HESTOLL: 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.
HESTOLL
Largest movements
- Tangible fixed assets +€321,950
up €321,950 (+306%), from €105,295 to €427,246
of which Land and buildings: +€323,844
- Cash -€12,259
down €12,259 (-16.8%), from €73,111 to €60,851
mainly Investment in fixed assets (net) (-€403,836) and Receivables within one year (-€6,302)
- Intangible fixed assets -€9,307
down €9,307 (-44.6%), from €20,861 to €11,555
- Receivables within one year +€6,302
up €6,302 (+63.5%), from €9,925 to €16,227
of which Other amounts receivable: +€6,831
- Debts after one year +€252,615
up €252,615 (+248%), from €101,708 to €354,323
- Reserves +€23,191
up €23,191 (+32.3%), from €71,729 to €94,920
- Trade debts +€21,013
up €21,013 (+195%), from €10,799 to €31,812
- Current portion of long-term debt +€18,066
up €18,066 (+69.7%), from €25,933 to €44,000
- Gross operating margin -€46,496
down €46,496 (-25.9%), from €179,415 to €132,918
- Depreciation +€44,945
up €44,945 (+97.2%), from €46,248 to €91,193
- Staff costs -€37,770
down €37,770 (-99.5%), from €37,979 to €208
- Taxes -€9,461
down €9,461 (-56.6%), from €16,707 to €7,247
- Financial charges -€5,965
down €5,965 (-39.3%), from €15,182 to €9,217
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 | €249,975 | €560,993 | +€311,018 | +124% |
| Fixed assets | 21/28 | €126,157 | €438,800 | +€312,643 | +248% |
| Intangible fixed assets | 21 | €20,861 | €11,555 | -€9,307 | -44.6% |
| Tangible fixed assets | 22/27 | €105,295 | €427,246 | +€321,950 | +306% |
| Land and buildings | 22 | - | €323,844 | +€323,844 | |
| Plant, machinery and equipment | 23 | €71,933 | €85,443 | +€13,511 | +18.8% |
| Furniture and vehicles | 24 | €33,363 | €17,959 | -€15,404 | -46.2% |
| Current assets | 29/58 | €123,818 | €122,193 | -€1,626 | -1.3% |
| Amounts receivable after more than one year | 29 | €23,000 | €23,000 | = | 0.0% |
| Other amounts receivable | 291 | €23,000 | €23,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €16,220 | €17,355 | +€1,135 | +7.0% |
| Stocks | 30/36 | €16,220 | €17,355 | +€1,135 | +7.0% |
| Amounts receivable within one year | 40/41 | €9,925 | €16,227 | +€6,302 | +63.5% |
| Trade receivables | 40 | €529 | - | -€529 | |
| Other amounts receivable | 41 | €9,396 | €16,227 | +€6,831 | +72.7% |
| Cash at bank and in hand | 54/58 | €73,111 | €60,851 | -€12,259 | -16.8% |
| Deferred charges and accrued income | 490/1 | €1,562 | €4,758 | +€3,196 | +205% |
| Total equity and liabilities | 10/49 | €249,975 | €560,993 | +€311,018 | +124% |
| Equity | 10/15 | €96,729 | €119,920 | +€23,191 | +24.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €71,729 | €94,920 | +€23,191 | +32.3% |
| Distributable reserves | 133 | €71,729 | €94,920 | +€23,191 | +32.3% |
| Amounts payable | 17/49 | €153,246 | €441,072 | +€287,826 | +188% |
| Amounts payable after more than one year | 17 | €101,708 | €354,323 | +€252,615 | +248% |
| Financial debts | 170/4 | €101,708 | €354,323 | +€252,615 | +248% |
| Amounts payable within one year | 42/48 | €51,538 | €86,749 | +€35,212 | +68.3% |
| Current portion of amounts payable after more than one year | 42 | €25,933 | €44,000 | +€18,066 | +69.7% |
| Trade debts | 44 | €10,799 | €31,812 | +€21,013 | +195% |
| Suppliers | 440/4 | €10,799 | €31,812 | +€21,013 | +195% |
| Taxes, remuneration and social security | 45 | €13,087 | €10,937 | -€2,150 | -16.4% |
| Taxes | 450/3 | €10,344 | €10,937 | +€593 | +5.7% |
| Remuneration and social security | 454/9 | €2,744 | - | -€2,744 | |
| Other amounts payable | 47/48 | €1,718 | - | -€1,718 | |
| Remuneration, social security and pensions | 62 | €37,979 | €208 | -€37,770 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,248 | €91,193 | +€44,945 | +97.2% |
| Other operating charges | 640/8 | €2,732 | €3,215 | +€483 | +17.7% |
| Non-recurring operating charges | 66A | €1,481 | - | -€1,481 | |
| Gross operating margin | 9900 | €179,415 | €132,918 | -€46,496 | -25.9% |
| Operating profit (loss) | 9901 | €90,975 | €38,302 | -€52,673 | -57.9% |
| Financial income | 75/76B | €602 | €1,353 | +€751 | +125% |
| Recurring financial income | 75 | €602 | €1,353 | +€751 | +125% |
| Financial charges | 65/66B | €15,182 | €9,217 | -€5,965 | -39.3% |
| Recurring financial charges | 65 | €15,182 | €9,217 | -€5,965 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | €76,395 | €30,438 | -€45,957 | -60.2% |
| Income taxes | 67/77 | €16,707 | €7,247 | -€9,461 | -56.6% |
| Profit (loss) for the period | 9904 | €59,688 | €23,191 | -€36,496 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,688 | €23,191 | -€36,496 | -61.1% |
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.