HERABEL-Engineering: 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.
HERABEL-Engineering
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Current portion of long-term debt -€20,000
down €20,000 (-40.0%), from €50,000 to €30,000
- Profit (loss) carried forward +€14,435
up €14,435 (+69.5%), from €20,772 to €35,207
- Other debts +€4,032
up €4,032 (+2015.8%), from €200 to €4,232
- Financial income -€5,000
down €5,000 (-20.0%), from €25,000 to €20,000
- Other operating charges +€1,264
up €1,264 (+16853.3%), from €8 to €1,272
- Gross operating margin -€932
down €932 (-76.3%), from -€1,221 to -€2,153
- Financial charges -€623
down €623 (-25.3%), from €2,464 to €1,841
- Depreciation -€236
down €236 (-44.1%), from €536 to €300
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 | €200,972 | €200,711 | -€260 | -0.1% |
| Formation expenses | 20 | €964 | €664 | -€300 | -31.1% |
| Fixed assets | 21/28 | €200,000 | €200,000 | = | 0.0% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €8 | €48 | +€40 | +500.6% |
| Cash at bank and in hand | 54/58 | €8 | €48 | +€40 | +500.6% |
| Total equity and liabilities | 10/49 | €200,972 | €200,711 | -€260 | -0.1% |
| Equity | 10/15 | €25,772 | €40,207 | +€14,435 | +56.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,772 | €35,207 | +€14,435 | +69.5% |
| Amounts payable | 17/49 | €175,200 | €160,505 | -€14,695 | -8.4% |
| Amounts payable after more than one year | 17 | €125,000 | €125,000 | = | 0.0% |
| Financial debts | 170/4 | €125,000 | €125,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €50,200 | €35,505 | -€14,695 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €30,000 | -€20,000 | -40.0% |
| Trade debts | 44 | - | €1,273 | +€1,273 | |
| Suppliers | 440/4 | - | €1,273 | +€1,273 | |
| Other amounts payable | 47/48 | €200 | €4,232 | +€4,032 | +2015.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €536 | €300 | -€236 | -44.1% |
| Other operating charges | 640/8 | €8 | €1,272 | +€1,264 | +16853.3% |
| Gross operating margin | 9900 | -€1,221 | -€2,153 | -€932 | -76.3% |
| Operating profit (loss) | 9901 | -€1,765 | -€3,724 | -€1,959 | -111.0% |
| Financial income | 75/76B | €25,000 | €20,000 | -€5,000 | -20.0% |
| Recurring financial income | 75 | €25,000 | €20,000 | -€5,000 | -20.0% |
| Financial charges | 65/66B | €2,464 | €1,841 | -€623 | -25.3% |
| Recurring financial charges | 65 | €2,464 | €1,841 | -€623 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €20,772 | €14,435 | -€6,337 | -30.5% |
| Profit (loss) for the period | 9904 | €20,772 | €14,435 | -€6,337 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,772 | €14,435 | -€6,337 | -30.5% |
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 1 October 2026 via checked.be.