Van Hulle Vastgoed: what changed
What changed
Van Hulle Vastgoed
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€29,642
2024 · €369,971-€340,329
Equity
€1.8m
2024 · €1.8m+€29,642
Cash
€92,333
2024 · €33,194+€59,140
Balance sheet total
€6.4m
2024 · €6.2m+€154,825
Largest movements
Assets
- Tangible fixed assets +€144,815
up €144,815 (+2.6%), from €5.5m to €5.7m
Equity and liabilities
- Short-term financial debts +€400,000
up €400,000 (+320%), from €125,000 to €525,000
- Trade debts -€190,155
down €190,155 (-82.7%), from €230,045 to €39,890
- Debts after one year -€111,138
down €111,138 (-3.0%), from €3.7m to €3.6m
of which Financial debts: -€101,753
- Other debts +€85,673
up €85,673 (+182%), from €47,128 to €132,801
Income statement
- Gross operating margin -€438,375
down €438,375 (-47.3%), from €927,710 to €489,335
- Financial income -€15,777
down €15,777 (-84.0%), from €18,782 to €3,005
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
€369,971
Gross operating margin
-€438,375
Depreciation
+€8,072
Other operating charges
-€5,605
Financial income
-€15,777
Financial charges
+€7,934
Taxes
+€6,965
Deferred taxes and other
+€96,457
Result 2025
€29,642
raises the resultlowers the resultnot broken down further in the accounts
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
+€155,209
Investment
-€386,074
Financing
+€290,005
Cash 2024
€33,194
From operations (derived)
+€155,209
Net result for the year
+€29,642
Depreciation
+€241,259
Receivables within one year
+€52,175
Deferred charges and accrued income
-€3,045
Provisions
+€3,459
Trade debts
-€190,155
Tax, wage and social debts
-€54,077
Other debts
+€85,673
Accrued charges and deferred income
-€9,722
Investment (derived)
-€386,074
Investment in fixed assets (net)
-€386,074
Financing
+€290,005
Debts after one year
-€111,138
Current portion of long-term debt
+€1,142
Short-term financial debts
+€400,000
Cash 2025
€92,333
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,249,787 | €6,404,612 | +€154,825 | +2.5% |
| Fixed assets | 21/28 | €5,538,146 | €5,682,961 | +€144,815 | +2.6% |
| Tangible fixed assets | 22/27 | €5,538,146 | €5,682,961 | +€144,815 | +2.6% |
| Land and buildings | 22 | €5,538,146 | €5,682,961 | +€144,815 | +2.6% |
| Current assets | 29/58 | €711,641 | €721,651 | +€10,010 | +1.4% |
| Amounts receivable within one year | 40/41 | €675,890 | €623,715 | -€52,175 | -7.7% |
| Trade receivables | 40 | €245,313 | €0 | -€245,313 | -100% |
| Other amounts receivable | 41 | €430,577 | €623,715 | +€193,138 | +44.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €33,194 | €92,333 | +€59,140 | +178% |
| Deferred charges and accrued income | 490/1 | €2,557 | €5,602 | +€3,045 | +119% |
| Total equity and liabilities | 10/49 | €6,249,787 | €6,404,612 | +€154,825 | +2.5% |
| Equity | 10/15 | €1,766,142 | €1,795,784 | +€29,642 | +1.7% |
| Contributions | 10/11 | €1,121,840 | €1,121,840 | = | 0.0% |
| Capital | 10 | €1,121,840 | €1,121,840 | = | 0.0% |
| Issued capital | 100 | €1,121,840 | €1,121,840 | = | 0.0% |
| Reserves | 13 | €643,865 | €673,724 | +€29,859 | +4.6% |
| Non-distributable reserves | 130/1 | €79,022 | €80,504 | +€1,482 | +1.9% |
| Legal reserve | 130 | €79,022 | €80,504 | +€1,482 | +1.9% |
| Tax-exempt reserves | 132 | €502,843 | €513,220 | +€10,377 | +2.1% |
| Distributable reserves | 133 | €62,000 | €80,000 | +€18,000 | +29.0% |
| Profit (loss) carried forward | 14 | €436 | €219 | -€217 | -49.8% |
| Provisions and deferred taxes | 16 | €124,111 | €127,570 | +€3,459 | +2.8% |
| Deferred taxes | 168 | €124,111 | €127,570 | +€3,459 | +2.8% |
| Amounts payable | 17/49 | €4,359,535 | €4,481,258 | +€121,723 | +2.8% |
| Amounts payable after more than one year | 17 | €3,669,938 | €3,558,800 | -€111,138 | -3.0% |
| Financial debts | 170/4 | €1,353,269 | €1,251,516 | -€101,753 | -7.5% |
| Other amounts payable | 178/9 | €2,316,669 | €2,307,284 | -€9,385 | -0.4% |
| Amounts payable within one year | 42/48 | €564,645 | €807,229 | +€242,583 | +43.0% |
| Current portion of amounts payable after more than one year | 42 | €107,473 | €108,615 | +€1,142 | +1.1% |
| Financial debts | 43 | €125,000 | €525,000 | +€400,000 | +320% |
| Credit institutions | 430/8 | €125,000 | €525,000 | +€400,000 | +320% |
| Trade debts | 44 | €230,045 | €39,890 | -€190,155 | -82.7% |
| Suppliers | 440/4 | €230,045 | €39,890 | -€190,155 | -82.7% |
| Taxes, remuneration and social security | 45 | €55,000 | €923 | -€54,077 | -98.3% |
| Taxes | 450/3 | €13,166 | €923 | -€12,244 | -93.0% |
| Remuneration and social security | 454/9 | €41,834 | €0 | -€41,834 | -100% |
| Other amounts payable | 47/48 | €47,128 | €132,801 | +€85,673 | +182% |
| Accrued charges and deferred income | 492/3 | €124,951 | €115,229 | -€9,722 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249,331 | €241,259 | -€8,072 | -3.2% |
| Other operating charges | 640/8 | €75,263 | €80,868 | +€5,605 | +7.4% |
| Gross operating margin | 9900 | €927,710 | €489,335 | -€438,375 | -47.3% |
| Operating profit (loss) | 9901 | €603,116 | €167,208 | -€435,907 | -72.3% |
| Financial income | 75/76B | €18,782 | €3,005 | -€15,777 | -84.0% |
| Recurring financial income | 75 | €18,782 | €3,005 | -€15,777 | -84.0% |
| Financial charges | 65/66B | €131,916 | €123,982 | -€7,934 | -6.0% |
| Recurring financial charges | 65 | €131,916 | €123,982 | -€7,934 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €489,981 | €46,230 | -€443,751 | -90.6% |
| Transfer from deferred taxes | 780 | €1,176 | €1,176 | -€0 | 0.0% |
| Transfer to deferred taxes | 680 | €101,092 | €4,635 | -€96,457 | -95.4% |
| Income taxes | 67/77 | €20,094 | €13,129 | -€6,965 | -34.7% |
| Profit (loss) for the period | 9904 | €369,971 | €29,642 | -€340,329 | -92.0% |
| Transfer from tax-exempt reserves | 789 | €4,311 | €3,527 | -€784 | -18.2% |
| Transfer to tax-exempt reserves | 689 | €355,655 | €13,904 | -€341,750 | -96.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,627 | €19,265 | +€638 | +3.4% |
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 5 November 2026 via checked.be.