Made in Hest: 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.
Made in Hest
Largest movements
- Cash +€8,531
up €8,531 (+15.9%), from €53,673 to €62,205
mainly Net result for the year (+€49,183) and Deferred charges and accrued income (+€950)
- Receivables within one year +€1,347
up €1,347 (+96.2%), from €1,400 to €2,747
of which Other amounts receivable: +€1,545
- Deferred charges and accrued income -€950
down €950 (-49.9%), from €1,901 to €952
- Profit (loss) carried forward +€49,183
up €49,183, from €0 to €49,183
- Other debts -€29,525
down €29,525 (-88.3%), from €33,420 to €3,895
- Tax, wage and social debts -€9,169
down €9,169 (-49.2%), from €18,641 to €9,472
- Trade debts -€1,278
down €1,278 (-29.0%), from €4,412 to €3,134
- Gross operating margin +€19,591
up €19,591 (+44.5%), from €44,026 to €63,618
- Taxes +€4,152
up €4,152 (+44.6%), from €9,300 to €13,452
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 | €58,474 | €67,684 | +€9,211 | +15.8% |
| Fixed assets | 21/28 | €1,499 | €1,781 | +€282 | +18.8% |
| Tangible fixed assets | 22/27 | €1,499 | €1,781 | +€282 | +18.8% |
| Plant, machinery and equipment | 23 | €1,499 | €1,781 | +€282 | +18.8% |
| Current assets | 29/58 | €56,974 | €65,903 | +€8,929 | +15.7% |
| Amounts receivable within one year | 40/41 | €1,400 | €2,747 | +€1,347 | +96.2% |
| Trade receivables | 40 | €198 | €0 | -€198 | -100% |
| Other amounts receivable | 41 | €1,202 | €2,747 | +€1,545 | +129% |
| Cash at bank and in hand | 54/58 | €53,673 | €62,205 | +€8,531 | +15.9% |
| Deferred charges and accrued income | 490/1 | €1,901 | €952 | -€950 | -49.9% |
| Total equity and liabilities | 10/49 | €58,474 | €67,684 | +€9,211 | +15.8% |
| Equity | 10/15 | €2,000 | €51,183 | +€49,183 | +2,459% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €49,183 | +€49,183 | |
| Amounts payable | 17/49 | €56,474 | €16,501 | -€39,972 | -70.8% |
| Amounts payable within one year | 42/48 | €56,474 | €16,501 | -€39,972 | -70.8% |
| Trade debts | 44 | €4,412 | €3,134 | -€1,278 | -29.0% |
| Suppliers | 440/4 | €4,412 | €3,134 | -€1,278 | -29.0% |
| Taxes, remuneration and social security | 45 | €18,641 | €9,472 | -€9,169 | -49.2% |
| Taxes | 450/3 | €18,641 | €9,472 | -€9,169 | -49.2% |
| Other amounts payable | 47/48 | €33,420 | €3,895 | -€29,525 | -88.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,186 | €751 | -€436 | -36.7% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €44,026 | €63,618 | +€19,591 | +44.5% |
| Operating profit (loss) | 9901 | €42,722 | €62,747 | +€20,025 | +46.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2 | €113 | +€111 | +5,916% |
| Recurring financial charges | 65 | €2 | €113 | +€111 | +5,916% |
| Profit (loss) for the period before taxes | 9903 | €42,720 | €62,635 | +€19,914 | +46.6% |
| Income taxes | 67/77 | €9,300 | €13,452 | +€4,152 | +44.6% |
| Profit (loss) for the period | 9904 | €33,420 | €49,183 | +€15,763 | +47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,420 | €49,183 | +€15,763 | +47.2% |
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 21 October 2026 via checked.be.