HULSTERHOF: 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.
HULSTERHOF
Largest movements
- Receivables within one year +€342,633
up €342,633 (+115%), from €297,818 to €640,451
of which Trade receivables: +€450,055
- Tangible fixed assets +€144,042
up €144,042 (+77.2%), from €186,499 to €330,542
of which Leasing and similar rights: +€96,603
- Stocks and contracts +€125,000
up €125,000 (+125%), from €99,750 to €224,750
- Deferred charges and accrued income -€107,333
down €107,333 (-100%), from €107,333 to €0
- Cash +€54,458
up €54,458 (+5,460%), from €997 to €55,456
mainly Other debts (+€237,865) and Trade debts (+€143,621)
- Other debts +€237,865
up €237,865 (+1,982,210%), from €12 to €237,877
- Trade debts +€143,621
up €143,621 (+61.4%), from €233,904 to €377,525
- Debts after one year +€123,529
up €123,529 (+87.7%), from €140,886 to €264,415
- Reserves +€43,565
up €43,565 (+27.9%), from €155,875 to €199,440
- Financial charges +€25,440
up €25,440 (+85.7%), from €29,693 to €55,133
- Depreciation +€25,162
up €25,162 (+91.0%), from €27,638 to €52,800
- Staff costs -€24,995
down €24,995 (-28.3%), from €88,220 to €63,225
- Taxes -€5,752
down €5,752 (-34.0%), from €16,943 to €11,190
- Financial income -€5,102
down €5,102 (-99.8%), from €5,112 to €10
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 | €692,398 | €1,251,199 | +€558,800 | +80.7% |
| Fixed assets | 21/28 | €186,499 | €330,542 | +€144,042 | +77.2% |
| Tangible fixed assets | 22/27 | €186,499 | €330,542 | +€144,042 | +77.2% |
| Land and buildings | 22 | €94,416 | €97,584 | +€3,168 | +3.4% |
| Plant, machinery and equipment | 23 | €12,695 | €9,599 | -€3,096 | -24.4% |
| Furniture and vehicles | 24 | €525 | €47,892 | +€47,367 | +9,026% |
| Leasing and similar rights | 25 | €78,863 | €175,466 | +€96,603 | +122% |
| Current assets | 29/58 | €505,899 | €920,657 | +€414,758 | +82.0% |
| Stocks and contracts in progress | 3 | €99,750 | €224,750 | +€125,000 | +125% |
| Stocks | 30/36 | €99,750 | €224,750 | +€125,000 | +125% |
| Amounts receivable within one year | 40/41 | €297,818 | €640,451 | +€342,633 | +115% |
| Trade receivables | 40 | €190,396 | €640,451 | +€450,055 | +236% |
| Other amounts receivable | 41 | €107,422 | €0 | -€107,422 | -100% |
| Cash at bank and in hand | 54/58 | €997 | €55,456 | +€54,458 | +5,460% |
| Deferred charges and accrued income | 490/1 | €107,333 | €0 | -€107,333 | -100% |
| Total equity and liabilities | 10/49 | €692,398 | €1,251,199 | +€558,800 | +80.7% |
| Equity | 10/15 | €160,875 | €204,440 | +€43,565 | +27.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €155,875 | €199,440 | +€43,565 | +27.9% |
| Distributable reserves | 133 | €155,875 | €199,440 | +€43,565 | +27.9% |
| Amounts payable | 17/49 | €531,523 | €1,046,758 | +€515,235 | +96.9% |
| Amounts payable after more than one year | 17 | €140,886 | €264,415 | +€123,529 | +87.7% |
| Financial debts | 170/4 | €140,886 | €264,415 | +€123,529 | +87.7% |
| Amounts payable within one year | 42/48 | €390,637 | €782,343 | +€391,706 | +100% |
| Current portion of amounts payable after more than one year | 42 | €88,242 | €100,743 | +€12,501 | +14.2% |
| Financial debts | 43 | €34,210 | €39,855 | +€5,645 | +16.5% |
| Credit institutions | 430/8 | €34,210 | €39,855 | +€5,645 | +16.5% |
| Trade debts | 44 | €233,904 | €377,525 | +€143,621 | +61.4% |
| Suppliers | 440/4 | €233,904 | €377,525 | +€143,621 | +61.4% |
| Taxes, remuneration and social security | 45 | €34,268 | €26,343 | -€7,925 | -23.1% |
| Taxes | 450/3 | €20,627 | €13,863 | -€6,764 | -32.8% |
| Remuneration and social security | 454/9 | €13,641 | €12,480 | -€1,161 | -8.5% |
| Other amounts payable | 47/48 | €12 | €237,877 | +€237,865 | +1,982,210% |
| Remuneration, social security and pensions | 62 | €88,220 | €63,225 | -€24,995 | -28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,638 | €52,800 | +€25,162 | +91.0% |
| Other operating charges | 640/8 | €4,606 | €4,522 | -€84 | -1.8% |
| Non-recurring operating charges | 66A | €6,620 | €1,299 | -€5,321 | -80.4% |
| Gross operating margin | 9900 | €230,875 | €231,725 | +€849 | +0.4% |
| Operating profit (loss) | 9901 | €103,792 | €109,879 | +€6,087 | +5.9% |
| Financial income | 75/76B | €5,112 | €10 | -€5,102 | -99.8% |
| Recurring financial income | 75 | €5,112 | €10 | -€5,102 | -99.8% |
| Financial charges | 65/66B | €29,693 | €55,133 | +€25,440 | +85.7% |
| Recurring financial charges | 65 | €29,693 | €55,133 | +€25,440 | +85.7% |
| Profit (loss) for the period before taxes | 9903 | €79,211 | €54,756 | -€24,455 | -30.9% |
| Income taxes | 67/77 | €16,943 | €11,190 | -€5,752 | -34.0% |
| Profit (loss) for the period | 9904 | €62,268 | €43,565 | -€18,702 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,268 | €43,565 | -€18,702 | -30.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.