d'HULST: 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.
d'HULST
Largest movements
- Cash +€43,858
up €43,858 (+10.2%), from €429,020 to €472,878
mainly Receivables after one year (+€40,000) and Net result for the year (+€3,756)
- Receivables after one year -€40,000
down €40,000 (-3.3%), from €1.2m to €1.2m
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€1,199
up €1,199 (+41.9%), from €2,865 to €4,064
- Other operating charges -€375
no longer reported in 2025 (was €375)
- Financial charges +€51
up €51 (+33.2%), from €155 to €206
- Gross operating margin -€39
down €39 (-60.8%), from -€64 to -€103
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 | €1,639,020 | €1,642,878 | +€3,858 | +0.2% |
| Current assets | 29/58 | €1,639,020 | €1,642,878 | +€3,858 | +0.2% |
| Amounts receivable after more than one year | 29 | €1,210,000 | €1,170,000 | -€40,000 | -3.3% |
| Other amounts receivable | 291 | €1,210,000 | €1,170,000 | -€40,000 | -3.3% |
| Cash at bank and in hand | 54/58 | €429,020 | €472,878 | +€43,858 | +10.2% |
| Total equity and liabilities | 10/49 | €1,639,020 | €1,642,878 | +€3,858 | +0.2% |
| Equity | 10/15 | €1,638,081 | €1,641,837 | +€3,756 | +0.2% |
| Contributions | 10/11 | €1,636,666 | €1,636,666 | = | 0.0% |
| Capital | 10 | €1,636,666 | €1,636,666 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,415 | €5,171 | +€3,756 | +265.5% |
| Amounts payable | 17/49 | €939 | €1,041 | +€103 | +10.9% |
| Amounts payable within one year | 42/48 | €939 | €1,041 | +€103 | +10.9% |
| Trade debts | 44 | €939 | €1,041 | +€103 | +10.9% |
| Suppliers | 440/4 | €939 | €1,041 | +€103 | +10.9% |
| Other operating charges | 640/8 | €375 | - | -€375 | |
| Gross operating margin | 9900 | -€64 | -€103 | -€39 | -60.8% |
| Operating profit (loss) | 9901 | -€439 | -€103 | +€336 | +76.6% |
| Financial income | 75/76B | €2,865 | €4,064 | +€1,199 | +41.9% |
| Recurring financial income | 75 | €2,865 | €4,064 | +€1,199 | +41.9% |
| Financial charges | 65/66B | €155 | €206 | +€51 | +33.2% |
| Recurring financial charges | 65 | €155 | €206 | +€51 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | €2,271 | €3,756 | +€1,484 | +65.4% |
| Profit (loss) for the period | 9904 | €2,271 | €3,756 | +€1,484 | +65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,271 | €3,756 | +€1,484 | +65.4% |
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 12 October 2026 via checked.be.