Hescon: 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.
Hescon
Largest movements
- Financial fixed assets +€286,000
up €286,000 (+55,000%), from €520 to €286,520
- Current investments -€147,561
down €147,561 (-100%), from €147,561 to €0
- Cash -€105,259
down €105,259 (-85.6%), from €123,011 to €17,752
mainly Investment in fixed assets (net) (-€332,134) and Contributions, distributions and other (-€115,960)
- Receivables after one year -€50,000
down €50,000 (-100%), from €50,000 to €0
- Receivables within one year +€35,250
up €35,250 (+1,015%), from €3,475 to €38,724
of which Trade receivables: +€29,739
- Other debts +€58,128
up €58,128 (+501%), from €11,613 to €69,741
- Debts after one year -€46,503
down €46,503 (-10.5%), from €443,228 to €396,725
of which Financial debts: -€38,178
- Tax, wage and social debts -€10,166
down €10,166 (-68.3%), from €14,890 to €4,724
- Gross operating margin +€57,211
up €57,211 (+40.4%), from €141,540 to €198,751
- Taxes +€22,364
up €22,364 (+91.7%), from €24,382 to €46,746
- Financial income +€21,372
up €21,372 (+209%), from €10,221 to €31,593
- Other operating charges -€10,363
down €10,363 (-74.6%), from €13,885 to €3,522
- Depreciation +€4,063
up €4,063 (+7.1%), from €57,226 to €61,290
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 | €853,873 | €859,592 | +€5,720 | +0.7% |
| Fixed assets | 21/28 | €523,645 | €794,490 | +€270,845 | +51.7% |
| Tangible fixed assets | 22/27 | €523,125 | €507,970 | -€15,155 | -2.9% |
| Land and buildings | 22 | €512,648 | €503,623 | -€9,025 | -1.8% |
| Plant, machinery and equipment | 23 | €1,402 | €2,569 | +€1,167 | +83.2% |
| Furniture and vehicles | 24 | €8,071 | €1,143 | -€6,929 | -85.8% |
| Other tangible fixed assets | 26 | €1,003 | €635 | -€368 | -36.7% |
| Financial fixed assets | 28 | €520 | €286,520 | +€286,000 | +55,000% |
| Current assets | 29/58 | €330,228 | €65,102 | -€265,125 | -80.3% |
| Amounts receivable after more than one year | 29 | €50,000 | €0 | -€50,000 | -100% |
| Other amounts receivable | 291 | €50,000 | €0 | -€50,000 | -100% |
| Amounts receivable within one year | 40/41 | €3,475 | €38,724 | +€35,250 | +1,015% |
| Trade receivables | 40 | €3,311 | €33,050 | +€29,739 | +898% |
| Other amounts receivable | 41 | €164 | €5,675 | +€5,511 | +3,361% |
| Current investments | 50/53 | €147,561 | €0 | -€147,561 | -100% |
| Cash at bank and in hand | 54/58 | €123,011 | €17,752 | -€105,259 | -85.6% |
| Deferred charges and accrued income | 490/1 | €6,181 | €8,626 | +€2,445 | +39.6% |
| Total equity and liabilities | 10/49 | €853,873 | €859,592 | +€5,720 | +0.7% |
| Equity | 10/15 | €338,817 | €334,883 | -€3,934 | -1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €283,931 | €279,997 | -€3,934 | -1.4% |
| Distributable reserves | 133 | €283,931 | €279,997 | -€3,934 | -1.4% |
| Profit (loss) carried forward | 14 | €36,287 | €36,287 | = | 0.0% |
| Amounts payable | 17/49 | €515,055 | €524,709 | +€9,654 | +1.9% |
| Amounts payable after more than one year | 17 | €443,228 | €396,725 | -€46,503 | -10.5% |
| Financial debts | 170/4 | €434,903 | €396,725 | -€38,178 | -8.8% |
| Other amounts payable | 178/9 | €8,325 | €0 | -€8,325 | -100% |
| Amounts payable within one year | 42/48 | €68,955 | €121,434 | +€52,479 | +76.1% |
| Current portion of amounts payable after more than one year | 42 | €40,824 | €41,338 | +€514 | +1.3% |
| Financial debts | 43 | - | €437 | +€437 | |
| Credit institutions | 430/8 | - | €437 | +€437 | |
| Trade debts | 44 | €1,629 | €5,195 | +€3,566 | +219% |
| Suppliers | 440/4 | €1,629 | €5,195 | +€3,566 | +219% |
| Taxes, remuneration and social security | 45 | €14,890 | €4,724 | -€10,166 | -68.3% |
| Taxes | 450/3 | €14,890 | €4,724 | -€10,166 | -68.3% |
| Other amounts payable | 47/48 | €11,613 | €69,741 | +€58,128 | +501% |
| Accrued charges and deferred income | 492/3 | €2,872 | €6,550 | +€3,678 | +128% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,226 | €61,290 | +€4,063 | +7.1% |
| Other operating charges | 640/8 | €13,885 | €3,522 | -€10,363 | -74.6% |
| Gross operating margin | 9900 | €141,540 | €198,751 | +€57,211 | +40.4% |
| Operating profit (loss) | 9901 | €70,429 | €133,940 | +€63,511 | +90.2% |
| Financial income | 75/76B | €10,221 | €31,593 | +€21,372 | +209% |
| Recurring financial income | 75 | €10,221 | €31,593 | +€21,372 | +209% |
| Financial charges | 65/66B | €6,703 | €6,762 | +€60 | +0.9% |
| Recurring financial charges | 65 | €6,703 | €6,762 | +€60 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €73,947 | €158,771 | +€84,824 | +115% |
| Income taxes | 67/77 | €24,382 | €46,746 | +€22,364 | +91.7% |
| Profit (loss) for the period | 9904 | €49,565 | €112,026 | +€62,460 | +126% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €49,565 | €112,026 | +€62,460 | +126% |
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.