Huyse: 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.
Huyse
Largest movements
- Tangible fixed assets +€361,879
up €361,879 (+28.2%), from €1.3m to €1.6m
of which Land and buildings: +€377,992
- Receivables within one year -€112,922
down €112,922 (-83.3%), from €135,534 to €22,612
of which Other amounts receivable: -€134,670
- Receivables after one year +€42,000
new in 2025: €42,000
- Reserves +€419,388
up €419,388 (+66.5%), from €630,290 to €1.0m
- Short-term financial debts -€89,000
down €89,000 (-100%), from €89,000 to €0
- Debts after one year -€33,934
down €33,934 (-4.1%), from €834,966 to €801,031
- Trade debts -€29,749
down €29,749 (-74.3%), from €40,013 to €10,264
- Financial income +€138,151
up €138,151 (+48.3%), from €286,205 to €424,356
- Gross operating margin +€74,740
up €74,740 (+60.6%), from €123,420 to €198,160
- Depreciation +€74,175
up €74,175 (+209%), from €35,534 to €109,709
- Taxes +€18,381
up €18,381 (+53.1%), from €34,590 to €52,971
- Financial charges +€14,526
up €14,526 (+65.8%), from €22,087 to €36,613
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 | €1,749,750 | €2,038,039 | +€288,289 | +16.5% |
| Fixed assets | 21/28 | €1,605,543 | €1,967,421 | +€361,879 | +22.5% |
| Tangible fixed assets | 22/27 | €1,284,063 | €1,645,941 | +€361,879 | +28.2% |
| Land and buildings | 22 | €1,256,778 | €1,634,771 | +€377,992 | +30.1% |
| Plant, machinery and equipment | 23 | €2,394 | €5,873 | +€3,479 | +145% |
| Furniture and vehicles | 24 | €8,358 | €5,298 | -€3,060 | -36.6% |
| Leasing and similar rights | 25 | €16,532 | €0 | -€16,532 | -100% |
| Financial fixed assets | 28 | €321,480 | €321,480 | = | 0.0% |
| Current assets | 29/58 | €144,207 | €70,617 | -€73,590 | -51.0% |
| Amounts receivable after more than one year | 29 | - | €42,000 | +€42,000 | |
| Other amounts receivable | 291 | - | €42,000 | +€42,000 | |
| Amounts receivable within one year | 40/41 | €135,534 | €22,612 | -€112,922 | -83.3% |
| Trade receivables | 40 | - | €21,748 | +€21,748 | |
| Other amounts receivable | 41 | €135,534 | €864 | -€134,670 | -99.4% |
| Cash at bank and in hand | 54/58 | €7,241 | €4,895 | -€2,347 | -32.4% |
| Deferred charges and accrued income | 490/1 | €1,432 | €1,111 | -€322 | -22.5% |
| Total equity and liabilities | 10/49 | €1,749,750 | €2,038,039 | +€288,289 | +16.5% |
| Equity | 10/15 | €648,890 | €1,068,278 | +€419,388 | +64.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €630,290 | €1,049,678 | +€419,388 | +66.5% |
| Distributable reserves | 133 | €630,290 | €1,049,678 | +€419,388 | +66.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,100,860 | €969,761 | -€131,099 | -11.9% |
| Amounts payable after more than one year | 17 | €834,966 | €801,031 | -€33,934 | -4.1% |
| Financial debts | 170/4 | €834,966 | €801,031 | -€33,934 | -4.1% |
| Amounts payable within one year | 42/48 | €265,894 | €168,395 | -€97,499 | -36.7% |
| Current portion of amounts payable after more than one year | 42 | €123,365 | €127,545 | +€4,180 | +3.4% |
| Financial debts | 43 | €89,000 | €0 | -€89,000 | -100% |
| Credit institutions | 430/8 | €89,000 | €0 | -€89,000 | -100% |
| Trade debts | 44 | €40,013 | €10,264 | -€29,749 | -74.3% |
| Suppliers | 440/4 | €40,013 | €10,264 | -€29,749 | -74.3% |
| Taxes, remuneration and social security | 45 | €11,026 | €29,526 | +€18,500 | +168% |
| Taxes | 450/3 | €10,402 | €28,892 | +€18,491 | +178% |
| Remuneration and social security | 454/9 | €624 | €634 | +€10 | +1.6% |
| Other amounts payable | 47/48 | €2,490 | €1,060 | -€1,430 | -57.4% |
| Accrued charges and deferred income | 492/3 | - | €334 | +€334 | |
| Non-recurring operating income | 76A | €1,777 | €0 | -€1,777 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,534 | €109,709 | +€74,175 | +209% |
| Other operating charges | 640/8 | €4,474 | €3,835 | -€640 | -14.3% |
| Gross operating margin | 9900 | €123,420 | €198,160 | +€74,740 | +60.6% |
| Operating profit (loss) | 9901 | €83,411 | €84,616 | +€1,205 | +1.4% |
| Financial income | 75/76B | €286,205 | €424,356 | +€138,151 | +48.3% |
| Recurring financial income | 75 | €286,205 | €424,356 | +€138,151 | +48.3% |
| Financial charges | 65/66B | €22,087 | €36,613 | +€14,526 | +65.8% |
| Recurring financial charges | 65 | €22,087 | €36,613 | +€14,526 | +65.8% |
| Profit (loss) for the period before taxes | 9903 | €347,529 | €472,360 | +€124,831 | +35.9% |
| Income taxes | 67/77 | €34,590 | €52,971 | +€18,381 | +53.1% |
| Profit (loss) for the period | 9904 | €312,939 | €419,388 | +€106,450 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €312,939 | €419,388 | +€106,450 | +34.0% |
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 13 October 2026 via checked.be.