Hubert HERBAUX: what changed
What changed
Hubert HERBAUX
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
-€3,786
2024 · -€24,114+€20,328
Equity
€319,444
2024 · €323,547-€4,103
Cash
€16,767
2024 · €8,112+€8,655
Balance sheet total
€325,135
2024 · €332,101-€6,966
Largest movements
Assets
- Receivables after one year -€12,734
down €12,734 (-12.5%), from €101,867 to €89,133
- Tangible fixed assets -€11,110
down €11,110 (-31.9%), from €34,857 to €23,747
of which Plant, machinery and equipment: -€6,053
- Stocks and contracts +€8,790
up €8,790 (+9.8%), from €89,844 to €98,634
- Cash +€8,655
up €8,655 (+107%), from €8,112 to €16,767
mainly Receivables after one year (+€12,734) and Depreciation (+€11,110)
Equity and liabilities
- Profit (loss) carried forward -€3,786
down €3,786 (-2.0%), from €193,098 to €189,312
Income statement
- Gross operating margin +€19,575
up €19,575, from -€12,266 to €7,309
- Depreciation -€1,495
down €1,495 (-11.9%), from €12,605 to €11,110
- Other operating charges +€891
up €891 (+29.4%), from €3,030 to €3,921
- Financial income +€147
up €147 (+3.2%), from €4,632 to €4,779
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€24,114
Gross operating margin
+€19,575
Staff costs
-€0
Depreciation
+€1,495
Other operating charges
-€891
Financial income
+€147
Financial charges
-€10
Taxes
+€12
Result 2025
-€3,786
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€8,973
Investment
-€1
Financing
-€317
Cash 2024
€8,112
From operations (derived)
+€8,973
Net result for the year
-€3,786
Depreciation
+€11,110
Receivables after one year
+€12,734
Stocks and contracts
-€8,790
Receivables within one year
+€1,110
Deferred charges and accrued income
-€542
Trade debts
-€2,863
Investment (derived)
-€1
Investment in fixed assets (net)
-€0
Current investments
-€0
Financing
-€317
Contributions, distributions and other
-€317
Cash 2025
€16,767
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €332,101 | €325,135 | -€6,966 | -2.1% |
| Fixed assets | 21/28 | €36,295 | €25,185 | -€11,110 | -30.6% |
| Tangible fixed assets | 22/27 | €34,857 | €23,747 | -€11,110 | -31.9% |
| Land and buildings | 22 | €14,654 | €11,037 | -€3,617 | -24.7% |
| Plant, machinery and equipment | 23 | €18,376 | €12,323 | -€6,053 | -32.9% |
| Furniture and vehicles | 24 | €1,827 | €387 | -€1,440 | -78.8% |
| Financial fixed assets | 28 | €1,438 | €1,438 | = | 0.0% |
| Current assets | 29/58 | €295,806 | €299,950 | +€4,144 | +1.4% |
| Amounts receivable after more than one year | 29 | €101,867 | €89,133 | -€12,734 | -12.5% |
| Other amounts receivable | 291 | €101,867 | €89,133 | -€12,734 | -12.5% |
| Stocks and contracts in progress | 3 | €89,844 | €98,634 | +€8,790 | +9.8% |
| Stocks | 30/36 | €89,844 | €98,634 | +€8,790 | +9.8% |
| Amounts receivable within one year | 40/41 | €74,113 | €73,003 | -€1,110 | -1.5% |
| Trade receivables | 40 | €23,752 | €10,600 | -€13,152 | -55.4% |
| Other amounts receivable | 41 | €50,361 | €62,403 | +€12,042 | +23.9% |
| Current investments | 50/53 | €702 | €702 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €8,112 | €16,767 | +€8,655 | +107% |
| Deferred charges and accrued income | 490/1 | €21,168 | €21,710 | +€542 | +2.6% |
| Total equity and liabilities | 10/49 | €332,101 | €325,135 | -€6,966 | -2.1% |
| Equity | 10/15 | €323,547 | €319,444 | -€4,103 | -1.3% |
| Contributions | 10/11 | €24,789 | €24,789 | +€0 | 0.0% |
| Contributions outside capital | 11 | €24,789 | €24,789 | +€0 | 0.0% |
| Other | 1109/19 | €24,789 | €24,789 | +€0 | 0.0% |
| Reserves | 13 | €102,098 | €102,098 | +€0 | 0.0% |
| Distributable reserves | 133 | €102,098 | €102,098 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €193,098 | €189,312 | -€3,786 | -2.0% |
| Investment grants | 15 | €3,562 | €3,244 | -€318 | -8.9% |
| Amounts payable | 17/49 | €8,554 | €5,691 | -€2,863 | -33.5% |
| Amounts payable within one year | 42/48 | €8,554 | €5,691 | -€2,863 | -33.5% |
| Trade debts | 44 | €8,554 | €5,691 | -€2,863 | -33.5% |
| Suppliers | 440/4 | €8,554 | €5,691 | -€2,863 | -33.5% |
| Remuneration, social security and pensions | 62 | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,605 | €11,110 | -€1,495 | -11.9% |
| Other operating charges | 640/8 | €3,030 | €3,921 | +€891 | +29.4% |
| Gross operating margin | 9900 | -€12,266 | €7,309 | +€19,575 | |
| Operating profit (loss) | 9901 | -€27,901 | -€7,723 | +€20,178 | +72.3% |
| Financial income | 75/76B | €4,632 | €4,779 | +€147 | +3.2% |
| Recurring financial income | 75 | €4,632 | €4,779 | +€147 | +3.2% |
| Financial charges | 65/66B | €560 | €570 | +€10 | +1.7% |
| Recurring financial charges | 65 | €560 | €570 | +€10 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | -€23,829 | -€3,513 | +€20,316 | +85.3% |
| Income taxes | 67/77 | €285 | €273 | -€12 | -4.2% |
| Profit (loss) for the period | 9904 | -€24,114 | -€3,786 | +€20,328 | +84.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,114 | -€3,786 | +€20,328 | +84.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.