HILDERWIN: 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
HILDERWIN
NACE 56.301, Cafés and bars
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€150,079
2024 · €144,634+€5,445
Equity
€518,490
2024 · €386,593+€131,897
Cash
€360,184
2024 · €293,337+€66,847
Balance sheet total
€585,387
2024 · €457,062+€128,325
Largest movements
Assets
- Current investments +€116,214
new in 2025: €116,214
- Cash +€66,847
up €66,847 (+22.8%), from €293,337 to €360,184
mainly Net result for the year (+€150,079) and Depreciation (+€30,785)
- Tangible fixed assets -€26,986
down €26,986 (-29.4%), from €91,926 to €64,941
of which Plant, machinery and equipment: -€13,555
- Receivables after one year -€25,000
down €25,000 (-100.0%), from €25,000 to €0
Equity and liabilities
- Reserves +€131,897
up €131,897 (+35.8%), from €367,993 to €499,890
- Accrued charges and deferred income +€7,359
up €7,359 (+198.9%), from €3,700 to €11,060
- Trade debts -€6,976
down €6,976 (-65.6%), from €10,631 to €3,656
Income statement
- Staff costs -€18,828
down €18,828 (-12.3%), from €153,122 to €134,294
- Gross operating margin -€14,828
down €14,828 (-3.8%), from €388,280 to €373,452
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
€144,634
Gross operating margin
-€14,828
Staff costs
+€18,828
Depreciation
-€2,268
Other operating charges
+€2,098
Other operating items
+€1,363
Financial income
+€2,042
Financial charges
+€52
Taxes
-€1,842
Result 2025
€150,079
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
+€212,589
Investment
-€119,864
Financing
-€25,878
Cash 2024
€293,337
From operations (derived)
+€212,589
Net result for the year
+€150,079
Depreciation
+€30,785
Receivables after one year
+€25,000
Stocks and contracts
+€1,972
Receivables within one year
+€1,434
Deferred charges and accrued income
-€807
Trade debts
-€6,976
Tax, wage and social debts
+€3,034
Advances received
+€707
Accrued charges and deferred income
+€7,359
Investment (derived)
-€119,864
Investment in fixed assets (net)
-€3,649
Current investments
-€116,214
Financing
-€25,878
Debts after one year
-€1,934
Current portion of long-term debt
-€5,762
Contributions, distributions and other
-€18,182
Cash 2025
€360,184
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €457,062 | €585,387 | +€128,325 | +28.1% |
| Fixed assets | 21/28 | €92,249 | €65,113 | -€27,136 | -29.4% |
| Intangible fixed assets | 21 | €323 | €173 | -€150 | -46.5% |
| Tangible fixed assets | 22/27 | €91,926 | €64,941 | -€26,986 | -29.4% |
| Plant, machinery and equipment | 23 | €56,694 | €43,138 | -€13,555 | -23.9% |
| Furniture and vehicles | 24 | €35,233 | €21,802 | -€13,431 | -38.1% |
| Current assets | 29/58 | €364,813 | €520,274 | +€155,461 | +42.6% |
| Amounts receivable after more than one year | 29 | €25,000 | €0 | -€25,000 | -100.0% |
| Other amounts receivable | 291 | €25,000 | €0 | -€25,000 | -100.0% |
| Stocks and contracts in progress | 3 | €10,809 | €8,837 | -€1,972 | -18.2% |
| Stocks | 30/36 | €10,809 | €8,837 | -€1,972 | -18.2% |
| Amounts receivable within one year | 40/41 | €35,231 | €33,797 | -€1,434 | -4.1% |
| Trade receivables | 40 | €9,383 | €18,322 | +€8,939 | +95.3% |
| Other amounts receivable | 41 | €25,848 | €15,475 | -€10,373 | -40.1% |
| Current investments | 50/53 | - | €116,214 | +€116,214 | |
| Cash at bank and in hand | 54/58 | €293,337 | €360,184 | +€66,847 | +22.8% |
| Deferred charges and accrued income | 490/1 | €435 | €1,242 | +€807 | +185.4% |
| Total equity and liabilities | 10/49 | €457,062 | €585,387 | +€128,325 | +28.1% |
| Equity | 10/15 | €386,593 | €518,490 | +€131,897 | +34.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €367,993 | €499,890 | +€131,897 | +35.8% |
| Distributable reserves | 133 | €367,993 | €499,890 | +€131,897 | +35.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €70,469 | €66,897 | -€3,572 | -5.1% |
| Amounts payable after more than one year | 17 | €1,934 | €0 | -€1,934 | -100.0% |
| Financial debts | 170/4 | €1,934 | €0 | -€1,934 | -100.0% |
| Amounts payable within one year | 42/48 | €64,835 | €55,838 | -€8,997 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €7,553 | €1,790 | -€5,762 | -76.3% |
| Trade debts | 44 | €10,631 | €3,656 | -€6,976 | -65.6% |
| Suppliers | 440/4 | €10,631 | €3,656 | -€6,976 | -65.6% |
| Advances received on contracts in progress | 46 | - | €707 | +€707 | |
| Taxes, remuneration and social security | 45 | €46,650 | €49,685 | +€3,034 | +6.5% |
| Taxes | 450/3 | €25,508 | €22,253 | -€3,254 | -12.8% |
| Remuneration and social security | 454/9 | €21,143 | €27,431 | +€6,288 | +29.7% |
| Accrued charges and deferred income | 492/3 | €3,700 | €11,060 | +€7,359 | +198.9% |
| Non-recurring operating income | 76A | - | €119 | +€119 | |
| Remuneration, social security and pensions | 62 | €153,122 | €134,294 | -€18,828 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,517 | €30,785 | +€2,268 | +8.0% |
| Other operating charges | 640/8 | €4,827 | €2,729 | -€2,098 | -43.5% |
| Non-recurring operating charges | 66A | €1,363 | €0 | -€1,363 | -100.0% |
| Gross operating margin | 9900 | €388,280 | €373,452 | -€14,828 | -3.8% |
| Operating profit (loss) | 9901 | €200,451 | €205,644 | +€5,193 | +2.6% |
| Financial income | 75/76B | €7,012 | €9,054 | +€2,042 | +29.1% |
| Recurring financial income | 75 | €7,012 | €9,054 | +€2,042 | +29.1% |
| Financial charges | 65/66B | €2,278 | €2,225 | -€52 | -2.3% |
| Recurring financial charges | 65 | €2,278 | €2,225 | -€52 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €205,185 | €212,472 | +€7,287 | +3.6% |
| Income taxes | 67/77 | €60,551 | €62,393 | +€1,842 | +3.0% |
| Profit (loss) for the period | 9904 | €144,634 | €150,079 | +€5,445 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €144,634 | €150,079 | +€5,445 | +3.8% |
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 1 October 2026 via checked.be.