HUBERT Construct: 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.
HUBERT Construct
Largest movements
- Receivables within one year -€14,621
down €14,621 (-48.1%), from €30,429 to €15,808
of which Trade receivables: -€14,478
- Cash -€13,204
no longer reported in 2023 (was €13,204)
mainly Net result for the year (-€21,217) and Trade debts (-€14,161)
- Tangible fixed assets -€1,013
down €1,013 (-30.2%), from €3,358 to €2,345
of which Plant, machinery and equipment: -€604
- Profit (loss) carried forward -€21,217
down €21,217 (-94.2%), from -€22,515 to -€43,732
- Trade debts -€14,161
down €14,161 (-72.4%), from €19,552 to €5,391
- Other debts +€6,613
up €6,613 (+21.1%), from €31,323 to €37,936
- Gross operating margin -€6,929
down €6,929 (-62.9%), from -€11,022 to -€17,951
- Depreciation -€1,885
down €1,885 (-45.0%), from €4,185 to €2,300
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,556 | €18,700 | -€28,856 | -60.7% |
| Fixed assets | 21/28 | €3,358 | €2,345 | -€1,013 | -30.2% |
| Tangible fixed assets | 22/27 | €3,358 | €2,345 | -€1,013 | -30.2% |
| Plant, machinery and equipment | 23 | €1,229 | €624 | -€604 | -49.2% |
| Furniture and vehicles | 24 | €2,130 | €1,720 | -€409 | -19.2% |
| Current assets | 29/58 | €44,197 | €16,355 | -€27,842 | -63.0% |
| Amounts receivable within one year | 40/41 | €30,429 | €15,808 | -€14,621 | -48.1% |
| Trade receivables | 40 | €29,661 | €15,183 | -€14,478 | -48.8% |
| Other amounts receivable | 41 | €767 | €624 | -€143 | -18.6% |
| Cash at bank and in hand | 54/58 | €13,204 | - | -€13,204 | |
| Deferred charges and accrued income | 490/1 | €565 | €548 | -€17 | -3.0% |
| Total equity and liabilities | 10/49 | €47,556 | €18,700 | -€28,856 | -60.7% |
| Equity | 10/15 | -€3,429 | -€24,646 | -€21,217 | -619% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €486 | €486 | = | 0.0% |
| Non-distributable reserves | 130/1 | €486 | €486 | = | 0.0% |
| Reserves not available under the articles | 1311 | €486 | €486 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,515 | -€43,732 | -€21,217 | -94.2% |
| Amounts payable | 17/49 | €50,985 | €43,346 | -€7,639 | -15.0% |
| Amounts payable within one year | 42/48 | €50,985 | €43,346 | -€7,639 | -15.0% |
| Financial debts | 43 | - | €19 | +€19 | |
| Credit institutions | 430/8 | - | €19 | +€19 | |
| Trade debts | 44 | €19,552 | €5,391 | -€14,161 | -72.4% |
| Suppliers | 440/4 | €19,552 | €5,391 | -€14,161 | -72.4% |
| Taxes, remuneration and social security | 45 | €110 | €0 | -€110 | -100.0% |
| Taxes | 450/3 | €110 | €0 | -€110 | -100.0% |
| Other amounts payable | 47/48 | €31,323 | €37,936 | +€6,613 | +21.1% |
| Non-recurring operating income | 76A | €600 | - | -€600 | |
| Remuneration, social security and pensions | 62 | - | €8 | +€8 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,185 | €2,300 | -€1,885 | -45.0% |
| Other operating charges | 640/8 | €740 | €706 | -€34 | -4.6% |
| Gross operating margin | 9900 | -€11,022 | -€17,951 | -€6,929 | -62.9% |
| Operating profit (loss) | 9901 | -€15,947 | -€20,964 | -€5,017 | -31.5% |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Financial charges | 65/66B | €249 | €253 | +€4 | +1.5% |
| Recurring financial charges | 65 | €249 | €253 | +€4 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,181 | -€21,217 | -€5,035 | -31.1% |
| Profit (loss) for the period | 9904 | -€16,181 | -€21,217 | -€5,035 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,181 | -€21,217 | -€5,035 | -31.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2022 and 30 September 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.