HERACHMA: 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.
What changed
HERACHMA
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€19,229
2024 · -€224,243+€243,473
Equity
€3.1m
2024 · €3.1m+€19,229
Cash
€249,947
2024 · €258,364-€8,417
Balance sheet total
€3.4m
2024 · €3.4m-€45,422
Largest movements
Assets
- Tangible fixed assets -€75,796
down €75,796 (-6.8%), from €1.1m to €1.0m
of which Land and buildings: -€49,912
- Current investments +€47,131
up €47,131 (+2.4%), from €2.0m to €2.0m
Equity and liabilities
- Debts after one year -€53,152
down €53,152 (-56.6%), from €93,883 to €40,731
Income statement
- Depreciation -€218,724
down €218,724 (-74.3%), from €294,520 to €75,796
- Financial charges -€41,270
down €41,270, from €14,609 to -€26,661
- Financial income +€38,949
up €38,949 (+53.6%), from €72,647 to €111,596
- Other operating charges -€14,188
down €14,188 (-60.0%), from €23,636 to €9,448
- Taxes +€8,181
up €8,181 (+1922.9%), from €425 to €8,606
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.
Result 2024
-€224,243
Gross operating margin
-€8,170
Depreciation
+€218,724
Other operating charges
+€14,188
Financial income
+€38,949
Financial charges
+€41,270
Taxes
-€8,181
Deferred taxes and other
-€53,308
Result 2025
€19,229
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.
From operations
+€90,573
Investment
-€47,131
Financing
-€51,860
Cash 2024
€258,364
From operations (derived)
+€90,573
Net result for the year
+€19,229
Depreciation
+€75,796
Stocks and contracts
-€502
Receivables within one year
+€11,021
Deferred charges and accrued income
-€2,179
Provisions
-€3,364
Trade debts
-€6,539
Tax, wage and social debts
-€2,583
Other debts
-€242
Accrued charges and deferred income
-€64
Investment (derived)
-€47,131
Current investments
-€47,131
Financing
-€51,860
Debts after one year
-€53,152
Current portion of long-term debt
+€1,292
Cash 2025
€249,947
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,417,752 | €3,372,330 | -€45,422 | -1.3% |
| Fixed assets | 21/28 | €1,115,739 | €1,039,943 | -€75,796 | -6.8% |
| Tangible fixed assets | 22/27 | €1,115,739 | €1,039,943 | -€75,796 | -6.8% |
| Land and buildings | 22 | €1,013,822 | €963,909 | -€49,912 | -4.9% |
| Furniture and vehicles | 24 | €101,917 | €76,033 | -€25,884 | -25.4% |
| Current assets | 29/58 | €2,302,013 | €2,332,387 | +€30,374 | +1.3% |
| Stocks and contracts in progress | 3 | €33,070 | €33,573 | +€502 | +1.5% |
| Stocks | 30/36 | €33,070 | €33,573 | +€502 | +1.5% |
| Amounts receivable within one year | 40/41 | €41,446 | €30,425 | -€11,021 | -26.6% |
| Trade receivables | 40 | €11,001 | €11,919 | +€918 | +8.3% |
| Other amounts receivable | 41 | €30,444 | €18,505 | -€11,939 | -39.2% |
| Current investments | 50/53 | €1,960,543 | €2,007,673 | +€47,131 | +2.4% |
| Cash at bank and in hand | 54/58 | €258,364 | €249,947 | -€8,417 | -3.3% |
| Deferred charges and accrued income | 490/1 | €8,591 | €10,770 | +€2,179 | +25.4% |
| Total equity and liabilities | 10/49 | €3,417,752 | €3,372,330 | -€45,422 | -1.3% |
| Equity | 10/15 | €3,068,113 | €3,087,342 | +€19,229 | +0.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,006,113 | €3,025,342 | +€19,229 | +0.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €542,015 | €531,923 | -€10,092 | -1.9% |
| Distributable reserves | 133 | €2,457,898 | €2,487,219 | +€29,321 | +1.2% |
| Provisions and deferred taxes | 16 | €180,672 | €177,308 | -€3,364 | -1.9% |
| Deferred taxes | 168 | €180,672 | €177,308 | -€3,364 | -1.9% |
| Amounts payable | 17/49 | €168,967 | €107,680 | -€61,288 | -36.3% |
| Amounts payable after more than one year | 17 | €93,883 | €40,731 | -€53,152 | -56.6% |
| Financial debts | 170/4 | €93,883 | €40,731 | -€53,152 | -56.6% |
| Amounts payable within one year | 42/48 | €72,867 | €64,795 | -€8,072 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €51,860 | €53,152 | +€1,292 | +2.5% |
| Trade debts | 44 | €12,158 | €5,618 | -€6,539 | -53.8% |
| Suppliers | 440/4 | €12,158 | €5,618 | -€6,539 | -53.8% |
| Taxes, remuneration and social security | 45 | €2,583 | - | -€2,583 | |
| Taxes | 450/3 | €2,583 | - | -€2,583 | |
| Other amounts payable | 47/48 | €6,267 | €6,025 | -€242 | -3.9% |
| Accrued charges and deferred income | 492/3 | €2,218 | €2,154 | -€64 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €294,520 | €75,796 | -€218,724 | -74.3% |
| Other operating charges | 640/8 | €23,636 | €9,448 | -€14,188 | -60.0% |
| Gross operating margin | 9900 | -€20,371 | -€28,541 | -€8,170 | -40.1% |
| Operating profit (loss) | 9901 | -€338,527 | -€113,785 | +€224,742 | +66.4% |
| Financial income | 75/76B | €72,647 | €111,596 | +€38,949 | +53.6% |
| Recurring financial income | 75 | €72,647 | €111,596 | +€38,949 | +53.6% |
| Financial charges | 65/66B | €14,609 | -€26,661 | -€41,270 | |
| Recurring financial charges | 65 | €14,609 | -€26,661 | -€41,270 | |
| Profit (loss) for the period before taxes | 9903 | -€280,489 | €24,471 | +€304,961 | |
| Transfer from deferred taxes | 780 | €56,672 | €3,364 | -€53,308 | -94.1% |
| Income taxes | 67/77 | €425 | €8,606 | +€8,181 | +1922.9% |
| Profit (loss) for the period | 9904 | -€224,243 | €19,229 | +€243,473 | |
| Transfer from tax-exempt reserves | 789 | €170,014 | €10,092 | -€159,923 | -94.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,229 | €29,321 | +€83,550 |
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 12 October 2026 via checked.be.