#SustainableHub: 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.
#SustainableHub
Largest movements
- Cash +€227,376
up €227,376 (+127%), from €179,325 to €406,701
mainly Debts after one year (+€150,000) and Trade debts (+€93,983)
- Tangible fixed assets -€78,823
down €78,823 (-10.1%), from €778,131 to €699,308
of which Plant, machinery and equipment: -€39,669
- Receivables within one year +€49,038
up €49,038 (+178%), from €27,563 to €76,601
of which Trade receivables: +€56,385
- Debts after one year +€150,000
up €150,000 (+33.3%), from €450,000 to €600,000
- Profit (loss) carried forward -€110,432
down €110,432 (-83.6%), from €132,079 to €21,647
- Trade debts +€93,983
up €93,983 (+303%), from €31,008 to €124,991
- Accrued charges and deferred income +€61,481
up €61,481 (+158%), from €38,820 to €100,301
- Gross operating margin -€204,476
down €204,476 (-48.1%), from €425,254 to €220,777
- Staff costs +€25,796
up €25,796 (+49.0%), from €52,699 to €78,495
- Taxes -€11,056
down €11,056 (-100%), from €11,056 to €0
- Other operating charges +€10,869
up €10,869 (+8.3%), from €131,428 to €142,297
- Depreciation +€9,011
up €9,011 (+11.7%), from €76,943 to €85,953
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 | €986,534 | €1,193,903 | +€207,369 | +21.0% |
| Fixed assets | 21/28 | €778,131 | €699,308 | -€78,823 | -10.1% |
| Tangible fixed assets | 22/27 | €778,131 | €699,308 | -€78,823 | -10.1% |
| Plant, machinery and equipment | 23 | €362,006 | €322,337 | -€39,669 | -11.0% |
| Other tangible fixed assets | 26 | €416,125 | €376,971 | -€39,154 | -9.4% |
| Current assets | 29/58 | €208,403 | €494,595 | +€286,192 | +137% |
| Amounts receivable within one year | 40/41 | €27,563 | €76,601 | +€49,038 | +178% |
| Trade receivables | 40 | €20,217 | €76,601 | +€56,385 | +279% |
| Other amounts receivable | 41 | €7,346 | €0 | -€7,346 | -100% |
| Cash at bank and in hand | 54/58 | €179,325 | €406,701 | +€227,376 | +127% |
| Deferred charges and accrued income | 490/1 | €1,515 | €11,293 | +€9,778 | +645% |
| Total equity and liabilities | 10/49 | €986,534 | €1,193,903 | +€207,369 | +21.0% |
| Equity | 10/15 | €434,079 | €323,647 | -€110,432 | -25.4% |
| Contributions | 10/11 | €302,000 | €302,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,079 | €21,647 | -€110,432 | -83.6% |
| Amounts payable | 17/49 | €552,456 | €870,256 | +€317,801 | +57.5% |
| Amounts payable after more than one year | 17 | €450,000 | €600,000 | +€150,000 | +33.3% |
| Financial debts | 170/4 | €450,000 | €600,000 | +€150,000 | +33.3% |
| Amounts payable within one year | 42/48 | €63,636 | €169,956 | +€106,320 | +167% |
| Trade debts | 44 | €31,008 | €124,991 | +€93,983 | +303% |
| Suppliers | 440/4 | €31,008 | €124,991 | +€93,983 | +303% |
| Taxes, remuneration and social security | 45 | €32,528 | €40,543 | +€8,015 | +24.6% |
| Taxes | 450/3 | €27,366 | €29,760 | +€2,394 | +8.7% |
| Remuneration and social security | 454/9 | €5,162 | €10,783 | +€5,622 | +109% |
| Other amounts payable | 47/48 | €100 | €4,421 | +€4,321 | +4,321% |
| Accrued charges and deferred income | 492/3 | €38,820 | €100,301 | +€61,481 | +158% |
| Remuneration, social security and pensions | 62 | €52,699 | €78,495 | +€25,796 | +49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,943 | €85,953 | +€9,011 | +11.7% |
| Other operating charges | 640/8 | €131,428 | €142,297 | +€10,869 | +8.3% |
| Gross operating margin | 9900 | €425,254 | €220,777 | -€204,476 | -48.1% |
| Operating profit (loss) | 9901 | €164,184 | -€85,968 | -€250,152 | |
| Financial income | 75/76B | €105 | €0 | -€105 | -99.9% |
| Recurring financial income | 75 | €105 | €0 | -€105 | -99.9% |
| Financial charges | 65/66B | €21,154 | €24,464 | +€3,310 | +15.6% |
| Recurring financial charges | 65 | €21,154 | €24,464 | +€3,310 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €143,135 | -€110,432 | -€253,567 | |
| Income taxes | 67/77 | €11,056 | €0 | -€11,056 | -100% |
| Profit (loss) for the period | 9904 | €132,079 | -€110,432 | -€242,510 | |
| Profit (loss) for the period to be appropriated | 9905 | €132,079 | -€110,432 | -€242,510 |
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 20 October 2026 via checked.be.