Hubro: 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.
Hubro
Largest movements
- Tangible fixed assets -€13,419
down €13,419 (-3.8%), from €355,206 to €341,787
of which Land and buildings: -€12,728
- Cash +€8,759
up €8,759 (+280.4%), from €3,124 to €11,883
mainly Depreciation (+€13,419) and Receivables within one year (+€7,807)
- Receivables within one year -€7,807
down €7,807 (-11.2%), from €69,738 to €61,931
- Profit (loss) carried forward -€8,708
new in 2023: -€8,708
- Taxes -€1,830
no longer reported in 2023 (was €1,830)
- Gross operating margin +€718
up €718 (+7.3%), from €9,828 to €10,546
- Other operating charges -€167
down €167 (-14.0%), from €1,194 to €1,027
- Depreciation -€128
down €128 (-0.9%), from €13,546 to €13,419
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €480,825 | €470,158 | -€10,666 | -2.2% |
| Fixed assets | 21/28 | €355,206 | €341,787 | -€13,419 | -3.8% |
| Tangible fixed assets | 22/27 | €355,206 | €341,787 | -€13,419 | -3.8% |
| Land and buildings | 22 | €352,444 | €339,716 | -€12,728 | -3.6% |
| Plant, machinery and equipment | 23 | €2,761 | €2,071 | -€690 | -25.0% |
| Current assets | 29/58 | €125,619 | €128,371 | +€2,752 | +2.2% |
| Amounts receivable after more than one year | 29 | €52,757 | €52,757 | = | 0.0% |
| Trade receivables | 290 | - | €52,757 | +€52,757 | |
| Other amounts receivable | 291 | €52,757 | - | -€52,757 | |
| Amounts receivable within one year | 40/41 | €69,738 | €61,931 | -€7,807 | -11.2% |
| Other amounts receivable | 41 | €69,738 | €61,931 | -€7,807 | -11.2% |
| Cash at bank and in hand | 54/58 | €3,124 | €11,883 | +€8,759 | +280.4% |
| Deferred charges and accrued income | 490/1 | - | €1,800 | +€1,800 | |
| Total equity and liabilities | 10/49 | €480,825 | €470,158 | -€10,666 | -2.2% |
| Equity | 10/15 | €440,940 | €428,461 | -€12,479 | -2.8% |
| Contributions | 10/11 | €188,062 | €188,062 | = | 0.0% |
| Capital | 10 | €188,062 | €188,062 | = | 0.0% |
| Issued capital | 100 | €188,062 | €188,062 | = | 0.0% |
| Reserves | 13 | €252,878 | €249,107 | -€3,771 | -1.5% |
| Non-distributable reserves | 130/1 | €18,806 | €18,806 | = | 0.0% |
| Legal reserve | 130 | €18,806 | €18,806 | = | 0.0% |
| Tax-exempt reserves | 132 | €114,517 | €110,746 | -€3,771 | -3.3% |
| Distributable reserves | 133 | €119,554 | €119,554 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,708 | -€8,708 | |
| Provisions and deferred taxes | 16 | €38,132 | €36,875 | -€1,257 | -3.3% |
| Deferred taxes | 168 | €38,132 | €36,875 | -€1,257 | -3.3% |
| Amounts payable | 17/49 | €1,752 | €4,822 | +€3,070 | +175.2% |
| Amounts payable within one year | 42/48 | €1,752 | €3,122 | +€1,370 | +78.2% |
| Trade debts | 44 | - | €1,370 | +€1,370 | |
| Suppliers | 440/4 | - | €1,370 | +€1,370 | |
| Taxes, remuneration and social security | 45 | €1,752 | €1,752 | = | 0.0% |
| Taxes | 450/3 | €1,752 | €1,752 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,700 | +€1,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,546 | €13,419 | -€128 | -0.9% |
| Other operating charges | 640/8 | €1,194 | €1,027 | -€167 | -14.0% |
| Non-recurring operating charges | 66A | - | €13,500 | +€13,500 | |
| Gross operating margin | 9900 | €9,828 | €10,546 | +€718 | +7.3% |
| Operating profit (loss) | 9901 | -€4,912 | -€17,399 | -€12,487 | -254.2% |
| Financial income | 75/76B | €3,693 | €3,693 | = | 0.0% |
| Recurring financial income | 75 | €3,693 | €3,693 | = | 0.0% |
| Financial charges | 65/66B | €30 | €30 | = | 0.0% |
| Recurring financial charges | 65 | €30 | €30 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,249 | -€13,736 | -€12,487 | -999.5% |
| Transfer from deferred taxes | 780 | €1,257 | €1,257 | = | 0.0% |
| Income taxes | 67/77 | €1,830 | - | -€1,830 | |
| Profit (loss) for the period | 9904 | -€1,822 | -€12,479 | -€10,657 | -585.0% |
| Transfer from tax-exempt reserves | 789 | €3,711 | €3,771 | +€60 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,890 | -€8,708 | -€10,597 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.