HILDRINE: 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.
HILDRINE
Largest movements
- Current investments +€60,193
new in 2025: €60,193
- Cash +€26,939
up €26,939 (+59.4%), from €45,369 to €72,308
mainly Net result for the year (+€64,908) and Debts after one year (+€21,045)
- Tangible fixed assets +€24,099
up €24,099 (+107%), from €22,497 to €46,596
of which Leasing and similar rights: +€35,766
- Reserves +€64,908
up €64,908 (+62.3%), from €104,122 to €169,030
- Debts after one year +€21,045
new in 2025: €21,045
- Current portion of long-term debt +€10,359
new in 2025: €10,359
- Tax, wage and social debts +€8,105
up €8,105 (+37.0%), from €21,927 to €30,032
of which Taxes: +€7,989
- Trade debts +€4,802
up €4,802 (+7.8%), from €61,873 to €66,675
- Gross operating margin +€50,510
up €50,510 (+39.5%), from €127,736 to €178,246
- Taxes +€14,821
up €14,821 (+117%), from €12,642 to €27,463
- Other operating charges +€2,748
up €2,748 (+21.8%), from €12,591 to €15,339
- Depreciation +€2,109
up €2,109 (+12.7%), from €16,574 to €18,683
- Staff costs +€1,938
up €1,938 (+4.0%), from €48,628 to €50,566
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
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 | €214,839 | €328,602 | +€113,763 | +53.0% |
| Fixed assets | 21/28 | €23,247 | €47,346 | +€24,099 | +104% |
| Tangible fixed assets | 22/27 | €22,497 | €46,596 | +€24,099 | +107% |
| Plant, machinery and equipment | 23 | €9,089 | €3,838 | -€5,251 | -57.8% |
| Furniture and vehicles | 24 | €13,408 | €6,992 | -€6,416 | -47.9% |
| Leasing and similar rights | 25 | - | €35,766 | +€35,766 | |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €191,592 | €281,256 | +€89,664 | +46.8% |
| Stocks and contracts in progress | 3 | €143,265 | €144,745 | +€1,480 | +1.0% |
| Stocks | 30/36 | €143,265 | €144,745 | +€1,480 | +1.0% |
| Amounts receivable within one year | 40/41 | €2,791 | €3,399 | +€608 | +21.8% |
| Other amounts receivable | 41 | €2,791 | €3,399 | +€608 | +21.8% |
| Current investments | 50/53 | - | €60,193 | +€60,193 | |
| Cash at bank and in hand | 54/58 | €45,369 | €72,308 | +€26,939 | +59.4% |
| Deferred charges and accrued income | 490/1 | €167 | €611 | +€444 | +266% |
| Total equity and liabilities | 10/49 | €214,839 | €328,602 | +€113,763 | +53.0% |
| Equity | 10/15 | €122,872 | €187,780 | +€64,908 | +52.8% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €104,122 | €169,030 | +€64,908 | +62.3% |
| Distributable reserves | 133 | €104,122 | €169,030 | +€64,908 | +62.3% |
| Amounts payable | 17/49 | €91,967 | €140,822 | +€48,855 | +53.1% |
| Amounts payable after more than one year | 17 | - | €21,045 | +€21,045 | |
| Financial debts | 170/4 | - | €21,045 | +€21,045 | |
| Amounts payable within one year | 42/48 | €91,967 | €119,777 | +€27,810 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | - | €10,359 | +€10,359 | |
| Financial debts | 43 | €8,167 | €12,711 | +€4,544 | +55.6% |
| Credit institutions | 430/8 | €8,167 | €12,711 | +€4,544 | +55.6% |
| Trade debts | 44 | €61,873 | €66,675 | +€4,802 | +7.8% |
| Suppliers | 440/4 | €61,873 | €66,675 | +€4,802 | +7.8% |
| Taxes, remuneration and social security | 45 | €21,927 | €30,032 | +€8,105 | +37.0% |
| Taxes | 450/3 | €13,700 | €21,689 | +€7,989 | +58.3% |
| Remuneration and social security | 454/9 | €8,227 | €8,343 | +€116 | +1.4% |
| Remuneration, social security and pensions | 62 | €48,628 | €50,566 | +€1,938 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,574 | €18,683 | +€2,109 | +12.7% |
| Other operating charges | 640/8 | €12,591 | €15,339 | +€2,748 | +21.8% |
| Non-recurring operating charges | 66A | €673 | €53 | -€620 | -92.1% |
| Gross operating margin | 9900 | €127,736 | €178,246 | +€50,510 | +39.5% |
| Operating profit (loss) | 9901 | €49,270 | €93,605 | +€44,335 | +90.0% |
| Financial income | 75/76B | €3,244 | €3,738 | +€494 | +15.2% |
| Recurring financial income | 75 | €3,244 | €3,738 | +€494 | +15.2% |
| Financial charges | 65/66B | €5,237 | €4,972 | -€265 | -5.1% |
| Recurring financial charges | 65 | €5,237 | €4,972 | -€265 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €47,277 | €92,371 | +€45,094 | +95.4% |
| Income taxes | 67/77 | €12,642 | €27,463 | +€14,821 | +117% |
| Profit (loss) for the period | 9904 | €34,635 | €64,908 | +€30,273 | +87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,635 | €64,908 | +€30,273 | +87.4% |
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 19 October 2026 via checked.be.