HILLSOFT: 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.
HILLSOFT
Largest movements
- Cash +€23,120
up €23,120 (+56.0%), from €41,321 to €64,440
mainly Net result for the year (+€46,957) and Receivables within one year (+€22,305)
- Receivables within one year -€22,305
down €22,305 (-21.9%), from €101,912 to €79,606
of which Other amounts receivable: -€38,440
- Tangible fixed assets -€10,462
down €10,462 (-12.1%), from €86,609 to €76,146
of which Land and buildings: -€8,432
- Reserves -€28,094
down €28,094 (-15.1%), from €186,142 to €158,048
- Tax, wage and social debts +€13,978
new in 2025: €13,978
of which Taxes: +€10,904
- Debts after one year -€10,267
down €10,267 (-40.0%), from €25,666 to €15,399
- Other debts +€9,495
new in 2025: €9,495
- Gross operating margin +€39,515
up €39,515 (+87.2%), from €45,335 to €84,850
- Taxes +€8,680
up €8,680 (+88.1%), from €9,849 to €18,529
- Depreciation +€2,351
up €2,351 (+18.0%), from €13,084 to €15,434
- Financial charges +€1,309
up €1,309 (+84.2%), from €1,555 to €2,863
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 | €237,725 | €224,985 | -€12,740 | -5.4% |
| Fixed assets | 21/28 | €86,709 | €76,246 | -€10,462 | -12.1% |
| Tangible fixed assets | 22/27 | €86,609 | €76,146 | -€10,462 | -12.1% |
| Land and buildings | 22 | €77,439 | €69,008 | -€8,432 | -10.9% |
| Plant, machinery and equipment | 23 | €9,169 | €6,253 | -€2,916 | -31.8% |
| Furniture and vehicles | 24 | - | €885 | +€885 | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €151,017 | €148,739 | -€2,278 | -1.5% |
| Amounts receivable after more than one year | 29 | €4,229 | €2,623 | -€1,606 | -38.0% |
| Other amounts receivable | 291 | €4,229 | €2,623 | -€1,606 | -38.0% |
| Amounts receivable within one year | 40/41 | €101,912 | €79,606 | -€22,305 | -21.9% |
| Trade receivables | 40 | €58,515 | €74,650 | +€16,135 | +27.6% |
| Other amounts receivable | 41 | €43,397 | €4,957 | -€38,440 | -88.6% |
| Cash at bank and in hand | 54/58 | €41,321 | €64,440 | +€23,120 | +56.0% |
| Deferred charges and accrued income | 490/1 | €3,555 | €2,069 | -€1,486 | -41.8% |
| Total equity and liabilities | 10/49 | €237,725 | €224,985 | -€12,740 | -5.4% |
| Equity | 10/15 | €192,342 | €164,248 | -€28,094 | -14.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €186,142 | €158,048 | -€28,094 | -15.1% |
| Distributable reserves | 133 | €186,142 | €158,048 | -€28,094 | -15.1% |
| Amounts payable | 17/49 | €45,383 | €60,737 | +€15,354 | +33.8% |
| Amounts payable after more than one year | 17 | €25,666 | €15,399 | -€10,267 | -40.0% |
| Financial debts | 170/4 | €25,666 | €15,399 | -€10,267 | -40.0% |
| Amounts payable within one year | 42/48 | €19,652 | €45,271 | +€25,620 | +130% |
| Current portion of amounts payable after more than one year | 42 | €10,267 | €10,267 | = | 0.0% |
| Trade debts | 44 | €9,385 | €11,531 | +€2,147 | +22.9% |
| Suppliers | 440/4 | €9,385 | €11,531 | +€2,147 | +22.9% |
| Taxes, remuneration and social security | 45 | - | €13,978 | +€13,978 | |
| Taxes | 450/3 | - | €10,904 | +€10,904 | |
| Remuneration and social security | 454/9 | - | €3,074 | +€3,074 | |
| Other amounts payable | 47/48 | - | €9,495 | +€9,495 | |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,084 | €15,434 | +€2,351 | +18.0% |
| Other operating charges | 640/8 | €1,010 | €1,221 | +€211 | +20.9% |
| Gross operating margin | 9900 | €45,335 | €84,850 | +€39,515 | +87.2% |
| Operating profit (loss) | 9901 | €31,241 | €68,195 | +€36,953 | +118% |
| Financial income | 75/76B | €160 | €154 | -€6 | -3.9% |
| Recurring financial income | 75 | €160 | €154 | -€6 | -3.9% |
| Financial charges | 65/66B | €1,555 | €2,863 | +€1,309 | +84.2% |
| Recurring financial charges | 65 | €1,555 | €2,863 | +€1,309 | +84.2% |
| Profit (loss) for the period before taxes | 9903 | €29,847 | €65,485 | +€35,638 | +119% |
| Income taxes | 67/77 | €9,849 | €18,529 | +€8,680 | +88.1% |
| Profit (loss) for the period | 9904 | €19,998 | €46,957 | +€26,958 | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €19,998 | €46,957 | +€26,958 | +135% |
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 18 October 2026 via checked.be.