HUB600: 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.
HUB600
Largest movements
- Receivables within one year +€5,385
up €5,385 (+3.0%), from €179,554 to €184,939
of which Other amounts receivable: +€5,385
- Other debts +€27,677
up €27,677 (+9.6%), from €289,656 to €317,333
- Profit (loss) carried forward -€12,477
down €12,477 (-2.0%), from -€622,761 to -€635,238
- Trade debts -€10,043
down €10,043 (-9.7%), from €103,635 to €93,593
- Gross operating margin +€10,866
up €10,866 (+55.3%), from -€19,660 to -€8,794
- Other operating charges -€392
down €392 (-73.1%), from €536 to €144
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 | €179,895 | €185,053 | +€5,158 | +2.9% |
| Current assets | 29/58 | €179,895 | €185,053 | +€5,158 | +2.9% |
| Amounts receivable within one year | 40/41 | €179,554 | €184,939 | +€5,385 | +3.0% |
| Trade receivables | 40 | €30 | €30 | = | 0.0% |
| Other amounts receivable | 41 | €179,525 | €184,910 | +€5,385 | +3.0% |
| Cash at bank and in hand | 54/58 | €341 | €53 | -€287 | -84.4% |
| Deferred charges and accrued income | 490/1 | - | €60 | +€60 | |
| Total equity and liabilities | 10/49 | €179,895 | €185,053 | +€5,158 | +2.9% |
| Equity | 10/15 | -€217,901 | -€230,378 | -€12,477 | -5.7% |
| Contributions | 10/11 | €398,660 | €398,660 | = | 0.0% |
| Capital | 10 | €398,660 | €398,660 | = | 0.0% |
| Issued capital | 100 | €398,660 | €398,660 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€622,761 | -€635,238 | -€12,477 | -2.0% |
| Amounts payable | 17/49 | €397,796 | €415,430 | +€17,635 | +4.4% |
| Amounts payable within one year | 42/48 | €397,796 | €415,430 | +€17,635 | +4.4% |
| Trade debts | 44 | €103,635 | €93,593 | -€10,043 | -9.7% |
| Suppliers | 440/4 | €103,635 | €93,593 | -€10,043 | -9.7% |
| Taxes, remuneration and social security | 45 | €4,505 | €4,505 | = | 0.0% |
| Taxes | 450/3 | €4,505 | €4,505 | = | 0.0% |
| Other amounts payable | 47/48 | €289,656 | €317,333 | +€27,677 | +9.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €536 | €144 | -€392 | -73.1% |
| Gross operating margin | 9900 | -€19,660 | -€8,794 | +€10,866 | +55.3% |
| Operating profit (loss) | 9901 | -€20,197 | -€8,938 | +€11,259 | +55.7% |
| Financial income | 75/76B | €5,199 | €5,385 | +€186 | +3.6% |
| Recurring financial income | 75 | €5,199 | €5,385 | +€186 | +3.6% |
| Financial charges | 65/66B | €9,073 | €8,924 | -€149 | -1.6% |
| Recurring financial charges | 65 | €9,073 | €8,924 | -€149 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | -€24,071 | -€12,477 | +€11,594 | +48.2% |
| Profit (loss) for the period | 9904 | -€24,071 | -€12,477 | +€11,594 | +48.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,071 | -€12,477 | +€11,594 | +48.2% |
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 8 October 2026 via checked.be.