D'HULHAEGE: what changed
What changed
D'HULHAEGE
NACE 82.990, Other business support services
filed annual accounts (NBB)
Net result for the year
€3,678
2024 · -€10,767+€14,445
Equity
-€417,403
2024 · -€421,081+€3,678
Cash
€1,502
2024 · €1,502
Balance sheet total
€176,029
2024 · €169,804+€6,225
Largest movements
Assets
- Receivables within one year +€22,346
up €22,346 (+21.9%), from €102,001 to €124,347
of which Trade receivables: +€26,618
- Tangible fixed assets -€16,285
down €16,285 (-25.6%), from €63,565 to €47,279
Equity and liabilities
- Short-term financial debts +€7,678
up €7,678 (+19.0%), from €40,416 to €48,094
- Profit (loss) carried forward +€3,678
up €3,678 (+0.4%), from -€865,081 to -€861,403
- Other debts -€3,188
down €3,188 (-0.6%), from €543,088 to €539,900
- Trade debts -€2,355
down €2,355 (-41.0%), from €5,750 to €3,395
Income statement
- Gross operating margin +€18,836
up €18,836 (+217%), from €8,696 to €27,532
- Financial charges +€3,586
up €3,586 (+134%), from €2,680 to €6,266
- Financial income -€1,318
no longer reported in 2025 (was €1,318)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€10,767
Gross operating margin
+€18,836
Other operating charges
+€266
Other operating items
+€228
Financial income
-€1,318
Financial charges
-€3,586
Taxes
+€21
Result 2025
€3,678
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€7,678
Investment
€0
Financing
+€7,678
Cash 2024
€1,502
From operations (derived)
-€7,678
Net result for the year
+€3,678
Depreciation
+€16,285
Receivables within one year
-€22,346
Deferred charges and accrued income
-€165
Trade debts
-€2,355
Tax, wage and social debts
-€134
Other debts
-€3,188
Accrued charges and deferred income
+€547
Financing
+€7,678
Short-term financial debts
+€7,678
Cash 2025
€1,502
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €169,804 | €176,029 | +€6,225 | +3.7% |
| Fixed assets | 21/28 | €63,565 | €47,279 | -€16,285 | -25.6% |
| Tangible fixed assets | 22/27 | €63,565 | €47,279 | -€16,285 | -25.6% |
| Furniture and vehicles | 24 | €63,565 | €47,279 | -€16,285 | -25.6% |
| Current assets | 29/58 | €106,239 | €128,750 | +€22,511 | +21.2% |
| Amounts receivable within one year | 40/41 | €102,001 | €124,347 | +€22,346 | +21.9% |
| Trade receivables | 40 | €15,785 | €42,403 | +€26,618 | +169% |
| Other amounts receivable | 41 | €86,216 | €81,944 | -€4,272 | -5.0% |
| Cash at bank and in hand | 54/58 | €1,502 | €1,502 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €2,736 | €2,901 | +€165 | +6.0% |
| Total equity and liabilities | 10/49 | €169,804 | €176,029 | +€6,225 | +3.7% |
| Equity | 10/15 | -€421,081 | -€417,403 | +€3,678 | +0.9% |
| Contributions | 10/11 | €444,000 | €444,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€865,081 | -€861,403 | +€3,678 | +0.4% |
| Amounts payable | 17/49 | €590,884 | €593,432 | +€2,548 | +0.4% |
| Amounts payable within one year | 42/48 | €589,886 | €591,888 | +€2,001 | +0.3% |
| Financial debts | 43 | €40,416 | €48,094 | +€7,678 | +19.0% |
| Credit institutions | 430/8 | €40,416 | €48,094 | +€7,678 | +19.0% |
| Trade debts | 44 | €5,750 | €3,395 | -€2,355 | -41.0% |
| Suppliers | 440/4 | €5,750 | €3,395 | -€2,355 | -41.0% |
| Taxes, remuneration and social security | 45 | €633 | €499 | -€134 | -21.2% |
| Taxes | 450/3 | €633 | €499 | -€134 | -21.2% |
| Other amounts payable | 47/48 | €543,088 | €539,900 | -€3,188 | -0.6% |
| Accrued charges and deferred income | 492/3 | €998 | €1,544 | +€547 | +54.8% |
| Non-recurring operating income | 76A | €4,959 | €2,795 | -€2,164 | -43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,285 | €16,285 | = | 0.0% |
| Other operating charges | 640/8 | €1,329 | €1,064 | -€266 | -20.0% |
| Non-recurring operating charges | 66A | €228 | - | -€228 | |
| Gross operating margin | 9900 | €8,696 | €27,532 | +€18,836 | +217% |
| Operating profit (loss) | 9901 | -€9,146 | €10,183 | +€19,329 | |
| Financial income | 75/76B | €1,318 | - | -€1,318 | |
| Recurring financial income | 75 | €1,318 | - | -€1,318 | |
| Financial charges | 65/66B | €2,680 | €6,266 | +€3,586 | +134% |
| Recurring financial charges | 65 | €2,680 | €6,266 | +€3,586 | +134% |
| Profit (loss) for the period before taxes | 9903 | -€10,507 | €3,917 | +€14,424 | |
| Income taxes | 67/77 | €260 | €239 | -€21 | -8.0% |
| Profit (loss) for the period | 9904 | -€10,767 | €3,678 | +€14,445 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,767 | €3,678 | +€14,445 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.