HUB.JUL: what changed
Two financial 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.
HUB.JUL
Largest movements
- Cash +€46,502
up €46,502 (+153.6%), from €30,285 to €76,787
mainly Net result for the year (+€41,469) and Receivables within one year (+€18,819)
- Receivables within one year -€18,819
down €18,819 (-47.8%), from €39,398 to €20,579
of which Trade receivables: -€21,780
- Deferred charges and accrued income +€17,706
up €17,706 (+1165.5%), from €1,519 to €19,225
- Profit (loss) carried forward +€41,469
up €41,469 (+98.0%), from €42,327 to €83,796
- Other debts -€6,132
down €6,132 (-100.0%), from €6,132 to €0
- Trade debts +€5,589
up €5,589 (+18.9%), from €29,527 to €35,115
- Tax, wage and social debts +€3,527
up €3,527 (+19.0%), from €18,558 to €22,085
- Depreciation +€1,272
up €1,272 (+48.0%), from €2,648 to €3,920
- Taxes -€1,005
down €1,005 (-7.2%), from €13,907 to €12,902
- Financial charges +€802
up €802 (+53.3%), from €1,506 to €2,309
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 | €99,544 | €145,392 | +€45,848 | +46.1% |
| Fixed assets | 21/28 | €28,342 | €28,801 | +€459 | +1.6% |
| Tangible fixed assets | 22/27 | €28,342 | €28,801 | +€459 | +1.6% |
| Furniture and vehicles | 24 | €3,457 | €6,351 | +€2,894 | +83.7% |
| Other tangible fixed assets | 26 | €24,885 | €22,450 | -€2,435 | -9.8% |
| Current assets | 29/58 | €71,201 | €116,591 | +€45,389 | +63.7% |
| Amounts receivable within one year | 40/41 | €39,398 | €20,579 | -€18,819 | -47.8% |
| Trade receivables | 40 | €39,397 | €17,617 | -€21,780 | -55.3% |
| Other amounts receivable | 41 | €0 | €2,961 | +€2,961 | +955145.2% |
| Cash at bank and in hand | 54/58 | €30,285 | €76,787 | +€46,502 | +153.6% |
| Deferred charges and accrued income | 490/1 | €1,519 | €19,225 | +€17,706 | +1165.5% |
| Total equity and liabilities | 10/49 | €99,544 | €145,392 | +€45,848 | +46.1% |
| Equity | 10/15 | €45,327 | €86,796 | +€41,469 | +91.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,327 | €83,796 | +€41,469 | +98.0% |
| Amounts payable | 17/49 | €54,217 | €58,596 | +€4,379 | +8.1% |
| Amounts payable within one year | 42/48 | €54,217 | €57,201 | +€2,984 | +5.5% |
| Trade debts | 44 | €29,527 | €35,115 | +€5,589 | +18.9% |
| Suppliers | 440/4 | €29,527 | €35,115 | +€5,589 | +18.9% |
| Taxes, remuneration and social security | 45 | €18,558 | €22,085 | +€3,527 | +19.0% |
| Taxes | 450/3 | €18,558 | €22,085 | +€3,527 | +19.0% |
| Other amounts payable | 47/48 | €6,132 | €0 | -€6,132 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €1,395 | +€1,395 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,648 | €3,920 | +€1,272 | +48.0% |
| Other operating charges | 640/8 | €1,806 | €1,749 | -€57 | -3.2% |
| Gross operating margin | 9900 | €62,195 | €62,349 | +€154 | +0.2% |
| Operating profit (loss) | 9901 | €57,741 | €56,680 | -€1,061 | -1.8% |
| Financial charges | 65/66B | €1,506 | €2,309 | +€802 | +53.3% |
| Recurring financial charges | 65 | €1,506 | €2,309 | +€802 | +53.3% |
| Profit (loss) for the period before taxes | 9903 | €56,234 | €54,371 | -€1,863 | -3.3% |
| Income taxes | 67/77 | €13,907 | €12,902 | -€1,005 | -7.2% |
| Profit (loss) for the period | 9904 | €42,327 | €41,469 | -€858 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,327 | €41,469 | -€858 | -2.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.