Hestic: 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.
Hestic
Largest movements
- Receivables within one year -€72,769
down €72,769 (-83.1%), from €87,533 to €14,764
of which Other amounts receivable: -€82,687
- Tangible fixed assets +€21,382
up €21,382 (+46.8%), from €45,643 to €67,025
of which Furniture and vehicles: +€13,221
- Stocks and contracts +€15,820
up €15,820 (+201%), from €7,888 to €23,708
of which Stocks: +€9,500
- Cash +€5,833
up €5,833 (+221%), from €2,645 to €8,478
mainly Receivables within one year (+€72,769) and Depreciation (+€21,456)
- Financial fixed assets +€3,390
new in 2025: €3,390
- Reserves -€39,111
down €39,111 (-52.3%), from €74,792 to €35,680
- Debts after one year +€12,874
up €12,874 (+47.4%), from €27,179 to €40,053
- Trade debts -€5,363
down €5,363 (-54.2%), from €9,888 to €4,525
- Current portion of long-term debt +€4,053
up €4,053 (+53.7%), from €7,546 to €11,600
- Other debts +€3,763
new in 2025: €3,763
- Depreciation +€7,595
up €7,595 (+54.8%), from €13,861 to €21,456
- Gross operating margin +€7,525
up €7,525 (+38.8%), from €19,391 to €26,916
- Financial income -€4,341
no longer reported in 2025 (was €4,341)
- Taxes -€3,631
down €3,631 (-73.8%), from €4,920 to €1,289
- Other operating charges +€594
new in 2025: €594
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 | €143,709 | €117,365 | -€26,344 | -18.3% |
| Fixed assets | 21/28 | €45,643 | €70,415 | +€24,772 | +54.3% |
| Tangible fixed assets | 22/27 | €45,643 | €67,025 | +€21,382 | +46.8% |
| Plant, machinery and equipment | 23 | €16,499 | €24,660 | +€8,161 | +49.5% |
| Furniture and vehicles | 24 | €29,144 | €42,365 | +€13,221 | +45.4% |
| Financial fixed assets | 28 | - | €3,390 | +€3,390 | |
| Current assets | 29/58 | €98,066 | €46,950 | -€51,116 | -52.1% |
| Stocks and contracts in progress | 3 | €7,888 | €23,708 | +€15,820 | +201% |
| Stocks | 30/36 | €4,783 | €14,283 | +€9,500 | +199% |
| Contracts in progress | 37 | €3,105 | €9,425 | +€6,320 | +204% |
| Amounts receivable within one year | 40/41 | €87,533 | €14,764 | -€72,769 | -83.1% |
| Trade receivables | 40 | €2,616 | €12,534 | +€9,918 | +379% |
| Other amounts receivable | 41 | €84,917 | €2,230 | -€82,687 | -97.4% |
| Cash at bank and in hand | 54/58 | €2,645 | €8,478 | +€5,833 | +221% |
| Total equity and liabilities | 10/49 | €143,709 | €117,365 | -€26,344 | -18.3% |
| Equity | 10/15 | €95,243 | €56,132 | -€39,111 | -41.1% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €74,792 | €35,680 | -€39,111 | -52.3% |
| Distributable reserves | 133 | €74,792 | €35,680 | -€39,111 | -52.3% |
| Amounts payable | 17/49 | €48,466 | €61,233 | +€12,767 | +26.3% |
| Amounts payable after more than one year | 17 | €27,179 | €40,053 | +€12,874 | +47.4% |
| Financial debts | 170/4 | €27,179 | €40,053 | +€12,874 | +47.4% |
| Amounts payable within one year | 42/48 | €21,287 | €21,180 | -€107 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €7,546 | €11,600 | +€4,053 | +53.7% |
| Trade debts | 44 | €9,888 | €4,525 | -€5,363 | -54.2% |
| Suppliers | 440/4 | €9,888 | €4,525 | -€5,363 | -54.2% |
| Taxes, remuneration and social security | 45 | €3,852 | €1,293 | -€2,559 | -66.4% |
| Taxes | 450/3 | €3,852 | €1,293 | -€2,559 | -66.4% |
| Other amounts payable | 47/48 | - | €3,763 | +€3,763 | |
| Non-recurring operating income | 76A | €393 | - | -€393 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,861 | €21,456 | +€7,595 | +54.8% |
| Other operating charges | 640/8 | - | €594 | +€594 | |
| Gross operating margin | 9900 | €19,391 | €26,916 | +€7,525 | +38.8% |
| Operating profit (loss) | 9901 | €5,530 | €4,866 | -€664 | -12.0% |
| Financial income | 75/76B | €4,341 | - | -€4,341 | |
| Recurring financial income | 75 | €4,341 | - | -€4,341 | |
| Financial charges | 65/66B | €2,153 | €2,688 | +€535 | +24.8% |
| Recurring financial charges | 65 | €2,153 | €2,688 | +€535 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €7,718 | €2,178 | -€5,540 | -71.8% |
| Income taxes | 67/77 | €4,920 | €1,289 | -€3,631 | -73.8% |
| Profit (loss) for the period | 9904 | €2,798 | €889 | -€1,909 | -68.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,798 | €889 | -€1,909 | -68.2% |
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 14 October 2026 via checked.be.