HEPHAISTOS: 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.
HEPHAISTOS
Largest movements
- Cash -€258,345
down €258,345 (-79.6%), from €324,550 to €66,205
mainly Receivables within one year (-€254,810) and Investment in fixed assets (net) (-€9,758)
- Receivables within one year +€254,810
up €254,810 (+212.1%), from €120,154 to €374,965
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€1,007
down €1,007 (-7.9%), from €12,736 to €11,729
- Financial charges +€232
up €232 (+106.5%), from €218 to €450
- Gross operating margin -€43
down €43 (-1.2%), from -€3,536 to -€3,579
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 | €1,156,605 | €1,162,828 | +€6,223 | +0.5% |
| Fixed assets | 21/28 | €711,901 | €721,659 | +€9,758 | +1.4% |
| Financial fixed assets | 28 | €711,901 | €721,659 | +€9,758 | +1.4% |
| Current assets | 29/58 | €444,704 | €441,169 | -€3,535 | -0.8% |
| Amounts receivable within one year | 40/41 | €120,154 | €374,965 | +€254,810 | +212.1% |
| Other amounts receivable | 41 | €120,154 | €374,965 | +€254,810 | +212.1% |
| Cash at bank and in hand | 54/58 | €324,550 | €66,205 | -€258,345 | -79.6% |
| Total equity and liabilities | 10/49 | €1,156,605 | €1,162,828 | +€6,223 | +0.5% |
| Equity | 10/15 | €1,155,039 | €1,162,611 | +€7,572 | +0.7% |
| Contributions | 10/11 | €1,262,000 | €1,262,000 | = | 0.0% |
| Capital | 10 | €1,262,000 | €1,262,000 | = | 0.0% |
| Issued capital | 100 | €1,262,000 | €1,262,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,161 | -€105,590 | +€7,572 | +6.7% |
| Amounts payable | 17/49 | €1,566 | €218 | -€1,349 | -86.1% |
| Amounts payable within one year | 42/48 | €1,566 | €218 | -€1,349 | -86.1% |
| Trade debts | 44 | €1,566 | €218 | -€1,349 | -86.1% |
| Suppliers | 440/4 | €1,566 | €218 | -€1,349 | -86.1% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | -€3,536 | -€3,579 | -€43 | -1.2% |
| Operating profit (loss) | 9901 | -€3,662 | -€3,707 | -€45 | -1.2% |
| Financial income | 75/76B | €12,736 | €11,729 | -€1,007 | -7.9% |
| Recurring financial income | 75 | €12,736 | €11,729 | -€1,007 | -7.9% |
| Financial charges | 65/66B | €218 | €450 | +€232 | +106.5% |
| Recurring financial charges | 65 | €218 | €450 | +€232 | +106.5% |
| Profit (loss) for the period before taxes | 9903 | €8,856 | €7,572 | -€1,285 | -14.5% |
| Profit (loss) for the period | 9904 | €8,856 | €7,572 | -€1,285 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,856 | €7,572 | -€1,285 | -14.5% |
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 6 October 2026 via checked.be.