HILDAN: 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.
HILDAN
Largest movements
- Financial fixed assets -€3.4m
down €3.4m (-16.3%), from €21.2m to €17.7m
- Receivables within one year +€2.1m
up €2.1m (+77.3%), from €2.8m to €4.9m
of which Other amounts receivable: +€2.1m
- Current investments -€301,546
down €301,546 (-41.9%), from €719,365 to €417,819
- Reserves -€3.0m
down €3.0m (-76.2%), from €3.9m to €933,556
of which Distributable reserves: -€3.0m
- Other debts +€2.3m
up €2.3m (+25.4%), from €8.9m to €11.2m
- Contributions -€1.6m
down €1.6m (-19.8%), from €8.3m to €6.6m
- Profit (loss) carried forward +€545,842
up €545,842 (+74.7%), from -€730,523 to -€184,682
- Financial charges -€187,167
down €187,167 (-34.4%), from €543,502 to €356,335
- Services and other goods -€8,315
down €8,315 (-13.9%), from €59,773 to €51,457
- Financial income -€1,381
down €1,381 (-0.6%), from €250,049 to €248,669
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 | €24,924,168 | €23,229,020 | -€1.7m | -6.8% |
| Fixed assets | 21/28 | €21,178,562 | €17,731,504 | -€3.4m | -16.3% |
| Financial fixed assets | 28 | €21,178,562 | €17,731,504 | -€3.4m | -16.3% |
| Affiliated companies | 280/1 | €21,178,562 | €17,731,504 | -€3.4m | -16.3% |
| Participating interests | 280 | €17,893,958 | €14,101,900 | -€3.8m | -21.2% |
| Amounts receivable | 281 | €3,284,605 | €3,629,605 | +€345,000 | +10.5% |
| Current assets | 29/58 | €3,745,606 | €5,497,515 | +€1.8m | +46.8% |
| Amounts receivable within one year | 40/41 | €2,763,820 | €4,900,747 | +€2.1m | +77.3% |
| Trade receivables | 40 | - | €6,050 | +€6,050 | |
| Other amounts receivable | 41 | €2,763,820 | €4,894,697 | +€2.1m | +77.1% |
| Current investments | 50/53 | €719,365 | €417,819 | -€301,546 | -41.9% |
| Other investments | 51/53 | €719,365 | €417,819 | -€301,546 | -41.9% |
| Cash at bank and in hand | 54/58 | €65,031 | €13,436 | -€51,595 | -79.3% |
| Deferred charges and accrued income | 490/1 | €197,390 | €165,514 | -€31,877 | -16.1% |
| Total equity and liabilities | 10/49 | €24,924,168 | €23,229,020 | -€1.7m | -6.8% |
| Equity | 10/15 | €11,482,169 | €7,394,231 | -€4.1m | -35.6% |
| Contributions | 10/11 | €8,285,000 | €6,645,356 | -€1.6m | -19.8% |
| Reserves | 13 | €3,927,692 | €933,556 | -€3.0m | -76.2% |
| Tax-exempt reserves | 132 | €504 | - | -€504 | |
| Distributable reserves | 133 | €3,927,188 | €933,556 | -€3.0m | -76.2% |
| Profit (loss) carried forward | 14 | -€730,523 | -€184,682 | +€545,842 | +74.7% |
| Amounts payable | 17/49 | €13,441,999 | €15,834,789 | +€2.4m | +17.8% |
| Amounts payable after more than one year | 17 | €4,522,911 | €4,644,909 | +€121,998 | +2.7% |
| Other amounts payable | 178/9 | €4,522,911 | €4,644,909 | +€121,998 | +2.7% |
| Amounts payable within one year | 42/48 | €8,919,088 | €11,189,880 | +€2.3m | +25.5% |
| Trade debts | 44 | €1,572 | €6,060 | +€4,487 | +285.4% |
| Suppliers | 440/4 | €1,572 | €6,060 | +€4,487 | +285.4% |
| Taxes, remuneration and social security | 45 | €2,526 | €331 | -€2,194 | -86.9% |
| Taxes | 450/3 | €2,526 | €331 | -€2,194 | -86.9% |
| Other amounts payable | 47/48 | €8,914,990 | €11,183,489 | +€2.3m | +25.4% |
| Operating income | 70/76A | €60,000 | €117,240 | +€57,240 | +95.4% |
| Turnover | 70 | €60,000 | €60,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €57,240 | +€57,240 | |
| Operating charges | 60/66A | €60,927 | €52,643 | -€8,284 | -13.6% |
| Services and other goods | 61 | €59,773 | €51,457 | -€8,315 | -13.9% |
| Other operating charges | 640/8 | €1,155 | €1,185 | +€31 | +2.7% |
| Operating profit (loss) | 9901 | -€927 | €64,597 | +€65,524 | |
| Financial income | 75/76B | €250,049 | €248,669 | -€1,381 | -0.6% |
| Recurring financial income | 75 | €250,049 | €248,669 | -€1,381 | -0.6% |
| Income from financial fixed assets | 750 | €152,626 | €142,970 | -€9,656 | -6.3% |
| Income from current assets | 751 | €96,948 | €105,698 | +€8,750 | +9.0% |
| Other financial income | 752/9 | €475 | - | -€475 | |
| Financial charges | 65/66B | €543,502 | €356,335 | -€187,167 | -34.4% |
| Recurring financial charges | 65 | €543,502 | €356,335 | -€187,167 | -34.4% |
| Debt charges | 650 | €473,406 | €379,496 | -€93,909 | -19.8% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €63,640 | -€51,838 | -€115,479 | |
| Other financial charges | 652/9 | €6,456 | €28,677 | +€22,221 | +344.2% |
| Profit (loss) for the period before taxes | 9903 | -€294,380 | -€43,069 | +€251,311 | +85.4% |
| Profit (loss) for the period | 9904 | -€294,380 | -€43,069 | +€251,311 | +85.4% |
| Transfer from tax-exempt reserves | 789 | - | €504 | +€504 | |
| Profit (loss) for the period to be appropriated | 9905 | -€294,380 | -€42,565 | +€251,814 | +85.5% |
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 3 October 2026 via checked.be.