HESTIA: 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.
HESTIA
Largest movements
- Cash -€847,026
down €847,026 (-90.5%), from €935,711 to €88,685
mainly Current investments (-€700,000) and Investment in fixed assets (net) (-€200,309)
- Current investments +€700,000
new in 2025: €700,000
- Tangible fixed assets +€93,633
up €93,633 (+3.0%), from €3.1m to €3.2m
of which Land and buildings: +€93,633
- Reserves +€168,924
up €168,924 (+5.1%), from €3.3m to €3.5m
of which Distributable reserves: +€168,924
- Short-term financial debts -€75,000
down €75,000 (-100.0%), from €75,000 to €0
- Other debts -€52,471
down €52,471 (-28.2%), from €186,338 to €133,867
- Debts after one year -€45,116
down €45,116 (-18.1%), from €249,100 to €203,983
- Financial income +€11,127
up €11,127 (+342379.1%), from €3 to €11,131
- Gross operating margin +€7,575
up €7,575 (+2.1%), from €365,365 to €372,941
- Taxes +€7,318
up €7,318 (+9.9%), from €73,793 to €81,110
- Financial charges -€6,748
down €6,748 (-24.6%), from €27,407 to €20,659
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 | €4,149,559 | €4,100,071 | -€49,487 | -1.2% |
| Fixed assets | 21/28 | €3,150,124 | €3,243,758 | +€93,633 | +3.0% |
| Tangible fixed assets | 22/27 | €3,132,825 | €3,226,458 | +€93,633 | +3.0% |
| Land and buildings | 22 | €3,131,995 | €3,225,628 | +€93,633 | +3.0% |
| Furniture and vehicles | 24 | €830 | €830 | = | 0.0% |
| Financial fixed assets | 28 | €17,300 | €17,300 | = | 0.0% |
| Current assets | 29/58 | €999,434 | €856,314 | -€143,121 | -14.3% |
| Amounts receivable after more than one year | 29 | €59,341 | €59,341 | = | 0.0% |
| Other amounts receivable | 291 | €59,341 | €59,341 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,509 | €945 | -€1,564 | -62.3% |
| Trade receivables | 40 | €2,509 | €945 | -€1,564 | -62.3% |
| Current investments | 50/53 | - | €700,000 | +€700,000 | |
| Cash at bank and in hand | 54/58 | €935,711 | €88,685 | -€847,026 | -90.5% |
| Deferred charges and accrued income | 490/1 | €1,874 | €7,342 | +€5,469 | +291.9% |
| Total equity and liabilities | 10/49 | €4,149,559 | €4,100,071 | -€49,487 | -1.2% |
| Equity | 10/15 | €3,462,576 | €3,631,500 | +€168,924 | +4.9% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €162,000 | €162,000 | = | 0.0% |
| Issued capital | 100 | €162,000 | €162,000 | = | 0.0% |
| Reserves | 13 | €3,300,576 | €3,469,500 | +€168,924 | +5.1% |
| Non-distributable reserves | 130/1 | €16,200 | €16,200 | = | 0.0% |
| Legal reserve | 130 | €16,200 | €16,200 | = | 0.0% |
| Distributable reserves | 133 | €3,284,376 | €3,453,300 | +€168,924 | +5.1% |
| Provisions and deferred taxes | 16 | €64,858 | €48,643 | -€16,214 | -25.0% |
| Provisions for liabilities and charges | 160/5 | €64,858 | €48,643 | -€16,214 | -25.0% |
| Major repairs and maintenance | 162 | €64,858 | €48,643 | -€16,214 | -25.0% |
| Amounts payable | 17/49 | €622,126 | €419,929 | -€202,197 | -32.5% |
| Amounts payable after more than one year | 17 | €249,100 | €203,983 | -€45,116 | -18.1% |
| Financial debts | 170/4 | €249,100 | €203,983 | -€45,116 | -18.1% |
| Amounts payable within one year | 42/48 | €334,634 | €203,831 | -€130,803 | -39.1% |
| Current portion of amounts payable after more than one year | 42 | €48,145 | €46,590 | -€1,555 | -3.2% |
| Financial debts | 43 | €75,000 | €0 | -€75,000 | -100.0% |
| Credit institutions | 430/8 | €75,000 | €0 | -€75,000 | -100.0% |
| Trade debts | 44 | €4,455 | €2,914 | -€1,541 | -34.6% |
| Suppliers | 440/4 | €4,455 | €2,914 | -€1,541 | -34.6% |
| Taxes, remuneration and social security | 45 | €20,696 | €20,460 | -€235 | -1.1% |
| Taxes | 450/3 | €20,696 | €20,460 | -€235 | -1.1% |
| Other amounts payable | 47/48 | €186,338 | €133,867 | -€52,471 | -28.2% |
| Accrued charges and deferred income | 492/3 | €38,392 | €12,114 | -€26,278 | -68.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,603 | €106,676 | +€3,073 | +3.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€16,214 | -€16,214 | = | 0.0% |
| Other operating charges | 640/8 | €23,023 | €22,917 | -€107 | -0.5% |
| Gross operating margin | 9900 | €365,365 | €372,941 | +€7,575 | +2.1% |
| Operating profit (loss) | 9901 | €254,953 | €259,562 | +€4,609 | +1.8% |
| Financial income | 75/76B | €3 | €11,131 | +€11,127 | +342379.1% |
| Recurring financial income | 75 | €3 | €11,131 | +€11,127 | +342379.1% |
| Financial charges | 65/66B | €27,407 | €20,659 | -€6,748 | -24.6% |
| Recurring financial charges | 65 | €27,407 | €20,659 | -€6,748 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €227,550 | €250,034 | +€22,485 | +9.9% |
| Income taxes | 67/77 | €73,793 | €81,110 | +€7,318 | +9.9% |
| Profit (loss) for the period | 9904 | €153,757 | €168,924 | +€15,167 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €153,757 | €168,924 | +€15,167 | +9.9% |
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 3 October 2026 via checked.be.