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
- Cash +€22,769
up €22,769 (+49.5%), from €46,016 to €68,786
mainly Net result for the year (+€12,685) and Depreciation (+€7,202)
- Tangible fixed assets -€6,293
down €6,293 (-48.0%), from €13,097 to €6,805
of which Furniture and vehicles: -€7,018
- Stocks and contracts -€5,299
no longer reported in 2024 (was €5,299)
- Receivables within one year -€3,312
down €3,312 (-30.9%), from €10,729 to €7,417
of which Trade receivables: -€2,847
- Deferred charges and accrued income +€1,375
new in 2024: €1,375
- Profit (loss) carried forward +€12,685
up €12,685 (+49.6%), from €25,582 to €38,267
- Debts after one year -€6,629
no longer reported in 2024 (was €6,629)
- Trade debts +€2,788
up €2,788 (+77.4%), from €3,602 to €6,391
- Tax, wage and social debts +€993
up €993 (+14.5%), from €6,836 to €7,830
of which Taxes: +€2,870
- Gross operating margin +€30,804
up €30,804 (+80.0%), from €38,518 to €69,322
- Staff costs +€17,887
up €17,887 (+68.2%), from €26,244 to €44,131
- Taxes -€2,163
down €2,163 (-35.2%), from €6,147 to €3,984
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,142 | €84,382 | +€9,241 | +12.3% |
| Fixed assets | 21/28 | €13,097 | €6,805 | -€6,293 | -48.0% |
| Tangible fixed assets | 22/27 | €13,097 | €6,805 | -€6,293 | -48.0% |
| Plant, machinery and equipment | 23 | €154 | €879 | +€726 | +472.7% |
| Furniture and vehicles | 24 | €12,944 | €5,925 | -€7,018 | -54.2% |
| Current assets | 29/58 | €62,044 | €77,578 | +€15,534 | +25.0% |
| Stocks and contracts in progress | 3 | €5,299 | - | -€5,299 | |
| Stocks | 30/36 | €5,299 | - | -€5,299 | |
| Amounts receivable within one year | 40/41 | €10,729 | €7,417 | -€3,312 | -30.9% |
| Trade receivables | 40 | €3,153 | €306 | -€2,847 | -90.3% |
| Other amounts receivable | 41 | €7,576 | €7,111 | -€465 | -6.1% |
| Cash at bank and in hand | 54/58 | €46,016 | €68,786 | +€22,769 | +49.5% |
| Deferred charges and accrued income | 490/1 | - | €1,375 | +€1,375 | |
| Total equity and liabilities | 10/49 | €75,142 | €84,382 | +€9,241 | +12.3% |
| Equity | 10/15 | €50,265 | €62,950 | +€12,685 | +25.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,084 | €6,084 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,224 | €4,224 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,582 | €38,267 | +€12,685 | +49.6% |
| Amounts payable | 17/49 | €24,876 | €21,432 | -€3,444 | -13.8% |
| Amounts payable after more than one year | 17 | €6,629 | - | -€6,629 | |
| Financial debts | 170/4 | €6,629 | - | -€6,629 | |
| Amounts payable within one year | 42/48 | €18,247 | €21,432 | +€3,185 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €7,130 | €6,629 | -€501 | -7.0% |
| Trade debts | 44 | €3,602 | €6,391 | +€2,788 | +77.4% |
| Suppliers | 440/4 | €3,602 | €6,391 | +€2,788 | +77.4% |
| Taxes, remuneration and social security | 45 | €6,836 | €7,830 | +€993 | +14.5% |
| Taxes | 450/3 | €1,335 | €4,205 | +€2,870 | +215.0% |
| Remuneration and social security | 454/9 | €5,501 | €3,625 | -€1,877 | -34.1% |
| Other amounts payable | 47/48 | €678 | €583 | -€96 | -14.1% |
| Remuneration, social security and pensions | 62 | €26,244 | €44,131 | +€17,887 | +68.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,454 | €7,202 | -€252 | -3.4% |
| Other operating charges | 640/8 | €760 | €639 | -€122 | -16.0% |
| Gross operating margin | 9900 | €38,518 | €69,322 | +€30,804 | +80.0% |
| Operating profit (loss) | 9901 | €4,060 | €17,351 | +€13,291 | +327.4% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €511 | €682 | +€171 | +33.5% |
| Recurring financial charges | 65 | €511 | €532 | +€21 | +4.1% |
| Non-recurring financial charges | 66B | - | €150 | +€150 | |
| Profit (loss) for the period before taxes | 9903 | €3,554 | €16,669 | +€13,115 | +369.0% |
| Income taxes | 67/77 | €6,147 | €3,984 | -€2,163 | -35.2% |
| Profit (loss) for the period | 9904 | -€2,593 | €12,685 | +€15,278 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,593 | €12,685 | +€15,278 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.