HUB4GREEN: 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.
HUB4GREEN
Largest movements
- Current investments +€303,458
up €303,458 (+133%), from €228,835 to €532,293
- Cash -€111,065
down €111,065 (-35.1%), from €316,643 to €205,579
mainly Current investments (-€303,458) and Receivables within one year (-€22,944)
- Receivables within one year +€22,944
up €22,944 (+51.3%), from €44,710 to €67,655
- Reserves +€201,461
up €201,461 (+36.8%), from €547,332 to €748,793
- Tax, wage and social debts +€11,583
up €11,583 (+72.8%), from €15,903 to €27,486
- Gross operating margin +€44,087
up €44,087 (+18.3%), from €241,546 to €285,633
- Taxes +€15,304
up €15,304 (+21.1%), from €72,397 to €87,701
- Financial income +€5,738
new in 2025: €5,738
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.
Derived cash bridge
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 | €593,873 | €806,347 | +€212,474 | +35.8% |
| Fixed assets | 21/28 | €1,239 | €821 | -€418 | -33.8% |
| Tangible fixed assets | 22/27 | €1,239 | €821 | -€418 | -33.8% |
| Furniture and vehicles | 24 | €1,239 | €821 | -€418 | -33.8% |
| Current assets | 29/58 | €592,633 | €805,526 | +€212,893 | +35.9% |
| Amounts receivable within one year | 40/41 | €44,710 | €67,655 | +€22,944 | +51.3% |
| Trade receivables | 40 | €44,710 | €67,655 | +€22,944 | +51.3% |
| Current investments | 50/53 | €228,835 | €532,293 | +€303,458 | +133% |
| Cash at bank and in hand | 54/58 | €316,643 | €205,579 | -€111,065 | -35.1% |
| Deferred charges and accrued income | 490/1 | €2,445 | - | -€2,445 | |
| Total equity and liabilities | 10/49 | €593,873 | €806,347 | +€212,474 | +35.8% |
| Equity | 10/15 | €565,932 | €767,393 | +€201,461 | +35.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €547,332 | €748,793 | +€201,461 | +36.8% |
| Distributable reserves | 133 | €547,332 | €748,793 | +€201,461 | +36.8% |
| Amounts payable | 17/49 | €27,941 | €38,954 | +€11,013 | +39.4% |
| Amounts payable within one year | 42/48 | €26,495 | €38,952 | +€12,457 | +47.0% |
| Trade debts | 44 | €2,979 | €3,305 | +€326 | +10.9% |
| Suppliers | 440/4 | €2,979 | €3,305 | +€326 | +10.9% |
| Taxes, remuneration and social security | 45 | €15,903 | €27,486 | +€11,583 | +72.8% |
| Taxes | 450/3 | €15,903 | €27,486 | +€11,583 | +72.8% |
| Other amounts payable | 47/48 | €7,613 | €8,161 | +€549 | +7.2% |
| Accrued charges and deferred income | 492/3 | €1,446 | €2 | -€1,444 | -99.8% |
| Non-recurring operating income | 76A | - | €12,527 | +€12,527 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €287 | €418 | +€132 | +45.9% |
| Other operating charges | 640/8 | €677 | €885 | +€208 | +30.8% |
| Gross operating margin | 9900 | €241,546 | €285,633 | +€44,087 | +18.3% |
| Operating profit (loss) | 9901 | €240,583 | €284,330 | +€43,747 | +18.2% |
| Financial income | 75/76B | - | €5,738 | +€5,738 | |
| Recurring financial income | 75 | - | €5,738 | +€5,738 | |
| Financial charges | 65/66B | €88 | €73 | -€15 | -17.5% |
| Recurring financial charges | 65 | €88 | €73 | -€15 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €240,494 | €289,995 | +€49,501 | +20.6% |
| Income taxes | 67/77 | €72,397 | €87,701 | +€15,304 | +21.1% |
| Profit (loss) for the period | 9904 | €168,097 | €202,294 | +€34,197 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €168,097 | €202,294 | +€34,197 | +20.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.