H-ils: what changed
Two fiscal 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.
H-ils
Largest movements
- Intangible fixed assets -€30,808
down €30,808 (-21.3%), from €144,754 to €113,946
- Stocks and contracts +€18,857
up €18,857 (+32.5%), from €58,019 to €76,876
- Cash +€10,496
up €10,496 (+69.8%), from €15,030 to €25,526
mainly Trade debts (+€50,413) and Depreciation (+€33,937)
- Receivables within one year +€9,296
up €9,296 (+30.6%), from €30,384 to €39,680
of which Other amounts receivable: +€13,045
- Trade debts +€50,413
up €50,413 (+62.8%), from €80,260 to €130,673
- Debts after one year -€36,510
down €36,510 (-61.0%), from €59,896 to €23,386
- Profit (loss) carried forward -€15,964
down €15,964 (-29.6%), from -€53,927 to -€69,891
- Tax, wage and social debts +€5,502
up €5,502 (+19.2%), from €28,653 to €34,155
- Current portion of long-term debt +€3,055
up €3,055 (+6.7%), from €45,426 to €48,481
- Gross operating margin -€27,929
down €27,929 (-54.9%), from €50,841 to €22,911
- Write-downs -€8,894
new in 2025: -€8,894
- Financial charges +€1,816
up €1,816 (+29.1%), from €6,236 to €8,051
- Financial income +€1,454
up €1,454 (+137.3%), from €1,059 to €2,513
- Depreciation -€609
down €609 (-1.8%), from €34,546 to €33,937
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.
Cash bridge derived
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 | €255,306 | €261,803 | +€6,496 | +2.5% |
| Fixed assets | 21/28 | €150,196 | €117,530 | -€32,666 | -21.7% |
| Intangible fixed assets | 21 | €144,754 | €113,946 | -€30,808 | -21.3% |
| Tangible fixed assets | 22/27 | €5,046 | €3,188 | -€1,858 | -36.8% |
| Furniture and vehicles | 24 | €102 | €1,113 | +€1,011 | +989.9% |
| Other tangible fixed assets | 26 | €4,944 | €2,075 | -€2,870 | -58.0% |
| Financial fixed assets | 28 | €395 | €395 | = | 0.0% |
| Current assets | 29/58 | €105,110 | €144,273 | +€39,163 | +37.3% |
| Stocks and contracts in progress | 3 | €58,019 | €76,876 | +€18,857 | +32.5% |
| Stocks | 30/36 | €58,019 | €76,876 | +€18,857 | +32.5% |
| Amounts receivable within one year | 40/41 | €30,384 | €39,680 | +€9,296 | +30.6% |
| Trade receivables | 40 | €8,025 | €4,276 | -€3,749 | -46.7% |
| Other amounts receivable | 41 | €22,359 | €35,404 | +€13,045 | +58.3% |
| Cash at bank and in hand | 54/58 | €15,030 | €25,526 | +€10,496 | +69.8% |
| Deferred charges and accrued income | 490/1 | €1,677 | €2,191 | +€513 | +30.6% |
| Total equity and liabilities | 10/49 | €255,306 | €261,803 | +€6,496 | +2.5% |
| Equity | 10/15 | -€13,927 | -€29,891 | -€15,964 | -114.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,927 | -€69,891 | -€15,964 | -29.6% |
| Amounts payable | 17/49 | €269,234 | €291,694 | +€22,460 | +8.3% |
| Amounts payable after more than one year | 17 | €59,896 | €23,386 | -€36,510 | -61.0% |
| Financial debts | 170/4 | €59,896 | €23,386 | -€36,510 | -61.0% |
| Amounts payable within one year | 42/48 | €209,338 | €268,308 | +€58,970 | +28.2% |
| Current portion of amounts payable after more than one year | 42 | €45,426 | €48,481 | +€3,055 | +6.7% |
| Trade debts | 44 | €80,260 | €130,673 | +€50,413 | +62.8% |
| Suppliers | 440/4 | €80,260 | €130,673 | +€50,413 | +62.8% |
| Taxes, remuneration and social security | 45 | €28,653 | €34,155 | +€5,502 | +19.2% |
| Taxes | 450/3 | €28,653 | €34,155 | +€5,502 | +19.2% |
| Other amounts payable | 47/48 | €55,000 | €55,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,546 | €33,937 | -€609 | -1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€8,894 | -€8,894 | |
| Other operating charges | 640/8 | €8,334 | €7,963 | -€371 | -4.5% |
| Gross operating margin | 9900 | €50,841 | €22,911 | -€27,929 | -54.9% |
| Operating profit (loss) | 9901 | €7,961 | -€10,096 | -€18,056 | |
| Financial income | 75/76B | €1,059 | €2,513 | +€1,454 | +137.3% |
| Recurring financial income | 75 | €1,059 | €2,513 | +€1,454 | +137.3% |
| Financial charges | 65/66B | €6,236 | €8,051 | +€1,816 | +29.1% |
| Recurring financial charges | 65 | €6,236 | €8,051 | +€1,816 | +29.1% |
| Profit (loss) for the period before taxes | 9903 | €2,784 | -€15,634 | -€18,418 | |
| Income taxes | 67/77 | €322 | €330 | +€8 | +2.5% |
| Profit (loss) for the period | 9904 | €2,462 | -€15,964 | -€18,426 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,462 | -€15,964 | -€18,426 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.