HILDAS: 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.
What changed
HILDAS
NACE 10.111, Manufacture of food products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€825,398
2024 · €992,755-€167,357
Equity
€4.4m
2024 · €3.9m+€525,398
Cash
€1.3m
2024 · €1.2m+€124,940
Balance sheet total
€8.5m
2024 · €7.9m+€617,708
Largest movements
Assets
- Tangible fixed assets +€365,212
up €365,212 (+9.0%), from €4.0m to €4.4m
of which Land and buildings: +€548,533
- Cash +€124,940
up €124,940 (+10.6%), from €1.2m to €1.3m
mainly Net result for the year (+€825,398) and Debts after one year (+€353,136)
Equity and liabilities
- Reserves +€525,000
up €525,000 (+14.2%), from €3.7m to €4.2m
of which Distributable reserves: +€525,000
- Debts after one year +€353,136
up €353,136 (+12.9%), from €2.7m to €3.1m
of which Financial debts: +€347,136
- Trade debts -€134,980
down €134,980 (-43.6%), from €309,768 to €174,788
- Tax, wage and social debts -€101,114
down €101,114 (-29.2%), from €345,789 to €244,675
of which Taxes: -€113,976
Income statement
- Goods and materials +€818,438
up €818,438 (+8.9%), from €9.2m to €10.0m
of which Purchases: +€1.0m
- Turnover +€393,803
up €393,803 (+3.0%), from €13.0m to €13.4m
- Services and other goods -€205,470
down €205,470 (-16.2%), from €1.3m to €1.1m
- Other operating income -€144,573
down €144,573 (-38.3%), from €377,375 to €232,802
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.
Result 2024
€992,755
Turnover
+€393,803
Other operating income
-€144,573
Goods and materials
-€818,438
Services and other goods
+€205,470
Staff costs
-€27,462
Depreciation
+€4,574
Write-downs
+€104,349
Other operating charges
+€21,683
Other operating items
+€18,593
Financial income
+€1,445
Financial charges
+€10,857
Taxes
+€62,343
Result 2025
€825,398
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.
From operations
+€689,683
Investment
-€593,144
Financing
+€28,400
Cash 2024
€1.2m
From operations (derived)
+€689,683
Net result for the year
+€825,398
Depreciation
+€227,932
Stocks and contracts
-€77,468
Receivables within one year
-€56,924
Deferred charges and accrued income
+€6,836
Trade debts
-€134,980
Tax, wage and social debts
-€101,114
Accrued charges and deferred income
+€3
Investment (derived)
-€593,144
Investment in fixed assets (net)
-€593,144
Financing
+€28,400
Debts after one year
+€353,136
Current portion of long-term debt
-€24,736
Contributions, distributions and other
-€300,000
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,903,926 | €8,521,634 | +€617,708 | +7.8% |
| Fixed assets | 21/28 | €4,043,618 | €4,408,830 | +€365,212 | +9.0% |
| Tangible fixed assets | 22/27 | €4,041,775 | €4,406,987 | +€365,212 | +9.0% |
| Land and buildings | 22 | €3,359,720 | €3,908,253 | +€548,533 | +16.3% |
| Plant, machinery and equipment | 23 | €485,370 | €444,410 | -€40,960 | -8.4% |
| Furniture and vehicles | 24 | €151,488 | €27,828 | -€123,660 | -81.6% |
| Leasing and similar rights | 25 | €45,197 | €26,496 | -€18,701 | -41.4% |
| Financial fixed assets | 28 | €1,844 | €1,844 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,844 | €1,844 | = | 0.0% |
| Shares | 284 | €1,844 | €1,844 | = | 0.0% |
| Current assets | 29/58 | €3,860,307 | €4,112,803 | +€252,496 | +6.5% |
| Stocks and contracts in progress | 3 | €638,117 | €715,584 | +€77,468 | +12.1% |
| Stocks | 30/36 | €638,117 | €715,584 | +€77,468 | +12.1% |
| Goods purchased for resale | 34 | €638,117 | €715,584 | +€77,468 | +12.1% |
| Amounts receivable within one year | 40/41 | €1,996,439 | €2,053,364 | +€56,924 | +2.9% |
| Trade receivables | 40 | €1,974,237 | €1,865,730 | -€108,507 | -5.5% |
| Other amounts receivable | 41 | €22,202 | €187,633 | +€165,431 | +745.1% |
| Cash at bank and in hand | 54/58 | €1,183,954 | €1,308,894 | +€124,940 | +10.6% |
