Hillcon: 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.
Hillcon
Largest movements
- Cash -€221,311
down €221,311 (-73.1%), from €302,800 to €81,489
mainly Accrued charges and deferred income (-€241,000) and Tax, wage and social debts (-€80,602)
- Deferred charges and accrued income -€34,864
down €34,864 (-93.5%), from €37,300 to €2,436
- Accrued charges and deferred income -€241,000
down €241,000 (-100%), from €241,000 to €0
- Reserves +€102,535
up €102,535 (+192%), from €53,428 to €155,963
- Tax, wage and social debts -€80,602
down €80,602 (-84.7%), from €95,170 to €14,567
- Other debts -€56,168
down €56,168 (-76.9%), from €73,025 to €16,857
- Profit (loss) carried forward +€21,630
up €21,630, from €0 to €21,630
- Gross operating margin +€15,226
up €15,226 (+9.1%), from €166,721 to €181,947
- Taxes +€13,151
up €13,151 (+30.4%), from €43,208 to €56,359
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 | €467,957 | €213,733 | -€254,224 | -54.3% |
| Fixed assets | 21/28 | €5,499 | €4,157 | -€1,342 | -24.4% |
| Tangible fixed assets | 22/27 | €5,499 | €4,157 | -€1,342 | -24.4% |
| Other tangible fixed assets | 26 | €5,499 | €4,157 | -€1,342 | -24.4% |
| Current assets | 29/58 | €462,458 | €209,576 | -€252,882 | -54.7% |
| Amounts receivable after more than one year | 29 | €120,000 | €120,000 | = | 0.0% |
| Other amounts receivable | 291 | €120,000 | €120,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,358 | €5,651 | +€3,293 | +140% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,358 | €5,651 | +€3,293 | +140% |
| Cash at bank and in hand | 54/58 | €302,800 | €81,489 | -€221,311 | -73.1% |
| Deferred charges and accrued income | 490/1 | €37,300 | €2,436 | -€34,864 | -93.5% |
| Total equity and liabilities | 10/49 | €467,957 | €213,733 | -€254,224 | -54.3% |
| Equity | 10/15 | €57,428 | €181,593 | +€124,165 | +216% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €53,428 | €155,963 | +€102,535 | +192% |
| Distributable reserves | 133 | €53,428 | €155,963 | +€102,535 | +192% |
| Profit (loss) carried forward | 14 | €0 | €21,630 | +€21,630 | |
| Amounts payable | 17/49 | €410,529 | €32,140 | -€378,389 | -92.2% |
| Amounts payable within one year | 42/48 | €169,529 | €32,140 | -€137,389 | -81.0% |
| Trade debts | 44 | €1,334 | €715 | -€619 | -46.4% |
| Suppliers | 440/4 | €1,334 | €715 | -€619 | -46.4% |
| Taxes, remuneration and social security | 45 | €95,170 | €14,567 | -€80,602 | -84.7% |
| Taxes | 450/3 | €95,170 | €14,567 | -€80,602 | -84.7% |
| Other amounts payable | 47/48 | €73,025 | €16,857 | -€56,168 | -76.9% |
| Accrued charges and deferred income | 492/3 | €241,000 | €0 | -€241,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,212 | €1,342 | +€130 | +10.7% |
| Other operating charges | 640/8 | €751 | €710 | -€41 | -5.5% |
| Gross operating margin | 9900 | €166,721 | €181,947 | +€15,226 | +9.1% |
| Operating profit (loss) | 9901 | €164,758 | €179,895 | +€15,136 | +9.2% |
| Financial income | 75/76B | €3,309 | €3,144 | -€165 | -5.0% |
| Recurring financial income | 75 | €3,309 | €3,144 | -€165 | -5.0% |
| Financial charges | 65/66B | €842 | €2,515 | +€1,673 | +199% |
| Recurring financial charges | 65 | €842 | €2,515 | +€1,673 | +199% |
| Profit (loss) for the period before taxes | 9903 | €167,225 | €180,524 | +€13,299 | +8.0% |
| Income taxes | 67/77 | €43,208 | €56,359 | +€13,151 | +30.4% |
| Profit (loss) for the period | 9904 | €124,017 | €124,165 | +€148 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €124,017 | €124,165 | +€148 | +0.1% |
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 28 October 2026 via checked.be.