HASHCUBE: 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.
HASHCUBE
Largest movements
- Cash +€28,821
up €28,821 (+30.8%), from €93,543 to €122,364
mainly Net result for the year (+€29,583) and Receivables within one year (+€6,232)
- Receivables within one year -€6,232
down €6,232 (-46.8%), from €13,310 to €7,078
- Reserves +€29,583
up €29,583 (+41.4%), from €71,454 to €101,037
- Trade debts -€4,104
down €4,104 (-76.3%), from €5,378 to €1,274
- Tax, wage and social debts -€3,227
down €3,227 (-10.3%), from €31,253 to €28,026
of which Taxes: -€2,115
- Gross operating margin -€14,268
down €14,268 (-26.4%), from €54,127 to €39,859
- Taxes -€2,814
down €2,814 (-25.8%), from €10,902 to €8,088
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 | €109,334 | €130,771 | +€21,437 | +19.6% |
| Fixed assets | 21/28 | €1,881 | €696 | -€1,185 | -63.0% |
| Tangible fixed assets | 22/27 | €1,881 | €696 | -€1,185 | -63.0% |
| Furniture and vehicles | 24 | €1,881 | €696 | -€1,185 | -63.0% |
| Current assets | 29/58 | €107,453 | €130,075 | +€22,622 | +21.1% |
| Amounts receivable within one year | 40/41 | €13,310 | €7,078 | -€6,232 | -46.8% |
| Trade receivables | 40 | €13,310 | €7,078 | -€6,232 | -46.8% |
| Cash at bank and in hand | 54/58 | €93,543 | €122,364 | +€28,821 | +30.8% |
| Deferred charges and accrued income | 490/1 | €600 | €633 | +€33 | +5.5% |
| Total equity and liabilities | 10/49 | €109,334 | €130,771 | +€21,437 | +19.6% |
| Equity | 10/15 | €71,554 | €101,137 | +€29,583 | +41.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €71,454 | €101,037 | +€29,583 | +41.4% |
| Distributable reserves | 133 | €71,454 | €101,037 | +€29,583 | +41.4% |
| Amounts payable | 17/49 | €37,780 | €29,634 | -€8,146 | -21.6% |
| Amounts payable within one year | 42/48 | €37,780 | €29,634 | -€8,146 | -21.6% |
| Trade debts | 44 | €5,378 | €1,274 | -€4,104 | -76.3% |
| Suppliers | 440/4 | €5,378 | €1,274 | -€4,104 | -76.3% |
| Taxes, remuneration and social security | 45 | €31,253 | €28,026 | -€3,227 | -10.3% |
| Taxes | 450/3 | €27,940 | €25,825 | -€2,115 | -7.6% |
| Remuneration and social security | 454/9 | €3,313 | €2,201 | -€1,112 | -33.6% |
| Other amounts payable | 47/48 | €1,149 | €334 | -€815 | -70.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,185 | €1,185 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €54,127 | €39,859 | -€14,268 | -26.4% |
| Operating profit (loss) | 9901 | €52,824 | €38,554 | -€14,270 | -27.0% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €1,179 | €883 | -€296 | -25.1% |
| Recurring financial charges | 65 | €1,179 | €883 | -€296 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €51,650 | €37,671 | -€13,979 | -27.1% |
| Income taxes | 67/77 | €10,902 | €8,088 | -€2,814 | -25.8% |
| Profit (loss) for the period | 9904 | €40,748 | €29,583 | -€11,165 | -27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,748 | €29,583 | -€11,165 | -27.4% |
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 5 October 2026 via checked.be.