HUBERT SERVICES 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 SERVICES MANAGEMENT
Largest movements
- Cash +€20,766
up €20,766 (+48.7%), from €42,646 to €63,413
mainly Net result for the year (+€18,921) and Receivables within one year (+€3,772)
- Receivables within one year -€3,772
no longer reported in 2025 (was €3,772)
- Reserves +€18,920
up €18,920 (+50.5%), from €37,467 to €56,387
- Tax, wage and social debts -€1,245
down €1,245 (-31.1%), from €4,006 to €2,761
- Other debts -€980
down €980 (-63.8%), from €1,537 to €557
- Gross operating margin +€7,902
up €7,902 (+36.5%), from €21,623 to €29,525
- Taxes +€3,828
up €3,828 (+61.5%), from €6,228 to €10,056
- Other operating charges -€450
down €450 (-67.9%), from €663 to €213
- Depreciation -€382
down €382 (-61.0%), from €626 to €244
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 | €48,329 | €65,144 | +€16,815 | +34.8% |
| Fixed assets | 21/28 | €244 | - | -€244 | |
| Tangible fixed assets | 22/27 | €244 | - | -€244 | |
| Furniture and vehicles | 24 | €244 | - | -€244 | |
| Current assets | 29/58 | €48,085 | €65,144 | +€17,059 | +35.5% |
| Amounts receivable within one year | 40/41 | €3,772 | - | -€3,772 | |
| Other amounts receivable | 41 | €3,772 | - | -€3,772 | |
| Cash at bank and in hand | 54/58 | €42,646 | €63,413 | +€20,766 | +48.7% |
| Deferred charges and accrued income | 490/1 | €1,666 | €1,731 | +€65 | +3.9% |
| Total equity and liabilities | 10/49 | €48,329 | €65,144 | +€16,815 | +34.8% |
| Equity | 10/15 | €42,469 | €61,389 | +€18,921 | +44.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €37,467 | €56,387 | +€18,920 | +50.5% |
| Distributable reserves | 133 | €37,467 | €56,387 | +€18,920 | +50.5% |
| Profit (loss) carried forward | 14 | €2 | €2 | +€1 | +40.3% |
| Amounts payable | 17/49 | €5,860 | €3,754 | -€2,106 | -35.9% |
| Amounts payable within one year | 42/48 | €5,860 | €3,754 | -€2,106 | -35.9% |
| Trade debts | 44 | €318 | €437 | +€119 | +37.5% |
| Suppliers | 440/4 | €318 | €437 | +€119 | +37.5% |
| Taxes, remuneration and social security | 45 | €4,006 | €2,761 | -€1,245 | -31.1% |
| Taxes | 450/3 | €4,006 | €2,761 | -€1,245 | -31.1% |
| Other amounts payable | 47/48 | €1,537 | €557 | -€980 | -63.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €626 | €244 | -€382 | -61.0% |
| Other operating charges | 640/8 | €663 | €213 | -€450 | -67.9% |
| Gross operating margin | 9900 | €21,623 | €29,525 | +€7,902 | +36.5% |
| Operating profit (loss) | 9901 | €20,334 | €29,068 | +€8,734 | +43.0% |
| Financial charges | 65/66B | €50 | €92 | +€42 | +82.4% |
| Recurring financial charges | 65 | €50 | €92 | +€42 | +82.4% |
| Profit (loss) for the period before taxes | 9903 | €20,284 | €28,976 | +€8,693 | +42.9% |
| Income taxes | 67/77 | €6,228 | €10,056 | +€3,828 | +61.5% |
| Profit (loss) for the period | 9904 | €14,056 | €18,921 | +€4,864 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,056 | €18,921 | +€4,864 | +34.6% |
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 16 October 2026 via checked.be.