HUBIN Philippe: 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 Philippe
Largest movements
- Cash -€99,762
down €99,762 (-22.3%), from €448,309 to €348,547
mainly Net result for the year (-€86,125) and Other debts (-€10,824)
- Tangible fixed assets -€6,985
down €6,985 (-13.5%), from €51,689 to €44,704
of which Land and buildings: -€6,985
- Profit (loss) carried forward -€86,125
down €86,125, from €99 to -€86,026
- Other debts -€10,824
down €10,824 (-93.9%), from €11,533 to €709
- Financial income -€70,703
down €70,703 (-96.7%), from €73,080 to €2,377
of which Non-recurring financial income: -€72,000
- Gross operating margin -€44,166
down €44,166 (-145%), from -€30,485 to -€74,651
- Other operating charges +€2,431
up €2,431 (+225%), from €1,082 to €3,512
- Taxes +€761
up €761 (+106%), from €719 to €1,480
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 | €501,928 | €395,591 | -€106,337 | -21.2% |
| Fixed assets | 21/28 | €51,689 | €44,704 | -€6,985 | -13.5% |
| Tangible fixed assets | 22/27 | €51,689 | €44,704 | -€6,985 | -13.5% |
| Land and buildings | 22 | €51,689 | €44,704 | -€6,985 | -13.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €450,239 | €350,887 | -€99,352 | -22.1% |
| Amounts receivable within one year | 40/41 | €0 | €0 | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €448,309 | €348,547 | -€99,762 | -22.3% |
| Deferred charges and accrued income | 490/1 | €1,930 | €2,340 | +€410 | +21.2% |
| Total equity and liabilities | 10/49 | €501,928 | €395,591 | -€106,337 | -21.2% |
| Equity | 10/15 | €476,389 | €390,264 | -€86,125 | -18.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €457,690 | €457,690 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €452,690 | €452,690 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99 | -€86,026 | -€86,125 | |
| Amounts payable | 17/49 | €25,539 | €5,327 | -€20,212 | -79.1% |
| Amounts payable after more than one year | 17 | €4,200 | €0 | -€4,200 | -100% |
| Other amounts payable | 178/9 | €4,200 | €0 | -€4,200 | -100% |
| Amounts payable within one year | 42/48 | €21,339 | €5,327 | -€16,012 | -75.0% |
| Trade debts | 44 | €1,428 | €1,034 | -€394 | -27.6% |
| Suppliers | 440/4 | €1,428 | €1,034 | -€394 | -27.6% |
| Taxes, remuneration and social security | 45 | €8,377 | €3,584 | -€4,794 | -57.2% |
| Taxes | 450/3 | €5,872 | €1,534 | -€4,338 | -73.9% |
| Remuneration and social security | 454/9 | €2,505 | €2,050 | -€455 | -18.2% |
| Other amounts payable | 47/48 | €11,533 | €709 | -€10,824 | -93.9% |
| Turnover | 70 | €0 | €0 | = | |
| Non-recurring operating income | 76A | - | €176 | +€176 | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €1,707 | €1,714 | +€7 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,985 | €6,985 | = | 0.0% |
| Other operating charges | 640/8 | €1,082 | €3,512 | +€2,431 | +225% |
| Non-recurring operating charges | 66A | €13 | - | -€13 | |
| Gross operating margin | 9900 | -€30,485 | -€74,651 | -€44,166 | -145% |
| Operating profit (loss) | 9901 | -€40,271 | -€86,862 | -€46,591 | -116% |
| Financial income | 75/76B | €73,080 | €2,377 | -€70,703 | -96.7% |
| Recurring financial income | 75 | €1,080 | €2,377 | +€1,297 | +120% |
| Non-recurring financial income | 76B | €72,000 | - | -€72,000 | |
| Financial charges | 65/66B | €140 | €161 | +€21 | +15.0% |
| Recurring financial charges | 65 | €140 | €161 | +€21 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €32,669 | -€84,646 | -€117,315 | |
| Income taxes | 67/77 | €719 | €1,480 | +€761 | +106% |
| Profit (loss) for the period | 9904 | €31,950 | -€86,125 | -€118,076 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,950 | -€86,125 | -€118,076 |
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 24 October 2026 via checked.be.