HULLEBRUG: 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.
What changed
HULLEBRUG
NACE 55.204, Guest rooms (bed and breakfast)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€12,116
2024 · €21,510-€9,394
Equity
-€88,177
2024 · -€100,293+€12,116
Cash
€4,190
2024 · €1,742+€2,448
Balance sheet total
€772,614
2024 · €827,209-€54,595
Largest movements
Assets
- Tangible fixed assets -€62,458
down €62,458 (-7.8%), from €797,464 to €735,006
of which Land and buildings: -€60,426
Equity and liabilities
- Debts after one year -€48,994
down €48,994 (-6.1%), from €805,257 to €756,263
of which Financial debts: -€39,739
- Other debts -€19,032
down €19,032 (-79.0%), from €24,102 to €5,070
- Advances received +€17,084
up €17,084 (+105%), from €16,340 to €33,424
- Trade debts -€12,712
down €12,712 (-55.8%), from €22,799 to €10,087
- Profit (loss) carried forward +€12,116
up €12,116 (+7.5%), from -€162,293 to -€150,177
Income statement
- Gross operating margin -€19,085
down €19,085 (-13.2%), from €144,552 to €125,466
- Financial charges -€6,178
down €6,178 (-28.2%), from €21,919 to €15,741
- Other operating charges -€5,558
down €5,558 (-54.4%), from €10,214 to €4,656
- Staff costs +€5,288
up €5,288 (+36.1%), from €14,662 to €19,950
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.
Result 2024
€21,510
Gross operating margin
-€19,085
Staff costs
-€5,288
Depreciation
+€1,224
Other operating charges
+€5,558
Other operating items
+€2,335
Financial income
-€309
Financial charges
+€6,178
Taxes
-€7
Result 2025
€12,116
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€64,703
Investment
-€10,208
Financing
-€52,047
Cash 2024
€1,742
From operations (derived)
+€64,703
Net result for the year
+€12,116
Depreciation
+€72,666
Stocks and contracts
-€505
Receivables within one year
-€1,455
Deferred charges and accrued income
-€3,455
Trade debts
-€12,712
Tax, wage and social debts
+€3,090
Advances received
+€17,084
Other debts
-€19,032
Accrued charges and deferred income
-€3,095
Investment (derived)
-€10,208
Investment in fixed assets (net)
-€10,208
Financing
-€52,047
Debts after one year
-€48,994
Current portion of long-term debt
-€6,844
Short-term financial debts
+€3,791
Cash 2025
€4,190
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €827,209 | €772,614 | -€54,595 | -6.6% |
| Fixed assets | 21/28 | €799,014 | €736,556 | -€62,458 | -7.8% |
| Tangible fixed assets | 22/27 | €797,464 | €735,006 | -€62,458 | -7.8% |
| Land and buildings | 22 | €752,649 | €692,223 | -€60,426 | -8.0% |
| Plant, machinery and equipment | 23 | €11,812 | €12,583 | +€771 | +6.5% |
| Furniture and vehicles | 24 | €33,003 | €30,200 | -€2,803 | -8.5% |
| Financial fixed assets | 28 | €1,550 | €1,550 | = | 0.0% |
| Current assets | 29/58 | €28,195 | €36,058 | +€7,863 | +27.9% |
| Stocks and contracts in progress | 3 | €1,886 | €2,391 | +€505 | +26.8% |
| Stocks | 30/36 | €1,886 | €2,391 | +€505 | +26.8% |
| Amounts receivable within one year | 40/41 | €20,680 | €22,135 | +€1,455 | +7.0% |
| Trade receivables | 40 | €20,591 | €19,423 | -€1,168 | -5.7% |
| Other amounts receivable | 41 | €89 | €2,712 | +€2,622 | +2,938% |
| Cash at bank and in hand | 54/58 | €1,742 | €4,190 | +€2,448 | +141% |
| Deferred charges and accrued income | 490/1 | €3,887 | €7,342 | +€3,455 | +88.9% |
| Total equity and liabilities | 10/49 | €827,209 | €772,614 | -€54,595 | -6.6% |
| Equity | 10/15 | -€100,293 | -€88,177 | +€12,116 | +12.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€162,293 | -€150,177 | +€12,116 | +7.5% |
| Amounts payable | 17/49 | €927,502 | €860,790 | -€66,711 | -7.2% |
| Amounts payable after more than one year | 17 | €805,257 | €756,263 | -€48,994 | -6.1% |
| Financial debts | 170/4 | €368,102 | €328,363 | -€39,739 | -10.8% |
| Other amounts payable | 178/9 | €437,155 | €427,900 | -€9,255 | -2.1% |
| Amounts payable within one year | 42/48 | €119,149 | €104,527 | -€14,622 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €46,582 | €39,739 | -€6,844 | -14.7% |
| Financial debts | 43 | €1,513 | €5,304 | +€3,791 | +251% |
| Credit institutions | 430/8 | €1,513 | €5,304 | +€3,791 | +251% |
| Trade debts | 44 | €22,799 | €10,087 | -€12,712 | -55.8% |
| Suppliers | 440/4 | €22,799 | €10,087 | -€12,712 | -55.8% |
| Advances received on contracts in progress | 46 | €16,340 | €33,424 | +€17,084 | +105% |
| Taxes, remuneration and social security | 45 | €7,812 | €10,903 | +€3,090 | +39.6% |
| Taxes | 450/3 | €6,732 | €10,903 | +€4,170 | +61.9% |
| Remuneration and social security | 454/9 | €1,080 | €0 | -€1,080 | -100% |
| Other amounts payable | 47/48 | €24,102 | €5,070 | -€19,032 | -79.0% |
| Accrued charges and deferred income | 492/3 | €3,095 | €0 | -€3,095 | -100% |
| Remuneration, social security and pensions | 62 | €14,662 | €19,950 | +€5,288 | +36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,890 | €72,666 | -€1,224 | -1.7% |
| Other operating charges | 640/8 | €10,214 | €4,656 | -€5,558 | -54.4% |
| Non-recurring operating charges | 66A | €2,335 | €0 | -€2,335 | -100% |
| Gross operating margin | 9900 | €144,552 | €125,466 | -€19,085 | -13.2% |
| Operating profit (loss) | 9901 | €43,451 | €28,194 | -€15,256 | -35.1% |
| Financial income | 75/76B | €342 | €33 | -€309 | -90.3% |
| Recurring financial income | 75 | €342 | €33 | -€309 | -90.3% |
| Financial charges | 65/66B | €21,919 | €15,741 | -€6,178 | -28.2% |
| Recurring financial charges | 65 | €21,919 | €15,741 | -€6,178 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €21,874 | €12,486 | -€9,388 | -42.9% |
| Income taxes | 67/77 | €363 | €370 | +€7 | +1.9% |
| Profit (loss) for the period | 9904 | €21,510 | €12,116 | -€9,394 | -43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,510 | €12,116 | -€9,394 | -43.7% |
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 21 October 2026 via checked.be.