HASTINGS & CORNWALL: 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.
What changed
HASTINGS & CORNWALL
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€133,785
2024 · €950,810-€1.1m
Equity
€13.6m
2024 · €13.7m-€133,785
Cash
€587,512
2024 · €120,603+€466,908
Balance sheet total
€70.1m
2024 · €64.5m+€5.6m
Largest movements
Assets
- Receivables within one year +€4.5m
up €4.5m (+38.2%), from €11.7m to €16.2m
of which Other amounts receivable: +€4.6m
Equity and liabilities
- Other debts +€7.5m
up €7.5m (+17.6%), from €42.7m to €50.2m
- Debts after one year -€1.8m
down €1.8m (-29.4%), from €6.0m to €4.2m
Income statement
- Financial income -€1.5m
down €1.5m (-42.9%), from €3.4m to €1.9m
- Turnover -€557,626
down €557,626 (-71.8%), from €776,168 to €218,542
- Services and other goods -€472,574
down €472,574 (-71.8%), from €657,853 to €185,278
- Taxes -€357,219
no longer reported in 2025 (was €357,219)
- Financial charges -€93,614
down €93,614 (-4.3%), from €2.2m to €2.1m
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.
Result 2024
€950,810
Turnover
-€557,626
Other operating income
-€73
Services and other goods
+€472,574
Other operating charges
-€303
Financial income
-€1.5m
Financial charges
+€93,614
Taxes
+€357,219
Result 2025
-€133,785
raises the resultlowers the result
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.
From operations
+€2.8m
Investment
-€625,875
Financing
-€1.8m
Cash 2024
€120,603
From operations (derived)
+€2.8m
Net result for the year
-€133,785
Receivables within one year
-€4.5m
Smaller working-capital items
-€10,556
Tax, wage and social debts
-€28,885
Other debts
+€7.5m
Investment (derived)
-€625,875
Investment in fixed assets (net)
-€625,875
Financing
-€1.8m
Debts after one year
-€1.8m
Cash 2025
€587,512
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,516,079 | €70,108,722 | +€5.6m | +8.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €51,106,381 | €51,732,256 | +€625,875 | +1.2% |
| Financial fixed assets | 28 | €51,106,381 | €51,732,256 | +€625,875 | +1.2% |
| Affiliated companies | 280/1 | €44,882,959 | €45,508,834 | +€625,875 | +1.4% |
| Participating interests | 280 | €19,597,763 | €19,597,763 | = | 0.0% |
| Amounts receivable | 281 | €25,285,196 | €25,911,071 | +€625,875 | +2.5% |
| Other financial fixed assets | 284/8 | €6,223,422 | €6,223,422 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,223,422 | €6,223,422 | = | 0.0% |
| Current assets | 29/58 | €13,409,698 | €18,376,467 | +€5.0m | +37.0% |
| Amounts receivable within one year | 40/41 | €11,743,143 | €16,232,292 | +€4.5m | +38.2% |
| Trade receivables | 40 | €75,211 | - | -€75,211 | |
| Other amounts receivable | 41 | €11,667,932 | €16,232,292 | +€4.6m | +39.1% |
| Cash at bank and in hand | 54/58 | €120,603 | €587,512 | +€466,908 | +387% |
| Deferred charges and accrued income | 490/1 | €1,545,952 | €1,556,663 | +€10,712 | +0.7% |
| Total equity and liabilities | 10/49 | €64,516,079 | €70,108,722 | +€5.6m | +8.7% |
| Equity | 10/15 | €13,702,369 | €13,568,584 | -€133,785 | -1.0% |
| Contributions | 10/11 | €3,530,731 | €3,530,731 | = | 0.0% |
| Reserves | 13 | €115,682 | €115,682 | = | 0.0% |
| Non-distributable reserves | 130/1 | €115,682 | €115,682 | = | 0.0% |
| Reserves not available under the articles | 1311 | €115,682 | €115,682 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,055,956 | €9,922,171 | -€133,785 | -1.3% |
| Amounts payable | 17/49 | €50,813,709 | €56,540,138 | +€5.7m | +11.3% |
| Amounts payable after more than one year | 17 | €5,978,572 | €4,221,428 | -€1.8m | -29.4% |
| Financial debts | 170/4 | €5,978,572 | €4,221,428 | -€1.8m | -29.4% |
| Credit institutions | 173 | €5,378,572 | €3,621,428 | -€1.8m | -32.7% |
| Other loans | 174 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €44,833,383 | €52,316,955 | +€7.5m | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €1,757,144 | €1,757,144 | = | 0.0% |
| Trade debts | 44 | €5,695 | €5,850 | +€155 | +2.7% |
| Suppliers | 440/4 | €5,695 | €5,850 | +€155 | +2.7% |
| Taxes, remuneration and social security | 45 | €367,896 | €339,011 | -€28,885 | -7.9% |
| Taxes | 450/3 | €367,896 | €339,011 | -€28,885 | -7.9% |
| Other amounts payable | 47/48 | €42,702,648 | €50,214,950 | +€7.5m | +17.6% |
| Accrued charges and deferred income | 492/3 | €1,755 | €1,755 | = | 0.0% |
| Operating income | 70/76A | €776,241 | €218,542 | -€557,699 | -71.8% |
| Turnover | 70 | €776,168 | €218,542 | -€557,626 | -71.8% |
| Other operating income | 74 | €73 | - | -€73 | |
| Operating charges | 60/66A | €659,082 | €186,810 | -€472,272 | -71.7% |
| Services and other goods | 61 | €657,853 | €185,278 | -€472,574 | -71.8% |
| Other operating charges | 640/8 | €1,229 | €1,532 | +€303 | +24.6% |
| Operating profit (loss) | 9901 | €117,158 | €31,731 | -€85,427 | -72.9% |
| Financial income | 75/76B | €3,378,172 | €1,928,172 | -€1.5m | -42.9% |
| Recurring financial income | 75 | €3,378,172 | €1,928,172 | -€1.5m | -42.9% |
| Income from financial fixed assets | 750 | €2,640,085 | €991,976 | -€1.6m | -62.4% |
| Income from current assets | 751 | €635,625 | €734,098 | +€98,473 | +15.5% |
| Other financial income | 752/9 | €102,462 | €202,099 | +€99,637 | +97.2% |
| Financial charges | 65/66B | €2,187,303 | €2,093,689 | -€93,614 | -4.3% |
| Recurring financial charges | 65 | €2,187,303 | €2,093,689 | -€93,614 | -4.3% |
| Debt charges | 650 | €2,183,115 | €2,091,961 | -€91,153 | -4.2% |
| Other financial charges | 652/9 | €4,188 | €1,727 | -€2,460 | -58.8% |
| Profit (loss) for the period before taxes | 9903 | €1,308,028 | -€133,785 | -€1.4m | |
| Income taxes | 67/77 | €357,219 | - | -€357,219 | |
| Taxes | 670/3 | €357,219 | - | -€357,219 | |
| Profit (loss) for the period | 9904 | €950,810 | -€133,785 | -€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €950,810 | -€133,785 | -€1.1m |
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 26 October 2026 via checked.be.