Hubertus: 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.
Hubertus
Largest movements
- Cash -€4,530
down €4,530 (-49.9%), from €9,070 to €4,540
mainly Net result for the year (-€23,017) and Stocks and contracts (-€1,686)
- Intangible fixed assets -€2,784
down €2,784 (-12.5%), from €22,272 to €19,488
- Stocks and contracts +€1,686
up €1,686 (+38.7%), from €4,358 to €6,045
- Receivables within one year -€504
down €504 (-59.1%), from €853 to €349
of which Trade receivables: -€591
- Tangible fixed assets -€461
down €461 (-33.7%), from €1,367 to €906
of which Plant, machinery and equipment: -€333
- Profit (loss) carried forward -€23,017
down €23,017 (-40.1%), from -€57,431 to -€80,448
- Other debts +€5,371
up €5,371 (+12.3%), from €43,534 to €48,905
- Trade debts +€5,271
up €5,271 (+56.4%), from €9,351 to €14,622
- Tax, wage and social debts +€4,058
up €4,058 (+61.5%), from €6,600 to €10,658
of which Remuneration and social security: +€3,841
- Short-term financial debts +€1,999
up €1,999 (+98.0%), from €2,040 to €4,040
- Taxes -€12,000
no longer reported in 2025 (was €12,000)
- Staff costs -€11,432
down €11,432 (-15.4%), from €74,410 to €62,977
- Gross operating margin +€9,031
up €9,031 (+24.5%), from €36,803 to €45,834
- Financial charges -€4,490
down €4,490 (-87.8%), from €5,115 to €625
- Financial income -€2,242
down €2,242 (-100.0%), from €2,243 to €1
of which Non-recurring financial income: -€2,242
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 | €38,895 | €32,576 | -€6,319 | -16.2% |
| Fixed assets | 21/28 | €23,639 | €20,394 | -€3,245 | -13.7% |
| Intangible fixed assets | 21 | €22,272 | €19,488 | -€2,784 | -12.5% |
| Tangible fixed assets | 22/27 | €1,367 | €906 | -€461 | -33.7% |
| Land and buildings | 22 | €277 | €149 | -€128 | -46.1% |
| Plant, machinery and equipment | 23 | €1,090 | €756 | -€333 | -30.6% |
| Current assets | 29/58 | €15,256 | €12,183 | -€3,074 | -20.1% |
| Stocks and contracts in progress | 3 | €4,358 | €6,045 | +€1,686 | +38.7% |
| Stocks | 30/36 | €4,358 | €6,045 | +€1,686 | +38.7% |
| Amounts receivable within one year | 40/41 | €853 | €349 | -€504 | -59.1% |
| Trade receivables | 40 | €640 | €50 | -€591 | -92.3% |
| Other amounts receivable | 41 | €213 | €299 | +€87 | +40.9% |
| Cash at bank and in hand | 54/58 | €9,070 | €4,540 | -€4,530 | -49.9% |
| Deferred charges and accrued income | 490/1 | €975 | €1,249 | +€273 | +28.0% |
| Total equity and liabilities | 10/49 | €38,895 | €32,576 | -€6,319 | -16.2% |
| Equity | 10/15 | -€22,631 | -€45,648 | -€23,017 | -101.7% |
| Contributions | 10/11 | €34,800 | €34,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,431 | -€80,448 | -€23,017 | -40.1% |
| Amounts payable | 17/49 | €61,526 | €78,224 | +€16,699 | +27.1% |
| Amounts payable within one year | 42/48 | €61,526 | €78,224 | +€16,699 | +27.1% |
| Financial debts | 43 | €2,040 | €4,040 | +€1,999 | +98.0% |
| Credit institutions | 430/8 | €2,040 | €4,040 | +€1,999 | +98.0% |
| Trade debts | 44 | €9,351 | €14,622 | +€5,271 | +56.4% |
| Suppliers | 440/4 | €9,351 | €14,622 | +€5,271 | +56.4% |
| Taxes, remuneration and social security | 45 | €6,600 | €10,658 | +€4,058 | +61.5% |
| Taxes | 450/3 | €355 | €572 | +€217 | +61.3% |
| Remuneration and social security | 454/9 | €6,246 | €10,086 | +€3,841 | +61.5% |
| Other amounts payable | 47/48 | €43,534 | €48,905 | +€5,371 | +12.3% |
| Remuneration, social security and pensions | 62 | €74,410 | €62,977 | -€11,432 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,110 | €3,245 | +€136 | +4.4% |
| Other operating charges | 640/8 | €776 | €2,006 | +€1,230 | +158.6% |
| Gross operating margin | 9900 | €36,803 | €45,834 | +€9,031 | +24.5% |
| Operating profit (loss) | 9901 | -€41,492 | -€22,394 | +€19,098 | +46.0% |
| Financial income | 75/76B | €2,243 | €1 | -€2,242 | -100.0% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -3.3% |
| Non-recurring financial income | 76B | €2,242 | - | -€2,242 | |
| Financial charges | 65/66B | €5,115 | €625 | -€4,490 | -87.8% |
| Recurring financial charges | 65 | €5,115 | €625 | -€4,490 | -87.8% |
| Profit (loss) for the period before taxes | 9903 | -€44,364 | -€23,017 | +€21,347 | +48.1% |
| Income taxes | 67/77 | €12,000 | - | -€12,000 | |
| Profit (loss) for the period | 9904 | -€56,364 | -€23,017 | +€33,347 | +59.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,364 | -€23,017 | +€33,347 | +59.2% |
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 12 October 2026 via checked.be.