HUBITOOLS: 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
HUBITOOLS
NACE 46.720, Wholesale of motor vehicle parts and accessories
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€138,212
2024 · €390,334-€252,122
Equity
€595,862
2024 · €587,650+€8,212
Cash
€75,332
2024 · €240,718-€165,385
Balance sheet total
€2.7m
2024 · €2.9m-€141,925
Largest movements
Assets
- Current investments +€187,234
new in 2025: €187,234
- Cash -€165,385
down €165,385 (-68.7%), from €240,718 to €75,332
mainly Other debts (-€233,500) and Current investments (-€187,234)
- Stocks and contracts -€114,828
down €114,828 (-7.9%), from €1.5m to €1.3m
- Tangible fixed assets -€36,852
down €36,852 (-39.9%), from €92,340 to €55,487
of which Furniture and vehicles: -€33,315
Equity and liabilities
- Other debts -€233,500
down €233,500 (-64.2%), from €363,550 to €130,050
- Short-term financial debts +€137,353
up €137,353 (+9.4%), from €1.5m to €1.6m
- Tax, wage and social debts -€59,328
down €59,328 (-45.3%), from €130,871 to €71,543
- Accrued charges and deferred income +€38,946
up €38,946 (+81.8%), from €47,633 to €86,579
Income statement
- Gross operating margin -€350,453
down €350,453 (-21.8%), from €1.6m to €1.3m
- Staff costs -€68,061
down €68,061 (-7.5%), from €904,597 to €836,537
- Taxes -€64,778
down €64,778 (-53.6%), from €120,810 to €56,031
- Financial charges +€49,675
up €49,675 (+28.0%), from €177,377 to €227,053
of which Financial charges: +€39,482
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
€390,334
Gross operating margin
-€350,453
Staff costs
+€68,061
Depreciation
+€14,906
Write-downs
+€5,370
Other operating charges
-€1,664
Financial income
-€3,444
Financial charges
-€49,675
Taxes
+€64,778
Result 2025
€138,212
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
+€33,924
Investment
-€181,525
Financing
-€17,784
Cash 2024
€240,718
From operations (derived)
+€33,924
Net result for the year
+€138,212
Depreciation
+€37,132
Stocks and contracts
+€114,828
Receivables within one year
-€9,176
Deferred charges and accrued income
+€15,281
Trade debts
-€11,412
Tax, wage and social debts
-€59,328
Advances received
+€2,940
Other debts
-€233,500
Accrued charges and deferred income
+€38,946
Investment (derived)
-€181,525
Investment in fixed assets (net)
+€5,709
Current investments
-€187,234
Financing
-€17,784
Debts after one year
-€1,440
Current portion of long-term debt
-€23,697
Short-term financial debts
+€137,353
Contributions, distributions and other
-€130,000
Cash 2025
€75,332
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,866,014 | €2,724,089 | -€141,925 | -5.0% |
| Fixed assets | 21/28 | €124,904 | €82,063 | -€42,841 | -34.3% |
| Intangible fixed assets | 21 | €12,498 | €6,510 | -€5,988 | -47.9% |
| Tangible fixed assets | 22/27 | €92,340 | €55,487 | -€36,852 | -39.9% |
| Plant, machinery and equipment | 23 | €26,088 | €19,503 | -€6,585 | -25.2% |
| Furniture and vehicles | 24 | €64,049 | €30,735 | -€33,315 | -52.0% |
| Other tangible fixed assets | 26 | €2,202 | €5,250 | +€3,047 | +138.4% |
| Financial fixed assets | 28 | €20,066 | €20,066 | = | 0.0% |
| Current assets | 29/58 | €2,741,110 | €2,642,026 | -€99,084 | -3.6% |
| Stocks and contracts in progress | 3 | €1,458,838 | €1,344,011 | -€114,828 | -7.9% |
| Stocks | 30/36 | €1,458,838 | €1,344,011 | -€114,828 | -7.9% |
