Hera: 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.
What changed
Hera
NACE 47.716, Retail sale of clothing and accessories for women, men, children and babies (general range)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€60,244
2024 · €33,272+€26,973
Equity
€350,847
2024 · €291,435+€59,411
Cash
€15,278
2024 · €19,434-€4,156
Balance sheet total
€680,023
2024 · €608,227+€71,796
Largest movements
Assets
- Stocks and contracts +€71,336
up €71,336 (+34.8%), from €204,998 to €276,334
Equity and liabilities
- Reserves +€59,411
up €59,411 (+30.0%), from €197,943 to €257,355
of which Distributable reserves: +€59,411
- Tax, wage and social debts +€21,897
up €21,897 (+248.3%), from €8,820 to €30,718
- Debts after one year -€12,212
down €12,212 (-5.1%), from €237,859 to €225,647
Income statement
- Write-downs -€32,147
down €32,147, from €11,549 to -€20,598
- Taxes +€9,990
up €9,990 (+74.1%), from €13,490 to €23,480
- Gross operating margin +€2,826
up €2,826 (+4.0%), from €69,921 to €72,747
- Other operating charges -€736
down €736 (-14.5%), from €5,068 to €4,332
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.
Result 2024
€33,272
Gross operating margin
+€2,826
Depreciation
+€374
Write-downs
+€32,147
Other operating charges
+€736
Financial income
+€389
Financial charges
+€490
Taxes
-€9,990
Result 2025
€60,244
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.
From operations
+€22,211
Investment
-€13,686
Financing
-€12,682
Cash 2024
€19,434
From operations (derived)
+€22,211
Net result for the year
+€60,244
Depreciation
+€8,763
Stocks and contracts
-€71,336
Receivables within one year
+€3,842
Deferred charges and accrued income
-€3,536
Trade debts
-€906
Tax, wage and social debts
+€21,897
Other debts
+€3,297
Accrued charges and deferred income
-€55
Investment (derived)
-€13,686
Investment in fixed assets (net)
-€13,686
Financing
-€12,682
Debts after one year
-€12,212
Current portion of long-term debt
+€363
Contributions, distributions and other
-€833
Cash 2025
€15,278
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €608,227 | €680,023 | +€71,796 | +11.8% |
| Fixed assets | 21/28 | €364,737 | €369,659 | +€4,922 | +1.3% |
| Intangible fixed assets | 21 | €184 | - | -€184 | |
| Tangible fixed assets | 22/27 | €357,053 | €362,159 | +€5,106 | +1.4% |
| Land and buildings | 22 | €355,969 | €348,011 | -€7,959 | -2.2% |
| Plant, machinery and equipment | 23 | €920 | €512 | -€408 | -44.3% |
| Furniture and vehicles | 24 | €163 | €13,636 | +€13,473 | +8252.5% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €243,491 | €310,364 | +€66,873 | +27.5% |
| Stocks and contracts in progress | 3 | €204,998 | €276,334 | +€71,336 | +34.8% |
| Stocks | 30/36 | €204,998 | €276,334 | +€71,336 | +34.8% |
| Amounts receivable within one year | 40/41 | €13,197 | €9,354 | -€3,842 | -29.1% |
| Trade receivables | 40 | €2,664 | €608 | -€2,056 | -77.2% |
| Other amounts receivable | 41 | €10,533 | €8,747 | -€1,786 | -17.0% |
| Cash at bank and in hand | 54/58 | €19,434 | €15,278 | -€4,156 | -21.4% |
| Deferred charges and accrued income | 490/1 | €5,862 | €9,398 | +€3,536 | +60.3% |
| Total equity and liabilities | 10/49 | €608,227 | €680,023 | +€71,796 | +11.8% |
| Equity | 10/15 | €291,435 | €350,847 | +€59,411 | +20.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €197,943 | €257,355 | +€59,411 | +30.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €196,083 | €255,495 | +€59,411 | +30.3% |
| Profit (loss) carried forward | 14 | €74,892 | €74,892 | = | 0.0% |
| Amounts payable | 17/49 | €316,792 | €329,177 | +€12,385 | +3.9% |
| Amounts payable after more than one year | 17 | €237,859 | €225,647 | -€12,212 | -5.1% |
| Financial debts | 170/4 | €237,859 | €225,647 | -€12,212 | -5.1% |
| Amounts payable within one year | 42/48 | €78,652 | €103,304 | +€24,652 | +31.3% |
| Current portion of amounts payable after more than one year | 42 | €11,849 | €12,212 | +€363 | +3.1% |
| Trade debts | 44 | €15,202 | €14,296 | -€906 | -6.0% |
| Suppliers | 440/4 | €15,202 | €14,296 | -€906 | -6.0% |
| Taxes, remuneration and social security | 45 | €8,820 | €30,718 | +€21,897 | +248.3% |
| Taxes | 450/3 | €8,820 | €30,718 | +€21,897 | +248.3% |
| Other amounts payable | 47/48 | €42,781 | €46,079 | +€3,297 | +7.7% |
| Accrued charges and deferred income | 492/3 | €280 | €225 | -€55 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,137 | €8,763 | -€374 | -4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,549 | -€20,598 | -€32,147 | |
| Other operating charges | 640/8 | €5,068 | €4,332 | -€736 | -14.5% |
| Gross operating margin | 9900 | €69,921 | €72,747 | +€2,826 | +4.0% |
| Operating profit (loss) | 9901 | €44,167 | €80,250 | +€36,084 | +81.7% |
| Financial income | 75/76B | €11,926 | €12,315 | +€389 | +3.3% |
| Recurring financial income | 75 | €11,926 | €12,315 | +€389 | +3.3% |
| Financial charges | 65/66B | €9,331 | €8,841 | -€490 | -5.3% |
| Recurring financial charges | 65 | €9,331 | €8,841 | -€490 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €46,761 | €83,724 | +€36,963 | +79.0% |
| Income taxes | 67/77 | €13,490 | €23,480 | +€9,990 | +74.1% |
| Profit (loss) for the period | 9904 | €33,272 | €60,244 | +€26,973 | +81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,272 | €60,244 | +€26,973 | +81.1% |
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 5 October 2026 via checked.be.