| Deferred charges and accrued income | 490/1 | €41,797 | €34,961 | -€6,836 | -16.4% |
| Total equity and liabilities | 10/49 | €7,903,926 | €8,521,634 | +€617,708 | +7.8% |
| Equity | 10/15 | €3,915,765 | €4,441,163 | +€525,398 | +13.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €3,708,015 | €4,233,015 | +€525,000 | +14.2% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €3,688,015 | €4,213,015 | +€525,000 | +14.2% |
| Profit (loss) carried forward | 14 | €7,751 | €8,148 | +€398 | +5.1% |
| Amounts payable | 17/49 | €3,988,160 | €4,080,470 | +€92,310 | +2.3% |
| Amounts payable after more than one year | 17 | €2,728,218 | €3,081,355 | +€353,136 | +12.9% |
| Financial debts | 170/4 | €2,728,218 | €3,075,355 | +€347,136 | +12.7% |
| Credit institutions | 173 | €2,728,218 | €3,075,355 | +€347,136 | +12.7% |
| Other amounts payable | 178/9 | - | €6,000 | +€6,000 | |
| Amounts payable within one year | 42/48 | €1,254,758 | €993,929 | -€260,829 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €299,201 | €274,465 | -€24,736 | -8.3% |
| Trade debts | 44 | €309,768 | €174,788 | -€134,980 | -43.6% |
| Suppliers | 440/4 | €309,768 | €174,788 | -€134,980 | -43.6% |
| Taxes, remuneration and social security | 45 | €345,789 | €244,675 | -€101,114 | -29.2% |
| Taxes | 450/3 | €191,463 | €77,487 | -€113,976 | -59.5% |
| Remuneration and social security | 454/9 | €154,326 | €167,189 | +€12,862 | +8.3% |
| Other amounts payable | 47/48 | €300,000 | €300,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,184 | €5,187 | +€3 | +0.1% |
| Operating income | 70/76A | €13,378,176 | €13,642,247 | +€264,071 | +2.0% |
| Turnover | 70 | €12,989,441 | €13,383,243 | +€393,803 | +3.0% |
| Other operating income | 74 | €377,375 | €232,802 | -€144,573 | -38.3% |
| Non-recurring operating income | 76A | €11,360 | €26,202 | +€14,842 | +130.7% |
| Operating charges | 60/66A | €11,964,137 | €12,470,210 | +€506,073 | +4.2% |
| Goods for resale, raw materials and consumables | 60 | €9,158,872 | €9,977,311 | +€818,438 | +8.9% |
| Purchases | 600/8 | €9,033,814 | €10,054,778 | +€1.0m | +11.3% |
| Change in stocks: decrease (increase) | 609 | €125,058 | -€77,468 | -€202,526 | |
| Services and other goods | 61 | €1,266,388 | €1,060,918 | -€205,470 | -16.2% |
| Remuneration, social security and pensions | 62 | €1,047,463 | €1,074,925 | +€27,462 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €232,506 | €227,932 | -€4,574 | -2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €173,473 | €69,124 | -€104,349 | -60.2% |
| Other operating charges | 640/8 | €73,760 | €52,077 | -€21,683 | -29.4% |
| Non-recurring operating charges | 66A | €11,675 | €7,924 | -€3,751 | -32.1% |
| Operating profit (loss) | 9901 | €1,414,038 | €1,172,037 | -€242,002 | -17.1% |
| Financial income | 75/76B | €21,959 | €23,404 | +€1,445 | +6.6% |
| Recurring financial income | 75 | €21,959 | €23,404 | +€1,445 | +6.6% |
| Other financial income | 752/9 | €21,959 | €23,404 | +€1,445 | +6.6% |
| Financial charges | 65/66B | €102,266 | €91,408 | -€10,857 | -10.6% |
| Recurring financial charges | 65 | €102,266 | €91,408 | -€10,857 | -10.6% |
| Debt charges | 650 | €97,925 | €88,474 | -€9,451 | -9.7% |
| Other financial charges | 652/9 | €4,340 | €2,934 | -€1,407 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €1,333,732 | €1,104,032 | -€229,700 | -17.2% |
| Income taxes | 67/77 | €340,977 | €278,634 | -€62,343 | -18.3% |
| Taxes | 670/3 | €340,977 | €278,634 | -€62,343 | -18.3% |
| Profit (loss) for the period | 9904 | €992,755 | €825,398 | -€167,357 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €992,755 | €825,398 | -€167,357 | -16.9% |
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.