HULSTERLO HOEVE: 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.
HULSTERLO HOEVE
Largest movements
- Receivables within one year +€7,733
up €7,733 (+1,115%), from €693 to €8,426
of which Trade receivables: +€7,182
- Tangible fixed assets +€4,428
up €4,428 (+4.0%), from €111,716 to €116,143
of which Other tangible fixed assets: +€7,280
- Trade debts +€8,864
up €8,864 (+637%), from €1,391 to €10,254
- Tax, wage and social debts +€3,090
up €3,090 (+181%), from €1,708 to €4,798
- Other debts -€2,243
down €2,243 (-2.2%), from €103,579 to €101,337
- Profit (loss) carried forward +€1,414
up €1,414 (+23.4%), from €6,042 to €7,456
- Gross operating margin -€11,131
down €11,131 (-40.4%), from €27,519 to €16,388
- Other operating charges +€2,155
up €2,155 (+66.8%), from €3,224 to €5,380
- Depreciation +€511
up €511 (+6.2%), from €8,281 to €8,792
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 | €114,719 | €126,162 | +€11,443 | +10.0% |
| Fixed assets | 21/28 | €111,716 | €116,143 | +€4,428 | +4.0% |
| Tangible fixed assets | 22/27 | €111,716 | €116,143 | +€4,428 | +4.0% |
| Plant, machinery and equipment | 23 | €8,989 | €6,137 | -€2,852 | -31.7% |
| Other tangible fixed assets | 26 | €102,726 | €110,006 | +€7,280 | +7.1% |
| Current assets | 29/58 | €3,004 | €10,019 | +€7,015 | +234% |
| Amounts receivable within one year | 40/41 | €693 | €8,426 | +€7,733 | +1,115% |
| Trade receivables | 40 | €358 | €7,541 | +€7,182 | +2,004% |
| Other amounts receivable | 41 | €335 | €885 | +€550 | +164% |
| Cash at bank and in hand | 54/58 | €1,950 | €1,593 | -€357 | -18.3% |
| Deferred charges and accrued income | 490/1 | €360 | - | -€360 | |
| Total equity and liabilities | 10/49 | €114,719 | €126,162 | +€11,443 | +10.0% |
| Equity | 10/15 | €7,042 | €8,456 | +€1,414 | +20.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,042 | €7,456 | +€1,414 | +23.4% |
| Amounts payable | 17/49 | €107,678 | €117,706 | +€10,029 | +9.3% |
| Amounts payable within one year | 42/48 | €107,678 | €117,706 | +€10,029 | +9.3% |
| Trade debts | 44 | €1,391 | €10,254 | +€8,864 | +637% |
| Suppliers | 440/4 | €1,391 | €10,254 | +€8,864 | +637% |
| Advances received on contracts in progress | 46 | €1,000 | €1,318 | +€318 | +31.8% |
| Taxes, remuneration and social security | 45 | €1,708 | €4,798 | +€3,090 | +181% |
| Taxes | 450/3 | €1,708 | €4,798 | +€3,090 | +181% |
| Other amounts payable | 47/48 | €103,579 | €101,337 | -€2,243 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,281 | €8,792 | +€511 | +6.2% |
| Other operating charges | 640/8 | €3,224 | €5,380 | +€2,155 | +66.8% |
| Non-recurring operating charges | 66A | - | €473 | +€473 | |
| Gross operating margin | 9900 | €27,519 | €16,388 | -€11,131 | -40.4% |
| Operating profit (loss) | 9901 | €16,013 | €1,743 | -€14,270 | -89.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €151 | €329 | +€178 | +118% |
| Recurring financial charges | 65 | €151 | €329 | +€178 | +118% |
| Profit (loss) for the period before taxes | 9903 | €15,863 | €1,414 | -€14,449 | -91.1% |
| Profit (loss) for the period | 9904 | €15,863 | €1,414 | -€14,449 | -91.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,863 | €1,414 | -€14,449 | -91.1% |
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 23 October 2026 via checked.be.