HERBACHEF: 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.
HERBACHEF
Largest movements
- Cash +€52,039
up €52,039 (+48.3%), from €107,768 to €159,807
mainly Stocks and contracts (+€30,500) and Net result for the year (+€21,407)
- Stocks and contracts -€30,500
down €30,500 (-20.3%), from €150,000 to €119,500
- Reserves +€21,407
up €21,407 (+32.6%), from €65,682 to €87,089
of which Distributable reserves: +€21,407
- Tax, wage and social debts -€5,411
down €5,411 (-16.8%), from €32,229 to €26,818
- Gross operating margin +€8,137
up €8,137 (+29.0%), from €28,017 to €36,154
- Taxes +€2,472
up €2,472 (+28.8%), from €8,595 to €11,067
- Financial charges +€973
up €973 (+35.8%), from €2,715 to €3,688
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 | €320,023 | €338,200 | +€18,177 | +5.7% |
| Current assets | 29/58 | €320,023 | €338,200 | +€18,177 | +5.7% |
| Stocks and contracts in progress | 3 | €150,000 | €119,500 | -€30,500 | -20.3% |
| Stocks | 30/36 | €150,000 | €119,500 | -€30,500 | -20.3% |
| Amounts receivable within one year | 40/41 | €62,255 | €58,893 | -€3,362 | -5.4% |
| Trade receivables | 40 | €17,663 | €41,598 | +€23,935 | +136% |
| Other amounts receivable | 41 | €44,592 | €17,295 | -€27,297 | -61.2% |
| Cash at bank and in hand | 54/58 | €107,768 | €159,807 | +€52,039 | +48.3% |
| Total equity and liabilities | 10/49 | €320,023 | €338,200 | +€18,177 | +5.7% |
| Equity | 10/15 | €146,656 | €168,063 | +€21,407 | +14.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €65,682 | €87,089 | +€21,407 | +32.6% |
| Non-distributable reserves | 130/1 | €2,480 | €2,480 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,480 | €2,480 | = | 0.0% |
| Distributable reserves | 133 | €63,202 | €84,609 | +€21,407 | +33.9% |
| Profit (loss) carried forward | 14 | €68,574 | €68,574 | = | 0.0% |
| Amounts payable | 17/49 | €173,367 | €170,137 | -€3,230 | -1.9% |
| Amounts payable within one year | 42/48 | €173,367 | €170,137 | -€3,230 | -1.9% |
| Trade debts | 44 | €81,594 | €83,775 | +€2,181 | +2.7% |
| Suppliers | 440/4 | €81,594 | €83,775 | +€2,181 | +2.7% |
| Taxes, remuneration and social security | 45 | €32,229 | €26,818 | -€5,411 | -16.8% |
| Taxes | 450/3 | €32,229 | €26,818 | -€5,411 | -16.8% |
| Other amounts payable | 47/48 | €59,544 | €59,544 | = | 0.0% |
| Other operating charges | 640/8 | €281 | €4 | -€277 | -98.6% |
| Gross operating margin | 9900 | €28,017 | €36,154 | +€8,137 | +29.0% |
| Operating profit (loss) | 9901 | €27,736 | €36,150 | +€8,414 | +30.3% |
| Financial income | 75/76B | €111 | €12 | -€99 | -89.2% |
| Recurring financial income | 75 | €111 | €12 | -€99 | -89.2% |
| Financial charges | 65/66B | €2,715 | €3,688 | +€973 | +35.8% |
| Recurring financial charges | 65 | €2,715 | €3,688 | +€973 | +35.8% |
| Profit (loss) for the period before taxes | 9903 | €25,132 | €32,474 | +€7,342 | +29.2% |
| Income taxes | 67/77 | €8,595 | €11,067 | +€2,472 | +28.8% |
| Profit (loss) for the period | 9904 | €16,537 | €21,407 | +€4,870 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,537 | €21,407 | +€4,870 | +29.4% |
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 17 October 2026 via checked.be.