HERAN AH: 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.
HERAN AH
Largest movements
- Tangible fixed assets -€15,910
down €15,910 (-5.7%), from €277,287 to €261,378
- Cash +€6,245
up €6,245 (+54.8%), from €11,399 to €17,644
mainly Depreciation (+€15,910) and Other debts (+€6,000)
- Reserves -€16,075
down €16,075 (-6.3%), from €256,791 to €240,715
of which Distributable reserves: -€16,075
- Other debts +€6,000
up €6,000 (+17.3%), from €34,695 to €40,695
- Depreciation -€3,793
down €3,793 (-19.3%), from €19,703 to €15,910
- Gross operating margin +€1,357
up €1,357 (+8.9%), from €15,212 to €16,569
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.
Derived cash bridge
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 | €297,686 | €288,022 | -€9,664 | -3.2% |
| Fixed assets | 21/28 | €277,287 | €261,378 | -€15,910 | -5.7% |
| Tangible fixed assets | 22/27 | €277,287 | €261,378 | -€15,910 | -5.7% |
| Land and buildings | 22 | €277,287 | €261,378 | -€15,910 | -5.7% |
| Current assets | 29/58 | €20,399 | €26,644 | +€6,245 | +30.6% |
| Amounts receivable within one year | 40/41 | €9,000 | €9,000 | = | 0.0% |
| Other amounts receivable | 41 | €9,000 | €9,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,399 | €17,644 | +€6,245 | +54.8% |
| Total equity and liabilities | 10/49 | €297,686 | €288,022 | -€9,664 | -3.2% |
| Equity | 10/15 | €262,991 | €246,915 | -€16,075 | -6.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €256,791 | €240,715 | -€16,075 | -6.3% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €238,041 | €221,965 | -€16,075 | -6.8% |
| Amounts payable | 17/49 | €34,695 | €41,107 | +€6,411 | +18.5% |
| Amounts payable within one year | 42/48 | €34,695 | €41,107 | +€6,411 | +18.5% |
| Trade debts | 44 | - | €411 | +€411 | |
| Suppliers | 440/4 | - | €411 | +€411 | |
| Other amounts payable | 47/48 | €34,695 | €40,695 | +€6,000 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,703 | €15,910 | -€3,793 | -19.3% |
| Other operating charges | 640/8 | €1,447 | €1,490 | +€43 | +3.0% |
| Gross operating margin | 9900 | €15,212 | €16,569 | +€1,357 | +8.9% |
| Operating profit (loss) | 9901 | -€5,938 | -€830 | +€5,107 | +86.0% |
| Financial charges | 65/66B | €158 | €245 | +€87 | +54.6% |
| Recurring financial charges | 65 | €158 | €245 | +€87 | +54.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,096 | -€1,075 | +€5,021 | +82.4% |
| Profit (loss) for the period | 9904 | -€6,096 | -€1,075 | +€5,021 | +82.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,096 | -€1,075 | +€5,021 | +82.4% |
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 21 October 2026 via checked.be.