HES Consult: 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.
HES Consult
Largest movements
- Financial fixed assets +€137,000
up €137,000 (+23.1%), from €593,655 to €730,655
- Tangible fixed assets -€28,027
down €28,027 (-3.3%), from €844,631 to €816,604
of which Land and buildings: -€29,475
- Reserves +€231,029
up €231,029 (+125%), from €185,324 to €416,354
- Debts after one year -€102,715
down €102,715 (-9.5%), from €1.1m to €976,760
- Other debts -€73,351
down €73,351 (-91.8%), from €79,887 to €6,536
- Current portion of long-term debt +€19,101
up €19,101 (+11.3%), from €168,770 to €187,871
- Tax, wage and social debts +€17,571
up €17,571 (+57.5%), from €30,566 to €48,137
of which Taxes: +€15,123
- Gross operating margin +€230,977
up €230,977 (+163%), from €141,403 to €372,380
- Taxes +€57,703
up €57,703 (+311%), from €18,531 to €76,233
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 | €1,557,592 | €1,651,445 | +€93,853 | +6.0% |
| Fixed assets | 21/28 | €1,438,286 | €1,547,259 | +€108,973 | +7.6% |
| Tangible fixed assets | 22/27 | €844,631 | €816,604 | -€28,027 | -3.3% |
| Land and buildings | 22 | €839,739 | €810,263 | -€29,475 | -3.5% |
| Plant, machinery and equipment | 23 | €526 | €181 | -€344 | -65.5% |
| Furniture and vehicles | 24 | €4,367 | €6,159 | +€1,792 | +41.0% |
| Financial fixed assets | 28 | €593,655 | €730,655 | +€137,000 | +23.1% |
| Current assets | 29/58 | €119,306 | €104,186 | -€15,120 | -12.7% |
| Stocks and contracts in progress | 3 | €11,428 | €0 | -€11,428 | -100% |
| Stocks | 30/36 | €11,428 | €0 | -€11,428 | -100% |
| Amounts receivable within one year | 40/41 | €47,514 | €42,283 | -€5,232 | -11.0% |
| Trade receivables | 40 | €47,514 | €41,980 | -€5,535 | -11.6% |
| Other amounts receivable | 41 | - | €303 | +€303 | |
| Cash at bank and in hand | 54/58 | €55,627 | €55,107 | -€520 | -0.9% |
| Deferred charges and accrued income | 490/1 | €4,736 | €6,796 | +€2,060 | +43.5% |
| Total equity and liabilities | 10/49 | €1,557,592 | €1,651,445 | +€93,853 | +6.0% |
| Equity | 10/15 | €191,524 | €422,554 | +€231,029 | +121% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €185,324 | €416,354 | +€231,029 | +125% |
| Distributable reserves | 133 | €185,324 | €416,354 | +€231,029 | +125% |
| Amounts payable | 17/49 | €1,366,068 | €1,228,892 | -€137,176 | -10.0% |
| Amounts payable after more than one year | 17 | €1,079,475 | €976,760 | -€102,715 | -9.5% |
| Financial debts | 170/4 | €1,079,475 | €976,760 | -€102,715 | -9.5% |
| Amounts payable within one year | 42/48 | €284,612 | €250,104 | -€34,508 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €168,770 | €187,871 | +€19,101 | +11.3% |
| Trade debts | 44 | €5,389 | €7,560 | +€2,171 | +40.3% |
| Suppliers | 440/4 | €5,389 | €7,560 | +€2,171 | +40.3% |
| Taxes, remuneration and social security | 45 | €30,566 | €48,137 | +€17,571 | +57.5% |
| Taxes | 450/3 | €28,163 | €43,286 | +€15,123 | +53.7% |
| Remuneration and social security | 454/9 | €2,404 | €4,851 | +€2,448 | +102% |
| Other amounts payable | 47/48 | €79,887 | €6,536 | -€73,351 | -91.8% |
| Accrued charges and deferred income | 492/3 | €1,981 | €2,028 | +€47 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,706 | €31,878 | +€172 | +0.5% |
| Other operating charges | 640/8 | €2,439 | €2,803 | +€364 | +14.9% |
| Gross operating margin | 9900 | €141,403 | €372,380 | +€230,977 | +163% |
| Operating profit (loss) | 9901 | €107,259 | €337,700 | +€230,441 | +215% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €27,705 | €30,437 | +€2,732 | +9.9% |
| Recurring financial charges | 65 | €27,705 | €30,437 | +€2,732 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €79,554 | €307,263 | +€227,709 | +286% |
| Income taxes | 67/77 | €18,531 | €76,233 | +€57,703 | +311% |
| Profit (loss) for the period | 9904 | €61,023 | €231,029 | +€170,006 | +279% |
| Profit (loss) for the period to be appropriated | 9905 | €61,023 | €231,029 | +€170,006 | +279% |
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 21 October 2026 via checked.be.