HESUCHIA: 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.
HESUCHIA
Largest movements
- Current investments +€119,202
up €119,202 (+23.4%), from €509,895 to €629,097
- Cash -€88,688
down €88,688 (-70.3%), from €126,102 to €37,415
mainly Current investments (-€119,202) and Contributions, distributions and other (-€88,439)
- Receivables within one year +€70,510
up €70,510 (+1,579%), from €4,464 to €74,975
of which Trade receivables: +€70,470
- Reserves +€114,191
up €114,191 (+15.0%), from €763,228 to €877,419
- Financial income +€8,253
up €8,253 (+76.5%), from €10,792 to €19,046
- Staff costs +€8,031
up €8,031 (+20.9%), from €38,509 to €46,541
- Gross operating margin +€7,234
up €7,234 (+1.9%), from €384,380 to €391,614
- Depreciation +€6,246
up €6,246 (+28.9%), from €21,586 to €27,832
- Taxes +€5,950
up €5,950 (+6.6%), from €90,091 to €96,041
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 | €1,266,566 | €1,379,478 | +€112,912 | +8.9% |
| Fixed assets | 21/28 | €623,711 | €636,060 | +€12,350 | +2.0% |
| Tangible fixed assets | 22/27 | €623,711 | €636,060 | +€12,350 | +2.0% |
| Land and buildings | 22 | €618,018 | €600,685 | -€17,333 | -2.8% |
| Furniture and vehicles | 24 | €5,693 | €35,376 | +€29,683 | +521% |
| Current assets | 29/58 | €642,855 | €743,417 | +€100,562 | +15.6% |
| Amounts receivable within one year | 40/41 | €4,464 | €74,975 | +€70,510 | +1,579% |
| Trade receivables | 40 | €4,464 | €74,934 | +€70,470 | +1,578% |
| Other amounts receivable | 41 | - | €40 | +€40 | |
| Current investments | 50/53 | €509,895 | €629,097 | +€119,202 | +23.4% |
| Cash at bank and in hand | 54/58 | €126,102 | €37,415 | -€88,688 | -70.3% |
| Deferred charges and accrued income | 490/1 | €2,393 | €1,931 | -€462 | -19.3% |
| Total equity and liabilities | 10/49 | €1,266,566 | €1,379,478 | +€112,912 | +8.9% |
| Equity | 10/15 | €781,828 | €896,019 | +€114,191 | +14.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €763,228 | €877,419 | +€114,191 | +15.0% |
| Distributable reserves | 133 | €763,228 | €877,419 | +€114,191 | +15.0% |
| Amounts payable | 17/49 | €484,738 | €483,458 | -€1,279 | -0.3% |
| Amounts payable within one year | 42/48 | €481,521 | €479,394 | -€2,127 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €12,707 | €15,880 | +€3,173 | +25.0% |
| Trade debts | 44 | €1,158 | €943 | -€215 | -18.6% |
| Suppliers | 440/4 | €1,158 | €943 | -€215 | -18.6% |
| Advances received on contracts in progress | 46 | €3,630 | - | -€3,630 | |
| Taxes, remuneration and social security | 45 | €62,364 | €57,486 | -€4,879 | -7.8% |
| Taxes | 450/3 | €60,596 | €52,076 | -€8,520 | -14.1% |
| Remuneration and social security | 454/9 | €1,769 | €5,410 | +€3,641 | +206% |
| Other amounts payable | 47/48 | €401,661 | €405,086 | +€3,424 | +0.9% |
| Accrued charges and deferred income | 492/3 | €3,217 | €4,064 | +€848 | +26.4% |
| Remuneration, social security and pensions | 62 | €38,509 | €46,541 | +€8,031 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,586 | €27,832 | +€6,246 | +28.9% |
| Other operating charges | 640/8 | €7,648 | €8,616 | +€968 | +12.7% |
| Gross operating margin | 9900 | €384,380 | €391,614 | +€7,234 | +1.9% |
| Operating profit (loss) | 9901 | €316,637 | €308,625 | -€8,012 | -2.5% |
| Financial income | 75/76B | €10,792 | €19,046 | +€8,253 | +76.5% |
| Recurring financial income | 75 | €10,792 | €19,046 | +€8,253 | +76.5% |
| Financial charges | 65/66B | €23,821 | €29,000 | +€5,179 | +21.7% |
| Recurring financial charges | 65 | €23,821 | €29,000 | +€5,179 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | €303,608 | €298,671 | -€4,937 | -1.6% |
| Income taxes | 67/77 | €90,091 | €96,041 | +€5,950 | +6.6% |
| Profit (loss) for the period | 9904 | €213,517 | €202,630 | -€10,887 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €213,517 | €202,630 | -€10,887 | -5.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.