Hill Ventures: 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.
Hill Ventures
Largest movements
- Receivables within one year +€26,382
up €26,382 (+22.0%), from €119,672 to €146,054
of which Other amounts receivable: +€23,206
- Tangible fixed assets -€6,641
down €6,641 (-23.1%), from €28,779 to €22,138
of which Other tangible fixed assets: -€4,101
- Cash -€6,110
down €6,110 (-8.8%), from €69,055 to €62,945
mainly Other debts (-€59,500) and Receivables within one year (-€26,382)
- Deferred charges and accrued income -€3,131
down €3,131 (-86.9%), from €3,603 to €472
- Profit (loss) carried forward +€78,286
up €78,286 (+67.8%), from €115,415 to €193,701
- Other debts -€59,500
no longer reported in 2025 (was €59,500)
- Trade debts -€4,624
down €4,624 (-67.0%), from €6,901 to €2,277
- Tax, wage and social debts -€3,662
down €3,662 (-19.4%), from €18,888 to €15,226
- Gross operating margin +€30,463
up €30,463 (+40.7%), from €74,760 to €105,223
- Taxes +€6,241
up €6,241 (+41.5%), from €15,021 to €21,262
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 | €221,109 | €231,609 | +€10,500 | +4.7% |
| Fixed assets | 21/28 | €28,779 | €22,138 | -€6,641 | -23.1% |
| Tangible fixed assets | 22/27 | €28,779 | €22,138 | -€6,641 | -23.1% |
| Plant, machinery and equipment | 23 | €10,829 | €8,329 | -€2,500 | -23.1% |
| Furniture and vehicles | 24 | €1,979 | €1,939 | -€40 | -2.0% |
| Other tangible fixed assets | 26 | €15,971 | €11,870 | -€4,101 | -25.7% |
| Current assets | 29/58 | €192,330 | €209,471 | +€17,141 | +8.9% |
| Amounts receivable within one year | 40/41 | €119,672 | €146,054 | +€26,382 | +22.0% |
| Trade receivables | 40 | €15,246 | €18,422 | +€3,176 | +20.8% |
| Other amounts receivable | 41 | €104,426 | €127,632 | +€23,206 | +22.2% |
| Cash at bank and in hand | 54/58 | €69,055 | €62,945 | -€6,110 | -8.8% |
| Deferred charges and accrued income | 490/1 | €3,603 | €472 | -€3,131 | -86.9% |
| Total equity and liabilities | 10/49 | €221,109 | €231,609 | +€10,500 | +4.7% |
| Equity | 10/15 | €135,820 | €214,106 | +€78,286 | +57.6% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,415 | €193,701 | +€78,286 | +67.8% |
| Amounts payable | 17/49 | €85,289 | €17,503 | -€67,786 | -79.5% |
| Amounts payable within one year | 42/48 | €85,289 | €17,503 | -€67,786 | -79.5% |
| Trade debts | 44 | €6,901 | €2,277 | -€4,624 | -67.0% |
| Suppliers | 440/4 | €6,901 | €2,277 | -€4,624 | -67.0% |
| Taxes, remuneration and social security | 45 | €18,888 | €15,226 | -€3,662 | -19.4% |
| Taxes | 450/3 | €18,888 | €15,226 | -€3,662 | -19.4% |
| Other amounts payable | 47/48 | €59,500 | - | -€59,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,148 | €7,534 | +€386 | +5.4% |
| Other operating charges | 640/8 | €1,906 | €1,028 | -€878 | -46.1% |
| Gross operating margin | 9900 | €74,760 | €105,223 | +€30,463 | +40.7% |
| Operating profit (loss) | 9901 | €65,706 | €96,661 | +€30,955 | +47.1% |
| Financial income | 75/76B | €3,102 | €3,781 | +€679 | +21.9% |
| Recurring financial income | 75 | €3,102 | €3,781 | +€679 | +21.9% |
| Financial charges | 65/66B | €1,410 | €894 | -€516 | -36.6% |
| Recurring financial charges | 65 | €1,410 | €894 | -€516 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €67,398 | €99,548 | +€32,150 | +47.7% |
| Income taxes | 67/77 | €15,021 | €21,262 | +€6,241 | +41.5% |
| Profit (loss) for the period | 9904 | €52,377 | €78,286 | +€25,909 | +49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,377 | €78,286 | +€25,909 | +49.5% |
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 20 October 2026 via checked.be.