HILTRANS ROAD SERVICES: 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.
HILTRANS ROAD SERVICES
Largest movements
- Receivables within one year -€133,791
down €133,791 (-44.5%), from €300,992 to €167,201
of which Trade receivables: -€141,423
- Cash -€61,609
down €61,609 (-31.9%), from €193,370 to €131,760
mainly Other debts (-€180,000) and Trade debts (-€116,306)
- Tangible fixed assets -€55,062
down €55,062 (-12.7%), from €434,075 to €379,012
of which Leasing and similar rights: -€29,184
- Other debts -€180,000
down €180,000 (-14.1%), from €1.3m to €1.1m
- Trade debts -€116,306
down €116,306 (-69.8%), from €166,713 to €50,407
- Accrued charges and deferred income +€48,578
up €48,578 (+346%), from €14,038 to €62,615
- Debts after one year -€28,454
down €28,454 (-25.0%), from €113,763 to €85,309
- Profit (loss) carried forward +€27,855
up €27,855 (+24.3%), from -€114,513 to -€86,658
- Gross operating margin +€168,104
up €168,104 (+72.3%), from €232,443 to €400,548
- Staff costs +€24,689
up €24,689 (+11.6%), from €212,763 to €237,452
- Depreciation +€19,609
up €19,609 (+41.2%), from €47,621 to €67,230
- Financial income +€9,162
up €9,162 (+250%), from €3,665 to €12,827
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 | €1,859,070 | €1,614,780 | -€244,290 | -13.1% |
| Fixed assets | 21/28 | €1,049,901 | €994,629 | -€55,271 | -5.3% |
| Tangible fixed assets | 22/27 | €434,075 | €379,012 | -€55,062 | -12.7% |
| Plant, machinery and equipment | 23 | €8,396 | €7,778 | -€618 | -7.4% |
| Furniture and vehicles | 24 | €286,156 | €259,368 | -€26,787 | -9.4% |
| Leasing and similar rights | 25 | €139,524 | €110,340 | -€29,184 | -20.9% |
| Other tangible fixed assets | 26 | €0 | €1,527 | +€1,527 | |
| Financial fixed assets | 28 | €615,826 | €615,617 | -€209 | 0.0% |
| Current assets | 29/58 | €809,170 | €620,151 | -€189,019 | -23.4% |
| Amounts receivable after more than one year | 29 | €284,383 | €295,759 | +€11,375 | +4.0% |
| Other amounts receivable | 291 | €284,383 | €295,759 | +€11,375 | +4.0% |
| Amounts receivable within one year | 40/41 | €300,992 | €167,201 | -€133,791 | -44.5% |
| Trade receivables | 40 | €260,888 | €119,465 | -€141,423 | -54.2% |
| Other amounts receivable | 41 | €40,105 | €47,736 | +€7,632 | +19.0% |
| Cash at bank and in hand | 54/58 | €193,370 | €131,760 | -€61,609 | -31.9% |
| Deferred charges and accrued income | 490/1 | €30,424 | €25,431 | -€4,994 | -16.4% |
| Total equity and liabilities | 10/49 | €1,859,070 | €1,614,780 | -€244,290 | -13.1% |
| Equity | 10/15 | €213,025 | €240,880 | +€27,855 | +13.1% |
| Contributions | 10/11 | €266,600 | €266,600 | = | 0.0% |
| Reserves | 13 | €60,938 | €60,938 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,614 | €37,614 | = | 0.0% |
| Distributable reserves | 133 | €23,324 | €23,324 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,513 | -€86,658 | +€27,855 | +24.3% |
| Amounts payable | 17/49 | €1,646,045 | €1,373,900 | -€272,146 | -16.5% |
| Amounts payable after more than one year | 17 | €113,763 | €85,309 | -€28,454 | -25.0% |
| Financial debts | 170/4 | €113,763 | €85,309 | -€28,454 | -25.0% |
| Amounts payable within one year | 42/48 | €1,518,245 | €1,225,976 | -€292,269 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €29,041 | €28,454 | -€587 | -2.0% |
| Financial debts | 43 | €0 | €176 | +€176 | |
| Credit institutions | 430/8 | €0 | €176 | +€176 | |
| Trade debts | 44 | €166,713 | €50,407 | -€116,306 | -69.8% |
| Suppliers | 440/4 | €166,713 | €50,407 | -€116,306 | -69.8% |
| Taxes, remuneration and social security | 45 | €42,716 | €47,163 | +€4,448 | +10.4% |
| Taxes | 450/3 | €13,988 | €11,641 | -€2,347 | -16.8% |
| Remuneration and social security | 454/9 | €28,728 | €35,522 | +€6,794 | +23.7% |
| Other amounts payable | 47/48 | €1,279,775 | €1,099,775 | -€180,000 | -14.1% |
| Accrued charges and deferred income | 492/3 | €14,038 | €62,615 | +€48,578 | +346% |
| Non-recurring operating income | 76A | €47,828 | €57,488 | +€9,660 | +20.2% |
| Remuneration, social security and pensions | 62 | €212,763 | €237,452 | +€24,689 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,621 | €67,230 | +€19,609 | +41.2% |
| Other operating charges | 640/8 | €11,008 | €12,267 | +€1,259 | +11.4% |
| Non-recurring operating charges | 66A | €12,674 | €0 | -€12,674 | -100% |
| Gross operating margin | 9900 | €232,443 | €400,548 | +€168,104 | +72.3% |
| Operating profit (loss) | 9901 | -€51,623 | €83,598 | +€135,221 | |
| Financial income | 75/76B | €3,665 | €12,827 | +€9,162 | +250% |
| Recurring financial income | 75 | €3,665 | €12,827 | +€9,162 | +250% |
| Financial charges | 65/66B | €66,326 | €68,319 | +€1,992 | +3.0% |
| Recurring financial charges | 65 | €66,326 | €68,319 | +€1,992 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | -€114,285 | €28,106 | +€142,391 | |
| Income taxes | 67/77 | €229 | €251 | +€22 | +9.8% |
| Profit (loss) for the period | 9904 | -€114,513 | €27,855 | +€142,368 | |
| Profit (loss) for the period to be appropriated | 9905 | -€114,513 | €27,855 | +€142,368 |
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 27 October 2026 via checked.be.