HESTIO: 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.
HESTIO
Largest movements
- Tangible fixed assets +€74,900
up €74,900 (+90.2%), from €83,050 to €157,951
of which Plant, machinery and equipment: +€51,473
- Receivables within one year -€23,263
down €23,263 (-39.5%), from €58,850 to €35,587
of which Trade receivables: -€26,512
- Profit (loss) carried forward +€45,239
up €45,239 (+22.8%), from €198,578 to €243,817
- Debts after one year +€13,741
new in 2025: €13,741
- Current portion of long-term debt +€9,874
new in 2025: €9,874
- Trade debts -€6,591
down €6,591 (-32.5%), from €20,277 to €13,686
- Tax, wage and social debts -€6,305
down €6,305 (-66.9%), from €9,428 to €3,123
of which Taxes: -€3,803
- Gross operating margin +€43,043
up €43,043 (+59.4%), from €72,446 to €115,489
- Other operating charges +€15,964
up €15,964 (+803%), from €1,987 to €17,952
- Depreciation +€10,981
up €10,981 (+48.8%), from €22,509 to €33,490
- Taxes +€9,386
up €9,386 (+94.5%), from €9,928 to €19,314
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 | €421,219 | €477,538 | +€56,319 | +13.4% |
| Fixed assets | 21/28 | €83,050 | €157,951 | +€74,900 | +90.2% |
| Tangible fixed assets | 22/27 | €83,050 | €157,951 | +€74,900 | +90.2% |
| Land and buildings | 22 | €11,375 | €15,421 | +€4,046 | +35.6% |
| Plant, machinery and equipment | 23 | €35,933 | €87,406 | +€51,473 | +143% |
| Furniture and vehicles | 24 | €35,742 | €55,123 | +€19,381 | +54.2% |
| Current assets | 29/58 | €338,168 | €319,587 | -€18,581 | -5.5% |
| Amounts receivable within one year | 40/41 | €58,850 | €35,587 | -€23,263 | -39.5% |
| Trade receivables | 40 | €58,850 | €32,338 | -€26,512 | -45.0% |
| Other amounts receivable | 41 | €0 | €3,249 | +€3,249 | |
| Cash at bank and in hand | 54/58 | €279,318 | €284,000 | +€4,682 | +1.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €421,219 | €477,538 | +€56,319 | +13.4% |
| Equity | 10/15 | €391,038 | €436,277 | +€45,239 | +11.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €173,860 | €173,860 | = | 0.0% |
| Distributable reserves | 133 | €173,860 | €173,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €198,578 | €243,817 | +€45,239 | +22.8% |
| Amounts payable | 17/49 | €30,180 | €41,260 | +€11,080 | +36.7% |
| Amounts payable after more than one year | 17 | - | €13,741 | +€13,741 | |
| Financial debts | 170/4 | - | €13,741 | +€13,741 | |
| Amounts payable within one year | 42/48 | €30,180 | €27,519 | -€2,661 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | - | €9,874 | +€9,874 | |
| Trade debts | 44 | €20,277 | €13,686 | -€6,591 | -32.5% |
| Suppliers | 440/4 | €20,277 | €13,686 | -€6,591 | -32.5% |
| Taxes, remuneration and social security | 45 | €9,428 | €3,123 | -€6,305 | -66.9% |
| Taxes | 450/3 | €6,926 | €3,123 | -€3,803 | -54.9% |
| Remuneration and social security | 454/9 | €2,502 | - | -€2,502 | |
| Other amounts payable | 47/48 | €475 | €835 | +€361 | +76.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,509 | €33,490 | +€10,981 | +48.8% |
| Other operating charges | 640/8 | €1,987 | €17,952 | +€15,964 | +803% |
| Gross operating margin | 9900 | €72,446 | €115,489 | +€43,043 | +59.4% |
| Operating profit (loss) | 9901 | €47,950 | €64,048 | +€16,098 | +33.6% |
| Financial income | 75/76B | €522 | €1,489 | +€967 | +185% |
| Recurring financial income | 75 | €522 | €1,489 | +€967 | +185% |
| Financial charges | 65/66B | €446 | €984 | +€538 | +121% |
| Recurring financial charges | 65 | €446 | €984 | +€538 | +121% |
| Profit (loss) for the period before taxes | 9903 | €48,026 | €64,553 | +€16,527 | +34.4% |
| Income taxes | 67/77 | €9,928 | €19,314 | +€9,386 | +94.5% |
| Profit (loss) for the period | 9904 | €38,098 | €45,239 | +€7,141 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,098 | €45,239 | +€7,141 | +18.7% |
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 15 October 2026 via checked.be.