HUB TO YOU: what changed
HUB TO YOU
Largest movements
- Receivables within one year +€29,096
up €29,096 (+222%), from €13,116 to €42,211
of which Other amounts receivable: +€32,602
- Financial fixed assets +€25,000
up €25,000 (+10.9%), from €229,577 to €254,577
- Cash +€18,578
up €18,578 (+151%), from €12,326 to €30,904
mainly Net result for the year (+€38,064) and Tax, wage and social debts (+€21,258)
- Deferred charges and accrued income -€5,353
down €5,353 (-56.7%), from €9,449 to €4,096
- Profit (loss) carried forward +€38,064
new in 2025: €38,064
- Tax, wage and social debts +€21,258
up €21,258 (+305%), from €6,969 to €28,227
- Trade debts +€5,553
up €5,553 (+66.1%), from €8,406 to €13,959
- Gross operating margin +€46,608
up €46,608 (+590%), from €7,896 to €54,504
- Financial charges -€14,838
down €14,838 (-96.0%), from €15,462 to €624
of which Non-recurring financial charges: -€13,393
- Taxes +€12,928
up €12,928 (+567%), from €2,281 to €15,209
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 | €264,718 | €331,788 | +€67,070 | +25.3% |
| Fixed assets | 21/28 | €229,827 | €254,577 | +€24,749 | +10.8% |
| Tangible fixed assets | 22/27 | €251 | - | -€251 | |
| Furniture and vehicles | 24 | €251 | - | -€251 | |
| Financial fixed assets | 28 | €229,577 | €254,577 | +€25,000 | +10.9% |
| Current assets | 29/58 | €34,890 | €77,211 | +€42,321 | +121% |
| Amounts receivable within one year | 40/41 | €13,116 | €42,211 | +€29,096 | +222% |
| Trade receivables | 40 | €13,116 | €9,609 | -€3,507 | -26.7% |
| Other amounts receivable | 41 | - | €32,602 | +€32,602 | |
| Cash at bank and in hand | 54/58 | €12,326 | €30,904 | +€18,578 | +151% |
| Deferred charges and accrued income | 490/1 | €9,449 | €4,096 | -€5,353 | -56.7% |
| Total equity and liabilities | 10/49 | €264,718 | €331,788 | +€67,070 | +25.3% |
| Equity | 10/15 | €232,322 | €270,386 | +€38,064 | +16.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €170,322 | €170,322 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €164,122 | €164,122 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €38,064 | +€38,064 | |
| Amounts payable | 17/49 | €32,395 | €61,402 | +€29,007 | +89.5% |
| Amounts payable within one year | 42/48 | €27,947 | €56,232 | +€28,285 | +101% |
| Trade debts | 44 | €8,406 | €13,959 | +€5,553 | +66.1% |
| Suppliers | 440/4 | €8,406 | €13,959 | +€5,553 | +66.1% |
| Advances received on contracts in progress | 46 | €2,796 | €4,412 | +€1,616 | +57.8% |
| Taxes, remuneration and social security | 45 | €6,969 | €28,227 | +€21,258 | +305% |
| Taxes | 450/3 | €6,969 | €28,227 | +€21,258 | +305% |
| Other amounts payable | 47/48 | €9,776 | €9,634 | -€142 | -1.5% |
| Accrued charges and deferred income | 492/3 | €4,448 | €5,169 | +€721 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €689 | €251 | -€439 | -63.7% |
| Other operating charges | 640/8 | €485 | €505 | +€20 | +4.1% |
| Gross operating margin | 9900 | €7,896 | €54,504 | +€46,608 | +590% |
| Operating profit (loss) | 9901 | €6,721 | €53,748 | +€47,027 | +700% |
| Financial income | 75/76B | €624 | €148 | -€476 | -76.3% |
| Recurring financial income | 75 | €624 | €148 | -€476 | -76.3% |
| Financial charges | 65/66B | €15,462 | €624 | -€14,838 | -96.0% |
| Recurring financial charges | 65 | €2,068 | €624 | -€1,444 | -69.8% |
| Non-recurring financial charges | 66B | €13,393 | - | -€13,393 | |
| Profit (loss) for the period before taxes | 9903 | -€8,116 | €53,272 | +€61,388 | |
| Income taxes | 67/77 | €2,281 | €15,209 | +€12,928 | +567% |
| Profit (loss) for the period | 9904 | -€10,397 | €38,064 | +€48,460 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,397 | €38,064 | +€48,460 |
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 7 November 2026 via checked.be.