HULK GROUP: 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.
HULK GROUP
Largest movements
- Receivables within one year -€35,999
down €35,999 (-30.2%), from €119,051 to €83,052
of which Trade receivables: -€33,993
- Tangible fixed assets -€10,094
down €10,094 (-34.7%), from €29,078 to €18,984
- Deferred charges and accrued income +€2,817
up €2,817 (+685%), from €411 to €3,228
- Trade debts -€52,114
down €52,114 (-44.0%), from €118,532 to €66,418
- Advances received +€10,520
new in 2024: €10,520
- Profit (loss) carried forward -€2,948
down €2,948 (-12.8%), from €22,989 to €20,041
- Accrued charges and deferred income +€2,500
new in 2024: €2,500
- Tax, wage and social debts -€1,949
down €1,949 (-100%), from €1,949 to €0
- Gross operating margin +€9,136
up €9,136 (+155%), from €5,903 to €15,038
- Taxes +€1,662
new in 2024: €1,662
- Financial charges -€1,658
down €1,658 (-47.0%), from €3,529 to €1,872
- Other operating charges +€232
up €232 (+13.7%), from €1,694 to €1,925
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,570 | €105,329 | -€43,241 | -29.1% |
| Fixed assets | 21/28 | €29,078 | €18,984 | -€10,094 | -34.7% |
| Tangible fixed assets | 22/27 | €29,078 | €18,984 | -€10,094 | -34.7% |
| Furniture and vehicles | 24 | €29,078 | €18,984 | -€10,094 | -34.7% |
| Current assets | 29/58 | €119,492 | €86,345 | -€33,147 | -27.7% |
| Amounts receivable within one year | 40/41 | €119,051 | €83,052 | -€35,999 | -30.2% |
| Trade receivables | 40 | €80,667 | €46,673 | -€33,993 | -42.1% |
| Other amounts receivable | 41 | €38,384 | €36,379 | -€2,006 | -5.2% |
| Cash at bank and in hand | 54/58 | €29 | €65 | +€35 | +121% |
| Deferred charges and accrued income | 490/1 | €411 | €3,228 | +€2,817 | +685% |
| Total equity and liabilities | 10/49 | €148,570 | €105,329 | -€43,241 | -29.1% |
| Equity | 10/15 | €27,989 | €25,041 | -€2,948 | -10.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,989 | €20,041 | -€2,948 | -12.8% |
| Amounts payable | 17/49 | €120,580 | €80,288 | -€40,293 | -33.4% |
| Amounts payable within one year | 42/48 | €120,580 | €77,788 | -€42,793 | -35.5% |
| Trade debts | 44 | €118,532 | €66,418 | -€52,114 | -44.0% |
| Suppliers | 440/4 | €118,532 | €66,418 | -€52,114 | -44.0% |
| Advances received on contracts in progress | 46 | - | €10,520 | +€10,520 | |
| Taxes, remuneration and social security | 45 | €1,949 | €0 | -€1,949 | -100% |
| Taxes | 450/3 | €1,949 | €0 | -€1,949 | -100% |
| Other amounts payable | 47/48 | €100 | €850 | +€750 | +750% |
| Accrued charges and deferred income | 492/3 | - | €2,500 | +€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,094 | €10,094 | = | 0.0% |
| Other operating charges | 640/8 | €1,694 | €1,925 | +€232 | +13.7% |
| Non-recurring operating charges | 66A | - | €2,457 | +€2,457 | |
| Gross operating margin | 9900 | €5,903 | €15,038 | +€9,136 | +155% |
| Operating profit (loss) | 9901 | -€5,885 | €562 | +€6,447 | |
| Financial income | 75/76B | €0 | €23 | +€23 | |
| Recurring financial income | 75 | €0 | €23 | +€23 | |
| Financial charges | 65/66B | €3,529 | €1,872 | -€1,658 | -47.0% |
| Recurring financial charges | 65 | €3,529 | €1,872 | -€1,658 | -47.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,414 | -€1,287 | +€8,128 | +86.3% |
| Income taxes | 67/77 | - | €1,662 | +€1,662 | |
| Profit (loss) for the period | 9904 | -€9,414 | -€2,948 | +€6,466 | +68.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,414 | -€2,948 | +€6,466 | +68.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.