Hulens Technology: what changed
Two fiscal 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.
Hulens Technology
Largest movements
- Cash -€22,470
down €22,470 (-28.1%), from €80,029 to €57,559
mainly Contributions, distributions and other (-€99,911) and Tax, wage and social debts (-€23,589)
- Tangible fixed assets +€4,977
up €4,977 (+10.6%), from €47,003 to €51,980
of which Furniture and vehicles: +€8,927
- Receivables within one year +€1,724
up €1,724 (+8.4%), from €20,623 to €22,347
of which Trade receivables: +€1,547
- Other debts +€71,156
up €71,156 (+2031.9%), from €3,502 to €74,658
- Reserves -€63,521
down €63,521 (-63.6%), from €99,911 to €36,390
- Tax, wage and social debts -€23,589
down €23,589 (-55.3%), from €42,637 to €19,048
- Depreciation +€1,317
up €1,317 (+12.2%), from €10,778 to €12,095
- Other operating charges +€626
up €626 (+62.0%), from €1,011 to €1,637
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 | €148,437 | €133,500 | -€14,937 | -10.1% |
| Fixed assets | 21/28 | €47,003 | €51,980 | +€4,977 | +10.6% |
| Tangible fixed assets | 22/27 | €47,003 | €51,980 | +€4,977 | +10.6% |
| Plant, machinery and equipment | 23 | €46,030 | €42,080 | -€3,950 | -8.6% |
| Furniture and vehicles | 24 | €973 | €9,900 | +€8,927 | +917.3% |
| Current assets | 29/58 | €101,433 | €81,520 | -€19,913 | -19.6% |
| Amounts receivable within one year | 40/41 | €20,623 | €22,347 | +€1,724 | +8.4% |
| Trade receivables | 40 | €20,378 | €21,925 | +€1,547 | +7.6% |
| Other amounts receivable | 41 | €246 | €423 | +€177 | +72.0% |
| Cash at bank and in hand | 54/58 | €80,029 | €57,559 | -€22,470 | -28.1% |
| Deferred charges and accrued income | 490/1 | €781 | €1,614 | +€833 | +106.6% |
| Total equity and liabilities | 10/49 | €148,437 | €133,500 | -€14,937 | -10.1% |
| Equity | 10/15 | €100,911 | €37,390 | -€63,521 | -62.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €99,911 | €36,390 | -€63,521 | -63.6% |
| Distributable reserves | 133 | €99,911 | €36,390 | -€63,521 | -63.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €47,526 | €96,110 | +€48,585 | +102.2% |
| Amounts payable within one year | 42/48 | €47,526 | €96,110 | +€48,585 | +102.2% |
| Trade debts | 44 | €1,387 | €2,404 | +€1,017 | +73.4% |
| Suppliers | 440/4 | €1,387 | €2,404 | +€1,017 | +73.4% |
| Taxes, remuneration and social security | 45 | €42,637 | €19,048 | -€23,589 | -55.3% |
| Taxes | 450/3 | €42,637 | €19,048 | -€23,589 | -55.3% |
| Other amounts payable | 47/48 | €3,502 | €74,658 | +€71,156 | +2031.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,778 | €12,095 | +€1,317 | +12.2% |
| Other operating charges | 640/8 | €1,011 | €1,637 | +€626 | +62.0% |
| Gross operating margin | 9900 | €60,034 | €59,586 | -€449 | -0.7% |
| Operating profit (loss) | 9901 | €48,245 | €45,854 | -€2,392 | -5.0% |
| Financial income | 75/76B | €1 | €4 | +€3 | +203.0% |
| Recurring financial income | 75 | €1 | €4 | +€3 | +203.0% |
| Financial charges | 65/66B | €80 | €125 | +€46 | +57.1% |
| Recurring financial charges | 65 | €80 | €125 | +€46 | +57.1% |
| Profit (loss) for the period before taxes | 9903 | €48,167 | €45,732 | -€2,434 | -5.1% |
| Income taxes | 67/77 | €9,473 | €9,342 | -€130 | -1.4% |
| Profit (loss) for the period | 9904 | €38,694 | €36,390 | -€2,304 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,694 | €36,390 | -€2,304 | -6.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.