Immo Hulsmans: 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.
Immo Hulsmans
Largest movements
- Stocks and contracts +€840,369
up €840,369 (+70.1%), from €1.2m to €2.0m
- Short-term financial debts +€748,191
up €748,191 (+73.7%), from €1.0m to €1.8m
- Other debts +€86,581
up €86,581 (+80.8%), from €107,127 to €193,708
- Financial income -€27,383
down €27,383 (-100.0%), from €27,383 to €0
- Financial charges +€4,390
up €4,390 (+3631.8%), from €121 to €4,511
- Gross operating margin +€1,590
up €1,590 (+47.0%), from -€3,386 to -€1,796
- Other operating charges -€1,402
down €1,402 (-75.1%), from €1,866 to €464
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 | €1,200,309 | €2,039,692 | +€839,383 | +69.9% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Current assets | 29/58 | €1,200,309 | €2,039,692 | +€839,383 | +69.9% |
| Stocks and contracts in progress | 3 | €1,199,250 | €2,039,619 | +€840,369 | +70.1% |
| Stocks | 30/36 | €1,199,250 | €2,039,619 | +€840,369 | +70.1% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,059 | €73 | -€986 | -93.2% |
| Total equity and liabilities | 10/49 | €1,200,309 | €2,039,692 | +€839,383 | +69.9% |
| Equity | 10/15 | €73,692 | €66,921 | -€6,771 | -9.2% |
| Contributions | 10/11 | €57,000 | €57,000 | = | 0.0% |
| Reserves | 13 | €16,692 | €9,921 | -€6,771 | -40.6% |
| Distributable reserves | 133 | €16,692 | €9,921 | -€6,771 | -40.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,126,617 | €1,972,771 | +€846,154 | +75.1% |
| Amounts payable within one year | 42/48 | €1,126,617 | €1,972,771 | +€846,154 | +75.1% |
| Financial debts | 43 | €1,015,000 | €1,763,191 | +€748,191 | +73.7% |
| Credit institutions | 430/8 | €1,015,000 | €1,763,191 | +€748,191 | +73.7% |
| Trade debts | 44 | €4,490 | €15,872 | +€11,382 | +253.5% |
| Suppliers | 440/4 | €4,490 | €15,872 | +€11,382 | +253.5% |
| Other amounts payable | 47/48 | €107,127 | €193,708 | +€86,581 | +80.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €1,866 | €464 | -€1,402 | -75.1% |
| Gross operating margin | 9900 | -€3,386 | -€1,796 | +€1,590 | +47.0% |
| Operating profit (loss) | 9901 | -€5,252 | -€2,260 | +€2,992 | +57.0% |
| Financial income | 75/76B | €27,383 | €0 | -€27,383 | -100.0% |
| Recurring financial income | 75 | €27,383 | €0 | -€27,383 | -100.0% |
| Financial charges | 65/66B | €121 | €4,511 | +€4,390 | +3631.8% |
| Recurring financial charges | 65 | €121 | €4,511 | +€4,390 | +3631.8% |
| Profit (loss) for the period before taxes | 9903 | €22,010 | -€6,771 | -€28,781 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €22,010 | -€6,771 | -€28,781 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,010 | -€6,771 | -€28,781 |
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 10 October 2026 via checked.be.