Hillow: 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.
Hillow
Largest movements
- Cash -€2,048
down €2,048 (-71.1%), from €2,882 to €834
mainly Net result for the year (-€3,088) and Receivables within one year (-€523)
- Receivables within one year +€523
up €523 (+45.4%), from €1,152 to €1,675
- Formation expenses -€510
down €510 (-30.5%), from €1,672 to €1,162
- Profit (loss) carried forward -€3,088
down €3,088 (-23.4%), from -€13,221 to -€16,309
- Other debts +€1,053
up €1,053 (+11.8%), from €8,928 to €9,981
- Gross operating margin -€870
down €870 (-54.4%), from -€1,600 to -€2,470
- Other operating charges -€161
down €161 (-71.1%), from €227 to €66
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 | €5,707 | €3,672 | -€2,035 | -35.7% |
| Formation expenses | 20 | €1,672 | €1,162 | -€510 | -30.5% |
| Current assets | 29/58 | €4,035 | €2,510 | -€1,525 | -37.8% |
| Amounts receivable within one year | 40/41 | €1,152 | €1,675 | +€523 | +45.4% |
| Other amounts receivable | 41 | €1,152 | €1,675 | +€523 | +45.4% |
| Cash at bank and in hand | 54/58 | €2,882 | €834 | -€2,048 | -71.1% |
| Total equity and liabilities | 10/49 | €5,707 | €3,672 | -€2,035 | -35.7% |
| Equity | 10/15 | -€3,221 | -€6,309 | -€3,088 | -95.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,221 | -€16,309 | -€3,088 | -23.4% |
| Amounts payable | 17/49 | €8,928 | €9,981 | +€1,053 | +11.8% |
| Amounts payable within one year | 42/48 | €8,928 | €9,981 | +€1,053 | +11.8% |
| Other amounts payable | 47/48 | €8,928 | €9,981 | +€1,053 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €510 | €510 | = | 0.0% |
| Other operating charges | 640/8 | €227 | €66 | -€161 | -71.1% |
| Gross operating margin | 9900 | -€1,600 | -€2,470 | -€870 | -54.4% |
| Operating profit (loss) | 9901 | -€2,337 | -€3,046 | -€709 | -30.3% |
| Financial charges | 65/66B | €35 | €42 | +€7 | +20.0% |
| Recurring financial charges | 65 | €35 | €42 | +€7 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,372 | -€3,088 | -€716 | -30.2% |
| Profit (loss) for the period | 9904 | -€2,372 | -€3,088 | -€716 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,372 | -€3,088 | -€716 | -30.2% |
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 9 October 2026 via checked.be.