Heralis: 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.
Heralis
Largest movements
- Tangible fixed assets -€20,851
down €20,851 (-25.8%), from €80,916 to €60,065
of which Furniture and vehicles: -€15,613
- Receivables within one year -€17,963
down €17,963 (-46.7%), from €38,450 to €20,488
of which Other amounts receivable: -€10,373
- Cash -€5,366
down €5,366 (-99.6%), from €5,387 to €21
mainly Advances received (-€19,441) and Debts after one year (-€19,279)
- Advances received -€19,441
no longer reported in 2025 (was €19,441)
- Debts after one year -€19,279
no longer reported in 2025 (was €19,279)
- Profit (loss) carried forward +€16,554
up €16,554 (+20.1%), from -€82,529 to -€65,976
- Tax, wage and social debts -€14,957
down €14,957 (-51.3%), from €29,164 to €14,206
of which Taxes: -€14,957
- Trade debts -€7,360
no longer reported in 2025 (was €7,360)
- Gross operating margin +€33,022
up €33,022 (+330.7%), from €9,986 to €43,008
- Depreciation +€3,214
up €3,214 (+18.2%), from €17,637 to €20,851
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 | €204,843 | €161,513 | -€43,330 | -21.2% |
| Fixed assets | 21/28 | €161,006 | €140,155 | -€20,851 | -13.0% |
| Tangible fixed assets | 22/27 | €80,916 | €60,065 | -€20,851 | -25.8% |
| Land and buildings | 22 | €11,921 | €10,380 | -€1,541 | -12.9% |
| Plant, machinery and equipment | 23 | €7,098 | €3,400 | -€3,698 | -52.1% |
| Furniture and vehicles | 24 | €61,897 | €46,284 | -€15,613 | -25.2% |
| Financial fixed assets | 28 | €80,090 | €80,090 | = | 0.0% |
| Current assets | 29/58 | €43,837 | €21,359 | -€22,479 | -51.3% |
| Amounts receivable within one year | 40/41 | €38,450 | €20,488 | -€17,963 | -46.7% |
| Trade receivables | 40 | €19,613 | €12,024 | -€7,589 | -38.7% |
| Other amounts receivable | 41 | €18,837 | €8,464 | -€10,373 | -55.1% |
| Cash at bank and in hand | 54/58 | €5,387 | €21 | -€5,366 | -99.6% |
| Deferred charges and accrued income | 490/1 | €0 | €850 | +€850 | |
| Total equity and liabilities | 10/49 | €204,843 | €161,513 | -€43,330 | -21.2% |
| Equity | 10/15 | €101,499 | €118,053 | +€16,554 | +16.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €171,628 | €171,628 | = | 0.0% |
| Distributable reserves | 133 | €171,628 | €171,628 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,529 | -€65,976 | +€16,554 | +20.1% |
| Amounts payable | 17/49 | €103,344 | €43,461 | -€59,884 | -57.9% |
| Amounts payable after more than one year | 17 | €19,279 | - | -€19,279 | |
| Financial debts | 170/4 | €19,279 | - | -€19,279 | |
| Amounts payable within one year | 42/48 | €84,066 | €43,461 | -€40,605 | -48.3% |
| Current portion of amounts payable after more than one year | 42 | €27,506 | €21,433 | -€6,074 | -22.1% |
| Trade debts | 44 | €7,360 | - | -€7,360 | |
| Suppliers | 440/4 | €7,360 | - | -€7,360 | |
| Advances received on contracts in progress | 46 | €19,441 | - | -€19,441 | |
| Taxes, remuneration and social security | 45 | €29,164 | €14,206 | -€14,957 | -51.3% |
| Taxes | 450/3 | €29,164 | €14,206 | -€14,957 | -51.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €595 | €7,822 | +€7,227 | +1214.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,637 | €20,851 | +€3,214 | +18.2% |
| Other operating charges | 640/8 | €4,341 | €4,005 | -€336 | -7.7% |
| Gross operating margin | 9900 | €9,986 | €43,008 | +€33,022 | +330.7% |
| Operating profit (loss) | 9901 | -€11,992 | €18,151 | +€30,143 | |
| Financial income | 75/76B | €159 | - | -€159 | |
| Recurring financial income | 75 | €159 | - | -€159 | |
| Financial charges | 65/66B | €1,908 | €1,598 | -€310 | -16.3% |
| Recurring financial charges | 65 | €1,908 | €1,598 | -€310 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,741 | €16,554 | +€30,295 | |
| Income taxes | 67/77 | €211 | - | -€211 | |
| Profit (loss) for the period | 9904 | -€13,952 | €16,554 | +€30,505 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,952 | €16,554 | +€30,505 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.