GLOBAL HERPELGEM: what changed
What changed
GLOBAL HERPELGEM
NACE 42.990, Civil engineering
filed annual accounts (NBB)
Net result for the year
€1.0m
2024 · €971,162+€38,678
Equity
€898,517
2024 · -€111,323+€1.0m
Cash
€792,331
2024 · €91,055+€701,275
Balance sheet total
€4.4m
2024 · €3.7m+€685,494
Largest movements
Assets
- Cash +€701,275
up €701,275 (+770%), from €91,055 to €792,331
mainly Net result for the year (+€1.0m) and Trade debts (+€479,704)
Equity and liabilities
- Provisions -€1.2m
down €1.2m (-100%), from €1.2m to €0
- Profit (loss) carried forward +€1.0m
up €1.0m (+62.7%), from -€1.6m to -€601,483
- Trade debts +€479,704
up €479,704 (+100%), from €477,399 to €957,102
- Other debts +€355,000
up €355,000 (+19.2%), from €1.8m to €2.2m
- Accrued charges and deferred income +€109,387
up €109,387 (+48.9%), from €223,873 to €333,260
Income statement
- Provisions +€1.9m
up €1.9m (+61.1%), from -€3.1m to -€1.2m
- Gross operating margin -€1.6m
down €1.6m (-66.8%), from €2.3m to €777,826
- Write-downs -€1.0m
down €1.0m, from €932,336 to -€70,849
- Other operating charges -€71,446
down €71,446 (-65.3%), from €109,334 to €37,888
- Financial charges -€25,765
down €25,765 (-18.9%), from €136,357 to €110,592
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€971,162
Gross operating margin
-€1.6m
Depreciation
+€1,944
Write-downs
+€1.0m
Provisions
-€1.9m
Other operating charges
+€71,446
Other operating items
+€2.4m
Financial income
-€3,437
Financial charges
+€25,765
Taxes
-€1,005
Result 2025
€1.0m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€701,275
Investment
€0
Financing
€0
Cash 2024
€91,055
From operations (derived)
+€701,275
Net result for the year
+€1.0m
Receivables within one year
+€15,782
Deferred charges and accrued income
+€0
Provisions
-€1.2m
Trade debts
+€479,704
Tax, wage and social debts
-€49,000
Other debts
+€355,000
Accrued charges and deferred income
+€109,387
Cash 2025
€792,331
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,704,385 | €4,389,879 | +€685,494 | +18.5% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €3,704,385 | €4,389,879 | +€685,494 | +18.5% |
| Stocks and contracts in progress | 3 | €3,312,384 | €3,312,384 | = | 0.0% |
| Stocks | 30/36 | €3,312,384 | €3,312,384 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €300,881 | €285,099 | -€15,782 | -5.2% |
| Trade receivables | 40 | €40,878 | €36,565 | -€4,313 | -10.6% |
| Other amounts receivable | 41 | €260,003 | €248,535 | -€11,468 | -4.4% |
| Cash at bank and in hand | 54/58 | €91,055 | €792,331 | +€701,275 | +770% |
| Deferred charges and accrued income | 490/1 | €65 | €65 | -€0 | -0.3% |
| Total equity and liabilities | 10/49 | €3,704,385 | €4,389,879 | +€685,494 | +18.5% |
| Equity | 10/15 | -€111,323 | €898,517 | +€1.0m | |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,611,323 | -€601,483 | +€1.0m | +62.7% |
| Provisions and deferred taxes | 16 | €1,219,436 | €0 | -€1.2m | -100% |
| Provisions for liabilities and charges | 160/5 | €1,219,436 | €0 | -€1.2m | -100% |
| Environmental obligations | 163 | €1,219,436 | €0 | -€1.2m | -100% |
| Amounts payable | 17/49 | €2,596,272 | €3,491,362 | +€895,091 | +34.5% |
| Amounts payable within one year | 42/48 | €2,372,399 | €3,158,102 | +€785,704 | +33.1% |
| Trade debts | 44 | €477,399 | €957,102 | +€479,704 | +100% |
| Suppliers | 440/4 | €477,399 | €957,102 | +€479,704 | +100% |
| Taxes, remuneration and social security | 45 | €50,000 | €1,000 | -€49,000 | -98.0% |
| Taxes | 450/3 | €50,000 | €1,000 | -€49,000 | -98.0% |
| Other amounts payable | 47/48 | €1,845,000 | €2,200,000 | +€355,000 | +19.2% |
| Accrued charges and deferred income | 492/3 | €223,873 | €333,260 | +€109,387 | +48.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,944 | €0 | -€1,944 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €932,336 | -€70,849 | -€1.0m | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,132,254 | -€1,219,436 | +€1.9m | +61.1% |
| Other operating charges | 640/8 | €109,334 | €37,888 | -€71,446 | -65.3% |
| Non-recurring operating charges | 66A | €3,329,788 | €908,804 | -€2.4m | -72.7% |
| Gross operating margin | 9900 | €2,345,214 | €777,826 | -€1.6m | -66.8% |
| Operating profit (loss) | 9901 | €1,104,066 | €1,121,420 | +€17,354 | +1.6% |
| Financial income | 75/76B | €3,453 | €16 | -€3,437 | -99.5% |
| Recurring financial income | 75 | €3,453 | €16 | -€3,437 | -99.5% |
| Financial charges | 65/66B | €136,357 | €110,592 | -€25,765 | -18.9% |
| Recurring financial charges | 65 | €136,357 | €110,592 | -€25,765 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €971,162 | €1,010,844 | +€39,682 | +4.1% |
| Income taxes | 67/77 | - | €1,005 | +€1,005 | |
| Profit (loss) for the period | 9904 | €971,162 | €1,009,839 | +€38,678 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €971,162 | €1,009,839 | +€38,678 | +4.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.