HUBERT SKA: 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 SKA
Largest movements
- Tangible fixed assets -€67,035
down €67,035 (-10.3%), from €647,733 to €580,698
of which Land and buildings: -€34,217
- Receivables within one year -€37,755
down €37,755 (-36.4%), from €103,810 to €66,055
of which Trade receivables: -€32,755
- Cash -€18,997
no longer reported in 2025 (was €18,997)
mainly Debts after one year (-€163,513) and Trade debts (-€38,839)
- Debts after one year -€163,513
down €163,513 (-60.0%), from €272,296 to €108,783
- Current portion of long-term debt +€43,385
up €43,385 (+90.5%), from €47,938 to €91,323
- Trade debts -€38,839
down €38,839 (-64.9%), from €59,833 to €20,994
- Profit (loss) carried forward +€27,518
up €27,518 (+12.1%), from €228,357 to €255,875
- Short-term financial debts +€21,269
new in 2025: €21,269
- Gross operating margin -€54,253
down €54,253 (-19.3%), from €281,105 to €226,852
- Taxes -€19,085
down €19,085 (-68.4%), from €27,904 to €8,819
- Staff costs -€15,084
down €15,084 (-30.8%), from €49,049 to €33,965
- Depreciation +€14,777
up €14,777 (+17.0%), from €86,989 to €101,766
- Other operating charges -€3,950
down €3,950 (-14.4%), from €27,390 to €23,440
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 | €771,332 | €647,438 | -€123,894 | -16.1% |
| Fixed assets | 21/28 | €647,783 | €580,748 | -€67,035 | -10.3% |
| Tangible fixed assets | 22/27 | €647,733 | €580,698 | -€67,035 | -10.3% |
| Land and buildings | 22 | €269,578 | €235,361 | -€34,217 | -12.7% |
| Plant, machinery and equipment | 23 | €354,875 | €345,337 | -€9,538 | -2.7% |
| Furniture and vehicles | 24 | €23,280 | - | -€23,280 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €123,549 | €66,690 | -€56,859 | -46.0% |
| Amounts receivable within one year | 40/41 | €103,810 | €66,055 | -€37,755 | -36.4% |
| Trade receivables | 40 | €73,810 | €41,055 | -€32,755 | -44.4% |
| Other amounts receivable | 41 | €30,000 | €25,000 | -€5,000 | -16.7% |
| Cash at bank and in hand | 54/58 | €18,997 | - | -€18,997 | |
| Deferred charges and accrued income | 490/1 | €742 | €635 | -€107 | -14.4% |
| Total equity and liabilities | 10/49 | €771,332 | €647,438 | -€123,894 | -16.1% |
| Equity | 10/15 | €334,246 | €361,764 | +€27,518 | +8.2% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €30,889 | €30,889 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,889 | €30,889 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Other | 1319 | €23,389 | €23,389 | = | 0.0% |
| Profit (loss) carried forward | 14 | €228,357 | €255,875 | +€27,518 | +12.1% |
| Amounts payable | 17/49 | €437,086 | €285,674 | -€151,412 | -34.6% |
| Amounts payable after more than one year | 17 | €272,296 | €108,783 | -€163,513 | -60.0% |
| Financial debts | 170/4 | €272,296 | €108,783 | -€163,513 | -60.0% |
| Amounts payable within one year | 42/48 | €164,790 | €176,834 | +€12,044 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €47,938 | €91,323 | +€43,385 | +90.5% |
| Financial debts | 43 | - | €21,269 | +€21,269 | |
| Credit institutions | 430/8 | - | €21,269 | +€21,269 | |
| Trade debts | 44 | €59,833 | €20,994 | -€38,839 | -64.9% |
| Suppliers | 440/4 | €59,833 | €20,994 | -€38,839 | -64.9% |
| Taxes, remuneration and social security | 45 | €55,359 | €41,815 | -€13,544 | -24.5% |
| Taxes | 450/3 | €51,999 | €41,815 | -€10,184 | -19.6% |
| Remuneration and social security | 454/9 | €3,360 | - | -€3,360 | |
| Other amounts payable | 47/48 | €1,660 | €1,433 | -€227 | -13.7% |
| Accrued charges and deferred income | 492/3 | - | €57 | +€57 | |
| Remuneration, social security and pensions | 62 | €49,049 | €33,965 | -€15,084 | -30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,989 | €101,766 | +€14,777 | +17.0% |
| Other operating charges | 640/8 | €27,390 | €23,440 | -€3,950 | -14.4% |
| Non-recurring operating charges | 66A | €6,519 | €14,381 | +€7,862 | +121% |
| Gross operating margin | 9900 | €281,105 | €226,852 | -€54,253 | -19.3% |
| Operating profit (loss) | 9901 | €111,158 | €53,300 | -€57,858 | -52.1% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €18,429 | €16,963 | -€1,466 | -8.0% |
| Recurring financial charges | 65 | €18,429 | €16,963 | -€1,466 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €92,731 | €36,337 | -€56,394 | -60.8% |
| Income taxes | 67/77 | €27,904 | €8,819 | -€19,085 | -68.4% |
| Profit (loss) for the period | 9904 | €64,827 | €27,518 | -€37,309 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €64,827 | €27,518 | -€37,309 | -57.6% |
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 15 October 2026 via checked.be.