HERA TRADE: 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 TRADE
Largest movements
- Receivables within one year -€860,735
down €860,735 (-46.8%), from €1.8m to €977,079
of which Trade receivables: -€807,640
- Stocks and contracts +€353,483
up €353,483 (+1,949%), from €18,134 to €371,617
- Tangible fixed assets -€181,520
down €181,520 (-4.5%), from €4.1m to €3.9m
of which Plant, machinery and equipment: -€158,968
- Trade debts -€355,090
down €355,090 (-35.3%), from €1.0m to €651,852
- Other debts +€354,347
up €354,347 (+32.2%), from €1.1m to €1.5m
- Advances received -€232,721
no longer reported in 2024 (was €232,721)
- Short-term financial debts -€200,000
down €200,000 (-71.4%), from €280,000 to €80,000
- Current portion of long-term debt -€191,183
down €191,183 (-47.9%), from €399,533 to €208,350
- Depreciation +€160,080
up €160,080 (+95.5%), from €167,606 to €327,685
- Financial charges +€101,631
up €101,631 (+534%), from €19,037 to €120,668
- Gross operating margin +€31,045
up €31,045 (+6.1%), from €505,406 to €536,451
- Taxes -€28,834
down €28,834 (-84.9%), from €33,951 to €5,118
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 | €5,990,075 | €5,252,081 | -€737,994 | -12.3% |
| Fixed assets | 21/28 | €4,079,312 | €3,897,792 | -€181,520 | -4.4% |
| Tangible fixed assets | 22/27 | €4,071,387 | €3,889,867 | -€181,520 | -4.5% |
| Land and buildings | 22 | €2,146,075 | €2,145,940 | -€136 | 0.0% |
| Plant, machinery and equipment | 23 | €1,837,706 | €1,678,738 | -€158,968 | -8.7% |
| Furniture and vehicles | 24 | €87,606 | €65,190 | -€22,417 | -25.6% |
| Financial fixed assets | 28 | €7,925 | €7,925 | = | 0.0% |
| Current assets | 29/58 | €1,910,763 | €1,354,289 | -€556,474 | -29.1% |
| Stocks and contracts in progress | 3 | €18,134 | €371,617 | +€353,483 | +1,949% |
| Stocks | 30/36 | €18,134 | €371,617 | +€353,483 | +1,949% |
| Amounts receivable within one year | 40/41 | €1,837,814 | €977,079 | -€860,735 | -46.8% |
| Trade receivables | 40 | €1,761,260 | €953,620 | -€807,640 | -45.9% |
| Other amounts receivable | 41 | €76,554 | €23,459 | -€53,095 | -69.4% |
| Current investments | 50/53 | €82 | €82 | +€0 | +0.2% |
| Cash at bank and in hand | 54/58 | €50,444 | €3,300 | -€47,144 | -93.5% |
| Deferred charges and accrued income | 490/1 | €4,289 | €2,209 | -€2,080 | -48.5% |
| Total equity and liabilities | 10/49 | €5,990,075 | €5,252,081 | -€737,994 | -12.3% |
| Equity | 10/15 | €725,551 | €775,680 | +€50,129 | +6.9% |
| Contributions | 10/11 | €168,600 | €168,600 | = | 0.0% |
| Reserves | 13 | €556,951 | €607,080 | +€50,129 | +9.0% |
| Non-distributable reserves | 130/1 | €16,860 | €16,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,860 | €16,860 | = | 0.0% |
| Distributable reserves | 133 | €540,091 | €590,220 | +€50,129 | +9.3% |
| Amounts payable | 17/49 | €5,264,524 | €4,476,400 | -€788,123 | -15.0% |
| Amounts payable after more than one year | 17 | €2,215,934 | €2,047,584 | -€168,350 | -7.6% |
| Financial debts | 170/4 | €2,215,934 | €2,047,584 | -€168,350 | -7.6% |
| Amounts payable within one year | 42/48 | €3,043,614 | €2,428,043 | -€615,571 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €399,533 | €208,350 | -€191,183 | -47.9% |
| Financial debts | 43 | €280,000 | €80,000 | -€200,000 | -71.4% |
| Other loans | 439 | €280,000 | €80,000 | -€200,000 | -71.4% |
| Trade debts | 44 | €1,006,941 | €651,852 | -€355,090 | -35.3% |
| Suppliers | 440/4 | €1,006,941 | €651,852 | -€355,090 | -35.3% |
| Advances received on contracts in progress | 46 | €232,721 | - | -€232,721 | |
| Taxes, remuneration and social security | 45 | €25,299 | €34,374 | +€9,075 | +35.9% |
| Taxes | 450/3 | €25,299 | €34,374 | +€9,075 | +35.9% |
| Other amounts payable | 47/48 | €1,099,120 | €1,453,468 | +€354,347 | +32.2% |
| Accrued charges and deferred income | 492/3 | €4,976 | €773 | -€4,202 | -84.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,606 | €327,685 | +€160,080 | +95.5% |
| Other operating charges | 640/8 | €12,828 | €11,481 | -€1,346 | -10.5% |
| Gross operating margin | 9900 | €505,406 | €536,451 | +€31,045 | +6.1% |
| Operating profit (loss) | 9901 | €324,972 | €197,285 | -€127,688 | -39.3% |
| Financial income | 75/76B | €118 | €230 | +€111 | +94.0% |
| Recurring financial income | 75 | €118 | €230 | +€111 | +94.0% |
| Financial charges | 65/66B | €19,037 | €120,668 | +€101,631 | +534% |
| Recurring financial charges | 65 | €19,037 | €120,668 | +€101,631 | +534% |
| Profit (loss) for the period before taxes | 9903 | €306,054 | €76,846 | -€229,208 | -74.9% |
| Income taxes | 67/77 | €33,951 | €5,118 | -€28,834 | -84.9% |
| Profit (loss) for the period | 9904 | €272,103 | €71,729 | -€200,374 | -73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €272,103 | €71,729 | -€200,374 | -73.6% |
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 27 October 2026 via checked.be.