HUBERT TOITURES: 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 TOITURES
Largest movements
- Cash -€57,286
down €57,286 (-24.9%), from €230,143 to €172,857
mainly Contributions, distributions and other (-€77,581) and Investment in fixed assets (net) (-€37,098)
- Receivables within one year +€22,265
up €22,265 (+57.1%), from €38,980 to €61,245
of which Other amounts receivable: +€14,105
- Stocks and contracts +€9,598
up €9,598 (+28.2%), from €33,988 to €43,586
- Tangible fixed assets +€5,850
up €5,850 (+4.0%), from €145,790 to €151,640
of which Furniture and vehicles: +€20,365
- Reserves -€33,146
down €33,146 (-10.2%), from €324,457 to €291,311
- Debts after one year +€12,143
up €12,143 (+33.2%), from €36,545 to €48,688
- Gross operating margin -€100,085
down €100,085 (-38.8%), from €257,969 to €157,884
- Taxes -€31,638
down €31,638 (-65.4%), from €48,363 to €16,725
- Depreciation -€11,684
down €11,684 (-27.2%), from €42,932 to €31,248
- Staff costs +€8,836
up €8,836 (+15.4%), from €57,202 to €66,039
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 | €456,601 | €438,775 | -€17,825 | -3.9% |
| Fixed assets | 21/28 | €145,954 | €151,804 | +€5,850 | +4.0% |
| Tangible fixed assets | 22/27 | €145,790 | €151,640 | +€5,850 | +4.0% |
| Land and buildings | 22 | €118,908 | €105,240 | -€13,669 | -11.5% |
| Plant, machinery and equipment | 23 | €6,593 | €5,747 | -€846 | -12.8% |
| Furniture and vehicles | 24 | €20,288 | €40,653 | +€20,365 | +100% |
| Financial fixed assets | 28 | €164 | €164 | = | 0.0% |
| Current assets | 29/58 | €310,647 | €286,971 | -€23,675 | -7.6% |
| Stocks and contracts in progress | 3 | €33,988 | €43,586 | +€9,598 | +28.2% |
| Stocks | 30/36 | €33,988 | €43,586 | +€9,598 | +28.2% |
| Amounts receivable within one year | 40/41 | €38,980 | €61,245 | +€22,265 | +57.1% |
| Trade receivables | 40 | €29,285 | €37,445 | +€8,160 | +27.9% |
| Other amounts receivable | 41 | €9,695 | €23,800 | +€14,105 | +145% |
| Cash at bank and in hand | 54/58 | €230,143 | €172,857 | -€57,286 | -24.9% |
| Deferred charges and accrued income | 490/1 | €7,535 | €9,284 | +€1,748 | +23.2% |
| Total equity and liabilities | 10/49 | €456,601 | €438,775 | -€17,825 | -3.9% |
| Equity | 10/15 | €330,478 | €296,640 | -€33,838 | -10.2% |
| Reserves | 13 | €324,457 | €291,311 | -€33,146 | -10.2% |
| Distributable reserves | 133 | €324,457 | €291,311 | -€33,146 | -10.2% |
| Investment grants | 15 | €6,021 | €5,329 | -€692 | -11.5% |
| Amounts payable | 17/49 | €126,123 | €142,135 | +€16,012 | +12.7% |
| Amounts payable after more than one year | 17 | €36,545 | €48,688 | +€12,143 | +33.2% |
| Financial debts | 170/4 | €36,545 | €48,688 | +€12,143 | +33.2% |
| Amounts payable within one year | 42/48 | €85,577 | €89,447 | +€3,870 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €18,221 | €18,265 | +€43 | +0.2% |
| Trade debts | 44 | €23,409 | €23,384 | -€25 | -0.1% |
| Suppliers | 440/4 | €23,409 | €23,384 | -€25 | -0.1% |
| Taxes, remuneration and social security | 45 | €31,509 | €33,248 | +€1,739 | +5.5% |
| Taxes | 450/3 | €28,635 | €28,767 | +€132 | +0.5% |
| Remuneration and social security | 454/9 | €2,874 | €4,481 | +€1,607 | +55.9% |
| Other amounts payable | 47/48 | €12,439 | €14,551 | +€2,112 | +17.0% |
| Accrued charges and deferred income | 492/3 | €4,000 | €4,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €334 | +€334 | |
| Remuneration, social security and pensions | 62 | €57,202 | €66,039 | +€8,836 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,932 | €31,248 | -€11,684 | -27.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,800 | - | +€1,800 | |
| Other operating charges | 640/8 | €1,919 | €1,761 | -€158 | -8.2% |
| Gross operating margin | 9900 | €257,969 | €157,884 | -€100,085 | -38.8% |
| Operating profit (loss) | 9901 | €157,715 | €58,836 | -€98,879 | -62.7% |
| Financial income | 75/76B | €5,023 | €4,197 | -€826 | -16.4% |
| Recurring financial income | 75 | €5,023 | €4,197 | -€826 | -16.4% |
| Financial charges | 65/66B | €2,305 | €2,565 | +€260 | +11.3% |
| Recurring financial charges | 65 | €2,305 | €2,565 | +€260 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €160,434 | €60,468 | -€99,965 | -62.3% |
| Transfer from deferred taxes | 780 | €771 | - | -€771 | |
| Income taxes | 67/77 | €48,363 | €16,725 | -€31,638 | -65.4% |
| Profit (loss) for the period | 9904 | €112,842 | €43,743 | -€69,099 | -61.2% |
| Transfer from tax-exempt reserves | 789 | €3,086 | - | -€3,086 | |
| Profit (loss) for the period to be appropriated | 9905 | €115,928 | €43,743 | -€72,184 | -62.3% |
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 20 October 2026 via checked.be.