HERA TRANS: 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 TRANS
Largest movements
- Receivables within one year +€40,846
up €40,846 (+24.1%), from €169,714 to €210,561
of which Trade receivables: +€52,190
- Stocks and contracts -€38,845
no longer reported in 2025 (was €38,845)
- Tangible fixed assets +€24,159
up €24,159 (+3355.5%), from €720 to €24,879
of which Furniture and vehicles: +€24,309
- Financial fixed assets +€12,500
up €12,500 (+104.2%), from €12,000 to €24,500
- Tax, wage and social debts +€43,796
up €43,796 (+111.5%), from €39,268 to €83,065
of which Remuneration and social security: +€35,504
- Profit (loss) carried forward +€28,375
up €28,375 (+1383.1%), from €2,052 to €30,427
- Trade debts -€13,339
down €13,339 (-12.4%), from €107,543 to €94,204
- Other debts -€12,629
down €12,629 (-20.0%), from €63,157 to €50,528
- Accrued charges and deferred income -€8,358
no longer reported in 2025 (was €8,358)
- Turnover +€1.3m
up €1.3m (+144.3%), from €872,464 to €2.1m
- Purchases and services +€804,715
up €804,715 (+125.9%), from €639,054 to €1.4m
- Gross operating margin +€454,270
up €454,270 (+194.6%), from €233,409 to €687,679
- Staff costs +€370,042
up €370,042 (+171.4%), from €215,915 to €585,957
- Write-downs +€38,845
new in 2025: €38,845
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 | €222,378 | €260,223 | +€37,846 | +17.0% |
| Fixed assets | 21/28 | €12,720 | €49,379 | +€36,659 | +288.2% |
| Tangible fixed assets | 22/27 | €720 | €24,879 | +€24,159 | +3355.5% |
| Plant, machinery and equipment | 23 | €720 | €570 | -€150 | -20.8% |
| Furniture and vehicles | 24 | - | €24,309 | +€24,309 | |
| Financial fixed assets | 28 | €12,000 | €24,500 | +€12,500 | +104.2% |
| Current assets | 29/58 | €209,658 | €210,844 | +€1,186 | +0.6% |
| Stocks and contracts in progress | 3 | €38,845 | - | -€38,845 | |
| Stocks | 30/36 | €38,845 | - | -€38,845 | |
| Amounts receivable within one year | 40/41 | €169,714 | €210,561 | +€40,846 | +24.1% |
| Trade receivables | 40 | €144,646 | €196,836 | +€52,190 | +36.1% |
| Other amounts receivable | 41 | €25,068 | €13,725 | -€11,343 | -45.2% |
| Cash at bank and in hand | 54/58 | €853 | €37 | -€816 | -95.6% |
| Deferred charges and accrued income | 490/1 | €246 | €246 | = | 0.0% |
| Total equity and liabilities | 10/49 | €222,378 | €260,223 | +€37,846 | +17.0% |
| Equity | 10/15 | €4,052 | €32,427 | +€28,375 | +700.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | - | -€2,000 | |
| Issued capital | 100 | €2,000 | - | -€2,000 | |
| Profit (loss) carried forward | 14 | €2,052 | €30,427 | +€28,375 | +1383.1% |
| Amounts payable | 17/49 | €218,326 | €227,796 | +€9,470 | +4.3% |
| Amounts payable within one year | 42/48 | €209,968 | €227,796 | +€17,829 | +8.5% |
| Trade debts | 44 | €107,543 | €94,204 | -€13,339 | -12.4% |
| Suppliers | 440/4 | €107,543 | €94,204 | -€13,339 | -12.4% |
| Taxes, remuneration and social security | 45 | €39,268 | €83,065 | +€43,796 | +111.5% |
| Taxes | 450/3 | €4,236 | €12,528 | +€8,292 | +195.7% |
| Remuneration and social security | 454/9 | €35,032 | €70,536 | +€35,504 | +101.3% |
| Other amounts payable | 47/48 | €63,157 | €50,528 | -€12,629 | -20.0% |
| Accrued charges and deferred income | 492/3 | €8,358 | - | -€8,358 | |
| Turnover | 70 | €872,464 | €2,131,448 | +€1.3m | +144.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €639,054 | €1,443,769 | +€804,715 | +125.9% |
| Remuneration, social security and pensions | 62 | €215,915 | €585,957 | +€370,042 | +171.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150 | €2,341 | +€2,191 | +1462.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €38,845 | +€38,845 | |
| Other operating charges | 640/8 | €4,971 | €21,998 | +€17,027 | +342.5% |
| Gross operating margin | 9900 | €233,409 | €687,679 | +€454,270 | +194.6% |
| Operating profit (loss) | 9901 | €12,373 | €38,538 | +€26,166 | +211.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €332 | €1,112 | +€780 | +235.0% |
| Recurring financial charges | 65 | €332 | €1,112 | +€780 | +235.0% |
| Profit (loss) for the period before taxes | 9903 | €12,041 | €37,426 | +€25,385 | +210.8% |
| Income taxes | 67/77 | €3,478 | €9,051 | +€5,573 | +160.2% |
| Profit (loss) for the period | 9904 | €8,563 | €28,375 | +€19,812 | +231.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,563 | €28,375 | +€19,812 | +231.4% |
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 9 October 2026 via checked.be.