HUBISCO: what changed
Two fiscal 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.
What changed
HUBISCO
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€392,748
2024 · €1.8m-€1.4m
Equity
€39.1m
2024 · €39.1m+€42,748
Cash
€1.4m
2024 · €2.3m-€920,048
Balance sheet total
€56.9m
2024 · €53.8m+€3.2m
Largest movements
Assets
- Receivables within one year +€4.7m
up €4.7m (+426.3%), from €1.1m to €5.8m
of which Trade receivables: +€4.4m
- Cash -€920,048
down €920,048 (-39.5%), from €2.3m to €1.4m
mainly Receivables within one year (-€4.7m) and Debts after one year (-€1.4m)
Equity and liabilities
- Other debts +€3.2m
up €3.2m (+46.7%), from €6.8m to €9.9m
- Trade debts +€1.7m
up €1.7m (+619.1%), from €268,502 to €1.9m
- Debts after one year -€1.4m
down €1.4m (-30.3%), from €4.6m to €3.2m
- Short-term financial debts -€1.0m
down €1.0m (-100.0%), from €1.0m to €0
Income statement
- Other operating income +€4.4m
up €4.4m (+525.9%), from €827,774 to €5.2m
- Services and other goods +€2.7m
up €2.7m (+218.7%), from €1.3m to €4.0m
- Staff costs +€2.5m
up €2.5m (+294.3%), from €839,540 to €3.3m
- Financial charges +€2.2m
up €2.2m (+191.2%), from €1.2m to €3.3m
of which Non-recurring financial charges: +€2.6m
- Turnover +€1.5m
up €1.5m (+47.9%), from €3.2m to €4.7m
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.
Result 2024
€1.8m
Turnover
+€1.5m
Other operating income
+€4.4m
Goods and materials
+€17,245
Services and other goods
-€2.7m
Staff costs
-€2.5m
Depreciation
-€204,765
Provisions
-€336,847
Other operating charges
-€6,974
Other operating items
-€106,560
Financial income
+€805,734
Financial charges
-€2.2m
Taxes
-€41,949
Result 2025
€392,748
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.
From operations
+€2.3m
Investment
-€464,821
Financing
-€2.8m
Cash 2024
€2.3m
From operations (derived)
+€2.3m
Net result for the year
+€392,748
Depreciation
+€1.2m
Receivables within one year
-€4.7m
Deferred charges and accrued income
-€109,840
Provisions
+€336,847
Trade debts
+€1.7m
Tax, wage and social debts
+€369,593
Other debts
+€3.2m
Accrued charges and deferred income
+€504
Investment (derived)
-€464,821
Investment in fixed assets (net)
-€452,821
Current investments
-€12,000
Financing
-€2.8m
Debts after one year
-€1.4m
Current portion of long-term debt
-€42,750
Short-term financial debts
-€1.0m
Contributions, distributions and other
-€350,000
Cash 2025
€1.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,764,840 | €56,917,029 | +€3.2m | +5.9% |
| Formation expenses | 20 | €4,455 | €0 | -€4,455 | -100.0% |
| Fixed assets | 21/28 | €50,318,436 | €49,583,041 | -€735,395 | -1.5% |
| Tangible fixed assets | 22/27 | €9,641,311 | €9,121,361 | -€519,951 | -5.4% |
| Land and buildings | 22 | €3,070,673 | €3,133,990 | +€63,317 | +2.1% |
| Plant, machinery and equipment | 23 | €6,271,919 | €5,654,926 | -€616,992 | -9.8% |
| Furniture and vehicles | 24 | €13,329 | €9,939 | -€3,390 | -25.4% |
| Leasing and similar rights | 25 | €285,390 | €322,505 | +€37,115 | +13.0% |
| Financial fixed assets | 28 | €40,677,125 | €40,461,680 | -€215,445 | -0.5% |
| Affiliated companies | 280/1 | €40,677,125 | €40,461,680 | -€215,445 | -0.5% |
| Participating interests | 280 | €40,677,125 | €40,461,680 | -€215,445 | -0.5% |
| Current assets | 29/58 | €3,441,949 | €7,333,988 | +€3.9m | +113.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,100,116 | €5,790,364 | +€4.7m | +426.3% |
| Trade receivables | 40 | €375,561 | €4,742,849 | +€4.4m | +1162.9% |
| Other amounts receivable | 41 | €724,555 | €1,047,515 | +€322,959 | +44.6% |
| Current investments | 50/53 | - | €12,000 | +€12,000 | |
| Other investments | 51/53 | - | €12,000 | +€12,000 | |
| Cash at bank and in hand | 54/58 | €2,329,173 | €1,409,125 | -€920,048 | -39.5% |
| Deferred charges and accrued income | 490/1 | €12,660 | €122,500 | +€109,840 | +867.6% |
| Total equity and liabilities | 10/49 | €53,764,840 | €56,917,029 | +€3.2m | +5.9% |
| Equity | 10/15 | €39,056,973 | €39,099,721 | +€42,748 | +0.1% |
| Contributions | 10/11 | €33,314,240 | €33,314,240 | = | 0.0% |
| Capital | 10 | €33,314,240 | €33,314,240 | = | 0.0% |
