SAINT-HUBERT EXPLOITATION: 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.
SAINT-HUBERT EXPLOITATION
Largest movements
- Receivables within one year -€238,509
down €238,509 (-37.0%), from €645,107 to €406,598
of which Trade receivables: -€229,038
- Tangible fixed assets -€27,866
down €27,866 (-17.8%), from €156,548 to €128,682
of which Land and buildings: -€16,520
- Debts after one year -€180,669
down €180,669 (-57.2%), from €315,957 to €135,287
- Trade debts -€130,761
down €130,761 (-34.7%), from €377,219 to €246,458
- Profit (loss) carried forward +€66,241
up €66,241 (+47.7%), from -€138,803 to -€72,563
- Other debts -€35,000
no longer reported in 2025 (was €35,000)
- Gross operating margin +€54,253
up €54,253 (+17.0%), from €318,449 to €372,702
- Staff costs +€31,410
up €31,410 (+20.0%), from €157,395 to €188,805
- Financial charges +€22,609
up €22,609 (+171.5%), from €13,185 to €35,794
of which Non-recurring financial charges: +€27,907
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 | €1,219,602 | €946,536 | -€273,065 | -22.4% |
| Fixed assets | 21/28 | €544,891 | €508,608 | -€36,284 | -6.7% |
| Intangible fixed assets | 21 | €16,100 | €7,683 | -€8,417 | -52.3% |
| Tangible fixed assets | 22/27 | €156,548 | €128,682 | -€27,866 | -17.8% |
| Land and buildings | 22 | €75,944 | €59,425 | -€16,520 | -21.8% |
| Plant, machinery and equipment | 23 | €44,064 | €40,280 | -€3,784 | -8.6% |
| Furniture and vehicles | 24 | €36,540 | €28,977 | -€7,563 | -20.7% |
| Financial fixed assets | 28 | €372,243 | €372,243 | = | 0.0% |
| Current assets | 29/58 | €674,710 | €437,928 | -€236,782 | -35.1% |
| Amounts receivable within one year | 40/41 | €645,107 | €406,598 | -€238,509 | -37.0% |
| Trade receivables | 40 | €620,717 | €391,679 | -€229,038 | -36.9% |
| Other amounts receivable | 41 | €24,390 | €14,919 | -€9,472 | -38.8% |
| Cash at bank and in hand | 54/58 | €11,294 | €16,333 | +€5,038 | +44.6% |
| Deferred charges and accrued income | 490/1 | €18,309 | €14,998 | -€3,311 | -18.1% |
| Total equity and liabilities | 10/49 | €1,219,602 | €946,536 | -€273,065 | -22.4% |
| Equity | 10/15 | €465,822 | €532,062 | +€66,241 | +14.2% |
| Contributions | 10/11 | €601,350 | €601,350 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Outside capital | 11 | €1,350 | €1,350 | = | 0.0% |
| Share premium | 1100/10 | €1,350 | €1,350 | = | 0.0% |
| Reserves | 13 | €3,275 | €3,275 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,275 | €3,275 | = | 0.0% |
| Legal reserve | 130 | €3,275 | €3,275 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€138,803 | -€72,563 | +€66,241 | +47.7% |
| Amounts payable | 17/49 | €753,780 | €414,474 | -€339,306 | -45.0% |
| Amounts payable after more than one year | 17 | €315,957 | €135,287 | -€180,669 | -57.2% |
| Financial debts | 170/4 | €315,957 | €135,287 | -€180,669 | -57.2% |
| Amounts payable within one year | 42/48 | €437,823 | €275,287 | -€162,537 | -37.1% |
| Current portion of amounts payable after more than one year | 42 | - | €8,307 | +€8,307 | |
| Trade debts | 44 | €377,219 | €246,458 | -€130,761 | -34.7% |
| Suppliers | 440/4 | €377,219 | €246,458 | -€130,761 | -34.7% |
| Taxes, remuneration and social security | 45 | €25,605 | €20,522 | -€5,083 | -19.9% |
| Taxes | 450/3 | €4,509 | €1,869 | -€2,640 | -58.6% |
| Remuneration and social security | 454/9 | €21,096 | €18,653 | -€2,443 | -11.6% |
| Other amounts payable | 47/48 | €35,000 | - | -€35,000 | |
| Accrued charges and deferred income | 492/3 | - | €3,900 | +€3,900 | |
| Remuneration, social security and pensions | 62 | €157,395 | €188,805 | +€31,410 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,617 | €43,886 | +€2,269 | +5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €32,284 | €34,335 | +€2,051 | +6.4% |
| Other operating charges | 640/8 | €6,150 | €6,959 | +€810 | +13.2% |
| Gross operating margin | 9900 | €318,449 | €372,702 | +€54,253 | +17.0% |
| Operating profit (loss) | 9901 | €81,002 | €98,715 | +€17,713 | +21.9% |
| Financial income | 75/76B | €0 | €3,320 | +€3,320 | +11065066.7% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +2800.0% |
| Non-recurring financial income | 76B | - | €3,319 | +€3,319 | |
| Financial charges | 65/66B | €13,185 | €35,794 | +€22,609 | +171.5% |
| Recurring financial charges | 65 | €13,185 | €7,887 | -€5,298 | -40.2% |
| Non-recurring financial charges | 66B | - | €27,907 | +€27,907 | |
| Profit (loss) for the period before taxes | 9903 | €67,816 | €66,241 | -€1,576 | -2.3% |
| Profit (loss) for the period | 9904 | €67,816 | €66,241 | -€1,576 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €67,816 | €66,241 | -€1,576 | -2.3% |
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 7 October 2026 via checked.be.