Van Hulst Consulting: 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.
Van Hulst Consulting
Largest movements
- Receivables within one year +€70,513
up €70,513 (+2,026%), from €3,481 to €73,994
of which Trade receivables: +€73,372
- Cash +€14,984
up €14,984 (+298%), from €5,036 to €20,020
mainly Net result for the year (+€116,692) and Other debts (+€49,915)
- Tangible fixed assets +€4,184
up €4,184 (+38.9%), from €10,765 to €14,949
of which Other tangible fixed assets: +€2,207
- Other debts +€49,915
up €49,915 (+19,445%), from €257 to €50,171
- Tax, wage and social debts +€28,954
up €28,954, from €0 to €28,954
- Current portion of long-term debt +€25,046
new in 2025: €25,046
- Profit (loss) carried forward -€14,925
down €14,925 (-100%), from €14,925 to €0
- Trade debts +€1,277
up €1,277 (+180%), from €710 to €1,987
- Gross operating margin +€155,713
up €155,713 (+2,219%), from €7,017 to €162,730
- Taxes +€41,140
up €41,140 (+3,185%), from €1,292 to €42,431
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 | €19,282 | €109,157 | +€89,876 | +466% |
| Fixed assets | 21/28 | €10,765 | €14,949 | +€4,184 | +38.9% |
| Tangible fixed assets | 22/27 | €10,765 | €14,949 | +€4,184 | +38.9% |
| Furniture and vehicles | 24 | €4,910 | €6,888 | +€1,977 | +40.3% |
| Other tangible fixed assets | 26 | €5,854 | €8,061 | +€2,207 | +37.7% |
| Current assets | 29/58 | €8,517 | €94,208 | +€85,692 | +1,006% |
| Amounts receivable within one year | 40/41 | €3,481 | €73,994 | +€70,513 | +2,026% |
| Trade receivables | 40 | €605 | €73,977 | +€73,372 | +12,128% |
| Other amounts receivable | 41 | €2,876 | €17 | -€2,859 | -99.4% |
| Cash at bank and in hand | 54/58 | €5,036 | €20,020 | +€14,984 | +298% |
| Deferred charges and accrued income | 490/1 | - | €194 | +€194 | |
| Total equity and liabilities | 10/49 | €19,282 | €109,157 | +€89,876 | +466% |
| Equity | 10/15 | €17,925 | €3,000 | -€14,925 | -83.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,925 | €0 | -€14,925 | -100% |
| Amounts payable | 17/49 | €1,356 | €106,157 | +€104,801 | +7,726% |
| Amounts payable within one year | 42/48 | €966 | €106,157 | +€105,191 | +10,885% |
| Current portion of amounts payable after more than one year | 42 | - | €25,046 | +€25,046 | |
| Trade debts | 44 | €710 | €1,987 | +€1,277 | +180% |
| Suppliers | 440/4 | €710 | €1,987 | +€1,277 | +180% |
| Taxes, remuneration and social security | 45 | €0 | €28,954 | +€28,954 | |
| Taxes | 450/3 | €0 | €28,954 | +€28,954 | |
| Other amounts payable | 47/48 | €257 | €50,171 | +€49,915 | +19,445% |
| Accrued charges and deferred income | 492/3 | €390 | €0 | -€390 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,043 | €2,078 | +€35 | +1.7% |
| Other operating charges | 640/8 | €514 | €520 | +€6 | +1.1% |
| Non-recurring operating charges | 66A | €252 | €619 | +€367 | +146% |
| Gross operating margin | 9900 | €7,017 | €162,730 | +€155,713 | +2,219% |
| Operating profit (loss) | 9901 | €4,208 | €159,513 | +€155,305 | +3,691% |
| Financial income | 75/76B | €26 | €141 | +€115 | +442% |
| Recurring financial income | 75 | €26 | €141 | +€115 | +442% |
| Financial charges | 65/66B | €153 | €531 | +€378 | +246% |
| Recurring financial charges | 65 | €153 | €531 | +€378 | +246% |
| Profit (loss) for the period before taxes | 9903 | €4,081 | €159,123 | +€155,042 | +3,799% |
| Income taxes | 67/77 | €1,292 | €42,431 | +€41,140 | +3,185% |
| Profit (loss) for the period | 9904 | €2,789 | €116,692 | +€113,903 | +4,083% |
| Profit (loss) for the period to be appropriated | 9905 | €2,789 | €116,692 | +€113,903 | +4,083% |
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 1 November 2026 via checked.be.