Huzart: 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.
Huzart
Largest movements
- Cash +€23,206
up €23,206 (+446%), from €5,206 to €28,412
mainly Net result for the year (+€21,610) and Depreciation (+€2,025)
- Receivables within one year -€741
down €741 (-12.3%), from €6,023 to €5,282
of which Trade receivables: -€3,573
- Profit (loss) carried forward +€21,610
up €21,610 (+730%), from €2,961 to €24,571
- Other debts +€1,155
up €1,155 (+7.3%), from €15,828 to €16,983
- Taxes +€7,169
new in 2025: €7,169
- Gross operating margin +€6,121
up €6,121 (+24.1%), from €25,384 to €31,505
- Depreciation +€388
up €388 (+23.7%), from €1,638 to €2,025
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 | €51,864 | €73,631 | +€21,767 | +42.0% |
| Fixed assets | 21/28 | €1,904 | €1,206 | -€697 | -36.6% |
| Intangible fixed assets | 21 | €754 | €402 | -€352 | -46.7% |
| Tangible fixed assets | 22/27 | €1,030 | €684 | -€345 | -33.5% |
| Plant, machinery and equipment | 23 | €757 | €472 | -€285 | -37.7% |
| Furniture and vehicles | 24 | €273 | €213 | -€60 | -22.0% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €49,960 | €72,425 | +€22,465 | +45.0% |
| Stocks and contracts in progress | 3 | €38,731 | €38,731 | = | 0.0% |
| Stocks | 30/36 | €38,731 | €38,731 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,023 | €5,282 | -€741 | -12.3% |
| Trade receivables | 40 | €5,971 | €2,399 | -€3,573 | -59.8% |
| Other amounts receivable | 41 | €52 | €2,883 | +€2,831 | +5,471% |
| Cash at bank and in hand | 54/58 | €5,206 | €28,412 | +€23,206 | +446% |
| Total equity and liabilities | 10/49 | €51,864 | €73,631 | +€21,767 | +42.0% |
| Equity | 10/15 | €32,315 | €53,924 | +€21,610 | +66.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,753 | €10,753 | = | 0.0% |
| Distributable reserves | 133 | €10,753 | €10,753 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,961 | €24,571 | +€21,610 | +730% |
| Amounts payable | 17/49 | €19,549 | €19,707 | +€157 | +0.8% |
| Amounts payable within one year | 42/48 | €19,549 | €19,707 | +€157 | +0.8% |
| Financial debts | 43 | €572 | €137 | -€435 | -76.0% |
| Credit institutions | 430/8 | €572 | €137 | -€435 | -76.0% |
| Trade debts | 44 | €19 | €0 | -€19 | -99.4% |
| Suppliers | 440/4 | €19 | €0 | -€19 | -99.4% |
| Taxes, remuneration and social security | 45 | €3,131 | €2,586 | -€544 | -17.4% |
| Taxes | 450/3 | €3,131 | €2,586 | -€544 | -17.4% |
| Other amounts payable | 47/48 | €15,828 | €16,983 | +€1,155 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,638 | €2,025 | +€388 | +23.7% |
| Other operating charges | 640/8 | €525 | €531 | +€7 | +1.2% |
| Gross operating margin | 9900 | €25,384 | €31,505 | +€6,121 | +24.1% |
| Operating profit (loss) | 9901 | €23,222 | €28,948 | +€5,726 | +24.7% |
| Financial income | 75/76B | €34 | €0 | -€34 | -100.0% |
| Recurring financial income | 75 | €34 | €0 | -€34 | -100.0% |
| Financial charges | 65/66B | €110 | €170 | +€59 | +53.6% |
| Recurring financial charges | 65 | €110 | €170 | +€59 | +53.6% |
| Profit (loss) for the period before taxes | 9903 | €23,145 | €28,778 | +€5,634 | +24.3% |
| Income taxes | 67/77 | - | €7,169 | +€7,169 | |
| Profit (loss) for the period | 9904 | €23,145 | €21,610 | -€1,535 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,145 | €21,610 | -€1,535 | -6.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.