HILCO: 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.
HILCO
Largest movements
- Cash +€15,113
up €15,113 (+255.7%), from €5,910 to €21,023
- Receivables within one year +€8,224
up €8,224 (+14.6%), from €56,260 to €64,484
of which Other amounts receivable: +€49,191
- Profit (loss) carried forward +€29,369
up €29,369 (+217.8%), from €13,485 to €42,854
- Debts within one year -€6,885
down €6,885 (-40.4%), from €17,051 to €10,167
- Financial income +€7,720
new in 2021: €7,720
of which Non-recurring financial income: +€5,951
- Gross operating margin -€6,216
down €6,216 (-25.6%), from €24,242 to €18,026
- Staff costs +€3,365
new in 2021: €3,365
- Depreciation -€2,648
no longer reported in 2021 (was €2,648)
- Other operating charges +€2,038
new in 2021: €2,038
From the 2019 result to the 2021 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2019 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,170 | €85,507 | +€23,336 | +37.5% |
| Current assets | 29/58 | €62,170 | €85,507 | +€23,336 | +37.5% |
| Amounts receivable within one year | 40/41 | €56,260 | €64,484 | +€8,224 | +14.6% |
| Trade receivables | 40 | - | €15,293 | +€15,293 | |
| Other amounts receivable | 41 | - | €49,191 | +€49,191 | |
| Cash at bank and in hand | 54/58 | €5,910 | €21,023 | +€15,113 | +255.7% |
| Total equity and liabilities | 10/49 | €62,170 | €85,507 | +€23,336 | +37.5% |
| Equity | 10/15 | €45,119 | €74,489 | +€29,369 | +65.1% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Capital | 10 | - | €8,676 | +€8,676 | |
| Issued capital | 100 | - | €8,676 | +€8,676 | |
| Reserves | 13 | €22,958 | €22,958 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €4,958 | +€4,958 | |
| Legal reserve | 130 | - | €868 | +€868 | |
| Other | 1319 | - | €4,090 | +€4,090 | |
| Distributable reserves | 133 | - | €18,000 | +€18,000 | |
| Profit (loss) carried forward | 14 | €13,485 | €42,854 | +€29,369 | +217.8% |
| Amounts payable | 17/49 | €17,051 | €11,018 | -€6,033 | -35.4% |
| Amounts payable within one year | 42/48 | €17,051 | €10,167 | -€6,885 | -40.4% |
| Financial debts | 43 | - | €1,670 | +€1,670 | |
| Credit institutions | 430/8 | - | €1,670 | +€1,670 | |
| Trade debts | 44 | €5,394 | €5,468 | +€74 | +1.4% |
| Suppliers | 440/4 | - | €5,468 | +€5,468 | |
| Taxes, remuneration and social security | 45 | - | €3,029 | +€3,029 | |
| Taxes | 450/3 | - | €2,799 | +€2,799 | |
| Remuneration and social security | 454/9 | - | €230 | +€230 | |
| Accrued charges and deferred income | 492/3 | - | €852 | +€852 | |
| Remuneration, social security and pensions | 62 | - | €3,365 | +€3,365 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,648 | - | -€2,648 | |
| Other operating charges | 640/8 | - | €2,038 | +€2,038 | |
| Gross operating margin | 9900 | €24,242 | €18,026 | -€6,216 | -25.6% |
| Operating profit (loss) | 9901 | -€5,150 | €12,623 | +€17,773 | |
| Financial income | 75/76B | - | €7,720 | +€7,720 | |
| Recurring financial income | 75 | €1,614 | €1,768 | +€155 | +9.6% |
| Non-recurring financial income | 76B | - | €5,951 | +€5,951 | |
| Financial charges | 65/66B | - | €689 | +€689 | |
| Recurring financial charges | 65 | €727 | €689 | -€38 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €18,652 | €19,654 | +€1,002 | +5.4% |
| Income taxes | 67/77 | €3,872 | €3,927 | +€56 | +1.4% |
| Profit (loss) for the period | 9904 | €14,780 | €15,727 | +€946 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,780 | €15,727 | +€946 | +6.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.