AUG. HULPIAU: 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.
What changed
AUG. HULPIAU
NACE 46.480, Wholesale trade
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€505
2023 · €10,385-€9,881
Equity
€410,336
2023 · €409,831+€505
Cash
€1,004
2023 · €2,714-€1,710
Balance sheet total
€728,123
2023 · €784,409-€56,285
Largest movements
Assets
- Stocks and contracts -€57,312
down €57,312 (-7.5%), from €765,789 to €708,476
Equity and liabilities
- Trade debts -€33,451
down €33,451 (-46.1%), from €72,607 to €39,156
- Short-term financial debts -€31,501
down €31,501 (-25.5%), from €123,595 to €92,094
Income statement
- Gross operating margin -€31,694
down €31,694 (-63.4%), from €49,989 to €18,295
- Depreciation -€9,840
down €9,840 (-72.9%), from €13,496 to €3,656
- Other operating charges -€9,517
down €9,517 (-93.6%), from €10,170 to €652
- Financial charges -€1,277
down €1,277 (-8.6%), from €14,770 to €13,492
- Taxes -€1,170
down €1,170 (-100%), from €1,170 to €0
From the 2023 result to the 2024 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.
Result 2023
€10,385
Gross operating margin
-€31,694
Depreciation
+€9,840
Other operating charges
+€9,517
Financial income
+€9
Financial charges
+€1,277
Taxes
+€1,170
Result 2024
€505
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€29,791
Investment
€0
Financing
-€31,501
Cash 2023
€2,714
From operations (derived)
+€29,791
Net result for the year
+€505
Depreciation
+€3,656
Stocks and contracts
+€57,312
Receivables within one year
-€6,825
Deferred charges and accrued income
+€432
Trade debts
-€33,451
Tax, wage and social debts
+€5,398
Other debts
+€1,554
Accrued charges and deferred income
+€1,209
Financing
-€31,501
Short-term financial debts
-€31,501
Cash 2024
€1,004
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €784,409 | €728,123 | -€56,285 | -7.2% |
| Fixed assets | 21/28 | €10,563 | €6,907 | -€3,656 | -34.6% |
| Intangible fixed assets | 21 | €2,814 | €1,909 | -€905 | -32.2% |
| Tangible fixed assets | 22/27 | €7,249 | €4,498 | -€2,751 | -37.9% |
| Land and buildings | 22 | €3,296 | €2,292 | -€1,004 | -30.5% |
| Furniture and vehicles | 24 | €3,952 | €2,206 | -€1,747 | -44.2% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €773,846 | €721,216 | -€52,630 | -6.8% |
| Stocks and contracts in progress | 3 | €765,789 | €708,476 | -€57,312 | -7.5% |
| Stocks | 30/36 | €765,789 | €708,476 | -€57,312 | -7.5% |
| Amounts receivable within one year | 40/41 | €1,381 | €8,206 | +€6,825 | +494% |
| Other amounts receivable | 41 | €1,381 | €8,206 | +€6,825 | +494% |
| Cash at bank and in hand | 54/58 | €2,714 | €1,004 | -€1,710 | -63.0% |
| Deferred charges and accrued income | 490/1 | €3,962 | €3,530 | -€432 | -10.9% |
| Total equity and liabilities | 10/49 | €784,409 | €728,123 | -€56,285 | -7.2% |
| Equity | 10/15 | €409,831 | €410,336 | +€505 | +0.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €346,895 | €347,895 | +€1,000 | +0.3% |
| Non-distributable reserves | 130/1 | €5,200 | €5,200 | = | 0.0% |
| Legal reserve | 130 | €5,200 | €5,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €695 | €695 | = | 0.0% |
| Distributable reserves | 133 | €341,000 | €342,000 | +€1,000 | +0.3% |
| Profit (loss) carried forward | 14 | €936 | €441 | -€495 | -52.9% |
| Amounts payable | 17/49 | €374,578 | €317,788 | -€56,790 | -15.2% |
| Amounts payable within one year | 42/48 | €369,379 | €311,380 | -€57,999 | -15.7% |
| Financial debts | 43 | €123,595 | €92,094 | -€31,501 | -25.5% |
| Credit institutions | 430/8 | €123,595 | €92,094 | -€31,501 | -25.5% |
| Trade debts | 44 | €72,607 | €39,156 | -€33,451 | -46.1% |
| Suppliers | 440/4 | €72,607 | €39,156 | -€33,451 | -46.1% |
| Taxes, remuneration and social security | 45 | €8,377 | €13,775 | +€5,398 | +64.4% |
| Taxes | 450/3 | €8,377 | €13,775 | +€5,398 | +64.4% |
| Other amounts payable | 47/48 | €164,800 | €166,354 | +€1,554 | +0.9% |
| Accrued charges and deferred income | 492/3 | €5,199 | €6,408 | +€1,209 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,496 | €3,656 | -€9,840 | -72.9% |
| Other operating charges | 640/8 | €10,170 | €652 | -€9,517 | -93.6% |
| Gross operating margin | 9900 | €49,989 | €18,295 | -€31,694 | -63.4% |
| Operating profit (loss) | 9901 | €26,324 | €13,987 | -€12,337 | -46.9% |
| Financial income | 75/76B | €1 | €11 | +€9 | +664% |
| Recurring financial income | 75 | €1 | €11 | +€9 | +664% |
| Financial charges | 65/66B | €14,770 | €13,492 | -€1,277 | -8.6% |
| Recurring financial charges | 65 | €14,770 | €13,492 | -€1,277 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €11,555 | €505 | -€11,051 | -95.6% |
| Income taxes | 67/77 | €1,170 | €0 | -€1,170 | -100% |
| Profit (loss) for the period | 9904 | €10,385 | €505 | -€9,881 | -95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,385 | €505 | -€9,881 | -95.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.