HESYS: 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.
HESYS
Largest movements
- Tangible fixed assets -€9,244
down €9,244 (-6.1%), from €151,169 to €141,926
of which Land and buildings: -€8,438
- Receivables after one year -€3,219
down €3,219 (-3.8%), from €84,898 to €81,679
- Reserves +€21,057
up €21,057 (+12.1%), from €173,548 to €194,605
of which Distributable reserves: +€21,057
- Debts after one year -€17,032
down €17,032 (-43.7%), from €38,946 to €21,914
of which Financial debts: -€15,832
- Contributions -€12,400
no longer reported in 2025 (was €12,400)
- Tax, wage and social debts -€5,223
down €5,223 (-18.1%), from €28,906 to €23,684
- Gross operating margin -€6,541
down €6,541 (-8.1%), from €80,934 to €74,393
- Other operating charges -€2,954
down €2,954 (-44.4%), from €6,648 to €3,694
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 | €312,251 | €297,131 | -€15,120 | -4.8% |
| Fixed assets | 21/28 | €151,319 | €142,076 | -€9,244 | -6.1% |
| Tangible fixed assets | 22/27 | €151,169 | €141,926 | -€9,244 | -6.1% |
| Land and buildings | 22 | €147,699 | €139,261 | -€8,438 | -5.7% |
| Other tangible fixed assets | 26 | €3,470 | €2,664 | -€806 | -23.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €160,932 | €155,056 | -€5,876 | -3.7% |
| Amounts receivable after more than one year | 29 | €84,898 | €81,679 | -€3,219 | -3.8% |
| Other amounts receivable | 291 | €84,898 | €81,679 | -€3,219 | -3.8% |
| Amounts receivable within one year | 40/41 | €35,941 | €36,535 | +€594 | +1.7% |
| Trade receivables | 40 | €26,298 | €31,385 | +€5,087 | +19.3% |
| Other amounts receivable | 41 | €9,643 | €5,150 | -€4,493 | -46.6% |
| Cash at bank and in hand | 54/58 | €39,473 | €36,843 | -€2,630 | -6.7% |
| Deferred charges and accrued income | 490/1 | €620 | - | -€620 | |
| Total equity and liabilities | 10/49 | €312,251 | €297,131 | -€15,120 | -4.8% |
| Equity | 10/15 | €201,129 | €209,786 | +€8,657 | +4.3% |
| Contributions | 10/11 | €12,400 | - | -€12,400 | |
| Capital | 10 | €12,400 | - | -€12,400 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €173,548 | €194,605 | +€21,057 | +12.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | €21,341 | €21,341 | = | 0.0% |
| Distributable reserves | 133 | €150,347 | €171,404 | +€21,057 | +14.0% |
| Profit (loss) carried forward | 14 | €15,181 | €15,181 | = | 0.0% |
| Amounts payable | 17/49 | €111,122 | €87,346 | -€23,777 | -21.4% |
| Amounts payable after more than one year | 17 | €38,946 | €21,914 | -€17,032 | -43.7% |
| Financial debts | 170/4 | €37,746 | €21,914 | -€15,832 | -41.9% |
| Other amounts payable | 178/9 | €1,200 | - | -€1,200 | |
| Amounts payable within one year | 42/48 | €72,176 | €65,432 | -€6,745 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €15,334 | €15,832 | +€499 | +3.3% |
| Trade debts | 44 | €9,451 | €7,256 | -€2,195 | -23.2% |
| Suppliers | 440/4 | €9,451 | €7,256 | -€2,195 | -23.2% |
| Taxes, remuneration and social security | 45 | €28,906 | €23,684 | -€5,223 | -18.1% |
| Taxes | 450/3 | €28,906 | €23,684 | -€5,223 | -18.1% |
| Other amounts payable | 47/48 | €18,485 | €18,660 | +€174 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,525 | €9,244 | -€282 | -3.0% |
| Other operating charges | 640/8 | €6,648 | €3,694 | -€2,954 | -44.4% |
| Gross operating margin | 9900 | €80,934 | €74,393 | -€6,541 | -8.1% |
| Operating profit (loss) | 9901 | €64,761 | €61,455 | -€3,306 | -5.1% |
| Financial income | 75/76B | €1,192 | €758 | -€434 | -36.4% |
| Recurring financial income | 75 | €1,192 | €758 | -€434 | -36.4% |
| Financial charges | 65/66B | €2,753 | €2,019 | -€734 | -26.7% |
| Recurring financial charges | 65 | €2,753 | €2,019 | -€734 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €63,200 | €60,194 | -€3,006 | -4.8% |
| Income taxes | 67/77 | €13,019 | €13,597 | +€577 | +4.4% |
| Profit (loss) for the period | 9904 | €50,181 | €46,597 | -€3,584 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,181 | €46,597 | -€3,584 | -7.1% |
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 11 October 2026 via checked.be.