equipment | 23 | €48,283 | €22,372 | -€25,911 | -53.7% |
| Furniture and vehicles | 24 | €152,062 | €130,485 | -€21,577 | -14.2% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €460,881 | €450,284 | -€10,598 | -2.3% |
| Stocks and contracts in progress | 3 | €300,859 | €315,637 | +€14,777 | +4.9% |
| Stocks | 30/36 | €300,859 | €315,637 | +€14,777 | +4.9% |
| Amounts receivable within one year | 40/41 | €132,362 | €120,041 | -€12,320 | -9.3% |
| Trade receivables | 40 | €105,203 | €57,779 | -€47,424 | -45.1% |
| Other amounts receivable | 41 | €27,159 | €62,262 | +€35,103 | +129% |
| Cash at bank and in hand | 54/58 | €19,529 | €6,814 | -€12,715 | -65.1% |
| Deferred charges and accrued income | 490/1 | €8,131 | €7,792 | -€339 | -4.2% |
| Total equity and liabilities | 10/49 | €763,812 | €690,605 | -€73,207 | -9.6% |
| Equity | 10/15 | €238,618 | €198,466 | -€40,152 | -16.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €213,033 | €194,274 | -€18,759 | -8.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €213,033 | €194,274 | -€18,759 | -8.8% |
| Profit (loss) carried forward | 14 | €0 | -€20,315 | -€20,315 | |
| Investment grants | 15 | €5,585 | €4,507 | -€1,078 | -19.3% |
| Amounts payable | 17/49 | €525,194 | €492,139 | -€33,055 | -6.3% |
| Amounts payable after more than one year | 17 | €210,917 | €157,713 | -€53,204 | -25.2% |
| Financial debts | 170/4 | €210,917 | €157,713 | -€53,204 | -25.2% |
| Amounts payable within one year | 42/48 | €314,253 | €334,405 | +€20,153 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €81,465 | €77,207 | -€4,258 | -5.2% |
| Financial debts | 43 | €115,980 | €119,594 | +€3,614 | +3.1% |
| Credit institutions | 430/8 | €115,980 | €119,594 | +€3,614 | +3.1% |
| Trade debts | 44 | €49,836 | €35,366 | -€14,470 | -29.0% |
| Suppliers | 440/4 | €49,836 | €35,366 | -€14,470 | -29.0% |
| Taxes, remuneration and social security | 45 | €55,098 | €58,861 | +€3,763 | +6.8% |
| Taxes | 450/3 | €18,351 | €4,112 | -€14,239 | -77.6% |
| Remuneration and social security | 454/9 | €36,747 | €54,749 | +€18,002 | +49.0% |
| Other amounts payable | 47/48 | €11,873 | €43,377 | +€31,504 | +265% |
| Accrued charges and deferred income | 492/3 | €25 | €21 | -€4 | -16.1% |
| Remuneration, social security and pensions | 62 | €200,286 | €232,025 | +€31,739 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,087 | €89,516 | -€2,571 | -2.8% |
| Other operating charges | 640/8 | €9,971 | €6,672 | -€3,299 | -33.1% |
| Gross operating margin | 9900 | €367,420 | €319,569 | -€47,851 | -13.0% |
| Operating profit (loss) | 9901 | €65,075 | -€8,644 | -€73,720 | |
| Financial income | 75/76B | €1,331 | €1,102 | -€229 | -17.2% |
| Recurring financial income | 75 | €1,331 | €1,102 | -€229 | -17.2% |
| Financial charges | 65/66B | €10,708 | €12,471 | +€1,762 | +16.5% |
| Recurring financial charges | 65 | €10,708 | €12,471 | +€1,762 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €55,698 | -€20,013 | -€75,711 | |
| Income taxes | 67/77 | €16,198 | €302 | -€15,897 | -98.1% |
| Profit (loss) for the period | 9904 | €39,500 | -€20,315 | -€59,814 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,500 | -€20,315 | -€59,814 |
Next steps
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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 1 November 2026 via checked.be.