HUBERT MULTI SERVICES: 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.
HUBERT MULTI SERVICES
Largest movements
- Tangible fixed assets +€130,414
up €130,414 (+41.9%), from €310,910 to €441,324
of which Leasing and similar rights: +€87,777
- Receivables within one year -€76,108
down €76,108 (-34.5%), from €220,726 to €144,618
of which Trade receivables: -€76,571
- Cash -€45,104
down €45,104 (-62.4%), from €72,326 to €27,222
mainly Investment in fixed assets (net) (-€262,574) and Trade debts (-€59,343)
- Trade debts -€59,343
down €59,343 (-50.9%), from €116,603 to €57,260
- Debts after one year +€34,636
up €34,636 (+19.0%), from €182,350 to €216,987
- Other debts -€34,115
down €34,115 (-31.7%), from €107,600 to €73,485
- Tax, wage and social debts +€31,140
up €31,140 (+62.1%), from €50,148 to €81,287
of which Taxes: +€22,392
- Profit (loss) carried forward +€22,765
up €22,765 (+43.0%), from -€52,909 to -€30,144
- Depreciation +€32,386
up €32,386 (+32.5%), from €99,774 to €132,159
- Taxes -€29,248
down €29,248 (-81.5%), from €35,899 to €6,651
- Gross operating margin -€27,329
down €27,329 (-8.2%), from €333,420 to €306,091
- Financial income -€18,250
down €18,250 (-96.2%), from €18,975 to €725
of which Non-recurring financial income: -€18,756
- Staff costs +€12,706
up €12,706 (+12.7%), from €99,916 to €112,623
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.
Cash bridge derived
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 | €610,436 | €618,363 | +€7,927 | +1.3% |
| Fixed assets | 21/28 | €310,910 | €441,324 | +€130,414 | +41.9% |
| Tangible fixed assets | 22/27 | €310,910 | €441,324 | +€130,414 | +41.9% |
| Plant, machinery and equipment | 23 | €19,701 | €11,708 | -€7,992 | -40.6% |
| Furniture and vehicles | 24 | €38,625 | €89,254 | +€50,629 | +131.1% |
| Leasing and similar rights | 25 | €252,585 | €340,362 | +€87,777 | +34.8% |
| Current assets | 29/58 | €299,526 | €177,039 | -€122,488 | -40.9% |
| Stocks and contracts in progress | 3 | €2,536 | €2,536 | = | 0.0% |
| Stocks | 30/36 | €2,536 | €2,536 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €220,726 | €144,618 | -€76,108 | -34.5% |
| Trade receivables | 40 | €220,726 | €144,155 | -€76,571 | -34.7% |
| Other amounts receivable | 41 | €0 | €463 | +€463 | |
| Cash at bank and in hand | 54/58 | €72,326 | €27,222 | -€45,104 | -62.4% |
| Deferred charges and accrued income | 490/1 | €3,938 | €2,663 | -€1,276 | -32.4% |
| Total equity and liabilities | 10/49 | €610,436 | €618,363 | +€7,927 | +1.3% |
| Equity | 10/15 | €71,247 | €94,012 | +€22,765 | +32.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €105,555 | €105,555 | = | 0.0% |
| Non-distributable reserves | 130/1 | €278 | €278 | = | 0.0% |
| Reserves not available under the articles | 1311 | €278 | €278 | = | 0.0% |
| Distributable reserves | 133 | €105,278 | €105,278 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,909 | -€30,144 | +€22,765 | +43.0% |
| Amounts payable | 17/49 | €539,190 | €524,351 | -€14,839 | -2.8% |
| Amounts payable after more than one year | 17 | €182,350 | €216,987 | +€34,636 | +19.0% |
| Financial debts | 170/4 | €182,350 | €216,987 | +€34,636 | +19.0% |
| Amounts payable within one year | 42/48 | €356,840 | €307,261 | -€49,578 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €78,627 | €95,229 | +€16,602 | +21.1% |
| Trade debts | 44 | €116,603 | €57,260 | -€59,343 | -50.9% |
| Suppliers | 440/4 | €116,603 | €57,260 | -€59,343 | -50.9% |
| Advances received on contracts in progress | 46 | €3,862 | €0 | -€3,862 | -100.0% |
| Taxes, remuneration and social security | 45 | €50,148 | €81,287 | +€31,140 | +62.1% |
| Taxes | 450/3 | €38,411 | €60,803 | +€22,392 | +58.3% |
| Remuneration and social security | 454/9 | €11,737 | €20,484 | +€8,748 | +74.5% |
| Other amounts payable | 47/48 | €107,600 | €73,485 | -€34,115 | -31.7% |
| Accrued charges and deferred income | 492/3 | - | €104 | +€104 | |
| Remuneration, social security and pensions | 62 | €99,916 | €112,623 | +€12,706 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,774 | €132,159 | +€32,386 | +32.5% |
| Other operating charges | 640/8 | €6,954 | €9,302 | +€2,348 | +33.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €333,420 | €306,091 | -€27,329 | -8.2% |
| Operating profit (loss) | 9901 | €126,776 | €52,007 | -€74,768 | -59.0% |
| Financial income | 75/76B | €18,975 | €725 | -€18,250 | -96.2% |
| Recurring financial income | 75 | €218 | €725 | +€506 | +231.9% |
| Non-recurring financial income | 76B | €18,756 | €0 | -€18,756 | -100.0% |
| Financial charges | 65/66B | €11,881 | €23,316 | +€11,435 | +96.2% |
| Recurring financial charges | 65 | €11,881 | €23,316 | +€11,435 | +96.2% |
| Profit (loss) for the period before taxes | 9903 | €133,869 | €29,416 | -€104,453 | -78.0% |
| Income taxes | 67/77 | €35,899 | €6,651 | -€29,248 | -81.5% |
| Profit (loss) for the period | 9904 | €97,970 | €22,765 | -€75,205 | -76.8% |
| Profit (loss) for the period to be appropriated | 9905 | €97,970 | €22,765 | -€75,205 | -76.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.