Hera Sport: 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 Sport
Largest movements
- Stocks and contracts +€20,203
up €20,203 (+12.6%), from €160,078 to €180,281
- Cash -€15,506
down €15,506 (-30.3%), from €51,224 to €35,717
mainly Other debts (-€60,258) and Trade debts (-€33,595)
- Profit (loss) carried forward +€63,950
up €63,950 (+252%), from €25,406 to €89,355
- Other debts -€60,258
down €60,258 (-44.3%), from €135,995 to €75,738
- Trade debts -€33,595
down €33,595 (-77.4%), from €43,410 to €9,815
- Tax, wage and social debts +€26,446
up €26,446 (+226%), from €11,679 to €38,125
- Advances received +€8,105
up €8,105 (+138%), from €5,869 to €13,974
- Gross operating margin +€61,291
up €61,291 (+224%), from €27,379 to €88,669
- Taxes +€14,101
up €14,101 (+204%), from €6,929 to €21,029
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 | €224,908 | €229,507 | +€4,599 | +2.0% |
| Fixed assets | 21/28 | €5,369 | €3,499 | -€1,870 | -34.8% |
| Tangible fixed assets | 22/27 | €5,369 | €3,229 | -€2,140 | -39.9% |
| Plant, machinery and equipment | 23 | €5,369 | €3,229 | -€2,140 | -39.9% |
| Financial fixed assets | 28 | - | €270 | +€270 | |
| Current assets | 29/58 | €219,539 | €226,008 | +€6,469 | +2.9% |
| Stocks and contracts in progress | 3 | €160,078 | €180,281 | +€20,203 | +12.6% |
| Stocks | 30/36 | €160,078 | €180,281 | +€20,203 | +12.6% |
| Amounts receivable within one year | 40/41 | €8,237 | €9,691 | +€1,454 | +17.7% |
| Trade receivables | 40 | €8,120 | €9,421 | +€1,301 | +16.0% |
| Other amounts receivable | 41 | €117 | €270 | +€153 | +130% |
| Cash at bank and in hand | 54/58 | €51,224 | €35,717 | -€15,506 | -30.3% |
| Deferred charges and accrued income | 490/1 | - | €318 | +€318 | |
| Total equity and liabilities | 10/49 | €224,908 | €229,507 | +€4,599 | +2.0% |
| Equity | 10/15 | €27,906 | €91,855 | +€63,950 | +229% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | - | -€2,500 | |
| Other | 1109/19 | €2,500 | - | -€2,500 | |
| Profit (loss) carried forward | 14 | €25,406 | €89,355 | +€63,950 | +252% |
| Amounts payable | 17/49 | €197,003 | €137,652 | -€59,351 | -30.1% |
| Amounts payable within one year | 42/48 | €196,953 | €137,652 | -€59,302 | -30.1% |
| Trade debts | 44 | €43,410 | €9,815 | -€33,595 | -77.4% |
| Suppliers | 440/4 | €43,410 | €9,815 | -€33,595 | -77.4% |
| Advances received on contracts in progress | 46 | €5,869 | €13,974 | +€8,105 | +138% |
| Taxes, remuneration and social security | 45 | €11,679 | €38,125 | +€26,446 | +226% |
| Taxes | 450/3 | €11,679 | €38,125 | +€26,446 | +226% |
| Other amounts payable | 47/48 | €135,995 | €75,738 | -€60,258 | -44.3% |
| Accrued charges and deferred income | 492/3 | €49 | - | -€49 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,846 | €3,055 | +€209 | +7.3% |
| Other operating charges | 640/8 | €551 | €563 | +€12 | +2.2% |
| Gross operating margin | 9900 | €27,379 | €88,669 | +€61,291 | +224% |
| Operating profit (loss) | 9901 | €23,982 | €85,051 | +€61,069 | +255% |
| Financial income | 75/76B | €280 | €223 | -€57 | -20.4% |
| Recurring financial income | 75 | €280 | €223 | -€57 | -20.4% |
| Financial charges | 65/66B | €256 | €295 | +€39 | +15.4% |
| Recurring financial charges | 65 | €256 | €295 | +€39 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €24,006 | €84,979 | +€60,973 | +254% |
| Income taxes | 67/77 | €6,929 | €21,029 | +€14,101 | +204% |
| Profit (loss) for the period | 9904 | €17,077 | €63,950 | +€46,872 | +274% |
| Profit (loss) for the period to be appropriated | 9905 | €17,077 | €63,950 | +€46,872 | +274% |
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 1 November 2026 via checked.be.