JOHAN HUSQUET: what changed
What changed
JOHAN HUSQUET
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€3,725
2024 · -€11,868+€15,593
Equity
€41,874
2024 · €38,149+€3,725
Cash
€40,267
2024 · €49,168-€8,901
Balance sheet total
€217,324
2024 · €146,775+€70,549
Largest movements
Assets
- Receivables within one year +€43,288
up €43,288 (+56.1%), from €77,198 to €120,486
of which Trade receivables: +€44,002
- Tangible fixed assets +€33,786
up €33,786 (+186%), from €18,138 to €51,925
- Cash -€8,901
down €8,901 (-18.1%), from €49,168 to €40,267
mainly Receivables within one year (-€43,288) and Investment in fixed assets (net) (-€36,771)
- Deferred charges and accrued income +€2,376
new in 2025: €2,376
Equity and liabilities
- Trade debts +€44,427
up €44,427 (+67.5%), from €65,837 to €110,264
- Debts after one year +€19,074
up €19,074, from €0 to €19,074
- Other debts -€4,841
down €4,841 (-28.8%), from €16,829 to €11,988
- Current portion of long-term debt +€3,857
up €3,857 (+243%), from €1,585 to €5,442
- Profit (loss) carried forward +€3,725
up €3,725 (+17.4%), from €21,429 to €25,153
Income statement
- Gross operating margin +€27,622
up €27,622 (+61.7%), from €44,791 to €72,413
- Taxes +€9,219
up €9,219, from -€1,750 to €7,469
- Financial charges -€7,942
down €7,942 (-91.7%), from €8,663 to €721
- Staff costs +€5,767
up €5,767 (+12.0%), from €47,880 to €53,647
- Depreciation +€2,985
up €2,985, from €0 to €2,985
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
-€11,868
Gross operating margin
+€27,622
Staff costs
-€5,767
Depreciation
-€2,985
Other operating charges
-€2,258
Financial income
+€258
Financial charges
+€7,942
Taxes
-€9,219
Result 2025
€3,725
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
+€4,939
Investment
-€36,771
Financing
+€22,931
Cash 2024
€49,168
From operations (derived)
+€4,939
Net result for the year
+€3,725
Depreciation
+€2,985
Receivables within one year
-€43,288
Deferred charges and accrued income
-€2,376
Trade debts
+€44,427
Tax, wage and social debts
+€1,519
Other debts
-€4,841
Accrued charges and deferred income
+€2,788
Investment (derived)
-€36,771
Investment in fixed assets (net)
-€36,771
Financing
+€22,931
Debts after one year
+€19,074
Current portion of long-term debt
+€3,857
Cash 2025
€40,267
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €146,775 | €217,324 | +€70,549 | +48.1% |
| Fixed assets | 21/28 | €18,138 | €51,925 | +€33,786 | +186% |
| Tangible fixed assets | 22/27 | €18,138 | €51,925 | +€33,786 | +186% |
| Furniture and vehicles | 24 | €18,138 | €51,925 | +€33,786 | +186% |
| Current assets | 29/58 | €128,637 | €165,400 | +€36,763 | +28.6% |
| Stocks and contracts in progress | 3 | €2,271 | €2,271 | = | 0.0% |
| Stocks | 30/36 | €2,271 | €2,271 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €77,198 | €120,486 | +€43,288 | +56.1% |
| Trade receivables | 40 | €73,574 | €117,576 | +€44,002 | +59.8% |
| Other amounts receivable | 41 | €3,624 | €2,910 | -€714 | -19.7% |
| Cash at bank and in hand | 54/58 | €49,168 | €40,267 | -€8,901 | -18.1% |
| Deferred charges and accrued income | 490/1 | - | €2,376 | +€2,376 | |
| Total equity and liabilities | 10/49 | €146,775 | €217,324 | +€70,549 | +48.1% |
| Equity | 10/15 | €38,149 | €41,874 | +€3,725 | +9.8% |
| Contributions | 10/11 | €15,200 | €15,200 | = | 0.0% |
| Reserves | 13 | €1,520 | €1,520 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,520 | €1,520 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,520 | €1,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,429 | €25,153 | +€3,725 | +17.4% |
| Provisions and deferred taxes | 16 | €21,600 | €21,600 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €21,600 | €21,600 | = | 0.0% |
| Pensions and similar obligations | 160 | €21,600 | €21,600 | = | 0.0% |
| Amounts payable | 17/49 | €87,026 | €153,850 | +€66,825 | +76.8% |
| Amounts payable after more than one year | 17 | €0 | €19,074 | +€19,074 | |
| Financial debts | 170/4 | €0 | €19,074 | +€19,074 | |
| Amounts payable within one year | 42/48 | €84,356 | €129,319 | +€44,963 | +53.3% |
| Current portion of amounts payable after more than one year | 42 | €1,585 | €5,442 | +€3,857 | +243% |
| Trade debts | 44 | €65,837 | €110,264 | +€44,427 | +67.5% |
| Suppliers | 440/4 | €65,837 | €110,264 | +€44,427 | +67.5% |
| Taxes, remuneration and social security | 45 | €106 | €1,625 | +€1,519 | +1,440% |
| Remuneration and social security | 454/9 | €106 | €1,625 | +€1,519 | +1,440% |
| Other amounts payable | 47/48 | €16,829 | €11,988 | -€4,841 | -28.8% |
| Accrued charges and deferred income | 492/3 | €2,669 | €5,458 | +€2,788 | +104% |
| Non-recurring operating income | 76A | €0 | €5,013 | +€5,013 | |
| Remuneration, social security and pensions | 62 | €47,880 | €53,647 | +€5,767 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €2,985 | +€2,985 | |
| Other operating charges | 640/8 | €1,871 | €4,129 | +€2,258 | +121% |
| Gross operating margin | 9900 | €44,791 | €72,413 | +€27,622 | +61.7% |
| Operating profit (loss) | 9901 | -€4,960 | €11,652 | +€16,612 | |
| Financial income | 75/76B | €5 | €263 | +€258 | +5,496% |
| Recurring financial income | 75 | €5 | €263 | +€258 | +5,496% |
| Financial charges | 65/66B | €8,663 | €721 | -€7,942 | -91.7% |
| Recurring financial charges | 65 | €8,663 | €721 | -€7,942 | -91.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,618 | €11,193 | +€24,812 | |
| Income taxes | 67/77 | -€1,750 | €7,469 | +€9,219 | |
| Profit (loss) for the period | 9904 | -€11,868 | €3,725 | +€15,593 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,868 | €3,725 | +€15,593 |
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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 1 November 2026 via checked.be.