HUBTECH: 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.
HUBTECH
Largest movements
- Cash +€21,794
up €21,794 (+34.3%), from €63,455 to €85,250
mainly Net result for the year (+€23,430) and Other debts (+€16,640)
- Receivables within one year +€6,021
up €6,021 (+31.8%), from €18,906 to €24,927
of which Other amounts receivable: +€5,389
- Tangible fixed assets -€4,949
down €4,949 (-19.2%), from €25,720 to €20,771
of which Furniture and vehicles: -€3,423
- Reserves +€23,430
up €23,430 (+1259.7%), from €1,860 to €25,290
- Profit (loss) carried forward -€20,000
down €20,000 (-39.1%), from €51,090 to €31,090
- Other debts +€16,640
up €16,640 (+39.2%), from €42,494 to €59,134
- Trade debts +€1,445
up €1,445 (+148.0%), from €976 to €2,421
- Tax, wage and social debts +€1,341
up €1,341 (+11.5%), from €11,661 to €13,002
- Gross operating margin -€6,539
down €6,539 (-14.3%), from €45,819 to €39,281
- Depreciation -€1,084
down €1,084 (-18.0%), from €6,033 to €4,949
- Taxes +€1,077
up €1,077 (+12.1%), from €8,877 to €9,954
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 | €108,082 | €130,948 | +€22,866 | +21.2% |
| Fixed assets | 21/28 | €25,720 | €20,771 | -€4,949 | -19.2% |
| Tangible fixed assets | 22/27 | €25,720 | €20,771 | -€4,949 | -19.2% |
| Land and buildings | 22 | €5,310 | €3,784 | -€1,526 | -28.7% |
| Furniture and vehicles | 24 | €20,410 | €16,987 | -€3,423 | -16.8% |
| Current assets | 29/58 | €82,361 | €110,177 | +€27,815 | +33.8% |
| Amounts receivable within one year | 40/41 | €18,906 | €24,927 | +€6,021 | +31.8% |
| Trade receivables | 40 | €14,781 | €15,412 | +€632 | +4.3% |
| Other amounts receivable | 41 | €4,126 | €9,515 | +€5,389 | +130.6% |
| Cash at bank and in hand | 54/58 | €63,455 | €85,250 | +€21,794 | +34.3% |
| Total equity and liabilities | 10/49 | €108,082 | €130,948 | +€22,866 | +21.2% |
| Equity | 10/15 | €52,950 | €56,380 | +€3,430 | +6.5% |
| Reserves | 13 | €1,860 | €25,290 | +€23,430 | +1259.7% |
| Distributable reserves | 133 | €1,860 | €25,290 | +€23,430 | +1259.7% |
| Profit (loss) carried forward | 14 | €51,090 | €31,090 | -€20,000 | -39.1% |
| Amounts payable | 17/49 | €55,132 | €74,568 | +€19,436 | +35.3% |
| Amounts payable within one year | 42/48 | €55,132 | €74,558 | +€19,426 | +35.2% |
| Trade debts | 44 | €976 | €2,421 | +€1,445 | +148.0% |
| Suppliers | 440/4 | €976 | €2,421 | +€1,445 | +148.0% |
| Taxes, remuneration and social security | 45 | €11,661 | €13,002 | +€1,341 | +11.5% |
| Taxes | 450/3 | €11,661 | €13,002 | +€1,341 | +11.5% |
| Other amounts payable | 47/48 | €42,494 | €59,134 | +€16,640 | +39.2% |
| Accrued charges and deferred income | 492/3 | - | €10 | +€10 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,033 | €4,949 | -€1,084 | -18.0% |
| Other operating charges | 640/8 | €777 | €612 | -€164 | -21.1% |
| Gross operating margin | 9900 | €45,819 | €39,281 | -€6,539 | -14.3% |
| Operating profit (loss) | 9901 | €39,010 | €33,719 | -€5,290 | -13.6% |
| Financial income | 75/76B | €378 | - | -€378 | |
| Recurring financial income | 75 | €378 | - | -€378 | |
| Financial charges | 65/66B | €180 | €335 | +€155 | +85.8% |
| Recurring financial charges | 65 | €180 | €335 | +€155 | +85.8% |
| Profit (loss) for the period before taxes | 9903 | €39,208 | €33,384 | -€5,823 | -14.9% |
| Income taxes | 67/77 | €8,877 | €9,954 | +€1,077 | +12.1% |
| Profit (loss) for the period | 9904 | €30,331 | €23,430 | -€6,900 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,331 | €23,430 | -€6,900 | -22.8% |
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 5 October 2026 via checked.be.