HUBLE DIGITAL: what changed
What changed
HUBLE DIGITAL
NACE 18.130, Pre-press and pre-media services
filed annual accounts (NBB)
Net result for the year
-€121,277
2025 · €24,528-€145,804
Equity
-€112,645
2025 · €8,632-€121,277
Cash
€11,506
2025 · €34,194-€22,688
Balance sheet total
€282,315
2025 · €748,560-€466,245
Largest movements
Assets
- Receivables within one year -€431,172
down €431,172 (-65.6%), from €657,205 to €226,033
of which Other amounts receivable: -€411,022
- Cash -€22,688
down €22,688 (-66.3%), from €34,194 to €11,506
mainly Other debts (-€224,137) and Net result for the year (-€121,277)
- Deferred charges and accrued income -€9,709
down €9,709 (-25.6%), from €37,938 to €28,228
Equity and liabilities
- Other debts -€224,137
down €224,137 (-71.2%), from €314,659 to €90,522
- Profit (loss) carried forward -€121,277
down €121,277 (-224%), from -€54,168 to -€175,445
- Short-term financial debts -€50,000
down €50,000 (-62.5%), from €80,000 to €30,000
- Trade debts -€49,617
down €49,617 (-37.2%), from €133,487 to €83,870
- Current portion of long-term debt -€19,088
down €19,088 (-74.7%), from €25,543 to €6,455
Income statement
- Staff costs +€119,862
up €119,862 (+18.9%), from €632,914 to €752,776
- Gross operating margin -€26,734
down €26,734 (-4.0%), from €665,274 to €638,540
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€24,528
Gross operating margin
-€26,734
Staff costs
-€119,862
Depreciation
+€2,868
Write-downs
+€3,145
Other operating charges
-€3,263
Financial income
+€4,041
Financial charges
-€5,998
Taxes
-€2
Result 2026
-€121,277
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€54,458
Investment
-€1,602
Financing
-€75,543
Cash 2025
€34,194
From operations (derived)
+€54,458
Net result for the year
-€121,277
Depreciation
+€4,279
Receivables within one year
+€431,172
Deferred charges and accrued income
+€9,709
Trade debts
-€49,617
Tax, wage and social debts
+€11,887
Other debts
-€224,137
Accrued charges and deferred income
-€7,558
Investment (derived)
-€1,602
Investment in fixed assets (net)
-€1,602
Financing
-€75,543
Debts after one year
-€6,455
Current portion of long-term debt
-€19,088
Short-term financial debts
-€50,000
Cash 2026
€11,506
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €748,560 | €282,315 | -€466,245 | -62.3% |
| Fixed assets | 21/28 | €19,223 | €16,547 | -€2,677 | -13.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €6,673 | €4,647 | -€2,027 | -30.4% |
| Furniture and vehicles | 24 | €6,673 | €4,647 | -€2,027 | -30.4% |
| Financial fixed assets | 28 | €12,550 | €11,900 | -€650 | -5.2% |
| Current assets | 29/58 | €729,337 | €265,768 | -€463,569 | -63.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €657,205 | €226,033 | -€431,172 | -65.6% |
| Trade receivables | 40 | €221,906 | €201,756 | -€20,149 | -9.1% |
| Other amounts receivable | 41 | €435,299 | €24,277 | -€411,022 | -94.4% |
| Cash at bank and in hand | 54/58 | €34,194 | €11,506 | -€22,688 | -66.3% |
| Deferred charges and accrued income | 490/1 | €37,938 | €28,228 | -€9,709 | -25.6% |
| Total equity and liabilities | 10/49 | €748,560 | €282,315 | -€466,245 | -62.3% |
| Equity | 10/15 | €8,632 | -€112,645 | -€121,277 | |
| Contributions | 10/11 | €59,000 | €59,000 | = | 0.0% |
| Reserves | 13 | €3,800 | €3,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,800 | €3,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,800 | €0 | -€3,800 | -100% |
| Other | 1319 | - | €3,800 | +€3,800 | |
| Profit (loss) carried forward | 14 | -€54,168 | -€175,445 | -€121,277 | -224% |
| Amounts payable | 17/49 | €739,928 | €394,959 | -€344,969 | -46.6% |
| Amounts payable after more than one year | 17 | €6,455 | €0 | -€6,455 | -100% |
| Financial debts | 170/4 | €6,455 | €0 | -€6,455 | -100% |
| Amounts payable within one year | 42/48 | €633,515 | €302,560 | -€330,956 | -52.2% |
| Current portion of amounts payable after more than one year | 42 | €25,543 | €6,455 | -€19,088 | -74.7% |
| Financial debts | 43 | €80,000 | €30,000 | -€50,000 | -62.5% |
| Credit institutions | 430/8 | €80,000 | €30,000 | -€50,000 | -62.5% |
| Trade debts | 44 | €133,487 | €83,870 | -€49,617 | -37.2% |
| Suppliers | 440/4 | €133,487 | €83,870 | -€49,617 | -37.2% |
| Taxes, remuneration and social security | 45 | €79,826 | €91,713 | +€11,887 | +14.9% |
| Taxes | 450/3 | €175 | €177 | +€2 | +1.0% |
| Remuneration and social security | 454/9 | €79,651 | €91,535 | +€11,885 | +14.9% |
| Other amounts payable | 47/48 | €314,659 | €90,522 | -€224,137 | -71.2% |
| Accrued charges and deferred income | 492/3 | €99,958 | €92,400 | -€7,558 | -7.6% |
| Non-recurring operating income | 76A | - | €13,781 | +€13,781 | |
| Remuneration, social security and pensions | 62 | €632,914 | €752,776 | +€119,862 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,147 | €4,279 | -€2,868 | -40.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,257 | -€8,402 | -€3,145 | -59.8% |
| Other operating charges | 640/8 | €747 | €4,010 | +€3,263 | +437% |
| Gross operating margin | 9900 | €665,274 | €638,540 | -€26,734 | -4.0% |
| Operating profit (loss) | 9901 | €29,723 | -€114,123 | -€143,846 | |
| Financial income | 75/76B | €631 | €4,672 | +€4,041 | +641% |
| Recurring financial income | 75 | €631 | €4,672 | +€4,041 | +641% |
| Financial charges | 65/66B | €5,651 | €11,648 | +€5,998 | +106% |
| Recurring financial charges | 65 | €5,651 | €11,648 | +€5,998 | +106% |
| Profit (loss) for the period before taxes | 9903 | €24,703 | -€121,099 | -€145,802 | |
| Income taxes | 67/77 | €175 | €177 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | €24,528 | -€121,277 | -€145,804 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,528 | -€121,277 | -€145,804 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.