LA HULPE 177: 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.
LA HULPE 177
Largest movements
- Tangible fixed assets -€33,275
down €33,275 (-7.0%), from €477,244 to €443,969
of which Plant, machinery and equipment: -€17,561
- Receivables within one year +€30,860
up €30,860 (+204%), from €15,163 to €46,023
of which Trade receivables: +€30,012
- Cash +€7,808
up €7,808 (+332%), from €2,354 to €10,161
mainly Depreciation (+€33,275) and Trade debts (+€25,715)
- Debts after one year -€39,158
down €39,158 (-9.7%), from €404,754 to €365,596
- Trade debts +€25,715
up €25,715 (+183%), from €14,048 to €39,763
- Profit (loss) carried forward +€12,475
up €12,475 (+40.3%), from €30,932 to €43,407
- Tax, wage and social debts +€5,870
new in 2025: €5,870
- Gross operating margin +€12,995
up €12,995 (+18.2%), from €71,348 to €84,344
- Taxes +€4,308
up €4,308 (+277%), from €1,557 to €5,864
- Depreciation -€2,763
down €2,763 (-7.7%), from €36,038 to €33,275
- Other operating charges +€927
up €927 (+3.5%), from €26,266 to €27,193
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 | €494,761 | €500,154 | +€5,393 | +1.1% |
| Fixed assets | 21/28 | €477,244 | €443,969 | -€33,275 | -7.0% |
| Tangible fixed assets | 22/27 | €477,244 | €443,969 | -€33,275 | -7.0% |
| Land and buildings | 22 | €362,004 | €346,290 | -€15,714 | -4.3% |
| Plant, machinery and equipment | 23 | €115,240 | €97,679 | -€17,561 | -15.2% |
| Current assets | 29/58 | €17,517 | €56,185 | +€38,668 | +221% |
| Amounts receivable within one year | 40/41 | €15,163 | €46,023 | +€30,860 | +204% |
| Trade receivables | 40 | €0 | €30,012 | +€30,012 | +10,003,847% |
| Other amounts receivable | 41 | €15,163 | €16,011 | +€849 | +5.6% |
| Cash at bank and in hand | 54/58 | €2,354 | €10,161 | +€7,808 | +332% |
| Total equity and liabilities | 10/49 | €494,761 | €500,154 | +€5,393 | +1.1% |
| Equity | 10/15 | €37,132 | €49,607 | +€12,475 | +33.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,932 | €43,407 | +€12,475 | +40.3% |
| Amounts payable | 17/49 | €457,629 | €450,547 | -€7,082 | -1.5% |
| Amounts payable after more than one year | 17 | €404,754 | €365,596 | -€39,158 | -9.7% |
| Financial debts | 170/4 | €404,754 | €365,596 | -€39,158 | -9.7% |
| Amounts payable within one year | 42/48 | €52,875 | €84,951 | +€32,076 | +60.7% |
| Current portion of amounts payable after more than one year | 42 | €38,827 | €39,318 | +€491 | +1.3% |
| Trade debts | 44 | €14,048 | €39,763 | +€25,715 | +183% |
| Suppliers | 440/4 | €14,048 | €39,763 | +€25,715 | +183% |
| Taxes, remuneration and social security | 45 | - | €5,870 | +€5,870 | |
| Taxes | 450/3 | - | €5,870 | +€5,870 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,038 | €33,275 | -€2,763 | -7.7% |
| Other operating charges | 640/8 | €26,266 | €27,193 | +€927 | +3.5% |
| Gross operating margin | 9900 | €71,348 | €84,344 | +€12,995 | +18.2% |
| Operating profit (loss) | 9901 | €9,044 | €23,875 | +€14,831 | +164% |
| Financial charges | 65/66B | €6,142 | €5,536 | -€606 | -9.9% |
| Recurring financial charges | 65 | €6,142 | €5,536 | -€606 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €2,902 | €18,339 | +€15,437 | +532% |
| Income taxes | 67/77 | €1,557 | €5,864 | +€4,308 | +277% |
| Profit (loss) for the period | 9904 | €1,345 | €12,475 | +€11,130 | +827% |
| Profit (loss) for the period to be appropriated | 9905 | €1,345 | €12,475 | +€11,130 | +827% |
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 29 October 2026 via checked.be.