HUBE: 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.
HUBE
Largest movements
- Cash -€7,844
down €7,844 (-94.9%), from €8,262 to €418
mainly Net result for the year (-€26,519) and Trade debts (-€2,203)
- Tangible fixed assets -€3,947
down €3,947 (-3.1%), from €125,724 to €121,777
of which Land and buildings: -€3,792
- Profit (loss) carried forward -€26,519
down €26,519 (-20.4%), from -€130,040 to -€156,559
- Debts after one year +€17,024
up €17,024 (+46.2%), from €36,857 to €53,881
- Trade debts -€2,203
down €2,203 (-98.2%), from €2,244 to €40
- Other operating charges +€9,591
up €9,591 (+165.3%), from €5,804 to €15,395
- Gross operating margin -€6,843
down €6,843, from €3,345 to -€3,498
- Depreciation -€1,615
down €1,615 (-29.0%), from €5,563 to €3,947
- Financial charges -€200
down €200 (-5.2%), from €3,879 to €3,679
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,668 | €122,905 | -€11,763 | -8.7% |
| Fixed assets | 21/28 | €125,799 | €121,851 | -€3,947 | -3.1% |
| Tangible fixed assets | 22/27 | €125,724 | €121,777 | -€3,947 | -3.1% |
| Land and buildings | 22 | €125,412 | €121,621 | -€3,792 | -3.0% |
| Plant, machinery and equipment | 23 | €312 | €156 | -€156 | -50.0% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €8,870 | €1,054 | -€7,816 | -88.1% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €8,262 | €418 | -€7,844 | -94.9% |
| Deferred charges and accrued income | 490/1 | €607 | €636 | +€28 | +4.7% |
| Total equity and liabilities | 10/49 | €134,668 | €122,905 | -€11,763 | -8.7% |
| Equity | 10/15 | €91,512 | €64,993 | -€26,519 | -29.0% |
| Contributions | 10/11 | €192,000 | €192,000 | = | 0.0% |
| Reserves | 13 | €29,551 | €29,551 | = | 0.0% |
| Non-distributable reserves | 130/1 | €29,551 | €29,551 | = | 0.0% |
| Reserves not available under the articles | 1311 | €29,551 | €29,551 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,040 | -€156,559 | -€26,519 | -20.4% |
| Amounts payable | 17/49 | €43,156 | €57,912 | +€14,756 | +34.2% |
| Amounts payable after more than one year | 17 | €36,857 | €53,881 | +€17,024 | +46.2% |
| Other amounts payable | 178/9 | €36,857 | €53,881 | +€17,024 | +46.2% |
| Amounts payable within one year | 42/48 | €2,244 | €40 | -€2,203 | -98.2% |
| Trade debts | 44 | €2,244 | €40 | -€2,203 | -98.2% |
| Suppliers | 440/4 | €2,244 | €40 | -€2,203 | -98.2% |
| Accrued charges and deferred income | 492/3 | €4,055 | €3,991 | -€65 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,563 | €3,947 | -€1,615 | -29.0% |
| Other operating charges | 640/8 | €5,804 | €15,395 | +€9,591 | +165.3% |
| Gross operating margin | 9900 | €3,345 | -€3,498 | -€6,843 | |
| Operating profit (loss) | 9901 | -€8,021 | -€22,840 | -€14,819 | -184.7% |
| Financial charges | 65/66B | €3,879 | €3,679 | -€200 | -5.2% |
| Recurring financial charges | 65 | €3,879 | €3,679 | -€200 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,901 | -€26,519 | -€14,619 | -122.8% |
| Profit (loss) for the period | 9904 | -€11,901 | -€26,519 | -€14,619 | -122.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,901 | -€26,519 | -€14,619 | -122.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.