HIMILCO: 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.
HIMILCO
Largest movements
- Cash -€86,635
down €86,635 (-38.2%), from €226,704 to €140,069
mainly Contributions, distributions and other (-€377,000) and Receivables within one year (-€60,688)
- Receivables within one year +€60,688
up €60,688 (+17.3%), from €349,803 to €410,491
of which Trade receivables: +€35,797
- Tangible fixed assets -€36,437
down €36,437 (-11.3%), from €323,164 to €286,727
of which Land and buildings: -€34,219
- Reserves -€137,000
down €137,000 (-31.9%), from €430,000 to €293,000
- Trade debts +€82,559
up €82,559 (+43.9%), from €188,144 to €270,703
- Debts after one year -€27,826
down €27,826 (-12.8%), from €216,578 to €188,752
- Short-term financial debts +€25,480
new in 2025: €25,480
- Staff costs +€62,454
new in 2025: €62,454
- Gross operating margin +€26,509
up €26,509 (+6.5%), from €410,849 to €437,358
- Taxes -€14,821
down €14,821 (-16.2%), from €91,532 to €76,711
- Other operating charges +€6,903
up €6,903 (+223%), from €3,092 to €9,995
- Financial charges +€6,684
up €6,684 (+117%), from €5,729 to €12,413
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 | €899,671 | €842,527 | -€57,144 | -6.4% |
| Fixed assets | 21/28 | €323,164 | €286,727 | -€36,437 | -11.3% |
| Tangible fixed assets | 22/27 | €323,164 | €286,727 | -€36,437 | -11.3% |
| Land and buildings | 22 | €257,847 | €223,628 | -€34,219 | -13.3% |
| Plant, machinery and equipment | 23 | €1,167 | €832 | -€334 | -28.6% |
| Furniture and vehicles | 24 | €36,868 | €29,385 | -€7,484 | -20.3% |
| Other tangible fixed assets | 26 | €27,282 | €32,882 | +€5,600 | +20.5% |
| Current assets | 29/58 | €576,507 | €555,800 | -€20,707 | -3.6% |
| Amounts receivable within one year | 40/41 | €349,803 | €410,491 | +€60,688 | +17.3% |
| Trade receivables | 40 | €346,594 | €382,391 | +€35,797 | +10.3% |
| Other amounts receivable | 41 | €3,209 | €28,100 | +€24,891 | +776% |
| Cash at bank and in hand | 54/58 | €226,704 | €140,069 | -€86,635 | -38.2% |
| Deferred charges and accrued income | 490/1 | - | €5,240 | +€5,240 | |
| Total equity and liabilities | 10/49 | €899,671 | €842,527 | -€57,144 | -6.4% |
| Equity | 10/15 | €449,963 | €312,627 | -€137,336 | -30.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €430,000 | €293,000 | -€137,000 | -31.9% |
| Distributable reserves | 133 | €430,000 | €293,000 | -€137,000 | -31.9% |
| Profit (loss) carried forward | 14 | €1,363 | €1,027 | -€336 | -24.6% |
| Amounts payable | 17/49 | €449,708 | €529,901 | +€80,192 | +17.8% |
| Amounts payable after more than one year | 17 | €216,578 | €188,752 | -€27,826 | -12.8% |
| Financial debts | 170/4 | €216,578 | €188,752 | -€27,826 | -12.8% |
| Amounts payable within one year | 42/48 | €231,815 | €339,833 | +€108,018 | +46.6% |
| Current portion of amounts payable after more than one year | 42 | €23,570 | €20,031 | -€3,538 | -15.0% |
| Financial debts | 43 | - | €25,480 | +€25,480 | |
| Credit institutions | 430/8 | - | €25,480 | +€25,480 | |
| Trade debts | 44 | €188,144 | €270,703 | +€82,559 | +43.9% |
| Suppliers | 440/4 | €188,144 | €270,703 | +€82,559 | +43.9% |
| Taxes, remuneration and social security | 45 | €16,000 | €17,684 | +€1,684 | +10.5% |
| Taxes | 450/3 | €14,200 | €3,950 | -€10,250 | -72.2% |
| Remuneration and social security | 454/9 | €1,800 | €13,734 | +€11,934 | +663% |
| Other amounts payable | 47/48 | €4,100 | €5,934 | +€1,834 | +44.7% |
| Accrued charges and deferred income | 492/3 | €1,316 | €1,316 | = | 0.0% |
| Non-recurring operating income | 76A | €6,612 | €28,900 | +€22,288 | +337% |
| Remuneration, social security and pensions | 62 | - | €62,454 | +€62,454 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,942 | €38,813 | +€5,871 | +17.8% |
| Other operating charges | 640/8 | €3,092 | €9,995 | +€6,903 | +223% |
| Gross operating margin | 9900 | €410,849 | €437,358 | +€26,509 | +6.5% |
| Operating profit (loss) | 9901 | €374,816 | €326,096 | -€48,719 | -13.0% |
| Financial income | 75/76B | €852 | €2,692 | +€1,840 | +216% |
| Recurring financial income | 75 | €852 | €2,692 | +€1,840 | +216% |
| Financial charges | 65/66B | €5,729 | €12,413 | +€6,684 | +117% |
| Recurring financial charges | 65 | €5,729 | €12,413 | +€6,684 | +117% |
| Profit (loss) for the period before taxes | 9903 | €369,939 | €316,375 | -€53,564 | -14.5% |
| Income taxes | 67/77 | €91,532 | €76,711 | -€14,821 | -16.2% |
| Profit (loss) for the period | 9904 | €278,407 | €239,664 | -€38,743 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €278,407 | €239,664 | -€38,743 | -13.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.