HUBREZ: 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.
HUBREZ
Largest movements
- Receivables within one year +€286,813
up €286,813 (+1822.0%), from €15,742 to €302,554
of which Trade receivables: +€262,221
- Current investments -€110,561
down €110,561 (-35.6%), from €310,561 to €200,000
- Cash -€12,679
down €12,679 (-14.9%), from €85,273 to €72,594
mainly Receivables within one year (-€286,813) and Contributions, distributions and other (-€139,339)
- Other debts +€139,339
new in 2025: €139,339
- Tax, wage and social debts +€48,504
up €48,504 (+2768.5%), from €1,752 to €50,256
- Reserves -€24,071
down €24,071 (-9.3%), from €259,508 to €235,437
- Gross operating margin +€148,188
up €148,188 (+599.2%), from €24,730 to €172,918
- Taxes +€51,519
up €51,519 (+588.4%), from €8,755 to €60,274
- Financial income +€4,830
up €4,830 (+262.2%), from €1,842 to €6,672
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €420,263 | €584,524 | +€164,261 | +39.1% |
| Fixed assets | 21/28 | €4,730 | €6,326 | +€1,596 | +33.7% |
| Tangible fixed assets | 22/27 | €3,730 | €5,326 | +€1,596 | +42.8% |
| Furniture and vehicles | 24 | €3,467 | €5,150 | +€1,683 | +48.6% |
| Other tangible fixed assets | 26 | €263 | €176 | -€88 | -33.3% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €415,533 | €578,198 | +€162,665 | +39.1% |
| Amounts receivable within one year | 40/41 | €15,742 | €302,554 | +€286,813 | +1822.0% |
| Trade receivables | 40 | €235 | €262,456 | +€262,221 | +111630.8% |
| Other amounts receivable | 41 | €15,507 | €40,099 | +€24,592 | +158.6% |
| Current investments | 50/53 | €310,561 | €200,000 | -€110,561 | -35.6% |
| Cash at bank and in hand | 54/58 | €85,273 | €72,594 | -€12,679 | -14.9% |
| Deferred charges and accrued income | 490/1 | €3,958 | €3,050 | -€908 | -22.9% |
| Total equity and liabilities | 10/49 | €420,263 | €584,524 | +€164,261 | +39.1% |
| Equity | 10/15 | €418,228 | €394,157 | -€24,071 | -5.8% |
| Contributions | 10/11 | €158,720 | €158,720 | = | 0.0% |
| Reserves | 13 | €259,508 | €235,437 | -€24,071 | -9.3% |
| Distributable reserves | 133 | €259,508 | €235,437 | -€24,071 | -9.3% |
| Amounts payable | 17/49 | €2,035 | €190,367 | +€188,332 | +9255.8% |
| Amounts payable within one year | 42/48 | €2,035 | €190,367 | +€188,332 | +9255.8% |
| Trade debts | 44 | €283 | €771 | +€488 | +172.7% |
| Suppliers | 440/4 | €283 | €771 | +€488 | +172.7% |
| Taxes, remuneration and social security | 45 | €1,752 | €50,256 | +€48,504 | +2768.5% |
| Taxes | 450/3 | €1,752 | €50,256 | +€48,504 | +2768.5% |
| Other amounts payable | 47/48 | - | €139,339 | +€139,339 | |
| Non-recurring operating income | 76A | €7,000 | - | -€7,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,108 | €1,631 | -€476 | -22.6% |
| Gross operating margin | 9900 | €24,730 | €172,918 | +€148,188 | +599.2% |
| Operating profit (loss) | 9901 | €22,622 | €171,286 | +€148,664 | +657.2% |
| Financial income | 75/76B | €1,842 | €6,672 | +€4,830 | +262.2% |
| Recurring financial income | 75 | €1,842 | €6,672 | +€4,830 | +262.2% |
| Financial charges | 65/66B | €2,671 | €2,417 | -€254 | -9.5% |
| Recurring financial charges | 65 | €2,671 | €2,417 | -€254 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €21,793 | €175,542 | +€153,749 | +705.5% |
| Income taxes | 67/77 | €8,755 | €60,274 | +€51,519 | +588.4% |
| Profit (loss) for the period | 9904 | €13,038 | €115,268 | +€102,230 | +784.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,038 | €115,268 | +€102,230 | +784.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.