HUBBIE: 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.
What changed
HUBBIE
NACE 87.202, Residential care activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€118,656
2024 · €196,231-€77,575
Equity
€7.1m
2024 · €7.2m-€75,930
Cash
€1.6m
2024 · €1.7m-€42,496
Balance sheet total
€10.1m
2024 · €10.2m-€178,384
Largest movements
Assets
- Tangible fixed assets -€234,951
down €234,951 (-4.1%), from €5.7m to €5.5m
of which Land and buildings: -€125,397
- Receivables within one year +€201,148
up €201,148 (+38.1%), from €527,576 to €728,724
of which Other amounts receivable: +€188,159
- Receivables after one year -€104,959
down €104,959 (-14.3%), from €734,710 to €629,751
Equity and liabilities
- Reserves +€484,818
up €484,818 (+32.7%), from €1.5m to €2.0m
- Profit (loss) carried forward -€366,162
down €366,162 (-33.9%), from €1.1m to €715,105
- Investment grants -€194,586
down €194,586 (-4.7%), from €4.1m to €4.0m
- Debts after one year -€144,593
down €144,593 (-9.3%), from €1.6m to €1.4m
Income statement
- Staff costs +€291,617
up €291,617 (+4.2%), from €6.9m to €7.2m
- Turnover +€31,200
up €31,200 (+5.7%), from €544,563 to €575,763
- Goods and materials +€23,861
up €23,861 (+5.5%), from €432,807 to €456,668
- Other operating income -€16,556
down €16,556 (-3.9%), from €425,390 to €408,834
- Other operating charges -€7,634
down €7,634 (-29.5%), from €25,843 to €18,209
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.
Result 2024
€196,231
Turnover
+€31,200
Other operating income
-€16,556
Goods and materials
-€23,861
Services and other goods
-€4,095
Staff costs
-€291,617
Depreciation
+€6,508
Write-downs
-€500
Other operating charges
+€7,634
Other operating items
+€215,253
Financial income
-€7,170
Financial charges
+€5,629
Result 2025
€118,656
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.
From operations
+€353,558
Investment
-€62,836
Financing
-€333,449
Cash 2024
€1.7m
From operations (derived)
+€353,558
Net result for the year
+€118,656
Depreciation
+€297,787
Receivables after one year
+€104,959
Receivables within one year
-€201,148
Deferred charges and accrued income
-€2,873
Trade debts
+€13,950
Tax, wage and social debts
+€26,255
Accrued charges and deferred income
-€4,028
Investment (derived)
-€62,836
Investment in fixed assets (net)
-€62,836
Financing
-€333,449
Debts after one year
-€144,593
Current portion of long-term debt
+€5,741
Short-term financial debts
-€11
Contributions, distributions and other
-€194,586
Not broken down
+€231
Cash 2025
€1.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,241,980 | €10,063,596 | -€178,384 | -1.7% |
| Fixed assets | 21/28 | €5,727,194 | €5,492,243 | -€234,951 | -4.1% |
| Tangible fixed assets | 22/27 | €5,727,194 | €5,492,243 | -€234,951 | -4.1% |
| Land and buildings | 22 | €3,592,492 | €3,467,095 | -€125,397 | -3.5% |
| Plant, machinery and equipment | 23 | €133,396 | €129,564 | -€3,833 | -2.9% |
| Furniture and vehicles | 24 | €58,283 | €49,055 | -€9,228 | -15.8% |
| Leasing and similar rights | 25 | €1,939,090 | €1,846,530 | -€92,560 | -4.8% |
| Assets under construction and advance payments | 27 | €3,933 | €0 | -€3,933 | -100.0% |
| Current assets | 29/58 | €4,514,786 | €4,571,352 | +€56,567 | +1.3% |
| Amounts receivable after more than one year | 29 | €734,710 | €629,751 | -€104,959 | -14.3% |
| Other amounts receivable | 291 | €734,710 | €629,751 | -€104,959 | -14.3% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €527,576 | €728,724 | +€201,148 | +38.1% |
| Trade receivables | 40 | €156,717 | €169,706 | +€12,989 | +8.3% |
| Other amounts receivable | 41 | €370,859 | €559,018 | +€188,159 | +50.7% |
| Current investments | 50/53 | €1,500,000 | €1,500,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,656,166 | €1,613,669 | -€42,496 | -2.6% |
