HULTHIMA: 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.
HULTHIMA
Largest movements
- Cash -€28,428
down €28,428 (-16.4%), from €172,897 to €144,469
mainly Contributions, distributions and other (-€59,000) and Debts after one year (-€35,774)
- Stocks and contracts +€16,510
up €16,510 (+8.3%), from €200,094 to €216,604
- Tangible fixed assets -€7,661
down €7,661 (-9.4%), from €81,106 to €73,445
of which Other tangible fixed assets: -€8,416
- Deferred charges and accrued income -€6,529
down €6,529 (-56.9%), from €11,484 to €4,955
- Debts after one year -€35,774
down €35,774 (-66.4%), from €53,888 to €18,114
- Trade debts +€14,641
up €14,641 (+16.4%), from €89,169 to €103,810
- Reserves -€9,855
down €9,855 (-5.4%), from €181,309 to €171,454
- Other debts -€9,032
down €9,032 (-13.3%), from €68,165 to €59,133
- Tax, wage and social debts +€8,981
up €8,981 (+23.2%), from €38,702 to €47,683
of which Taxes: +€7,873
- Gross operating margin -€21,909
down €21,909 (-10.4%), from €210,414 to €188,505
- Taxes -€4,566
down €4,566 (-24.5%), from €18,635 to €14,069
- Staff costs +€4,454
up €4,454 (+4.8%), from €93,520 to €97,974
- Other operating charges -€2,996
down €2,996 (-48.7%), from €6,154 to €3,158
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.
Cash bridge derived
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 | €486,380 | €455,938 | -€30,442 | -6.3% |
| Fixed assets | 21/28 | €97,434 | €86,773 | -€10,661 | -10.9% |
| Intangible fixed assets | 21 | €16,328 | €13,328 | -€3,000 | -18.4% |
| Tangible fixed assets | 22/27 | €81,106 | €73,445 | -€7,661 | -9.4% |
| Plant, machinery and equipment | 23 | €2,157 | €876 | -€1,281 | -59.4% |
| Furniture and vehicles | 24 | €2,691 | €4,727 | +€2,036 | +75.7% |
| Other tangible fixed assets | 26 | €76,258 | €67,842 | -€8,416 | -11.0% |
| Current assets | 29/58 | €388,946 | €369,165 | -€19,781 | -5.1% |
| Stocks and contracts in progress | 3 | €200,094 | €216,604 | +€16,510 | +8.3% |
| Stocks | 30/36 | €200,094 | €216,604 | +€16,510 | +8.3% |
| Amounts receivable within one year | 40/41 | €4,471 | €3,137 | -€1,334 | -29.8% |
| Trade receivables | 40 | €4,329 | €1,661 | -€2,668 | -61.6% |
| Other amounts receivable | 41 | €142 | €1,476 | +€1,334 | +939.4% |
| Cash at bank and in hand | 54/58 | €172,897 | €144,469 | -€28,428 | -16.4% |
| Deferred charges and accrued income | 490/1 | €11,484 | €4,955 | -€6,529 | -56.9% |
| Total equity and liabilities | 10/49 | €486,380 | €455,938 | -€30,442 | -6.3% |
| Equity | 10/15 | €199,909 | €190,054 | -€9,855 | -4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €181,309 | €171,454 | -€9,855 | -5.4% |
| Distributable reserves | 133 | €181,309 | €171,454 | -€9,855 | -5.4% |
| Amounts payable | 17/49 | €286,471 | €265,884 | -€20,587 | -7.2% |
| Amounts payable after more than one year | 17 | €53,888 | €18,114 | -€35,774 | -66.4% |
| Financial debts | 170/4 | €53,888 | €18,114 | -€35,774 | -66.4% |
| Amounts payable within one year | 42/48 | €232,383 | €247,570 | +€15,187 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €35,177 | €35,774 | +€597 | +1.7% |
| Trade debts | 44 | €89,169 | €103,810 | +€14,641 | +16.4% |
| Suppliers | 440/4 | €89,169 | €103,810 | +€14,641 | +16.4% |
| Advances received on contracts in progress | 46 | €1,170 | €1,170 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €38,702 | €47,683 | +€8,981 | +23.2% |
| Taxes | 450/3 | €17,392 | €25,265 | +€7,873 | +45.3% |
| Remuneration and social security | 454/9 | €21,310 | €22,418 | +€1,108 | +5.2% |
| Other amounts payable | 47/48 | €68,165 | €59,133 | -€9,032 | -13.3% |
| Accrued charges and deferred income | 492/3 | €200 | €200 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €93,520 | €97,974 | +€4,454 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,146 | €20,171 | +€25 | +0.1% |
| Other operating charges | 640/8 | €6,154 | €3,158 | -€2,996 | -48.7% |
| Non-recurring operating charges | 66A | €63 | - | -€63 | |
| Gross operating margin | 9900 | €210,414 | €188,505 | -€21,909 | -10.4% |
| Operating profit (loss) | 9901 | €90,531 | €67,202 | -€23,329 | -25.8% |
| Financial income | 75/76B | €3,967 | €3,770 | -€197 | -5.0% |
| Recurring financial income | 75 | €3,967 | €3,770 | -€197 | -5.0% |
| Financial charges | 65/66B | €8,385 | €7,758 | -€627 | -7.5% |
| Recurring financial charges | 65 | €8,385 | €7,758 | -€627 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €86,113 | €63,214 | -€22,899 | -26.6% |
| Income taxes | 67/77 | €18,635 | €14,069 | -€4,566 | -24.5% |
| Profit (loss) for the period | 9904 | €67,478 | €49,145 | -€18,333 | -27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €67,478 | €49,145 | -€18,333 | -27.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.