HILCOMAT: 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.
HILCOMAT
Largest movements
- Receivables within one year +€109,010
up €109,010 (+101.2%), from €107,734 to €216,744
of which Trade receivables: +€121,054
- Cash -€26,906
no longer reported in 2024 (was €26,906)
mainly Receivables within one year (-€109,010) and Other debts (-€20,000)
- Stocks and contracts -€3,156
down €3,156 (-6.3%), from €50,249 to €47,093
- Trade debts +€85,679
up €85,679 (+165.4%), from €51,809 to €137,488
- Other debts -€20,000
no longer reported in 2024 (was €20,000)
- Tax, wage and social debts +€19,923
up €19,923 (+72.7%), from €27,399 to €47,322
of which Taxes: +€17,673
- Profit (loss) carried forward -€15,384
down €15,384 (-41.9%), from €36,682 to €21,299
- Short-term financial debts +€7,615
new in 2024: €7,615
- Gross operating margin -€27,044
down €27,044, from €12,922 to -€14,122
- Depreciation -€6,875
down €6,875 (-100.0%), from €6,875 to €0
- Financial income -€596
down €596 (-83.3%), from €716 to €120
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 | €186,003 | €263,837 | +€77,833 | +41.8% |
| Fixed assets | 21/28 | €0 | - | -€0 | |
| Tangible fixed assets | 22/27 | €0 | - | -€0 | |
| Furniture and vehicles | 24 | €0 | - | -€0 | |
| Current assets | 29/58 | €186,003 | €263,837 | +€77,833 | +41.8% |
| Stocks and contracts in progress | 3 | €50,249 | €47,093 | -€3,156 | -6.3% |
| Stocks | 30/36 | €50,249 | €47,093 | -€3,156 | -6.3% |
| Amounts receivable within one year | 40/41 | €107,734 | €216,744 | +€109,010 | +101.2% |
| Trade receivables | 40 | €91,082 | €212,137 | +€121,054 | +132.9% |
| Other amounts receivable | 41 | €16,652 | €4,607 | -€12,045 | -72.3% |
| Cash at bank and in hand | 54/58 | €26,906 | - | -€26,906 | |
| Deferred charges and accrued income | 490/1 | €1,114 | - | -€1,114 | |
| Total equity and liabilities | 10/49 | €186,003 | €263,837 | +€77,833 | +41.8% |
| Equity | 10/15 | €85,802 | €70,419 | -€15,384 | -17.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,520 | €30,520 | = | 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 | €28,660 | €28,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,682 | €21,299 | -€15,384 | -41.9% |
| Amounts payable | 17/49 | €100,201 | €193,418 | +€93,217 | +93.0% |
| Amounts payable within one year | 42/48 | €100,201 | €193,418 | +€93,217 | +93.0% |
| Current portion of amounts payable after more than one year | 42 | €994 | €994 | = | 0.0% |
| Financial debts | 43 | - | €7,615 | +€7,615 | |
| Credit institutions | 430/8 | - | €7,615 | +€7,615 | |
| Trade debts | 44 | €51,809 | €137,488 | +€85,679 | +165.4% |
| Suppliers | 440/4 | €51,809 | €137,488 | +€85,679 | +165.4% |
| Taxes, remuneration and social security | 45 | €27,399 | €47,322 | +€19,923 | +72.7% |
| Taxes | 450/3 | €11,649 | €29,322 | +€17,673 | +151.7% |
| Remuneration and social security | 454/9 | €15,750 | €18,000 | +€2,250 | +14.3% |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,875 | €0 | -€6,875 | -100.0% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €12,922 | -€14,122 | -€27,044 | |
| Operating profit (loss) | 9901 | €5,662 | -€14,509 | -€20,171 | |
| Financial income | 75/76B | €716 | €120 | -€596 | -83.3% |
| Recurring financial income | 75 | €716 | €120 | -€596 | -83.3% |
| Financial charges | 65/66B | €630 | €745 | +€115 | +18.3% |
| Recurring financial charges | 65 | €630 | €745 | +€115 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | €5,748 | -€15,135 | -€20,883 | |
| Income taxes | 67/77 | €295 | €249 | -€46 | -15.6% |
| Profit (loss) for the period | 9904 | €5,453 | -€15,384 | -€20,837 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,453 | -€15,384 | -€20,837 |
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 1 October 2026 via checked.be.