HUBEAL: 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.
HUBEAL
Largest movements
- Tangible fixed assets -€230,599
down €230,599 (-33.0%), from €697,876 to €467,277
- Cash +€27,113
up €27,113, from €0 to €27,113
mainly Investment in fixed assets (net) (+€209,671) and Depreciation (+€20,929)
- Profit (loss) carried forward -€110,685
down €110,685 (-37.1%), from -€298,231 to -€408,915
- Trade debts -€44,951
down €44,951 (-98.9%), from €45,455 to €505
- Tax, wage and social debts -€31,230
down €31,230 (-52.7%), from €59,302 to €28,072
- Debts after one year -€16,841
down €16,841 (-20.7%), from €81,321 to €64,480
- Other operating charges +€122,518
up €122,518 (+335%), from €36,526 to €159,044
- Gross operating margin +€100,191
up €100,191, from -€28,417 to €71,775
- Depreciation -€9,900
down €9,900 (-32.1%), from €30,828 to €20,929
- Financial income -€5,469
down €5,469 (-100%), from €5,469 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €804,061 | €600,803 | -€203,259 | -25.3% |
| Fixed assets | 21/28 | €697,876 | €467,277 | -€230,599 | -33.0% |
| Tangible fixed assets | 22/27 | €697,876 | €467,277 | -€230,599 | -33.0% |
| Land and buildings | 22 | €697,876 | €467,277 | -€230,599 | -33.0% |
| Current assets | 29/58 | €106,185 | €133,526 | +€27,341 | +25.7% |
| Amounts receivable within one year | 40/41 | €106,185 | €106,412 | +€227 | +0.2% |
| Trade receivables | 40 | - | €227 | +€227 | |
| Other amounts receivable | 41 | €106,185 | €106,185 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €0 | €27,113 | +€27,113 | |
| Total equity and liabilities | 10/49 | €804,061 | €600,803 | -€203,259 | -25.3% |
| Equity | 10/15 | €433,164 | €322,479 | -€110,685 | -25.6% |
| Contributions | 10/11 | €728,900 | €728,900 | = | 0.0% |
| Reserves | 13 | €2,494 | €2,494 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,494 | €2,494 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,494 | €2,494 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€298,231 | -€408,915 | -€110,685 | -37.1% |
| Amounts payable | 17/49 | €370,897 | €278,323 | -€92,574 | -25.0% |
| Amounts payable after more than one year | 17 | €81,321 | €64,480 | -€16,841 | -20.7% |
| Financial debts | 170/4 | €81,321 | €64,480 | -€16,841 | -20.7% |
| Amounts payable within one year | 42/48 | €289,576 | €213,843 | -€75,733 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €16,339 | €16,776 | +€437 | +2.7% |
| Trade debts | 44 | €45,455 | €505 | -€44,951 | -98.9% |
| Suppliers | 440/4 | €45,455 | €505 | -€44,951 | -98.9% |
| Taxes, remuneration and social security | 45 | €59,302 | €28,072 | -€31,230 | -52.7% |
| Taxes | 450/3 | €59,302 | €28,072 | -€31,230 | -52.7% |
| Other amounts payable | 47/48 | €168,480 | €168,490 | +€9 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,828 | €20,929 | -€9,900 | -32.1% |
| Other operating charges | 640/8 | €36,526 | €159,044 | +€122,518 | +335% |
| Gross operating margin | 9900 | -€28,417 | €71,775 | +€100,191 | |
| Operating profit (loss) | 9901 | -€95,772 | -€108,198 | -€12,426 | -13.0% |
| Financial income | 75/76B | €5,469 | €0 | -€5,469 | -100% |
| Recurring financial income | 75 | €5,469 | €0 | -€5,469 | -100% |
| Financial charges | 65/66B | €2,828 | €2,487 | -€341 | -12.1% |
| Recurring financial charges | 65 | €2,828 | €2,487 | -€341 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | -€93,130 | -€110,685 | -€17,554 | -18.8% |
| Profit (loss) for the period | 9904 | -€93,130 | -€110,685 | -€17,554 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€93,130 | -€110,685 | -€17,554 | -18.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.