HESTIA VSP: 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 VSP
Largest movements
- Tangible fixed assets +€11,041
up €11,041 (+68.9%), from €16,017 to €27,058
of which Other tangible fixed assets: +€6,922
- Cash +€8,296
up €8,296 (+214%), from €3,884 to €12,180
mainly Other debts (+€11,611) and Net result for the year (+€9,641)
- Stocks and contracts +€6,723
up €6,723 (+22.7%), from €29,610 to €36,333
- Receivables within one year -€4,523
down €4,523 (-18.9%), from €23,913 to €19,390
of which Other amounts receivable: -€11,025
- Deferred charges and accrued income +€1,683
up €1,683 (+97.8%), from €1,720 to €3,403
- Other debts +€11,611
new in 2025: €11,611
- Reserves +€9,600
up €9,600 (+151%), from €6,360 to €15,960
- Accrued charges and deferred income -€6,000
no longer reported in 2025 (was €6,000)
- Short-term financial debts +€3,993
up €3,993 (+28.8%), from €13,867 to €17,860
- Tax, wage and social debts +€2,243
up €2,243 (+19.3%), from €11,645 to €13,888
of which Remuneration and social security: +€3,211
- Gross operating margin +€17,972
up €17,972 (+25.2%), from €71,195 to €89,167
- Staff costs +€8,688
up €8,688 (+16.5%), from €52,585 to €61,273
- Other operating charges +€5,081
up €5,081 (+1,490%), from €341 to €5,422
- Taxes +€5,025
up €5,025 (+3,589%), from €140 to €5,165
- Depreciation +€3,271
up €3,271 (+592%), from €553 to €3,824
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 | €79,518 | €104,038 | +€24,520 | +30.8% |
| Fixed assets | 21/28 | €20,391 | €32,732 | +€12,341 | +60.5% |
| Tangible fixed assets | 22/27 | €16,017 | €27,058 | +€11,041 | +68.9% |
| Plant, machinery and equipment | 23 | €1,099 | €5,458 | +€4,359 | +397% |
| Furniture and vehicles | 24 | €14,918 | €14,678 | -€240 | -1.6% |
| Other tangible fixed assets | 26 | - | €6,922 | +€6,922 | |
| Financial fixed assets | 28 | €4,374 | €5,674 | +€1,300 | +29.7% |
| Current assets | 29/58 | €59,127 | €71,306 | +€12,179 | +20.6% |
| Stocks and contracts in progress | 3 | €29,610 | €36,333 | +€6,723 | +22.7% |
| Stocks | 30/36 | €29,610 | €36,333 | +€6,723 | +22.7% |
| Amounts receivable within one year | 40/41 | €23,913 | €19,390 | -€4,523 | -18.9% |
| Trade receivables | 40 | €12,783 | €19,285 | +€6,502 | +50.9% |
| Other amounts receivable | 41 | €11,130 | €105 | -€11,025 | -99.1% |
| Cash at bank and in hand | 54/58 | €3,884 | €12,180 | +€8,296 | +214% |
| Deferred charges and accrued income | 490/1 | €1,720 | €3,403 | +€1,683 | +97.8% |
| Total equity and liabilities | 10/49 | €79,518 | €104,038 | +€24,520 | +30.8% |
| Equity | 10/15 | €17,102 | €26,743 | +€9,641 | +56.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,360 | €15,960 | +€9,600 | +151% |
| Distributable reserves | 133 | €6,360 | €15,960 | +€9,600 | +151% |
| Profit (loss) carried forward | 14 | -€7,858 | -€7,817 | +€41 | +0.5% |
| Amounts payable | 17/49 | €62,416 | €77,295 | +€14,879 | +23.8% |
| Amounts payable after more than one year | 17 | €6,642 | €7,651 | +€1,009 | +15.2% |
| Financial debts | 170/4 | €6,642 | €7,651 | +€1,009 | +15.2% |
| Amounts payable within one year | 42/48 | €49,774 | €69,644 | +€19,870 | +39.9% |
| Current portion of amounts payable after more than one year | 42 | €1,873 | €3,596 | +€1,723 | +92.0% |
| Financial debts | 43 | €13,867 | €17,860 | +€3,993 | +28.8% |
| Credit institutions | 430/8 | €13,867 | €17,860 | +€3,993 | +28.8% |
| Trade debts | 44 | €22,389 | €22,689 | +€300 | +1.3% |
| Suppliers | 440/4 | €22,389 | €15,261 | -€7,128 | -31.8% |
| Bills of exchange payable | 441 | - | €7,428 | +€7,428 | |
| Taxes, remuneration and social security | 45 | €11,645 | €13,888 | +€2,243 | +19.3% |
| Taxes | 450/3 | €2,108 | €1,140 | -€968 | -45.9% |
| Remuneration and social security | 454/9 | €9,537 | €12,748 | +€3,211 | +33.7% |
| Other amounts payable | 47/48 | - | €11,611 | +€11,611 | |
| Accrued charges and deferred income | 492/3 | €6,000 | - | -€6,000 | |
| Remuneration, social security and pensions | 62 | €52,585 | €61,273 | +€8,688 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €553 | €3,824 | +€3,271 | +592% |
| Other operating charges | 640/8 | €341 | €5,422 | +€5,081 | +1,490% |
| Gross operating margin | 9900 | €71,195 | €89,167 | +€17,972 | +25.2% |
| Operating profit (loss) | 9901 | €17,716 | €18,648 | +€932 | +5.3% |
| Financial income | 75/76B | €3 | €247 | +€244 | +8,133% |
| Recurring financial income | 75 | €3 | €247 | +€244 | +8,133% |
| Financial charges | 65/66B | €4,365 | €4,089 | -€276 | -6.3% |
| Recurring financial charges | 65 | €4,365 | €4,089 | -€276 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €13,354 | €14,806 | +€1,452 | +10.9% |
| Income taxes | 67/77 | €140 | €5,165 | +€5,025 | +3,589% |
| Profit (loss) for the period | 9904 | €13,214 | €9,641 | -€3,573 | -27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,214 | €9,641 | -€3,573 | -27.0% |
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 28 October 2026 via checked.be.