HUB-LOG: 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.
HUB-LOG
Largest movements
- Cash -€3,170
down €3,170 (-8.2%), from €38,745 to €35,575
mainly Net result for the year (-€2,626) and Trade debts (-€544)
- Reserves -€2,626
down €2,626 (-6.7%), from €39,318 to €36,692
- Gross operating margin -€938
down €938 (-58.5%), from -€1,603 to -€2,541
- Other operating charges -€387
no longer reported in 2025 (was €387)
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 | €61,745 | €58,575 | -€3,170 | -5.1% |
| Current assets | 29/58 | €61,745 | €58,575 | -€3,170 | -5.1% |
| Current investments | 50/53 | €23,000 | €23,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €38,745 | €35,575 | -€3,170 | -8.2% |
| Total equity and liabilities | 10/49 | €61,745 | €58,575 | -€3,170 | -5.1% |
| Equity | 10/15 | €51,718 | €49,092 | -€2,626 | -5.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €39,318 | €36,692 | -€2,626 | -6.7% |
| Distributable reserves | 133 | €39,318 | €36,692 | -€2,626 | -6.7% |
| Amounts payable | 17/49 | €10,027 | €9,483 | -€544 | -5.4% |
| Amounts payable after more than one year | 17 | €8,978 | €8,978 | = | 0.0% |
| Financial debts | 170/4 | €8,978 | €8,978 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,049 | €505 | -€544 | -51.9% |
| Trade debts | 44 | €885 | €341 | -€544 | -61.5% |
| Suppliers | 440/4 | €885 | €341 | -€544 | -61.5% |
| Other amounts payable | 47/48 | €164 | €164 | = | 0.0% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€1,603 | -€2,541 | -€938 | -58.5% |
| Operating profit (loss) | 9901 | -€1,990 | -€2,541 | -€551 | -27.7% |
| Financial charges | 65/66B | €84 | €85 | +€1 | +1.2% |
| Recurring financial charges | 65 | €84 | €85 | +€1 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,074 | -€2,626 | -€552 | -26.6% |
| Profit (loss) for the period | 9904 | -€2,074 | -€2,626 | -€552 | -26.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,074 | -€2,626 | -€552 | -26.6% |
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 4 October 2026 via checked.be.