D'HERDE: what changed
Two fiscal 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.
D'HERDE
Largest movements
- Cash +€70,806
up €70,806 (+218.4%), from €32,415 to €103,220
mainly Receivables within one year (+€29,430) and Net result for the year (+€23,159)
- Receivables within one year -€29,430
down €29,430 (-74.0%), from €39,743 to €10,313
of which Trade receivables: -€24,132
- Deferred charges and accrued income -€3,457
down €3,457 (-60.4%), from €5,725 to €2,268
- Reserves +€23,159
up €23,159 (+100.0%), from €23,169 to €46,328
- Tax, wage and social debts +€12,016
up €12,016 (+163.0%), from €7,371 to €19,387
- Other debts +€3,645
up €3,645 (+8.7%), from €41,980 to €45,625
- Other operating charges -€19,107
down €19,107 (-95.9%), from €19,917 to €811
- Taxes +€5,731
up €5,731 (+102.9%), from €5,569 to €11,300
- Gross operating margin -€3,786
down €3,786 (-8.8%), from €43,086 to €39,300
- Depreciation -€465
down €465 (-24.0%), from €1,940 to €1,474
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 | €79,983 | €117,998 | +€38,015 | +47.5% |
| Fixed assets | 21/28 | €2,100 | €2,197 | +€97 | +4.6% |
| Tangible fixed assets | 22/27 | €2,100 | €2,197 | +€97 | +4.6% |
| Plant, machinery and equipment | 23 | €148 | €0 | -€148 | -100.0% |
| Furniture and vehicles | 24 | €1,952 | €2,197 | +€245 | +12.5% |
| Current assets | 29/58 | €77,883 | €115,801 | +€37,918 | +48.7% |
| Amounts receivable within one year | 40/41 | €39,743 | €10,313 | -€29,430 | -74.0% |
| Trade receivables | 40 | €33,537 | €9,405 | -€24,132 | -72.0% |
| Other amounts receivable | 41 | €6,206 | €909 | -€5,297 | -85.4% |
| Cash at bank and in hand | 54/58 | €32,415 | €103,220 | +€70,806 | +218.4% |
| Deferred charges and accrued income | 490/1 | €5,725 | €2,268 | -€3,457 | -60.4% |
| Total equity and liabilities | 10/49 | €79,983 | €117,998 | +€38,015 | +47.5% |
| Equity | 10/15 | €29,369 | €52,528 | +€23,159 | +78.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,169 | €46,328 | +€23,159 | +100.0% |
| Distributable reserves | 133 | €23,169 | €46,328 | +€23,159 | +100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €50,614 | €65,470 | +€14,856 | +29.4% |
| Amounts payable within one year | 42/48 | €50,590 | €65,470 | +€14,880 | +29.4% |
| Trade debts | 44 | €1,239 | €458 | -€781 | -63.0% |
| Suppliers | 440/4 | €1,239 | €458 | -€781 | -63.0% |
| Taxes, remuneration and social security | 45 | €7,371 | €19,387 | +€12,016 | +163.0% |
| Taxes | 450/3 | €7,371 | €19,387 | +€12,016 | +163.0% |
| Other amounts payable | 47/48 | €41,980 | €45,625 | +€3,645 | +8.7% |
| Accrued charges and deferred income | 492/3 | €23 | €0 | -€23 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,940 | €1,474 | -€465 | -24.0% |
| Other operating charges | 640/8 | €19,917 | €811 | -€19,107 | -95.9% |
| Gross operating margin | 9900 | €43,086 | €39,300 | -€3,786 | -8.8% |
| Operating profit (loss) | 9901 | €21,229 | €37,015 | +€15,786 | +74.4% |
| Financial income | 75/76B | €0 | €166 | +€166 | |
| Recurring financial income | 75 | €0 | €166 | +€166 | |
| Financial charges | 65/66B | €3,000 | €2,723 | -€277 | -9.2% |
| Recurring financial charges | 65 | €3,000 | €2,723 | -€277 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €18,229 | €34,458 | +€16,230 | +89.0% |
| Income taxes | 67/77 | €5,569 | €11,300 | +€5,731 | +102.9% |
| Profit (loss) for the period | 9904 | €12,660 | €23,159 | +€10,499 | +82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,660 | €23,159 | +€10,499 | +82.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.