HUBTEX BeLux: what changed
Two financial 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.
HUBTEX BeLux
Largest movements
- Receivables within one year -€369,686
down €369,686 (-59.8%), from €617,731 to €248,045
of which Trade receivables: -€374,263
- Cash +€328,055
up €328,055 (+157%), from €208,494 to €536,548
mainly Receivables within one year (+€369,686) and Depreciation (+€79,747)
- Tangible fixed assets -€47,758
down €47,758 (-16.9%), from €283,386 to €235,628
of which Furniture and vehicles: -€81,949
- Stocks and contracts +€34,023
up €34,023 (+11.3%), from €300,607 to €334,631
- Deferred charges and accrued income -€26,025
down €26,025 (-46.3%), from €56,265 to €30,240
- Advances received -€57,330
down €57,330 (-13.2%), from €434,720 to €377,390
- Profit (loss) carried forward -€41,446
down €41,446, from €0 to -€41,446
- Tax, wage and social debts +€35,430
up €35,430 (+33.9%), from €104,419 to €139,849
of which Taxes: +€43,707
- Gross operating margin -€59,461
down €59,461 (-7.1%), from €836,604 to €777,143
- Other operating charges +€40,046
up €40,046 (+1,264%), from €3,168 to €43,214
- Staff costs -€38,769
down €38,769 (-5.2%), from €749,613 to €710,844
- Taxes -€11,912
down €11,912 (-98.3%), from €12,119 to €208
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.
Derived cash bridge
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 | €1,470,912 | €1,387,810 | -€83,103 | -5.6% |
| Fixed assets | 21/28 | €287,816 | €238,346 | -€49,470 | -17.2% |
| Intangible fixed assets | 21 | €3,340 | €1,628 | -€1,712 | -51.3% |
| Tangible fixed assets | 22/27 | €283,386 | €235,628 | -€47,758 | -16.9% |
| Furniture and vehicles | 24 | €184,924 | €102,975 | -€81,949 | -44.3% |
| Other tangible fixed assets | 26 | €98,462 | €75,215 | -€23,246 | -23.6% |
| Assets under construction and advance payments | 27 | - | €57,437 | +€57,437 | |
| Financial fixed assets | 28 | €1,090 | €1,090 | = | 0.0% |
| Current assets | 29/58 | €1,183,097 | €1,149,464 | -€33,633 | -2.8% |
| Stocks and contracts in progress | 3 | €300,607 | €334,631 | +€34,023 | +11.3% |
| Stocks | 30/36 | €300,607 | €334,631 | +€34,023 | +11.3% |
| Amounts receivable within one year | 40/41 | €617,731 | €248,045 | -€369,686 | -59.8% |
| Trade receivables | 40 | €593,350 | €219,087 | -€374,263 | -63.1% |
| Other amounts receivable | 41 | €24,381 | €28,958 | +€4,577 | +18.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €208,494 | €536,548 | +€328,055 | +157% |
| Deferred charges and accrued income | 490/1 | €56,265 | €30,240 | -€26,025 | -46.3% |
| Total equity and liabilities | 10/49 | €1,470,912 | €1,387,810 | -€83,103 | -5.6% |
| Equity | 10/15 | €863,656 | €810,285 | -€53,371 | -6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €845,056 | €833,131 | -€11,925 | -1.4% |
| Tax-exempt reserves | 132 | €49,688 | €37,763 | -€11,925 | -24.0% |
| Distributable reserves | 133 | €795,368 | €795,368 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€41,446 | -€41,446 | |
| Provisions and deferred taxes | 16 | €16,563 | €12,588 | -€3,975 | -24.0% |
| Deferred taxes | 168 | €16,563 | €12,588 | -€3,975 | -24.0% |
| Amounts payable | 17/49 | €590,694 | €564,937 | -€25,757 | -4.4% |
| Amounts payable within one year | 42/48 | €572,594 | €549,434 | -€23,159 | -4.0% |
| Trade debts | 44 | €32,901 | €31,642 | -€1,260 | -3.8% |
| Suppliers | 440/4 | €32,901 | €31,642 | -€1,260 | -3.8% |
| Advances received on contracts in progress | 46 | €434,720 | €377,390 | -€57,330 | -13.2% |
| Taxes, remuneration and social security | 45 | €104,419 | €139,849 | +€35,430 | +33.9% |
| Taxes | 450/3 | €24,851 | €68,558 | +€43,707 | +176% |
| Remuneration and social security | 454/9 | €79,568 | €71,291 | -€8,277 | -10.4% |
| Other amounts payable | 47/48 | €554 | €554 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €18,100 | €15,503 | -€2,598 | -14.4% |
| Non-recurring operating income | 76A | €0 | €1,969 | +€1,969 | |
| Remuneration, social security and pensions | 62 | €749,613 | €710,844 | -€38,769 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,505 | €79,747 | -€6,759 | -7.8% |
| Other operating charges | 640/8 | €3,168 | €43,214 | +€40,046 | +1,264% |
| Non-recurring operating charges | 66A | €0 | €4,223 | +€4,223 | |
| Gross operating margin | 9900 | €836,604 | €777,143 | -€59,461 | -7.1% |
| Operating profit (loss) | 9901 | -€2,682 | -€60,884 | -€58,202 | -2,170% |
| Financial income | 75/76B | €16,584 | €13,951 | -€2,634 | -15.9% |
| Recurring financial income | 75 | €16,584 | €13,951 | -€2,634 | -15.9% |
| Financial charges | 65/66B | €2,825 | €10,204 | +€7,379 | +261% |
| Recurring financial charges | 65 | €2,825 | €10,204 | +€7,379 | +261% |
| Profit (loss) for the period before taxes | 9903 | €11,077 | -€57,138 | -€68,215 | |
| Transfer from deferred taxes | 780 | €3,313 | €3,975 | +€663 | +20.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €12,119 | €208 | -€11,912 | -98.3% |
| Profit (loss) for the period | 9904 | €2,270 | -€53,371 | -€55,641 | |
| Transfer from tax-exempt reserves | 789 | €9,938 | €11,925 | +€1,988 | +20.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €12,208 | -€41,446 | -€53,654 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.