MANAGEMENT HUIN: 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.
MANAGEMENT HUIN
Largest movements
- Cash +€232,915
up €232,915 (+55.6%), from €418,809 to €651,724
mainly Other debts (+€250,372) and Net result for the year (+€241,933)
- Receivables within one year -€12,771
down €12,771 (-32.2%), from €39,696 to €26,925
of which Trade receivables: -€18,840
- Tangible fixed assets -€11,885
down €11,885 (-29.9%), from €39,692 to €27,807
- Other debts +€250,372
up €250,372 (+5,499%), from €4,553 to €254,925
- Reserves -€47,146
down €47,146 (-10.4%), from €455,428 to €408,282
- Gross operating margin +€146,215
up €146,215 (+79.6%), from €183,786 to €330,001
- Taxes +€23,925
up €23,925 (+46.8%), from €51,155 to €75,080
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 | €498,196 | €706,456 | +€208,259 | +41.8% |
| Fixed assets | 21/28 | €39,692 | €27,807 | -€11,885 | -29.9% |
| Tangible fixed assets | 22/27 | €39,692 | €27,807 | -€11,885 | -29.9% |
| Furniture and vehicles | 24 | €39,692 | €27,807 | -€11,885 | -29.9% |
| Current assets | 29/58 | €458,505 | €678,649 | +€220,144 | +48.0% |
| Amounts receivable within one year | 40/41 | €39,696 | €26,925 | -€12,771 | -32.2% |
| Trade receivables | 40 | €18,840 | - | -€18,840 | |
| Other amounts receivable | 41 | €20,856 | €26,925 | +€6,069 | +29.1% |
| Cash at bank and in hand | 54/58 | €418,809 | €651,724 | +€232,915 | +55.6% |
| Total equity and liabilities | 10/49 | €498,196 | €706,456 | +€208,259 | +41.8% |
| Equity | 10/15 | €458,428 | €411,282 | -€47,146 | -10.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €455,428 | €408,282 | -€47,146 | -10.4% |
| Distributable reserves | 133 | €455,428 | €408,282 | -€47,146 | -10.4% |
| Amounts payable | 17/49 | €39,768 | €295,174 | +€255,406 | +642% |
| Amounts payable within one year | 42/48 | €39,768 | €295,174 | +€255,406 | +642% |
| Trade debts | 44 | €630 | - | -€630 | |
| Suppliers | 440/4 | €630 | - | -€630 | |
| Taxes, remuneration and social security | 45 | €34,586 | €40,250 | +€5,664 | +16.4% |
| Taxes | 450/3 | €31,586 | €40,250 | +€8,664 | +27.4% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €4,553 | €254,925 | +€250,372 | +5,499% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,885 | €11,885 | = | 0.0% |
| Other operating charges | 640/8 | €771 | €862 | +€91 | +11.7% |
| Gross operating margin | 9900 | €183,786 | €330,001 | +€146,215 | +79.6% |
| Operating profit (loss) | 9901 | €171,130 | €317,254 | +€146,124 | +85.4% |
| Financial charges | 65/66B | €263 | €241 | -€22 | -8.3% |
| Recurring financial charges | 65 | €263 | €241 | -€22 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €170,866 | €317,013 | +€146,146 | +85.5% |
| Income taxes | 67/77 | €51,155 | €75,080 | +€23,925 | +46.8% |
| Profit (loss) for the period | 9904 | €119,711 | €241,933 | +€122,222 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €119,711 | €241,933 | +€122,222 | +102% |
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 27 October 2026 via checked.be.