HUB Services: 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 Services
Largest movements
- Receivables within one year -€33,571
down €33,571 (-80.7%), from €41,590 to €8,019
of which Trade receivables: -€40,000
- Tangible fixed assets -€20,880
down €20,880 (-15.3%), from €136,277 to €115,397
of which Plant, machinery and equipment: -€12,142
- Cash +€14,854
up €14,854 (+394.3%), from €3,768 to €18,621
mainly Receivables within one year (+€33,571) and Depreciation (+€20,135)
- Intangible fixed assets -€3,147
down €3,147 (-27.2%), from €11,561 to €8,413
- Other debts -€24,244
no longer reported in 2025 (was €24,244)
- Debts after one year -€23,914
down €23,914 (-20.5%), from €116,902 to €92,988
- Tax, wage and social debts +€3,662
up €3,662 (+61.8%), from €5,922 to €9,585
- Profit (loss) carried forward +€3,595
up €3,595 (+27.8%), from €12,956 to €16,551
- Trade debts -€2,439
down €2,439 (-43.8%), from €5,566 to €3,127
- Depreciation -€3,918
down €3,918 (-16.3%), from €24,053 to €20,135
- Taxes +€1,988
up €1,988 (+147.9%), from €1,344 to €3,331
- Financial charges -€890
down €890 (-16.3%), from €5,449 to €4,559
- Gross operating margin +€685
up €685 (+2.2%), from €31,811 to €32,496
- Write-downs +€520
new in 2025: €520
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 | €194,625 | €151,999 | -€42,626 | -21.9% |
| Fixed assets | 21/28 | €147,837 | €123,810 | -€24,027 | -16.3% |
| Intangible fixed assets | 21 | €11,561 | €8,413 | -€3,147 | -27.2% |
| Tangible fixed assets | 22/27 | €136,277 | €115,397 | -€20,880 | -15.3% |
| Plant, machinery and equipment | 23 | €123,326 | €111,184 | -€12,142 | -9.8% |
| Furniture and vehicles | 24 | €12,950 | €4,213 | -€8,738 | -67.5% |
| Current assets | 29/58 | €46,788 | €28,188 | -€18,599 | -39.8% |
| Amounts receivable within one year | 40/41 | €41,590 | €8,019 | -€33,571 | -80.7% |
| Trade receivables | 40 | €41,590 | €1,590 | -€40,000 | -96.2% |
| Other amounts receivable | 41 | - | €6,429 | +€6,429 | |
| Cash at bank and in hand | 54/58 | €3,768 | €18,621 | +€14,854 | +394.3% |
| Deferred charges and accrued income | 490/1 | €1,430 | €1,548 | +€117 | +8.2% |
| Total equity and liabilities | 10/49 | €194,625 | €151,999 | -€42,626 | -21.9% |
| Equity | 10/15 | €17,956 | €21,551 | +€3,595 | +20.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,956 | €16,551 | +€3,595 | +27.8% |
| Amounts payable | 17/49 | €176,669 | €130,447 | -€46,222 | -26.2% |
| Amounts payable after more than one year | 17 | €116,902 | €92,988 | -€23,914 | -20.5% |
| Financial debts | 170/4 | €116,902 | €92,988 | -€23,914 | -20.5% |
| Amounts payable within one year | 42/48 | €59,685 | €37,407 | -€22,278 | -37.3% |
| Current portion of amounts payable after more than one year | 42 | €23,953 | €24,695 | +€742 | +3.1% |
| Trade debts | 44 | €5,566 | €3,127 | -€2,439 | -43.8% |
| Suppliers | 440/4 | €5,566 | €3,127 | -€2,439 | -43.8% |
| Taxes, remuneration and social security | 45 | €5,922 | €9,585 | +€3,662 | +61.8% |
| Taxes | 450/3 | €5,922 | €9,585 | +€3,662 | +61.8% |
| Other amounts payable | 47/48 | €24,244 | - | -€24,244 | |
| Accrued charges and deferred income | 492/3 | €81 | €52 | -€30 | -36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,053 | €20,135 | -€3,918 | -16.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €520 | +€520 | |
| Other operating charges | 640/8 | €499 | €579 | +€80 | +16.0% |
| Gross operating margin | 9900 | €31,811 | €32,496 | +€685 | +2.2% |
| Operating profit (loss) | 9901 | €7,259 | €11,262 | +€4,003 | +55.2% |
| Financial income | 75/76B | - | €224 | +€224 | |
| Recurring financial income | 75 | - | €224 | +€224 | |
| Financial charges | 65/66B | €5,449 | €4,559 | -€890 | -16.3% |
| Recurring financial charges | 65 | €5,449 | €4,559 | -€890 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €1,810 | €6,927 | +€5,117 | +282.7% |
| Income taxes | 67/77 | €1,344 | €3,331 | +€1,988 | +147.9% |
| Profit (loss) for the period | 9904 | €466 | €3,595 | +€3,129 | +671.4% |
| Profit (loss) for the period to be appropriated | 9905 | €466 | €3,595 | +€3,129 | +671.4% |
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 7 October 2026 via checked.be.