HESPERUS: 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.
HESPERUS
Largest movements
- Current investments +€69,385
new in 2025: €69,385
- Cash +€34,030
up €34,030 (+102.8%), from €33,097 to €67,127
mainly Net result for the year (+€83,908) and Receivables within one year (+€13,307)
- Receivables within one year -€13,307
down €13,307 (-25.0%), from €53,126 to €39,820
of which Trade receivables: -€13,719
- Reserves +€83,908
up €83,908 (+140.8%), from €59,605 to €143,513
- Tax, wage and social debts +€6,247
up €6,247 (+67.9%), from €9,202 to €15,448
of which Taxes: +€4,051
- Gross operating margin +€35,970
up €35,970 (+44.0%), from €81,723 to €117,693
- Taxes +€10,957
up €10,957 (+49.5%), from €22,134 to €33,091
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 | €88,816 | €178,180 | +€89,365 | +100.6% |
| Fixed assets | 21/28 | €1,452 | €628 | -€824 | -56.8% |
| Tangible fixed assets | 22/27 | €1,452 | €628 | -€824 | -56.8% |
| Furniture and vehicles | 24 | €1,452 | €628 | -€824 | -56.8% |
| Current assets | 29/58 | €87,364 | €177,553 | +€90,189 | +103.2% |
| Amounts receivable within one year | 40/41 | €53,126 | €39,820 | -€13,307 | -25.0% |
| Trade receivables | 40 | €41,119 | €27,400 | -€13,719 | -33.4% |
| Other amounts receivable | 41 | €12,007 | €12,420 | +€413 | +3.4% |
| Current investments | 50/53 | - | €69,385 | +€69,385 | |
| Cash at bank and in hand | 54/58 | €33,097 | €67,127 | +€34,030 | +102.8% |
| Deferred charges and accrued income | 490/1 | €1,141 | €1,221 | +€80 | +7.0% |
| Total equity and liabilities | 10/49 | €88,816 | €178,180 | +€89,365 | +100.6% |
| Equity | 10/15 | €78,205 | €162,113 | +€83,908 | +107.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €59,605 | €143,513 | +€83,908 | +140.8% |
| Distributable reserves | 133 | €59,605 | €143,513 | +€83,908 | +140.8% |
| Amounts payable | 17/49 | €10,611 | €16,068 | +€5,457 | +51.4% |
| Amounts payable within one year | 42/48 | €10,611 | €16,068 | +€5,457 | +51.4% |
| Financial debts | 43 | €69 | - | -€69 | |
| Credit institutions | 430/8 | €69 | - | -€69 | |
| Trade debts | 44 | €1,340 | €619 | -€721 | -53.8% |
| Suppliers | 440/4 | €1,340 | €619 | -€721 | -53.8% |
| Taxes, remuneration and social security | 45 | €9,202 | €15,448 | +€6,247 | +67.9% |
| Taxes | 450/3 | €9,202 | €13,253 | +€4,051 | +44.0% |
| Remuneration and social security | 454/9 | - | €2,196 | +€2,196 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €875 | €824 | -€51 | -5.9% |
| Other operating charges | 640/8 | €620 | €639 | +€19 | +3.1% |
| Non-recurring operating charges | 66A | €1,928 | - | -€1,928 | |
| Gross operating margin | 9900 | €81,723 | €117,693 | +€35,970 | +44.0% |
| Operating profit (loss) | 9901 | €78,300 | €116,230 | +€37,930 | +48.4% |
| Financial income | 75/76B | €2,066 | €930 | -€1,136 | -55.0% |
| Recurring financial income | 75 | €2,066 | €930 | -€1,136 | -55.0% |
| Financial charges | 65/66B | €487 | €161 | -€326 | -67.0% |
| Recurring financial charges | 65 | €487 | €161 | -€326 | -67.0% |
| Profit (loss) for the period before taxes | 9903 | €79,879 | €116,999 | +€37,120 | +46.5% |
| Income taxes | 67/77 | €22,134 | €33,091 | +€10,957 | +49.5% |
| Profit (loss) for the period | 9904 | €57,745 | €83,908 | +€26,163 | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €57,745 | €83,908 | +€26,163 | +45.3% |
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 4 October 2026 via checked.be.