HESTIA PROJECTS: 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 PROJECTS
Largest movements
- Receivables within one year +€40,518
up €40,518 (+265%), from €15,304 to €55,822
of which Trade receivables: +€44,543
- Tangible fixed assets -€34,735
down €34,735 (-4.3%), from €799,355 to €764,621
of which Furniture and vehicles: -€19,972
- Receivables after one year +€31,031
up €31,031 (+1.5%), from €2.0m to €2.1m
of which Other amounts receivable: +€2.1m
- Other debts +€206,250
up €206,250 (+22.3%), from €926,597 to €1.1m
- Accrued charges and deferred income -€49,518
down €49,518 (-98.4%), from €50,308 to €790
- Profit (loss) carried forward -€41,619
down €41,619 (-94.3%), from -€44,134 to -€85,752
- Debts after one year -€32,700
down €32,700 (-1.9%), from €1.7m to €1.6m
of which Financial debts: -€35,000
- Gross operating margin -€37,997
down €37,997 (-17.6%), from €216,038 to €178,041
- Taxes -€12,829
down €12,829 (-72.5%), from €17,688 to €4,860
- Other operating charges +€5,677
up €5,677 (+46.6%), from €12,179 to €17,856
- Depreciation +€5,309
up €5,309 (+7.3%), from €72,263 to €77,572
- Financial charges +€3,409
up €3,409 (+7.3%), from €46,861 to €50,270
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 | €2,872,271 | €2,923,311 | +€51,040 | +1.8% |
| Fixed assets | 21/28 | €799,718 | €764,621 | -€35,098 | -4.4% |
| Tangible fixed assets | 22/27 | €799,355 | €764,621 | -€34,735 | -4.3% |
| Land and buildings | 22 | €639,753 | €642,354 | +€2,601 | +0.4% |
| Plant, machinery and equipment | 23 | €109,974 | €92,609 | -€17,364 | -15.8% |
| Furniture and vehicles | 24 | €49,629 | €29,657 | -€19,972 | -40.2% |
| Financial fixed assets | 28 | €363 | €0 | -€363 | -100% |
| Current assets | 29/58 | €2,072,553 | €2,158,690 | +€86,138 | +4.2% |
| Amounts receivable after more than one year | 29 | €2,020,197 | €2,051,228 | +€31,031 | +1.5% |
| Trade receivables | 290 | €2,020,197 | €0 | -€2.0m | -100% |
| Other amounts receivable | 291 | - | €2,051,228 | +€2.1m | |
| Amounts receivable within one year | 40/41 | €15,304 | €55,822 | +€40,518 | +265% |
| Trade receivables | 40 | €3,000 | €47,543 | +€44,543 | +1,485% |
| Other amounts receivable | 41 | €12,304 | €8,279 | -€4,025 | -32.7% |
| Cash at bank and in hand | 54/58 | €10,967 | €25,184 | +€14,217 | +130% |
| Deferred charges and accrued income | 490/1 | €26,084 | €26,456 | +€372 | +1.4% |
| Total equity and liabilities | 10/49 | €2,872,271 | €2,923,311 | +€51,040 | +1.8% |
| Equity | 10/15 | €164,066 | €122,448 | -€41,619 | -25.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €146,200 | €146,200 | = | 0.0% |
| Distributable reserves | 133 | €146,200 | €146,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,134 | -€85,752 | -€41,619 | -94.3% |
| Amounts payable | 17/49 | €2,708,205 | €2,800,863 | +€92,659 | +3.4% |
| Amounts payable after more than one year | 17 | €1,680,100 | €1,647,400 | -€32,700 | -1.9% |
| Financial debts | 170/4 | €1,680,000 | €1,645,000 | -€35,000 | -2.1% |
| Other amounts payable | 178/9 | €100 | €2,400 | +€2,300 | +2,300% |
| Amounts payable within one year | 42/48 | €977,797 | €1,152,673 | +€174,876 | +17.9% |
| Trade debts | 44 | €41,402 | €14,885 | -€26,517 | -64.0% |
| Suppliers | 440/4 | €41,402 | €14,885 | -€26,517 | -64.0% |
| Taxes, remuneration and social security | 45 | €9,798 | €4,942 | -€4,856 | -49.6% |
| Taxes | 450/3 | €7,312 | €1,565 | -€5,748 | -78.6% |
| Remuneration and social security | 454/9 | €2,486 | €3,377 | +€891 | +35.9% |
| Other amounts payable | 47/48 | €926,597 | €1,132,846 | +€206,250 | +22.3% |
| Accrued charges and deferred income | 492/3 | €50,308 | €790 | -€49,518 | -98.4% |
| Non-recurring operating income | 76A | €37,102 | €790 | -€36,312 | -97.9% |
| Remuneration, social security and pensions | 62 | €65,938 | €69,101 | +€3,163 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,263 | €77,572 | +€5,309 | +7.3% |
| Other operating charges | 640/8 | €12,179 | €17,856 | +€5,677 | +46.6% |
| Gross operating margin | 9900 | €216,038 | €178,041 | -€37,997 | -17.6% |
| Operating profit (loss) | 9901 | €65,658 | €13,511 | -€52,147 | -79.4% |
| Financial charges | 65/66B | €46,861 | €50,270 | +€3,409 | +7.3% |
| Recurring financial charges | 65 | €46,861 | €50,270 | +€3,409 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €18,797 | -€36,759 | -€55,556 | |
| Income taxes | 67/77 | €17,688 | €4,860 | -€12,829 | -72.5% |
| Profit (loss) for the period | 9904 | €1,109 | -€41,619 | -€42,727 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,109 | -€41,619 | -€42,727 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.