Ets. Hillewaere: 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.
Ets. Hillewaere
Largest movements
- Receivables within one year +€65,237
up €65,237 (+23.3%), from €279,720 to €344,956
- Cash -€64,216
down €64,216 (-99.7%), from €64,398 to €182
mainly Receivables within one year (-€65,237) and Net result for the year (-€3,295)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€33,719
up €33,719 (+94.4%), from -€35,722 to -€2,003
- Financial income -€14,272
down €14,272 (-86.2%), from €16,550 to €2,278
- Depreciation +€4,042
up €4,042 (+324%), from €1,249 to €5,291
- Taxes -€2,000
new in 2025: -€2,000
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 | €737,147 | €732,877 | -€4,270 | -0.6% |
| Fixed assets | 21/28 | €393,029 | €387,738 | -€5,291 | -1.3% |
| Tangible fixed assets | 22/27 | €393,029 | €387,738 | -€5,291 | -1.3% |
| Land and buildings | 22 | €393,029 | €387,738 | -€5,291 | -1.3% |
| Current assets | 29/58 | €344,118 | €345,139 | +€1,021 | +0.3% |
| Amounts receivable within one year | 40/41 | €279,720 | €344,956 | +€65,237 | +23.3% |
| Other amounts receivable | 41 | €279,720 | €344,956 | +€65,237 | +23.3% |
| Cash at bank and in hand | 54/58 | €64,398 | €182 | -€64,216 | -99.7% |
| Total equity and liabilities | 10/49 | €737,147 | €732,877 | -€4,270 | -0.6% |
| Equity | 10/15 | €735,147 | €731,852 | -€3,295 | -0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €15,758 | €15,758 | = | 0.0% |
| Reserves | 13 | €718,790 | €718,790 | = | 0.0% |
| Distributable reserves | 133 | €718,790 | €718,790 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,001 | -€21,296 | -€3,295 | -18.3% |
| Amounts payable | 17/49 | €2,000 | €1,025 | -€975 | -48.8% |
| Amounts payable within one year | 42/48 | €2,000 | €1,025 | -€975 | -48.8% |
| Trade debts | 44 | - | €1,025 | +€1,025 | |
| Suppliers | 440/4 | - | €1,025 | +€1,025 | |
| Taxes, remuneration and social security | 45 | €2,000 | €0 | -€2,000 | -100% |
| Taxes | 450/3 | €2,000 | €0 | -€2,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,249 | €5,291 | +€4,042 | +324% |
| Other operating charges | 640/8 | €16 | €66 | +€50 | +319% |
| Gross operating margin | 9900 | -€35,722 | -€2,003 | +€33,719 | +94.4% |
| Operating profit (loss) | 9901 | -€36,986 | -€7,360 | +€29,627 | +80.1% |
| Financial income | 75/76B | €16,550 | €2,278 | -€14,272 | -86.2% |
| Recurring financial income | 75 | €16,550 | €2,278 | -€14,272 | -86.2% |
| Financial charges | 65/66B | €409 | €213 | -€196 | -48.0% |
| Recurring financial charges | 65 | €409 | €213 | -€196 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | -€20,846 | -€5,295 | +€15,551 | +74.6% |
| Income taxes | 67/77 | - | -€2,000 | -€2,000 | |
| Profit (loss) for the period | 9904 | -€20,846 | -€3,295 | +€17,551 | +84.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,846 | -€3,295 | +€17,551 | +84.2% |
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 22 October 2026 via checked.be.