HUYNEN GAEL: what changed
What changed
HUYNEN GAEL
NACE 43.120, Site preparation
filed annual accounts (NBB)
Net result for the year
€70,227
2024 · €14,879+€55,348
Equity
€348,113
2024 · €292,852+€55,261
Cash
€185,016
2024 · €150,968+€34,048
Balance sheet total
€534,065
2024 · €585,105-€51,041
Largest movements
Assets
- Tangible fixed assets -€59,132
down €59,132 (-18.4%), from €321,650 to €262,518
of which Furniture and vehicles: -€47,483
- Cash +€34,048
up €34,048 (+22.6%), from €150,968 to €185,016
mainly Depreciation (+€79,386) and Net result for the year (+€70,227)
- Receivables within one year -€24,325
down €24,325 (-38.2%), from €63,754 to €39,429
of which Trade receivables: -€21,048
Equity and liabilities
- Debts after one year -€116,503
down €116,503 (-52.7%), from €221,166 to €104,663
- Reserves +€57,901
up €57,901 (+35.6%), from €162,417 to €220,318
Income statement
- Gross operating margin +€114,936
up €114,936 (+94.3%), from €121,918 to €236,853
- Staff costs +€27,789
up €27,789 (+88.0%), from €31,565 to €59,355
- Taxes +€20,057
up €20,057 (+1,348%), from €1,488 to €21,545
- Depreciation +€10,293
up €10,293 (+14.9%), from €69,092 to €79,386
- Financial income -€3,906
down €3,906 (-58.5%), from €6,675 to €2,769
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
€14,879
Gross operating margin
+€114,936
Staff costs
-€27,789
Depreciation
-€10,293
Write-downs
-€583
Other operating charges
-€63
Financial income
-€3,906
Financial charges
+€3,104
Taxes
-€20,057
Result 2025
€70,227
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
+€184,878
Investment
-€20,254
Financing
-€130,576
Cash 2024
€150,968
From operations (derived)
+€184,878
Net result for the year
+€70,227
Depreciation
+€79,386
Stocks and contracts
-€2,812
Receivables within one year
+€24,325
Deferred charges and accrued income
+€4,443
Trade debts
+€4,854
Tax, wage and social debts
+€5,084
Other debts
-€790
Accrued charges and deferred income
+€161
Investment (derived)
-€20,254
Investment in fixed assets (net)
-€20,254
Financing
-€130,576
Debts after one year
-€116,503
Current portion of long-term debt
+€893
Contributions, distributions and other
-€14,966
Cash 2025
€185,016
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €585,105 | €534,065 | -€51,041 | -8.7% |
| Fixed assets | 21/28 | €321,650 | €262,518 | -€59,132 | -18.4% |
| Tangible fixed assets | 22/27 | €321,650 | €262,518 | -€59,132 | -18.4% |
| Plant, machinery and equipment | 23 | €42,648 | €31,100 | -€11,547 | -27.1% |
| Furniture and vehicles | 24 | €245,471 | €197,988 | -€47,483 | -19.3% |
| Other tangible fixed assets | 26 | €33,531 | €33,430 | -€101 | -0.3% |
| Current assets | 29/58 | €263,455 | €271,547 | +€8,091 | +3.1% |
| Stocks and contracts in progress | 3 | €32,187 | €34,999 | +€2,812 | +8.7% |
| Stocks | 30/36 | €32,187 | €34,999 | +€2,812 | +8.7% |
| Amounts receivable within one year | 40/41 | €63,754 | €39,429 | -€24,325 | -38.2% |
| Trade receivables | 40 | €44,433 | €23,385 | -€21,048 | -47.4% |
| Other amounts receivable | 41 | €19,321 | €16,044 | -€3,277 | -17.0% |
| Cash at bank and in hand | 54/58 | €150,968 | €185,016 | +€34,048 | +22.6% |
| Deferred charges and accrued income | 490/1 | €16,545 | €12,102 | -€4,443 | -26.9% |
| Total equity and liabilities | 10/49 | €585,105 | €534,065 | -€51,041 | -8.7% |
| Equity | 10/15 | €292,852 | €348,113 | +€55,261 | +18.9% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €162,417 | €220,318 | +€57,901 | +35.6% |
| Distributable reserves | 133 | €162,417 | €220,318 | +€57,901 | +35.6% |
| Investment grants | 15 | €10,434 | €7,795 | -€2,639 | -25.3% |
| Amounts payable | 17/49 | €292,254 | €185,952 | -€106,302 | -36.4% |
| Amounts payable after more than one year | 17 | €221,166 | €104,663 | -€116,503 | -52.7% |
| Financial debts | 170/4 | €221,166 | €104,663 | -€116,503 | -52.7% |
| Amounts payable within one year | 42/48 | €71,087 | €81,127 | +€10,040 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €35,610 | €36,503 | +€893 | +2.5% |
| Trade debts | 44 | €7,995 | €12,848 | +€4,854 | +60.7% |
| Suppliers | 440/4 | €7,995 | €12,848 | +€4,854 | +60.7% |
| Taxes, remuneration and social security | 45 | €7,519 | €12,603 | +€5,084 | +67.6% |
| Taxes | 450/3 | €3,852 | €9,991 | +€6,139 | +159% |
| Remuneration and social security | 454/9 | €3,667 | €2,612 | -€1,056 | -28.8% |
| Other amounts payable | 47/48 | €19,963 | €19,173 | -€790 | -4.0% |
| Accrued charges and deferred income | 492/3 | €0 | €161 | +€161 | |
| Remuneration, social security and pensions | 62 | €31,565 | €59,355 | +€27,789 | +88.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,092 | €79,386 | +€10,293 | +14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €583 | +€583 | |
| Other operating charges | 640/8 | €899 | €962 | +€63 | +7.0% |
| Gross operating margin | 9900 | €121,918 | €236,853 | +€114,936 | +94.3% |
| Operating profit (loss) | 9901 | €20,361 | €96,568 | +€76,207 | +374% |
| Financial income | 75/76B | €6,675 | €2,769 | -€3,906 | -58.5% |
| Recurring financial income | 75 | €6,675 | €2,769 | -€3,906 | -58.5% |
| Financial charges | 65/66B | €10,669 | €7,565 | -€3,104 | -29.1% |
| Recurring financial charges | 65 | €10,669 | €7,565 | -€3,104 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €16,367 | €91,772 | +€75,405 | +461% |
| Income taxes | 67/77 | €1,488 | €21,545 | +€20,057 | +1,348% |
| Profit (loss) for the period | 9904 | €14,879 | €70,227 | +€55,348 | +372% |
| Profit (loss) for the period to be appropriated | 9905 | €14,879 | €70,227 | +€55,348 | +372% |
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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 2 November 2026 via checked.be.