Hub Aviation & IT services: what changed
Hub Aviation & IT services
Largest movements
- Tangible fixed assets -€9,797
down €9,797 (-26.9%), from €36,433 to €26,636
of which Furniture and vehicles: -€9,714
- Receivables within one year +€4,260
up €4,260 (+453%), from €941 to €5,202
of which Other amounts receivable: +€3,038
- Cash +€1,162
up €1,162 (+9.2%), from €12,621 to €13,783
mainly Net result for the year (+€45,451) and Depreciation (+€11,619)
- Profit (loss) carried forward -€8,074
down €8,074 (-59.4%), from €13,598 to €5,524
- Other debts +€2,012
up €2,012 (+7.1%), from €28,340 to €30,352
- Tax, wage and social debts +€1,121
up €1,121 (+27.7%), from €4,049 to €5,171
- Gross operating margin +€38,777
up €38,777 (+126%), from €30,835 to €69,613
- Taxes +€7,903
up €7,903 (+195%), from €4,059 to €11,962
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 | €51,249 | €46,609 | -€4,639 | -9.1% |
| Formation expenses | 20 | €1,037 | €581 | -€456 | -44.0% |
| Fixed assets | 21/28 | €36,433 | €26,636 | -€9,797 | -26.9% |
| Tangible fixed assets | 22/27 | €36,433 | €26,636 | -€9,797 | -26.9% |
| Plant, machinery and equipment | 23 | €268 | €185 | -€83 | -30.9% |
| Furniture and vehicles | 24 | €36,165 | €26,451 | -€9,714 | -26.9% |
| Current assets | 29/58 | €13,779 | €19,392 | +€5,613 | +40.7% |
| Amounts receivable within one year | 40/41 | €941 | €5,202 | +€4,260 | +453% |
| Trade receivables | 40 | - | €1,222 | +€1,222 | |
| Other amounts receivable | 41 | €941 | €3,980 | +€3,038 | +323% |
| Cash at bank and in hand | 54/58 | €12,621 | €13,783 | +€1,162 | +9.2% |
| Deferred charges and accrued income | 490/1 | €216 | €407 | +€191 | +88.4% |
| Total equity and liabilities | 10/49 | €51,249 | €46,609 | -€4,639 | -9.1% |
| Equity | 10/15 | €16,598 | €8,524 | -€8,074 | -48.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,598 | €5,524 | -€8,074 | -59.4% |
| Amounts payable | 17/49 | €34,650 | €38,085 | +€3,435 | +9.9% |
| Amounts payable within one year | 42/48 | €34,650 | €38,085 | +€3,435 | +9.9% |
| Trade debts | 44 | €2,261 | €2,563 | +€302 | +13.4% |
| Suppliers | 440/4 | €2,261 | €2,563 | +€302 | +13.4% |
| Taxes, remuneration and social security | 45 | €4,049 | €5,171 | +€1,121 | +27.7% |
| Taxes | 450/3 | €4,049 | €5,171 | +€1,121 | +27.7% |
| Other amounts payable | 47/48 | €28,340 | €30,352 | +€2,012 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,488 | €11,619 | +€131 | +1.1% |
| Other operating charges | 640/8 | €96 | €500 | +€404 | +420% |
| Gross operating margin | 9900 | €30,835 | €69,613 | +€38,777 | +126% |
| Operating profit (loss) | 9901 | €19,251 | €57,494 | +€38,243 | +199% |
| Financial charges | 65/66B | €65 | €81 | +€16 | +25.2% |
| Recurring financial charges | 65 | €65 | €81 | +€16 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €19,186 | €57,413 | +€38,227 | +199% |
| Income taxes | 67/77 | €4,059 | €11,962 | +€7,903 | +195% |
| Profit (loss) for the period | 9904 | €15,127 | €45,451 | +€30,323 | +200% |
| Profit (loss) for the period to be appropriated | 9905 | €15,127 | €45,451 | +€30,323 | +200% |
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 2 November 2026 via checked.be.