HILUX: 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.
What changed
HILUX
NACE 31.002, Manufacture of furniture
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€17,049
2025 · €16,255+€794
Equity
€1.0m
2025 · €1.0m+€17,049
Cash
€172,116
2025 · €78,768+€93,348
Balance sheet total
€3.5m
2025 · €3.0m+€521,020
Largest movements
Assets
- Receivables within one year +€546,110
up €546,110 (+65.0%), from €840,721 to €1.4m
of which Trade receivables: +€517,648
- Cash +€93,348
up €93,348 (+119%), from €78,768 to €172,116
mainly Trade debts (+€575,918) and Other debts (+€119,754)
- Tangible fixed assets -€63,290
down €63,290 (-23.8%), from €265,599 to €202,309
of which Plant, machinery and equipment: -€52,104
- Stocks and contracts -€58,386
down €58,386 (-3.3%), from €1.8m to €1.7m
of which Contracts in progress: -€84,484
Equity and liabilities
- Trade debts +€575,918
up €575,918 (+53.9%), from €1.1m to €1.6m
- Other debts +€119,754
up €119,754 (+24.0%), from €500,004 to €619,758
- Short-term financial debts -€100,000
down €100,000 (-50.0%), from €200,000 to €100,000
- Tax, wage and social debts -€39,986
down €39,986 (-28.3%), from €141,542 to €101,556
of which Taxes: -€65,893
Income statement
- Staff costs +€39,921
up €39,921 (+2.8%), from €1.4m to €1.5m
From the 2025 result to the 2026 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.
Result 2025
€16,255
Gross operating margin
+€2,537
Staff costs
-€39,921
Depreciation
-€12,885
Write-downs
-€655
Other operating charges
+€3,398
Other operating items
+€22,463
Financial income
+€4,453
Financial charges
+€9,669
Taxes
+€11,735
Result 2026
€17,049
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€261,975
Investment
-€38,270
Financing
-€130,357
Cash 2025
€78,768
From operations (derived)
+€261,975
Net result for the year
+€17,049
Depreciation
+€102,393
Stocks and contracts
+€58,386
Receivables within one year
-€546,110
Deferred charges and accrued income
-€4,071
Trade debts
+€575,918
Tax, wage and social debts
-€39,986
Other debts
+€119,754
Accrued charges and deferred income
-€21,358
Investment (derived)
-€38,270
Investment in fixed assets (net)
-€38,270
Financing
-€130,357
Debts after one year
-€15,179
Current portion of long-term debt
-€15,178
Short-term financial debts
-€100,000
Cash 2026
€172,116
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,993,377 | €3,514,397 | +€521,020 | +17.4% |
| Fixed assets | 21/28 | €281,762 | €217,639 | -€64,123 | -22.8% |
| Intangible fixed assets | 21 | €15,978 | €6,645 | -€9,333 | -58.4% |
| Tangible fixed assets | 22/27 | €265,599 | €202,309 | -€63,290 | -23.8% |
| Plant, machinery and equipment | 23 | €88,520 | €36,416 | -€52,104 | -58.9% |
| Furniture and vehicles | 24 | €36,321 | €39,396 | +€3,075 | +8.5% |
| Other tangible fixed assets | 26 | €140,758 | €126,497 | -€14,261 | -10.1% |
| Financial fixed assets | 28 | €185 | €8,685 | +€8,500 | +4,595% |
| Current assets | 29/58 | €2,711,615 | €3,296,758 | +€585,143 | +21.6% |
| Stocks and contracts in progress | 3 | €1,756,762 | €1,698,376 | -€58,386 | -3.3% |
| Stocks | 30/36 | €1,392,553 | €1,418,651 | +€26,098 | +1.9% |
| Contracts in progress | 37 | €364,209 | €279,725 | -€84,484 | -23.2% |
| Amounts receivable within one year | 40/41 | €840,721 | €1,386,831 | +€546,110 | +65.0% |
| Trade receivables | 40 | €784,880 | €1,302,528 | +€517,648 | +66.0% |
| Other amounts receivable | 41 | €55,841 | €84,303 | +€28,462 | +51.0% |
| Cash at bank and in hand | 54/58 | €78,768 | €172,116 | +€93,348 | +119% |
| Deferred charges and accrued income | 490/1 | €35,364 | €39,435 | +€4,071 | +11.5% |
| Total equity and liabilities | 10/49 | €2,993,377 | €3,514,397 | +€521,020 | +17.4% |
| Equity | 10/15 | €1,016,255 | €1,033,304 | +€17,049 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €997,655 | €1,014,704 | +€17,049 | +1.7% |
| Tax-exempt reserves | 132 | €12,640 | €12,640 | = | 0.0% |
| Distributable reserves | 133 | €985,015 | €1,002,064 | +€17,049 | +1.7% |
| Amounts payable | 17/49 | €1,977,122 | €2,481,093 | +€503,971 | +25.5% |
| Amounts payable after more than one year | 17 | €15,179 | - | -€15,179 | |
| Financial debts | 170/4 | €15,179 | - | -€15,179 | |
| Amounts payable within one year | 42/48 | €1,940,585 | €2,481,093 | +€540,508 | +27.9% |
| Current portion of amounts payable after more than one year | 42 | €30,357 | €15,179 | -€15,178 | -50.0% |
| Financial debts | 43 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Credit institutions | 430/8 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Trade debts | 44 | €1,068,682 | €1,644,600 | +€575,918 | +53.9% |
| Suppliers | 440/4 | €1,068,682 | €1,644,600 | +€575,918 | +53.9% |
| Taxes, remuneration and social security | 45 | €141,542 | €101,556 | -€39,986 | -28.3% |
| Taxes | 450/3 | €75,782 | €9,889 | -€65,893 | -87.0% |
| Remuneration and social security | 454/9 | €65,760 | €91,667 | +€25,907 | +39.4% |
| Other amounts payable | 47/48 | €500,004 | €619,758 | +€119,754 | +24.0% |
| Accrued charges and deferred income | 492/3 | €21,358 | - | -€21,358 | |
| Non-recurring operating income | 76A | €1,368 | - | -€1,368 | |
| Remuneration, social security and pensions | 62 | €1,445,353 | €1,485,274 | +€39,921 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,508 | €102,393 | +€12,885 | +14.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €655 | +€655 | |
| Other operating charges | 640/8 | €16,715 | €13,317 | -€3,398 | -20.3% |
| Non-recurring operating charges | 66A | €24,965 | €2,502 | -€22,463 | -90.0% |
| Gross operating margin | 9900 | €1,595,547 | €1,598,084 | +€2,537 | +0.2% |
| Operating profit (loss) | 9901 | €19,006 | -€6,057 | -€25,063 | |
| Financial income | 75/76B | €35,902 | €40,355 | +€4,453 | +12.4% |
| Recurring financial income | 75 | €35,902 | €40,355 | +€4,453 | +12.4% |
| Financial charges | 65/66B | €25,918 | €16,249 | -€9,669 | -37.3% |
| Recurring financial charges | 65 | €25,918 | €16,249 | -€9,669 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €28,990 | €18,049 | -€10,941 | -37.7% |
| Income taxes | 67/77 | €12,735 | €1,000 | -€11,735 | -92.1% |
| Profit (loss) for the period | 9904 | €16,255 | €17,049 | +€794 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,255 | €17,049 | +€794 | +4.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 31 August 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.