Hulk Construction Service: what changed
Hulk Construction Service
Largest movements
- Receivables within one year +€7,130
up €7,130 (+46.6%), from €15,298 to €22,428
of which Other amounts receivable: +€3,775
- Cash +€2,639
up €2,639 (+115%), from €2,299 to €4,938
mainly Net result for the year (+€11,769) and Tax, wage and social debts (+€3,116)
- Deferred charges and accrued income -€1,366
no longer reported in 2025 (was €1,366)
- Profit (loss) carried forward +€11,769
up €11,769 (+94.2%), from -€12,492 to -€723
- Trade debts -€5,537
down €5,537 (-64.4%), from €8,595 to €3,057
- Tax, wage and social debts +€3,116
up €3,116 (+104%), from €3,000 to €6,116
- Other debts -€944
down €944 (-29.8%), from €3,165 to €2,221
- Gross operating margin +€15,601
up €15,601 (+267%), from €5,832 to €21,434
- Taxes +€3,116
new in 2025: €3,116
- Other operating charges +€1,442
up €1,442 (+95.4%), from €1,511 to €2,953
- Financial charges +€1,408
up €1,408 (+64.4%), from €2,188 to €3,596
- Depreciation -€588
no longer reported in 2025 (was €588)
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 | €20,914 | €29,317 | +€8,403 | +40.2% |
| Fixed assets | 21/28 | €1,950 | €1,950 | = | 0.0% |
| Financial fixed assets | 28 | €1,950 | €1,950 | = | 0.0% |
| Current assets | 29/58 | €18,964 | €27,367 | +€8,403 | +44.3% |
| Amounts receivable within one year | 40/41 | €15,298 | €22,428 | +€7,130 | +46.6% |
| Trade receivables | 40 | €12,430 | €15,785 | +€3,355 | +27.0% |
| Other amounts receivable | 41 | €2,868 | €6,643 | +€3,775 | +132% |
| Cash at bank and in hand | 54/58 | €2,299 | €4,938 | +€2,639 | +115% |
| Deferred charges and accrued income | 490/1 | €1,366 | - | -€1,366 | |
| Total equity and liabilities | 10/49 | €20,914 | €29,317 | +€8,403 | +40.2% |
| Equity | 10/15 | €6,154 | €17,923 | +€11,769 | +191% |
| Contributions | 10/11 | €18,646 | €18,646 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,492 | -€723 | +€11,769 | +94.2% |
| Amounts payable | 17/49 | €14,760 | €11,394 | -€3,366 | -22.8% |
| Amounts payable within one year | 42/48 | €14,760 | €11,394 | -€3,366 | -22.8% |
| Trade debts | 44 | €8,595 | €3,057 | -€5,537 | -64.4% |
| Suppliers | 440/4 | €8,595 | €3,057 | -€5,537 | -64.4% |
| Taxes, remuneration and social security | 45 | €3,000 | €6,116 | +€3,116 | +104% |
| Taxes | 450/3 | €3,000 | €6,116 | +€3,116 | +104% |
| Other amounts payable | 47/48 | €3,165 | €2,221 | -€944 | -29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €588 | - | -€588 | |
| Other operating charges | 640/8 | €1,511 | €2,953 | +€1,442 | +95.4% |
| Gross operating margin | 9900 | €5,832 | €21,434 | +€15,601 | +267% |
| Operating profit (loss) | 9901 | €3,733 | €18,480 | +€14,747 | +395% |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.4% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.4% |
| Financial charges | 65/66B | €2,188 | €3,596 | +€1,408 | +64.4% |
| Recurring financial charges | 65 | €2,188 | €3,596 | +€1,408 | +64.4% |
| Profit (loss) for the period before taxes | 9903 | €1,549 | €14,885 | +€13,336 | +861% |
| Income taxes | 67/77 | - | €3,116 | +€3,116 | |
| Profit (loss) for the period | 9904 | €1,549 | €11,769 | +€10,220 | +660% |
| Profit (loss) for the period to be appropriated | 9905 | €1,549 | €11,769 | +€10,220 | +660% |
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 8 November 2026 via checked.be.