Immo HILLEX: 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.
Immo HILLEX
Largest movements
- Receivables within one year -€39,973
down €39,973 (-20.8%), from €192,176 to €152,204
of which Trade receivables: -€39,973
- Provisions -€103,447
down €103,447 (-100%), from €103,447 to €0
- Reserves -€93,757
down €93,757 (-10.3%), from €911,635 to €817,878
of which Tax-exempt reserves: -€310,340
- Tax, wage and social debts +€83,897
up €83,897 (+2,035%), from €4,124 to €88,021
- Profit (loss) carried forward +€55,427
up €55,427, from -€55,427 to €0
- Other debts +€23,836
up €23,836 (+33.6%), from €70,998 to €94,834
- Taxes +€84,542
new in 2025: €84,542
- Gross operating margin -€48,265
down €48,265 (-998%), from -€4,837 to -€53,103
- Financial charges -€5,385
down €5,385 (-44.6%), from €12,086 to €6,701
- Financial income +€1,314
up €1,314 (+76.7%), from €1,713 to €3,027
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 | €1,852,403 | €1,816,476 | -€35,927 | -1.9% |
| Fixed assets | 21/28 | €1,629,729 | €1,629,729 | = | 0.0% |
| Financial fixed assets | 28 | €1,629,729 | €1,629,729 | = | 0.0% |
| Current assets | 29/58 | €222,674 | €186,747 | -€35,927 | -16.1% |
| Amounts receivable within one year | 40/41 | €192,176 | €152,204 | -€39,973 | -20.8% |
| Trade receivables | 40 | €91,271 | €51,298 | -€39,973 | -43.8% |
| Other amounts receivable | 41 | €100,906 | €100,906 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,251 | €32,268 | +€4,017 | +14.2% |
| Deferred charges and accrued income | 490/1 | €2,247 | €2,275 | +€28 | +1.3% |
| Total equity and liabilities | 10/49 | €1,852,403 | €1,816,476 | -€35,927 | -1.9% |
| Equity | 10/15 | €1,252,208 | €1,213,878 | -€38,330 | -3.1% |
| Contributions | 10/11 | €396,000 | €396,000 | = | 0.0% |
| Capital | 10 | €396,000 | €396,000 | = | 0.0% |
| Issued capital | 100 | €396,000 | €396,000 | = | 0.0% |
| Reserves | 13 | €911,635 | €817,878 | -€93,757 | -10.3% |
| Non-distributable reserves | 130/1 | €28,365 | €28,365 | = | 0.0% |
| Legal reserve | 130 | €28,365 | €28,365 | = | 0.0% |
| Tax-exempt reserves | 132 | €310,340 | €0 | -€310,340 | -100% |
| Distributable reserves | 133 | €572,930 | €789,512 | +€216,582 | +37.8% |
| Profit (loss) carried forward | 14 | -€55,427 | €0 | +€55,427 | |
| Provisions and deferred taxes | 16 | €103,447 | €0 | -€103,447 | -100% |
| Deferred taxes | 168 | €103,447 | €0 | -€103,447 | -100% |
| Amounts payable | 17/49 | €496,748 | €602,598 | +€105,850 | +21.3% |
| Amounts payable after more than one year | 17 | €393,757 | €393,757 | = | 0.0% |
| Financial debts | 170/4 | €393,757 | €393,757 | = | 0.0% |
| Amounts payable within one year | 42/48 | €93,634 | €204,801 | +€111,167 | +119% |
| Trade debts | 44 | €18,513 | €21,947 | +€3,434 | +18.5% |
| Suppliers | 440/4 | €18,513 | €21,947 | +€3,434 | +18.5% |
| Taxes, remuneration and social security | 45 | €4,124 | €88,021 | +€83,897 | +2,035% |
| Taxes | 450/3 | €4,124 | €88,021 | +€83,897 | +2,035% |
| Other amounts payable | 47/48 | €70,998 | €94,834 | +€23,836 | +33.6% |
| Accrued charges and deferred income | 492/3 | €9,356 | €4,039 | -€5,317 | -56.8% |
| Remuneration, social security and pensions | 62 | - | €170 | +€170 | |
| Other operating charges | 640/8 | €294 | €288 | -€6 | -2.1% |
| Gross operating margin | 9900 | -€4,837 | -€53,103 | -€48,265 | -998% |
| Operating profit (loss) | 9901 | -€5,131 | -€53,560 | -€48,429 | -944% |
| Financial income | 75/76B | €1,713 | €3,027 | +€1,314 | +76.7% |
| Recurring financial income | 75 | €1,713 | €3,027 | +€1,314 | +76.7% |
| Financial charges | 65/66B | €12,086 | €6,701 | -€5,385 | -44.6% |
| Recurring financial charges | 65 | €12,086 | €6,701 | -€5,385 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,504 | -€57,235 | -€41,731 | -269% |
| Transfer from deferred taxes | 780 | - | €103,447 | +€103,447 | |
| Income taxes | 67/77 | - | €84,542 | +€84,542 | |
| Profit (loss) for the period | 9904 | -€15,504 | -€38,330 | -€22,827 | -147% |
| Transfer from tax-exempt reserves | 789 | - | €310,340 | +€310,340 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,504 | €272,009 | +€287,513 |
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 30 October 2026 via checked.be.