SRL HUBERT: 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.
SRL HUBERT
Largest movements
- Receivables within one year +€161,933
up €161,933 (+85.1%), from €190,371 to €352,304
of which Trade receivables: +€166,636
- Intangible fixed assets -€57,737
down €57,737 (-25.0%), from €230,789 to €173,053
- Cash +€42,854
up €42,854 (+66.4%), from €64,539 to €107,393
mainly Depreciation (+€126,197) and Net result for the year (+€106,426)
- Tangible fixed assets -€19,470
down €19,470 (-12.1%), from €160,410 to €140,939
of which Furniture and vehicles: -€19,316
- Profit (loss) carried forward +€104,192
up €104,192 (+652.7%), from €15,964 to €120,156
- Tax, wage and social debts +€28,647
up €28,647 (+359.8%), from €7,961 to €36,608
of which Taxes: +€25,578
- Other debts -€11,079
down €11,079 (-13.6%), from €81,471 to €70,391
- Trade debts +€8,550
up €8,550 (+1.7%), from €494,946 to €503,496
- Gross operating margin +€153,967
up €153,967 (+100.7%), from €152,831 to €306,798
- Taxes +€25,163
up €25,163 (+641.9%), from €3,920 to €29,084
- Depreciation +€19,835
up €19,835 (+18.6%), from €106,362 to €126,197
- Staff costs +€16,192
up €16,192 (+90.2%), from €17,951 to €34,143
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 | €650,341 | €780,651 | +€130,310 | +20.0% |
| Fixed assets | 21/28 | €391,199 | €313,992 | -€77,207 | -19.7% |
| Intangible fixed assets | 21 | €230,789 | €173,053 | -€57,737 | -25.0% |
| Tangible fixed assets | 22/27 | €160,410 | €140,939 | -€19,470 | -12.1% |
| Plant, machinery and equipment | 23 | €47,548 | €47,393 | -€155 | -0.3% |
| Furniture and vehicles | 24 | €112,862 | €93,546 | -€19,316 | -17.1% |
| Current assets | 29/58 | €259,142 | €466,659 | +€207,518 | +80.1% |
| Stocks and contracts in progress | 3 | €2,151 | €3,623 | +€1,472 | +68.4% |
| Stocks | 30/36 | €2,151 | €3,623 | +€1,472 | +68.4% |
| Amounts receivable within one year | 40/41 | €190,371 | €352,304 | +€161,933 | +85.1% |
| Trade receivables | 40 | €180,502 | €347,138 | +€166,636 | +92.3% |
| Other amounts receivable | 41 | €9,870 | €5,166 | -€4,703 | -47.7% |
| Cash at bank and in hand | 54/58 | €64,539 | €107,393 | +€42,854 | +66.4% |
| Deferred charges and accrued income | 490/1 | €2,081 | €3,340 | +€1,259 | +60.5% |
| Total equity and liabilities | 10/49 | €650,341 | €780,651 | +€130,310 | +20.0% |
| Equity | 10/15 | €65,964 | €170,156 | +€104,192 | +158.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,964 | €120,156 | +€104,192 | +652.7% |
| Amounts payable | 17/49 | €584,377 | €610,495 | +€26,118 | +4.5% |
| Amounts payable within one year | 42/48 | €584,377 | €610,495 | +€26,118 | +4.5% |
| Trade debts | 44 | €494,946 | €503,496 | +€8,550 | +1.7% |
| Suppliers | 440/4 | €494,946 | €503,496 | +€8,550 | +1.7% |
| Taxes, remuneration and social security | 45 | €7,961 | €36,608 | +€28,647 | +359.8% |
| Taxes | 450/3 | €5,332 | €30,911 | +€25,578 | +479.7% |
| Remuneration and social security | 454/9 | €2,629 | €5,697 | +€3,068 | +116.7% |
| Other amounts payable | 47/48 | €81,471 | €70,391 | -€11,079 | -13.6% |
| Remuneration, social security and pensions | 62 | €17,951 | €34,143 | +€16,192 | +90.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,362 | €126,197 | +€19,835 | +18.6% |
| Other operating charges | 640/8 | €4,251 | €5,427 | +€1,176 | +27.7% |
| Non-recurring operating charges | 66A | €211 | €1,075 | +€863 | +408.6% |
| Gross operating margin | 9900 | €152,831 | €306,798 | +€153,967 | +100.7% |
| Operating profit (loss) | 9901 | €24,055 | €139,955 | +€115,900 | +481.8% |
| Financial charges | 65/66B | €2,505 | €4,445 | +€1,940 | +77.5% |
| Recurring financial charges | 65 | €2,505 | €4,445 | +€1,940 | +77.5% |
| Profit (loss) for the period before taxes | 9903 | €21,550 | €135,510 | +€113,960 | +528.8% |
| Income taxes | 67/77 | €3,920 | €29,084 | +€25,163 | +641.9% |
| Profit (loss) for the period | 9904 | €17,630 | €106,426 | +€88,797 | +503.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,630 | €106,426 | +€88,797 | +503.7% |
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.