Heran: 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.
Heran
Largest movements
- Tangible fixed assets -€22,189
down €22,189 (-11.2%), from €198,425 to €176,236
of which Land and buildings: -€21,990
- Debts after one year -€27,164
down €27,164 (-15.6%), from €174,254 to €147,091
of which Other amounts payable: -€19,443
- Trade debts +€2,866
up €2,866 (+1524.5%), from €188 to €3,054
- Depreciation +€6,130
up €6,130 (+38.2%), from €16,060 to €22,189
- Gross operating margin +€5,808
up €5,808 (+28.6%), from €20,309 to €26,117
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €200,458 | €176,465 | -€23,993 | -12.0% |
| Fixed assets | 21/28 | €198,425 | €176,236 | -€22,189 | -11.2% |
| Tangible fixed assets | 22/27 | €198,425 | €176,236 | -€22,189 | -11.2% |
| Land and buildings | 22 | €198,026 | €176,036 | -€21,990 | -11.1% |
| Plant, machinery and equipment | 23 | €86 | €43 | -€43 | -50.0% |
| Furniture and vehicles | 24 | €313 | €157 | -€157 | -50.0% |
| Current assets | 29/58 | €2,032 | €229 | -€1,804 | -88.8% |
| Amounts receivable within one year | 40/41 | €393 | - | -€393 | |
| Other amounts receivable | 41 | €393 | - | -€393 | |
| Cash at bank and in hand | 54/58 | €1,531 | €115 | -€1,416 | -92.5% |
| Deferred charges and accrued income | 490/1 | €109 | €113 | +€4 | +3.9% |
| Total equity and liabilities | 10/49 | €200,458 | €176,465 | -€23,993 | -12.0% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €181,858 | €157,865 | -€23,993 | -13.2% |
| Amounts payable after more than one year | 17 | €174,254 | €147,091 | -€27,164 | -15.6% |
| Financial debts | 170/4 | €20,597 | €12,877 | -€7,720 | -37.5% |
| Other amounts payable | 178/9 | €153,657 | €134,214 | -€19,443 | -12.7% |
| Amounts payable within one year | 42/48 | €7,604 | €10,774 | +€3,170 | +41.7% |
| Current portion of amounts payable after more than one year | 42 | €7,416 | €7,720 | +€305 | +4.1% |
| Trade debts | 44 | €188 | €3,054 | +€2,866 | +1524.5% |
| Suppliers | 440/4 | €188 | €3,054 | +€2,866 | +1524.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,060 | €22,189 | +€6,130 | +38.2% |
| Other operating charges | 640/8 | €2,754 | €2,675 | -€79 | -2.9% |
| Gross operating margin | 9900 | €20,309 | €26,117 | +€5,808 | +28.6% |
| Operating profit (loss) | 9901 | €1,495 | €1,253 | -€243 | -16.2% |
| Financial charges | 65/66B | €1,495 | €1,253 | -€243 | -16.2% |
| Recurring financial charges | 65 | €1,495 | €1,253 | -€243 | -16.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.