Dries Van Hulle: what changed
Dries Van Hulle
Largest movements
- Receivables within one year +€11,335
new in 2025: €11,335
of which Trade receivables: +€9,000
- Receivables after one year +€10,000
up €10,000 (+100%), from €10,000 to €20,000
- Deferred charges and accrued income -€8,766
down €8,766 (-93.9%), from €9,331 to €565
- Cash -€3,396
down €3,396 (-19.0%), from €17,882 to €14,487
mainly Receivables within one year (-€11,335) and Receivables after one year (-€10,000)
- Tangible fixed assets -€709
down €709 (-37.8%), from €1,875 to €1,166
of which Plant, machinery and equipment: -€499
- Reserves +€15,146
up €15,146 (+70.8%), from €21,380 to €36,526
- Tax, wage and social debts -€3,471
down €3,471 (-32.2%), from €10,773 to €7,302
of which Taxes: -€3,470
- Other debts -€2,903
down €2,903 (-88.0%), from €3,298 to €395
- Gross operating margin -€8,368
down €8,368 (-29.1%), from €28,798 to €20,430
- Taxes -€1,313
down €1,313 (-23.0%), from €5,717 to €4,404
- Financial income +€456
up €456 (+175,377%), from €0 to €456
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,088 | €47,552 | +€8,464 | +21.7% |
| Fixed assets | 21/28 | €1,875 | €1,166 | -€709 | -37.8% |
| Tangible fixed assets | 22/27 | €1,875 | €1,166 | -€709 | -37.8% |
| Plant, machinery and equipment | 23 | €966 | €467 | -€499 | -51.7% |
| Furniture and vehicles | 24 | €909 | €699 | -€210 | -23.1% |
| Current assets | 29/58 | €37,213 | €46,387 | +€9,173 | +24.7% |
| Amounts receivable after more than one year | 29 | €10,000 | €20,000 | +€10,000 | +100% |
| Other amounts receivable | 291 | €10,000 | €20,000 | +€10,000 | +100% |
| Amounts receivable within one year | 40/41 | - | €11,335 | +€11,335 | |
| Trade receivables | 40 | - | €9,000 | +€9,000 | |
| Other amounts receivable | 41 | - | €2,335 | +€2,335 | |
| Cash at bank and in hand | 54/58 | €17,882 | €14,487 | -€3,396 | -19.0% |
| Deferred charges and accrued income | 490/1 | €9,331 | €565 | -€8,766 | -93.9% |
| Total equity and liabilities | 10/49 | €39,088 | €47,552 | +€8,464 | +21.7% |
| Equity | 10/15 | €24,380 | €39,526 | +€15,146 | +62.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €21,380 | €36,526 | +€15,146 | +70.8% |
| Distributable reserves | 133 | €21,380 | €36,526 | +€15,146 | +70.8% |
| Amounts payable | 17/49 | €14,708 | €8,027 | -€6,682 | -45.4% |
| Amounts payable within one year | 42/48 | €14,070 | €7,697 | -€6,374 | -45.3% |
| Taxes, remuneration and social security | 45 | €10,773 | €7,302 | -€3,471 | -32.2% |
| Taxes | 450/3 | €7,618 | €4,148 | -€3,470 | -45.6% |
| Remuneration and social security | 454/9 | €3,155 | €3,154 | -€1 | 0.0% |
| Other amounts payable | 47/48 | €3,298 | €395 | -€2,903 | -88.0% |
| Accrued charges and deferred income | 492/3 | €638 | €330 | -€308 | -48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €672 | €709 | +€37 | +5.5% |
| Other operating charges | 640/8 | €807 | €544 | -€263 | -32.6% |
| Gross operating margin | 9900 | €28,798 | €20,430 | -€8,368 | -29.1% |
| Operating profit (loss) | 9901 | €27,319 | €19,177 | -€8,142 | -29.8% |
| Financial income | 75/76B | €0 | €456 | +€456 | +175,377% |
| Recurring financial income | 75 | €0 | €456 | +€456 | +175,377% |
| Financial charges | 65/66B | €222 | €83 | -€139 | -62.7% |
| Recurring financial charges | 65 | €222 | €83 | -€139 | -62.7% |
| Profit (loss) for the period before taxes | 9903 | €27,097 | €19,550 | -€7,547 | -27.9% |
| Income taxes | 67/77 | €5,717 | €4,404 | -€1,313 | -23.0% |
| Profit (loss) for the period | 9904 | €21,380 | €15,146 | -€6,233 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,380 | €15,146 | -€6,233 | -29.2% |
Next steps
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 2 November 2026 via checked.be.