| Issued capital | 100 | €33,314,240 | €33,314,240 | = | 0.0% |
| Revaluation surpluses | 12 | €91,729 | €91,729 | = | 0.0% |
| Reserves | 13 | €5,651,004 | €5,693,752 | +€42,748 | +0.8% |
| Non-distributable reserves | 130/1 | €311,454 | €311,454 | = | 0.0% |
| Legal reserve | 130 | €311,454 | €311,454 | = | 0.0% |
| Distributable reserves | 133 | €5,339,550 | €5,382,298 | +€42,748 | +0.8% |
| Provisions and deferred taxes | 16 | - | €336,847 | +€336,847 | |
| Provisions for liabilities and charges | 160/5 | - | €336,847 | +€336,847 | |
| Major repairs and maintenance | 162 | - | €336,847 | +€336,847 | |
| Amounts payable | 17/49 | €14,707,868 | €17,480,461 | +€2.8m | +18.9% |
| Amounts payable after more than one year | 17 | €4,554,718 | €3,174,770 | -€1.4m | -30.3% |
| Financial debts | 170/4 | €4,554,718 | €3,174,770 | -€1.4m | -30.3% |
| Subordinated loans | 170 | €0 | - | = | |
| Leasing and similar obligations | 172 | €429,718 | €549,770 | +€120,052 | +27.9% |
| Credit institutions | 173 | €4,125,000 | €2,625,000 | -€1.5m | -36.4% |
| Amounts payable within one year | 42/48 | €9,792,210 | €13,944,248 | +€4.2m | +42.4% |
| Current portion of amounts payable after more than one year | 42 | €1,627,480 | €1,584,730 | -€42,750 | -2.6% |
| Financial debts | 43 | €1,000,000 | €0 | -€1.0m | -100.0% |
| Credit institutions | 430/8 | €1,000,000 | €0 | -€1.0m | -100.0% |
| Trade debts | 44 | €268,502 | €1,930,810 | +€1.7m | +619.1% |
| Suppliers | 440/4 | €268,502 | €1,930,810 | +€1.7m | +619.1% |
| Taxes, remuneration and social security | 45 | €122,802 | €492,395 | +€369,593 | +301.0% |
| Taxes | 450/3 | €621 | €13,859 | +€13,238 | +2132.5% |
| Remuneration and social security | 454/9 | €122,181 | €478,536 | +€356,355 | +291.7% |
| Other amounts payable | 47/48 | €6,773,426 | €9,936,313 | +€3.2m | +46.7% |
| Accrued charges and deferred income | 492/3 | €360,939 | €361,444 | +€504 | +0.1% |
| Operating income | 70/76A | €4,090,746 | €9,849,999 | +€5.8m | +140.8% |
| Turnover | 70 | €3,156,412 | €4,669,053 | +€1.5m | +47.9% |
| Own construction capitalised | 72 | €106,560 | €0 | -€106,560 | -100.0% |
| Other operating income | 74 | €827,774 | €5,180,946 | +€4.4m | +525.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €3,198,614 | €8,941,952 | +€5.7m | +179.6% |
| Goods for resale, raw materials and consumables | 60 | €17,245 | €0 | -€17,245 | -100.0% |
| Purchases | 600/8 | €17,245 | €0 | -€17,245 | -100.0% |
| Services and other goods | 61 | €1,252,960 | €3,993,798 | +€2.7m | +218.7% |
| Remuneration, social security and pensions | 62 | €839,540 | €3,310,699 | +€2.5m | +294.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €987,906 | €1,192,671 | +€204,765 | +20.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €336,847 | +€336,847 | |
| Other operating charges | 640/8 | €100,963 | €107,938 | +€6,974 | +6.9% |
| Operating profit (loss) | 9901 | €892,131 | €908,047 | +€15,916 | +1.8% |
| Financial income | 75/76B | €2,072,169 | €2,877,902 | +€805,734 | +38.9% |
| Recurring financial income | 75 | €408,988 | €129,125 | -€279,863 | -68.4% |
| Income from current assets | 751 | €408,988 | €128,717 | -€280,271 | -68.5% |
| Other financial income | 752/9 | - | €409 | +€409 | |
| Non-recurring financial income | 76B | €1,663,181 | €2,748,777 | +€1.1m | +65.3% |
| Financial charges | 65/66B | €1,150,251 | €3,349,632 | +€2.2m | +191.2% |
| Recurring financial charges | 65 | €1,042,353 | €600,720 | -€441,633 | -42.4% |
| Debt charges | 650 | €1,033,825 | €589,643 | -€444,182 | -43.0% |
| Other financial charges | 652/9 | €8,528 | €11,077 | +€2,549 | +29.9% |
| Non-recurring financial charges | 66B | €107,897 | €2,748,912 | +€2.6m | +2447.7% |
| Profit (loss) for the period before taxes | 9903 | €1,814,049 | €436,317 | -€1.4m | -75.9% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €1,621 | €43,569 | +€41,949 | +2588.2% |
| Taxes | 670/3 | €1,621 | €43,569 | +€41,949 | +2588.2% |
| Profit (loss) for the period | 9904 | €1,812,429 | €392,748 | -€1.4m | -78.3% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €1,812,429 | €392,748 | -€1.4m | -78.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.