HILGERS: 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.
HILGERS
Largest movements
- Current investments -€125,317
down €125,317 (-30.4%), from €412,317 to €287,000
- Debts after one year -€129,260
down €129,260 (-33.3%), from €387,780 to €258,520
- Financial income -€10,751
down €10,751 (-57.0%), from €18,854 to €8,102
- Other operating charges +€31
up €31 (+3.2%), from €968 to €998
- Gross operating margin -€14
down €14 (-1.4%), from -€998 to -€1,012
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 | €12,263,267 | €12,140,069 | -€123,199 | -1.0% |
| Fixed assets | 21/28 | €11,843,994 | €11,843,994 | = | 0.0% |
| Financial fixed assets | 28 | €11,843,994 | €11,843,994 | = | 0.0% |
| Current assets | 29/58 | €419,273 | €296,075 | -€123,199 | -29.4% |
| Amounts receivable within one year | 40/41 | €5,656 | €8,087 | +€2,431 | +43.0% |
| Other amounts receivable | 41 | €5,656 | €8,087 | +€2,431 | +43.0% |
| Current investments | 50/53 | €412,317 | €287,000 | -€125,317 | -30.4% |
| Cash at bank and in hand | 54/58 | €1,300 | €988 | -€312 | -24.0% |
| Total equity and liabilities | 10/49 | €12,263,267 | €12,140,069 | -€123,199 | -1.0% |
| Equity | 10/15 | €11,873,683 | €11,879,732 | +€6,050 | +0.1% |
| Contributions | 10/11 | €4,640,500 | €4,640,500 | = | 0.0% |
| Capital | 10 | €4,640,500 | €4,640,500 | = | 0.0% |
| Issued capital | 100 | €4,640,500 | €4,640,500 | = | 0.0% |
| Reserves | 13 | €366,450 | €366,800 | +€350 | +0.1% |
| Non-distributable reserves | 130/1 | €366,450 | €366,800 | +€350 | +0.1% |
| Legal reserve | 130 | €366,450 | €366,800 | +€350 | +0.1% |
| Profit (loss) carried forward | 14 | €6,866,733 | €6,872,432 | +€5,700 | +0.1% |
| Provisions and deferred taxes | 16 | €850 | €850 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €850 | €850 | = | 0.0% |
| Other liabilities and charges | 164/5 | €850 | €850 | = | 0.0% |
| Amounts payable | 17/49 | €388,735 | €259,486 | -€129,248 | -33.2% |
| Amounts payable after more than one year | 17 | €387,780 | €258,520 | -€129,260 | -33.3% |
| Other amounts payable | 178/9 | €387,780 | €258,520 | -€129,260 | -33.3% |
| Amounts payable within one year | 42/48 | €913 | €924 | +€12 | +1.3% |
| Trade debts | 44 | €913 | €924 | +€12 | +1.3% |
| Suppliers | 440/4 | €913 | €924 | +€12 | +1.3% |
| Accrued charges and deferred income | 492/3 | €42 | €42 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | €0 | = | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€998 | -€1,012 | -€14 | -1.4% |
| Operating profit (loss) | 9901 | -€1,965 | -€2,010 | -€45 | -2.3% |
| Financial income | 75/76B | €18,854 | €8,102 | -€10,751 | -57.0% |
| Recurring financial income | 75 | €18,854 | €8,102 | -€10,751 | -57.0% |
| Financial charges | 65/66B | €42 | €42 | = | 0.0% |
| Recurring financial charges | 65 | €42 | €42 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €16,846 | €6,050 | -€10,797 | -64.1% |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | €16,846 | €6,050 | -€10,797 | -64.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,846 | €6,050 | -€10,797 | -64.1% |
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 4 October 2026 via checked.be.