JACQUES HULSBOSCH & PARTNERS: what changed
JACQUES HULSBOSCH & PARTNERS
Largest movements
- Cash -€45,224
down €45,224 (-71.6%), from €63,199 to €17,974
mainly Contributions, distributions and other (-€105,880) and Investment in fixed assets (net) (-€41,795)
- Tangible fixed assets +€37,975
up €37,975 (+597%), from €6,357 to €44,332
of which Furniture and vehicles: +€33,960
- Receivables within one year +€9,107
up €9,107 (+3.4%), from €270,826 to €279,933
of which Other amounts receivable: +€6,692
- Other debts +€105,880
new in 2025: €105,880
- Reserves -€82,563
down €82,563 (-31.4%), from €263,056 to €180,493
- Tax, wage and social debts -€14,331
down €14,331 (-20.3%), from €70,433 to €56,103
of which Taxes: -€19,136
- Accrued charges and deferred income -€8,086
down €8,086 (-21.1%), from €38,331 to €30,244
- Other operating charges +€11,308
up €11,308 (+566%), from €1,998 to €13,306
- Gross operating margin +€11,008
up €11,008 (+8.0%), from €137,454 to €148,462
- Depreciation +€1,647
up €1,647 (+75.8%), from €2,173 to €3,820
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €380,700 | €382,709 | +€2,009 | +0.5% |
| Fixed assets | 21/28 | €6,529 | €44,503 | +€37,975 | +582% |
| Tangible fixed assets | 22/27 | €6,357 | €44,332 | +€37,975 | +597% |
| Land and buildings | 22 | €4,446 | €9,259 | +€4,813 | +108% |
| Plant, machinery and equipment | 23 | €1,911 | €1,113 | -€799 | -41.8% |
| Furniture and vehicles | 24 | - | €33,960 | +€33,960 | |
| Financial fixed assets | 28 | €171 | €171 | = | 0.0% |
| Current assets | 29/58 | €374,171 | €338,206 | -€35,966 | -9.6% |
| Amounts receivable after more than one year | 29 | €28,000 | €28,000 | = | 0.0% |
| Other amounts receivable | 291 | €28,000 | €28,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €270,826 | €279,933 | +€9,107 | +3.4% |
| Trade receivables | 40 | €148,877 | €151,292 | +€2,415 | +1.6% |
| Other amounts receivable | 41 | €121,949 | €128,641 | +€6,692 | +5.5% |
| Cash at bank and in hand | 54/58 | €63,199 | €17,974 | -€45,224 | -71.6% |
| Deferred charges and accrued income | 490/1 | €12,147 | €12,299 | +€152 | +1.3% |
| Total equity and liabilities | 10/49 | €380,700 | €382,709 | +€2,009 | +0.5% |
| Equity | 10/15 | €269,256 | €186,693 | -€82,563 | -30.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €263,056 | €180,493 | -€82,563 | -31.4% |
| Distributable reserves | 133 | €263,056 | €180,493 | -€82,563 | -31.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €111,444 | €196,016 | +€84,572 | +75.9% |
| Amounts payable within one year | 42/48 | €73,113 | €165,771 | +€92,658 | +127% |
| Trade debts | 44 | €2,680 | €3,788 | +€1,108 | +41.4% |
| Suppliers | 440/4 | €2,680 | €3,788 | +€1,108 | +41.4% |
| Taxes, remuneration and social security | 45 | €70,433 | €56,103 | -€14,331 | -20.3% |
| Taxes | 450/3 | €48,377 | €29,241 | -€19,136 | -39.6% |
| Remuneration and social security | 454/9 | €22,056 | €26,862 | +€4,806 | +21.8% |
| Other amounts payable | 47/48 | - | €105,880 | +€105,880 | |
| Accrued charges and deferred income | 492/3 | €38,331 | €30,244 | -€8,086 | -21.1% |
| Non-recurring operating income | 76A | - | €750 | +€750 | |
| Remuneration, social security and pensions | 62 | €101,649 | €102,436 | +€787 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,173 | €3,820 | +€1,647 | +75.8% |
| Other operating charges | 640/8 | €1,998 | €13,306 | +€11,308 | +566% |
| Gross operating margin | 9900 | €137,454 | €148,462 | +€11,008 | +8.0% |
| Operating profit (loss) | 9901 | €31,634 | €28,899 | -€2,735 | -8.6% |
| Financial income | 75/76B | €7,177 | €6,427 | -€750 | -10.4% |
| Recurring financial income | 75 | €7,177 | €6,427 | -€750 | -10.4% |
| Financial charges | 65/66B | €1,045 | €740 | -€304 | -29.1% |
| Recurring financial charges | 65 | €1,045 | €740 | -€304 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €37,766 | €34,586 | -€3,180 | -8.4% |
| Income taxes | 67/77 | €12,745 | €11,268 | -€1,477 | -11.6% |
| Profit (loss) for the period | 9904 | €25,021 | €23,318 | -€1,703 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,021 | €23,318 | -€1,703 | -6.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.