HILLEWAERT C.M.E.: 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.
HILLEWAERT C.M.E.
Largest movements
- Receivables after one year -€43,000
down €43,000 (-33.0%), from €130,500 to €87,500
- Receivables within one year +€6,361
up €6,361 (+19.3%), from €32,940 to €39,302
- Cash -€5,229
down €5,229 (-23.5%), from €22,222 to €16,993
mainly Contributions, distributions and other (-€60,173) and Receivables within one year (-€6,361)
- Tangible fixed assets -€4,994
down €4,994 (-24.0%), from €20,785 to €15,791
of which Other tangible fixed assets: -€2,594
- Reserves -€51,446
down €51,446 (-48.4%), from €106,388 to €54,942
of which Distributable reserves: -€45,866
- Other debts +€14,519
up €14,519 (+34.5%), from €42,055 to €56,574
- Current portion of long-term debt -€5,145
down €5,145 (-30.9%), from €16,646 to €11,501
- Debts after one year -€2,435
down €2,435 (-33.3%), from €7,306 to €4,871
- Financial charges +€28,996
up €28,996 (+1015.3%), from €2,856 to €31,852
- Depreciation -€7,554
down €7,554 (-60.2%), from €12,548 to €4,994
- Taxes -€5,628
down €5,628 (-58.2%), from €9,672 to €4,044
- Gross operating margin +€3,646
up €3,646 (+9.0%), from €40,691 to €44,337
- Financial income +€748
up €748 (+15.2%), from €4,934 to €5,682
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 | €207,641 | €162,254 | -€45,387 | -21.9% |
| Fixed assets | 21/28 | €20,914 | €15,920 | -€4,994 | -23.9% |
| Tangible fixed assets | 22/27 | €20,785 | €15,791 | -€4,994 | -24.0% |
| Plant, machinery and equipment | 23 | €4,025 | €1,625 | -€2,400 | -59.6% |
| Other tangible fixed assets | 26 | €16,759 | €14,165 | -€2,594 | -15.5% |
| Financial fixed assets | 28 | €129 | €129 | = | 0.0% |
| Current assets | 29/58 | €186,727 | €146,334 | -€40,393 | -21.6% |
| Amounts receivable after more than one year | 29 | €130,500 | €87,500 | -€43,000 | -33.0% |
| Other amounts receivable | 291 | €130,500 | €87,500 | -€43,000 | -33.0% |
| Amounts receivable within one year | 40/41 | €32,940 | €39,302 | +€6,361 | +19.3% |
| Other amounts receivable | 41 | €32,940 | €39,302 | +€6,361 | +19.3% |
| Cash at bank and in hand | 54/58 | €22,222 | €16,993 | -€5,229 | -23.5% |
| Deferred charges and accrued income | 490/1 | €1,065 | €2,540 | +€1,475 | +138.5% |
| Total equity and liabilities | 10/49 | €207,641 | €162,254 | -€45,387 | -21.9% |
| Equity | 10/15 | €120,028 | €68,582 | -€51,446 | -42.9% |
| Contributions | 10/11 | €13,640 | €13,640 | = | 0.0% |
| Reserves | 13 | €106,388 | €54,942 | -€51,446 | -48.4% |
| Non-distributable reserves | 130/1 | €5,580 | - | -€5,580 | |
| Reserves not available under the articles | 1311 | €5,580 | - | -€5,580 | |
| Distributable reserves | 133 | €100,808 | €54,942 | -€45,866 | -45.5% |
| Provisions and deferred taxes | 16 | €13,113 | €13,113 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €13,113 | €13,113 | = | 0.0% |
| Pensions and similar obligations | 160 | €13,113 | €13,113 | = | 0.0% |
| Amounts payable | 17/49 | €74,500 | €80,558 | +€6,059 | +8.1% |
| Amounts payable after more than one year | 17 | €7,306 | €4,871 | -€2,435 | -33.3% |
| Financial debts | 170/4 | €7,306 | €4,871 | -€2,435 | -33.3% |
| Amounts payable within one year | 42/48 | €67,194 | €75,688 | +€8,494 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €16,646 | €11,501 | -€5,145 | -30.9% |
| Trade debts | 44 | €1,395 | €505 | -€891 | -63.8% |
| Suppliers | 440/4 | €1,395 | €505 | -€891 | -63.8% |
| Taxes, remuneration and social security | 45 | €7,098 | €7,109 | +€10 | +0.1% |
| Taxes | 450/3 | €7,098 | €7,109 | +€10 | +0.1% |
| Other amounts payable | 47/48 | €42,055 | €56,574 | +€14,519 | +34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,548 | €4,994 | -€7,554 | -60.2% |
| Other operating charges | 640/8 | €35 | €402 | +€367 | +1047.1% |
| Gross operating margin | 9900 | €40,691 | €44,337 | +€3,646 | +9.0% |
| Operating profit (loss) | 9901 | €28,108 | €38,941 | +€10,834 | +38.5% |
| Financial income | 75/76B | €4,934 | €5,682 | +€748 | +15.2% |
| Recurring financial income | 75 | €4,934 | €5,682 | +€748 | +15.2% |
| Financial charges | 65/66B | €2,856 | €31,852 | +€28,996 | +1015.3% |
| Recurring financial charges | 65 | €2,856 | €31,852 | +€28,996 | +1015.3% |
| Profit (loss) for the period before taxes | 9903 | €30,185 | €12,772 | -€17,414 | -57.7% |
| Income taxes | 67/77 | €9,672 | €4,044 | -€5,628 | -58.2% |
| Profit (loss) for the period | 9904 | €20,514 | €8,728 | -€11,786 | -57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,514 | €8,728 | -€11,786 | -57.5% |
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 10 October 2026 via checked.be.