HILDE WINDELS: 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.
HILDE WINDELS
Largest movements
- Receivables within one year +€53,150
up €53,150 (+103.3%), from €51,442 to €104,592
of which Trade receivables: +€53,435
- Tangible fixed assets -€38,788
down €38,788 (-7.2%), from €541,091 to €502,303
of which Land and buildings: -€22,608
- Cash -€13,340
down €13,340 (-81.3%), from €16,412 to €3,071
mainly Contributions, distributions and other (-€127,497) and Receivables within one year (-€53,150)
- Deferred charges and accrued income -€12,168
down €12,168 (-75.0%), from €16,216 to €4,048
- Financial fixed assets -€6,835
down €6,835 (-57.6%), from €11,869 to €5,034
- Other debts +€99,780
up €99,780 (+198.1%), from €50,380 to €150,159
- Reserves -€66,124
down €66,124 (-16.5%), from €400,112 to €333,988
of which Distributable reserves: -€64,070
- Debts after one year -€49,024
down €49,024 (-82.5%), from €59,447 to €10,423
- Tax, wage and social debts +€6,982
up €6,982 (+101.8%), from €6,862 to €13,844
- Gross operating margin +€68,477
up €68,477 (+85.0%), from €80,563 to €149,039
- Taxes +€2,893
up €2,893 (+13.0%), from €22,200 to €25,093
- Depreciation -€2,117
down €2,117 (-5.2%), from €40,905 to €38,788
- Other operating charges -€2,047
down €2,047 (-36.2%), from €5,651 to €3,604
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 | €637,029 | €619,048 | -€17,981 | -2.8% |
| Fixed assets | 21/28 | €552,960 | €507,336 | -€45,623 | -8.3% |
| Tangible fixed assets | 22/27 | €541,091 | €502,303 | -€38,788 | -7.2% |
| Land and buildings | 22 | €500,058 | €477,449 | -€22,608 | -4.5% |
| Plant, machinery and equipment | 23 | €1,125 | €416 | -€709 | -63.0% |
| Furniture and vehicles | 24 | €39,908 | €24,437 | -€15,471 | -38.8% |
| Financial fixed assets | 28 | €11,869 | €5,034 | -€6,835 | -57.6% |
| Current assets | 29/58 | €84,069 | €111,711 | +€27,642 | +32.9% |
| Amounts receivable within one year | 40/41 | €51,442 | €104,592 | +€53,150 | +103.3% |
| Trade receivables | 40 | €50,603 | €104,038 | +€53,435 | +105.6% |
| Other amounts receivable | 41 | €839 | €554 | -€285 | -34.0% |
| Cash at bank and in hand | 54/58 | €16,412 | €3,071 | -€13,340 | -81.3% |
| Deferred charges and accrued income | 490/1 | €16,216 | €4,048 | -€12,168 | -75.0% |
| Total equity and liabilities | 10/49 | €637,029 | €619,048 | -€17,981 | -2.8% |
| Equity | 10/15 | €427,930 | €361,806 | -€66,124 | -15.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €400,112 | €333,988 | -€66,124 | -16.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €43,492 | €41,438 | -€2,054 | -4.7% |
| Distributable reserves | 133 | €356,620 | €292,550 | -€64,070 | -18.0% |
| Profit (loss) carried forward | 14 | €8,818 | €8,818 | = | 0.0% |
| Provisions and deferred taxes | 16 | €18,269 | €17,406 | -€863 | -4.7% |
| Deferred taxes | 168 | €18,269 | €17,406 | -€863 | -4.7% |
| Amounts payable | 17/49 | €190,830 | €239,836 | +€49,006 | +25.7% |
| Amounts payable after more than one year | 17 | €59,447 | €10,423 | -€49,024 | -82.5% |
| Financial debts | 170/4 | €59,447 | €10,423 | -€49,024 | -82.5% |
| Amounts payable within one year | 42/48 | €129,383 | €227,413 | +€98,030 | +75.8% |
| Current portion of amounts payable after more than one year | 42 | €53,354 | €49,024 | -€4,330 | -8.1% |
| Financial debts | 43 | €993 | €790 | -€203 | -20.4% |
| Credit institutions | 430/8 | €993 | €790 | -€203 | -20.4% |
| Trade debts | 44 | €17,794 | €13,595 | -€4,199 | -23.6% |
| Suppliers | 440/4 | €17,794 | €13,595 | -€4,199 | -23.6% |
| Taxes, remuneration and social security | 45 | €6,862 | €13,844 | +€6,982 | +101.8% |
| Taxes | 450/3 | €6,862 | €13,844 | +€6,982 | +101.8% |
| Other amounts payable | 47/48 | €50,380 | €150,159 | +€99,780 | +198.1% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,905 | €38,788 | -€2,117 | -5.2% |
| Other operating charges | 640/8 | €5,651 | €3,604 | -€2,047 | -36.2% |
| Non-recurring operating charges | 66A | €0 | €11,850 | +€11,850 | |
| Gross operating margin | 9900 | €80,563 | €149,039 | +€68,477 | +85.0% |
| Operating profit (loss) | 9901 | €34,007 | €94,798 | +€60,791 | +178.8% |
| Financial income | 75/76B | €17 | €0 | -€17 | -100.0% |
| Recurring financial income | 75 | €17 | €0 | -€17 | -100.0% |
| Financial charges | 65/66B | €8,196 | €9,195 | +€999 | +12.2% |
| Recurring financial charges | 65 | €8,196 | €9,195 | +€999 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €25,828 | €85,603 | +€59,775 | +231.4% |
| Transfer from deferred taxes | 780 | €863 | €863 | = | 0.0% |
| Income taxes | 67/77 | €22,200 | €25,093 | +€2,893 | +13.0% |
| Profit (loss) for the period | 9904 | €4,491 | €61,373 | +€56,882 | +1266.6% |
| Transfer from tax-exempt reserves | 789 | €2,054 | €2,054 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,545 | €63,427 | +€56,882 | +869.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.