B-HUB: 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.
B-HUB
Largest movements
- Receivables within one year +€25,244
up €25,244 (+180%), from €14,007 to €39,251
of which Trade receivables: +€23,050
- Profit (loss) carried forward +€43,218
up €43,218 (+46.9%), from €92,150 to €135,367
- Tax, wage and social debts -€13,251
down €13,251 (-33.7%), from €39,273 to €26,022
of which Taxes: -€13,013
- Current portion of long-term debt -€11,204
down €11,204 (-82.4%), from €13,605 to €2,401
- Other debts +€9,756
up €9,756 (+6.8%), from €142,449 to €152,205
- Gross operating margin +€45,125
up €45,125 (+431%), from €10,459 to €55,585
- Taxes +€6,070
up €6,070 (+184%), from €3,299 to €9,369
- Depreciation -€1,248
down €1,248 (-40.4%), from €3,086 to €1,838
- Financial charges +€729
up €729 (+247%), from €295 to €1,024
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 | €498,882 | €523,883 | +€25,000 | +5.0% |
| Fixed assets | 21/28 | €481,838 | €480,000 | -€1,838 | -0.4% |
| Tangible fixed assets | 22/27 | €1,838 | - | -€1,838 | |
| Furniture and vehicles | 24 | €1,838 | - | -€1,838 | |
| Financial fixed assets | 28 | €480,000 | €480,000 | = | 0.0% |
| Current assets | 29/58 | €17,044 | €43,883 | +€26,839 | +157% |
| Amounts receivable within one year | 40/41 | €14,007 | €39,251 | +€25,244 | +180% |
| Trade receivables | 40 | €7,500 | €30,550 | +€23,050 | +307% |
| Other amounts receivable | 41 | €6,507 | €8,701 | +€2,194 | +33.7% |
| Cash at bank and in hand | 54/58 | €3,037 | €4,632 | +€1,595 | +52.5% |
| Total equity and liabilities | 10/49 | €498,882 | €523,883 | +€25,000 | +5.0% |
| Equity | 10/15 | €112,610 | €155,827 | +€43,218 | +38.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,150 | €135,367 | +€43,218 | +46.9% |
| Amounts payable | 17/49 | €386,273 | €368,055 | -€18,218 | -4.7% |
| Amounts payable after more than one year | 17 | €180,000 | €180,000 | = | 0.0% |
| Financial debts | 170/4 | - | €180,000 | +€180,000 | |
| Other amounts payable | 178/9 | €180,000 | - | -€180,000 | |
| Amounts payable within one year | 42/48 | €206,273 | €188,055 | -€18,218 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €13,605 | €2,401 | -€11,204 | -82.4% |
| Trade debts | 44 | €10,947 | €7,427 | -€3,519 | -32.2% |
| Suppliers | 440/4 | €10,947 | €7,427 | -€3,519 | -32.2% |
| Taxes, remuneration and social security | 45 | €39,273 | €26,022 | -€13,251 | -33.7% |
| Taxes | 450/3 | €39,035 | €26,022 | -€13,013 | -33.3% |
| Remuneration and social security | 454/9 | €237 | - | -€237 | |
| Other amounts payable | 47/48 | €142,449 | €152,205 | +€9,756 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,086 | €1,838 | -€1,248 | -40.4% |
| Other operating charges | 640/8 | - | €136 | +€136 | |
| Gross operating margin | 9900 | €10,459 | €55,585 | +€45,125 | +431% |
| Operating profit (loss) | 9901 | €7,373 | €53,610 | +€46,237 | +627% |
| Financial charges | 65/66B | €295 | €1,024 | +€729 | +247% |
| Recurring financial charges | 65 | €295 | €1,024 | +€729 | +247% |
| Profit (loss) for the period before taxes | 9903 | €7,079 | €52,586 | +€45,508 | +643% |
| Income taxes | 67/77 | €3,299 | €9,369 | +€6,070 | +184% |
| Profit (loss) for the period | 9904 | €3,780 | €43,218 | +€39,438 | +1,043% |
| Profit (loss) for the period to be appropriated | 9905 | €3,780 | €43,218 | +€39,438 | +1,043% |
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 17 October 2026 via checked.be.