HER-LAS: 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.
HER-LAS
Largest movements
- Stocks and contracts -€19,209
no longer reported in 2025 (was €19,209)
- Tangible fixed assets -€12,600
down €12,600 (-18.7%), from €67,402 to €54,802
of which Other tangible fixed assets: -€12,600
- Deferred charges and accrued income +€5,181
up €5,181 (+2168.6%), from €239 to €5,420
- Other debts -€14,696
down €14,696 (-25.0%), from €58,718 to €44,022
- Profit (loss) carried forward -€12,098
down €12,098 (-63.1%), from -€19,171 to -€31,268
- Gross operating margin -€9,295
down €9,295 (-401.0%), from -€2,318 to -€11,613
- Depreciation -€168
no longer reported in 2025 (was €168)
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 | €87,776 | €61,087 | -€26,689 | -30.4% |
| Fixed assets | 21/28 | €67,402 | €54,802 | -€12,600 | -18.7% |
| Tangible fixed assets | 22/27 | €67,402 | €54,802 | -€12,600 | -18.7% |
| Land and buildings | 22 | €54,800 | €54,800 | = | 0.0% |
| Furniture and vehicles | 24 | €3 | €3 | = | 0.0% |
| Other tangible fixed assets | 26 | €12,600 | - | -€12,600 | |
| Current assets | 29/58 | €20,374 | €6,285 | -€14,089 | -69.2% |
| Stocks and contracts in progress | 3 | €19,209 | - | -€19,209 | |
| Stocks | 30/36 | €19,209 | - | -€19,209 | |
| Amounts receivable within one year | 40/41 | €124 | €124 | = | 0.0% |
| Other amounts receivable | 41 | €124 | €124 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €802 | €741 | -€61 | -7.6% |
| Deferred charges and accrued income | 490/1 | €239 | €5,420 | +€5,181 | +2168.6% |
| Total equity and liabilities | 10/49 | €87,776 | €61,087 | -€26,689 | -30.4% |
| Equity | 10/15 | €29,034 | €16,936 | -€12,098 | -41.7% |
| Contributions | 10/11 | €8,057 | €8,057 | = | 0.0% |
| Reserves | 13 | €40,148 | €40,148 | = | 0.0% |
| Distributable reserves | 133 | €40,148 | €40,148 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,171 | -€31,268 | -€12,098 | -63.1% |
| Amounts payable | 17/49 | €58,743 | €44,151 | -€14,592 | -24.8% |
| Amounts payable within one year | 42/48 | €58,743 | €44,151 | -€14,592 | -24.8% |
| Trade debts | 44 | €24 | €129 | +€104 | +428.3% |
| Suppliers | 440/4 | €24 | €129 | +€104 | +428.3% |
| Other amounts payable | 47/48 | €58,718 | €44,022 | -€14,696 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168 | - | -€168 | |
| Other operating charges | 640/8 | €365 | €377 | +€11 | +3.1% |
| Gross operating margin | 9900 | -€2,318 | -€11,613 | -€9,295 | -401.0% |
| Operating profit (loss) | 9901 | -€2,852 | -€11,989 | -€9,138 | -320.4% |
| Financial income | 75/76B | €45 | €1 | -€44 | -97.9% |
| Recurring financial income | 75 | €45 | €1 | -€44 | -97.9% |
| Non-recurring financial income | 76B | €45 | €1 | -€44 | -97.9% |
| Financial charges | 65/66B | €168 | €109 | -€59 | -35.1% |
| Recurring financial charges | 65 | €62 | €106 | +€44 | +70.1% |
| Non-recurring financial charges | 66B | €106 | €4 | -€103 | -96.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,975 | -€12,098 | -€9,123 | -306.7% |
| Profit (loss) for the period | 9904 | -€2,975 | -€12,098 | -€9,123 | -306.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,975 | -€12,098 | -€9,123 | -306.7% |
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 10 October 2026 via checked.be.