HESPERA: 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.
HESPERA
Largest movements
- Tangible fixed assets -€27,406
down €27,406 (-11.1%), from €247,191 to €219,785
- Receivables within one year +€6,540
up €6,540 (+38.0%), from €17,226 to €23,766
of which Other amounts receivable: +€6,850
- Cash -€3,513
down €3,513 (-16.1%), from €21,791 to €18,278
mainly Net result for the year (-€24,047) and Receivables within one year (-€6,540)
- Profit (loss) carried forward -€24,047
down €24,047 (-64.6%), from €37,225 to €13,178
- Gross operating margin +€763
up €763 (+12.9%), from €5,899 to €6,662
- Other operating charges -€363
down €363 (-9.0%), from €4,035 to €3,673
- Financial income +€344
up €344 (+119.1%), from €289 to €633
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 | €286,208 | €261,828 | -€24,380 | -8.5% |
| Fixed assets | 21/28 | €247,191 | €219,785 | -€27,406 | -11.1% |
| Tangible fixed assets | 22/27 | €247,191 | €219,785 | -€27,406 | -11.1% |
| Land and buildings | 22 | €247,191 | €219,785 | -€27,406 | -11.1% |
| Current assets | 29/58 | €39,017 | €42,043 | +€3,026 | +7.8% |
| Amounts receivable within one year | 40/41 | €17,226 | €23,766 | +€6,540 | +38.0% |
| Trade receivables | 40 | €310 | €0 | -€310 | -100.0% |
| Other amounts receivable | 41 | €16,916 | €23,766 | +€6,850 | +40.5% |
| Cash at bank and in hand | 54/58 | €21,791 | €18,278 | -€3,513 | -16.1% |
| Total equity and liabilities | 10/49 | €286,208 | €261,828 | -€24,380 | -8.5% |
| Equity | 10/15 | €59,850 | €35,802 | -€24,047 | -40.2% |
| Contributions | 10/11 | €20,568 | €20,568 | = | 0.0% |
| Reserves | 13 | €2,057 | €2,057 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,057 | €2,057 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,225 | €13,178 | -€24,047 | -64.6% |
| Amounts payable | 17/49 | €226,359 | €226,026 | -€333 | -0.1% |
| Amounts payable after more than one year | 17 | €220,000 | €220,000 | = | 0.0% |
| Financial debts | 170/4 | €220,000 | €220,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,159 | €5,826 | -€333 | -5.4% |
| Trade debts | 44 | €5,759 | €5,426 | -€333 | -5.8% |
| Suppliers | 440/4 | €5,759 | €5,426 | -€333 | -5.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €400 | €400 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €200 | €200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,406 | €27,406 | = | 0.0% |
| Other operating charges | 640/8 | €4,035 | €3,673 | -€363 | -9.0% |
| Gross operating margin | 9900 | €5,899 | €6,662 | +€763 | +12.9% |
| Operating profit (loss) | 9901 | -€25,543 | -€24,417 | +€1,126 | +4.4% |
| Financial income | 75/76B | €289 | €633 | +€344 | +119.1% |
| Recurring financial income | 75 | €289 | €633 | +€344 | +119.1% |
| Financial charges | 65/66B | €244 | €264 | +€20 | +8.3% |
| Recurring financial charges | 65 | €244 | €264 | +€20 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | -€25,497 | -€24,047 | +€1,450 | +5.7% |
| Income taxes | 67/77 | -€33 | €0 | +€33 | |
| Profit (loss) for the period | 9904 | -€25,465 | -€24,047 | +€1,417 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,465 | -€24,047 | +€1,417 | +5.6% |
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 30 September 2026 via checked.be.