HESILAS: what changed
Two fiscal 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.
HESILAS
Largest movements
- Cash -€85,261
down €85,261 (-56.5%), from €151,006 to €65,745
mainly Other debts (-€45,993) and Investment in fixed assets (net) (-€45,446)
- Tangible fixed assets +€40,961
new in 2025: €40,961
- Other debts -€45,993
down €45,993 (-30.8%), from €149,220 to €103,227
- Tax, wage and social debts +€2,221
up €2,221 (+52.0%), from €4,271 to €6,491
of which Taxes: +€2,221
- Gross operating margin -€10,609
down €10,609 (-71.6%), from €14,820 to €4,211
- Depreciation +€4,485
new in 2025: €4,485
- Taxes -€1,426
down €1,426, from €1,336 to -€90
- Financial income -€152
down €152 (-11.9%), from €1,276 to €1,124
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 | €220,642 | €175,224 | -€45,418 | -20.6% |
| Fixed assets | 21/28 | - | €40,961 | +€40,961 | |
| Tangible fixed assets | 22/27 | - | €40,961 | +€40,961 | |
| Furniture and vehicles | 24 | - | €40,961 | +€40,961 | |
| Current assets | 29/58 | €220,642 | €134,263 | -€86,379 | -39.1% |
| Stocks and contracts in progress | 3 | €51,847 | €52,211 | +€364 | +0.7% |
| Stocks | 30/36 | €51,847 | €52,211 | +€364 | +0.7% |
| Amounts receivable within one year | 40/41 | €13,368 | €11,803 | -€1,565 | -11.7% |
| Trade receivables | 40 | €13,082 | €11,655 | -€1,426 | -10.9% |
| Other amounts receivable | 41 | €286 | €147 | -€139 | -48.5% |
| Cash at bank and in hand | 54/58 | €151,006 | €65,745 | -€85,261 | -56.5% |
| Deferred charges and accrued income | 490/1 | €4,420 | €4,504 | +€84 | +1.9% |
| Total equity and liabilities | 10/49 | €220,642 | €175,224 | -€45,418 | -20.6% |
| Equity | 10/15 | €65,398 | €64,913 | -€485 | -0.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €46,806 | €46,321 | -€485 | -1.0% |
| Distributable reserves | 133 | €46,806 | €46,321 | -€485 | -1.0% |
| Amounts payable | 17/49 | €155,244 | €110,311 | -€44,932 | -28.9% |
| Amounts payable within one year | 42/48 | €155,244 | €110,295 | -€44,949 | -29.0% |
| Trade debts | 44 | €1,753 | €576 | -€1,177 | -67.1% |
| Suppliers | 440/4 | €1,753 | €576 | -€1,177 | -67.1% |
| Taxes, remuneration and social security | 45 | €4,271 | €6,491 | +€2,221 | +52.0% |
| Taxes | 450/3 | €3,271 | €5,491 | +€2,221 | +67.9% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €149,220 | €103,227 | -€45,993 | -30.8% |
| Accrued charges and deferred income | 492/3 | - | €16 | +€16 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,485 | +€4,485 | |
| Other operating charges | 640/8 | €1,108 | €1,224 | +€115 | +10.4% |
| Gross operating margin | 9900 | €14,820 | €4,211 | -€10,609 | -71.6% |
| Operating profit (loss) | 9901 | €13,711 | -€1,498 | -€15,209 | |
| Financial income | 75/76B | €1,276 | €1,124 | -€152 | -11.9% |
| Recurring financial income | 75 | €1,276 | €1,124 | -€152 | -11.9% |
| Financial charges | 65/66B | €291 | €201 | -€89 | -30.7% |
| Recurring financial charges | 65 | €291 | €201 | -€89 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €14,696 | -€575 | -€15,272 | |
| Income taxes | 67/77 | €1,336 | -€90 | -€1,426 | |
| Profit (loss) for the period | 9904 | €13,360 | -€485 | -€13,846 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,360 | -€485 | -€13,846 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.