| Amounts receivable within one year | 40/41 | €998,584 | €1,007,761 | +€9,176 | +0.9% |
| Trade receivables | 40 | €929,658 | €946,168 | +€16,511 | +1.8% |
| Other amounts receivable | 41 | €68,927 | €61,592 | -€7,335 | -10.6% |
| Current investments | 50/53 | - | €187,234 | +€187,234 | |
| Cash at bank and in hand | 54/58 | €240,718 | €75,332 | -€165,385 | -68.7% |
| Deferred charges and accrued income | 490/1 | €42,969 | €27,688 | -€15,281 | -35.6% |
| Total equity and liabilities | 10/49 | €2,866,014 | €2,724,089 | -€141,925 | -5.0% |
| Equity | 10/15 | €587,650 | €595,862 | +€8,212 | +1.4% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €31,200 | €31,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,200 | €31,200 | = | 0.0% |
| Legal reserve | 130 | €31,200 | €31,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €493,950 | €502,162 | +€8,212 | +1.7% |
| Amounts payable | 17/49 | €2,278,364 | €2,128,227 | -€150,137 | -6.6% |
| Amounts payable after more than one year | 17 | €1,440 | - | -€1,440 | |
| Financial debts | 170/4 | €1,440 | - | -€1,440 | |
| Amounts payable within one year | 42/48 | €2,229,291 | €2,041,647 | -€187,643 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €25,136 | €1,440 | -€23,697 | -94.3% |
| Financial debts | 43 | €1,465,179 | €1,602,532 | +€137,353 | +9.4% |
| Credit institutions | 430/8 | €1,465,179 | €1,602,532 | +€137,353 | +9.4% |
| Trade debts | 44 | €244,555 | €233,143 | -€11,412 | -4.7% |
| Suppliers | 440/4 | €244,555 | €233,143 | -€11,412 | -4.7% |
| Advances received on contracts in progress | 46 | - | €2,940 | +€2,940 | |
| Taxes, remuneration and social security | 45 | €130,871 | €71,543 | -€59,328 | -45.3% |
| Remuneration and social security | 454/9 | €130,871 | €71,543 | -€59,328 | -45.3% |
| Other amounts payable | 47/48 | €363,550 | €130,050 | -€233,500 | -64.2% |
| Accrued charges and deferred income | 492/3 | €47,633 | €86,579 | +€38,946 | +81.8% |
| Remuneration, social security and pensions | 62 | €904,597 | €836,537 | -€68,061 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,038 | €37,132 | -€14,906 | -28.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,502 | -€1,867 | -€5,370 | |
| Other operating charges | 640/8 | €2,165 | €3,829 | +€1,664 | +76.9% |
| Gross operating margin | 9900 | €1,610,978 | €1,260,526 | -€350,453 | -21.8% |
| Operating profit (loss) | 9901 | €648,676 | €384,895 | -€263,781 | -40.7% |
| Financial income | 75/76B | €39,846 | €36,402 | -€3,444 | -8.6% |
| Recurring financial income | 75 | €34,887 | €36,402 | +€1,515 | +4.3% |
| Non-recurring financial income | 76B | €4,959 | - | -€4,959 | |
| Financial charges | 65/66B | €177,377 | €227,053 | +€49,675 | +28.0% |
| Recurring financial charges | 65 | €177,377 | €216,859 | +€39,482 | +22.3% |
| Non-recurring financial charges | 66B | - | €10,193 | +€10,193 | |
| Profit (loss) for the period before taxes | 9903 | €511,144 | €194,244 | -€316,900 | -62.0% |
| Income taxes | 67/77 | €120,810 | €56,031 | -€64,778 | -53.6% |
| Profit (loss) for the period | 9904 | €390,334 | €138,212 | -€252,122 | -64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €390,334 | €138,212 | -€252,122 | -64.6% |
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 29 September 2026 via checked.be.