DE HERT: 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 HERT
Largest movements
- Receivables within one year -€9,346
down €9,346 (-11.7%), from €80,103 to €70,757
of which Trade receivables: -€12,691
- Tangible fixed assets +€5,667
up €5,667 (+13.5%), from €42,107 to €47,774
- Cash -€5,603
down €5,603 (-10.1%), from €55,750 to €50,147
mainly Debts after one year (-€23,848) and Trade debts (-€20,135)
- Debts after one year -€23,848
no longer reported in 2025 (was €23,848)
- Profit (loss) carried forward +€21,932
up €21,932 (+22.0%), from €99,472 to €121,404
- Trade debts -€20,135
down €20,135 (-91.1%), from €22,100 to €1,965
- Other debts +€13,671
new in 2025: €13,671
- Current portion of long-term debt +€5,757
up €5,757 (+93.9%), from €6,129 to €11,886
- Gross operating margin +€9,896
up €9,896 (+21.3%), from €46,427 to €56,323
- Depreciation +€4,000
up €4,000 (+64.2%), from €6,233 to €10,233
- Taxes -€3,685
down €3,685 (-78.7%), from €4,685 to €1,000
- Other operating charges -€2,284
down €2,284 (-23.5%), from €9,701 to €7,417
- Financial charges -€2,072
down €2,072 (-96.7%), from €2,144 to €72
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 | €178,716 | €171,062 | -€7,654 | -4.3% |
| Fixed assets | 21/28 | €42,107 | €47,774 | +€5,667 | +13.5% |
| Tangible fixed assets | 22/27 | €42,107 | €47,774 | +€5,667 | +13.5% |
| Furniture and vehicles | 24 | €42,107 | €47,774 | +€5,667 | +13.5% |
| Current assets | 29/58 | €136,609 | €123,288 | -€13,321 | -9.8% |
| Stocks and contracts in progress | 3 | €755 | €755 | = | 0.0% |
| Stocks | 30/36 | €755 | €755 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €80,103 | €70,757 | -€9,346 | -11.7% |
| Trade receivables | 40 | €39,229 | €26,538 | -€12,691 | -32.4% |
| Other amounts receivable | 41 | €40,875 | €44,220 | +€3,345 | +8.2% |
| Cash at bank and in hand | 54/58 | €55,750 | €50,147 | -€5,603 | -10.1% |
| Deferred charges and accrued income | 490/1 | - | €1,628 | +€1,628 | |
| Total equity and liabilities | 10/49 | €178,716 | €171,062 | -€7,654 | -4.3% |
| Equity | 10/15 | €119,932 | €141,864 | +€21,932 | +18.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,472 | €121,404 | +€21,932 | +22.0% |
| Amounts payable | 17/49 | €58,784 | €29,198 | -€29,586 | -50.3% |
| Amounts payable after more than one year | 17 | €23,848 | - | -€23,848 | |
| Financial debts | 170/4 | €23,848 | - | -€23,848 | |
| Amounts payable within one year | 42/48 | €34,936 | €29,198 | -€5,738 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €6,129 | €11,886 | +€5,757 | +93.9% |
| Trade debts | 44 | €22,100 | €1,965 | -€20,135 | -91.1% |
| Suppliers | 440/4 | €22,100 | €1,965 | -€20,135 | -91.1% |
| Taxes, remuneration and social security | 45 | €6,707 | €1,676 | -€5,031 | -75.0% |
| Taxes | 450/3 | €4,295 | - | -€4,295 | |
| Remuneration and social security | 454/9 | €2,412 | €1,676 | -€736 | -30.5% |
| Other amounts payable | 47/48 | - | €13,671 | +€13,671 | |
| Remuneration, social security and pensions | 62 | €15,213 | €15,689 | +€477 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,233 | €10,233 | +€4,000 | +64.2% |
| Other operating charges | 640/8 | €9,701 | €7,417 | -€2,284 | -23.5% |
| Gross operating margin | 9900 | €46,427 | €56,323 | +€9,896 | +21.3% |
| Operating profit (loss) | 9901 | €15,281 | €22,983 | +€7,702 | +50.4% |
| Financial income | 75/76B | €16 | €21 | +€4 | +26.8% |
| Recurring financial income | 75 | €16 | €21 | +€4 | +26.8% |
| Financial charges | 65/66B | €2,144 | €72 | -€2,072 | -96.7% |
| Recurring financial charges | 65 | €2,144 | €72 | -€2,072 | -96.7% |
| Profit (loss) for the period before taxes | 9903 | €13,153 | €22,932 | +€9,779 | +74.4% |
| Income taxes | 67/77 | €4,685 | €1,000 | -€3,685 | -78.7% |
| Profit (loss) for the period | 9904 | €8,468 | €21,932 | +€13,464 | +159% |
| Profit (loss) for the period to be appropriated | 9905 | €8,468 | €21,932 | +€13,464 | +159% |
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.