HILLUCO: 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.
HILLUCO
Largest movements
- Current investments -€416,896
down €416,896 (-82.0%), from €508,199 to €91,303
- Receivables within one year +€264,057
up €264,057 (+19.4%), from €1.4m to €1.6m
of which Other amounts receivable: +€322,180
- Cash +€258,431
up €258,431 (+718%), from €36,014 to €294,445
mainly Current investments (+€416,896) and Depreciation (+€191,376)
- Tangible fixed assets -€181,429
down €181,429 (-4.0%), from €4.5m to €4.3m
of which Land and buildings: -€160,791
- Debts after one year -€189,291
down €189,291 (-21.0%), from €901,356 to €712,064
- Profit (loss) carried forward +€120,446
up €120,446, from -€120,446 to €0
- Financial charges +€330,849
up €330,849, from -€152,309 to €178,540
- Depreciation -€134,496
down €134,496 (-41.3%), from €325,872 to €191,376
- Gross operating margin -€100,039
down €100,039 (-19.4%), from €515,082 to €415,043
- Other operating charges -€41,758
down €41,758 (-59.4%), from €70,351 to €28,593
- Taxes +€27,616
up €27,616 (+90.4%), from €30,559 to €58,175
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 | €6,428,559 | €6,342,364 | -€86,195 | -1.3% |
| Fixed assets | 21/28 | €4,506,760 | €4,325,331 | -€181,429 | -4.0% |
| Tangible fixed assets | 22/27 | €4,506,060 | €4,324,631 | -€181,429 | -4.0% |
| Land and buildings | 22 | €4,454,602 | €4,293,811 | -€160,791 | -3.6% |
| Plant, machinery and equipment | 23 | - | €1,565 | +€1,565 | |
| Furniture and vehicles | 24 | €51,458 | €29,254 | -€22,204 | -43.1% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €1,921,799 | €2,017,033 | +€95,234 | +5.0% |
| Amounts receivable within one year | 40/41 | €1,359,112 | €1,623,168 | +€264,057 | +19.4% |
| Trade receivables | 40 | €135,580 | €77,456 | -€58,124 | -42.9% |
| Other amounts receivable | 41 | €1,223,532 | €1,545,712 | +€322,180 | +26.3% |
| Current investments | 50/53 | €508,199 | €91,303 | -€416,896 | -82.0% |
| Cash at bank and in hand | 54/58 | €36,014 | €294,445 | +€258,431 | +718% |
| Deferred charges and accrued income | 490/1 | €18,475 | €8,117 | -€10,357 | -56.1% |
| Total equity and liabilities | 10/49 | €6,428,559 | €6,342,364 | -€86,195 | -1.3% |
| Equity | 10/15 | €3,636,951 | €3,725,375 | +€88,423 | +2.4% |
| Contributions | 10/11 | €1,274,056 | €1,274,056 | = | 0.0% |
| Reserves | 13 | €2,483,342 | €2,451,319 | -€32,023 | -1.3% |
| Tax-exempt reserves | 132 | €226,875 | €215,588 | -€11,286 | -5.0% |
| Distributable reserves | 133 | €2,256,467 | €2,235,731 | -€20,736 | -0.9% |
| Profit (loss) carried forward | 14 | -€120,446 | €0 | +€120,446 | |
| Provisions and deferred taxes | 16 | €78,697 | €74,782 | -€3,915 | -5.0% |
| Deferred taxes | 168 | €78,697 | €74,782 | -€3,915 | -5.0% |
| Amounts payable | 17/49 | €2,712,911 | €2,542,207 | -€170,703 | -6.3% |
| Amounts payable after more than one year | 17 | €901,356 | €712,064 | -€189,291 | -21.0% |
| Financial debts | 170/4 | €901,356 | €712,064 | -€189,291 | -21.0% |
| Amounts payable within one year | 42/48 | €1,809,675 | €1,828,826 | +€19,151 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €204,611 | €189,291 | -€15,320 | -7.5% |
| Financial debts | 43 | €1,518,467 | €1,523,479 | +€5,012 | +0.3% |
| Credit institutions | 430/8 | €1,518,467 | €1,523,479 | +€5,012 | +0.3% |
| Trade debts | 44 | €15,443 | €5,096 | -€10,348 | -67.0% |
| Suppliers | 440/4 | €15,443 | €5,096 | -€10,348 | -67.0% |
| Taxes, remuneration and social security | 45 | €5,156 | €28,555 | +€23,400 | +454% |
| Taxes | 450/3 | €537 | €19,315 | +€18,779 | +3,500% |
| Remuneration and social security | 454/9 | €4,619 | €9,240 | +€4,621 | +100% |
| Other amounts payable | 47/48 | €65,998 | €82,405 | +€16,407 | +24.9% |
| Accrued charges and deferred income | 492/3 | €1,880 | €1,317 | -€563 | -29.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €325,872 | €191,376 | -€134,496 | -41.3% |
| Other operating charges | 640/8 | €70,351 | €28,593 | -€41,758 | -59.4% |
| Gross operating margin | 9900 | €515,082 | €415,043 | -€100,039 | -19.4% |
| Operating profit (loss) | 9901 | €118,860 | €195,074 | +€76,214 | +64.1% |
| Financial income | 75/76B | €101,419 | €126,149 | +€24,730 | +24.4% |
| Recurring financial income | 75 | €101,419 | €126,149 | +€24,730 | +24.4% |
| Financial charges | 65/66B | -€152,309 | €178,540 | +€330,849 | |
| Recurring financial charges | 65 | -€152,309 | €178,540 | +€330,849 | |
| Profit (loss) for the period before taxes | 9903 | €372,589 | €142,683 | -€229,905 | -61.7% |
| Transfer from deferred taxes | 780 | €3,915 | €3,915 | = | 0.0% |
| Income taxes | 67/77 | €30,559 | €58,175 | +€27,616 | +90.4% |
| Profit (loss) for the period | 9904 | €345,945 | €88,423 | -€257,521 | -74.4% |
| Transfer from tax-exempt reserves | 789 | €11,286 | €11,286 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €357,231 | €99,710 | -€257,521 | -72.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.