invHestia: 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.
invHestia
Largest movements
- Stocks and contracts -€98,702
down €98,702 (-24.2%), from €407,557 to €308,856
- Cash +€17,201
up €17,201 (+22.6%), from €76,169 to €93,370
mainly Net result for the year (+€149,750) and Tax, wage and social debts (+€148,455)
- Receivables within one year +€10,015
up €10,015 (+418%), from €2,398 to €12,413
of which Trade receivables: +€10,593
- Other debts -€211,015
no longer reported in 2025 (was €211,015)
- Current portion of long-term debt -€167,000
no longer reported in 2025 (was €167,000)
- Reserves +€149,750
up €149,750 (+276%), from €54,317 to €204,067
- Tax, wage and social debts +€148,455
up €148,455 (+580%), from €25,616 to €174,071
- Accrued charges and deferred income +€12,982
up €12,982 (+105%), from €12,379 to €25,361
- Gross operating margin +€105,510
up €105,510 (+81.6%), from €129,281 to €234,791
- Taxes +€44,329
up €44,329 (+173%), from €25,616 to €69,945
- Other operating charges -€16,811
down €16,811 (-94.5%), from €17,786 to €974
- Financial charges -€2,909
down €2,909 (-17.7%), from €16,453 to €13,544
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 | €487,647 | €415,917 | -€71,730 | -14.7% |
| Fixed assets | 21/28 | €1,397 | €819 | -€578 | -41.4% |
| Tangible fixed assets | 22/27 | €1,397 | €819 | -€578 | -41.4% |
| Plant, machinery and equipment | 23 | €1,397 | €819 | -€578 | -41.4% |
| Current assets | 29/58 | €486,249 | €415,098 | -€71,152 | -14.6% |
| Stocks and contracts in progress | 3 | €407,557 | €308,856 | -€98,702 | -24.2% |
| Stocks | 30/36 | €407,557 | €308,856 | -€98,702 | -24.2% |
| Amounts receivable within one year | 40/41 | €2,398 | €12,413 | +€10,015 | +418% |
| Trade receivables | 40 | €1,047 | €11,640 | +€10,593 | +1,012% |
| Other amounts receivable | 41 | €1,351 | €772 | -€579 | -42.8% |
| Cash at bank and in hand | 54/58 | €76,169 | €93,370 | +€17,201 | +22.6% |
| Deferred charges and accrued income | 490/1 | €125 | €460 | +€335 | +267% |
| Total equity and liabilities | 10/49 | €487,647 | €415,917 | -€71,730 | -14.7% |
| Equity | 10/15 | €59,317 | €209,067 | +€149,750 | +252% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €54,317 | €204,067 | +€149,750 | +276% |
| Distributable reserves | 133 | €54,317 | €204,067 | +€149,750 | +276% |
| Amounts payable | 17/49 | €428,329 | €206,850 | -€221,479 | -51.7% |
| Amounts payable within one year | 42/48 | €415,951 | €181,489 | -€234,461 | -56.4% |
| Current portion of amounts payable after more than one year | 42 | €167,000 | - | -€167,000 | |
| Trade debts | 44 | €12,320 | €7,418 | -€4,902 | -39.8% |
| Suppliers | 440/4 | €12,320 | €7,418 | -€4,902 | -39.8% |
| Taxes, remuneration and social security | 45 | €25,616 | €174,071 | +€148,455 | +580% |
| Taxes | 450/3 | €25,616 | €174,071 | +€148,455 | +580% |
| Other amounts payable | 47/48 | €211,015 | - | -€211,015 | |
| Accrued charges and deferred income | 492/3 | €12,379 | €25,361 | +€12,982 | +105% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €337 | €578 | +€241 | +71.4% |
| Other operating charges | 640/8 | €17,786 | €974 | -€16,811 | -94.5% |
| Gross operating margin | 9900 | €129,281 | €234,791 | +€105,510 | +81.6% |
| Operating profit (loss) | 9901 | €111,158 | €233,239 | +€122,081 | +110% |
| Financial income | 75/76B | €13 | €0 | -€12 | -98.3% |
| Recurring financial income | 75 | €13 | €0 | -€12 | -98.3% |
| Financial charges | 65/66B | €16,453 | €13,544 | -€2,909 | -17.7% |
| Recurring financial charges | 65 | €16,453 | €13,544 | -€2,909 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €94,717 | €219,694 | +€124,977 | +132% |
| Income taxes | 67/77 | €25,616 | €69,945 | +€44,329 | +173% |
| Profit (loss) for the period | 9904 | €69,101 | €149,750 | +€80,648 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €69,101 | €149,750 | +€80,648 | +117% |
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 31 October 2026 via checked.be.