Hestia MIF²: 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.
Hestia MIF²
Largest movements
- Receivables within one year -€153,209
down €153,209 (-64.0%), from €239,483 to €86,274
of which Other amounts receivable: -€164,945
- Receivables after one year +€55,000
new in 2025: €55,000
- Cash +€28,627
up €28,627 (+112%), from €25,633 to €54,260
mainly Receivables within one year (+€153,209) and Net result for the year (+€52,591)
- Financial fixed assets +€28,000
up €28,000, from €0 to €28,000
- Tangible fixed assets -€23,160
down €23,160 (-8.4%), from €275,143 to €251,983
of which Land and buildings: -€18,919
- Reserves -€57,409
down €57,409 (-49.2%), from €116,649 to €59,240
- Debts after one year -€18,083
down €18,083 (-4.9%), from €369,835 to €351,752
of which Financial debts: -€30,403
- Tax, wage and social debts +€15,104
up €15,104 (+139%), from €10,827 to €25,931
- Gross operating margin +€83,502
up €83,502 (+311%), from €26,813 to €110,315
- Financial income -€68,155
down €68,155 (-90.8%), from €75,045 to €6,891
- Depreciation +€11,984
up €11,984 (+41.4%), from €28,949 to €40,933
- Financial charges -€1,433
down €1,433 (-17.6%), from €8,128 to €6,695
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 | €543,559 | €479,287 | -€64,272 | -11.8% |
| Fixed assets | 21/28 | €275,143 | €279,983 | +€4,840 | +1.8% |
| Tangible fixed assets | 22/27 | €275,143 | €251,983 | -€23,160 | -8.4% |
| Land and buildings | 22 | €200,815 | €181,896 | -€18,919 | -9.4% |
| Plant, machinery and equipment | 23 | €16,809 | €21,965 | +€5,156 | +30.7% |
| Furniture and vehicles | 24 | €57,519 | €48,121 | -€9,397 | -16.3% |
| Financial fixed assets | 28 | €0 | €28,000 | +€28,000 | |
| Current assets | 29/58 | €268,416 | €199,304 | -€69,112 | -25.7% |
| Amounts receivable after more than one year | 29 | - | €55,000 | +€55,000 | |
| Other amounts receivable | 291 | - | €55,000 | +€55,000 | |
| Amounts receivable within one year | 40/41 | €239,483 | €86,274 | -€153,209 | -64.0% |
| Trade receivables | 40 | €6,802 | €18,538 | +€11,737 | +173% |
| Other amounts receivable | 41 | €232,681 | €67,736 | -€164,945 | -70.9% |
| Cash at bank and in hand | 54/58 | €25,633 | €54,260 | +€28,627 | +112% |
| Deferred charges and accrued income | 490/1 | €3,301 | €3,770 | +€469 | +14.2% |
| Total equity and liabilities | 10/49 | €543,559 | €479,287 | -€64,272 | -11.8% |
| Equity | 10/15 | €121,649 | €64,240 | -€57,409 | -47.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €116,649 | €59,240 | -€57,409 | -49.2% |
| Distributable reserves | 133 | €116,649 | €59,240 | -€57,409 | -49.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €421,910 | €415,047 | -€6,863 | -1.6% |
| Amounts payable after more than one year | 17 | €369,835 | €351,752 | -€18,083 | -4.9% |
| Financial debts | 170/4 | €361,813 | €331,410 | -€30,403 | -8.4% |
| Other amounts payable | 178/9 | €8,022 | €20,342 | +€12,320 | +154% |
| Amounts payable within one year | 42/48 | €49,285 | €61,308 | +€12,022 | +24.4% |
| Current portion of amounts payable after more than one year | 42 | €37,742 | €35,377 | -€2,365 | -6.3% |
| Trade debts | 44 | €716 | €0 | -€716 | -100% |
| Suppliers | 440/4 | €716 | €0 | -€716 | -100% |
| Taxes, remuneration and social security | 45 | €10,827 | €25,931 | +€15,104 | +139% |
| Taxes | 450/3 | €10,827 | €25,931 | +€15,104 | +139% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,790 | €1,988 | -€802 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,949 | €40,933 | +€11,984 | +41.4% |
| Other operating charges | 640/8 | €1,146 | €979 | -€167 | -14.6% |
| Gross operating margin | 9900 | €26,813 | €110,315 | +€83,502 | +311% |
| Operating profit (loss) | 9901 | -€3,283 | €68,403 | +€71,685 | |
| Financial income | 75/76B | €75,045 | €6,891 | -€68,155 | -90.8% |
| Recurring financial income | 75 | €75,045 | €6,891 | -€68,155 | -90.8% |
| Financial charges | 65/66B | €8,128 | €6,695 | -€1,433 | -17.6% |
| Recurring financial charges | 65 | €8,128 | €6,695 | -€1,433 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €63,635 | €68,599 | +€4,964 | +7.8% |
| Income taxes | 67/77 | €16,503 | €16,008 | -€495 | -3.0% |
| Profit (loss) for the period | 9904 | €47,131 | €52,591 | +€5,459 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,131 | €52,591 | +€5,459 | +11.6% |
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 27 October 2026 via checked.be.