Hulsbosch Beheer: 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.
Hulsbosch Beheer
Largest movements
- Cash +€105,257
up €105,257 (+15.9%), from €663,690 to €768,948
mainly Net result for the year (+€63,991) and Depreciation (+€40,141)
- Tangible fixed assets -€40,141
down €40,141 (-3.2%), from €1.2m to €1.2m
- Profit (loss) carried forward +€67,700
up €67,700 (+8.7%), from €780,520 to €848,220
- Gross operating margin +€4,401
up €4,401 (+3.2%), from €135,901 to €140,302
- Depreciation -€2,874
down €2,874 (-6.7%), from €43,015 to €40,141
- Other operating charges +€2,327
up €2,327 (+21.0%), from €11,091 to €13,418
- Financial income -€1,854
no longer reported in 2025 (was €1,854)
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 | €1,989,256 | €2,057,177 | +€67,921 | +3.4% |
| Fixed assets | 21/28 | €1,242,537 | €1,202,396 | -€40,141 | -3.2% |
| Tangible fixed assets | 22/27 | €1,242,537 | €1,202,396 | -€40,141 | -3.2% |
| Land and buildings | 22 | €1,242,537 | €1,202,396 | -€40,141 | -3.2% |
| Current assets | 29/58 | €746,719 | €854,781 | +€108,062 | +14.5% |
| Amounts receivable within one year | 40/41 | €83,029 | €85,833 | +€2,804 | +3.4% |
| Trade receivables | 40 | €82,777 | €85,475 | +€2,699 | +3.3% |
| Other amounts receivable | 41 | €252 | €358 | +€106 | +42.0% |
| Cash at bank and in hand | 54/58 | €663,690 | €768,948 | +€105,257 | +15.9% |
| Total equity and liabilities | 10/49 | €1,989,256 | €2,057,177 | +€67,921 | +3.4% |
| Equity | 10/15 | €1,961,624 | €2,025,614 | +€63,991 | +3.3% |
| 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% |
| Reserves | 13 | €1,119,104 | €1,115,395 | -€3,709 | -0.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €62,904 | €59,195 | -€3,709 | -5.9% |
| Distributable reserves | 133 | €1,050,000 | €1,050,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €780,520 | €848,220 | +€67,700 | +8.7% |
| Provisions and deferred taxes | 16 | €20,968 | €19,732 | -€1,236 | -5.9% |
| Deferred taxes | 168 | €20,968 | €19,732 | -€1,236 | -5.9% |
| Amounts payable | 17/49 | €6,664 | €11,831 | +€5,167 | +77.5% |
| Amounts payable within one year | 42/48 | €6,664 | €11,831 | +€5,167 | +77.5% |
| Trade debts | 44 | €1,788 | €1,863 | +€75 | +4.2% |
| Suppliers | 440/4 | €1,788 | €1,863 | +€75 | +4.2% |
| Taxes, remuneration and social security | 45 | €4,665 | €9,968 | +€5,303 | +114% |
| Taxes | 450/3 | €4,665 | €9,968 | +€5,303 | +114% |
| Other amounts payable | 47/48 | €211 | - | -€211 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,015 | €40,141 | -€2,874 | -6.7% |
| Other operating charges | 640/8 | €11,091 | €13,418 | +€2,327 | +21.0% |
| Gross operating margin | 9900 | €135,901 | €140,302 | +€4,401 | +3.2% |
| Operating profit (loss) | 9901 | €81,796 | €86,744 | +€4,948 | +6.0% |
| Financial income | 75/76B | €1,854 | - | -€1,854 | |
| Recurring financial income | 75 | €1,854 | - | -€1,854 | |
| Financial charges | 65/66B | €1,202 | €1,186 | -€16 | -1.3% |
| Recurring financial charges | 65 | €1,202 | €1,186 | -€16 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €82,448 | €85,557 | +€3,109 | +3.8% |
| Transfer from deferred taxes | 780 | €1,236 | €1,236 | = | 0.0% |
| Income taxes | 67/77 | €22,165 | €22,803 | +€638 | +2.9% |
| Profit (loss) for the period | 9904 | €61,519 | €63,991 | +€2,471 | +4.0% |
| Transfer from tax-exempt reserves | 789 | €3,709 | €3,709 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €65,229 | €67,700 | +€2,471 | +3.8% |
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 29 October 2026 via checked.be.