H.E.R.O.: 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.
H.E.R.O.
Largest movements
- Receivables within one year +€64,412
up €64,412 (+1,203%), from €5,354 to €69,766
- Intangible fixed assets +€5,105
new in 2024: €5,105
- Cash +€4,759
up €4,759 (+120%), from €3,961 to €8,720
mainly Trade debts (+€57,428) and Net result for the year (+€21,009)
- Tangible fixed assets +€2,561
up €2,561 (+809%), from €317 to €2,878
of which Other tangible fixed assets: +€1,834
- Trade debts +€57,428
up €57,428 (+1,070%), from €5,366 to €62,794
- Profit (loss) carried forward +€21,009
up €21,009 (+39.9%), from -€52,616 to -€31,607
- Accrued charges and deferred income -€15,480
down €15,480 (-84.3%), from €18,360 to €2,880
- Tax, wage and social debts +€13,719
up €13,719 (+1,441%), from €952 to €14,671
- Debts after one year -€12,767
down €12,767 (-85.5%), from €14,928 to €2,161
- Gross operating margin +€10,172
up €10,172 (+40.3%), from €25,254 to €35,426
- Other operating charges -€6,022
down €6,022 (-49.8%), from €12,085 to €6,063
- Taxes +€1,660
up €1,660 (+36.9%), from €4,496 to €6,156
- Financial charges -€1,115
down €1,115 (-46.6%), from €2,394 to €1,279
- Depreciation +€512
up €512 (+123%), from €417 to €929
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,632 | €86,469 | +€76,837 | +798% |
| Fixed assets | 21/28 | €317 | €7,983 | +€7,666 | +2,420% |
| Intangible fixed assets | 21 | - | €5,105 | +€5,105 | |
| Tangible fixed assets | 22/27 | €317 | €2,878 | +€2,561 | +809% |
| Furniture and vehicles | 24 | €317 | €1,044 | +€727 | +230% |
| Other tangible fixed assets | 26 | - | €1,834 | +€1,834 | |
| Current assets | 29/58 | €9,315 | €78,486 | +€69,171 | +743% |
| Amounts receivable within one year | 40/41 | €5,354 | €69,766 | +€64,412 | +1,203% |
| Trade receivables | 40 | €5,354 | €69,766 | +€64,412 | +1,203% |
| Cash at bank and in hand | 54/58 | €3,961 | €8,720 | +€4,759 | +120% |
| Total equity and liabilities | 10/49 | €9,632 | €86,469 | +€76,837 | +798% |
| Equity | 10/15 | -€45,239 | -€24,231 | +€21,009 | +46.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,177 | €1,177 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,177 | €1,177 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,177 | €1,177 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,616 | -€31,607 | +€21,009 | +39.9% |
| Amounts payable | 17/49 | €54,871 | €110,700 | +€55,829 | +102% |
| Amounts payable after more than one year | 17 | €14,928 | €2,161 | -€12,767 | -85.5% |
| Financial debts | 170/4 | €14,928 | €2,161 | -€12,767 | -85.5% |
| Amounts payable within one year | 42/48 | €21,583 | €105,659 | +€84,076 | +390% |
| Financial debts | 43 | - | €1,794 | +€1,794 | |
| Credit institutions | 430/8 | - | €1,794 | +€1,794 | |
| Trade debts | 44 | €5,366 | €62,794 | +€57,428 | +1,070% |
| Suppliers | 440/4 | €5,366 | €62,794 | +€57,428 | +1,070% |
| Taxes, remuneration and social security | 45 | €952 | €14,671 | +€13,719 | +1,441% |
| Taxes | 450/3 | €952 | €14,671 | +€13,719 | +1,441% |
| Other amounts payable | 47/48 | €15,265 | €26,401 | +€11,136 | +72.9% |
| Accrued charges and deferred income | 492/3 | €18,360 | €2,880 | -€15,480 | -84.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €417 | €929 | +€512 | +123% |
| Other operating charges | 640/8 | €12,085 | €6,063 | -€6,022 | -49.8% |
| Non-recurring operating charges | 66A | €3,448 | - | -€3,448 | |
| Gross operating margin | 9900 | €25,254 | €35,426 | +€10,172 | +40.3% |
| Operating profit (loss) | 9901 | €9,305 | €28,434 | +€19,130 | +206% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €2,394 | €1,279 | -€1,115 | -46.6% |
| Recurring financial charges | 65 | €2,394 | €1,279 | -€1,115 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €6,911 | €27,165 | +€20,254 | +293% |
| Income taxes | 67/77 | €4,496 | €6,156 | +€1,660 | +36.9% |
| Profit (loss) for the period | 9904 | €2,415 | €21,009 | +€18,594 | +770% |
| Profit (loss) for the period to be appropriated | 9905 | €2,415 | €21,009 | +€18,594 | +770% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.