HUB1: 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.
HUB1
Largest movements
- Cash -€16,127
down €16,127 (-64.9%), from €24,852 to €8,725
mainly Contributions, distributions and other (-€37,387) and Investment in fixed assets (net) (-€10,611)
- Tangible fixed assets +€9,011
up €9,011 (+318.9%), from €2,825 to €11,836
- Receivables within one year -€5,447
down €5,447 (-13.0%), from €41,956 to €36,509
of which Other amounts receivable: -€5,822
- Deferred charges and accrued income +€1,650
new in 2025: €1,650
- Reserves -€18,117
down €18,117 (-100.0%), from €18,117 to €0
- Other debts +€3,876
up €3,876 (+11.6%), from €33,511 to €37,387
- Tax, wage and social debts +€1,714
up €1,714 (+10.5%), from €16,318 to €18,032
- Trade debts +€1,614
up €1,614 (+457.5%), from €353 to €1,967
- Gross operating margin -€14,451
down €14,451 (-30.9%), from €46,714 to €32,262
- Taxes -€3,381
down €3,381 (-30.0%), from €11,258 to €7,877
- Financial charges +€1,572
up €1,572 (+124.2%), from €1,265 to €2,836
- Financial income -€674
down €674 (-57.4%), from €1,174 to €501
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 | €69,799 | €58,886 | -€10,913 | -15.6% |
| Fixed assets | 21/28 | €2,991 | €12,002 | +€9,011 | +301.2% |
| Tangible fixed assets | 22/27 | €2,825 | €11,836 | +€9,011 | +318.9% |
| Furniture and vehicles | 24 | €2,825 | €11,836 | +€9,011 | +318.9% |
| Financial fixed assets | 28 | €166 | €166 | = | 0.0% |
| Current assets | 29/58 | €66,808 | €46,884 | -€19,924 | -29.8% |
| Amounts receivable within one year | 40/41 | €41,956 | €36,509 | -€5,447 | -13.0% |
| Trade receivables | 40 | €26,933 | €27,307 | +€375 | +1.4% |
| Other amounts receivable | 41 | €15,024 | €9,202 | -€5,822 | -38.8% |
| Cash at bank and in hand | 54/58 | €24,852 | €8,725 | -€16,127 | -64.9% |
| Deferred charges and accrued income | 490/1 | - | €1,650 | +€1,650 | |
| Total equity and liabilities | 10/49 | €69,799 | €58,886 | -€10,913 | -15.6% |
| Equity | 10/15 | €19,617 | €1,500 | -€18,117 | -92.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €18,117 | €0 | -€18,117 | -100.0% |
| Distributable reserves | 133 | €18,117 | €0 | -€18,117 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €50,182 | €57,386 | +€7,204 | +14.4% |
| Amounts payable within one year | 42/48 | €50,182 | €57,386 | +€7,204 | +14.4% |
| Trade debts | 44 | €353 | €1,967 | +€1,614 | +457.5% |
| Suppliers | 440/4 | €353 | €1,967 | +€1,614 | +457.5% |
| Taxes, remuneration and social security | 45 | €16,318 | €18,032 | +€1,714 | +10.5% |
| Taxes | 450/3 | €16,318 | €18,032 | +€1,714 | +10.5% |
| Other amounts payable | 47/48 | €33,511 | €37,387 | +€3,876 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,206 | €1,600 | +€394 | +32.7% |
| Other operating charges | 640/8 | €648 | €636 | -€11 | -1.7% |
| Non-recurring operating charges | 66A | - | €543 | +€543 | |
| Gross operating margin | 9900 | €46,714 | €32,262 | -€14,451 | -30.9% |
| Operating profit (loss) | 9901 | €44,860 | €29,483 | -€15,378 | -34.3% |
| Financial income | 75/76B | €1,174 | €501 | -€674 | -57.4% |
| Recurring financial income | 75 | €1,174 | €501 | -€674 | -57.4% |
| Financial charges | 65/66B | €1,265 | €2,836 | +€1,572 | +124.2% |
| Recurring financial charges | 65 | €1,265 | €2,836 | +€1,572 | +124.2% |
| Profit (loss) for the period before taxes | 9903 | €44,769 | €27,147 | -€17,623 | -39.4% |
| Income taxes | 67/77 | €11,258 | €7,877 | -€3,381 | -30.0% |
| Profit (loss) for the period | 9904 | €33,511 | €19,270 | -€14,241 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,511 | €19,270 | -€14,241 | -42.5% |
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 10 October 2026 via checked.be.