ELECTRO - HERVE: 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.
ELECTRO - HERVE
Largest movements
- Tangible fixed assets +€25,736
up €25,736, from €0 to €25,736
of which Furniture and vehicles: +€25,736
- Cash -€1,742
down €1,742 (-1.9%), from €93,303 to €91,561
mainly Contributions, distributions and other (-€33,000) and Investment in fixed assets (net) (-€29,411)
- Receivables within one year +€1,570
up €1,570 (+14.6%), from €10,782 to €12,352
of which Other amounts receivable: +€1,814
- Other debts +€16,831
up €16,831 (+99.8%), from €16,860 to €33,691
- Debts after one year +€14,030
new in 2025: €14,030
- Reserves -€14,000
down €14,000 (-25.3%), from €55,265 to €41,265
of which Distributable reserves: -€14,000
- Tax, wage and social debts +€5,614
up €5,614 (+749%), from €750 to €6,364
of which Taxes: +€5,614
- Current portion of long-term debt +€3,808
new in 2025: €3,808
- Gross operating margin +€22,095
up €22,095 (+254%), from €8,703 to €30,799
- Taxes +€4,583
up €4,583 (+186%), from €2,459 to €7,043
- Depreciation +€3,674
new in 2025: €3,674
- Financial charges +€526
up €526 (+333%), from €158 to €685
- Financial income +€512
up €512 (+597%), from €86 to €598
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 | €108,700 | €135,523 | +€26,822 | +24.7% |
| Fixed assets | 21/28 | €400 | €26,136 | +€25,736 | +6,434% |
| Tangible fixed assets | 22/27 | €0 | €25,736 | +€25,736 | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €25,736 | +€25,736 | |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €108,300 | €109,386 | +€1,086 | +1.0% |
| Stocks and contracts in progress | 3 | €3,815 | €4,692 | +€876 | +23.0% |
| Stocks | 30/36 | €3,815 | €4,692 | +€876 | +23.0% |
| Amounts receivable within one year | 40/41 | €10,782 | €12,352 | +€1,570 | +14.6% |
| Trade receivables | 40 | €8,423 | €8,178 | -€244 | -2.9% |
| Other amounts receivable | 41 | €2,359 | €4,174 | +€1,814 | +76.9% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €93,303 | €91,561 | -€1,742 | -1.9% |
| Deferred charges and accrued income | 490/1 | €400 | €781 | +€382 | +95.4% |
| Total equity and liabilities | 10/49 | €108,700 | €135,523 | +€26,822 | +24.7% |
| Equity | 10/15 | €91,090 | €77,572 | -€13,518 | -14.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €55,265 | €41,265 | -€14,000 | -25.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €53,405 | €39,405 | -€14,000 | -26.2% |
| Profit (loss) carried forward | 14 | €17,234 | €17,715 | +€482 | +2.8% |
| Amounts payable | 17/49 | €17,610 | €57,951 | +€40,340 | +229% |
| Amounts payable after more than one year | 17 | - | €14,030 | +€14,030 | |
| Financial debts | 170/4 | - | €14,030 | +€14,030 | |
| Amounts payable within one year | 42/48 | €17,610 | €43,921 | +€26,311 | +149% |
| Current portion of amounts payable after more than one year | 42 | - | €3,808 | +€3,808 | |
| Trade debts | 44 | €0 | €58 | +€58 | |
| Suppliers | 440/4 | €0 | €58 | +€58 | |
| Taxes, remuneration and social security | 45 | €750 | €6,364 | +€5,614 | +749% |
| Taxes | 450/3 | €750 | €6,364 | +€5,614 | +749% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €16,860 | €33,691 | +€16,831 | +99.8% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,674 | +€3,674 | |
| Other operating charges | 640/8 | €472 | €513 | +€41 | +8.6% |
| Gross operating margin | 9900 | €8,703 | €30,799 | +€22,095 | +254% |
| Operating profit (loss) | 9901 | €8,231 | €26,611 | +€18,380 | +223% |
| Financial income | 75/76B | €86 | €598 | +€512 | +597% |
| Recurring financial income | 75 | €86 | €598 | +€512 | +597% |
| Financial charges | 65/66B | €158 | €685 | +€526 | +333% |
| Recurring financial charges | 65 | €158 | €685 | +€526 | +333% |
| Profit (loss) for the period before taxes | 9903 | €8,159 | €26,524 | +€18,366 | +225% |
| Income taxes | 67/77 | €2,459 | €7,043 | +€4,583 | +186% |
| Profit (loss) for the period | 9904 | €5,699 | €19,482 | +€13,782 | +242% |
| Profit (loss) for the period to be appropriated | 9905 | €5,699 | €19,482 | +€13,782 | +242% |
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 29 October 2026 via checked.be.