IMMO HUBEKO: 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.
IMMO HUBEKO
Largest movements
- Cash -€456,892
down €456,892 (-57.0%), from €801,195 to €344,303
mainly Receivables within one year (-€220,795) and Tax, wage and social debts (-€201,087)
- Receivables within one year +€220,795
up €220,795 (+107%), from €205,850 to €426,645
of which Other amounts receivable: +€220,795
- Tangible fixed assets -€19,015
down €19,015 (-4.0%), from €476,688 to €457,673
- Tax, wage and social debts -€201,087
no longer reported in 2025 (was €201,087)
- Debts after one year -€20,000
down €20,000 (-46.4%), from €43,102 to €23,102
of which Financial debts: -€20,000
- Write-downs +€5,017
new in 2025: €5,017
- Financial income +€4,315
up €4,315 (+64.5%), from €6,689 to €11,005
- Other operating charges +€1,494
up €1,494 (+12.3%), from €12,183 to €13,677
- Gross operating margin +€1,160
up €1,160 (+35.4%), from €3,276 to €4,435
- Taxes +€413
no longer reported in 2025 (was -€413)
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 | €1,850,632 | €1,600,534 | -€250,097 | -13.5% |
| Fixed assets | 21/28 | €476,688 | €457,673 | -€19,015 | -4.0% |
| Tangible fixed assets | 22/27 | €476,688 | €457,673 | -€19,015 | -4.0% |
| Land and buildings | 22 | €476,688 | €457,673 | -€19,015 | -4.0% |
| Current assets | 29/58 | €1,373,944 | €1,142,861 | -€231,082 | -16.8% |
| Amounts receivable after more than one year | 29 | €52,178 | €57,193 | +€5,014 | +9.6% |
| Trade receivables | 290 | €2,478 | - | -€2,478 | |
| Other amounts receivable | 291 | €49,701 | €57,193 | +€7,492 | +15.1% |
| Stocks and contracts in progress | 3 | €314,721 | €314,721 | = | 0.0% |
| Stocks | 30/36 | €314,721 | €314,721 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €205,850 | €426,645 | +€220,795 | +107% |
| Trade receivables | 40 | €23,682 | €23,682 | = | 0.0% |
| Other amounts receivable | 41 | €182,168 | €402,963 | +€220,795 | +121% |
| Cash at bank and in hand | 54/58 | €801,195 | €344,303 | -€456,892 | -57.0% |
| Total equity and liabilities | 10/49 | €1,850,632 | €1,600,534 | -€250,097 | -13.5% |
| Equity | 10/15 | €1,450,191 | €1,430,854 | -€19,337 | -1.3% |
| Contributions | 10/11 | €772,000 | €772,000 | = | 0.0% |
| Reserves | 13 | €58,533 | €51,531 | -€7,002 | -12.0% |
| Non-distributable reserves | 130/1 | €3,500 | - | -€3,500 | |
| Reserves not available under the articles | 1311 | €3,500 | - | -€3,500 | |
| Tax-exempt reserves | 132 | €17,489 | €10,487 | -€7,002 | -40.0% |
| Distributable reserves | 133 | €37,544 | €41,044 | +€3,500 | +9.3% |
| Profit (loss) carried forward | 14 | €619,658 | €607,323 | -€12,335 | -2.0% |
| Provisions and deferred taxes | 16 | €9,417 | €5,647 | -€3,771 | -40.0% |
| Deferred taxes | 168 | €9,417 | €5,647 | -€3,771 | -40.0% |
| Amounts payable | 17/49 | €391,023 | €164,034 | -€226,990 | -58.1% |
| Amounts payable after more than one year | 17 | €43,102 | €23,102 | -€20,000 | -46.4% |
| Financial debts | 170/4 | €30,000 | €10,000 | -€20,000 | -66.7% |
| Other amounts payable | 178/9 | €13,102 | €13,102 | = | 0.0% |
| Amounts payable within one year | 42/48 | €237,870 | €30,880 | -€206,990 | -87.0% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | - | €2,726 | +€2,726 | |
| Suppliers | 440/4 | - | €2,726 | +€2,726 | |
| Taxes, remuneration and social security | 45 | €201,087 | - | -€201,087 | |
| Taxes | 450/3 | €201,087 | - | -€201,087 | |
| Other amounts payable | 47/48 | €16,782 | €8,154 | -€8,628 | -51.4% |
| Accrued charges and deferred income | 492/3 | €110,052 | €110,052 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,015 | €19,015 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,017 | +€5,017 | |
| Other operating charges | 640/8 | €12,183 | €13,677 | +€1,494 | +12.3% |
| Gross operating margin | 9900 | €3,276 | €4,435 | +€1,160 | +35.4% |
| Operating profit (loss) | 9901 | -€27,922 | -€33,274 | -€5,351 | -19.2% |
| Financial income | 75/76B | €6,689 | €11,005 | +€4,315 | +64.5% |
| Recurring financial income | 75 | €6,689 | €11,005 | +€4,315 | +64.5% |
| Financial charges | 65/66B | €1,103 | €839 | -€265 | -24.0% |
| Recurring financial charges | 65 | €1,103 | €839 | -€265 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | -€22,336 | -€23,108 | -€771 | -3.5% |
| Transfer from deferred taxes | 780 | €3,771 | €3,771 | = | 0.0% |
| Income taxes | 67/77 | -€413 | - | +€413 | |
| Profit (loss) for the period | 9904 | -€18,153 | -€19,337 | -€1,184 | -6.5% |
| Transfer from tax-exempt reserves | 789 | €7,002 | €7,002 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,151 | -€12,335 | -€1,184 | -10.6% |
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 16 October 2026 via checked.be.