HILWE: what changed
Two fiscal 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.
HILWE
Largest movements
- Tangible fixed assets -€11,254
down €11,254 (-7.8%), from €144,392 to €133,138
of which Land and buildings: -€10,529
- Profit (loss) carried forward -€10,741
down €10,741 (-997.1%), from -€1,077 to -€11,818
- Other debts +€5,775
up €5,775 (+19.5%), from €29,643 to €35,419
- Debts after one year -€5,119
down €5,119 (-23.3%), from €21,977 to €16,858
- Gross operating margin +€440
up €440 (+16.7%), from €2,639 to €3,079
- Depreciation +€231
up €231 (+2.1%), from €11,023 to €11,254
- Purchases and services -€161
down €161 (-2.4%), from €6,773 to €6,612
- Financial charges -€108
down €108 (-15.1%), from €718 to €610
- Other operating charges +€51
up €51 (+2.7%), from €1,905 to €1,956
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 | €145,158 | €134,060 | -€11,098 | -7.6% |
| Fixed assets | 21/28 | €144,392 | €133,138 | -€11,254 | -7.8% |
| Tangible fixed assets | 22/27 | €144,392 | €133,138 | -€11,254 | -7.8% |
| Land and buildings | 22 | €143,208 | €132,679 | -€10,529 | -7.4% |
| Plant, machinery and equipment | 23 | €224 | €11 | -€214 | -95.3% |
| Furniture and vehicles | 24 | €960 | €449 | -€511 | -53.3% |
| Current assets | 29/58 | €766 | €922 | +€156 | +20.4% |
| Cash at bank and in hand | 54/58 | €81 | €150 | +€69 | +84.3% |
| Deferred charges and accrued income | 490/1 | €684 | €772 | +€88 | +12.8% |
| Total equity and liabilities | 10/49 | €145,158 | €134,060 | -€11,098 | -7.6% |
| Equity | 10/15 | €87,123 | €76,382 | -€10,741 | -12.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €26,200 | €26,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,077 | -€11,818 | -€10,741 | -997.1% |
| Amounts payable | 17/49 | €58,035 | €57,678 | -€357 | -0.6% |
| Amounts payable after more than one year | 17 | €21,977 | €16,858 | -€5,119 | -23.3% |
| Financial debts | 170/4 | €21,977 | €16,858 | -€5,119 | -23.3% |
| Amounts payable within one year | 42/48 | €36,058 | €40,820 | +€4,762 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €5,024 | €5,119 | +€95 | +1.9% |
| Trade debts | 44 | €1,390 | €282 | -€1,109 | -79.7% |
| Suppliers | 440/4 | €1,390 | €282 | -€1,109 | -79.7% |
| Other amounts payable | 47/48 | €29,643 | €35,419 | +€5,775 | +19.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,773 | €6,612 | -€161 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,023 | €11,254 | +€231 | +2.1% |
| Other operating charges | 640/8 | €1,905 | €1,956 | +€51 | +2.7% |
| Gross operating margin | 9900 | €2,639 | €3,079 | +€440 | +16.7% |
| Operating profit (loss) | 9901 | -€10,289 | -€10,131 | +€158 | +1.5% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €718 | €610 | -€108 | -15.1% |
| Recurring financial charges | 65 | €718 | €610 | -€108 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,000 | -€10,741 | +€259 | +2.4% |
| Profit (loss) for the period | 9904 | -€11,000 | -€10,741 | +€259 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,000 | -€10,741 | +€259 | +2.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.