HILFRA: 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.
HILFRA
Largest movements
- Receivables within one year +€30,279
up €30,279 (+83.6%), from €36,241 to €66,520
of which Trade receivables: +€37,723
- Tangible fixed assets +€24,892
up €24,892 (+9.7%), from €255,362 to €280,254
of which Leasing and similar rights: +€31,886
- Accrued charges and deferred income -€123,785
down €123,785 (-100.0%), from €123,785 to €0
- Other debts +€92,538
up €92,538 (+3084.6%), from €3,000 to €95,538
- Profit (loss) carried forward +€63,358
up €63,358 (+25.6%), from -€247,472 to -€184,114
- Current portion of long-term debt +€23,811
up €23,811 (+205.0%), from €11,616 to €35,427
- Short-term financial debts -€17,919
down €17,919 (-100.0%), from €17,919 to €0
- Gross operating margin +€80,801
up €80,801 (+292.1%), from €27,659 to €108,460
- Depreciation +€16,372
up €16,372 (+147.0%), from €11,141 to €27,512
- Other operating charges -€12,229
down €12,229 (-79.4%), from €15,409 to €3,180
- Financial charges -€5,660
down €5,660 (-28.2%), from €20,073 to €14,413
From the 2023 result to the 2024 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
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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €293,961 | €349,903 | +€55,942 | +19.0% |
| Fixed assets | 21/28 | €256,836 | €281,729 | +€24,892 | +9.7% |
| Tangible fixed assets | 22/27 | €255,362 | €280,254 | +€24,892 | +9.7% |
| Land and buildings | 22 | €193,521 | €186,581 | -€6,941 | -3.6% |
| Plant, machinery and equipment | 23 | €44,221 | €45,173 | +€952 | +2.2% |
| Furniture and vehicles | 24 | €17,119 | €16,114 | -€1,005 | -5.9% |
| Leasing and similar rights | 25 | €500 | €32,386 | +€31,886 | +6377.3% |
| Financial fixed assets | 28 | €1,474 | €1,474 | = | 0.0% |
| Current assets | 29/58 | €37,125 | €68,175 | +€31,050 | +83.6% |
| Amounts receivable within one year | 40/41 | €36,241 | €66,520 | +€30,279 | +83.6% |
| Trade receivables | 40 | €15,445 | €53,168 | +€37,723 | +244.2% |
| Other amounts receivable | 41 | €20,796 | €13,352 | -€7,444 | -35.8% |
| Deferred charges and accrued income | 490/1 | €884 | €1,655 | +€771 | +87.2% |
| Total equity and liabilities | 10/49 | €293,961 | €349,903 | +€55,942 | +19.0% |
| Equity | 10/15 | -€81,383 | -€18,025 | +€63,358 | +77.9% |
| Contributions | 10/11 | €158,652 | €158,652 | = | 0.0% |
| Capital | 10 | €158,652 | €158,652 | = | 0.0% |
| Issued capital | 100 | €158,652 | €158,652 | = | 0.0% |
| Reserves | 13 | €7,437 | €7,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Legal reserve | 130 | €3,718 | €3,718 | = | 0.0% |
| Distributable reserves | 133 | €3,718 | €3,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€247,472 | -€184,114 | +€63,358 | +25.6% |
| Amounts payable | 17/49 | €375,344 | €367,929 | -€7,415 | -2.0% |
| Amounts payable after more than one year | 17 | €139,756 | €156,289 | +€16,532 | +11.8% |
| Financial debts | 170/4 | €127,920 | €144,453 | +€16,532 | +12.9% |
| Other amounts payable | 178/9 | €11,836 | €11,836 | = | 0.0% |
| Amounts payable within one year | 42/48 | €111,804 | €211,640 | +€99,837 | +89.3% |
| Current portion of amounts payable after more than one year | 42 | €11,616 | €35,427 | +€23,811 | +205.0% |
| Financial debts | 43 | €17,919 | €0 | -€17,919 | -100.0% |
| Credit institutions | 430/8 | €17,919 | €0 | -€17,919 | -100.0% |
| Trade debts | 44 | €76,533 | €80,675 | +€4,142 | +5.4% |
| Suppliers | 440/4 | €76,533 | €80,675 | +€4,142 | +5.4% |
| Taxes, remuneration and social security | 45 | €2,735 | - | -€2,735 | |
| Taxes | 450/3 | €2,735 | - | -€2,735 | |
| Other amounts payable | 47/48 | €3,000 | €95,538 | +€92,538 | +3084.6% |
| Accrued charges and deferred income | 492/3 | €123,785 | €0 | -€123,785 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,141 | €27,512 | +€16,372 | +147.0% |
| Other operating charges | 640/8 | €15,409 | €3,180 | -€12,229 | -79.4% |
| Gross operating margin | 9900 | €27,659 | €108,460 | +€80,801 | +292.1% |
| Operating profit (loss) | 9901 | €1,109 | €77,768 | +€76,659 | +6912.5% |
| Financial income | 75/76B | €59 | €3 | -€56 | -94.9% |
| Recurring financial income | 75 | €59 | €3 | -€56 | -94.9% |
| Financial charges | 65/66B | €20,073 | €14,413 | -€5,660 | -28.2% |
| Recurring financial charges | 65 | €20,073 | €14,413 | -€5,660 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,905 | €63,358 | +€82,263 | |
| Profit (loss) for the period | 9904 | -€18,905 | €63,358 | +€82,263 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,905 | €63,358 | +€82,263 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.