HUBLET AGRI: 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.
HUBLET AGRI
Largest movements
- Receivables within one year +€139,126
up €139,126 (+162%), from €85,749 to €224,876
of which Trade receivables: +€135,935
- Cash -€37,699
down €37,699 (-39.9%), from €94,419 to €56,720
mainly Receivables within one year (-€139,126) and Investment in fixed assets (net) (-€16,860)
- Tangible fixed assets -€15,308
down €15,308 (-8.5%), from €181,027 to €165,720
of which Furniture and vehicles: -€10,287
- Deferred charges and accrued income +€7,125
up €7,125 (+128%), from €5,566 to €12,691
- Trade debts +€82,837
up €82,837 (+102%), from €81,485 to €164,322
- Reserves +€27,000
up €27,000 (+113%), from €23,902 to €50,902
- Tax, wage and social debts -€9,970
down €9,970 (-37.4%), from €26,671 to €16,701
of which Taxes: -€11,996
- Debts after one year -€4,989
down €4,989 (-3.9%), from €129,062 to €124,073
- Gross operating margin +€94,446
up €94,446 (+46.0%), from €205,315 to €299,761
- Other operating charges +€41,451
up €41,451 (+63.7%), from €65,110 to €106,561
- Staff costs +€27,542
up €27,542 (+30.7%), from €89,697 to €117,239
- Taxes +€4,889
up €4,889 (+724%), from €676 to €5,564
- Financial charges +€4,739
up €4,739 (+73.1%), from €6,481 to €11,220
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 | €367,124 | €460,369 | +€93,245 | +25.4% |
| Fixed assets | 21/28 | €181,390 | €166,083 | -€15,308 | -8.4% |
| Tangible fixed assets | 22/27 | €181,027 | €165,720 | -€15,308 | -8.5% |
| Furniture and vehicles | 24 | €14,457 | €4,169 | -€10,287 | -71.2% |
| Leasing and similar rights | 25 | €165,086 | €158,274 | -€6,812 | -4.1% |
| Other tangible fixed assets | 26 | €1,484 | €3,276 | +€1,792 | +121% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €185,734 | €294,286 | +€108,553 | +58.4% |
| Amounts receivable within one year | 40/41 | €85,749 | €224,876 | +€139,126 | +162% |
| Trade receivables | 40 | €78,525 | €214,460 | +€135,935 | +173% |
| Other amounts receivable | 41 | €7,225 | €10,416 | +€3,191 | +44.2% |
| Cash at bank and in hand | 54/58 | €94,419 | €56,720 | -€37,699 | -39.9% |
| Deferred charges and accrued income | 490/1 | €5,566 | €12,691 | +€7,125 | +128% |
| Total equity and liabilities | 10/49 | €367,124 | €460,369 | +€93,245 | +25.4% |
| Equity | 10/15 | €38,902 | €65,913 | +€27,011 | +69.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €23,902 | €50,902 | +€27,000 | +113% |
| Distributable reserves | 133 | €23,902 | €50,902 | +€27,000 | +113% |
| Profit (loss) carried forward | 14 | €0 | €11 | +€11 | +5,105% |
| Amounts payable | 17/49 | €328,222 | €394,456 | +€66,234 | +20.2% |
| Amounts payable after more than one year | 17 | €129,062 | €124,073 | -€4,989 | -3.9% |
| Financial debts | 170/4 | €129,062 | €124,073 | -€4,989 | -3.9% |
| Amounts payable within one year | 42/48 | €197,359 | €267,629 | +€70,270 | +35.6% |
| Current portion of amounts payable after more than one year | 42 | €32,352 | €31,608 | -€744 | -2.3% |
| Trade debts | 44 | €81,485 | €164,322 | +€82,837 | +102% |
| Suppliers | 440/4 | €81,485 | €164,322 | +€82,837 | +102% |
| Taxes, remuneration and social security | 45 | €26,671 | €16,701 | -€9,970 | -37.4% |
| Taxes | 450/3 | €14,696 | €2,700 | -€11,996 | -81.6% |
| Remuneration and social security | 454/9 | €11,975 | €14,001 | +€2,026 | +16.9% |
| Other amounts payable | 47/48 | €56,851 | €54,997 | -€1,854 | -3.3% |
| Accrued charges and deferred income | 492/3 | €1,801 | €2,754 | +€953 | +52.9% |
| Remuneration, social security and pensions | 62 | €89,697 | €117,239 | +€27,542 | +30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,846 | €32,167 | -€2,679 | -7.7% |
| Other operating charges | 640/8 | €65,110 | €106,561 | +€41,451 | +63.7% |
| Gross operating margin | 9900 | €205,315 | €299,761 | +€94,446 | +46.0% |
| Operating profit (loss) | 9901 | €15,661 | €43,794 | +€28,132 | +180% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €6,481 | €11,220 | +€4,739 | +73.1% |
| Recurring financial charges | 65 | €6,481 | €11,220 | +€4,739 | +73.1% |
| Profit (loss) for the period before taxes | 9903 | €9,180 | €32,575 | +€23,395 | +255% |
| Income taxes | 67/77 | €676 | €5,564 | +€4,889 | +724% |
| Profit (loss) for the period | 9904 | €8,504 | €27,011 | +€18,506 | +218% |
| Profit (loss) for the period to be appropriated | 9905 | €8,504 | €27,011 | +€18,506 | +218% |
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 26 October 2026 via checked.be.