HILMA: 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.
HILMA
Largest movements
- Stocks and contracts -€8,500
down €8,500 (-50.7%), from €16,750 to €8,250
- Deferred charges and accrued income -€1,131
down €1,131 (-26.3%), from €4,303 to €3,172
- Cash -€697
down €697 (-6.2%), from €11,175 to €10,478
mainly Net result for the year (-€13,260)
- Receivables within one year -€443
down €443 (-75.7%), from €585 to €142
of which Trade receivables: -€468
- Profit (loss) carried forward -€6,763
down €6,763 (-59.0%), from -€11,459 to -€18,222
- Reserves -€6,497
down €6,497 (-28.5%), from €22,776 to €16,279
of which Tax-exempt reserves: -€6,497
- Trade debts +€2,311
new in 2025: €2,311
- Gross operating margin -€12,961
down €12,961, from €2,985 to -€9,976
- Other operating charges +€392
up €392 (+22.3%), from €1,761 to €2,153
- Financial charges +€118
up €118 (+22.6%), from €522 to €640
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 | €32,948 | €22,177 | -€10,771 | -32.7% |
| Fixed assets | 21/28 | €135 | €135 | = | 0.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €32,813 | €22,042 | -€10,771 | -32.8% |
| Stocks and contracts in progress | 3 | €16,750 | €8,250 | -€8,500 | -50.7% |
| Stocks | 30/36 | €16,750 | €8,250 | -€8,500 | -50.7% |
| Amounts receivable within one year | 40/41 | €585 | €142 | -€443 | -75.7% |
| Trade receivables | 40 | €468 | €0 | -€468 | -100% |
| Other amounts receivable | 41 | €117 | €142 | +€25 | +21.4% |
| Cash at bank and in hand | 54/58 | €11,175 | €10,478 | -€697 | -6.2% |
| Deferred charges and accrued income | 490/1 | €4,303 | €3,172 | -€1,131 | -26.3% |
| Total equity and liabilities | 10/49 | €32,948 | €22,177 | -€10,771 | -32.7% |
| Equity | 10/15 | €26,359 | €13,099 | -€13,260 | -50.3% |
| Contributions | 10/11 | €15,042 | €15,042 | = | 0.0% |
| Reserves | 13 | €22,776 | €16,279 | -€6,497 | -28.5% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €7,000 | +€5,000 | +250% |
| Other | 1319 | €5,000 | - | -€5,000 | |
| Tax-exempt reserves | 132 | €12,497 | €6,000 | -€6,497 | -52.0% |
| Distributable reserves | 133 | €3,279 | €3,279 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,459 | -€18,222 | -€6,763 | -59.0% |
| Amounts payable | 17/49 | €6,589 | €9,078 | +€2,489 | +37.8% |
| Amounts payable within one year | 42/48 | €6,589 | €9,078 | +€2,489 | +37.8% |
| Trade debts | 44 | - | €2,311 | +€2,311 | |
| Suppliers | 440/4 | - | €2,311 | +€2,311 | |
| Taxes, remuneration and social security | 45 | €2,784 | €2,955 | +€171 | +6.1% |
| Taxes | 450/3 | €1,357 | €1,528 | +€171 | +12.6% |
| Remuneration and social security | 454/9 | €1,427 | €1,427 | = | 0.0% |
| Other amounts payable | 47/48 | €3,805 | €3,812 | +€7 | +0.2% |
| Other operating charges | 640/8 | €1,761 | €2,153 | +€392 | +22.3% |
| Gross operating margin | 9900 | €2,985 | -€9,976 | -€12,961 | |
| Operating profit (loss) | 9901 | €1,224 | -€12,129 | -€13,353 | |
| Financial income | 75/76B | €62 | €31 | -€31 | -50.0% |
| Recurring financial income | 75 | €62 | €31 | -€31 | -50.0% |
| Financial charges | 65/66B | €522 | €640 | +€118 | +22.6% |
| Recurring financial charges | 65 | €522 | €640 | +€118 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €764 | -€12,738 | -€13,502 | |
| Income taxes | 67/77 | €527 | €522 | -€5 | -0.9% |
| Profit (loss) for the period | 9904 | €237 | -€13,260 | -€13,497 | |
| Transfer from tax-exempt reserves | 789 | - | €6,497 | +€6,497 | |
| Profit (loss) for the period to be appropriated | 9905 | €237 | -€6,763 | -€7,000 |
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 24 October 2026 via checked.be.