JB Hillewaert: what changed
JB Hillewaert
Largest movements
- Receivables within one year +€28,209
up €28,209 (+459%), from €6,147 to €34,356
of which Trade receivables: +€14,205
- Cash -€8,742
down €8,742 (-80.8%), from €10,826 to €2,083
mainly Receivables within one year (-€28,209) and Investment in fixed assets (net) (-€1,362)
- Tangible fixed assets +€794
up €794 (+81.7%), from €971 to €1,765
- Profit (loss) carried forward +€11,678
up €11,678 (+82.7%), from €14,120 to €25,798
- Trade debts +€4,533
up €4,533 (+2,130%), from €213 to €4,745
- Tax, wage and social debts +€4,050
up €4,050 (+112%), from €3,612 to €7,661
- Gross operating margin -€2,619
down €2,619 (-14.3%), from €18,372 to €15,753
- Taxes -€675
down €675 (-18.7%), from €3,612 to €2,937
- Other operating charges +€224
up €224 (+136%), from €164 to €388
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,944 | €38,204 | +€20,261 | +113% |
| Fixed assets | 21/28 | €971 | €1,765 | +€794 | +81.7% |
| Tangible fixed assets | 22/27 | €971 | €1,765 | +€794 | +81.7% |
| Furniture and vehicles | 24 | €971 | €1,765 | +€794 | +81.7% |
| Current assets | 29/58 | €16,972 | €36,439 | +€19,467 | +115% |
| Amounts receivable within one year | 40/41 | €6,147 | €34,356 | +€28,209 | +459% |
| Trade receivables | 40 | - | €14,205 | +€14,205 | |
| Other amounts receivable | 41 | €6,147 | €20,150 | +€14,004 | +228% |
| Cash at bank and in hand | 54/58 | €10,826 | €2,083 | -€8,742 | -80.8% |
| Total equity and liabilities | 10/49 | €17,944 | €38,204 | +€20,261 | +113% |
| Equity | 10/15 | €14,120 | €25,798 | +€11,678 | +82.7% |
| Profit (loss) carried forward | 14 | €14,120 | €25,798 | +€11,678 | +82.7% |
| Amounts payable | 17/49 | €3,824 | €12,407 | +€8,582 | +224% |
| Amounts payable within one year | 42/48 | €3,824 | €12,407 | +€8,582 | +224% |
| Trade debts | 44 | €213 | €4,745 | +€4,533 | +2,130% |
| Suppliers | 440/4 | €213 | €4,745 | +€4,533 | +2,130% |
| Taxes, remuneration and social security | 45 | €3,612 | €7,661 | +€4,050 | +112% |
| Taxes | 450/3 | €3,612 | €7,661 | +€4,050 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €458 | €568 | +€110 | +23.9% |
| Other operating charges | 640/8 | €164 | €388 | +€224 | +136% |
| Gross operating margin | 9900 | €18,372 | €15,753 | -€2,619 | -14.3% |
| Operating profit (loss) | 9901 | €17,749 | €14,797 | -€2,952 | -16.6% |
| Financial charges | 65/66B | €18 | €182 | +€164 | +904% |
| Recurring financial charges | 65 | €18 | €182 | +€164 | +904% |
| Profit (loss) for the period before taxes | 9903 | €17,731 | €14,615 | -€3,116 | -17.6% |
| Income taxes | 67/77 | €3,612 | €2,937 | -€675 | -18.7% |
| Profit (loss) for the period | 9904 | €14,120 | €11,678 | -€2,441 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,120 | €11,678 | -€2,441 | -17.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.