ARE HERSTAL FF: 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.
ARE HERSTAL FF
Largest movements
- Receivables within one year -€216,828
down €216,828 (-45.9%), from €472,870 to €256,042
of which Other amounts receivable: -€225,031
- Receivables after one year -€208,212
down €208,212 (-4.1%), from €5.0m to €4.8m
- Cash -€96,047
down €96,047 (-77.5%), from €123,897 to €27,850
mainly Other debts (-€329,532) and Accrued charges and deferred income (-€210,578)
- Other debts -€329,532
down €329,532 (-96.9%), from €340,000 to €10,468
- Profit (loss) carried forward +€222,123
up €222,123 (+1,349%), from €16,469 to €238,592
- Accrued charges and deferred income -€210,578
down €210,578 (-4.0%), from €5.3m to €5.0m
- Debts after one year -€146,681
down €146,681 (-8.5%), from €1.7m to €1.6m
- Tax, wage and social debts -€87,427
down €87,427 (-99.6%), from €87,789 to €362
- Gross operating margin +€18,952
up €18,952 (+5.8%), from €324,935 to €343,887
- Taxes -€17,431
down €17,431 (-22.8%), from €76,534 to €59,103
- Financial charges -€7,214
down €7,214 (-15.9%), from €45,267 to €38,054
- Financial income -€5,839
down €5,839 (-49.5%), from €11,809 to €5,969
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 | €7,860,673 | €7,310,594 | -€550,079 | -7.0% |
| Fixed assets | 21/28 | €2,240,046 | €2,211,109 | -€28,938 | -1.3% |
| Tangible fixed assets | 22/27 | €2,240,046 | €2,211,109 | -€28,938 | -1.3% |
| Land and buildings | 22 | €2,240,046 | €2,211,109 | -€28,938 | -1.3% |
| Current assets | 29/58 | €5,620,626 | €5,099,485 | -€521,141 | -9.3% |
| Amounts receivable after more than one year | 29 | €5,023,695 | €4,815,483 | -€208,212 | -4.1% |
| Trade receivables | 290 | €5,023,695 | €4,815,483 | -€208,212 | -4.1% |
| Amounts receivable within one year | 40/41 | €472,870 | €256,042 | -€216,828 | -45.9% |
| Trade receivables | 40 | €235,720 | €243,923 | +€8,203 | +3.5% |
| Other amounts receivable | 41 | €237,150 | €12,119 | -€225,031 | -94.9% |
| Cash at bank and in hand | 54/58 | €123,897 | €27,850 | -€96,047 | -77.5% |
| Deferred charges and accrued income | 490/1 | €165 | €110 | -€55 | -33.3% |
| Total equity and liabilities | 10/49 | €7,860,673 | €7,310,594 | -€550,079 | -7.0% |
| Equity | 10/15 | €298,069 | €520,192 | +€222,123 | +74.5% |
| Contributions | 10/11 | €256,000 | €256,000 | = | 0.0% |
| Capital | 10 | €256,000 | €256,000 | = | 0.0% |
| Issued capital | 100 | €256,000 | €256,000 | = | 0.0% |
| Reserves | 13 | €25,600 | €25,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,600 | €25,600 | = | 0.0% |
| Legal reserve | 130 | €25,600 | €25,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,469 | €238,592 | +€222,123 | +1,349% |
| Amounts payable | 17/49 | €7,562,604 | €6,790,402 | -€772,202 | -10.2% |
| Amounts payable after more than one year | 17 | €1,734,027 | €1,587,346 | -€146,681 | -8.5% |
| Financial debts | 170/4 | €1,734,027 | €1,587,346 | -€146,681 | -8.5% |
| Amounts payable within one year | 42/48 | €575,887 | €160,944 | -€414,943 | -72.1% |
| Current portion of amounts payable after more than one year | 42 | €144,570 | €146,681 | +€2,111 | +1.5% |
| Trade debts | 44 | €3,527 | €3,433 | -€95 | -2.7% |
| Suppliers | 440/4 | €3,527 | €3,433 | -€95 | -2.7% |
| Taxes, remuneration and social security | 45 | €87,789 | €362 | -€87,427 | -99.6% |
| Taxes | 450/3 | €87,789 | €362 | -€87,427 | -99.6% |
| Other amounts payable | 47/48 | €340,000 | €10,468 | -€329,532 | -96.9% |
| Accrued charges and deferred income | 492/3 | €5,252,690 | €5,042,112 | -€210,578 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,938 | €28,938 | = | 0.0% |
| Other operating charges | 640/8 | €1,438 | €1,639 | +€200 | +13.9% |
| Gross operating margin | 9900 | €324,935 | €343,887 | +€18,952 | +5.8% |
| Operating profit (loss) | 9901 | €294,559 | €313,311 | +€18,751 | +6.4% |
| Financial income | 75/76B | €11,809 | €5,969 | -€5,839 | -49.5% |
| Recurring financial income | 75 | €11,809 | €5,969 | -€5,839 | -49.5% |
| Financial charges | 65/66B | €45,267 | €38,054 | -€7,214 | -15.9% |
| Recurring financial charges | 65 | €45,267 | €38,054 | -€7,214 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €261,101 | €281,226 | +€20,125 | +7.7% |
| Income taxes | 67/77 | €76,534 | €59,103 | -€17,431 | -22.8% |
| Profit (loss) for the period | 9904 | €184,567 | €222,123 | +€37,556 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €184,567 | €222,123 | +€37,556 | +20.3% |
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 17 October 2026 via checked.be.