HULSBOSCH HOLDING: 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 HOLDING
Largest movements
- Cash +€1.3m
up €1.3m (+297%), from €441,407 to €1.8m
mainly Current investments (+€1.3m) and Net result for the year (+€778,341)
- Current investments -€1.3m
no longer reported in 2025 (was €1.3m)
- Tax, wage and social debts +€77,441
up €77,441 (+107%), from €72,056 to €149,497
- Reserves -€71,612
down €71,612 (-1.1%), from €6.3m to €6.2m
of which Distributable reserves: -€71,612
- Financial income +€75,257
up €75,257 (+10.0%), from €749,328 to €824,585
- Taxes +€6,268
up €6,268 (+6.9%), from €90,291 to €96,559
- Gross operating margin +€1,630
up €1,630 (+3.2%), from €50,659 to €52,288
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 | €6,429,010 | €6,471,047 | +€42,036 | +0.7% |
| Fixed assets | 21/28 | €4,711,884 | €4,711,884 | = | 0.0% |
| Financial fixed assets | 28 | €4,711,884 | €4,711,884 | = | 0.0% |
| Current assets | 29/58 | €1,717,126 | €1,759,162 | +€42,036 | +2.4% |
| Amounts receivable within one year | 40/41 | €5,719 | €5,503 | -€216 | -3.8% |
| Trade receivables | 40 | €5,500 | €5,500 | = | 0.0% |
| Other amounts receivable | 41 | €219 | €3 | -€216 | -98.8% |
| Current investments | 50/53 | €1,270,000 | - | -€1.3m | |
| Cash at bank and in hand | 54/58 | €441,407 | €1,753,660 | +€1.3m | +297% |
| Total equity and liabilities | 10/49 | €6,429,010 | €6,471,047 | +€42,036 | +0.7% |
| Equity | 10/15 | €6,338,042 | €6,266,430 | -€71,612 | -1.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,276,542 | €6,204,930 | -€71,612 | -1.1% |
| Non-distributable reserves | 130/1 | €132,150 | €132,150 | = | 0.0% |
| Legal reserve | 130 | €132,150 | €132,150 | = | 0.0% |
| Distributable reserves | 133 | €6,144,392 | €6,072,780 | -€71,612 | -1.2% |
| Amounts payable | 17/49 | €90,968 | €204,617 | +€113,648 | +125% |
| Amounts payable within one year | 42/48 | €90,968 | €204,617 | +€113,648 | +125% |
| Trade debts | 44 | €120 | €96 | -€24 | -19.8% |
| Suppliers | 440/4 | €120 | €96 | -€24 | -19.8% |
| Taxes, remuneration and social security | 45 | €72,056 | €149,497 | +€77,441 | +107% |
| Taxes | 450/3 | €72,056 | €149,497 | +€77,441 | +107% |
| Other amounts payable | 47/48 | €18,793 | €55,024 | +€36,231 | +193% |
| Other operating charges | 640/8 | €1,115 | €1,148 | +€34 | +3.0% |
| Gross operating margin | 9900 | €50,659 | €52,288 | +€1,630 | +3.2% |
| Operating profit (loss) | 9901 | €49,544 | €51,140 | +€1,596 | +3.2% |
| Financial income | 75/76B | €749,328 | €824,585 | +€75,257 | +10.0% |
| Recurring financial income | 75 | €749,328 | €824,585 | +€75,257 | +10.0% |
| Financial charges | 65/66B | €814 | €824 | +€11 | +1.3% |
| Recurring financial charges | 65 | €814 | €824 | +€11 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €798,058 | €874,901 | +€76,842 | +9.6% |
| Income taxes | 67/77 | €90,291 | €96,559 | +€6,268 | +6.9% |
| Profit (loss) for the period | 9904 | €707,767 | €778,341 | +€70,574 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €707,767 | €778,341 | +€70,574 | +10.0% |
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 30 October 2026 via checked.be.