HESBIO: 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.
HESBIO
Largest movements
- Tangible fixed assets -€162,992
down €162,992 (-14.3%), from €1.1m to €978,861
of which Plant, machinery and equipment: -€117,670
- Receivables within one year -€156,226
down €156,226 (-85.7%), from €182,357 to €26,131
- Cash +€14,137
up €14,137 (+69.4%), from €20,373 to €34,510
mainly Depreciation (+€162,992) and Receivables within one year (+€156,226)
- Debts after one year -€136,154
down €136,154 (-15.9%), from €857,604 to €721,450
- Advances received -€73,293
down €73,293 (-98.3%), from €74,574 to €1,281
- Reserves -€40,000
down €40,000 (-44.4%), from €90,000 to €50,000
- Trade debts -€33,926
down €33,926 (-88.0%), from €38,532 to €4,606
- Accrued charges and deferred income -€21,958
no longer reported in 2025 (was €21,958)
- Staff costs +€7,977
up €7,977 (+85.3%), from €9,348 to €17,324
- Gross operating margin -€4,638
down €4,638 (-2.5%), from €183,022 to €178,383
- Financial charges -€3,183
down €3,183 (-10.8%), from €29,453 to €26,270
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 | €1,344,583 | €1,039,502 | -€305,081 | -22.7% |
| Fixed assets | 21/28 | €1,141,852 | €978,861 | -€162,992 | -14.3% |
| Tangible fixed assets | 22/27 | €1,141,852 | €978,861 | -€162,992 | -14.3% |
| Land and buildings | 22 | €657,632 | €612,311 | -€45,322 | -6.9% |
| Plant, machinery and equipment | 23 | €484,220 | €366,550 | -€117,670 | -24.3% |
| Current assets | 29/58 | €202,730 | €60,641 | -€142,089 | -70.1% |
| Amounts receivable within one year | 40/41 | €182,357 | €26,131 | -€156,226 | -85.7% |
| Trade receivables | 40 | €182,357 | €26,131 | -€156,226 | -85.7% |
| Cash at bank and in hand | 54/58 | €20,373 | €34,510 | +€14,137 | +69.4% |
| Total equity and liabilities | 10/49 | €1,344,583 | €1,039,502 | -€305,081 | -22.7% |
| Equity | 10/15 | €108,858 | €70,902 | -€37,955 | -34.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €90,000 | €50,000 | -€40,000 | -44.4% |
| Distributable reserves | 133 | €90,000 | €50,000 | -€40,000 | -44.4% |
| Profit (loss) carried forward | 14 | €258 | €2,302 | +€2,045 | +794.1% |
| Amounts payable | 17/49 | €1,235,725 | €968,599 | -€267,126 | -21.6% |
| Amounts payable after more than one year | 17 | €857,604 | €721,450 | -€136,154 | -15.9% |
| Financial debts | 170/4 | €857,604 | €721,450 | -€136,154 | -15.9% |
| Amounts payable within one year | 42/48 | €356,163 | €247,150 | -€109,013 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €136,154 | €136,154 | = | 0.0% |
| Trade debts | 44 | €38,532 | €4,606 | -€33,926 | -88.0% |
| Suppliers | 440/4 | €38,532 | €4,606 | -€33,926 | -88.0% |
| Advances received on contracts in progress | 46 | €74,574 | €1,281 | -€73,293 | -98.3% |
| Taxes, remuneration and social security | 45 | €6,476 | €4,681 | -€1,794 | -27.7% |
| Taxes | 450/3 | €4,904 | €4,505 | -€399 | -8.1% |
| Remuneration and social security | 454/9 | €1,572 | €176 | -€1,396 | -88.8% |
| Other amounts payable | 47/48 | €100,427 | €100,427 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €21,958 | - | -€21,958 | |
| Remuneration, social security and pensions | 62 | €9,348 | €17,324 | +€7,977 | +85.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164,599 | €162,992 | -€1,608 | -1.0% |
| Other operating charges | 640/8 | €9,440 | €9,784 | +€344 | +3.6% |
| Gross operating margin | 9900 | €183,022 | €178,383 | -€4,638 | -2.5% |
| Operating profit (loss) | 9901 | -€365 | -€11,717 | -€11,352 | -3106.2% |
| Financial income | 75/76B | - | €32 | +€32 | |
| Recurring financial income | 75 | - | €32 | +€32 | |
| Financial charges | 65/66B | €29,453 | €26,270 | -€3,183 | -10.8% |
| Recurring financial charges | 65 | €29,453 | €26,270 | -€3,183 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | -€29,819 | -€37,955 | -€8,136 | -27.3% |
| Profit (loss) for the period | 9904 | -€29,819 | -€37,955 | -€8,136 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,819 | -€37,955 | -€8,136 | -27.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.