Dr. H. Herbots: 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.
Dr. H. Herbots
Largest movements
- Cash +€48,007
up €48,007 (+502.7%), from €9,550 to €57,557
mainly Net result for the year (+€39,312) and Tax, wage and social debts (+€11,344)
- Receivables after one year +€2,500
new in 2025: €2,500
- Reserves +€39,312
up €39,312 (+625.3%), from €6,287 to €45,599
- Tax, wage and social debts +€11,344
up €11,344 (+592.8%), from €1,914 to €13,258
- Gross operating margin +€42,851
up €42,851 (+515.9%), from €8,307 to €51,157
- Taxes +€9,430
up €9,430 (+492.8%), from €1,914 to €11,344
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 | €13,423 | €63,930 | +€50,507 | +376.3% |
| Current assets | 29/58 | €13,423 | €63,930 | +€50,507 | +376.3% |
| Amounts receivable after more than one year | 29 | - | €2,500 | +€2,500 | |
| Other amounts receivable | 291 | - | €2,500 | +€2,500 | |
| Cash at bank and in hand | 54/58 | €9,550 | €57,557 | +€48,007 | +502.7% |
| Deferred charges and accrued income | 490/1 | €3,873 | €3,873 | = | 0.0% |
| Total equity and liabilities | 10/49 | €13,423 | €63,930 | +€50,507 | +376.3% |
| Equity | 10/15 | €11,287 | €50,599 | +€39,312 | +348.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,287 | €45,599 | +€39,312 | +625.3% |
| Distributable reserves | 133 | €6,287 | €45,599 | +€39,312 | +625.3% |
| Amounts payable | 17/49 | €2,136 | €13,331 | +€11,195 | +524.2% |
| Amounts payable within one year | 42/48 | €2,136 | €13,331 | +€11,195 | +524.2% |
| Taxes, remuneration and social security | 45 | €1,914 | €13,258 | +€11,344 | +592.8% |
| Taxes | 450/3 | €1,914 | €13,258 | +€11,344 | +592.8% |
| Other amounts payable | 47/48 | €222 | €73 | -€149 | -67.2% |
| Other operating charges | 640/8 | €106 | €561 | +€456 | +432.1% |
| Gross operating margin | 9900 | €8,307 | €51,157 | +€42,851 | +515.9% |
| Operating profit (loss) | 9901 | €8,201 | €50,596 | +€42,395 | +516.9% |
| Financial income | 75/76B | - | €75 | +€75 | |
| Recurring financial income | 75 | - | €75 | +€75 | |
| Financial charges | 65/66B | - | €15 | +€15 | |
| Recurring financial charges | 65 | - | €15 | +€15 | |
| Profit (loss) for the period before taxes | 9903 | €8,201 | €50,656 | +€42,455 | +517.7% |
| Income taxes | 67/77 | €1,914 | €11,344 | +€9,430 | +492.8% |
| Profit (loss) for the period | 9904 | €6,287 | €39,312 | +€33,024 | +525.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,287 | €39,312 | +€33,024 | +525.3% |
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 4 October 2026 via checked.be.