HESACO: 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.
HESACO
Largest movements
- Current assets -€31,848
down €31,848 (-48.6%), from €65,550 to €33,702
- Tangible fixed assets +€3,281
up €3,281 (+34.1%), from €9,628 to €12,909
of which Furniture and vehicles: +€5,133
- Profit (loss) carried forward -€18,118
down €18,118 (-681%), from -€2,659 to -€20,777
- Debts -€10,449
down €10,449 (-20.0%), from €52,217 to €41,767
of which Debts within one year: -€18,011
- Gross operating margin -€6,689
down €6,689 (-97.2%), from €6,880 to €191
- Depreciation -€2,951
down €2,951 (-52.0%), from €5,675 to €2,724
- Financial charges +€2,110
new in 2021: €2,110
- Taxes -€1,132
no longer reported in 2021 (was €1,132)
- Other operating charges +€687
new in 2021: €687
From the 2019 result to the 2021 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2019 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,178 | €46,611 | -€28,567 | -38.0% |
| Fixed assets | 21/28 | €9,628 | €12,909 | +€3,281 | +34.1% |
| Tangible fixed assets | 22/27 | €9,628 | €12,909 | +€3,281 | +34.1% |
| Plant, machinery and equipment | 23 | - | €2,857 | +€2,857 | |
| Furniture and vehicles | 24 | - | €5,133 | +€5,133 | |
| Other tangible fixed assets | 26 | - | €4,919 | +€4,919 | |
| Current assets | 29/58 | €65,550 | €33,702 | -€31,848 | -48.6% |
| Stocks and contracts in progress | 3 | €750 | €2,210 | +€1,460 | +195% |
| Stocks | 30/36 | - | €2,210 | +€2,210 | |
| Amounts receivable within one year | 40/41 | €39,642 | €28,898 | -€10,744 | -27.1% |
| Trade receivables | 40 | - | €27,508 | +€27,508 | |
| Other amounts receivable | 41 | - | €1,390 | +€1,390 | |
| Cash at bank and in hand | 54/58 | €437 | €1,794 | +€1,356 | +310% |
| Deferred charges and accrued income | 490/1 | - | €800 | +€800 | |
| Total equity and liabilities | 10/49 | €75,178 | €46,611 | -€28,567 | -38.0% |
| Equity | 10/15 | €22,961 | €4,843 | -€18,118 | -78.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €19,420 | €19,420 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | - | €17,560 | +€17,560 | |
| Profit (loss) carried forward | 14 | -€2,659 | -€20,777 | -€18,118 | -681% |
| Amounts payable | 17/49 | €52,217 | €41,767 | -€10,449 | -20.0% |
| Amounts payable after more than one year | 17 | - | €8,281 | +€8,281 | |
| Financial debts | 170/4 | - | €8,281 | +€8,281 | |
| Amounts payable within one year | 42/48 | €51,023 | €33,012 | -€18,011 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | - | €6,475 | +€6,475 | |
| Trade debts | 44 | €48,416 | €24,654 | -€23,762 | -49.1% |
| Suppliers | 440/4 | - | €24,654 | +€24,654 | |
| Taxes, remuneration and social security | 45 | - | €42 | +€42 | |
| Taxes | 450/3 | - | €42 | +€42 | |
| Other amounts payable | 47/48 | - | €1,840 | +€1,840 | |
| Accrued charges and deferred income | 492/3 | - | €475 | +€475 | |
| Non-recurring operating income | 76A | - | €4,064 | +€4,064 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,675 | €2,724 | -€2,951 | -52.0% |
| Other operating charges | 640/8 | - | €687 | +€687 | |
| Gross operating margin | 9900 | €6,880 | €191 | -€6,689 | -97.2% |
| Operating profit (loss) | 9901 | -€5,538 | -€3,220 | +€2,318 | +41.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | €1,411 | €1 | -€1,410 | -99.9% |
| Financial charges | 65/66B | - | €2,110 | +€2,110 | |
| Recurring financial charges | 65 | €2,187 | €2,110 | -€77 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,314 | -€5,329 | +€986 | +15.6% |
| Income taxes | 67/77 | €1,132 | - | -€1,132 | |
| Profit (loss) for the period | 9904 | -€7,447 | -€5,329 | +€2,118 | +28.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,447 | -€5,329 | +€2,118 | +28.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.