HEPHAISTOS ENGINEERING: 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 ENGINEERING
Largest movements
- Receivables within one year +€19,816
up €19,816 (+79.0%), from €25,092 to €44,909
of which Other amounts receivable: +€22,638
- Cash +€11,974
up €11,974 (+211.8%), from €5,652 to €17,626
mainly Net result for the year (+€21,111) and Tax, wage and social debts (+€9,971)
- Tangible fixed assets -€1,386
down €1,386 (-30.3%), from €4,574 to €3,188
- Profit (loss) carried forward +€21,111
up €21,111 (+94.9%), from €22,247 to €43,358
- Tax, wage and social debts +€9,971
up €9,971 (+113.3%), from €8,798 to €18,769
- Trade debts -€706
down €706 (-33.1%), from €2,132 to €1,426
- Gross operating margin -€2,095
down €2,095 (-6.2%), from €33,772 to €31,678
- Other operating charges -€935
down €935 (-52.2%), from €1,789 to €854
- Taxes -€674
down €674 (-9.5%), from €7,095 to €6,421
- Depreciation +€502
up €502 (+56.8%), from €884 to €1,386
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 | €35,677 | €66,065 | +€30,388 | +85.2% |
| Fixed assets | 21/28 | €4,574 | €3,188 | -€1,386 | -30.3% |
| Tangible fixed assets | 22/27 | €4,574 | €3,188 | -€1,386 | -30.3% |
| Furniture and vehicles | 24 | €4,574 | €3,188 | -€1,386 | -30.3% |
| Current assets | 29/58 | €31,102 | €62,876 | +€31,774 | +102.2% |
| Amounts receivable within one year | 40/41 | €25,092 | €44,909 | +€19,816 | +79.0% |
| Trade receivables | 40 | €13,821 | €11,000 | -€2,822 | -20.4% |
| Other amounts receivable | 41 | €11,271 | €33,909 | +€22,638 | +200.9% |
| Cash at bank and in hand | 54/58 | €5,652 | €17,626 | +€11,974 | +211.8% |
| Deferred charges and accrued income | 490/1 | €358 | €342 | -€16 | -4.6% |
| Total equity and liabilities | 10/49 | €35,677 | €66,065 | +€30,388 | +85.2% |
| Equity | 10/15 | €24,747 | €45,858 | +€21,111 | +85.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,247 | €43,358 | +€21,111 | +94.9% |
| Amounts payable | 17/49 | €10,929 | €20,206 | +€9,277 | +84.9% |
| Amounts payable within one year | 42/48 | €10,929 | €20,195 | +€9,265 | +84.8% |
| Trade debts | 44 | €2,132 | €1,426 | -€706 | -33.1% |
| Suppliers | 440/4 | €2,132 | €1,426 | -€706 | -33.1% |
| Taxes, remuneration and social security | 45 | €8,798 | €18,769 | +€9,971 | +113.3% |
| Taxes | 450/3 | €8,798 | €18,769 | +€9,971 | +113.3% |
| Accrued charges and deferred income | 492/3 | - | €12 | +€12 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €884 | €1,386 | +€502 | +56.8% |
| Other operating charges | 640/8 | €1,789 | €854 | -€935 | -52.2% |
| Gross operating margin | 9900 | €33,772 | €31,678 | -€2,095 | -6.2% |
| Operating profit (loss) | 9901 | €31,100 | €29,437 | -€1,662 | -5.3% |
| Financial income | 75/76B | €24 | €93 | +€69 | +282.3% |
| Recurring financial income | 75 | €24 | €93 | +€69 | +282.3% |
| Financial charges | 65/66B | €1,781 | €1,999 | +€218 | +12.2% |
| Recurring financial charges | 65 | €1,781 | €1,999 | +€218 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €29,342 | €27,531 | -€1,811 | -6.2% |
| Income taxes | 67/77 | €7,095 | €6,421 | -€674 | -9.5% |
| Profit (loss) for the period | 9904 | €22,247 | €21,111 | -€1,137 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,247 | €21,111 | -€1,137 | -5.1% |
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 30 September 2026 via checked.be.