jan.van.hulle: 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.
jan.van.hulle
Largest movements
- Current investments -€24,440
down €24,440 (-71.4%), from €34,250 to €9,810
- Tangible fixed assets +€13,932
up €13,932 (+9.9%), from €140,845 to €154,777
of which Land and buildings: +€23,068
- Receivables within one year -€12,507
down €12,507 (-35.8%), from €34,919 to €22,412
of which Trade receivables: -€15,942
- Cash +€11,263
up €11,263 (+23.1%), from €48,716 to €59,979
mainly Current investments (+€24,440) and Depreciation (+€22,538)
- Debts after one year -€16,865
down €16,865 (-56.1%), from €30,046 to €13,180
- Trade debts -€8,982
down €8,982 (-81.7%), from €10,996 to €2,015
- Tax, wage and social debts +€8,035
up €8,035 (+109%), from €7,367 to €15,402
- Profit (loss) carried forward +€7,842
up €7,842 (+34.9%), from €22,489 to €30,331
- Gross operating margin -€9,084
down €9,084 (-20.1%), from €45,154 to €36,071
- Depreciation +€5,757
up €5,757 (+34.3%), from €16,782 to €22,538
- Taxes -€4,614
down €4,614 (-74.6%), from €6,189 to €1,574
- Financial charges -€3,891
down €3,891 (-66.1%), from €5,886 to €1,995
- Staff costs -€2,674
down €2,674 (-100%), from €2,674 to €0
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 | €261,830 | €251,173 | -€10,657 | -4.1% |
| Fixed assets | 21/28 | €143,945 | €157,877 | +€13,932 | +9.7% |
| Tangible fixed assets | 22/27 | €140,845 | €154,777 | +€13,932 | +9.9% |
| Land and buildings | 22 | €94,326 | €117,394 | +€23,068 | +24.5% |
| Plant, machinery and equipment | 23 | - | €2,696 | +€2,696 | |
| Furniture and vehicles | 24 | €46,519 | €34,688 | -€11,832 | -25.4% |
| Financial fixed assets | 28 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €117,885 | €93,296 | -€24,589 | -20.9% |
| Amounts receivable within one year | 40/41 | €34,919 | €22,412 | -€12,507 | -35.8% |
| Trade receivables | 40 | €33,248 | €17,306 | -€15,942 | -47.9% |
| Other amounts receivable | 41 | €1,671 | €5,106 | +€3,435 | +205% |
| Current investments | 50/53 | €34,250 | €9,810 | -€24,440 | -71.4% |
| Cash at bank and in hand | 54/58 | €48,716 | €59,979 | +€11,263 | +23.1% |
| Deferred charges and accrued income | 490/1 | - | €1,094 | +€1,094 | |
| Total equity and liabilities | 10/49 | €261,830 | €251,173 | -€10,657 | -4.1% |
| Equity | 10/15 | €134,465 | €142,307 | +€7,842 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €93,376 | €93,376 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | €6,576 | €6,576 | = | 0.0% |
| Distributable reserves | 133 | €84,939 | €84,939 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,489 | €30,331 | +€7,842 | +34.9% |
| Amounts payable | 17/49 | €127,365 | €108,866 | -€18,499 | -14.5% |
| Amounts payable after more than one year | 17 | €30,046 | €13,180 | -€16,865 | -56.1% |
| Financial debts | 170/4 | €30,046 | €13,180 | -€16,865 | -56.1% |
| Amounts payable within one year | 42/48 | €95,920 | €94,286 | -€1,634 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €16,119 | €16,865 | +€746 | +4.6% |
| Financial debts | 43 | - | €734 | +€734 | |
| Credit institutions | 430/8 | - | €734 | +€734 | |
| Trade debts | 44 | €10,996 | €2,015 | -€8,982 | -81.7% |
| Suppliers | 440/4 | €10,996 | €2,015 | -€8,982 | -81.7% |
| Taxes, remuneration and social security | 45 | €7,367 | €15,402 | +€8,035 | +109% |
| Taxes | 450/3 | €7,367 | €15,402 | +€8,035 | +109% |
| Other amounts payable | 47/48 | €61,438 | €59,271 | -€2,167 | -3.5% |
| Accrued charges and deferred income | 492/3 | €1,400 | €1,400 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €2,674 | €0 | -€2,674 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,782 | €22,538 | +€5,757 | +34.3% |
| Other operating charges | 640/8 | €3,980 | €2,246 | -€1,733 | -43.6% |
| Gross operating margin | 9900 | €45,154 | €36,071 | -€9,084 | -20.1% |
| Operating profit (loss) | 9901 | €21,719 | €11,286 | -€10,433 | -48.0% |
| Financial income | 75/76B | €295 | €125 | -€170 | -57.6% |
| Recurring financial income | 75 | €295 | €125 | -€170 | -57.6% |
| Financial charges | 65/66B | €5,886 | €1,995 | -€3,891 | -66.1% |
| Recurring financial charges | 65 | €5,886 | €1,995 | -€3,891 | -66.1% |
| Profit (loss) for the period before taxes | 9903 | €16,128 | €9,416 | -€6,712 | -41.6% |
| Income taxes | 67/77 | €6,189 | €1,574 | -€4,614 | -74.6% |
| Profit (loss) for the period | 9904 | €9,939 | €7,842 | -€2,097 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,939 | €7,842 | -€2,097 | -21.1% |
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 26 October 2026 via checked.be.