EXPRESS LA HESTRE: 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.
EXPRESS LA HESTRE
Largest movements
- Cash -€73,064
down €73,064 (-37.3%), from €195,697 to €122,633
mainly Trade debts (-€82,396) and Receivables within one year (-€47,253)
- Receivables within one year +€47,253
up €47,253 (+23.4%), from €201,697 to €248,950
of which Other amounts receivable: +€59,567
- Stocks and contracts -€18,711
down €18,711 (-18.7%), from €100,064 to €81,353
- Tangible fixed assets -€10,435
down €10,435 (-37.2%), from €28,074 to €17,639
of which Plant, machinery and equipment: -€10,543
- Trade debts -€82,396
down €82,396 (-32.4%), from €254,078 to €171,682
- Tax, wage and social debts +€18,591
up €18,591 (+46.9%), from €39,609 to €58,200
of which Taxes: +€14,152
- Debts after one year -€17,000
no longer reported in 2025 (was €17,000)
- Reserves +€12,919
up €12,919 (+25.1%), from €51,555 to €64,474
of which Distributable reserves: +€12,919
- Current portion of long-term debt +€12,155
up €12,155 (+121%), from €10,018 to €22,173
- Gross operating margin +€8,618
up €8,618 (+3.6%), from €236,915 to €245,533
- Depreciation -€8,486
down €8,486 (-41.9%), from €20,241 to €11,755
- Staff costs +€8,394
up €8,394 (+5.2%), from €162,845 to €171,239
- Other operating charges +€3,084
up €3,084 (+303%), from €1,018 to €4,102
- Financial charges +€2,928
up €2,928 (+20.9%), from €14,042 to €16,970
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 | €529,755 | €474,907 | -€54,848 | -10.4% |
| Fixed assets | 21/28 | €31,586 | €21,151 | -€10,435 | -33.0% |
| Tangible fixed assets | 22/27 | €28,074 | €17,639 | -€10,435 | -37.2% |
| Plant, machinery and equipment | 23 | €26,112 | €15,569 | -€10,543 | -40.4% |
| Furniture and vehicles | 24 | €1,962 | €2,070 | +€108 | +5.5% |
| Financial fixed assets | 28 | €3,512 | €3,512 | = | 0.0% |
| Current assets | 29/58 | €498,169 | €453,756 | -€44,413 | -8.9% |
| Stocks and contracts in progress | 3 | €100,064 | €81,353 | -€18,711 | -18.7% |
| Stocks | 30/36 | €100,064 | €81,353 | -€18,711 | -18.7% |
| Amounts receivable within one year | 40/41 | €201,697 | €248,950 | +€47,253 | +23.4% |
| Trade receivables | 40 | €36,014 | €23,700 | -€12,314 | -34.2% |
| Other amounts receivable | 41 | €165,683 | €225,250 | +€59,567 | +36.0% |
| Cash at bank and in hand | 54/58 | €195,697 | €122,633 | -€73,064 | -37.3% |
| Deferred charges and accrued income | 490/1 | €711 | €820 | +€109 | +15.3% |
| Total equity and liabilities | 10/49 | €529,755 | €474,907 | -€54,848 | -10.4% |
| Equity | 10/15 | €148,261 | €161,180 | +€12,919 | +8.7% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Capital | 10 | €60,000 | - | -€60,000 | |
| Issued capital | 100 | €60,000 | - | -€60,000 | |
| Contributions outside capital | 11 | - | €60,000 | +€60,000 | |
| Other | 1109/19 | - | €60,000 | +€60,000 | |
| Reserves | 13 | €51,555 | €64,474 | +€12,919 | +25.1% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Legal reserve | 130 | €6,000 | - | -€6,000 | |
| Reserves not available under the articles | 1311 | - | €6,000 | +€6,000 | |
| Distributable reserves | 133 | €45,555 | €58,474 | +€12,919 | +28.4% |
| Profit (loss) carried forward | 14 | €36,706 | €36,706 | = | 0.0% |
| Amounts payable | 17/49 | €381,494 | €313,727 | -€67,767 | -17.8% |
| Amounts payable after more than one year | 17 | €17,000 | - | -€17,000 | |
| Financial debts | 170/4 | €17,000 | - | -€17,000 | |
| Amounts payable within one year | 42/48 | €349,444 | €299,376 | -€50,068 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €10,018 | €22,173 | +€12,155 | +121% |
| Financial debts | 43 | €24,152 | €21,163 | -€2,989 | -12.4% |
| Credit institutions | 430/8 | €24,152 | €21,163 | -€2,989 | -12.4% |
| Trade debts | 44 | €254,078 | €171,682 | -€82,396 | -32.4% |
| Suppliers | 440/4 | €254,078 | €171,682 | -€82,396 | -32.4% |
| Taxes, remuneration and social security | 45 | €39,609 | €58,200 | +€18,591 | +46.9% |
| Taxes | 450/3 | €19,770 | €33,922 | +€14,152 | +71.6% |
| Remuneration and social security | 454/9 | €19,839 | €24,278 | +€4,439 | +22.4% |
| Other amounts payable | 47/48 | €21,587 | €26,158 | +€4,571 | +21.2% |
| Accrued charges and deferred income | 492/3 | €15,050 | €14,351 | -€699 | -4.6% |
| Remuneration, social security and pensions | 62 | €162,845 | €171,239 | +€8,394 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,241 | €11,755 | -€8,486 | -41.9% |
| Other operating charges | 640/8 | €1,018 | €4,102 | +€3,084 | +303% |
| Non-recurring operating charges | 66A | - | €21,129 | +€21,129 | |
| Gross operating margin | 9900 | €236,915 | €245,533 | +€8,618 | +3.6% |
| Operating profit (loss) | 9901 | €52,811 | €37,308 | -€15,503 | -29.4% |
| Financial income | 75/76B | €7,762 | €9,209 | +€1,447 | +18.6% |
| Recurring financial income | 75 | €7,762 | €9,209 | +€1,447 | +18.6% |
| Financial charges | 65/66B | €14,042 | €16,970 | +€2,928 | +20.9% |
| Recurring financial charges | 65 | €14,042 | €16,970 | +€2,928 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €46,531 | €29,547 | -€16,984 | -36.5% |
| Income taxes | 67/77 | €14,896 | €16,628 | +€1,732 | +11.6% |
| Profit (loss) for the period | 9904 | €31,635 | €12,919 | -€18,716 | -59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,635 | €12,919 | -€18,716 | -59.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.