GOELE HULSBOSCH: 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.
GOELE HULSBOSCH
Largest movements
- Tangible fixed assets -€12,593
down €12,593 (-6.7%), from €187,371 to €174,778
of which Land and buildings: -€11,523
- Cash +€7,238
up €7,238 (+24.4%), from €29,652 to €36,890
mainly Depreciation (+€12,593) and Net result for the year (+€9,203)
- Debts after one year -€15,098
down €15,098 (-11.8%), from €127,566 to €112,468
- Reserves +€6,203
up €6,203 (+13.2%), from €46,849 to €53,052
of which Distributable reserves: +€6,203
- Tax, wage and social debts +€2,999
up €2,999 (+49.3%), from €6,089 to €9,088
of which Taxes: +€2,999
- Financial charges -€741
down €741 (-10.6%), from €6,991 to €6,250
- Depreciation +€351
up €351 (+2.9%), from €12,242 to €12,593
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 | €244,040 | €237,212 | -€6,828 | -2.8% |
| Fixed assets | 21/28 | €187,371 | €174,778 | -€12,593 | -6.7% |
| Tangible fixed assets | 22/27 | €187,371 | €174,778 | -€12,593 | -6.7% |
| Land and buildings | 22 | €180,372 | €168,849 | -€11,523 | -6.4% |
| Plant, machinery and equipment | 23 | €6,999 | €5,929 | -€1,070 | -15.3% |
| Current assets | 29/58 | €56,669 | €62,433 | +€5,765 | +10.2% |
| Stocks and contracts in progress | 3 | €850 | €500 | -€350 | -41.2% |
| Stocks | 30/36 | €850 | €500 | -€350 | -41.2% |
| Amounts receivable within one year | 40/41 | €24,944 | €23,811 | -€1,133 | -4.5% |
| Trade receivables | 40 | €23,065 | €22,081 | -€984 | -4.3% |
| Other amounts receivable | 41 | €1,879 | €1,730 | -€149 | -7.9% |
| Cash at bank and in hand | 54/58 | €29,652 | €36,890 | +€7,238 | +24.4% |
| Deferred charges and accrued income | 490/1 | €1,223 | €1,233 | +€10 | +0.8% |
| Total equity and liabilities | 10/49 | €244,040 | €237,212 | -€6,828 | -2.8% |
| Equity | 10/15 | €91,849 | €98,052 | +€6,203 | +6.8% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €46,849 | €53,052 | +€6,203 | +13.2% |
| Non-distributable reserves | 130/1 | €4,500 | €4,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,500 | €4,500 | = | 0.0% |
| Distributable reserves | 133 | €42,349 | €48,552 | +€6,203 | +14.6% |
| Amounts payable | 17/49 | €152,192 | €139,160 | -€13,032 | -8.6% |
| Amounts payable after more than one year | 17 | €127,566 | €112,468 | -€15,098 | -11.8% |
| Financial debts | 170/4 | €127,566 | €112,468 | -€15,098 | -11.8% |
| Amounts payable within one year | 42/48 | €24,625 | €26,692 | +€2,067 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €14,512 | €15,098 | +€587 | +4.0% |
| Trade debts | 44 | €4,025 | €2,505 | -€1,519 | -37.7% |
| Suppliers | 440/4 | €4,025 | €2,505 | -€1,519 | -37.7% |
| Taxes, remuneration and social security | 45 | €6,089 | €9,088 | +€2,999 | +49.3% |
| Taxes | 450/3 | €3,784 | €6,783 | +€2,999 | +79.3% |
| Remuneration and social security | 454/9 | €2,305 | €2,305 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,242 | €12,593 | +€351 | +2.9% |
| Other operating charges | 640/8 | €1,181 | €1,217 | +€35 | +3.0% |
| Gross operating margin | 9900 | €32,811 | €33,132 | +€321 | +1.0% |
| Operating profit (loss) | 9901 | €19,387 | €19,322 | -€65 | -0.3% |
| Financial charges | 65/66B | €6,991 | €6,250 | -€741 | -10.6% |
| Recurring financial charges | 65 | €6,991 | €6,250 | -€741 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €12,396 | €13,072 | +€676 | +5.5% |
| Income taxes | 67/77 | €3,784 | €3,869 | +€85 | +2.2% |
| Profit (loss) for the period | 9904 | €8,612 | €9,203 | +€591 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,612 | €9,203 | +€591 | +6.9% |
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 22 October 2026 via checked.be.