ANDRIES HUBERT: 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.
ANDRIES HUBERT
Largest movements
- Tangible fixed assets -€91,913
down €91,913 (-13.6%), from €675,536 to €583,623
of which Furniture and vehicles: -€62,116
- Cash -€40,427
down €40,427 (-6.8%), from €597,519 to €557,092
mainly Investment in fixed assets (net) (-€101,522) and Accrued charges and deferred income (-€80,000)
- Receivables within one year +€31,913
up €31,913 (+13.9%), from €229,783 to €261,696
of which Other amounts receivable: +€118,883
- Reserves +€167,903
up €167,903 (+14.4%), from €1.2m to €1.3m
- Accrued charges and deferred income -€80,000
down €80,000 (-100%), from €80,000 to €0
- Debts after one year -€79,247
down €79,247 (-29.0%), from €273,129 to €193,881
- Other debts -€66,156
down €66,156 (-100%), from €66,156 to €0
- Trade debts -€40,677
down €40,677 (-28.8%), from €141,234 to €100,556
- Gross operating margin -€371,370
down €371,370 (-29.2%), from €1.3m to €900,767
- Taxes -€110,806
down €110,806 (-57.1%), from €193,990 to €83,184
- Staff costs -€15,795
down €15,795 (-3.5%), from €457,322 to €441,528
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 | €1,902,935 | €1,807,998 | -€94,938 | -5.0% |
| Fixed assets | 21/28 | €676,136 | €584,223 | -€91,913 | -13.6% |
| Tangible fixed assets | 22/27 | €675,536 | €583,623 | -€91,913 | -13.6% |
| Land and buildings | 22 | €204,149 | €194,158 | -€9,990 | -4.9% |
| Plant, machinery and equipment | 23 | €104,452 | €84,645 | -€19,807 | -19.0% |
| Furniture and vehicles | 24 | €366,935 | €304,819 | -€62,116 | -16.9% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €1,226,799 | €1,223,775 | -€3,024 | -0.2% |
| Amounts receivable after more than one year | 29 | €343,000 | €343,000 | = | 0.0% |
| Other amounts receivable | 291 | €343,000 | €343,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €43,750 | €50,250 | +€6,500 | +14.9% |
| Stocks | 30/36 | €43,750 | €50,250 | +€6,500 | +14.9% |
| Amounts receivable within one year | 40/41 | €229,783 | €261,696 | +€31,913 | +13.9% |
| Trade receivables | 40 | €228,531 | €141,561 | -€86,970 | -38.1% |
| Other amounts receivable | 41 | €1,252 | €120,135 | +€118,883 | +9,495% |
| Cash at bank and in hand | 54/58 | €597,519 | €557,092 | -€40,427 | -6.8% |
| Deferred charges and accrued income | 490/1 | €12,746 | €11,736 | -€1,010 | -7.9% |
| Total equity and liabilities | 10/49 | €1,902,935 | €1,807,998 | -€94,938 | -5.0% |
| Equity | 10/15 | €1,172,412 | €1,340,315 | +€167,903 | +14.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,166,212 | €1,334,115 | +€167,903 | +14.4% |
| Distributable reserves | 133 | €1,166,212 | €1,334,115 | +€167,903 | +14.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €730,523 | €467,683 | -€262,840 | -36.0% |
| Amounts payable after more than one year | 17 | €273,129 | €193,881 | -€79,247 | -29.0% |
| Financial debts | 170/4 | €273,129 | €193,881 | -€79,247 | -29.0% |
| Amounts payable within one year | 42/48 | €377,394 | €273,801 | -€103,593 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €76,368 | €79,247 | +€2,879 | +3.8% |
| Trade debts | 44 | €141,234 | €100,556 | -€40,677 | -28.8% |
| Suppliers | 440/4 | €141,234 | €100,556 | -€40,677 | -28.8% |
| Taxes, remuneration and social security | 45 | €93,637 | €93,997 | +€361 | +0.4% |
| Taxes | 450/3 | €58,266 | €59,989 | +€1,723 | +3.0% |
| Remuneration and social security | 454/9 | €35,370 | €34,009 | -€1,362 | -3.9% |
| Other amounts payable | 47/48 | €66,156 | €0 | -€66,156 | -100% |
| Accrued charges and deferred income | 492/3 | €80,000 | €0 | -€80,000 | -100% |
| Non-recurring operating income | 76A | €4,132 | €61,787 | +€57,655 | +1,395% |
| Remuneration, social security and pensions | 62 | €457,322 | €441,528 | -€15,795 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,745 | €193,436 | +€10,691 | +5.9% |
| Other operating charges | 640/8 | €9,464 | €11,518 | +€2,054 | +21.7% |
| Non-recurring operating charges | 66A | - | €5 | +€5 | |
| Gross operating margin | 9900 | €1,272,137 | €900,767 | -€371,370 | -29.2% |
| Operating profit (loss) | 9901 | €622,607 | €254,282 | -€368,325 | -59.2% |
| Financial income | 75/76B | €14,503 | €11,033 | -€3,470 | -23.9% |
| Recurring financial income | 75 | €14,503 | €11,033 | -€3,470 | -23.9% |
| Financial charges | 65/66B | €11,323 | €14,228 | +€2,904 | +25.7% |
| Recurring financial charges | 65 | €11,323 | €14,228 | +€2,904 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €625,786 | €251,087 | -€374,699 | -59.9% |
| Income taxes | 67/77 | €193,990 | €83,184 | -€110,806 | -57.1% |
| Profit (loss) for the period | 9904 | €431,796 | €167,903 | -€263,893 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €431,796 | €167,903 | -€263,893 | -61.1% |
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 23 October 2026 via checked.be.