HERA MANAGEMENT CONSULTING: 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.
HERA MANAGEMENT CONSULTING
Largest movements
- Tangible fixed assets -€2,064
down €2,064 (-5.1%), from €40,488 to €38,424
- Profit (loss) carried forward -€4,003
down €4,003 (-12.6%), from -€31,881 to -€35,884
- Debts after one year +€1,949
up €1,949 (+3.2%), from €61,861 to €63,810
- Purchases and services +€125
up €125 (+21.1%), from €593 to €718
- Gross operating margin -€124
down €124 (-20.9%), from -€594 to -€718
- Other operating charges +€34
up €34 (+3.1%), from €1,114 to €1,148
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 | €54,664 | €52,610 | -€2,054 | -3.8% |
| Fixed assets | 21/28 | €40,488 | €38,424 | -€2,064 | -5.1% |
| Tangible fixed assets | 22/27 | €40,488 | €38,424 | -€2,064 | -5.1% |
| Land and buildings | 22 | €40,488 | €38,424 | -€2,064 | -5.1% |
| Current assets | 29/58 | €14,176 | €14,186 | +€10 | +0.1% |
| Stocks and contracts in progress | 3 | €5,947 | €5,947 | = | 0.0% |
| Stocks | 30/36 | €5,947 | €5,947 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,169 | €8,169 | = | 0.0% |
| Trade receivables | 40 | €8,169 | €8,169 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €60 | €70 | +€10 | +16.7% |
| Total equity and liabilities | 10/49 | €54,664 | €52,610 | -€2,054 | -3.8% |
| Equity | 10/15 | -€7,197 | -€11,200 | -€4,003 | -55.6% |
| Contributions | 10/11 | €22,440 | €22,440 | = | 0.0% |
| Capital | 10 | €22,440 | €22,440 | = | 0.0% |
| Issued capital | 100 | €22,440 | €22,440 | = | 0.0% |
| Reserves | 13 | €2,244 | €2,244 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,244 | €2,244 | = | 0.0% |
| Legal reserve | 130 | €2,244 | €2,244 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,881 | -€35,884 | -€4,003 | -12.6% |
| Amounts payable | 17/49 | €61,861 | €63,810 | +€1,949 | +3.2% |
| Amounts payable after more than one year | 17 | €61,861 | €63,810 | +€1,949 | +3.2% |
| Other amounts payable | 178/9 | €61,861 | €63,810 | +€1,949 | +3.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €593 | €718 | +€125 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,064 | €2,064 | = | 0.0% |
| Other operating charges | 640/8 | €1,114 | €1,148 | +€34 | +3.1% |
| Gross operating margin | 9900 | -€594 | -€718 | -€124 | -20.9% |
| Operating profit (loss) | 9901 | -€3,772 | -€3,930 | -€158 | -4.2% |
| Financial charges | 65/66B | €67 | €73 | +€6 | +9.0% |
| Recurring financial charges | 65 | €67 | €73 | +€6 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,839 | -€4,003 | -€164 | -4.3% |
| Profit (loss) for the period | 9904 | -€3,839 | -€4,003 | -€164 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,839 | -€4,003 | -€164 | -4.3% |
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 28 October 2026 via checked.be.