HESTA T.E: 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.
HESTA T.E
Largest movements
- Stocks and contracts +€535,346
new in 2025: €535,346
- Tangible fixed assets -€192,899
down €192,899 (-36.8%), from €524,288 to €331,389
of which Land and buildings: -€192,022
- Receivables within one year -€18,890
no longer reported in 2025 (was €18,890)
of which Other amounts receivable: -€12,085
- Short-term financial debts +€328,505
new in 2025: €328,505
- Profit (loss) carried forward -€54,019
down €54,019 (-26.8%), from -€201,818 to -€255,837
- Debts after one year +€35,863
up €35,863 (+6.0%), from €602,313 to €638,176
of which Other amounts payable: +€462,542
- Tax, wage and social debts +€15,237
up €15,237 (+131.1%), from €11,622 to €26,859
- Current portion of long-term debt -€14,231
no longer reported in 2025 (was €14,231)
- Gross operating margin +€68,407
up €68,407, from -€4,558 to €63,849
- Other operating charges +€39,316
up €39,316 (+238.1%), from €16,514 to €55,829
- Depreciation -€10,000
down €10,000 (-33.2%), from €30,077 to €20,077
- Write-downs +€7,200
new in 2025: €7,200
- Financial charges +€6,541
up €6,541 (+23.2%), from €28,221 to €34,762
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 | €547,096 | €871,543 | +€324,447 | +59.3% |
| Fixed assets | 21/28 | €524,288 | €331,389 | -€192,899 | -36.8% |
| Tangible fixed assets | 22/27 | €524,288 | €331,389 | -€192,899 | -36.8% |
| Land and buildings | 22 | €521,999 | €329,977 | -€192,022 | -36.8% |
| Furniture and vehicles | 24 | €2,289 | €1,412 | -€877 | -38.3% |
| Current assets | 29/58 | €22,808 | €540,153 | +€517,345 | +2268.3% |
| Stocks and contracts in progress | 3 | - | €535,346 | +€535,346 | |
| Stocks | 30/36 | - | €535,346 | +€535,346 | |
| Amounts receivable within one year | 40/41 | €18,890 | - | -€18,890 | |
| Trade receivables | 40 | €6,805 | - | -€6,805 | |
| Other amounts receivable | 41 | €12,085 | - | -€12,085 | |
| Cash at bank and in hand | 54/58 | €2,947 | €61 | -€2,886 | -97.9% |
| Deferred charges and accrued income | 490/1 | €971 | €4,747 | +€3,776 | +388.7% |
| Total equity and liabilities | 10/49 | €547,096 | €871,543 | +€324,447 | +59.3% |
| Equity | 10/15 | -€161,818 | -€215,837 | -€54,019 | -33.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€201,818 | -€255,837 | -€54,019 | -26.8% |
| Amounts payable | 17/49 | €708,914 | €1,087,380 | +€378,466 | +53.4% |
| Amounts payable after more than one year | 17 | €602,313 | €638,176 | +€35,863 | +6.0% |
| Financial debts | 170/4 | €492,313 | €65,634 | -€426,679 | -86.7% |
| Other amounts payable | 178/9 | €110,000 | €572,542 | +€462,542 | +420.5% |
| Amounts payable within one year | 42/48 | €106,373 | €449,204 | +€342,830 | +322.3% |
| Current portion of amounts payable after more than one year | 42 | €14,231 | - | -€14,231 | |
| Financial debts | 43 | - | €328,505 | +€328,505 | |
| Credit institutions | 430/8 | - | €328,505 | +€328,505 | |
| Trade debts | 44 | €23,251 | €33,070 | +€9,819 | +42.2% |
| Suppliers | 440/4 | €23,251 | €33,070 | +€9,819 | +42.2% |
| Taxes, remuneration and social security | 45 | €11,622 | €26,859 | +€15,237 | +131.1% |
| Taxes | 450/3 | €11,622 | €26,859 | +€15,237 | +131.1% |
| Other amounts payable | 47/48 | €57,270 | €60,770 | +€3,500 | +6.1% |
| Accrued charges and deferred income | 492/3 | €228 | - | -€228 | |
| Non-recurring operating income | 76A | €11,700 | €82,012 | +€70,312 | +601.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,077 | €20,077 | -€10,000 | -33.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,200 | +€7,200 | |
| Other operating charges | 640/8 | €16,514 | €55,829 | +€39,316 | +238.1% |
| Gross operating margin | 9900 | -€4,558 | €63,849 | +€68,407 | |
| Operating profit (loss) | 9901 | -€51,149 | -€19,257 | +€31,891 | +62.4% |
| Financial charges | 65/66B | €28,221 | €34,762 | +€6,541 | +23.2% |
| Recurring financial charges | 65 | €28,221 | €34,762 | +€6,541 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | -€79,369 | -€54,019 | +€25,350 | +31.9% |
| Profit (loss) for the period | 9904 | -€79,369 | -€54,019 | +€25,350 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,369 | -€54,019 | +€25,350 | +31.9% |
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 12 October 2026 via checked.be.