HESTY: what changed
Two fiscal 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.
HESTY
Largest movements
- Tangible fixed assets -€146,515
down €146,515 (-6.5%), from €2.3m to €2.1m
of which Land and buildings: -€74,013
- Other debts -€251,584
down €251,584 (-5.5%), from €4.5m to €4.3m
- Profit (loss) carried forward +€78,390
up €78,390 (+119.6%), from €65,548 to €143,938
- Gross operating margin +€19,931
up €19,931 (+6.7%), from €296,921 to €316,852
- Taxes +€13,067
up €13,067 (+84.5%), from €15,468 to €28,536
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.
Cash bridge derived
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 | €4,734,503 | €4,589,940 | -€144,563 | -3.1% |
| Fixed assets | 21/28 | €4,734,273 | €4,587,758 | -€146,515 | -3.1% |
| Tangible fixed assets | 22/27 | €2,258,233 | €2,111,718 | -€146,515 | -6.5% |
| Land and buildings | 22 | €1,720,341 | €1,646,329 | -€74,013 | -4.3% |
| Furniture and vehicles | 24 | €1,161 | €835 | -€326 | -28.1% |
| Other tangible fixed assets | 26 | €536,730 | €464,554 | -€72,176 | -13.4% |
| Financial fixed assets | 28 | €2,476,040 | €2,476,040 | = | 0.0% |
| Current assets | 29/58 | €230 | €2,182 | +€1,952 | +849.5% |
| Cash at bank and in hand | 54/58 | €230 | €2,182 | +€1,952 | +849.5% |
| Total equity and liabilities | 10/49 | €4,734,503 | €4,589,940 | -€144,563 | -3.1% |
| Equity | 10/15 | €163,748 | €242,138 | +€78,390 | +47.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €36,200 | €36,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €36,200 | €36,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,548 | €143,938 | +€78,390 | +119.6% |
| Amounts payable | 17/49 | €4,570,755 | €4,347,802 | -€222,952 | -4.9% |
| Amounts payable after more than one year | 17 | €3,718 | €3,718 | = | 0.0% |
| Other amounts payable | 178/9 | €3,718 | €3,718 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,567,036 | €4,344,084 | -€222,952 | -4.9% |
| Trade debts | 44 | - | €15,468 | +€15,468 | |
| Suppliers | 440/4 | - | €15,468 | +€15,468 | |
| Taxes, remuneration and social security | 45 | €30,130 | €43,293 | +€13,163 | +43.7% |
| Taxes | 450/3 | €30,130 | €43,293 | +€13,163 | +43.7% |
| Other amounts payable | 47/48 | €4,536,906 | €4,285,322 | -€251,584 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,131 | €148,327 | +€196 | +0.1% |
| Other operating charges | 640/8 | €28,108 | €28,990 | +€882 | +3.1% |
| Gross operating margin | 9900 | €296,921 | €316,852 | +€19,931 | +6.7% |
| Operating profit (loss) | 9901 | €120,681 | €139,535 | +€18,854 | +15.6% |
| Financial charges | 65/66B | €34,400 | €32,610 | -€1,790 | -5.2% |
| Recurring financial charges | 65 | €34,400 | €32,610 | -€1,790 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €86,281 | €106,925 | +€20,644 | +23.9% |
| Income taxes | 67/77 | €15,468 | €28,536 | +€13,067 | +84.5% |
| Profit (loss) for the period | 9904 | €70,813 | €78,390 | +€7,577 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €70,813 | €78,390 | +€7,577 | +10.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.