DE HERDT: 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.
DE HERDT
Largest movements
- Tangible fixed assets -€20,116
down €20,116 (-85.3%), from €23,574 to €3,458
of which Furniture and vehicles: -€19,784
- Receivables within one year +€14,543
up €14,543 (+241%), from €6,034 to €20,577
of which Trade receivables: +€16,445
- Cash -€1,071
down €1,071 (-6.1%), from €17,625 to €16,554
mainly Debts after one year (-€35,000) and Receivables within one year (-€14,543)
- Deferred charges and accrued income +€923
up €923 (+74.9%), from €1,233 to €2,156
- Debts after one year -€35,000
no longer reported in 2025 (was €35,000)
- Reserves +€14,741
up €14,741 (+218%), from €6,767 to €21,508
of which Distributable reserves: +€14,741
- Profit (loss) carried forward +€12,783
up €12,783, from -€12,498 to €285
- Tax, wage and social debts +€2,767
up €2,767 (+1,157%), from €239 to €3,007
- Trade debts -€850
down €850 (-34.8%), from €2,441 to €1,592
- Gross operating margin +€14,272
up €14,272 (+71.8%), from €19,868 to €34,140
- Depreciation -€5,287
down €5,287 (-68.8%), from €7,688 to €2,402
- Taxes +€1,626
up €1,626 (+932%), from €174 to €1,801
- Financial income +€540
up €540 (+200%), from €270 to €810
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 | €51,030 | €45,460 | -€5,570 | -10.9% |
| Fixed assets | 21/28 | €23,574 | €3,458 | -€20,116 | -85.3% |
| Tangible fixed assets | 22/27 | €23,574 | €3,458 | -€20,116 | -85.3% |
| Plant, machinery and equipment | 23 | €1,268 | €936 | -€332 | -26.2% |
| Furniture and vehicles | 24 | €22,306 | €2,522 | -€19,784 | -88.7% |
| Current assets | 29/58 | €27,456 | €42,002 | +€14,546 | +53.0% |
| Stocks and contracts in progress | 3 | €2,563 | €2,714 | +€151 | +5.9% |
| Stocks | 30/36 | €2,563 | €2,714 | +€151 | +5.9% |
| Amounts receivable within one year | 40/41 | €6,034 | €20,577 | +€14,543 | +241% |
| Trade receivables | 40 | €4,133 | €20,577 | +€16,445 | +398% |
| Other amounts receivable | 41 | €1,902 | - | -€1,902 | |
| Cash at bank and in hand | 54/58 | €17,625 | €16,554 | -€1,071 | -6.1% |
| Deferred charges and accrued income | 490/1 | €1,233 | €2,156 | +€923 | +74.9% |
| Total equity and liabilities | 10/49 | €51,030 | €45,460 | -€5,570 | -10.9% |
| Equity | 10/15 | €12,870 | €40,394 | +€27,524 | +214% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,767 | €21,508 | +€14,741 | +218% |
| Tax-exempt reserves | 132 | €4,908 | €4,908 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €16,600 | +€14,741 | +793% |
| Profit (loss) carried forward | 14 | -€12,498 | €285 | +€12,783 | |
| Amounts payable | 17/49 | €38,160 | €5,066 | -€33,094 | -86.7% |
| Amounts payable after more than one year | 17 | €35,000 | - | -€35,000 | |
| Financial debts | 170/4 | €35,000 | - | -€35,000 | |
| Amounts payable within one year | 42/48 | €3,160 | €5,066 | +€1,906 | +60.3% |
| Trade debts | 44 | €2,441 | €1,592 | -€850 | -34.8% |
| Suppliers | 440/4 | €2,441 | €1,592 | -€850 | -34.8% |
| Taxes, remuneration and social security | 45 | €239 | €3,007 | +€2,767 | +1,157% |
| Taxes | 450/3 | €239 | €3,007 | +€2,767 | +1,157% |
| Other amounts payable | 47/48 | €479 | €468 | -€12 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,688 | €2,402 | -€5,287 | -68.8% |
| Other operating charges | 640/8 | €865 | €1,104 | +€239 | +27.6% |
| Non-recurring operating charges | 66A | - | €2,029 | +€2,029 | |
| Gross operating margin | 9900 | €19,868 | €34,140 | +€14,272 | +71.8% |
| Operating profit (loss) | 9901 | €11,315 | €28,605 | +€17,290 | +153% |
| Financial income | 75/76B | €270 | €810 | +€540 | +200% |
| Recurring financial income | 75 | €270 | €810 | +€540 | +200% |
| Financial charges | 65/66B | €358 | €90 | -€268 | -74.9% |
| Recurring financial charges | 65 | €358 | €90 | -€268 | -74.9% |
| Profit (loss) for the period before taxes | 9903 | €11,226 | €29,325 | +€18,098 | +161% |
| Income taxes | 67/77 | €174 | €1,801 | +€1,626 | +932% |
| Profit (loss) for the period | 9904 | €11,052 | €27,524 | +€16,472 | +149% |
| Profit (loss) for the period to be appropriated | 9905 | €11,052 | €27,524 | +€16,472 | +149% |
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 15 October 2026 via checked.be.