Van Hulst Wim: 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 Wim
Largest movements
- Deferred charges and accrued income +€80,814
up €80,814, from €0 to €80,814
- Receivables within one year -€77,413
down €77,413 (-80.8%), from €95,848 to €18,435
of which Trade receivables: -€76,230
- Reserves +€112,500
up €112,500 (+19.4%), from €580,528 to €693,028
- Debts after one year -€72,589
down €72,589 (-22.6%), from €320,593 to €248,003
- Other debts -€40,292
down €40,292 (-56.5%), from €71,332 to €31,040
- Current portion of long-term debt +€20,531
up €20,531 (+25.0%), from €82,220 to €102,751
- Tax, wage and social debts -€11,360
down €11,360 (-33.8%), from €33,586 to €22,225
- Taxes +€25,860
up €25,860 (+115%), from €22,575 to €48,435
- Gross operating margin +€17,695
up €17,695 (+11.3%), from €156,419 to €174,115
- Depreciation -€3,650
down €3,650 (-38.8%), from €9,405 to €5,755
- Financial charges -€2,440
down €2,440 (-25.6%), from €9,516 to €7,076
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 | €1,108,761 | €1,118,251 | +€9,490 | +0.9% |
| Fixed assets | 21/28 | €994,995 | €994,811 | -€184 | 0.0% |
| Tangible fixed assets | 22/27 | €5,637 | €5,454 | -€184 | -3.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €5,637 | €5,454 | -€184 | -3.3% |
| Financial fixed assets | 28 | €989,358 | €989,358 | = | 0.0% |
| Current assets | 29/58 | €113,766 | €123,440 | +€9,673 | +8.5% |
| Amounts receivable within one year | 40/41 | €95,848 | €18,435 | -€77,413 | -80.8% |
| Trade receivables | 40 | €76,230 | €0 | -€76,230 | -100% |
| Other amounts receivable | 41 | €19,618 | €18,435 | -€1,183 | -6.0% |
| Cash at bank and in hand | 54/58 | €17,918 | €24,191 | +€6,273 | +35.0% |
| Deferred charges and accrued income | 490/1 | €0 | €80,814 | +€80,814 | |
| Total equity and liabilities | 10/49 | €1,108,761 | €1,118,251 | +€9,490 | +0.9% |
| Equity | 10/15 | €599,128 | €711,628 | +€112,500 | +18.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €580,528 | €693,028 | +€112,500 | +19.4% |
| Distributable reserves | 133 | €580,528 | €693,028 | +€112,500 | +19.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €509,633 | €406,623 | -€103,011 | -20.2% |
| Amounts payable after more than one year | 17 | €320,593 | €248,003 | -€72,589 | -22.6% |
| Financial debts | 170/4 | €320,593 | €248,003 | -€72,589 | -22.6% |
| Amounts payable within one year | 42/48 | €187,206 | €156,588 | -€30,618 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €82,220 | €102,751 | +€20,531 | +25.0% |
| Trade debts | 44 | €68 | €572 | +€504 | +741% |
| Suppliers | 440/4 | €68 | €572 | +€504 | +741% |
| Taxes, remuneration and social security | 45 | €33,586 | €22,225 | -€11,360 | -33.8% |
| Taxes | 450/3 | €33,586 | €22,225 | -€11,360 | -33.8% |
| Other amounts payable | 47/48 | €71,332 | €31,040 | -€40,292 | -56.5% |
| Accrued charges and deferred income | 492/3 | €1,834 | €2,031 | +€197 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,405 | €5,755 | -€3,650 | -38.8% |
| Other operating charges | 640/8 | €266 | €349 | +€83 | +31.2% |
| Gross operating margin | 9900 | €156,419 | €174,115 | +€17,695 | +11.3% |
| Operating profit (loss) | 9901 | €146,748 | €168,011 | +€21,262 | +14.5% |
| Financial income | 75/76B | €217 | €0 | -€217 | -100% |
| Recurring financial income | 75 | €217 | €0 | -€217 | -100% |
| Financial charges | 65/66B | €9,516 | €7,076 | -€2,440 | -25.6% |
| Recurring financial charges | 65 | €9,516 | €7,076 | -€2,440 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €137,449 | €160,935 | +€23,486 | +17.1% |
| Income taxes | 67/77 | €22,575 | €48,435 | +€25,860 | +115% |
| Profit (loss) for the period | 9904 | €114,874 | €112,500 | -€2,374 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €114,874 | €112,500 | -€2,374 | -2.1% |
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 27 October 2026 via checked.be.