HUBERT MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year -€205,195
down €205,195 (-91.6%), from €223,971 to €18,776
of which Other amounts receivable: -€206,874
- Deferred charges and accrued income -€3,815
no longer reported in 2025 (was €3,815)
- Profit (loss) carried forward -€296,744
down €296,744 (-90.1%), from €329,507 to €32,763
- Other debts +€109,784
new in 2025: €109,784
- Tax, wage and social debts -€22,207
down €22,207 (-99.6%), from €22,286 to €79
- Financial income -€10,679
down €10,679 (-98.5%), from €10,840 to €161
- Gross operating margin +€2,506
up €2,506 (+1.6%), from €156,444 to €158,949
- Taxes -€1,799
down €1,799 (-4.9%), from €36,705 to €34,907
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €354,210 | €144,686 | -€209,524 | -59.2% |
| Fixed assets | 21/28 | €25,262 | €22,708 | -€2,555 | -10.1% |
| Tangible fixed assets | 22/27 | €25,262 | €22,708 | -€2,555 | -10.1% |
| Plant, machinery and equipment | 23 | €10,212 | €9,012 | -€1,200 | -11.8% |
| Furniture and vehicles | 24 | €15,051 | €13,696 | -€1,355 | -9.0% |
| Current assets | 29/58 | €328,948 | €121,978 | -€206,969 | -62.9% |
| Amounts receivable within one year | 40/41 | €223,971 | €18,776 | -€205,195 | -91.6% |
| Trade receivables | 40 | €13,941 | €15,619 | +€1,679 | +12.0% |
| Other amounts receivable | 41 | €210,031 | €3,156 | -€206,874 | -98.5% |
| Cash at bank and in hand | 54/58 | €101,161 | €103,203 | +€2,042 | +2.0% |
| Deferred charges and accrued income | 490/1 | €3,815 | - | -€3,815 | |
| Total equity and liabilities | 10/49 | €354,210 | €144,686 | -€209,524 | -59.2% |
| Equity | 10/15 | €331,507 | €34,763 | -€296,744 | -89.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €329,507 | €32,763 | -€296,744 | -90.1% |
| Amounts payable | 17/49 | €22,703 | €109,923 | +€87,220 | +384% |
| Amounts payable within one year | 42/48 | €22,703 | €109,923 | +€87,220 | +384% |
| Trade debts | 44 | €417 | €60 | -€357 | -85.7% |
| Suppliers | 440/4 | €417 | €60 | -€357 | -85.7% |
| Taxes, remuneration and social security | 45 | €22,286 | €79 | -€22,207 | -99.6% |
| Taxes | 450/3 | €22,286 | €79 | -€22,207 | -99.6% |
| Other amounts payable | 47/48 | - | €109,784 | +€109,784 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,075 | €6,220 | +€145 | +2.4% |
| Gross operating margin | 9900 | €156,444 | €158,949 | +€2,506 | +1.6% |
| Operating profit (loss) | 9901 | €150,368 | €152,729 | +€2,361 | +1.6% |
| Financial income | 75/76B | €10,840 | €161 | -€10,679 | -98.5% |
| Recurring financial income | 75 | €10,840 | €161 | -€10,679 | -98.5% |
| Financial charges | 65/66B | €707 | €728 | +€21 | +3.0% |
| Recurring financial charges | 65 | €707 | €728 | +€21 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €160,502 | €152,163 | -€8,339 | -5.2% |
| Income taxes | 67/77 | €36,705 | €34,907 | -€1,799 | -4.9% |
| Profit (loss) for the period | 9904 | €123,796 | €117,256 | -€6,540 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €123,796 | €117,256 | -€6,540 | -5.3% |
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 18 October 2026 via checked.be.