HUBA: 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.
HUBA
Largest movements
- Tangible fixed assets -€15,684
down €15,684 (-9.8%), from €160,425 to €144,741
of which Land and buildings: -€16,825
- Cash +€3,507
up €3,507 (+11.6%), from €30,181 to €33,688
mainly Net result for the year (+€24,830) and Depreciation (+€21,362)
- Other debts -€28,212
down €28,212 (-13.9%), from €202,792 to €174,580
- Profit (loss) carried forward +€20,801
up €20,801, from -€20,801 to €0
- Debts after one year -€13,481
down €13,481 (-12.5%), from €107,741 to €94,260
- Advances received +€7,801
new in 2025: €7,801
- Reserves +€4,029
new in 2025: €4,029
- Financial charges +€7,200
up €7,200 (+119.5%), from €6,025 to €13,224
- Financial income -€6,926
down €6,926 (-83.0%), from €8,342 to €1,416
- Taxes +€4,258
up €4,258 (+3051.6%), from €140 to €4,397
- Other operating charges +€3,204
up €3,204 (+2178.3%), from €147 to €3,351
- Gross operating margin -€919
down €919 (-1.4%), from €67,361 to €66,442
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 | €342,802 | €333,910 | -€8,892 | -2.6% |
| Fixed assets | 21/28 | €161,475 | €145,791 | -€15,684 | -9.7% |
| Tangible fixed assets | 22/27 | €160,425 | €144,741 | -€15,684 | -9.8% |
| Land and buildings | 22 | €153,150 | €136,325 | -€16,825 | -11.0% |
| Plant, machinery and equipment | 23 | €4,859 | €7,038 | +€2,180 | +44.9% |
| Furniture and vehicles | 24 | €2,416 | €1,377 | -€1,039 | -43.0% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €181,327 | €188,119 | +€6,792 | +3.7% |
| Stocks and contracts in progress | 3 | €145,284 | €148,394 | +€3,110 | +2.1% |
| Stocks | 30/36 | €145,284 | €148,394 | +€3,110 | +2.1% |
| Amounts receivable within one year | 40/41 | €1,173 | €1,741 | +€568 | +48.4% |
| Trade receivables | 40 | €1,173 | €1,655 | +€482 | +41.1% |
| Other amounts receivable | 41 | - | €85 | +€85 | |
| Cash at bank and in hand | 54/58 | €30,181 | €33,688 | +€3,507 | +11.6% |
| Deferred charges and accrued income | 490/1 | €4,689 | €4,297 | -€392 | -8.4% |
| Total equity and liabilities | 10/49 | €342,802 | €333,910 | -€8,892 | -2.6% |
| Equity | 10/15 | -€2,201 | €22,629 | +€24,830 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €4,029 | +€4,029 | |
| Distributable reserves | 133 | - | €4,029 | +€4,029 | |
| Profit (loss) carried forward | 14 | -€20,801 | €0 | +€20,801 | |
| Amounts payable | 17/49 | €345,003 | €311,281 | -€33,722 | -9.8% |
| Amounts payable after more than one year | 17 | €107,741 | €94,260 | -€13,481 | -12.5% |
| Financial debts | 170/4 | €107,741 | €94,260 | -€13,481 | -12.5% |
| Amounts payable within one year | 42/48 | €237,262 | €217,021 | -€20,241 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €13,008 | €13,481 | +€473 | +3.6% |
| Financial debts | 43 | - | €126 | +€126 | |
| Credit institutions | 430/8 | - | €126 | +€126 | |
| Trade debts | 44 | €3,045 | €6,012 | +€2,967 | +97.4% |
| Suppliers | 440/4 | €3,045 | €6,012 | +€2,967 | +97.4% |
| Advances received on contracts in progress | 46 | - | €7,801 | +€7,801 | |
| Taxes, remuneration and social security | 45 | €18,417 | €15,021 | -€3,396 | -18.4% |
| Taxes | 450/3 | €14,417 | €13,184 | -€1,233 | -8.6% |
| Remuneration and social security | 454/9 | €4,000 | €1,837 | -€2,163 | -54.1% |
| Other amounts payable | 47/48 | €202,792 | €174,580 | -€28,212 | -13.9% |
| Remuneration, social security and pensions | 62 | - | €694 | +€694 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,969 | €21,362 | +€393 | +1.9% |
| Other operating charges | 640/8 | €147 | €3,351 | +€3,204 | +2178.3% |
| Gross operating margin | 9900 | €67,361 | €66,442 | -€919 | -1.4% |
| Operating profit (loss) | 9901 | €46,245 | €41,035 | -€5,210 | -11.3% |
| Financial income | 75/76B | €8,342 | €1,416 | -€6,926 | -83.0% |
| Recurring financial income | 75 | €8,342 | €1,416 | -€6,926 | -83.0% |
| Financial charges | 65/66B | €6,025 | €13,224 | +€7,200 | +119.5% |
| Recurring financial charges | 65 | €6,025 | €13,224 | +€7,200 | +119.5% |
| Profit (loss) for the period before taxes | 9903 | €48,562 | €29,227 | -€19,335 | -39.8% |
| Income taxes | 67/77 | €140 | €4,397 | +€4,258 | +3051.6% |
| Profit (loss) for the period | 9904 | €48,423 | €24,830 | -€23,593 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,423 | €24,830 | -€23,593 | -48.7% |
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 5 October 2026 via checked.be.