HULIVIA: 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.
HULIVIA
Largest movements
- Financial fixed assets +€717,500
new in 2025: €717,500
- Cash +€16,943
up €16,943 (+39.3%), from €43,074 to €60,017
mainly Debts after one year (+€688,875) and Current portion of long-term debt (+€65,530)
- Debts after one year +€688,875
new in 2025: €688,875
- Current portion of long-term debt +€65,530
new in 2025: €65,530
- Trade debts -€11,915
down €11,915 (-80.7%), from €14,766 to €2,851
- Financial charges +€30,848
up €30,848 (+1113.1%), from €2,771 to €33,620
- Financial income +€26,354
up €26,354 (+1472.1%), from €1,790 to €28,144
- Gross operating margin -€7,438
down €7,438 (-29.5%), from €25,178 to €17,740
- Taxes -€2,319
down €2,319 (-44.5%), from €5,207 to €2,888
- Other operating charges -€259
down €259 (-56.8%), from €455 to €196
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 | €138,094 | €875,877 | +€737,783 | +534.3% |
| Fixed assets | 21/28 | €44,857 | €756,762 | +€711,905 | +1587.0% |
| Tangible fixed assets | 22/27 | €44,857 | €39,262 | -€5,595 | -12.5% |
| Furniture and vehicles | 24 | €2,514 | €656 | -€1,859 | -73.9% |
| Other tangible fixed assets | 26 | €42,343 | €38,607 | -€3,736 | -8.8% |
| Financial fixed assets | 28 | - | €717,500 | +€717,500 | |
| Current assets | 29/58 | €93,236 | €119,115 | +€25,878 | +27.8% |
| Amounts receivable within one year | 40/41 | €49,175 | €57,757 | +€8,581 | +17.5% |
| Trade receivables | 40 | €16,771 | €22,759 | +€5,988 | +35.7% |
| Other amounts receivable | 41 | €32,404 | €34,998 | +€2,594 | +8.0% |
| Cash at bank and in hand | 54/58 | €43,074 | €60,017 | +€16,943 | +39.3% |
| Deferred charges and accrued income | 490/1 | €987 | €1,341 | +€354 | +35.9% |
| Total equity and liabilities | 10/49 | €138,094 | €875,877 | +€737,783 | +534.3% |
| Equity | 10/15 | €113,290 | €107,463 | -€5,828 | -5.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,290 | €103,463 | -€5,828 | -5.3% |
| Amounts payable | 17/49 | €24,803 | €768,414 | +€743,611 | +2998.0% |
| Amounts payable after more than one year | 17 | - | €688,875 | +€688,875 | |
| Financial debts | 170/4 | - | €688,875 | +€688,875 | |
| Amounts payable within one year | 42/48 | €24,803 | €79,539 | +€54,736 | +220.7% |
| Current portion of amounts payable after more than one year | 42 | - | €65,530 | +€65,530 | |
| Financial debts | 43 | - | €675 | +€675 | |
| Credit institutions | 430/8 | - | €675 | +€675 | |
| Trade debts | 44 | €14,766 | €2,851 | -€11,915 | -80.7% |
| Suppliers | 440/4 | €14,766 | €2,851 | -€11,915 | -80.7% |
| Taxes, remuneration and social security | 45 | €10,038 | €10,483 | +€446 | +4.4% |
| Taxes | 450/3 | €10,038 | €7,442 | -€2,596 | -25.9% |
| Remuneration and social security | 454/9 | - | €3,042 | +€3,042 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,595 | €5,595 | -€0 | 0.0% |
| Other operating charges | 640/8 | €455 | €196 | -€259 | -56.8% |
| Gross operating margin | 9900 | €25,178 | €17,740 | -€7,438 | -29.5% |
| Operating profit (loss) | 9901 | €19,128 | €11,948 | -€7,180 | -37.5% |
| Financial income | 75/76B | €1,790 | €28,144 | +€26,354 | +1472.1% |
| Recurring financial income | 75 | €1,790 | €28,144 | +€26,354 | +1472.1% |
| Financial charges | 65/66B | €2,771 | €33,620 | +€30,848 | +1113.1% |
| Recurring financial charges | 65 | €2,771 | €33,620 | +€30,848 | +1113.1% |
| Profit (loss) for the period before taxes | 9903 | €18,147 | €6,472 | -€11,674 | -64.3% |
| Income taxes | 67/77 | €5,207 | €2,888 | -€2,319 | -44.5% |
| Profit (loss) for the period | 9904 | €12,940 | €3,584 | -€9,356 | -72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,940 | €3,584 | -€9,356 | -72.3% |
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 3 October 2026 via checked.be.