Hilltown: 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.
Hilltown
Largest movements
- Receivables within one year -€14,430
down €14,430 (-16.4%), from €87,856 to €73,426
- Cash +€13,634
up €13,634 (+64.2%), from €21,228 to €34,862
mainly Receivables within one year (+€14,430) and Net result for the year (+€5,820)
- Trade debts -€10,987
down €10,987 (-22.8%), from €48,238 to €37,251
- Profit (loss) carried forward +€5,820
up €5,820 (+5.9%), from €99,129 to €104,949
- Tax, wage and social debts +€2,707
up €2,707 (+123%), from €2,201 to €4,908
of which Remuneration and social security: +€1,813
- Gross operating margin -€20,356
down €20,356 (-52.5%), from €38,787 to €18,431
- Staff costs +€5,369
up €5,369 (+384%), from €1,399 to €6,768
- Financial charges +€3,813
new in 2024: €3,813
- Other operating charges -€1,464
down €1,464 (-60.8%), from €2,408 to €944
- Taxes +€970
new in 2024: €970
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €174,111 | €171,651 | -€2,460 | -1.4% |
| Fixed assets | 21/28 | €860 | €744 | -€116 | -13.5% |
| Tangible fixed assets | 22/27 | €860 | €744 | -€116 | -13.5% |
| Plant, machinery and equipment | 23 | €860 | €744 | -€116 | -13.5% |
| Current assets | 29/58 | €173,251 | €170,907 | -€2,344 | -1.4% |
| Stocks and contracts in progress | 3 | €64,167 | €62,619 | -€1,548 | -2.4% |
| Stocks | 30/36 | €64,167 | €62,619 | -€1,548 | -2.4% |
| Amounts receivable within one year | 40/41 | €87,856 | €73,426 | -€14,430 | -16.4% |
| Other amounts receivable | 41 | €87,856 | €73,426 | -€14,430 | -16.4% |
| Cash at bank and in hand | 54/58 | €21,228 | €34,862 | +€13,634 | +64.2% |
| Total equity and liabilities | 10/49 | €174,111 | €171,651 | -€2,460 | -1.4% |
| Equity | 10/15 | €123,672 | €129,492 | +€5,820 | +4.7% |
| Contributions | 10/11 | €21,655 | €21,655 | = | 0.0% |
| Capital | 10 | €21,655 | €21,655 | = | 0.0% |
| Issued capital | 100 | €21,655 | €21,655 | = | 0.0% |
| Reserves | 13 | €2,888 | €2,888 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,028 | €1,028 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,129 | €104,949 | +€5,820 | +5.9% |
| Amounts payable | 17/49 | €50,439 | €42,159 | -€8,280 | -16.4% |
| Amounts payable within one year | 42/48 | €50,439 | €42,159 | -€8,280 | -16.4% |
| Trade debts | 44 | €48,238 | €37,251 | -€10,987 | -22.8% |
| Suppliers | 440/4 | €48,238 | €37,251 | -€10,987 | -22.8% |
| Taxes, remuneration and social security | 45 | €2,201 | €4,908 | +€2,707 | +123% |
| Taxes | 450/3 | €2,201 | €3,095 | +€894 | +40.6% |
| Remuneration and social security | 454/9 | - | €1,813 | +€1,813 | |
| Remuneration, social security and pensions | 62 | €1,399 | €6,768 | +€5,369 | +384% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116 | €116 | = | 0.0% |
| Other operating charges | 640/8 | €2,408 | €944 | -€1,464 | -60.8% |
| Gross operating margin | 9900 | €38,787 | €18,431 | -€20,356 | -52.5% |
| Operating profit (loss) | 9901 | €34,864 | €10,603 | -€24,261 | -69.6% |
| Financial charges | 65/66B | - | €3,813 | +€3,813 | |
| Recurring financial charges | 65 | - | €3,813 | +€3,813 | |
| Profit (loss) for the period before taxes | 9903 | €34,864 | €6,790 | -€28,074 | -80.5% |
| Income taxes | 67/77 | - | €970 | +€970 | |
| Profit (loss) for the period | 9904 | €34,864 | €5,820 | -€29,044 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,864 | €5,820 | -€29,044 | -83.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.