HESPEN MELI: 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.
HESPEN MELI
Largest movements
- Cash +€179,347
up €179,347 (+172%), from €104,089 to €283,436
mainly Net result for the year (+€303,220) and Other debts (+€249,431)
- Tangible fixed assets -€176,184
down €176,184 (-18.7%), from €944,594 to €768,410
of which Land and buildings: -€94,909
- Receivables within one year -€34,374
down €34,374 (-10.3%), from €334,651 to €300,277
of which Other amounts receivable: -€27,428
- Other debts +€249,431
up €249,431 (+83.8%), from €297,491 to €546,922
- Reserves -€174,343
down €174,343 (-45.4%), from €384,070 to €209,727
- Trade debts -€76,808
down €76,808 (-55.6%), from €138,025 to €61,217
- Tax, wage and social debts +€43,374
up €43,374 (+73.2%), from €59,220 to €102,594
of which Taxes: +€41,863
- Debts after one year -€33,969
down €33,969 (-12.8%), from €265,958 to €231,989
- Gross operating margin +€53,474
up €53,474 (+6.7%), from €803,702 to €857,176
- Other operating charges -€40,422
down €40,422 (-77.9%), from €51,876 to €11,454
- Taxes +€34,428
up €34,428 (+46.1%), from €74,672 to €109,100
- Financial charges -€12,041
down €12,041 (-48.9%), from €24,644 to €12,603
- Depreciation -€10,255
down €10,255 (-4.2%), from €243,147 to €232,892
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 | €1,394,347 | €1,369,575 | -€24,772 | -1.8% |
| Fixed assets | 21/28 | €944,594 | €768,410 | -€176,184 | -18.7% |
| Tangible fixed assets | 22/27 | €944,594 | €768,410 | -€176,184 | -18.7% |
| Land and buildings | 22 | €617,249 | €522,340 | -€94,909 | -15.4% |
| Plant, machinery and equipment | 23 | €152,630 | €84,563 | -€68,067 | -44.6% |
| Furniture and vehicles | 24 | €174,715 | €161,507 | -€13,208 | -7.6% |
| Current assets | 29/58 | €449,753 | €601,165 | +€151,412 | +33.7% |
| Stocks and contracts in progress | 3 | €6,000 | €6,000 | = | 0.0% |
| Stocks | 30/36 | €6,000 | €6,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €334,651 | €300,277 | -€34,374 | -10.3% |
| Trade receivables | 40 | €303,364 | €296,418 | -€6,946 | -2.3% |
| Other amounts receivable | 41 | €31,287 | €3,859 | -€27,428 | -87.7% |
| Cash at bank and in hand | 54/58 | €104,089 | €283,436 | +€179,347 | +172% |
| Deferred charges and accrued income | 490/1 | €5,013 | €11,452 | +€6,439 | +128% |
| Total equity and liabilities | 10/49 | €1,394,347 | €1,369,575 | -€24,772 | -1.8% |
| Equity | 10/15 | €484,070 | €309,727 | -€174,343 | -36.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €384,070 | €209,727 | -€174,343 | -45.4% |
| Distributable reserves | 133 | €384,070 | €209,727 | -€174,343 | -45.4% |
| Amounts payable | 17/49 | €910,277 | €1,059,848 | +€149,571 | +16.4% |
| Amounts payable after more than one year | 17 | €265,958 | €231,989 | -€33,969 | -12.8% |
| Financial debts | 170/4 | €265,958 | €231,989 | -€33,969 | -12.8% |
| Amounts payable within one year | 42/48 | €644,319 | €827,859 | +€183,540 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €46,414 | €33,969 | -€12,445 | -26.8% |
| Financial debts | 43 | €100,000 | €80,000 | -€20,000 | -20.0% |
| Credit institutions | 430/8 | €100,000 | €80,000 | -€20,000 | -20.0% |
| Trade debts | 44 | €138,025 | €61,217 | -€76,808 | -55.6% |
| Suppliers | 440/4 | €138,025 | €61,217 | -€76,808 | -55.6% |
| Advances received on contracts in progress | 46 | €3,169 | €3,157 | -€12 | -0.4% |
| Taxes, remuneration and social security | 45 | €59,220 | €102,594 | +€43,374 | +73.2% |
| Taxes | 450/3 | €35,913 | €77,776 | +€41,863 | +117% |
| Remuneration and social security | 454/9 | €23,307 | €24,818 | +€1,511 | +6.5% |
| Other amounts payable | 47/48 | €297,491 | €546,922 | +€249,431 | +83.8% |
| Remuneration, social security and pensions | 62 | €184,508 | €187,907 | +€3,399 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €243,147 | €232,892 | -€10,255 | -4.2% |
| Other operating charges | 640/8 | €51,876 | €11,454 | -€40,422 | -77.9% |
| Gross operating margin | 9900 | €803,702 | €857,176 | +€53,474 | +6.7% |
| Operating profit (loss) | 9901 | €324,171 | €424,923 | +€100,752 | +31.1% |
| Financial charges | 65/66B | €24,644 | €12,603 | -€12,041 | -48.9% |
| Recurring financial charges | 65 | €24,644 | €12,603 | -€12,041 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | €299,527 | €412,320 | +€112,793 | +37.7% |
| Income taxes | 67/77 | €74,672 | €109,100 | +€34,428 | +46.1% |
| Profit (loss) for the period | 9904 | €224,855 | €303,220 | +€78,365 | +34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €224,855 | €303,220 | +€78,365 | +34.9% |
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 30 October 2026 via checked.be.