Van Hulle Recycling: what changed
What changed
Van Hulle Recycling
NACE 39.000, Remediation activities and other waste management service activities
filed annual accounts (NBB)
Net result for the year
€47,196
2024 · €35,375+€11,821
Equity
€273,408
2024 · €226,212+€47,196
Cash
€70,633
2024 · €75,099-€4,466
Balance sheet total
€1.5m
2024 · €1.2m+€273,332
Largest movements
Assets
- Tangible fixed assets +€283,605
up €283,605 (+25.7%), from €1.1m to €1.4m
of which Land and buildings: +€294,907
Equity and liabilities
- Other debts +€178,373
up €178,373 (+35.1%), from €508,048 to €686,421
- Reserves +€47,196
up €47,196 (+22.9%), from €206,212 to €253,408
- Debts after one year +€42,527
up €42,527 (+11.6%), from €365,625 to €408,152
Income statement
- Gross operating margin +€61,230
up €61,230 (+39.6%), from €154,725 to €215,955
- Depreciation +€51,422
up €51,422 (+66.3%), from €77,600 to €129,022
- Financial charges -€5,835
down €5,835 (-23.8%), from €24,501 to €18,666
- Taxes +€3,809
up €3,809 (+28.1%), from €13,549 to €17,358
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.
Result 2024
€35,375
Gross operating margin
+€61,230
Depreciation
-€51,422
Other operating charges
-€13
Financial charges
+€5,835
Taxes
-€3,809
Result 2025
€47,196
raises the resultlowers the result
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.
From operations
+€357,060
Investment
-€412,627
Financing
+€51,101
Cash 2024
€75,099
From operations (derived)
+€357,060
Net result for the year
+€47,196
Depreciation
+€129,022
Receivables within one year
+€5,807
Trade debts
-€7,750
Tax, wage and social debts
+€4,412
Other debts
+€178,373
Investment (derived)
-€412,627
Investment in fixed assets (net)
-€412,627
Financing
+€51,101
Debts after one year
+€42,527
Current portion of long-term debt
+€8,574
Cash 2025
€70,633
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,209,913 | €1,483,245 | +€273,332 | +22.6% |
| Fixed assets | 21/28 | €1,104,159 | €1,387,764 | +€283,605 | +25.7% |
| Tangible fixed assets | 22/27 | €1,104,159 | €1,387,764 | +€283,605 | +25.7% |
| Land and buildings | 22 | €1,074,957 | €1,369,864 | +€294,907 | +27.4% |
| Plant, machinery and equipment | 23 | €17,638 | €4,706 | -€12,932 | -73.3% |
| Furniture and vehicles | 24 | €11,564 | €13,194 | +€1,630 | +14.1% |
| Current assets | 29/58 | €105,754 | €95,481 | -€10,273 | -9.7% |
| Amounts receivable within one year | 40/41 | €30,655 | €24,848 | -€5,807 | -18.9% |
| Trade receivables | 40 | €29,107 | €23,817 | -€5,290 | -18.2% |
| Other amounts receivable | 41 | €1,548 | €1,031 | -€517 | -33.4% |
| Cash at bank and in hand | 54/58 | €75,099 | €70,633 | -€4,466 | -5.9% |
| Total equity and liabilities | 10/49 | €1,209,913 | €1,483,245 | +€273,332 | +22.6% |
| Equity | 10/15 | €226,212 | €273,408 | +€47,196 | +20.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €206,212 | €253,408 | +€47,196 | +22.9% |
| Distributable reserves | 133 | €206,212 | €253,408 | +€47,196 | +22.9% |
| Amounts payable | 17/49 | €983,701 | €1,209,837 | +€226,136 | +23.0% |
| Amounts payable after more than one year | 17 | €365,625 | €408,152 | +€42,527 | +11.6% |
| Financial debts | 170/4 | €365,625 | €408,152 | +€42,527 | +11.6% |
| Amounts payable within one year | 42/48 | €618,076 | €801,685 | +€183,609 | +29.7% |
| Current portion of amounts payable after more than one year | 42 | €47,500 | €56,074 | +€8,574 | +18.1% |
| Trade debts | 44 | €28,370 | €20,620 | -€7,750 | -27.3% |
| Suppliers | 440/4 | €28,370 | €20,620 | -€7,750 | -27.3% |
| Taxes, remuneration and social security | 45 | €34,158 | €38,570 | +€4,412 | +12.9% |
| Taxes | 450/3 | €34,158 | €38,570 | +€4,412 | +12.9% |
| Other amounts payable | 47/48 | €508,048 | €686,421 | +€178,373 | +35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,600 | €129,022 | +€51,422 | +66.3% |
| Other operating charges | 640/8 | €3,703 | €3,716 | +€13 | +0.4% |
| Gross operating margin | 9900 | €154,725 | €215,955 | +€61,230 | +39.6% |
| Operating profit (loss) | 9901 | €73,422 | €83,217 | +€9,795 | +13.3% |
| Financial income | 75/76B | €3 | €3 | = | 0.0% |
| Recurring financial income | 75 | €3 | €3 | = | 0.0% |
| Financial charges | 65/66B | €24,501 | €18,666 | -€5,835 | -23.8% |
| Recurring financial charges | 65 | €24,501 | €18,666 | -€5,835 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €48,924 | €64,554 | +€15,630 | +31.9% |
| Income taxes | 67/77 | €13,549 | €17,358 | +€3,809 | +28.1% |
| Profit (loss) for the period | 9904 | €35,375 | €47,196 | +€11,821 | +33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,375 | €47,196 | +€11,821 | +33.4% |
Next steps
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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 7 November 2026 via checked.be.