HUYVAERT GINO: what changed
HUYVAERT GINO
Largest movements
- Tangible fixed assets +€138,434
up €138,434 (+300%), from €46,070 to €184,504
of which Leasing and similar rights: +€130,789
- Receivables within one year +€75,799
up €75,799 (+391%), from €19,408 to €95,207
of which Other amounts receivable: +€54,840
- Cash -€25,177
down €25,177 (-71.3%), from €35,310 to €10,133
mainly Investment in fixed assets (net) (-€154,387) and Receivables within one year (-€75,799)
- Debts after one year +€117,479
up €117,479 (+718%), from €16,362 to €133,841
- Current portion of long-term debt +€38,230
up €38,230 (+1,017%), from €3,761 to €41,991
- Reserves +€24,266
up €24,266 (+58.5%), from €41,452 to €65,718
of which Distributable reserves: +€24,266
- Trade debts +€3,913
up €3,913 (+93.8%), from €4,171 to €8,085
- Short-term financial debts +€3,265
new in 2025: €3,265
- Gross operating margin +€16,619
up €16,619 (+51.8%), from €32,099 to €48,718
- Depreciation +€12,573
up €12,573 (+372%), from €3,380 to €15,953
- Financial income +€5,926
up €5,926 (+2,954%), from €201 to €6,126
of which Non-recurring financial income: +€6,055
- Taxes +€3,890
up €3,890 (+69.1%), from €5,626 to €9,516
- Financial charges -€3,834
down €3,834 (-58.2%), from €6,590 to €2,756
of which Non-recurring financial charges: -€5,706
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 | €102,243 | €291,058 | +€188,816 | +185% |
| Fixed assets | 21/28 | €46,498 | €184,932 | +€138,434 | +298% |
| Tangible fixed assets | 22/27 | €46,070 | €184,504 | +€138,434 | +300% |
| Plant, machinery and equipment | 23 | €1,171 | €1,893 | +€722 | +61.7% |
| Furniture and vehicles | 24 | €3,376 | €2,438 | -€938 | -27.8% |
| Leasing and similar rights | 25 | €19,971 | €150,760 | +€130,789 | +655% |
| Other tangible fixed assets | 26 | €21,553 | €29,413 | +€7,861 | +36.5% |
| Financial fixed assets | 28 | €428 | €428 | = | 0.0% |
| Current assets | 29/58 | €55,745 | €106,126 | +€50,381 | +90.4% |
| Amounts receivable within one year | 40/41 | €19,408 | €95,207 | +€75,799 | +391% |
| Trade receivables | 40 | €9,919 | €30,878 | +€20,959 | +211% |
| Other amounts receivable | 41 | €9,489 | €64,329 | +€54,840 | +578% |
| Cash at bank and in hand | 54/58 | €35,310 | €10,133 | -€25,177 | -71.3% |
| Deferred charges and accrued income | 490/1 | €1,026 | €786 | -€241 | -23.5% |
| Total equity and liabilities | 10/49 | €102,243 | €291,058 | +€188,816 | +185% |
| Equity | 10/15 | €72,669 | €96,935 | +€24,266 | +33.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,452 | €65,718 | +€24,266 | +58.5% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €39,452 | €63,718 | +€24,266 | +61.5% |
| Profit (loss) carried forward | 14 | €25,017 | €25,017 | = | 0.0% |
| Amounts payable | 17/49 | €29,574 | €194,123 | +€164,550 | +556% |
| Amounts payable after more than one year | 17 | €16,362 | €133,841 | +€117,479 | +718% |
| Financial debts | 170/4 | €16,362 | €133,841 | +€117,479 | +718% |
| Amounts payable within one year | 42/48 | €13,212 | €60,282 | +€47,070 | +356% |
| Current portion of amounts payable after more than one year | 42 | €3,761 | €41,991 | +€38,230 | +1,017% |
| Financial debts | 43 | - | €3,265 | +€3,265 | |
| Credit institutions | 430/8 | - | €3,265 | +€3,265 | |
| Trade debts | 44 | €4,171 | €8,085 | +€3,913 | +93.8% |
| Suppliers | 440/4 | €4,171 | €8,085 | +€3,913 | +93.8% |
| Taxes, remuneration and social security | 45 | €5,279 | €6,941 | +€1,662 | +31.5% |
| Taxes | 450/3 | €2,683 | €4,331 | +€1,648 | +61.4% |
| Remuneration and social security | 454/9 | €2,596 | €2,610 | +€14 | +0.5% |
| Non-recurring operating income | 76A | - | €28,000 | +€28,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,380 | €15,953 | +€12,573 | +372% |
| Other operating charges | 640/8 | €2,757 | €2,354 | -€403 | -14.6% |
| Gross operating margin | 9900 | €32,099 | €48,718 | +€16,619 | +51.8% |
| Operating profit (loss) | 9901 | €25,962 | €30,411 | +€4,449 | +17.1% |
| Financial income | 75/76B | €201 | €6,126 | +€5,926 | +2,954% |
| Recurring financial income | 75 | €201 | €72 | -€129 | -64.3% |
| Non-recurring financial income | 76B | €0 | €6,055 | +€6,055 | |
| Financial charges | 65/66B | €6,590 | €2,756 | -€3,834 | -58.2% |
| Recurring financial charges | 65 | €883 | €2,756 | +€1,872 | +212% |
| Non-recurring financial charges | 66B | €5,706 | €0 | -€5,706 | -100% |
| Profit (loss) for the period before taxes | 9903 | €19,573 | €33,782 | +€14,209 | +72.6% |
| Income taxes | 67/77 | €5,626 | €9,516 | +€3,890 | +69.1% |
| Profit (loss) for the period | 9904 | €13,947 | €24,266 | +€10,319 | +74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,947 | €24,266 | +€10,319 | +74.0% |
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 5 November 2026 via checked.be.