H AUB: what changed
Two fiscal 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.
H AUB
Largest movements
- Tangible fixed assets -€15,008
down €15,008 (-3.0%), from €507,405 to €492,397
of which Land and buildings: -€12,039
- Debts after one year -€21,713
down €21,713 (-6.3%), from €343,511 to €321,798
- Gross operating margin +€6,008
up €6,008 (+16.8%), from €35,817 to €41,825
- Depreciation +€533
up €533 (+3.7%), from €14,475 to €15,008
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.
Cash bridge derived
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 | €510,553 | €495,516 | -€15,037 | -2.9% |
| Fixed assets | 21/28 | €507,405 | €492,397 | -€15,008 | -3.0% |
| Tangible fixed assets | 22/27 | €507,405 | €492,397 | -€15,008 | -3.0% |
| Land and buildings | 22 | €465,512 | €453,473 | -€12,039 | -2.6% |
| Plant, machinery and equipment | 23 | €41,894 | €38,924 | -€2,970 | -7.1% |
| Current assets | 29/58 | €3,147 | €3,119 | -€28 | -0.9% |
| Cash at bank and in hand | 54/58 | €1,577 | €1,549 | -€28 | -1.8% |
| Deferred charges and accrued income | 490/1 | €1,570 | €1,570 | = | 0.0% |
| Total equity and liabilities | 10/49 | €510,553 | €495,516 | -€15,037 | -2.9% |
| Equity | 10/15 | -€12,166 | -€7,956 | +€4,209 | +34.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,166 | -€17,956 | +€4,209 | +19.0% |
| Amounts payable | 17/49 | €522,718 | €503,473 | -€19,246 | -3.7% |
| Amounts payable after more than one year | 17 | €343,511 | €321,798 | -€21,713 | -6.3% |
| Financial debts | 170/4 | €343,511 | €321,798 | -€21,713 | -6.3% |
| Amounts payable within one year | 42/48 | €179,207 | €181,675 | +€2,468 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €20,761 | €21,713 | +€952 | +4.6% |
| Trade debts | 44 | - | €506 | +€506 | |
| Suppliers | 440/4 | - | €506 | +€506 | |
| Other amounts payable | 47/48 | €158,446 | €159,455 | +€1,009 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,475 | €15,008 | +€533 | +3.7% |
| Other operating charges | 640/8 | €1,218 | €1,257 | +€38 | +3.1% |
| Gross operating margin | 9900 | €35,817 | €41,825 | +€6,008 | +16.8% |
| Operating profit (loss) | 9901 | €20,124 | €25,560 | +€5,437 | +27.0% |
| Financial charges | 65/66B | €21,621 | €21,351 | -€270 | -1.2% |
| Recurring financial charges | 65 | €21,621 | €21,351 | -€270 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,497 | €4,209 | +€5,706 | |
| Profit (loss) for the period | 9904 | -€1,497 | €4,209 | +€5,706 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,497 | €4,209 | +€5,706 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.