Hills 13: 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.
Hills 13
Largest movements
- Cash +€115,385
up €115,385 (+3,454%), from €3,341 to €118,726
mainly Net result for the year (+€73,595) and Other debts (+€44,518)
- Tangible fixed assets +€40,612
up €40,612 (+102%), from €39,704 to €80,316
of which Furniture and vehicles: +€39,535
- Receivables within one year -€21,961
down €21,961 (-41.6%), from €52,745 to €30,784
of which Trade receivables: -€22,026
- Profit (loss) carried forward +€73,595
up €73,595 (+382%), from €19,262 to €92,857
- Other debts +€44,518
up €44,518 (+214%), from €20,830 to €65,348
- Tax, wage and social debts +€24,298
up €24,298 (+131%), from €18,527 to €42,825
- Debts after one year -€11,979
down €11,979 (-50.9%), from €23,548 to €11,569
- Trade debts +€4,021
up €4,021 (+149%), from €2,693 to €6,714
- Gross operating margin +€85,626
up €85,626 (+260%), from €32,943 to €118,569
- Taxes +€17,430
up €17,430 (+351%), from €4,963 to €22,393
- Depreciation +€9,379
up €9,379 (+91.1%), from €10,300 to €19,679
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 | €99,204 | €234,292 | +€135,089 | +136% |
| Fixed assets | 21/28 | €39,704 | €80,316 | +€40,612 | +102% |
| Tangible fixed assets | 22/27 | €39,704 | €80,316 | +€40,612 | +102% |
| Furniture and vehicles | 24 | €39,704 | €79,239 | +€39,535 | +99.6% |
| Other tangible fixed assets | 26 | - | €1,077 | +€1,077 | |
| Current assets | 29/58 | €59,499 | €153,976 | +€94,476 | +159% |
| Amounts receivable within one year | 40/41 | €52,745 | €30,784 | -€21,961 | -41.6% |
| Trade receivables | 40 | €52,745 | €30,719 | -€22,026 | -41.8% |
| Other amounts receivable | 41 | - | €65 | +€65 | |
| Cash at bank and in hand | 54/58 | €3,341 | €118,726 | +€115,385 | +3,454% |
| Deferred charges and accrued income | 490/1 | €3,414 | €4,466 | +€1,052 | +30.8% |
| Total equity and liabilities | 10/49 | €99,204 | €234,292 | +€135,089 | +136% |
| Equity | 10/15 | €22,262 | €95,857 | +€73,595 | +331% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,262 | €92,857 | +€73,595 | +382% |
| Amounts payable | 17/49 | €76,942 | €138,436 | +€61,494 | +79.9% |
| Amounts payable after more than one year | 17 | €23,548 | €11,569 | -€11,979 | -50.9% |
| Financial debts | 170/4 | €23,548 | €11,569 | -€11,979 | -50.9% |
| Amounts payable within one year | 42/48 | €53,393 | €126,866 | +€73,473 | +138% |
| Current portion of amounts payable after more than one year | 42 | €11,344 | €11,979 | +€635 | +5.6% |
| Trade debts | 44 | €2,693 | €6,714 | +€4,021 | +149% |
| Suppliers | 440/4 | €2,693 | €6,714 | +€4,021 | +149% |
| Taxes, remuneration and social security | 45 | €18,527 | €42,825 | +€24,298 | +131% |
| Taxes | 450/3 | €18,527 | €42,825 | +€24,298 | +131% |
| Other amounts payable | 47/48 | €20,830 | €65,348 | +€44,518 | +214% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,300 | €19,679 | +€9,379 | +91.1% |
| Other operating charges | 640/8 | €794 | €1,007 | +€214 | +26.9% |
| Gross operating margin | 9900 | €32,943 | €118,569 | +€85,626 | +260% |
| Operating profit (loss) | 9901 | €21,849 | €97,882 | +€76,034 | +348% |
| Financial income | 75/76B | €9 | €1 | -€8 | -91.1% |
| Recurring financial income | 75 | €9 | €1 | -€8 | -91.1% |
| Financial charges | 65/66B | €2,418 | €1,896 | -€522 | -21.6% |
| Recurring financial charges | 65 | €2,418 | €1,896 | -€522 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €19,440 | €95,987 | +€76,547 | +394% |
| Income taxes | 67/77 | €4,963 | €22,393 | +€17,430 | +351% |
| Profit (loss) for the period | 9904 | €14,477 | €73,595 | +€59,117 | +408% |
| Profit (loss) for the period to be appropriated | 9905 | €14,477 | €73,595 | +€59,117 | +408% |
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 1 November 2026 via checked.be.