hulstlo: what changed
Two fiscal 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.
hulstlo
Largest movements
- Intangible fixed assets -€21,635
down €21,635 (-18.2%), from €118,992 to €97,357
- Tangible fixed assets -€17,759
down €17,759 (-45.7%), from €38,883 to €21,125
of which Furniture and vehicles: -€14,291
- Cash +€10,614
up €10,614 (+90.7%), from €11,708 to €22,322
mainly Depreciation (+€43,770) and Net result for the year (+€22,772)
- Receivables within one year -€8,415
down €8,415 (-28.0%), from €30,070 to €21,655
of which Other amounts receivable: -€14,368
- Debts after one year -€45,325
down €45,325 (-44.3%), from €102,387 to €57,062
- Tax, wage and social debts -€39,611
down €39,611 (-77.9%), from €50,878 to €11,267
of which Taxes: -€29,079
- Profit (loss) carried forward +€22,772
up €22,772 (+30.7%), from -€74,211 to -€51,440
- Other debts +€21,674
up €21,674 (+90.9%), from €23,835 to €45,510
- Trade debts +€4,805
up €4,805 (+35.0%), from €13,716 to €18,521
- Staff costs -€129,751
down €129,751 (-68.1%), from €190,657 to €60,906
- Gross operating margin -€105,132
down €105,132 (-44.1%), from €238,380 to €133,249
- Other operating charges -€4,556
down €4,556 (-92.2%), from €4,944 to €387
- Financial charges -€3,023
down €3,023 (-34.5%), from €8,767 to €5,744
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €216,078 | €176,845 | -€39,233 | -18.2% |
| Fixed assets | 21/28 | €168,713 | €129,319 | -€39,394 | -23.3% |
| Intangible fixed assets | 21 | €118,992 | €97,357 | -€21,635 | -18.2% |
| Tangible fixed assets | 22/27 | €38,883 | €21,125 | -€17,759 | -45.7% |
| Plant, machinery and equipment | 23 | €20,467 | €17,000 | -€3,467 | -16.9% |
| Furniture and vehicles | 24 | €18,416 | €4,124 | -€14,291 | -77.6% |
| Financial fixed assets | 28 | €10,838 | €10,838 | = | 0.0% |
| Current assets | 29/58 | €47,365 | €47,526 | +€160 | +0.3% |
| Stocks and contracts in progress | 3 | €3,471 | €2,948 | -€523 | -15.1% |
| Stocks | 30/36 | €3,471 | €2,948 | -€523 | -15.1% |
| Amounts receivable within one year | 40/41 | €30,070 | €21,655 | -€8,415 | -28.0% |
| Trade receivables | 40 | €5,182 | €11,135 | +€5,953 | +114.9% |
| Other amounts receivable | 41 | €24,888 | €10,520 | -€14,368 | -57.7% |
| Cash at bank and in hand | 54/58 | €11,708 | €22,322 | +€10,614 | +90.7% |
| Deferred charges and accrued income | 490/1 | €2,115 | €600 | -€1,515 | -71.6% |
| Total equity and liabilities | 10/49 | €216,078 | €176,845 | -€39,233 | -18.2% |
| Equity | 10/15 | -€24,211 | -€1,440 | +€22,772 | +94.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,211 | -€51,440 | +€22,772 | +30.7% |
| Amounts payable | 17/49 | €240,290 | €178,285 | -€62,005 | -25.8% |
| Amounts payable after more than one year | 17 | €102,387 | €57,062 | -€45,325 | -44.3% |
| Financial debts | 170/4 | €102,387 | €57,062 | -€45,325 | -44.3% |
| Amounts payable within one year | 42/48 | €137,902 | €120,623 | -€17,280 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €49,473 | €45,325 | -€4,148 | -8.4% |
| Trade debts | 44 | €13,716 | €18,521 | +€4,805 | +35.0% |
| Suppliers | 440/4 | €13,716 | €18,521 | +€4,805 | +35.0% |
| Taxes, remuneration and social security | 45 | €50,878 | €11,267 | -€39,611 | -77.9% |
| Taxes | 450/3 | €33,494 | €4,415 | -€29,079 | -86.8% |
| Remuneration and social security | 454/9 | €17,384 | €6,851 | -€10,532 | -60.6% |
| Other amounts payable | 47/48 | €23,835 | €45,510 | +€21,674 | +90.9% |
| Accrued charges and deferred income | 492/3 | - | €600 | +€600 | |
| Remuneration, social security and pensions | 62 | €190,657 | €60,906 | -€129,751 | -68.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,045 | €43,770 | -€275 | -0.6% |
| Other operating charges | 640/8 | €4,944 | €387 | -€4,556 | -92.2% |
| Gross operating margin | 9900 | €238,380 | €133,249 | -€105,132 | -44.1% |
| Operating profit (loss) | 9901 | -€1,265 | €28,186 | +€29,450 | |
| Financial income | 75/76B | €395 | €389 | -€6 | -1.6% |
| Recurring financial income | 75 | €395 | €389 | -€6 | -1.6% |
| Financial charges | 65/66B | €8,767 | €5,744 | -€3,023 | -34.5% |
| Recurring financial charges | 65 | €8,767 | €5,744 | -€3,023 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,636 | €22,831 | +€32,467 | |
| Income taxes | 67/77 | €608 | €59 | -€549 | -90.2% |
| Profit (loss) for the period | 9904 | -€10,245 | €22,772 | +€33,016 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,245 | €22,772 | +€33,016 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.