HILLGREEN: what changed
Two fiscal 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.
HILLGREEN
Largest movements
- Receivables within one year +€93,107
up €93,107 (+284.4%), from €32,737 to €125,843
of which Trade receivables: +€91,839
- Tangible fixed assets +€38,101
up €38,101 (+40.5%), from €94,011 to €132,112
of which Furniture and vehicles: +€22,883
- Cash +€25,640
up €25,640 (+26.9%), from €95,167 to €120,807
mainly Net result for the year (+€220,052) and Depreciation (+€27,858)
- Reserves +€187,341
up €187,341 (+139.7%), from €134,146 to €321,486
- Other debts -€42,792
down €42,792 (-96.6%), from €44,311 to €1,518
- Tax, wage and social debts +€15,836
up €15,836 (+52.4%), from €30,204 to €46,041
of which Taxes: +€17,899
- Gross operating margin +€267,190
up €267,190 (+311.9%), from €85,653 to €352,843
- Taxes +€79,564
up €79,564 (+324.2%), from €24,542 to €104,106
- Depreciation +€15,790
up €15,790 (+130.8%), from €12,068 to €27,858
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 | €224,566 | €382,124 | +€157,558 | +70.2% |
| Fixed assets | 21/28 | €94,161 | €132,262 | +€38,101 | +40.5% |
| Tangible fixed assets | 22/27 | €94,011 | €132,112 | +€38,101 | +40.5% |
| Plant, machinery and equipment | 23 | €6,344 | €21,562 | +€15,218 | +239.9% |
| Furniture and vehicles | 24 | €87,667 | €110,550 | +€22,883 | +26.1% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €130,405 | €249,862 | +€119,457 | +91.6% |
| Amounts receivable within one year | 40/41 | €32,737 | €125,843 | +€93,107 | +284.4% |
| Trade receivables | 40 | €32,737 | €124,575 | +€91,839 | +280.5% |
| Other amounts receivable | 41 | €0 | €1,268 | +€1,268 | |
| Cash at bank and in hand | 54/58 | €95,167 | €120,807 | +€25,640 | +26.9% |
| Deferred charges and accrued income | 490/1 | €2,501 | €3,211 | +€710 | +28.4% |
| Total equity and liabilities | 10/49 | €224,566 | €382,124 | +€157,558 | +70.2% |
| Equity | 10/15 | €146,746 | €334,086 | +€187,341 | +127.7% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €134,146 | €321,486 | +€187,341 | +139.7% |
| Distributable reserves | 133 | €134,146 | €321,486 | +€187,341 | +139.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €77,821 | €48,037 | -€29,783 | -38.3% |
| Amounts payable within one year | 42/48 | €77,821 | €48,037 | -€29,783 | -38.3% |
| Trade debts | 44 | €3,305 | €479 | -€2,827 | -85.5% |
| Suppliers | 440/4 | €3,305 | €479 | -€2,827 | -85.5% |
| Taxes, remuneration and social security | 45 | €30,204 | €46,041 | +€15,836 | +52.4% |
| Taxes | 450/3 | €26,047 | €43,945 | +€17,899 | +68.7% |
| Remuneration and social security | 454/9 | €4,158 | €2,095 | -€2,062 | -49.6% |
| Other amounts payable | 47/48 | €44,311 | €1,518 | -€42,792 | -96.6% |
| Non-recurring operating income | 76A | €83 | €0 | -€83 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,068 | €27,858 | +€15,790 | +130.8% |
| Other operating charges | 640/8 | €987 | €1,269 | +€282 | +28.6% |
| Gross operating margin | 9900 | €85,653 | €352,843 | +€267,190 | +311.9% |
| Operating profit (loss) | 9901 | €72,598 | €323,716 | +€251,118 | +345.9% |
| Financial income | 75/76B | €167 | €536 | +€369 | +220.5% |
| Recurring financial income | 75 | €167 | €536 | +€369 | +220.5% |
| Financial charges | 65/66B | €77 | €94 | +€18 | +22.9% |
| Recurring financial charges | 65 | €77 | €94 | +€18 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | €72,689 | €324,158 | +€251,469 | +346.0% |
| Income taxes | 67/77 | €24,542 | €104,106 | +€79,564 | +324.2% |
| Profit (loss) for the period | 9904 | €48,147 | €220,052 | +€171,905 | +357.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,147 | €220,052 | +€171,905 | +357.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.