HULLOS: 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.
HULLOS
Largest movements
- Tangible fixed assets -€135,003
down €135,003 (-53.8%), from €250,838 to €115,834
of which Land and buildings: -€103,997
- Cash -€10,989
down €10,989 (-22.5%), from €48,825 to €37,835
mainly Debts after one year (-€100,972) and Accrued charges and deferred income (-€16,269)
- Debts after one year -€100,972
down €100,972 (-73.7%), from €137,005 to €36,033
- Reserves -€35,820
down €35,820 (-21.0%), from €170,472 to €134,652
of which Tax-exempt reserves: -€35,820
- Profit (loss) carried forward +€23,397
up €23,397 (+13.5%), from -€173,899 to -€150,502
- Accrued charges and deferred income -€16,269
down €16,269 (-92.4%), from €17,616 to €1,347
- Provisions -€11,940
down €11,940 (-37.7%), from €31,699 to €19,759
- Gross operating margin -€36,851
down €36,851 (-29.5%), from €124,987 to €88,136
- Financial charges -€6,376
down €6,376 (-96.5%), from €6,607 to €231
- Depreciation -€4,635
down €4,635 (-4.3%), from €108,632 to €103,997
- Other operating charges +€1,867
up €1,867 (+29.1%), from €6,423 to €8,289
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €305,148 | €155,830 | -€149,318 | -48.9% |
| Fixed assets | 21/28 | €250,838 | €115,834 | -€135,003 | -53.8% |
| Tangible fixed assets | 22/27 | €250,838 | €115,834 | -€135,003 | -53.8% |
| Land and buildings | 22 | €219,831 | €115,834 | -€103,997 | -47.3% |
| Furniture and vehicles | 24 | €31,007 | - | -€31,007 | |
| Current assets | 29/58 | €54,310 | €39,995 | -€14,315 | -26.4% |
| Amounts receivable within one year | 40/41 | €2,345 | - | -€2,345 | |
| Trade receivables | 40 | €1,155 | - | -€1,155 | |
| Other amounts receivable | 41 | €1,189 | - | -€1,189 | |
| Cash at bank and in hand | 54/58 | €48,825 | €37,835 | -€10,989 | -22.5% |
| Deferred charges and accrued income | 490/1 | €3,141 | €2,160 | -€981 | -31.2% |
| Total equity and liabilities | 10/49 | €305,148 | €155,830 | -€149,318 | -48.9% |
| Equity | 10/15 | €96,573 | €84,151 | -€12,423 | -12.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €170,472 | €134,652 | -€35,820 | -21.0% |
| Tax-exempt reserves | 132 | €95,097 | €59,278 | -€35,820 | -37.7% |
| Distributable reserves | 133 | €75,375 | €75,375 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€173,899 | -€150,502 | +€23,397 | +13.5% |
| Provisions and deferred taxes | 16 | €31,699 | €19,759 | -€11,940 | -37.7% |
| Deferred taxes | 168 | €31,699 | €19,759 | -€11,940 | -37.7% |
| Amounts payable | 17/49 | €176,875 | €51,920 | -€124,956 | -70.6% |
| Amounts payable after more than one year | 17 | €137,005 | €36,033 | -€100,972 | -73.7% |
| Other amounts payable | 178/9 | €137,005 | €36,033 | -€100,972 | -73.7% |
| Amounts payable within one year | 42/48 | €22,255 | €14,540 | -€7,715 | -34.7% |
| Trade debts | 44 | €3,437 | €6,129 | +€2,691 | +78.3% |
| Suppliers | 440/4 | €3,437 | €6,129 | +€2,691 | +78.3% |
| Taxes, remuneration and social security | 45 | €112 | €58 | -€54 | -48.4% |
| Taxes | 450/3 | €112 | €58 | -€54 | -48.4% |
| Other amounts payable | 47/48 | €18,706 | €8,354 | -€10,352 | -55.3% |
| Accrued charges and deferred income | 492/3 | €17,616 | €1,347 | -€16,269 | -92.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,632 | €103,997 | -€4,635 | -4.3% |
| Other operating charges | 640/8 | €6,423 | €8,289 | +€1,867 | +29.1% |
| Gross operating margin | 9900 | €124,987 | €88,136 | -€36,851 | -29.5% |
| Operating profit (loss) | 9901 | €9,932 | -€24,150 | -€34,082 | |
| Financial income | 75/76B | €73 | €109 | +€36 | +49.2% |
| Recurring financial income | 75 | €73 | €109 | +€36 | +49.2% |
| Financial charges | 65/66B | €6,607 | €231 | -€6,376 | -96.5% |
| Recurring financial charges | 65 | €6,607 | €231 | -€6,376 | -96.5% |
| Profit (loss) for the period before taxes | 9903 | €3,398 | -€24,272 | -€27,670 | |
| Transfer from deferred taxes | 780 | €11,940 | €11,940 | +€0 | 0.0% |
| Income taxes | 67/77 | €134 | €90 | -€43 | -32.3% |
| Profit (loss) for the period | 9904 | €15,204 | -€12,423 | -€27,627 | |
| Transfer from tax-exempt reserves | 789 | €35,820 | €35,820 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,024 | €23,397 | -€27,627 | -54.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.