HURBZ: 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.
HURBZ
Largest movements
- Stocks and contracts -€4,786
down €4,786 (-39.4%), from €12,145 to €7,359
- Receivables within one year -€1,129
down €1,129 (-50.8%), from €2,223 to €1,094
of which Trade receivables: -€889
- Tangible fixed assets -€1,098
down €1,098 (-29.3%), from €3,740 to €2,642
- Profit (loss) carried forward -€7,462
down €7,462 (-4.2%), from -€177,717 to -€185,180
- Other debts +€384
up €384 (+0.3%), from €142,282 to €142,666
- Trade debts +€214
up €214 (+5.4%), from €3,932 to €4,146
- Gross operating margin +€20,193
up €20,193 (+77.6%), from -€26,021 to -€5,828
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 | €18,496 | €11,632 | -€6,864 | -37.1% |
| Fixed assets | 21/28 | €3,740 | €2,642 | -€1,098 | -29.3% |
| Tangible fixed assets | 22/27 | €3,740 | €2,642 | -€1,098 | -29.3% |
| Plant, machinery and equipment | 23 | €3,740 | €2,642 | -€1,098 | -29.3% |
| Current assets | 29/58 | €14,756 | €8,990 | -€5,767 | -39.1% |
| Stocks and contracts in progress | 3 | €12,145 | €7,359 | -€4,786 | -39.4% |
| Stocks | 30/36 | €12,145 | €7,359 | -€4,786 | -39.4% |
| Amounts receivable within one year | 40/41 | €2,223 | €1,094 | -€1,129 | -50.8% |
| Trade receivables | 40 | €1,933 | €1,044 | -€889 | -46.0% |
| Other amounts receivable | 41 | €290 | €50 | -€240 | -82.7% |
| Cash at bank and in hand | 54/58 | €388 | €537 | +€148 | +38.2% |
| Total equity and liabilities | 10/49 | €18,496 | €11,632 | -€6,864 | -37.1% |
| Equity | 10/15 | -€127,717 | -€135,180 | -€7,462 | -5.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€177,717 | -€185,180 | -€7,462 | -4.2% |
| Amounts payable | 17/49 | €146,213 | €146,812 | +€598 | +0.4% |
| Amounts payable within one year | 42/48 | €146,213 | €146,812 | +€598 | +0.4% |
| Trade debts | 44 | €3,932 | €4,146 | +€214 | +5.4% |
| Suppliers | 440/4 | €3,932 | €4,146 | +€214 | +5.4% |
| Other amounts payable | 47/48 | €142,282 | €142,666 | +€384 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,098 | €1,098 | = | 0.0% |
| Other operating charges | 640/8 | €239 | €414 | +€175 | +73.2% |
| Gross operating margin | 9900 | -€26,021 | -€5,828 | +€20,193 | +77.6% |
| Operating profit (loss) | 9901 | -€27,357 | -€7,339 | +€20,018 | +73.2% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €135 | €123 | -€12 | -8.8% |
| Recurring financial charges | 65 | €135 | €123 | -€12 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | -€27,486 | -€7,462 | +€20,023 | +72.8% |
| Profit (loss) for the period | 9904 | -€27,486 | -€7,462 | +€20,023 | +72.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,486 | -€7,462 | +€20,023 | +72.8% |
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 13 October 2026 via checked.be.