HERBA: 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.
HERBA
Largest movements
- Tangible fixed assets -€65,172
down €65,172 (-23.3%), from €280,305 to €215,133
of which Furniture and vehicles: -€37,922
- Cash -€14,917
down €14,917 (-30.2%), from €49,348 to €34,431
mainly Trade debts (-€38,622) and Debts after one year (-€31,917)
- Trade debts -€38,622
down €38,622 (-58.9%), from €65,560 to €26,938
- Debts after one year -€31,917
down €31,917 (-14.4%), from €221,927 to €190,010
- Other debts -€6,945
down €6,945 (-18.3%), from €38,013 to €31,068
- Write-downs -€16,819
down €16,819 (-100.0%), from €16,819 to €0
- Gross operating margin +€8,865
up €8,865 (+5.5%), from €161,027 to €169,892
- Staff costs +€7,614
up €7,614 (+9.5%), from €80,118 to €87,732
- Depreciation +€5,130
up €5,130 (+8.5%), from €60,454 to €65,584
- Other operating charges -€4,421
down €4,421 (-34.4%), from €12,851 to €8,431
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 | €643,826 | €568,112 | -€75,714 | -11.8% |
| Fixed assets | 21/28 | €280,309 | €216,412 | -€63,897 | -22.8% |
| Tangible fixed assets | 22/27 | €280,305 | €215,133 | -€65,172 | -23.3% |
| Land and buildings | 22 | €116,441 | €107,476 | -€8,965 | -7.7% |
| Plant, machinery and equipment | 23 | €42,158 | €35,499 | -€6,659 | -15.8% |
| Furniture and vehicles | 24 | €103,356 | €65,434 | -€37,922 | -36.7% |
| Other tangible fixed assets | 26 | €18,350 | €6,725 | -€11,625 | -63.4% |
| Financial fixed assets | 28 | €4 | €1,279 | +€1,275 | +34274.2% |
| Current assets | 29/58 | €363,518 | €351,701 | -€11,817 | -3.3% |
| Stocks and contracts in progress | 3 | €299,598 | €301,988 | +€2,390 | +0.8% |
| Stocks | 30/36 | €299,598 | €301,988 | +€2,390 | +0.8% |
| Amounts receivable within one year | 40/41 | €7,873 | €6,031 | -€1,843 | -23.4% |
| Trade receivables | 40 | €2,688 | €2,727 | +€39 | +1.4% |
| Other amounts receivable | 41 | €5,185 | €3,304 | -€1,882 | -36.3% |
| Cash at bank and in hand | 54/58 | €49,348 | €34,431 | -€14,917 | -30.2% |
| Deferred charges and accrued income | 490/1 | €6,699 | €9,251 | +€2,552 | +38.1% |
| Total equity and liabilities | 10/49 | €643,826 | €568,112 | -€75,714 | -11.8% |
| Equity | 10/15 | €260,094 | €262,791 | +€2,697 | +1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €241,494 | €244,191 | +€2,697 | +1.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €25,959 | €25,959 | = | 0.0% |
| Distributable reserves | 133 | €215,535 | €218,232 | +€2,697 | +1.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €383,733 | €305,322 | -€78,411 | -20.4% |
| Amounts payable after more than one year | 17 | €221,927 | €190,010 | -€31,917 | -14.4% |
| Financial debts | 170/4 | €221,927 | €190,010 | -€31,917 | -14.4% |
| Amounts payable within one year | 42/48 | €161,806 | €115,312 | -€46,494 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €36,227 | €31,917 | -€4,310 | -11.9% |
| Trade debts | 44 | €65,560 | €26,938 | -€38,622 | -58.9% |
| Suppliers | 440/4 | €65,560 | €26,938 | -€38,622 | -58.9% |
| Taxes, remuneration and social security | 45 | €22,006 | €25,389 | +€3,383 | +15.4% |
| Taxes | 450/3 | €1,818 | €7,603 | +€5,785 | +318.3% |
| Remuneration and social security | 454/9 | €20,188 | €17,786 | -€2,402 | -11.9% |
| Other amounts payable | 47/48 | €38,013 | €31,068 | -€6,945 | -18.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €80,118 | €87,732 | +€7,614 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,454 | €65,584 | +€5,130 | +8.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,819 | €0 | -€16,819 | -100.0% |
| Other operating charges | 640/8 | €12,851 | €8,431 | -€4,421 | -34.4% |
| Gross operating margin | 9900 | €161,027 | €169,892 | +€8,865 | +5.5% |
| Operating profit (loss) | 9901 | -€9,216 | €8,145 | +€17,361 | |
| Financial income | 75/76B | €226 | €87 | -€139 | -61.6% |
| Recurring financial income | 75 | €226 | €87 | -€139 | -61.6% |
| Financial charges | 65/66B | €5,254 | €4,955 | -€299 | -5.7% |
| Recurring financial charges | 65 | €5,254 | €4,955 | -€299 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,244 | €3,277 | +€17,520 | |
| Income taxes | 67/77 | €605 | €580 | -€26 | -4.3% |
| Profit (loss) for the period | 9904 | -€14,849 | €2,697 | +€17,546 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,849 | €2,697 | +€17,546 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.