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 +€783
up €783 (+169.9%), from €461 to €1,245
mainly Debts after one year (+€9,572) and Trade debts (+€1,406)
- Stocks and contracts -€325
down €325 (-26.5%), from €1,226 to €901
- Receivables within one year -€131
no longer reported in 2025 (was €131)
- Profit (loss) carried forward -€10,784
down €10,784 (-12.3%), from -€88,018 to -€98,801
- Debts after one year +€9,572
up €9,572 (+15.2%), from €63,139 to €72,710
- Trade debts +€1,406
up €1,406 (+39.4%), from €3,572 to €4,979
- Tax, wage and social debts +€126
up €126 (+2.8%), from €4,533 to €4,659
of which Taxes: +€1,328
- Staff costs -€7,114
down €7,114 (-26.6%), from €26,739 to €19,625
- Gross operating margin +€3,974
up €3,974 (+45.6%), from €8,708 to €12,682
- Financial charges +€2,606
up €2,606 (+824.3%), from €316 to €2,922
- Other operating charges -€177
down €177 (-16.2%), from €1,096 to €918
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 | €1,818 | €2,146 | +€328 | +18.0% |
| Current assets | 29/58 | €1,818 | €2,146 | +€328 | +18.0% |
| Stocks and contracts in progress | 3 | €1,226 | €901 | -€325 | -26.5% |
| Stocks | 30/36 | €1,226 | €901 | -€325 | -26.5% |
| Amounts receivable within one year | 40/41 | €131 | - | -€131 | |
| Other amounts receivable | 41 | €131 | - | -€131 | |
| Cash at bank and in hand | 54/58 | €461 | €1,245 | +€783 | +169.9% |
| Total equity and liabilities | 10/49 | €1,818 | €2,146 | +€328 | +18.0% |
| Equity | 10/15 | -€69,426 | -€80,209 | -€10,784 | -15.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,018 | -€98,801 | -€10,784 | -12.3% |
| Amounts payable | 17/49 | €71,244 | €82,355 | +€11,111 | +15.6% |
| Amounts payable after more than one year | 17 | €63,139 | €72,710 | +€9,572 | +15.2% |
| Other amounts payable | 178/9 | €63,139 | €72,710 | +€9,572 | +15.2% |
| Amounts payable within one year | 42/48 | €8,105 | €9,645 | +€1,539 | +19.0% |
| Financial debts | 43 | - | €7 | +€7 | |
| Credit institutions | 430/8 | - | €7 | +€7 | |
| Trade debts | 44 | €3,572 | €4,979 | +€1,406 | +39.4% |
| Suppliers | 440/4 | €3,572 | €4,979 | +€1,406 | +39.4% |
| Taxes, remuneration and social security | 45 | €4,533 | €4,659 | +€126 | +2.8% |
| Taxes | 450/3 | €1,390 | €2,718 | +€1,328 | +95.5% |
| Remuneration and social security | 454/9 | €3,143 | €1,941 | -€1,202 | -38.2% |
| Remuneration, social security and pensions | 62 | €26,739 | €19,625 | -€7,114 | -26.6% |
| Other operating charges | 640/8 | €1,096 | €918 | -€177 | -16.2% |
| Gross operating margin | 9900 | €8,708 | €12,682 | +€3,974 | +45.6% |
| Operating profit (loss) | 9901 | -€19,127 | -€7,862 | +€11,265 | +58.9% |
| Financial charges | 65/66B | €316 | €2,922 | +€2,606 | +824.3% |
| Recurring financial charges | 65 | €316 | €2,922 | +€2,606 | +824.3% |
| Profit (loss) for the period before taxes | 9903 | -€19,443 | -€10,784 | +€8,660 | +44.5% |
| Profit (loss) for the period | 9904 | -€19,443 | -€10,784 | +€8,660 | +44.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,443 | -€10,784 | +€8,660 | +44.5% |
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 5 October 2026 via checked.be.