HUB & SPOKE: 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 & SPOKE
Largest movements
- Cash -€125,937
down €125,937 (-51.9%), from €242,838 to €116,901
mainly Contributions, distributions and other (-€220,000) and Trade debts (-€38,466)
- Receivables within one year -€74,458
down €74,458 (-91.2%), from €81,682 to €7,224
of which Trade receivables: -€76,024
- Receivables after one year -€25,000
down €25,000 (-5.1%), from €490,000 to €465,000
- Profit (loss) carried forward -€197,365
down €197,365 (-26.7%), from €740,547 to €543,182
- Trade debts -€38,466
down €38,466 (-86.1%), from €44,682 to €6,216
- Tax, wage and social debts +€10,987
up €10,987 (+172.8%), from €6,360 to €17,347
- Turnover -€67,120
down €67,120 (-31.9%), from €210,400 to €143,280
- Write-downs +€34,400
new in 2025: €34,400
- Taxes -€26,821
down €26,821 (-70.9%), from €37,842 to €11,021
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 | €818,115 | €592,849 | -€225,267 | -27.5% |
| Current assets | 29/58 | €818,115 | €592,849 | -€225,267 | -27.5% |
| Amounts receivable after more than one year | 29 | €490,000 | €465,000 | -€25,000 | -5.1% |
| Other amounts receivable | 291 | €490,000 | €465,000 | -€25,000 | -5.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €81,682 | €7,224 | -€74,458 | -91.2% |
| Trade receivables | 40 | €76,024 | €0 | -€76,024 | -100.0% |
| Other amounts receivable | 41 | €5,658 | €7,224 | +€1,566 | +27.7% |
| Cash at bank and in hand | 54/58 | €242,838 | €116,901 | -€125,937 | -51.9% |
| Deferred charges and accrued income | 490/1 | €3,596 | €3,724 | +€128 | +3.6% |
| Total equity and liabilities | 10/49 | €818,115 | €592,849 | -€225,267 | -27.5% |
| Equity | 10/15 | €761,007 | €563,642 | -€197,365 | -25.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €740,547 | €543,182 | -€197,365 | -26.7% |
| Amounts payable | 17/49 | €57,109 | €29,207 | -€27,902 | -48.9% |
| Amounts payable within one year | 42/48 | €57,109 | €29,207 | -€27,902 | -48.9% |
| Trade debts | 44 | €44,682 | €6,216 | -€38,466 | -86.1% |
| Suppliers | 440/4 | €44,682 | €6,216 | -€38,466 | -86.1% |
| Taxes, remuneration and social security | 45 | €6,360 | €17,347 | +€10,987 | +172.8% |
| Taxes | 450/3 | €6,360 | €17,347 | +€10,987 | +172.8% |
| Other amounts payable | 47/48 | €6,067 | €5,644 | -€423 | -7.0% |
| Operating income | 70/76A | €259,229 | €191,744 | -€67,485 | -26.0% |
| Turnover | 70 | €210,400 | €143,280 | -€67,120 | -31.9% |
| Other operating income | 74 | €48,829 | €48,464 | -€365 | -0.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €125,615 | €159,560 | +€33,944 | +27.0% |
| Services and other goods | 61 | €122,590 | €124,161 | +€1,570 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €34,400 | +€34,400 | |
| Other operating charges | 640/8 | €3,025 | €999 | -€2,026 | -67.0% |
| Operating profit (loss) | 9901 | €133,614 | €32,184 | -€101,429 | -75.9% |
| Financial income | 75/76B | €4,500 | €4,500 | = | 0.0% |
| Recurring financial income | 75 | €4,500 | €4,500 | = | 0.0% |
| Income from current assets | 751 | €4,500 | €4,500 | = | 0.0% |
| Financial charges | 65/66B | €3,612 | €3,029 | -€583 | -16.1% |
| Recurring financial charges | 65 | €3,612 | €3,029 | -€583 | -16.1% |
| Debt charges | 650 | €3,339 | €2,739 | -€599 | -18.0% |
| Other financial charges | 652/9 | €273 | €290 | +€16 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €134,502 | €33,655 | -€100,846 | -75.0% |
| Income taxes | 67/77 | €37,842 | €11,021 | -€26,821 | -70.9% |
| Taxes | 670/3 | €37,842 | €11,021 | -€26,821 | -70.9% |
| Profit (loss) for the period | 9904 | €96,660 | €22,635 | -€74,025 | -76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €96,660 | €22,635 | -€74,025 | -76.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.