HILACCO: what changed
What changed
HILACCO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€9,589
2024 · €11,771-€2,182
Equity
€160,815
2024 · €151,226+€9,589
Cash
€1,431
2024 · €2,398-€968
Balance sheet total
€318,153
2024 · €328,888-€10,735
Largest movements
Assets
- Tangible fixed assets -€9,790
down €9,790 (-3.0%), from €325,838 to €316,047
Equity and liabilities
- Debts after one year -€37,845
down €37,845 (-30.0%), from €126,000 to €88,155
of which Financial debts: -€126,000
- Other debts +€27,735
up €27,735 (+477%), from €5,820 to €33,555
- Reserves +€9,589
up €9,589 (+7.3%), from €131,426 to €141,015
of which Distributable reserves: +€14,647
- Current portion of long-term debt -€7,675
down €7,675 (-100%), from €7,675 to €0
Income statement
- Gross operating margin -€3,264
down €3,264 (-11.6%), from €28,154 to €24,890
- Taxes -€640
down €640 (-10.4%), from €6,126 to €5,486
- Financial charges -€465
down €465 (-62.4%), from €745 to €280
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
€11,771
Gross operating margin
-€3,264
Depreciation
+€0
Other operating charges
-€23
Financial charges
+€465
Taxes
+€640
Result 2025
€9,589
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
+€44,553
Investment
€0
Financing
-€45,520
Cash 2024
€2,398
From operations (derived)
+€44,553
Net result for the year
+€9,589
Depreciation
+€9,790
Deferred charges and accrued income
-€23
Provisions
-€2,124
Trade debts
+€134
Tax, wage and social debts
-€548
Other debts
+€27,735
Financing
-€45,520
Debts after one year
-€37,845
Current portion of long-term debt
-€7,675
Cash 2025
€1,431
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €328,888 | €318,153 | -€10,735 | -3.3% |
| Fixed assets | 21/28 | €325,838 | €316,047 | -€9,790 | -3.0% |
| Tangible fixed assets | 22/27 | €325,838 | €316,047 | -€9,790 | -3.0% |
| Land and buildings | 22 | €325,838 | €316,047 | -€9,790 | -3.0% |
| Current assets | 29/58 | €3,050 | €2,106 | -€944 | -31.0% |
| Cash at bank and in hand | 54/58 | €2,398 | €1,431 | -€968 | -40.3% |
| Deferred charges and accrued income | 490/1 | €652 | €675 | +€23 | +3.5% |
| Total equity and liabilities | 10/49 | €328,888 | €318,153 | -€10,735 | -3.3% |
| Equity | 10/15 | €151,226 | €160,815 | +€9,589 | +6.3% |
| Contributions | 10/11 | €19,800 | €19,800 | = | 0.0% |
| Reserves | 13 | €131,426 | €141,015 | +€9,589 | +7.3% |
| Tax-exempt reserves | 132 | €90,840 | €85,782 | -€5,058 | -5.6% |
| Distributable reserves | 133 | €40,586 | €55,233 | +€14,647 | +36.1% |
| Provisions and deferred taxes | 16 | €30,281 | €28,157 | -€2,124 | -7.0% |
| Deferred taxes | 168 | €30,281 | €28,157 | -€2,124 | -7.0% |
| Amounts payable | 17/49 | €147,381 | €129,182 | -€18,199 | -12.3% |
| Amounts payable after more than one year | 17 | €126,000 | €88,155 | -€37,845 | -30.0% |
| Financial debts | 170/4 | €126,000 | €0 | -€126,000 | -100% |
| Other amounts payable | 178/9 | - | €88,155 | +€88,155 | |
| Amounts payable within one year | 42/48 | €21,381 | €41,026 | +€19,645 | +91.9% |
| Current portion of amounts payable after more than one year | 42 | €7,675 | €0 | -€7,675 | -100% |
| Trade debts | 44 | €1,718 | €1,851 | +€134 | +7.8% |
| Suppliers | 440/4 | €1,718 | €1,851 | +€134 | +7.8% |
| Taxes, remuneration and social security | 45 | €6,168 | €5,620 | -€548 | -8.9% |
| Taxes | 450/3 | €6,168 | €5,620 | -€548 | -8.9% |
| Other amounts payable | 47/48 | €5,820 | €33,555 | +€27,735 | +477% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,790 | €9,790 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,845 | €1,869 | +€23 | +1.3% |
| Gross operating margin | 9900 | €28,154 | €24,890 | -€3,264 | -11.6% |
| Operating profit (loss) | 9901 | €16,518 | €13,231 | -€3,287 | -19.9% |
| Financial charges | 65/66B | €745 | €280 | -€465 | -62.4% |
| Recurring financial charges | 65 | €745 | €280 | -€465 | -62.4% |
| Profit (loss) for the period before taxes | 9903 | €15,773 | €12,951 | -€2,822 | -17.9% |
| Transfer from deferred taxes | 780 | €2,124 | €2,124 | = | 0.0% |
| Income taxes | 67/77 | €6,126 | €5,486 | -€640 | -10.4% |
| Profit (loss) for the period | 9904 | €11,771 | €9,589 | -€2,182 | -18.5% |
| Transfer from tax-exempt reserves | 789 | €5,058 | €5,058 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,829 | €14,647 | -€2,182 | -13.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.