HESBYGRAM: 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.
HESBYGRAM
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+74.4%), from €1.6m to €2.7m
of which Land and buildings: +€1.2m
- Receivables within one year +€300,339
up €300,339 (+20.6%), from €1.5m to €1.8m
of which Other amounts receivable: +€264,696
- Stocks and contracts +€270,360
up €270,360 (+308%), from €87,909 to €358,269
- Cash +€256,660
up €256,660 (+43.8%), from €586,297 to €842,957
mainly Current portion of long-term debt (+€1.5m) and Net result for the year (+€1.1m)
- Receivables after one year +€61,363
new in 2025: €61,363
- Current portion of long-term debt +€1.5m
up €1.5m (+1,647%), from €91,065 to €1.6m
- Reserves +€1.0m
up €1.0m (+128%), from €783,854 to €1.8m
of which Distributable reserves: +€1.0m
- Trade debts -€628,918
no longer reported in 2025 (was €628,918)
- Other debts +€151,494
up €151,494 (+25.0%), from €606,585 to €758,079
- Debts after one year -€91,260
down €91,260 (-65.7%), from €138,874 to €47,615
- Gross operating margin +€365,796
up €365,796 (+20.7%), from €1.8m to €2.1m
- Taxes +€166,013
up €166,013 (+57.8%), from €287,387 to €453,400
- Staff costs +€73,444
up €73,444 (+35.0%), from €209,767 to €283,211
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 | €3,695,571 | €5,737,453 | +€2.0m | +55.3% |
| Fixed assets | 21/28 | €1,554,414 | €2,708,214 | +€1.2m | +74.2% |
| Intangible fixed assets | 21 | €748 | - | -€748 | |
| Tangible fixed assets | 22/27 | €1,551,986 | €2,706,534 | +€1.2m | +74.4% |
| Land and buildings | 22 | €539,235 | €1,787,618 | +€1.2m | +232% |
| Plant, machinery and equipment | 23 | €903,797 | €831,042 | -€72,756 | -8.0% |
| Furniture and vehicles | 24 | €108,954 | €87,874 | -€21,080 | -19.3% |
| Financial fixed assets | 28 | €1,680 | €1,680 | = | 0.0% |
| Current assets | 29/58 | €2,141,157 | €3,029,239 | +€888,082 | +41.5% |
| Amounts receivable after more than one year | 29 | - | €61,363 | +€61,363 | |
| Other amounts receivable | 291 | - | €61,363 | +€61,363 | |
| Stocks and contracts in progress | 3 | €87,909 | €358,269 | +€270,360 | +308% |
| Stocks | 30/36 | €87,909 | €358,269 | +€270,360 | +308% |
| Amounts receivable within one year | 40/41 | €1,454,736 | €1,755,075 | +€300,339 | +20.6% |
| Trade receivables | 40 | €1,150,095 | €1,185,738 | +€35,643 | +3.1% |
| Other amounts receivable | 41 | €304,640 | €569,337 | +€264,696 | +86.9% |
| Cash at bank and in hand | 54/58 | €586,297 | €842,957 | +€256,660 | +43.8% |
| Deferred charges and accrued income | 490/1 | €12,215 | €11,574 | -€641 | -5.2% |
| Total equity and liabilities | 10/49 | €3,695,571 | €5,737,453 | +€2.0m | +55.3% |
| Equity | 10/15 | €1,965,090 | €3,003,666 | +€1.0m | +52.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €783,854 | €1,783,854 | +€1.0m | +128% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,994 | €11,994 | = | 0.0% |
| Distributable reserves | 133 | €770,000 | €1,770,000 | +€1.0m | +130% |
| Profit (loss) carried forward | 14 | €1,122,831 | €1,184,962 | +€62,131 | +5.5% |
| Investment grants | 15 | €39,805 | €16,250 | -€23,555 | -59.2% |
| Amounts payable | 17/49 | €1,730,481 | €2,733,787 | +€1.0m | +58.0% |
| Amounts payable after more than one year | 17 | €138,874 | €47,615 | -€91,260 | -65.7% |
| Financial debts | 170/4 | €138,874 | €47,615 | -€91,260 | -65.7% |
| Amounts payable within one year | 42/48 | €1,591,606 | €2,686,096 | +€1.1m | +68.8% |
| Current portion of amounts payable after more than one year | 42 | €91,065 | €1,591,260 | +€1.5m | +1,647% |
| Trade debts | 44 | €628,918 | - | -€628,918 | |
| Suppliers | 440/4 | €628,918 | - | -€628,918 | |
| Taxes, remuneration and social security | 45 | €265,038 | €336,758 | +€71,719 | +27.1% |
| Taxes | 450/3 | €232,492 | €301,552 | +€69,060 | +29.7% |
| Remuneration and social security | 454/9 | €32,547 | €35,206 | +€2,659 | +8.2% |
| Other amounts payable | 47/48 | €606,585 | €758,079 | +€151,494 | +25.0% |
| Accrued charges and deferred income | 492/3 | - | €76 | +€76 | |
| Remuneration, social security and pensions | 62 | €209,767 | €283,211 | +€73,444 | +35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305,699 | €303,436 | -€2,263 | -0.7% |
| Other operating charges | 640/8 | €21,106 | €19,311 | -€1,795 | -8.5% |
| Non-recurring operating charges | 66A | - | €590 | +€590 | |
| Gross operating margin | 9900 | €1,770,166 | €2,135,962 | +€365,796 | +20.7% |
| Operating profit (loss) | 9901 | €1,233,594 | €1,529,414 | +€295,820 | +24.0% |
| Financial income | 75/76B | €1 | €1 | +€0 | +8.9% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +8.9% |
| Financial charges | 65/66B | €9,397 | €13,920 | +€4,523 | +48.1% |
| Recurring financial charges | 65 | €9,397 | €13,920 | +€4,523 | +48.1% |
| Profit (loss) for the period before taxes | 9903 | €1,224,198 | €1,515,496 | +€291,297 | +23.8% |
| Income taxes | 67/77 | €287,387 | €453,400 | +€166,013 | +57.8% |
| Profit (loss) for the period | 9904 | €936,812 | €1,062,096 | +€125,284 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €936,812 | €1,062,096 | +€125,284 | +13.4% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.