HUBSZIK: 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.
HUBSZIK
Largest movements
- Receivables within one year +€10,466
up €10,466 (+317.7%), from €3,294 to €13,761
of which Other amounts receivable: +€9,812
- Intangible fixed assets +€1,800
new in 2025: €1,800
- Tangible fixed assets -€1,460
down €1,460 (-31.3%), from €4,666 to €3,207
of which Furniture and vehicles: -€1,016
- Cash +€1,061
up €1,061 (+1.7%), from €61,725 to €62,786
mainly Tax, wage and social debts (+€6,858) and Trade debts (+€6,625)
- Tax, wage and social debts +€6,858
new in 2025: €6,858
- Trade debts +€6,625
up €6,625 (+629.1%), from €1,053 to €7,678
- Profit (loss) carried forward -€6,624
down €6,624 (-10.4%), from €63,429 to €56,805
- Other debts +€4,734
up €4,734 (+84.4%), from €5,610 to €10,343
- Gross operating margin -€38,909
down €38,909, from €34,056 to -€4,853
- Taxes -€6,894
no longer reported in 2025 (was €6,894)
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 | €70,192 | €81,784 | +€11,593 | +16.5% |
| Fixed assets | 21/28 | €4,666 | €5,007 | +€340 | +7.3% |
| Intangible fixed assets | 21 | - | €1,800 | +€1,800 | |
| Tangible fixed assets | 22/27 | €4,666 | €3,207 | -€1,460 | -31.3% |
| Plant, machinery and equipment | 23 | €1,192 | €749 | -€443 | -37.2% |
| Furniture and vehicles | 24 | €3,475 | €2,458 | -€1,016 | -29.2% |
| Current assets | 29/58 | €65,525 | €76,777 | +€11,252 | +17.2% |
| Amounts receivable within one year | 40/41 | €3,294 | €13,761 | +€10,466 | +317.7% |
| Trade receivables | 40 | - | €655 | +€655 | |
| Other amounts receivable | 41 | €3,294 | €13,106 | +€9,812 | +297.8% |
| Cash at bank and in hand | 54/58 | €61,725 | €62,786 | +€1,061 | +1.7% |
| Deferred charges and accrued income | 490/1 | €506 | €231 | -€275 | -54.3% |
| Total equity and liabilities | 10/49 | €70,192 | €81,784 | +€11,593 | +16.5% |
| Equity | 10/15 | €63,529 | €56,905 | -€6,624 | -10.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,429 | €56,805 | -€6,624 | -10.4% |
| Amounts payable | 17/49 | €6,663 | €24,879 | +€18,217 | +273.4% |
| Amounts payable within one year | 42/48 | €6,663 | €24,879 | +€18,217 | +273.4% |
| Trade debts | 44 | €1,053 | €7,678 | +€6,625 | +629.1% |
| Suppliers | 440/4 | €1,053 | €7,678 | +€6,625 | +629.1% |
| Taxes, remuneration and social security | 45 | - | €6,858 | +€6,858 | |
| Taxes | 450/3 | - | €6,858 | +€6,858 | |
| Other amounts payable | 47/48 | €5,610 | €10,343 | +€4,734 | +84.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,367 | €1,660 | +€293 | +21.4% |
| Gross operating margin | 9900 | €34,056 | -€4,853 | -€38,909 | |
| Operating profit (loss) | 9901 | €32,689 | -€6,513 | -€39,202 | |
| Financial charges | 65/66B | €170 | €111 | -€59 | -34.6% |
| Recurring financial charges | 65 | €170 | €111 | -€59 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €32,520 | -€6,624 | -€39,143 | |
| Income taxes | 67/77 | €6,894 | - | -€6,894 | |
| Profit (loss) for the period | 9904 | €25,626 | -€6,624 | -€32,249 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,626 | -€6,624 | -€32,249 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.