Hilja: 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.
Hilja
Largest movements
- Cash +€41,296
up €41,296 (+61.8%), from €66,872 to €108,168
mainly Net result for the year (+€35,510) and Depreciation (+€20,381)
- Tangible fixed assets -€18,725
down €18,725 (-1.2%), from €1.6m to €1.6m
of which Land and buildings: -€18,611
- Profit (loss) carried forward +€35,510
up €35,510 (+20.3%), from -€174,823 to -€139,313
- Other debts -€26,455
down €26,455 (-7.4%), from €358,336 to €331,881
- Gross operating margin +€67,761
up €67,761 (+583%), from €11,623 to €79,384
- Depreciation +€1,092
up €1,092 (+5.7%), from €19,289 to €20,381
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,669,437 | €1,680,688 | +€11,251 | +0.7% |
| Fixed assets | 21/28 | €1,589,096 | €1,570,370 | -€18,725 | -1.2% |
| Tangible fixed assets | 22/27 | €1,589,096 | €1,570,370 | -€18,725 | -1.2% |
| Land and buildings | 22 | €1,586,015 | €1,567,403 | -€18,611 | -1.2% |
| Furniture and vehicles | 24 | €3,081 | €2,967 | -€114 | -3.7% |
| Current assets | 29/58 | €80,341 | €110,317 | +€29,976 | +37.3% |
| Amounts receivable within one year | 40/41 | €13,469 | €1,910 | -€11,559 | -85.8% |
| Trade receivables | 40 | €13,238 | - | -€13,238 | |
| Other amounts receivable | 41 | €232 | €1,910 | +€1,679 | +725% |
| Cash at bank and in hand | 54/58 | €66,872 | €108,168 | +€41,296 | +61.8% |
| Deferred charges and accrued income | 490/1 | - | €239 | +€239 | |
| Total equity and liabilities | 10/49 | €1,669,437 | €1,680,688 | +€11,251 | +0.7% |
| Equity | 10/15 | €1,294,083 | €1,329,593 | +€35,510 | +2.7% |
| Contributions | 10/11 | €1,315,000 | €1,315,000 | = | 0.0% |
| Reserves | 13 | €153,906 | €153,906 | = | 0.0% |
| Distributable reserves | 133 | €153,906 | €153,906 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€174,823 | -€139,313 | +€35,510 | +20.3% |
| Amounts payable | 17/49 | €375,354 | €351,095 | -€24,259 | -6.5% |
| Amounts payable within one year | 42/48 | €375,354 | €341,375 | -€33,979 | -9.1% |
| Trade debts | 44 | €17,019 | €9,494 | -€7,525 | -44.2% |
| Suppliers | 440/4 | €17,019 | €9,494 | -€7,525 | -44.2% |
| Other amounts payable | 47/48 | €358,336 | €331,881 | -€26,455 | -7.4% |
| Accrued charges and deferred income | 492/3 | - | €9,720 | +€9,720 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,289 | €20,381 | +€1,092 | +5.7% |
| Other operating charges | 640/8 | €24,160 | €23,432 | -€728 | -3.0% |
| Gross operating margin | 9900 | €11,623 | €79,384 | +€67,761 | +583% |
| Operating profit (loss) | 9901 | -€31,825 | €35,572 | +€67,397 | |
| Financial income | 75/76B | €409 | €15 | -€395 | -96.4% |
| Recurring financial income | 75 | €409 | €15 | -€395 | -96.4% |
| Financial charges | 65/66B | €73 | €76 | +€3 | +4.3% |
| Recurring financial charges | 65 | €73 | €76 | +€3 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | -€31,489 | €35,510 | +€66,999 | |
| Profit (loss) for the period | 9904 | -€31,489 | €35,510 | +€66,999 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,489 | €35,510 | +€66,999 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.