H.U.B. INVEST: what changed
H.U.B. INVEST
Largest movements
- Cash +€2,747
up €2,747 (+35.9%), from €7,648 to €10,396
mainly Net result for the year (+€9,258) and Depreciation (+€4,384)
- Tangible fixed assets -€1,584
down €1,584 (-1.3%), from €124,945 to €123,361
of which Land and buildings: -€855
- Profit (loss) carried forward +€9,258
up €9,258 (+23,348%), from €40 to €9,297
- Debts after one year -€4,915
down €4,915 (-4.5%), from €110,064 to €105,149
- Other debts -€4,634
down €4,634 (-41.7%), from €11,101 to €6,468
- Tax, wage and social debts +€1,454
up €1,454 (+5,159%), from €28 to €1,482
- Depreciation -€13,469
down €13,469 (-75.4%), from €17,853 to €4,384
- Gross operating margin +€2,107
up €2,107 (+11.7%), from €18,010 to €20,117
- Taxes +€1,150
new in 2025: €1,150
- Financial income -€580
down €580 (-94.9%), from €611 to €31
- Other operating charges -€289
down €289 (-60.2%), from €480 to €191
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,666 | €133,914 | +€248 | +0.2% |
| Fixed assets | 21/28 | €124,945 | €123,361 | -€1,584 | -1.3% |
| Tangible fixed assets | 22/27 | €124,945 | €123,361 | -€1,584 | -1.3% |
| Land and buildings | 22 | €115,606 | €114,751 | -€855 | -0.7% |
| Furniture and vehicles | 24 | €1,023 | €736 | -€287 | -28.0% |
| Other tangible fixed assets | 26 | €8,316 | €7,873 | -€442 | -5.3% |
| Current assets | 29/58 | €8,721 | €10,553 | +€1,832 | +21.0% |
| Amounts receivable within one year | 40/41 | €805 | €7 | -€798 | -99.1% |
| Trade receivables | 40 | €798 | - | -€798 | |
| Other amounts receivable | 41 | €7 | €7 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,648 | €10,396 | +€2,747 | +35.9% |
| Deferred charges and accrued income | 490/1 | €268 | €151 | -€117 | -43.8% |
| Total equity and liabilities | 10/49 | €133,666 | €133,914 | +€248 | +0.2% |
| Equity | 10/15 | €5,040 | €14,297 | +€9,258 | +184% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40 | €9,297 | +€9,258 | +23,348% |
| Amounts payable | 17/49 | €128,627 | €119,617 | -€9,010 | -7.0% |
| Amounts payable after more than one year | 17 | €110,064 | €105,149 | -€4,915 | -4.5% |
| Financial debts | 170/4 | €110,064 | €105,149 | -€4,915 | -4.5% |
| Amounts payable within one year | 42/48 | €18,555 | €14,465 | -€4,091 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €4,704 | €4,915 | +€212 | +4.5% |
| Trade debts | 44 | €2,722 | €1,600 | -€1,122 | -41.2% |
| Suppliers | 440/4 | €2,722 | €1,600 | -€1,122 | -41.2% |
| Taxes, remuneration and social security | 45 | €28 | €1,482 | +€1,454 | +5,159% |
| Taxes | 450/3 | €28 | €1,482 | +€1,454 | +5,159% |
| Other amounts payable | 47/48 | €11,101 | €6,468 | -€4,634 | -41.7% |
| Accrued charges and deferred income | 492/3 | €7 | €3 | -€4 | -54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,853 | €4,384 | -€13,469 | -75.4% |
| Other operating charges | 640/8 | €480 | €191 | -€289 | -60.2% |
| Gross operating margin | 9900 | €18,010 | €20,117 | +€2,107 | +11.7% |
| Operating profit (loss) | 9901 | -€324 | €15,541 | +€15,865 | |
| Financial income | 75/76B | €611 | €31 | -€580 | -94.9% |
| Recurring financial income | 75 | €611 | €31 | -€580 | -94.9% |
| Financial charges | 65/66B | €5,312 | €5,165 | -€147 | -2.8% |
| Recurring financial charges | 65 | €5,312 | €5,165 | -€147 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,024 | €10,408 | +€15,432 | |
| Income taxes | 67/77 | - | €1,150 | +€1,150 | |
| Profit (loss) for the period | 9904 | -€5,024 | €9,258 | +€14,282 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,024 | €9,258 | +€14,282 |
Next steps
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 8 November 2026 via checked.be.