Van Hulle - Verhulst: what changed
What changed
Van Hulle - Verhulst
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
€39,743
2024 · -€14,682+€54,425
Equity
€158,938
2024 · €119,195+€39,743
Cash
€161,127
2024 · €156,568+€4,560
Balance sheet total
€787,070
2024 · €764,481+€22,589
Largest movements
Assets
- Receivables within one year +€25,263
up €25,263 (+30.7%), from €82,234 to €107,497
of which Trade receivables: +€20,914
- Tangible fixed assets -€13,636
down €13,636 (-2.7%), from €512,414 to €498,778
of which Leasing and similar rights: -€25,440
Equity and liabilities
- Other debts -€53,002
down €53,002 (-36.1%), from €146,662 to €93,660
- Debts after one year +€45,517
up €45,517 (+19.2%), from €236,720 to €282,236
- Reserves +€39,743
up €39,743 (+34.2%), from €116,195 to €155,938
of which Distributable reserves: +€44,719
- Tax, wage and social debts -€25,000
down €25,000 (-38.7%), from €64,520 to €39,521
of which Taxes: -€22,173
- Current portion of long-term debt +€24,346
up €24,346 (+23.0%), from €106,013 to €130,358
Income statement
- Gross operating margin +€56,078
up €56,078 (+12.1%), from €461,877 to €517,956
- Depreciation -€6,321
down €6,321 (-2.6%), from €239,092 to €232,771
- Taxes +€5,651
up €5,651, from €0 to €5,651
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
-€14,682
Gross operating margin
+€56,078
Staff costs
+€3,668
Depreciation
+€6,321
Other operating charges
-€1,733
Financial income
+€123
Financial charges
-€4,382
Taxes
-€5,651
Result 2025
€39,743
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
+€149,639
Investment
-€219,135
Financing
+€74,056
Cash 2024
€156,568
From operations (derived)
+€149,639
Net result for the year
+€39,743
Depreciation
+€232,771
Receivables within one year
-€25,263
Deferred charges and accrued income
-€6,402
Provisions
-€1,659
Trade debts
-€11,550
Tax, wage and social debts
-€25,000
Other debts
-€53,002
Investment (derived)
-€219,135
Investment in fixed assets (net)
-€219,135
Financing
+€74,056
Debts after one year
+€45,517
Current portion of long-term debt
+€24,346
Short-term financial debts
+€4,193
Cash 2025
€161,127
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €764,481 | €787,070 | +€22,589 | +3.0% |
| Fixed assets | 21/28 | €512,414 | €498,778 | -€13,636 | -2.7% |
| Tangible fixed assets | 22/27 | €512,414 | €498,778 | -€13,636 | -2.7% |
| Plant, machinery and equipment | 23 | €0 | €5,532 | +€5,532 | |
| Furniture and vehicles | 24 | €398,699 | €404,971 | +€6,272 | +1.6% |
| Leasing and similar rights | 25 | €113,715 | €88,275 | -€25,440 | -22.4% |
| Current assets | 29/58 | €252,067 | €288,291 | +€36,225 | +14.4% |
| Amounts receivable within one year | 40/41 | €82,234 | €107,497 | +€25,263 | +30.7% |
| Trade receivables | 40 | €82,234 | €103,148 | +€20,914 | +25.4% |
| Other amounts receivable | 41 | - | €4,349 | +€4,349 | |
| Cash at bank and in hand | 54/58 | €156,568 | €161,127 | +€4,560 | +2.9% |
| Deferred charges and accrued income | 490/1 | €13,265 | €19,667 | +€6,402 | +48.3% |
| Total equity and liabilities | 10/49 | €764,481 | €787,070 | +€22,589 | +3.0% |
| Equity | 10/15 | €119,195 | €158,938 | +€39,743 | +33.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €116,195 | €155,938 | +€39,743 | +34.2% |
| Tax-exempt reserves | 132 | €16,784 | €11,807 | -€4,976 | -29.7% |
| Distributable reserves | 133 | €99,411 | €144,131 | +€44,719 | +45.0% |
| Provisions and deferred taxes | 16 | €5,594 | €3,936 | -€1,659 | -29.7% |
| Deferred taxes | 168 | €5,594 | €3,936 | -€1,659 | -29.7% |
| Amounts payable | 17/49 | €639,692 | €624,196 | -€15,495 | -2.4% |
| Amounts payable after more than one year | 17 | €236,720 | €282,236 | +€45,517 | +19.2% |
| Financial debts | 170/4 | €236,720 | €282,236 | +€45,517 | +19.2% |
| Amounts payable within one year | 42/48 | €402,972 | €341,960 | -€61,012 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €106,013 | €130,358 | +€24,346 | +23.0% |
| Financial debts | 43 | - | €4,193 | +€4,193 | |
| Credit institutions | 430/8 | - | €4,193 | +€4,193 | |
| Trade debts | 44 | €85,777 | €74,227 | -€11,550 | -13.5% |
| Suppliers | 440/4 | €85,777 | €74,227 | -€11,550 | -13.5% |
| Taxes, remuneration and social security | 45 | €64,520 | €39,521 | -€25,000 | -38.7% |
| Taxes | 450/3 | €43,513 | €21,340 | -€22,173 | -51.0% |
| Remuneration and social security | 454/9 | €21,008 | €18,181 | -€2,827 | -13.5% |
| Other amounts payable | 47/48 | €146,662 | €93,660 | -€53,002 | -36.1% |
| Non-recurring operating income | 76A | - | €5,745 | +€5,745 | |
| Remuneration, social security and pensions | 62 | €153,996 | €150,328 | -€3,668 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €239,092 | €232,771 | -€6,321 | -2.6% |
| Other operating charges | 640/8 | €72,701 | €74,434 | +€1,733 | +2.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €461,877 | €517,956 | +€56,078 | +12.1% |
| Operating profit (loss) | 9901 | -€3,911 | €60,423 | +€64,334 | |
| Financial income | 75/76B | €2 | €125 | +€123 | +6,028% |
| Recurring financial income | 75 | €2 | €125 | +€123 | +6,028% |
| Financial charges | 65/66B | €12,431 | €16,813 | +€4,382 | +35.3% |
| Recurring financial charges | 65 | €12,431 | €16,813 | +€4,382 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,340 | €43,735 | +€60,075 | |
| Transfer from deferred taxes | 780 | €1,659 | €1,659 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €0 | €5,651 | +€5,651 | |
| Profit (loss) for the period | 9904 | -€14,682 | €39,743 | +€54,425 | |
| Transfer from tax-exempt reserves | 789 | €4,976 | €4,976 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,705 | €44,719 | +€54,425 |
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 8 November 2026 via checked.be.