HERBÉ: 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.
HERBÉ
Largest movements
- Receivables within one year -€135,060
down €135,060 (-80.2%), from €168,434 to €33,374
of which Trade receivables: -€141,233
- Cash -€34,184
down €34,184 (-91.4%), from €37,412 to €3,228
mainly Net result for the year (-€79,543) and Advances received (-€75,500)
- Stocks and contracts -€22,682
down €22,682 (-77.7%), from €29,200 to €6,518
- Profit (loss) carried forward -€79,543
down €79,543 (-183.6%), from -€43,332 to -€122,874
- Advances received -€75,500
down €75,500 (-100.0%), from €75,500 to €0
- Trade debts -€37,577
down €37,577 (-31.7%), from €118,641 to €81,064
- Gross operating margin -€76,015
down €76,015, from €70,443 to -€5,572
- Staff costs +€19,854
up €19,854 (+37.6%), from €52,772 to €72,626
- Other operating charges -€1,616
down €1,616 (-75.4%), from €2,143 to €528
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 | €237,795 | €44,499 | -€193,296 | -81.3% |
| Formation expenses | 20 | €1,004 | €480 | -€524 | -52.2% |
| Fixed assets | 21/28 | €821 | €679 | -€142 | -17.3% |
| Intangible fixed assets | 21 | €821 | €679 | -€142 | -17.3% |
| Current assets | 29/58 | €235,970 | €43,341 | -€192,629 | -81.6% |
| Stocks and contracts in progress | 3 | €29,200 | €6,518 | -€22,682 | -77.7% |
| Contracts in progress | 37 | €29,200 | €6,518 | -€22,682 | -77.7% |
| Amounts receivable within one year | 40/41 | €168,434 | €33,374 | -€135,060 | -80.2% |
| Trade receivables | 40 | €168,434 | €27,201 | -€141,233 | -83.9% |
| Other amounts receivable | 41 | €0 | €6,172 | +€6,172 | |
| Cash at bank and in hand | 54/58 | €37,412 | €3,228 | -€34,184 | -91.4% |
| Deferred charges and accrued income | 490/1 | €924 | €221 | -€703 | -76.1% |
| Total equity and liabilities | 10/49 | €237,795 | €44,499 | -€193,296 | -81.3% |
| Equity | 10/15 | -€18,332 | -€97,874 | -€79,543 | -433.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,332 | -€122,874 | -€79,543 | -183.6% |
| Amounts payable | 17/49 | €256,127 | €142,374 | -€113,753 | -44.4% |
| Amounts payable after more than one year | 17 | €53,179 | €53,179 | = | 0.0% |
| Other amounts payable | 178/9 | €53,179 | €53,179 | = | 0.0% |
| Amounts payable within one year | 42/48 | €202,947 | €89,194 | -€113,753 | -56.1% |
| Trade debts | 44 | €118,641 | €81,064 | -€37,577 | -31.7% |
| Suppliers | 440/4 | €118,641 | €81,064 | -€37,577 | -31.7% |
| Advances received on contracts in progress | 46 | €75,500 | €0 | -€75,500 | -100.0% |
| Taxes, remuneration and social security | 45 | €8,806 | €8,130 | -€676 | -7.7% |
| Taxes | 450/3 | €3,370 | €0 | -€3,370 | -100.0% |
| Remuneration and social security | 454/9 | €5,436 | €8,130 | +€2,695 | +49.6% |
| Remuneration, social security and pensions | 62 | €52,772 | €72,626 | +€19,854 | +37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €887 | €666 | -€221 | -24.9% |
| Other operating charges | 640/8 | €2,143 | €528 | -€1,616 | -75.4% |
| Gross operating margin | 9900 | €70,443 | -€5,572 | -€76,015 | |
| Operating profit (loss) | 9901 | €14,641 | -€79,392 | -€94,033 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €393 | €150 | -€243 | -61.7% |
| Recurring financial charges | 65 | €393 | €150 | -€243 | -61.7% |
| Profit (loss) for the period before taxes | 9903 | €14,249 | -€79,543 | -€93,791 | |
| Profit (loss) for the period | 9904 | €14,249 | -€79,543 | -€93,791 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,249 | -€79,543 | -€93,791 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.