HILDIR: what changed
Two financial 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.
HILDIR
Largest movements
- Receivables within one year +€234,602
up €234,602 (+524%), from €44,774 to €279,377
of which Other amounts receivable: +€225,911
- Tangible fixed assets -€89,751
down €89,751 (-4.9%), from €1.8m to €1.8m
- Profit (loss) carried forward +€122,585
up €122,585 (+29.0%), from -€422,727 to -€300,143
- Debts after one year -€59,407
down €59,407 (-4.2%), from €1.4m to €1.3m
- Short-term financial debts +€53,888
up €53,888 (+2,347%), from €2,296 to €56,183
- Other debts +€27,054
up €27,054 (+34.4%), from €78,544 to €105,598
- Gross operating margin +€195,978
up €195,978 (+159%), from €123,330 to €319,309
- Write-downs +€30,686
new in 2025: €30,686
- Other operating charges +€15,329
up €15,329 (+106%), from €14,409 to €29,737
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,947,504 | €2,091,044 | +€143,540 | +7.4% |
| Fixed assets | 21/28 | €1,900,400 | €1,810,649 | -€89,751 | -4.7% |
| Tangible fixed assets | 22/27 | €1,845,168 | €1,755,417 | -€89,751 | -4.9% |
| Land and buildings | 22 | €1,845,168 | €1,755,417 | -€89,751 | -4.9% |
| Financial fixed assets | 28 | €55,232 | €55,232 | = | 0.0% |
| Current assets | 29/58 | €47,104 | €280,395 | +€233,291 | +495% |
| Amounts receivable within one year | 40/41 | €44,774 | €279,377 | +€234,602 | +524% |
| Trade receivables | 40 | €44,174 | €52,865 | +€8,691 | +19.7% |
| Other amounts receivable | 41 | €600 | €226,511 | +€225,911 | +37,652% |
| Deferred charges and accrued income | 490/1 | €2,330 | €1,019 | -€1,311 | -56.3% |
| Total equity and liabilities | 10/49 | €1,947,504 | €2,091,044 | +€143,540 | +7.4% |
| Equity | 10/15 | €367,330 | €489,914 | +€122,585 | +33.4% |
| Contributions | 10/11 | €496,740 | €496,740 | = | 0.0% |
| Capital | 10 | €496,740 | €496,740 | = | 0.0% |
| Issued capital | 100 | €496,740 | €496,740 | = | 0.0% |
| Revaluation surpluses | 12 | €186,034 | €186,034 | = | 0.0% |
| Reserves | 13 | €107,282 | €107,282 | = | 0.0% |
| Non-distributable reserves | 130/1 | €39,291 | €39,291 | = | 0.0% |
| Legal reserve | 130 | €39,291 | €39,291 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,554 | €36,554 | = | 0.0% |
| Distributable reserves | 133 | €31,437 | €31,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€422,727 | -€300,143 | +€122,585 | +29.0% |
| Amounts payable | 17/49 | €1,580,175 | €1,601,130 | +€20,955 | +1.3% |
| Amounts payable after more than one year | 17 | €1,407,584 | €1,348,177 | -€59,407 | -4.2% |
| Financial debts | 170/4 | €1,407,584 | €1,348,177 | -€59,407 | -4.2% |
| Amounts payable within one year | 42/48 | €172,591 | €252,953 | +€80,362 | +46.6% |
| Current portion of amounts payable after more than one year | 42 | €85,376 | €77,287 | -€8,089 | -9.5% |
| Financial debts | 43 | €2,296 | €56,183 | +€53,888 | +2,347% |
| Credit institutions | 430/8 | €2,296 | €56,183 | +€53,888 | +2,347% |
| Trade debts | 44 | €6,375 | €13,885 | +€7,509 | +118% |
| Suppliers | 440/4 | €6,375 | €13,885 | +€7,509 | +118% |
| Other amounts payable | 47/48 | €78,544 | €105,598 | +€27,054 | +34.4% |
| Non-recurring operating income | 76A | - | €225,611 | +€225,611 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,404 | €89,751 | -€2,653 | -2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €30,686 | +€30,686 | |
| Other operating charges | 640/8 | €14,409 | €29,737 | +€15,329 | +106% |
| Gross operating margin | 9900 | €123,330 | €319,309 | +€195,978 | +159% |
| Operating profit (loss) | 9901 | €16,518 | €169,134 | +€152,616 | +924% |
| Financial charges | 65/66B | €48,310 | €46,549 | -€1,761 | -3.6% |
| Recurring financial charges | 65 | €48,310 | €46,549 | -€1,761 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | -€31,792 | €122,585 | +€154,377 | |
| Profit (loss) for the period | 9904 | -€31,792 | €122,585 | +€154,377 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,792 | €122,585 | +€154,377 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.