HILAMI: what changed
Two financial 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.
HILAMI
Largest movements
- Receivables within one year -€11,447
down €11,447 (-11.4%), from €100,442 to €88,995
of which Trade receivables: -€6,050
- Tangible fixed assets -€9,963
down €9,963 (-69.0%), from €14,448 to €4,484
of which Furniture and vehicles: -€9,305
- Deferred charges and accrued income -€1,694
no longer reported in 2025 (was €1,694)
- Profit (loss) carried forward -€67,702
down €67,702 (-18.9%), from -€357,672 to -€425,374
- Current portion of long-term debt +€34,621
up €34,621 (+59.2%), from €58,461 to €93,082
- Tax, wage and social debts +€13,072
up €13,072 (+266%), from €4,914 to €17,986
- Debts after one year -€12,209
down €12,209 (-3.4%), from €359,997 to €347,789
of which Financial debts: -€32,511
- Other debts +€5,000
new in 2025: €5,000
- Purchases and services +€34,829
new in 2025: €34,829
- Taxes +€15,006
new in 2025: €15,006
- Gross operating margin -€12,263
down €12,263 (-54.3%), from -€22,566 to -€34,829
- Depreciation -€4,788
down €4,788 (-32.5%), from €14,751 to €9,963
- Other operating charges +€3,090
up €3,090 (+857%), from €360 to €3,451
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.
Derived cash bridge
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 | €127,331 | €103,309 | -€24,021 | -18.9% |
| Fixed assets | 21/28 | €22,583 | €12,620 | -€9,963 | -44.1% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €14,448 | €4,484 | -€9,963 | -69.0% |
| Plant, machinery and equipment | 23 | €3,862 | €3,369 | -€493 | -12.8% |
| Furniture and vehicles | 24 | €9,305 | €0 | -€9,305 | -100% |
| Leasing and similar rights | 25 | €1,281 | €1,115 | -€165 | -12.9% |
| Financial fixed assets | 28 | €8,135 | €8,135 | = | 0.0% |
| Current assets | 29/58 | €104,748 | €90,689 | -€14,058 | -13.4% |
| Amounts receivable within one year | 40/41 | €100,442 | €88,995 | -€11,447 | -11.4% |
| Trade receivables | 40 | €6,050 | €0 | -€6,050 | -100% |
| Other amounts receivable | 41 | €94,392 | €88,995 | -€5,397 | -5.7% |
| Cash at bank and in hand | 54/58 | €2,612 | €1,694 | -€917 | -35.1% |
| Deferred charges and accrued income | 490/1 | €1,694 | - | -€1,694 | |
| Total equity and liabilities | 10/49 | €127,331 | €103,309 | -€24,021 | -18.9% |
| Equity | 10/15 | -€341,333 | -€409,034 | -€67,702 | -19.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,939 | €3,939 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,939 | €1,860 | -€2,079 | -52.8% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Financial assistance | 1313 | €2,079 | - | -€2,079 | |
| Distributable reserves | 133 | - | €2,079 | +€2,079 | |
| Profit (loss) carried forward | 14 | -€357,672 | -€425,374 | -€67,702 | -18.9% |
| Amounts payable | 17/49 | €468,663 | €512,343 | +€43,680 | +9.3% |
| Amounts payable after more than one year | 17 | €359,997 | €347,789 | -€12,209 | -3.4% |
| Financial debts | 170/4 | €57,609 | €25,098 | -€32,511 | -56.4% |
| Other amounts payable | 178/9 | €302,388 | €322,691 | +€20,302 | +6.7% |
| Amounts payable within one year | 42/48 | €108,666 | €164,555 | +€55,889 | +51.4% |
| Current portion of amounts payable after more than one year | 42 | €58,461 | €93,082 | +€34,621 | +59.2% |
| Trade debts | 44 | €45,290 | €48,487 | +€3,197 | +7.1% |
| Suppliers | 440/4 | €45,290 | €48,487 | +€3,197 | +7.1% |
| Taxes, remuneration and social security | 45 | €4,914 | €17,986 | +€13,072 | +266% |
| Taxes | 450/3 | €4,914 | €17,986 | +€13,072 | +266% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Turnover | 70 | - | €0 | = | |
| Non-recurring operating income | 76A | €3,844 | - | -€3,844 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €34,829 | +€34,829 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,751 | €9,963 | -€4,788 | -32.5% |
| Other operating charges | 640/8 | €360 | €3,451 | +€3,090 | +857% |
| Non-recurring operating charges | 66A | - | €2,643 | +€2,643 | |
| Gross operating margin | 9900 | -€22,566 | -€34,829 | -€12,263 | -54.3% |
| Operating profit (loss) | 9901 | -€37,678 | -€50,886 | -€13,208 | -35.1% |
| Financial income | 75/76B | €0 | €836 | +€835 | +309,381% |
| Recurring financial income | 75 | €0 | €36 | +€36 | +13,352% |
| Non-recurring financial income | 76B | - | €799 | +€799 | |
| Financial charges | 65/66B | €3,844 | €2,645 | -€1,199 | -31.2% |
| Recurring financial charges | 65 | €3,844 | €2,645 | -€1,199 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | -€41,522 | -€52,696 | -€11,174 | -26.9% |
| Income taxes | 67/77 | - | €15,006 | +€15,006 | |
| Profit (loss) for the period | 9904 | -€41,522 | -€67,702 | -€26,180 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,522 | -€67,702 | -€26,180 | -63.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.