HUB architecten: what changed
What changed
HUB architecten
NACE 68.122, Development of non-residential building projects
filed annual accounts (NBB)
Net result for the year
€266,599
2024 · €94,254+€172,345
Equity
€849,825
2024 · €733,226+€116,599
Cash
€110,252
2024 · €118,612-€8,360
Balance sheet total
€3.0m
2024 · €2.8m+€217,335
Largest movements
Assets
- Receivables within one year +€289,222
up €289,222 (+11.6%), from €2.5m to €2.8m
of which Trade receivables: +€318,836
- Deferred charges and accrued income -€57,181
down €57,181 (-71.2%), from €80,272 to €23,091
Equity and liabilities
- Reserves +€116,599
up €116,599 (+16.3%), from €714,676 to €831,275
of which Distributable reserves: +€118,454
- Tax, wage and social debts +€86,789
up €86,789 (+111%), from €78,538 to €165,327
of which Taxes: +€89,955
- Trade debts -€55,164
down €55,164 (-3.9%), from €1.4m to €1.3m
- Other debts +€52,398
up €52,398 (+34.4%), from €152,269 to €204,667
Income statement
- Gross operating margin +€185,719
up €185,719 (+42.5%), from €436,917 to €622,636
- Taxes +€55,637
up €55,637 (+114%), from €48,629 to €104,266
- Staff costs -€40,496
down €40,496 (-15.5%), from €262,013 to €221,517
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.
Result 2024
€94,254
Gross operating margin
+€185,719
Staff costs
+€40,496
Depreciation
-€619
Other operating charges
-€2,630
Financial income
+€1,068
Financial charges
+€3,948
Taxes
-€55,637
Result 2025
€266,599
raises the resultlowers the result
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.
From operations
+€165,396
Investment
-€23,755
Financing
-€150,000
Cash 2024
€118,612
From operations (derived)
+€165,396
Net result for the year
+€266,599
Depreciation
+€30,101
Receivables within one year
-€289,222
Deferred charges and accrued income
+€57,181
Trade debts
-€55,164
Tax, wage and social debts
+€86,789
Other debts
+€52,398
Accrued charges and deferred income
+€16,714
Investment (derived)
-€23,755
Investment in fixed assets (net)
-€23,755
Financing
-€150,000
Contributions, distributions and other
-€150,000
Cash 2025
€110,252
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,770,646 | €2,987,982 | +€217,335 | +7.8% |
| Fixed assets | 21/28 | €76,797 | €70,451 | -€6,346 | -8.3% |
| Tangible fixed assets | 22/27 | €75,587 | €69,241 | -€6,346 | -8.4% |
| Plant, machinery and equipment | 23 | €38,194 | €45,126 | +€6,932 | +18.2% |
| Furniture and vehicles | 24 | €18,136 | €14,486 | -€3,649 | -20.1% |
| Other tangible fixed assets | 26 | €19,258 | €9,629 | -€9,629 | -50.0% |
| Financial fixed assets | 28 | €1,210 | €1,210 | = | 0.0% |
| Current assets | 29/58 | €2,693,849 | €2,917,530 | +€223,681 | +8.3% |
| Amounts receivable within one year | 40/41 | €2,494,965 | €2,784,187 | +€289,222 | +11.6% |
| Trade receivables | 40 | €1,934,487 | €2,253,323 | +€318,836 | +16.5% |
| Other amounts receivable | 41 | €560,478 | €530,863 | -€29,614 | -5.3% |
| Cash at bank and in hand | 54/58 | €118,612 | €110,252 | -€8,360 | -7.0% |
| Deferred charges and accrued income | 490/1 | €80,272 | €23,091 | -€57,181 | -71.2% |
| Total equity and liabilities | 10/49 | €2,770,646 | €2,987,982 | +€217,335 | +7.8% |
| Equity | 10/15 | €733,226 | €849,825 | +€116,599 | +15.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €714,676 | €831,275 | +€116,599 | +16.3% |
| Non-distributable reserves | 130/1 | €1,855 | €0 | -€1,855 | -100% |
| Reserves not available under the articles | 1311 | €1,855 | €0 | -€1,855 | -100% |
| Distributable reserves | 133 | €712,821 | €831,275 | +€118,454 | +16.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,037,420 | €2,138,156 | +€100,737 | +4.9% |
| Amounts payable within one year | 42/48 | €1,835,814 | €1,919,836 | +€84,023 | +4.6% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €1,405,007 | €1,349,843 | -€55,164 | -3.9% |
| Suppliers | 440/4 | €1,405,007 | €1,349,843 | -€55,164 | -3.9% |
| Taxes, remuneration and social security | 45 | €78,538 | €165,327 | +€86,789 | +111% |
| Taxes | 450/3 | €48,816 | €138,771 | +€89,955 | +184% |
| Remuneration and social security | 454/9 | €29,722 | €26,556 | -€3,166 | -10.7% |
| Other amounts payable | 47/48 | €152,269 | €204,667 | +€52,398 | +34.4% |
| Accrued charges and deferred income | 492/3 | €201,606 | €218,320 | +€16,714 | +8.3% |
| Non-recurring operating income | 76A | - | €2,200 | +€2,200 | |
| Remuneration, social security and pensions | 62 | €262,013 | €221,517 | -€40,496 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,482 | €30,101 | +€619 | +2.1% |
| Other operating charges | 640/8 | €2,353 | €4,983 | +€2,630 | +112% |
| Gross operating margin | 9900 | €436,917 | €622,636 | +€185,719 | +42.5% |
| Operating profit (loss) | 9901 | €143,069 | €366,034 | +€222,966 | +156% |
| Financial income | 75/76B | €20,419 | €21,487 | +€1,068 | +5.2% |
| Recurring financial income | 75 | €20,419 | €21,487 | +€1,068 | +5.2% |
| Financial charges | 65/66B | €20,605 | €16,657 | -€3,948 | -19.2% |
| Recurring financial charges | 65 | €20,605 | €16,657 | -€3,948 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €142,883 | €370,865 | +€227,982 | +160% |
| Income taxes | 67/77 | €48,629 | €104,266 | +€55,637 | +114% |
| Profit (loss) for the period | 9904 | €94,254 | €266,599 | +€172,345 | +183% |
| Profit (loss) for the period to be appropriated | 9905 | €94,254 | €266,599 | +€172,345 | +183% |
Next steps
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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 7 November 2026 via checked.be.