HILLEN PETER: what changed
HILLEN PETER
Largest movements
- Cash +€136,264
up €136,264 (+152%), from €89,821 to €226,085
mainly Current investments (+€108,535) and Stocks and contracts (+€50,261)
- Current investments -€108,535
down €108,535 (-55.8%), from €194,461 to €85,926
- Tangible fixed assets -€51,830
down €51,830 (-36.1%), from €143,486 to €91,656
of which Other tangible fixed assets: -€32,239
- Stocks and contracts -€50,261
down €50,261 (-43.5%), from €115,508 to €65,247
of which Contracts in progress: -€72,481
- Receivables within one year +€34,742
up €34,742 (+80.7%), from €43,071 to €77,813
of which Trade receivables: +€34,264
- Trade debts +€33,444
up €33,444 (+106%), from €31,561 to €65,005
- Debts after one year -€28,974
down €28,974 (-41.0%), from €70,675 to €41,702
- Reserves -€27,599
down €27,599 (-6.7%), from €409,982 to €382,383
- Current portion of long-term debt -€7,309
down €7,309 (-20.1%), from €36,283 to €28,974
- Gross operating margin -€43,638
down €43,638 (-10.9%), from €401,036 to €357,398
- Taxes -€22,740
down €22,740 (-92.0%), from €24,719 to €1,979
- Staff costs +€18,176
up €18,176 (+7.2%), from €253,384 to €271,560
- Depreciation -€7,333
down €7,333 (-13.0%), from €56,278 to €48,945
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €586,347 | €552,284 | -€34,063 | -5.8% |
| Fixed assets | 21/28 | €143,486 | €91,656 | -€51,830 | -36.1% |
| Tangible fixed assets | 22/27 | €143,486 | €91,656 | -€51,830 | -36.1% |
| Plant, machinery and equipment | 23 | €416 | €3,367 | +€2,951 | +709% |
| Furniture and vehicles | 24 | €691 | €464 | -€227 | -32.8% |
| Leasing and similar rights | 25 | €79,340 | €57,026 | -€22,314 | -28.1% |
| Other tangible fixed assets | 26 | €63,039 | €30,800 | -€32,239 | -51.1% |
| Current assets | 29/58 | €442,861 | €460,628 | +€17,766 | +4.0% |
| Stocks and contracts in progress | 3 | €115,508 | €65,247 | -€50,261 | -43.5% |
| Stocks | 30/36 | €19,780 | €42,000 | +€22,220 | +112% |
| Contracts in progress | 37 | €95,728 | €23,247 | -€72,481 | -75.7% |
| Amounts receivable within one year | 40/41 | €43,071 | €77,813 | +€34,742 | +80.7% |
| Trade receivables | 40 | €35,864 | €70,127 | +€34,264 | +95.5% |
| Other amounts receivable | 41 | €7,208 | €7,685 | +€478 | +6.6% |
| Current investments | 50/53 | €194,461 | €85,926 | -€108,535 | -55.8% |
| Cash at bank and in hand | 54/58 | €89,821 | €226,085 | +€136,264 | +152% |
| Deferred charges and accrued income | 490/1 | - | €5,557 | +€5,557 | |
| Total equity and liabilities | 10/49 | €586,347 | €552,284 | -€34,063 | -5.8% |
| Equity | 10/15 | €422,382 | €394,783 | -€27,599 | -6.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €409,982 | €382,383 | -€27,599 | -6.7% |
| Distributable reserves | 133 | €409,982 | €382,383 | -€27,599 | -6.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €163,965 | €157,501 | -€6,464 | -3.9% |
| Amounts payable after more than one year | 17 | €70,675 | €41,702 | -€28,974 | -41.0% |
| Financial debts | 170/4 | €70,675 | €41,702 | -€28,974 | -41.0% |
| Amounts payable within one year | 42/48 | €93,290 | €115,799 | +€22,509 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | €36,283 | €28,974 | -€7,309 | -20.1% |
| Trade debts | 44 | €31,561 | €65,005 | +€33,444 | +106% |
| Suppliers | 440/4 | €31,561 | €65,005 | +€33,444 | +106% |
| Taxes, remuneration and social security | 45 | €20,349 | €17,094 | -€3,255 | -16.0% |
| Taxes | 450/3 | €5,187 | €0 | -€5,187 | -100% |
| Remuneration and social security | 454/9 | €15,162 | €17,094 | +€1,932 | +12.7% |
| Other amounts payable | 47/48 | €5,097 | €4,727 | -€370 | -7.3% |
| Non-recurring operating income | 76A | - | €1,500 | +€1,500 | |
| Remuneration, social security and pensions | 62 | €253,384 | €271,560 | +€18,176 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,278 | €48,945 | -€7,333 | -13.0% |
| Other operating charges | 640/8 | €3,107 | €2,741 | -€365 | -11.8% |
| Non-recurring operating charges | 66A | - | €2,806 | +€2,806 | |
| Gross operating margin | 9900 | €401,036 | €357,398 | -€43,638 | -10.9% |
| Operating profit (loss) | 9901 | €88,267 | €31,345 | -€56,922 | -64.5% |
| Financial income | 75/76B | €236 | €1,494 | +€1,258 | +533% |
| Recurring financial income | 75 | €236 | €1,494 | +€1,258 | +533% |
| Financial charges | 65/66B | €2,111 | €3,290 | +€1,179 | +55.9% |
| Recurring financial charges | 65 | €2,111 | €3,290 | +€1,179 | +55.9% |
| Profit (loss) for the period before taxes | 9903 | €86,392 | €29,549 | -€56,843 | -65.8% |
| Income taxes | 67/77 | €24,719 | €1,979 | -€22,740 | -92.0% |
| Profit (loss) for the period | 9904 | €61,673 | €27,570 | -€34,103 | -55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €61,673 | €27,570 | -€34,103 | -55.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.