| Deferred charges and accrued income | 490/1 | €96,335 | €99,208 | +€2,873 | +3.0% |
| Total equity and liabilities | 10/49 | €10,241,980 | €10,063,596 | -€178,384 | -1.7% |
| Equity | 10/15 | €7,153,097 | €7,077,168 | -€75,930 | -1.1% |
| Contributions | 10/11 | €442,169 | €442,169 | = | 0.0% |
| Capital | 10 | €442,169 | €442,169 | = | 0.0% |
| Reserves | 13 | €1,481,021 | €1,965,839 | +€484,818 | +32.7% |
| Profit (loss) carried forward | 14 | €1,081,267 | €715,105 | -€366,162 | -33.9% |
| Investment grants | 15 | €4,148,641 | €3,954,055 | -€194,586 | -4.7% |
| Amounts payable | 17/49 | €3,088,882 | €2,986,428 | -€102,455 | -3.3% |
| Amounts payable after more than one year | 17 | €1,556,844 | €1,412,251 | -€144,593 | -9.3% |
| Financial debts | 170/4 | €1,556,844 | €1,412,251 | -€144,593 | -9.3% |
| Credit institutions | 173 | €1,556,844 | €1,412,251 | -€144,593 | -9.3% |
| Amounts payable within one year | 42/48 | €1,446,561 | €1,492,728 | +€46,167 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €138,852 | €144,593 | +€5,741 | +4.1% |
| Financial debts | 43 | €11 | €0 | -€11 | -100.0% |
| Credit institutions | 430/8 | €11 | €0 | -€11 | -100.0% |
| Trade debts | 44 | €114,301 | €128,251 | +€13,950 | +12.2% |
| Suppliers | 440/4 | €114,301 | €128,251 | +€13,950 | +12.2% |
| Taxes, remuneration and social security | 45 | €1,192,709 | €1,218,964 | +€26,255 | +2.2% |
| Taxes | 450/3 | €250,200 | €253,821 | +€3,621 | +1.4% |
| Remuneration and social security | 454/9 | €942,509 | €965,143 | +€22,634 | +2.4% |
| Accrued charges and deferred income | 492/3 | €85,477 | €81,449 | -€4,028 | -4.7% |
| Operating income | 70/76A | €8,615,799 | €8,851,415 | +€235,615 | +2.7% |
| Turnover | 70 | €544,563 | €575,763 | +€31,200 | +5.7% |
| Membership fees, donations, legacies and grants | 73 | €7,642,516 | €7,866,100 | +€223,583 | +2.9% |
| Other operating income | 74 | €425,390 | €408,834 | -€16,556 | -3.9% |
| Non-recurring operating income | 76A | €3,330 | €718 | -€2,612 | -78.4% |
| Operating charges | 60/66A | €8,388,764 | €8,700,414 | +€311,650 | +3.7% |
| Goods for resale, raw materials and consumables | 60 | €432,807 | €456,668 | +€23,861 | +5.5% |
| Purchases | 600/8 | €432,807 | €456,668 | +€23,861 | +5.5% |
| Services and other goods | 61 | €678,700 | €682,796 | +€4,095 | +0.6% |
| Remuneration, social security and pensions | 62 | €6,946,723 | €7,238,340 | +€291,617 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €304,295 | €297,787 | -€6,508 | -2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €500 | +€500 | |
| Other operating charges | 640/8 | €25,843 | €18,209 | -€7,634 | -29.5% |
| Non-recurring operating charges | 66A | €396 | €6,114 | +€5,719 | +1444.6% |
| Operating profit (loss) | 9901 | €227,035 | €151,001 | -€76,034 | -33.5% |
| Financial income | 75/76B | €42,250 | €35,081 | -€7,170 | -17.0% |
| Recurring financial income | 75 | €42,250 | €35,081 | -€7,170 | -17.0% |
| Income from current assets | 751 | €41,972 | €35,070 | -€6,902 | -16.4% |
| Other financial income | 752/9 | €279 | €11 | -€268 | -96.2% |
| Financial charges | 65/66B | €73,054 | €67,426 | -€5,629 | -7.7% |
| Recurring financial charges | 65 | €73,054 | €67,426 | -€5,629 | -7.7% |
| Debt charges | 650 | €71,107 | €65,602 | -€5,505 | -7.7% |
| Other financial charges | 652/9 | €1,948 | €1,824 | -€124 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €196,231 | €118,656 | -€77,575 | -39.5% |
| Profit (loss) for the period | 9904 | €196,231 | €118,656 | -€77,575 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €196,231 | €118,656 | -€77,575 | -39.5% |
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 9 October 2026 via checked.be.