HUBRIS: 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.
HUBRIS
Largest movements
- Current investments +€175,000
new in 2025: €175,000
- Receivables within one year -€82,502
down €82,502 (-38.2%), from €215,935 to €133,433
of which Other amounts receivable: -€82,990
- Cash +€42,615
up €42,615 (+53.9%), from €79,134 to €121,749
mainly Net result for the year (+€135,179) and Receivables within one year (+€82,502)
- Reserves +€134,346
up €134,346 (+18.6%), from €721,385 to €855,731
of which Distributable reserves: +€134,346
- Gross operating margin +€14,560
up €14,560 (+8.9%), from €163,149 to €177,709
- Taxes +€8,334
up €8,334 (+15.8%), from €52,828 to €61,162
- Other operating charges -€2,331
down €2,331 (-73.1%), from €3,188 to €858
- Financial charges -€2,058
down €2,058 (-66.2%), from €3,110 to €1,052
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 | €778,432 | €912,605 | +€134,174 | +17.2% |
| Fixed assets | 21/28 | €10,336 | €8,106 | -€2,230 | -21.6% |
| Tangible fixed assets | 22/27 | €10,336 | €8,106 | -€2,230 | -21.6% |
| Land and buildings | 22 | €5,000 | €5,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,231 | €385 | -€846 | -68.7% |
| Furniture and vehicles | 24 | €4,105 | €2,721 | -€1,384 | -33.7% |
| Current assets | 29/58 | €768,096 | €904,499 | +€136,403 | +17.8% |
| Amounts receivable after more than one year | 29 | €451,062 | €451,062 | = | 0.0% |
| Other amounts receivable | 291 | €451,062 | €451,062 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €215,935 | €133,433 | -€82,502 | -38.2% |
| Trade receivables | 40 | €26,469 | €26,957 | +€488 | +1.8% |
| Other amounts receivable | 41 | €189,466 | €106,476 | -€82,990 | -43.8% |
| Current investments | 50/53 | - | €175,000 | +€175,000 | |
| Cash at bank and in hand | 54/58 | €79,134 | €121,749 | +€42,615 | +53.9% |
| Deferred charges and accrued income | 490/1 | €21,964 | €23,255 | +€1,290 | +5.9% |
| Total equity and liabilities | 10/49 | €778,432 | €912,605 | +€134,174 | +17.2% |
| Equity | 10/15 | €727,582 | €861,928 | +€134,346 | +18.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €721,385 | €855,731 | +€134,346 | +18.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €721,385 | €855,731 | +€134,346 | +18.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €50,850 | €50,677 | -€172 | -0.3% |
| Amounts payable within one year | 42/48 | €50,850 | €50,677 | -€172 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €10,062 | €9,904 | -€158 | -1.6% |
| Credit institutions | 430/8 | €10,062 | €9,904 | -€158 | -1.6% |
| Trade debts | 44 | €163 | €16 | -€148 | -90.5% |
| Suppliers | 440/4 | €163 | €16 | -€148 | -90.5% |
| Taxes, remuneration and social security | 45 | €31,220 | €39,925 | +€8,705 | +27.9% |
| Taxes | 450/3 | €31,220 | €39,925 | +€8,705 | +27.9% |
| Other amounts payable | 47/48 | €9,405 | €833 | -€8,572 | -91.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €19,174 | €0 | -€19,174 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,610 | €2,230 | -€380 | -14.6% |
| Other operating charges | 640/8 | €3,188 | €858 | -€2,331 | -73.1% |
| Gross operating margin | 9900 | €163,149 | €177,709 | +€14,560 | +8.9% |
| Operating profit (loss) | 9901 | €157,350 | €174,622 | +€17,271 | +11.0% |
| Financial income | 75/76B | €21,287 | €22,771 | +€1,484 | +7.0% |
| Recurring financial income | 75 | €21,287 | €22,771 | +€1,484 | +7.0% |
| Financial charges | 65/66B | €3,110 | €1,052 | -€2,058 | -66.2% |
| Recurring financial charges | 65 | €3,110 | €1,052 | -€2,058 | -66.2% |
| Profit (loss) for the period before taxes | 9903 | €175,527 | €196,340 | +€20,814 | +11.9% |
| Income taxes | 67/77 | €52,828 | €61,162 | +€8,334 | +15.8% |
| Profit (loss) for the period | 9904 | €122,699 | €135,179 | +€12,480 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €122,699 | €135,179 | +€12,480 | +10.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.