HESPE: 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.
HESPE
Largest movements
- Cash +€222,575
up €222,575 (+2668.1%), from €8,342 to €230,917
mainly Net result for the year (+€161,054) and Investment in fixed assets (net) (+€75,356)
- Tangible fixed assets -€76,421
down €76,421 (-98.9%), from €77,273 to €852
of which Land and buildings: -€75,356
- Receivables within one year +€3,801
up €3,801 (+2890.1%), from €132 to €3,933
of which Other amounts receivable: +€3,921
- Reserves +€151,860
up €151,860 (+294.0%), from €51,650 to €203,510
of which Distributable reserves: +€151,860
- Current portion of long-term debt -€9,665
down €9,665 (-100.0%), from €9,665 to €0
- Other debts +€4,500
up €4,500 (+81.8%), from €5,500 to €10,000
- Tax, wage and social debts +€3,251
up €3,251 (+35.7%), from €9,119 to €12,370
- Financial income +€209,644
new in 2025: €209,644
of which Financial income: +€209,644
- Taxes +€51,493
up €51,493 (+857.6%), from €6,004 to €57,497
- Gross operating margin -€15,000
down €15,000 (-56.0%), from €26,809 to €11,809
- Depreciation -€5,000
down €5,000 (-82.4%), from €6,065 to €1,065
- Financial charges -€602
down €602 (-53.8%), from €1,118 to €517
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 | €91,780 | €240,369 | +€148,589 | +161.9% |
| Fixed assets | 21/28 | €77,273 | €852 | -€76,421 | -98.9% |
| Tangible fixed assets | 22/27 | €77,273 | €852 | -€76,421 | -98.9% |
| Land and buildings | 22 | €75,356 | €0 | -€75,356 | -100.0% |
| Furniture and vehicles | 24 | €1,917 | €852 | -€1,065 | -55.5% |
| Current assets | 29/58 | €14,507 | €239,517 | +€225,010 | +1551.0% |
| Amounts receivable within one year | 40/41 | €132 | €3,933 | +€3,801 | +2890.1% |
| Trade receivables | 40 | €132 | €12 | -€119 | -90.7% |
| Other amounts receivable | 41 | €0 | €3,921 | +€3,921 | |
| Cash at bank and in hand | 54/58 | €8,342 | €230,917 | +€222,575 | +2668.1% |
| Deferred charges and accrued income | 490/1 | €6,033 | €4,667 | -€1,366 | -22.6% |
| Total equity and liabilities | 10/49 | €91,780 | €240,369 | +€148,589 | +161.9% |
| Equity | 10/15 | €60,019 | €211,073 | +€151,054 | +251.7% |
| Contributions | 10/11 | €8,160 | €6,300 | -€1,860 | -22.8% |
| Reserves | 13 | €51,650 | €203,510 | +€151,860 | +294.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €51,650 | €203,510 | +€151,860 | +294.0% |
| Profit (loss) carried forward | 14 | €209 | €1,263 | +€1,054 | +503.2% |
| Amounts payable | 17/49 | €31,760 | €29,296 | -€2,464 | -7.8% |
| Amounts payable after more than one year | 17 | €5,250 | €5,250 | = | 0.0% |
| Other amounts payable | 178/9 | €5,250 | €5,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €25,005 | €22,645 | -€2,360 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €9,665 | €0 | -€9,665 | -100.0% |
| Trade debts | 44 | €721 | €275 | -€446 | -61.8% |
| Suppliers | 440/4 | €721 | €275 | -€446 | -61.8% |
| Taxes, remuneration and social security | 45 | €9,119 | €12,370 | +€3,251 | +35.7% |
| Taxes | 450/3 | €9,119 | €12,370 | +€3,251 | +35.7% |
| Other amounts payable | 47/48 | €5,500 | €10,000 | +€4,500 | +81.8% |
| Accrued charges and deferred income | 492/3 | €1,506 | €1,401 | -€104 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,065 | €1,065 | -€5,000 | -82.4% |
| Other operating charges | 640/8 | €1,297 | €1,321 | +€24 | +1.8% |
| Gross operating margin | 9900 | €26,809 | €11,809 | -€15,000 | -56.0% |
| Operating profit (loss) | 9901 | €19,448 | €9,424 | -€10,024 | -51.5% |
| Financial income | 75/76B | - | €209,644 | +€209,644 | |
| Recurring financial income | 75 | - | €209,644 | +€209,644 | |
| Non-recurring financial income | 76B | - | €209,644 | +€209,644 | |
| Financial charges | 65/66B | €1,118 | €517 | -€602 | -53.8% |
| Recurring financial charges | 65 | €1,118 | €517 | -€602 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | €18,329 | €218,551 | +€200,221 | +1092.3% |
| Income taxes | 67/77 | €6,004 | €57,497 | +€51,493 | +857.6% |
| Profit (loss) for the period | 9904 | €12,325 | €161,054 | +€148,728 | +1206.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,325 | €161,054 | +€148,728 | +1206.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.