HUBIN Instruments & Services: 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.
HUBIN Instruments & Services
Largest movements
- Tangible fixed assets -€10,173
down €10,173 (-21.9%), from €46,401 to €36,228
- Receivables within one year -€5,040
down €5,040 (-69.6%), from €7,244 to €2,204
of which Trade receivables: -€3,576
- Cash +€4,744
up €4,744 (+4.0%), from €119,921 to €124,665
mainly Depreciation (+€10,173) and Receivables within one year (+€5,040)
- Debts after one year -€5,501
down €5,501 (-25.2%), from €21,825 to €16,324
- Other debts -€4,164
down €4,164 (-11.4%), from €36,400 to €32,236
- Gross operating margin -€35,451
down €35,451 (-69.0%), from €51,378 to €15,927
- Taxes -€11,700
down €11,700 (-86.6%), from €13,516 to €1,816
- Depreciation +€6,494
up €6,494 (+177%), from €3,679 to €10,173
- Other operating charges +€649
up €649 (+68.7%), from €945 to €1,594
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 | €177,083 | €165,691 | -€11,392 | -6.4% |
| Fixed assets | 21/28 | €46,771 | €36,348 | -€10,423 | -22.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €46,401 | €36,228 | -€10,173 | -21.9% |
| Furniture and vehicles | 24 | €46,401 | €36,228 | -€10,173 | -21.9% |
| Financial fixed assets | 28 | €370 | €120 | -€250 | -67.6% |
| Current assets | 29/58 | €130,312 | €129,344 | -€969 | -0.7% |
| Amounts receivable within one year | 40/41 | €7,244 | €2,204 | -€5,040 | -69.6% |
| Trade receivables | 40 | €3,576 | €0 | -€3,576 | -100% |
| Other amounts receivable | 41 | €3,667 | €2,204 | -€1,464 | -39.9% |
| Cash at bank and in hand | 54/58 | €119,921 | €124,665 | +€4,744 | +4.0% |
| Deferred charges and accrued income | 490/1 | €3,148 | €2,475 | -€673 | -21.4% |
| Total equity and liabilities | 10/49 | €177,083 | €165,691 | -€11,392 | -6.4% |
| Equity | 10/15 | €110,931 | €111,334 | +€403 | +0.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €89,700 | €91,200 | +€1,500 | +1.7% |
| Distributable reserves | 133 | €89,700 | €91,200 | +€1,500 | +1.7% |
| Profit (loss) carried forward | 14 | €1,231 | €134 | -€1,097 | -89.1% |
| Amounts payable | 17/49 | €66,153 | €54,357 | -€11,795 | -17.8% |
| Amounts payable after more than one year | 17 | €21,825 | €16,324 | -€5,501 | -25.2% |
| Financial debts | 170/4 | €21,825 | €16,324 | -€5,501 | -25.2% |
| Amounts payable within one year | 42/48 | €44,259 | €38,002 | -€6,257 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €5,283 | €5,501 | +€218 | +4.1% |
| Trade debts | 44 | €1,489 | €265 | -€1,224 | -82.2% |
| Suppliers | 440/4 | €1,489 | €265 | -€1,224 | -82.2% |
| Taxes, remuneration and social security | 45 | €1,086 | €0 | -€1,086 | -100% |
| Taxes | 450/3 | €650 | €0 | -€650 | -100% |
| Remuneration and social security | 454/9 | €436 | €0 | -€436 | -100% |
| Other amounts payable | 47/48 | €36,400 | €32,236 | -€4,164 | -11.4% |
| Accrued charges and deferred income | 492/3 | €68 | €31 | -€38 | -55.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,679 | €10,173 | +€6,494 | +177% |
| Other operating charges | 640/8 | €945 | €1,594 | +€649 | +68.7% |
| Gross operating margin | 9900 | €51,378 | €15,927 | -€35,451 | -69.0% |
| Operating profit (loss) | 9901 | €46,754 | €4,160 | -€42,594 | -91.1% |
| Financial income | 75/76B | €703 | €507 | -€196 | -27.9% |
| Recurring financial income | 75 | €703 | €507 | -€196 | -27.9% |
| Financial charges | 65/66B | €834 | €1,347 | +€513 | +61.5% |
| Recurring financial charges | 65 | €834 | €1,347 | +€513 | +61.5% |
| Profit (loss) for the period before taxes | 9903 | €46,623 | €3,320 | -€43,303 | -92.9% |
| Income taxes | 67/77 | €13,516 | €1,816 | -€11,700 | -86.6% |
| Profit (loss) for the period | 9904 | €33,106 | €1,503 | -€31,603 | -95.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,106 | €1,503 | -€31,603 | -95.5% |
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 17 October 2026 via checked.be.