Hephaistos Consulting: 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.
Hephaistos Consulting
Largest movements
- Tangible fixed assets -€12,368
down €12,368 (-7.7%), from €160,079 to €147,711
of which Land and buildings: -€11,745
- Cash -€9,106
down €9,106 (-55.6%), from €16,390 to €7,284
mainly Debts after one year (-€11,076) and Net result for the year (-€7,985)
- Debts after one year -€11,076
down €11,076 (-6.9%), from €159,917 to €148,841
- Profit (loss) carried forward -€7,985
down €7,985 (-55.9%), from -€14,280 to -€22,265
- Trade debts -€5,796
down €5,796 (-84.7%), from €6,840 to €1,044
- Other debts +€2,191
up €2,191 (+27.4%), from €8,005 to €10,196
- Gross operating margin -€3,329
down €3,329 (-23.9%), from €13,937 to €10,608
- Depreciation +€581
up €581 (+4.9%), from €11,788 to €12,368
- Financial charges -€256
down €256 (-5.8%), from €4,389 to €4,134
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 | €177,490 | €155,391 | -€22,098 | -12.5% |
| Fixed assets | 21/28 | €160,079 | €147,711 | -€12,368 | -7.7% |
| Tangible fixed assets | 22/27 | €160,079 | €147,711 | -€12,368 | -7.7% |
| Land and buildings | 22 | €158,252 | €146,507 | -€11,745 | -7.4% |
| Furniture and vehicles | 24 | €1,828 | €1,204 | -€623 | -34.1% |
| Current assets | 29/58 | €17,410 | €7,680 | -€9,730 | -55.9% |
| Amounts receivable within one year | 40/41 | €691 | €0 | -€691 | -100% |
| Other amounts receivable | 41 | €691 | €0 | -€691 | -100% |
| Cash at bank and in hand | 54/58 | €16,390 | €7,284 | -€9,106 | -55.6% |
| Deferred charges and accrued income | 490/1 | €330 | €397 | +€67 | +20.2% |
| Total equity and liabilities | 10/49 | €177,490 | €155,391 | -€22,098 | -12.5% |
| Equity | 10/15 | -€8,080 | -€16,065 | -€7,985 | -98.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,280 | -€22,265 | -€7,985 | -55.9% |
| Amounts payable | 17/49 | €185,569 | €171,456 | -€14,113 | -7.6% |
| Amounts payable after more than one year | 17 | €159,917 | €148,841 | -€11,076 | -6.9% |
| Financial debts | 170/4 | €159,917 | €148,841 | -€11,076 | -6.9% |
| Amounts payable within one year | 42/48 | €25,653 | €22,315 | -€3,338 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €10,809 | €11,076 | +€267 | +2.5% |
| Trade debts | 44 | €6,840 | €1,044 | -€5,796 | -84.7% |
| Suppliers | 440/4 | €6,840 | €1,044 | -€5,796 | -84.7% |
| Other amounts payable | 47/48 | €8,005 | €10,196 | +€2,191 | +27.4% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,788 | €12,368 | +€581 | +4.9% |
| Other operating charges | 640/8 | €2,031 | €2,091 | +€60 | +2.9% |
| Gross operating margin | 9900 | €13,937 | €10,608 | -€3,329 | -23.9% |
| Operating profit (loss) | 9901 | €119 | -€3,851 | -€3,970 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,389 | €4,134 | -€256 | -5.8% |
| Recurring financial charges | 65 | €4,389 | €4,134 | -€256 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,271 | -€7,985 | -€3,714 | -87.0% |
| Profit (loss) for the period | 9904 | -€4,271 | -€7,985 | -€3,714 | -87.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,271 | -€7,985 | -€3,714 | -87.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.