HILLVIEW: 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.
HILLVIEW
Largest movements
- Cash +€247,166
up €247,166 (+3803.7%), from €6,498 to €253,664
mainly Net result for the year (+€120,406) and Receivables within one year (+€119,171)
- Receivables within one year -€119,171
down €119,171 (-48.6%), from €245,183 to €126,013
of which Trade receivables: -€111,845
- Tangible fixed assets -€9,057
down €9,057 (-50.9%), from €17,784 to €8,726
of which Furniture and vehicles: -€4,740
- Reserves +€120,406
up €120,406 (+71.7%), from €167,943 to €288,349
- Trade debts -€23,844
no longer reported in 2025 (was €23,844)
- Tax, wage and social debts +€15,787
up €15,787 (+25.4%), from €62,085 to €77,872
of which Taxes: +€8,694
- Short-term financial debts +€15,049
up €15,049, from €0 to €15,049
- Other debts -€4,298
down €4,298 (-72.0%), from €5,971 to €1,673
- Staff costs -€98,850
down €98,850 (-43.9%), from €224,929 to €126,079
- Taxes +€31,482
up €31,482 (+410.2%), from €7,674 to €39,156
- Gross operating margin +€14,552
up €14,552 (+5.1%), from €286,479 to €301,031
- Other operating charges -€6,049
down €6,049 (-88.6%), from €6,824 to €775
- Financial charges -€3,271
down €3,271 (-44.9%), from €7,289 to €4,018
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 | €276,263 | €396,687 | +€120,424 | +43.6% |
| Fixed assets | 21/28 | €17,784 | €8,726 | -€9,057 | -50.9% |
| Tangible fixed assets | 22/27 | €17,784 | €8,726 | -€9,057 | -50.9% |
| Plant, machinery and equipment | 23 | €1,799 | €1,097 | -€702 | -39.0% |
| Furniture and vehicles | 24 | €8,141 | €3,401 | -€4,740 | -58.2% |
| Leasing and similar rights | 25 | €7,844 | €4,229 | -€3,615 | -46.1% |
| Current assets | 29/58 | €258,479 | €387,961 | +€129,482 | +50.1% |
| Amounts receivable within one year | 40/41 | €245,183 | €126,013 | -€119,171 | -48.6% |
| Trade receivables | 40 | €237,857 | €126,013 | -€111,845 | -47.0% |
| Other amounts receivable | 41 | €7,326 | - | -€7,326 | |
| Cash at bank and in hand | 54/58 | €6,498 | €253,664 | +€247,166 | +3803.7% |
| Deferred charges and accrued income | 490/1 | €6,798 | €8,284 | +€1,486 | +21.9% |
| Total equity and liabilities | 10/49 | €276,263 | €396,687 | +€120,424 | +43.6% |
| Equity | 10/15 | €177,943 | €298,349 | +€120,406 | +67.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €167,943 | €288,349 | +€120,406 | +71.7% |
| Distributable reserves | 133 | €167,943 | €288,349 | +€120,406 | +71.7% |
| Amounts payable | 17/49 | €98,320 | €98,338 | +€18 | 0.0% |
| Amounts payable after more than one year | 17 | €3,753 | €3,745 | -€9 | -0.2% |
| Financial debts | 170/4 | €3,753 | €3,745 | -€9 | -0.2% |
| Amounts payable within one year | 42/48 | €94,449 | €94,594 | +€145 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €2,550 | - | -€2,550 | |
| Financial debts | 43 | €0 | €15,049 | +€15,049 | |
| Credit institutions | 430/8 | €0 | €15,049 | +€15,049 | |
| Trade debts | 44 | €23,844 | - | -€23,844 | |
| Suppliers | 440/4 | €23,844 | - | -€23,844 | |
| Taxes, remuneration and social security | 45 | €62,085 | €77,872 | +€15,787 | +25.4% |
| Taxes | 450/3 | €40,911 | €49,604 | +€8,694 | +21.3% |
| Remuneration and social security | 454/9 | €21,174 | €28,267 | +€7,093 | +33.5% |
| Other amounts payable | 47/48 | €5,971 | €1,673 | -€4,298 | -72.0% |
| Accrued charges and deferred income | 492/3 | €118 | - | -€118 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €224,929 | €126,079 | -€98,850 | -43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,963 | €10,646 | -€1,317 | -11.0% |
| Other operating charges | 640/8 | €6,824 | €775 | -€6,049 | -88.6% |
| Non-recurring operating charges | 66A | €8,616 | - | -€8,616 | |
| Gross operating margin | 9900 | €286,479 | €301,031 | +€14,552 | +5.1% |
| Operating profit (loss) | 9901 | €34,147 | €163,531 | +€129,384 | +378.9% |
| Financial income | 75/76B | €693 | €49 | -€645 | -93.0% |
| Recurring financial income | 75 | €693 | €49 | -€645 | -93.0% |
| Financial charges | 65/66B | €7,289 | €4,018 | -€3,271 | -44.9% |
| Recurring financial charges | 65 | €7,289 | €4,018 | -€3,271 | -44.9% |
| Profit (loss) for the period before taxes | 9903 | €27,551 | €159,562 | +€132,010 | +479.1% |
| Income taxes | 67/77 | €7,674 | €39,156 | +€31,482 | +410.2% |
| Profit (loss) for the period | 9904 | €19,877 | €120,406 | +€100,529 | +505.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,877 | €120,406 | +€100,529 | +505.7% |
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 10 October 2026 via checked.be.