HILAL: 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.
HILAL
Largest movements
- Receivables within one year -€163
down €163 (-4.2%), from €3,855 to €3,692
- Deferred charges and accrued income -€51
down €51 (-19.4%), from €261 to €210
- Trade debts -€424
no longer reported in 2025 (was €424)
- Profit (loss) carried forward +€210
up €210 (+3.3%), from -€6,384 to -€6,174
- Gross operating margin +€437
up €437, from -€226 to €210
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,115 | €3,902 | -€213 | -5.2% |
| Current assets | 29/58 | €4,115 | €3,902 | -€213 | -5.2% |
| Amounts receivable within one year | 40/41 | €3,855 | €3,692 | -€163 | -4.2% |
| Other amounts receivable | 41 | €3,855 | €3,692 | -€163 | -4.2% |
| Deferred charges and accrued income | 490/1 | €261 | €210 | -€51 | -19.4% |
| Total equity and liabilities | 10/49 | €4,115 | €3,902 | -€213 | -5.2% |
| Equity | 10/15 | €3,692 | €3,902 | +€210 | +5.7% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €3,879 | €3,879 | = | 0.0% |
| Distributable reserves | 133 | €3,879 | €3,879 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,384 | -€6,174 | +€210 | +3.3% |
| Amounts payable | 17/49 | €424 | - | -€424 | |
| Amounts payable within one year | 42/48 | €424 | - | -€424 | |
| Trade debts | 44 | €424 | - | -€424 | |
| Suppliers | 440/4 | €424 | - | -€424 | |
| Gross operating margin | 9900 | -€226 | €210 | +€437 | |
| Operating profit (loss) | 9901 | -€226 | €210 | +€437 | |
| Profit (loss) for the period before taxes | 9903 | -€226 | €210 | +€437 | |
| Profit (loss) for the period | 9904 | -€226 | €210 | +€437 | |
| Profit (loss) for the period to be appropriated | 9905 | -€226 | €210 | +€437 |
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 7 October 2026 via checked.be.