HESBYCHAMPS: 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.
HESBYCHAMPS
Largest movements
- Receivables within one year -€1.2m
down €1.2m (-69.1%), from €1.7m to €523,279
of which Trade receivables: -€1.0m
- Tangible fixed assets +€225,899
up €225,899 (+7.2%), from €3.1m to €3.4m
of which Land and buildings: +€570,114
- Cash +€55,161
up €55,161 (+647%), from €8,525 to €63,687
mainly Receivables within one year (+€1.2m) and Depreciation (+€479,611)
- Other debts -€632,556
down €632,556 (-64.9%), from €974,409 to €341,854
- Debts after one year -€271,115
down €271,115 (-14.5%), from €1.9m to €1.6m
- Reserves +€66,641
up €66,641 (+6.0%), from €1.1m to €1.2m
of which Distributable reserves: +€66,713
- Depreciation +€217,085
up €217,085 (+82.7%), from €262,526 to €479,611
- Staff costs +€108,142
up €108,142 (+312%), from €34,636 to €142,777
- Taxes -€58,742
down €58,742 (-66.0%), from €88,944 to €30,202
- Gross operating margin +€26,671
up €26,671 (+3.3%), from €797,810 to €824,482
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 | €4,943,918 | €4,054,590 | -€889,327 | -18.0% |
| Fixed assets | 21/28 | €3,147,224 | €3,373,123 | +€225,899 | +7.2% |
| Tangible fixed assets | 22/27 | €3,147,224 | €3,373,123 | +€225,899 | +7.2% |
| Land and buildings | 22 | €1,145,873 | €1,715,987 | +€570,114 | +49.8% |
| Plant, machinery and equipment | 23 | €387,591 | €335,950 | -€51,642 | -13.3% |
| Furniture and vehicles | 24 | €1,280,568 | €1,052,994 | -€227,574 | -17.8% |
| Leasing and similar rights | 25 | €333,192 | €268,192 | -€65,000 | -19.5% |
| Current assets | 29/58 | €1,796,694 | €681,468 | -€1.1m | -62.1% |
| Amounts receivable within one year | 40/41 | €1,695,113 | €523,279 | -€1.2m | -69.1% |
| Trade receivables | 40 | €1,509,828 | €473,389 | -€1.0m | -68.6% |
| Other amounts receivable | 41 | €185,285 | €49,889 | -€135,395 | -73.1% |
| Cash at bank and in hand | 54/58 | €8,525 | €63,687 | +€55,161 | +647% |
| Deferred charges and accrued income | 490/1 | €93,055 | €94,502 | +€1,447 | +1.6% |
| Total equity and liabilities | 10/49 | €4,943,918 | €4,054,590 | -€889,327 | -18.0% |
| Equity | 10/15 | €1,142,070 | €1,208,711 | +€66,641 | +5.8% |
| Contributions | 10/11 | €32,226 | €32,226 | = | 0.0% |
| Reserves | 13 | €1,109,844 | €1,176,485 | +€66,641 | +6.0% |
| Tax-exempt reserves | 132 | €31,275 | €31,204 | -€71 | -0.2% |
| Distributable reserves | 133 | €1,078,569 | €1,145,281 | +€66,713 | +6.2% |
| Provisions and deferred taxes | 16 | €10,425 | €10,401 | -€24 | -0.2% |
| Provisions for liabilities and charges | 160/5 | €10,425 | - | -€10,425 | |
| Taxes | 161 | €10,425 | - | -€10,425 | |
| Deferred taxes | 168 | - | €10,401 | +€10,401 | |
| Amounts payable | 17/49 | €3,791,422 | €2,835,478 | -€955,945 | -25.2% |
| Amounts payable after more than one year | 17 | €1,863,567 | €1,592,453 | -€271,115 | -14.5% |
| Financial debts | 170/4 | €1,863,567 | €1,592,453 | -€271,115 | -14.5% |
| Amounts payable within one year | 42/48 | €1,894,711 | €1,215,923 | -€678,788 | -35.8% |
| Current portion of amounts payable after more than one year | 42 | €304,948 | €271,115 | -€33,833 | -11.1% |
| Trade debts | 44 | €601,886 | €580,878 | -€21,007 | -3.5% |
| Suppliers | 440/4 | €601,886 | €580,878 | -€21,007 | -3.5% |
| Taxes, remuneration and social security | 45 | €13,467 | €22,076 | +€8,609 | +63.9% |
| Taxes | 450/3 | €8,944 | €8,944 | +€0 | 0.0% |
| Remuneration and social security | 454/9 | €4,524 | €13,132 | +€8,609 | +190% |
| Other amounts payable | 47/48 | €974,409 | €341,854 | -€632,556 | -64.9% |
| Accrued charges and deferred income | 492/3 | €33,144 | €27,102 | -€6,042 | -18.2% |
| Non-recurring operating income | 76A | €42,332 | €90,000 | +€47,668 | +113% |
| Remuneration, social security and pensions | 62 | €34,636 | €142,777 | +€108,142 | +312% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €262,526 | €479,611 | +€217,085 | +82.7% |
| Other operating charges | 640/8 | €4,507 | €3,892 | -€615 | -13.6% |
| Non-recurring operating charges | 66A | €15,121 | €0 | -€15,121 | -100% |
| Gross operating margin | 9900 | €797,810 | €824,482 | +€26,671 | +3.3% |
| Operating profit (loss) | 9901 | €481,020 | €198,201 | -€282,819 | -58.8% |
| Financial charges | 65/66B | €100,935 | €101,382 | +€447 | +0.4% |
| Recurring financial charges | 65 | €100,935 | €101,382 | +€447 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €380,085 | €96,819 | -€283,266 | -74.5% |
| Transfer from deferred taxes | 780 | - | €24 | +€24 | |
| Transfer to deferred taxes | 680 | €10,425 | €0 | -€10,425 | -100% |
| Income taxes | 67/77 | €88,944 | €30,202 | -€58,742 | -66.0% |
| Profit (loss) for the period | 9904 | €280,716 | €66,641 | -€214,075 | -76.3% |
| Transfer from tax-exempt reserves | 789 | - | €71 | +€71 | |
| Transfer to tax-exempt reserves | 689 | €31,275 | €0 | -€31,275 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €249,441 | €66,713 | -€182,729 | -73.3% |
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 26 October 2026 via checked.be.