HUYNEN PHILIPPE: what changed
HUYNEN PHILIPPE
Largest movements
- Receivables within one year +€89,850
up €89,850 (+205%), from €43,795 to €133,645
of which Trade receivables: +€82,066
- Tangible fixed assets +€50,828
up €50,828 (+98.5%), from €51,597 to €102,425
of which Furniture and vehicles: +€69,822
- Cash -€37,437
down €37,437 (-54.7%), from €68,476 to €31,040
mainly Contributions, distributions and other (-€100,803) and Investment in fixed assets (net) (-€93,139)
- Stocks and contracts -€27,825
down €27,825 (-64.3%), from €43,250 to €15,426
of which Stocks: -€14,825
- Intangible fixed assets -€12,000
down €12,000 (-75.2%), from €15,959 to €3,959
- Other debts +€82,175
up €82,175 (+273%), from €30,141 to €112,316
- Profit (loss) carried forward -€42,076
down €42,076 (-53.3%), from €78,877 to €36,801
- Debts after one year +€22,833
up €22,833 (+42.4%), from €53,874 to €76,707
of which Financial debts: +€12,833
- Trade debts +€11,827
up €11,827 (+109%), from €10,817 to €22,645
- Current portion of long-term debt -€5,124
down €5,124 (-34.2%), from €14,975 to €9,851
- Staff costs -€31,023
down €31,023 (-90.2%), from €34,383 to €3,360
- Gross operating margin +€24,732
up €24,732 (+23.0%), from €107,502 to €132,234
- Depreciation +€11,830
up €11,830 (+27.8%), from €42,481 to €54,311
- Taxes +€7,515
up €7,515 (+140%), from €5,363 to €12,878
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 | €224,778 | €291,234 | +€66,456 | +29.6% |
| Fixed assets | 21/28 | €67,556 | €106,384 | +€38,828 | +57.5% |
| Intangible fixed assets | 21 | €15,959 | €3,959 | -€12,000 | -75.2% |
| Tangible fixed assets | 22/27 | €51,597 | €102,425 | +€50,828 | +98.5% |
| Plant, machinery and equipment | 23 | €8,805 | €9,987 | +€1,182 | +13.4% |
| Furniture and vehicles | 24 | €12,568 | €82,390 | +€69,822 | +556% |
| Leasing and similar rights | 25 | €30,224 | €10,048 | -€20,176 | -66.8% |
| Current assets | 29/58 | €157,222 | €184,850 | +€27,628 | +17.6% |
| Stocks and contracts in progress | 3 | €43,250 | €15,426 | -€27,825 | -64.3% |
| Stocks | 30/36 | €30,250 | €15,426 | -€14,825 | -49.0% |
| Contracts in progress | 37 | €13,000 | €0 | -€13,000 | -100% |
| Amounts receivable within one year | 40/41 | €43,795 | €133,645 | +€89,850 | +205% |
| Trade receivables | 40 | €27,101 | €109,167 | +€82,066 | +303% |
| Other amounts receivable | 41 | €16,694 | €24,478 | +€7,784 | +46.6% |
| Cash at bank and in hand | 54/58 | €68,476 | €31,040 | -€37,437 | -54.7% |
| Deferred charges and accrued income | 490/1 | €1,701 | €4,740 | +€3,039 | +179% |
| Total equity and liabilities | 10/49 | €224,778 | €291,234 | +€66,456 | +29.6% |
| Equity | 10/15 | €103,635 | €60,756 | -€42,879 | -41.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,877 | €36,801 | -€42,076 | -53.3% |
| Investment grants | 15 | €2,757 | €1,955 | -€803 | -29.1% |
| Amounts payable | 17/49 | €121,144 | €230,478 | +€109,334 | +90.3% |
| Amounts payable after more than one year | 17 | €53,874 | €76,707 | +€22,833 | +42.4% |
| Financial debts | 170/4 | €3,874 | €16,707 | +€12,833 | +331% |
| Other amounts payable | 178/9 | €50,000 | €60,000 | +€10,000 | +20.0% |
| Amounts payable within one year | 42/48 | €59,634 | €149,063 | +€89,428 | +150% |
| Current portion of amounts payable after more than one year | 42 | €14,975 | €9,851 | -€5,124 | -34.2% |
| Trade debts | 44 | €10,817 | €22,645 | +€11,827 | +109% |
| Suppliers | 440/4 | €10,817 | €22,645 | +€11,827 | +109% |
| Taxes, remuneration and social security | 45 | €3,700 | €4,251 | +€551 | +14.9% |
| Taxes | 450/3 | €1,708 | €4,251 | +€2,543 | +149% |
| Remuneration and social security | 454/9 | €1,993 | €0 | -€1,993 | -100% |
| Other amounts payable | 47/48 | €30,141 | €112,316 | +€82,175 | +273% |
| Accrued charges and deferred income | 492/3 | €7,635 | €4,709 | -€2,927 | -38.3% |
| Remuneration, social security and pensions | 62 | €34,383 | €3,360 | -€31,023 | -90.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,481 | €54,311 | +€11,830 | +27.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €494 | +€494 | |
| Other operating charges | 640/8 | €822 | €1,497 | +€675 | +82.1% |
| Gross operating margin | 9900 | €107,502 | €132,234 | +€24,732 | +23.0% |
| Operating profit (loss) | 9901 | €29,816 | €72,572 | +€42,757 | +143% |
| Financial income | 75/76B | €3,255 | €4,058 | +€802 | +24.6% |
| Recurring financial income | 75 | €3,255 | €4,058 | +€802 | +24.6% |
| Financial charges | 65/66B | €5,824 | €5,828 | +€4 | +0.1% |
| Recurring financial charges | 65 | €5,824 | €5,728 | -€96 | -1.6% |
| Non-recurring financial charges | 66B | - | €100 | +€100 | |
| Profit (loss) for the period before taxes | 9903 | €27,247 | €70,802 | +€43,555 | +160% |
| Income taxes | 67/77 | €5,363 | €12,878 | +€7,515 | +140% |
| Profit (loss) for the period | 9904 | €21,884 | €57,924 | +€36,040 | +165% |
| Profit (loss) for the period to be appropriated | 9905 | €21,884 | €57,924 | +€36,040 | +165% |
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 4 November 2026 via checked.be.