HEESTER: what changed
Two fiscal 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.
HEESTER
Largest movements
- Receivables within one year +€26,860
up €26,860 (+308.0%), from €8,720 to €35,579
of which Trade receivables: +€21,378
- Stocks and contracts +€17,823
up €17,823 (+111.2%), from €16,033 to €33,856
- Tangible fixed assets -€9,576
down €9,576 (-11.9%), from €80,384 to €70,808
of which Furniture and vehicles: -€6,152
- Cash +€9,067
up €9,067 (+38016.1%), from €24 to €9,091
mainly Net result for the year (+€50,138) and Other debts (+€19,758)
- Other debts +€19,758
up €19,758 (+52.1%), from €37,952 to €57,710
- Trade debts +€11,433
up €11,433 (+46.6%), from €24,537 to €35,970
- Profit (loss) carried forward +€10,138
up €10,138 (+22.3%), from €45,372 to €55,510
- Tax, wage and social debts +€2,578
up €2,578 (+717.7%), from €359 to €2,937
- Gross operating margin +€36,555
up €36,555 (+106.3%), from €34,387 to €70,942
- Depreciation +€5,442
up €5,442 (+51.6%), from €10,539 to €15,982
- Taxes +€2,219
up €2,219 (+617.7%), from €359 to €2,578
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.
Cash bridge derived
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 | €113,220 | €157,127 | +€43,907 | +38.8% |
| Fixed assets | 21/28 | €83,834 | €74,258 | -€9,576 | -11.4% |
| Tangible fixed assets | 22/27 | €80,384 | €70,808 | -€9,576 | -11.9% |
| Plant, machinery and equipment | 23 | €44,157 | €40,732 | -€3,425 | -7.8% |
| Furniture and vehicles | 24 | €36,228 | €30,076 | -€6,152 | -17.0% |
| Financial fixed assets | 28 | €3,450 | €3,450 | = | 0.0% |
| Current assets | 29/58 | €29,386 | €82,869 | +€53,483 | +182.0% |
| Stocks and contracts in progress | 3 | €16,033 | €33,856 | +€17,823 | +111.2% |
| Stocks | 30/36 | €16,033 | €33,856 | +€17,823 | +111.2% |
| Amounts receivable within one year | 40/41 | €8,720 | €35,579 | +€26,860 | +308.0% |
| Trade receivables | 40 | €4,233 | €25,611 | +€21,378 | +505.1% |
| Other amounts receivable | 41 | €4,487 | €9,968 | +€5,481 | +122.2% |
| Cash at bank and in hand | 54/58 | €24 | €9,091 | +€9,067 | +38016.1% |
| Deferred charges and accrued income | 490/1 | €4,610 | €4,343 | -€266 | -5.8% |
| Total equity and liabilities | 10/49 | €113,220 | €157,127 | +€43,907 | +38.8% |
| Equity | 10/15 | €50,372 | €60,510 | +€10,138 | +20.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,372 | €55,510 | +€10,138 | +22.3% |
| Amounts payable | 17/49 | €62,848 | €96,617 | +€33,769 | +53.7% |
| Amounts payable within one year | 42/48 | €62,848 | €96,617 | +€33,769 | +53.7% |
| Trade debts | 44 | €24,537 | €35,970 | +€11,433 | +46.6% |
| Suppliers | 440/4 | €24,537 | €35,970 | +€11,433 | +46.6% |
| Taxes, remuneration and social security | 45 | €359 | €2,937 | +€2,578 | +717.7% |
| Taxes | 450/3 | €359 | €2,937 | +€2,578 | +717.7% |
| Other amounts payable | 47/48 | €37,952 | €57,710 | +€19,758 | +52.1% |
| Non-recurring operating income | 76A | - | €9,108 | +€9,108 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,539 | €15,982 | +€5,442 | +51.6% |
| Other operating charges | 640/8 | €1,813 | €1,785 | -€28 | -1.6% |
| Gross operating margin | 9900 | €34,387 | €70,942 | +€36,555 | +106.3% |
| Operating profit (loss) | 9901 | €22,034 | €53,175 | +€31,141 | +141.3% |
| Financial income | 75/76B | €59 | - | -€59 | |
| Recurring financial income | 75 | €59 | - | -€59 | |
| Financial charges | 65/66B | €300 | €459 | +€159 | +53.1% |
| Recurring financial charges | 65 | €300 | €459 | +€159 | +53.1% |
| Profit (loss) for the period before taxes | 9903 | €21,794 | €52,716 | +€30,923 | +141.9% |
| Income taxes | 67/77 | €359 | €2,578 | +€2,219 | +617.7% |
| Profit (loss) for the period | 9904 | €21,434 | €50,138 | +€28,704 | +133.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,434 | €50,138 | +€28,704 | +133.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.