HILLU: 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.
HILLU
Largest movements
- Receivables within one year -€44,821
down €44,821 (-13.9%), from €321,947 to €277,126
of which Other amounts receivable: -€43,072
- Profit (loss) carried forward -€47,845
down €47,845 (-11.7%), from -€409,751 to -€457,596
- Other debts +€45,452
up €45,452 (+23.4%), from €194,646 to €240,098
- Debts after one year -€35,575
down €35,575 (-7.5%), from €474,638 to €439,063
- Accrued charges and deferred income -€8,523
down €8,523 (-85.7%), from €9,951 to €1,428
- Gross operating margin -€74,660
down €74,660 (-47.8%), from €156,319 to €81,660
- Depreciation -€20,136
down €20,136 (-50.0%), from €40,232 to €20,096
- Financial charges +€14,644
up €14,644 (+122.9%), from €11,919 to €26,563
of which Financial charges: +€13,894
- Staff costs -€14,338
down €14,338 (-14.3%), from €100,390 to €86,052
- Financial income -€1,644
down €1,644 (-15.7%), from €10,453 to €8,809
of which Financial income: -€2,465
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 | €770,996 | €726,875 | -€44,121 | -5.7% |
| Fixed assets | 21/28 | €441,072 | €435,181 | -€5,891 | -1.3% |
| Intangible fixed assets | 21 | €1,679 | €114 | -€1,565 | -93.2% |
| Tangible fixed assets | 22/27 | €436,333 | €432,756 | -€3,576 | -0.8% |
| Land and buildings | 22 | €420,351 | €403,251 | -€17,100 | -4.1% |
| Plant, machinery and equipment | 23 | €5,045 | - | -€5,045 | |
| Furniture and vehicles | 24 | €2,923 | €21,970 | +€19,048 | +651.7% |
| Other tangible fixed assets | 26 | €8,013 | €7,535 | -€479 | -6.0% |
| Financial fixed assets | 28 | €3,060 | €2,310 | -€750 | -24.5% |
| Current assets | 29/58 | €329,924 | €291,694 | -€38,230 | -11.6% |
| Amounts receivable within one year | 40/41 | €321,947 | €277,126 | -€44,821 | -13.9% |
| Trade receivables | 40 | €64,806 | €63,057 | -€1,749 | -2.7% |
| Other amounts receivable | 41 | €257,141 | €214,069 | -€43,072 | -16.8% |
| Cash at bank and in hand | 54/58 | €3,403 | €8,533 | +€5,130 | +150.7% |
| Deferred charges and accrued income | 490/1 | €4,573 | €6,034 | +€1,461 | +31.9% |
| Total equity and liabilities | 10/49 | €770,996 | €726,875 | -€44,121 | -5.7% |
| Equity | 10/15 | €8,249 | -€39,596 | -€47,845 | |
| Contributions | 10/11 | €418,000 | €418,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€409,751 | -€457,596 | -€47,845 | -11.7% |
| Amounts payable | 17/49 | €762,747 | €766,471 | +€3,724 | +0.5% |
| Amounts payable after more than one year | 17 | €474,638 | €439,063 | -€35,575 | -7.5% |
| Financial debts | 170/4 | €474,638 | €439,063 | -€35,575 | -7.5% |
| Amounts payable within one year | 42/48 | €278,158 | €325,981 | +€47,823 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €37,025 | €37,956 | +€931 | +2.5% |
| Trade debts | 44 | €20,526 | €23,505 | +€2,978 | +14.5% |
| Suppliers | 440/4 | €20,526 | €23,505 | +€2,978 | +14.5% |
| Taxes, remuneration and social security | 45 | €25,961 | €24,422 | -€1,539 | -5.9% |
| Taxes | 450/3 | €8,843 | €12,498 | +€3,656 | +41.3% |
| Remuneration and social security | 454/9 | €17,118 | €11,924 | -€5,194 | -30.3% |
| Other amounts payable | 47/48 | €194,646 | €240,098 | +€45,452 | +23.4% |
| Accrued charges and deferred income | 492/3 | €9,951 | €1,428 | -€8,523 | -85.7% |
| Non-recurring operating income | 76A | €74,964 | €24,955 | -€50,009 | -66.7% |
| Remuneration, social security and pensions | 62 | €100,390 | €86,052 | -€14,338 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,232 | €20,096 | -€20,136 | -50.0% |
| Other operating charges | 640/8 | €5,455 | €5,250 | -€205 | -3.8% |
| Non-recurring operating charges | 66A | €32,311 | - | -€32,311 | |
| Gross operating margin | 9900 | €156,319 | €81,660 | -€74,660 | -47.8% |
| Operating profit (loss) | 9901 | -€22,069 | -€29,739 | -€7,670 | -34.8% |
| Financial income | 75/76B | €10,453 | €8,809 | -€1,644 | -15.7% |
| Recurring financial income | 75 | €10,453 | €7,989 | -€2,465 | -23.6% |
| Non-recurring financial income | 76B | - | €821 | +€821 | |
| Financial charges | 65/66B | €11,919 | €26,563 | +€14,644 | +122.9% |
| Recurring financial charges | 65 | €11,919 | €25,813 | +€13,894 | +116.6% |
| Non-recurring financial charges | 66B | - | €750 | +€750 | |
| Profit (loss) for the period before taxes | 9903 | -€23,535 | -€47,493 | -€23,958 | -101.8% |
| Income taxes | 67/77 | €610 | €352 | -€258 | -42.3% |
| Profit (loss) for the period | 9904 | -€24,145 | -€47,845 | -€23,700 | -98.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,145 | -€47,845 | -€23,700 | -98.2% |
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 8 October 2026 via checked.be.