Loïc de Hults: what changed
Loïc de Hults
Largest movements
- Cash -€46,372
down €46,372 (-31.3%), from €147,978 to €101,606
mainly Contributions, distributions and other (-€158,824) and Current portion of long-term debt (-€8,521)
- Current investments -€29,053
down €29,053 (-69.2%), from €42,000 to €12,947
- Intangible fixed assets -€12,000
down €12,000 (-22.1%), from €54,222 to €42,222
- Tangible fixed assets -€6,194
down €6,194 (-12.8%), from €48,474 to €42,280
of which Furniture and vehicles: -€13,148
- Profit (loss) carried forward -€110,031
down €110,031 (-90.8%), from €121,157 to €11,126
- Other debts +€33,023
up €33,023 (+28.3%), from €116,719 to €149,742
- Current portion of long-term debt -€8,521
down €8,521 (-74.8%), from €11,389 to €2,868
- Tax, wage and social debts -€6,891
down €6,891 (-30.2%), from €22,824 to €15,933
- Gross operating margin -€2,664
down €2,664 (-2.9%), from €92,425 to €89,761
- Other operating charges +€1,482
new in 2025: €1,482
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 | €292,818 | €199,375 | -€93,443 | -31.9% |
| Fixed assets | 21/28 | €102,696 | €84,502 | -€18,194 | -17.7% |
| Intangible fixed assets | 21 | €54,222 | €42,222 | -€12,000 | -22.1% |
| Tangible fixed assets | 22/27 | €48,474 | €42,280 | -€6,194 | -12.8% |
| Plant, machinery and equipment | 23 | - | €6,954 | +€6,954 | |
| Furniture and vehicles | 24 | €48,474 | €35,326 | -€13,148 | -27.1% |
| Current assets | 29/58 | €190,123 | €114,873 | -€75,249 | -39.6% |
| Current investments | 50/53 | €42,000 | €12,947 | -€29,053 | -69.2% |
| Cash at bank and in hand | 54/58 | €147,978 | €101,606 | -€46,372 | -31.3% |
| Deferred charges and accrued income | 490/1 | €145 | €320 | +€175 | +121% |
| Total equity and liabilities | 10/49 | €292,818 | €199,375 | -€93,443 | -31.9% |
| Equity | 10/15 | €133,557 | €23,526 | -€110,031 | -82.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,157 | €11,126 | -€110,031 | -90.8% |
| Amounts payable | 17/49 | €159,262 | €175,849 | +€16,588 | +10.4% |
| Amounts payable after more than one year | 17 | €2,868 | - | -€2,868 | |
| Financial debts | 170/4 | €2,868 | - | -€2,868 | |
| Amounts payable within one year | 42/48 | €156,394 | €175,849 | +€19,456 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €11,389 | €2,868 | -€8,521 | -74.8% |
| Trade debts | 44 | €5,462 | €7,307 | +€1,845 | +33.8% |
| Suppliers | 440/4 | €5,462 | €7,307 | +€1,845 | +33.8% |
| Taxes, remuneration and social security | 45 | €22,824 | €15,933 | -€6,891 | -30.2% |
| Taxes | 450/3 | €22,824 | €15,933 | -€6,891 | -30.2% |
| Other amounts payable | 47/48 | €116,719 | €149,742 | +€33,023 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,579 | €25,514 | -€65 | -0.3% |
| Other operating charges | 640/8 | - | €1,482 | +€1,482 | |
| Gross operating margin | 9900 | €92,425 | €89,761 | -€2,664 | -2.9% |
| Operating profit (loss) | 9901 | €66,846 | €62,765 | -€4,081 | -6.1% |
| Financial income | 75/76B | €319 | €99 | -€220 | -69.1% |
| Recurring financial income | 75 | €319 | €99 | -€220 | -69.1% |
| Financial charges | 65/66B | €394 | €264 | -€130 | -33.0% |
| Recurring financial charges | 65 | €394 | €264 | -€130 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €66,770 | €62,599 | -€4,171 | -6.2% |
| Income taxes | 67/77 | €14,729 | €13,807 | -€922 | -6.3% |
| Profit (loss) for the period | 9904 | €52,042 | €48,793 | -€3,249 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €52,042 | €48,793 | -€3,249 | -6.2% |
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.