HESBIPHAR: 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.
HESBIPHAR
Largest movements
- Tangible fixed assets -€21,205
down €21,205 (-9.5%), from €224,330 to €203,126
of which Furniture and vehicles: -€11,943
- Profit (loss) carried forward -€16,990
down €16,990 (-8.7%), from €194,503 to €177,513
- Tax, wage and social debts -€3,177
down €3,177 (-95.3%), from €3,333 to €156
of which Remuneration and social security: -€2,628
- Gross operating margin +€15,197
up €15,197 (+115%), from €13,209 to €28,405
- Staff costs +€7,621
up €7,621 (+49.2%), from €15,487 to €23,108
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 | €276,036 | €255,869 | -€20,167 | -7.3% |
| Fixed assets | 21/28 | €224,330 | €203,126 | -€21,205 | -9.5% |
| Tangible fixed assets | 22/27 | €224,330 | €203,126 | -€21,205 | -9.5% |
| Land and buildings | 22 | €212,388 | €203,126 | -€9,262 | -4.4% |
| Furniture and vehicles | 24 | €11,943 | €0 | -€11,943 | -100% |
| Current assets | 29/58 | €51,705 | €52,744 | +€1,038 | +2.0% |
| Amounts receivable within one year | 40/41 | €29,044 | €31,036 | +€1,992 | +6.9% |
| Trade receivables | 40 | €3,388 | €611 | -€2,777 | -82.0% |
| Other amounts receivable | 41 | €25,655 | €30,425 | +€4,769 | +18.6% |
| Cash at bank and in hand | 54/58 | €22,662 | €21,708 | -€954 | -4.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €276,036 | €255,869 | -€20,167 | -7.3% |
| Equity | 10/15 | €272,703 | €255,713 | -€16,990 | -6.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €16,200 | €16,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €194,503 | €177,513 | -€16,990 | -8.7% |
| Amounts payable | 17/49 | €3,333 | €156 | -€3,177 | -95.3% |
| Amounts payable within one year | 42/48 | €3,333 | €156 | -€3,177 | -95.3% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,333 | €156 | -€3,177 | -95.3% |
| Taxes | 450/3 | €705 | €156 | -€549 | -77.9% |
| Remuneration and social security | 454/9 | €2,628 | €0 | -€2,628 | -100% |
| Remuneration, social security and pensions | 62 | €15,487 | €23,108 | +€7,621 | +49.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,205 | €21,205 | = | 0.0% |
| Other operating charges | 640/8 | €963 | €928 | -€35 | -3.7% |
| Gross operating margin | 9900 | €13,209 | €28,405 | +€15,197 | +115% |
| Operating profit (loss) | 9901 | -€24,446 | -€16,836 | +€7,610 | +31.1% |
| Financial income | 75/76B | €216 | €180 | -€36 | -16.7% |
| Recurring financial income | 75 | €216 | €180 | -€36 | -16.7% |
| Financial charges | 65/66B | €61 | €86 | +€25 | +40.9% |
| Recurring financial charges | 65 | €61 | €86 | +€25 | +40.9% |
| Profit (loss) for the period before taxes | 9903 | -€24,290 | -€16,741 | +€7,550 | +31.1% |
| Income taxes | 67/77 | €168 | €249 | +€81 | +48.1% |
| Profit (loss) for the period | 9904 | -€24,458 | -€16,990 | +€7,469 | +30.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,458 | -€16,990 | +€7,469 | +30.5% |
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 13 October 2026 via checked.be.