HUBZ: 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.
HUBZ
Largest movements
- Current investments +€300,000
new in 2025: €300,000
- Cash -€81,264
down €81,264 (-37.9%), from €214,546 to €133,282
mainly Current investments (-€300,000) and Tax, wage and social debts (-€3,669)
- Receivables within one year -€32,338
down €32,338 (-9.7%), from €332,323 to €299,985
of which Other amounts receivable: -€34,645
- Reserves +€186,931
up €186,931 (+120%), from €156,245 to €343,176
- Financial income +€182,460
new in 2025: €182,460
- Gross operating margin -€10,443
down €10,443 (-14.4%), from €72,346 to €61,903
- Staff costs +€3,999
up €3,999 (+8.6%), from €46,684 to €50,683
- Taxes -€2,592
down €2,592 (-39.5%), from €6,559 to €3,967
- Other operating charges +€1,064
up €1,064 (+81.9%), from €1,299 to €2,363
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 | €2,180,472 | €2,367,581 | +€187,109 | +8.6% |
| Fixed assets | 21/28 | €1,633,602 | €1,633,602 | = | 0.0% |
| Financial fixed assets | 28 | €1,633,602 | €1,633,602 | = | 0.0% |
| Current assets | 29/58 | €546,869 | €733,979 | +€187,109 | +34.2% |
| Amounts receivable within one year | 40/41 | €332,323 | €299,985 | -€32,338 | -9.7% |
| Trade receivables | 40 | €3,950 | €6,257 | +€2,307 | +58.4% |
| Other amounts receivable | 41 | €328,373 | €293,728 | -€34,645 | -10.6% |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €214,546 | €133,282 | -€81,264 | -37.9% |
| Deferred charges and accrued income | 490/1 | - | €712 | +€712 | |
| Total equity and liabilities | 10/49 | €2,180,472 | €2,367,581 | +€187,109 | +8.6% |
| Equity | 10/15 | €2,155,858 | €2,342,789 | +€186,931 | +8.7% |
| Contributions | 10/11 | €1,999,614 | €1,999,614 | = | 0.0% |
| Reserves | 13 | €156,245 | €343,176 | +€186,931 | +120% |
| Distributable reserves | 133 | €156,245 | €343,176 | +€186,931 | +120% |
| Amounts payable | 17/49 | €24,613 | €24,791 | +€178 | +0.7% |
| Amounts payable within one year | 42/48 | €24,613 | €22,291 | -€2,322 | -9.4% |
| Trade debts | 44 | €3,392 | €4,738 | +€1,347 | +39.7% |
| Suppliers | 440/4 | €3,392 | €4,738 | +€1,347 | +39.7% |
| Taxes, remuneration and social security | 45 | €21,222 | €17,553 | -€3,669 | -17.3% |
| Taxes | 450/3 | €11,106 | €7,658 | -€3,448 | -31.0% |
| Remuneration and social security | 454/9 | €10,116 | €9,895 | -€220 | -2.2% |
| Accrued charges and deferred income | 492/3 | - | €2,500 | +€2,500 | |
| Remuneration, social security and pensions | 62 | €46,684 | €50,683 | +€3,999 | +8.6% |
| Other operating charges | 640/8 | €1,299 | €2,363 | +€1,064 | +81.9% |
| Gross operating margin | 9900 | €72,346 | €61,903 | -€10,443 | -14.4% |
| Operating profit (loss) | 9901 | €24,363 | €8,856 | -€15,507 | -63.6% |
| Financial income | 75/76B | - | €182,460 | +€182,460 | |
| Recurring financial income | 75 | - | €182,460 | +€182,460 | |
| Financial charges | 65/66B | €280 | €418 | +€138 | +49.4% |
| Recurring financial charges | 65 | €280 | €418 | +€138 | +49.4% |
| Profit (loss) for the period before taxes | 9903 | €24,084 | €190,898 | +€166,815 | +693% |
| Income taxes | 67/77 | €6,559 | €3,967 | -€2,592 | -39.5% |
| Profit (loss) for the period | 9904 | €17,524 | €186,931 | +€169,407 | +967% |
| Profit (loss) for the period to be appropriated | 9905 | €17,524 | €186,931 | +€169,407 | +967% |
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 31 October 2026 via checked.be.