Herbéa: 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.
Herbéa
Largest movements
- Tangible fixed assets -€14,181
down €14,181 (-33.2%), from €42,698 to €28,517
of which Plant, machinery and equipment: -€10,436
- Deferred charges and accrued income -€11,101
down €11,101 (-92.5%), from €12,000 to €899
- Receivables within one year +€5,509
up €5,509 (+97.1%), from €5,676 to €11,185
of which Trade receivables: +€6,040
- Cash -€5,477
down €5,477 (-26.1%), from €20,965 to €15,488
mainly Contributions, distributions and other (-€15,357) and Debts after one year (-€9,592)
- Stocks and contracts +€1,749
up €1,749 (+32.8%), from €5,335 to €7,085
- Investment grants -€15,357
down €15,357 (-68.1%), from €22,561 to €7,204
- Debts after one year -€9,592
down €9,592 (-42.0%), from €22,826 to €13,234
- Trade debts +€7,219
up €7,219 (+575.0%), from €1,255 to €8,474
- Other debts -€4,500
down €4,500 (-100.0%), from €4,500 to €0
- Profit (loss) carried forward -€2,317
down €2,317 (-48.6%), from -€4,770 to -€7,087
- Gross operating margin +€23,801
up €23,801 (+101.6%), from €23,435 to €47,236
- Financial income -€12,190
down €12,190 (-78.4%), from €15,551 to €3,361
- Staff costs +€9,574
up €9,574 (+34.8%), from €27,515 to €37,089
- Other operating charges +€506
new in 2025: €506
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 | €87,025 | €63,774 | -€23,251 | -26.7% |
| Fixed assets | 21/28 | €43,048 | €29,117 | -€13,931 | -32.4% |
| Tangible fixed assets | 22/27 | €42,698 | €28,517 | -€14,181 | -33.2% |
| Plant, machinery and equipment | 23 | €32,799 | €22,363 | -€10,436 | -31.8% |
| Furniture and vehicles | 24 | €2,788 | €0 | -€2,788 | -100.0% |
| Other tangible fixed assets | 26 | €7,111 | €6,154 | -€957 | -13.5% |
| Financial fixed assets | 28 | €350 | €600 | +€250 | +71.4% |
| Current assets | 29/58 | €43,976 | €34,657 | -€9,320 | -21.2% |
| Stocks and contracts in progress | 3 | €5,335 | €7,085 | +€1,749 | +32.8% |
| Stocks | 30/36 | €5,335 | €7,085 | +€1,749 | +32.8% |
| Amounts receivable within one year | 40/41 | €5,676 | €11,185 | +€5,509 | +97.1% |
| Trade receivables | 40 | €1,612 | €7,651 | +€6,040 | +374.7% |
| Other amounts receivable | 41 | €4,064 | €3,534 | -€531 | -13.1% |
| Cash at bank and in hand | 54/58 | €20,965 | €15,488 | -€5,477 | -26.1% |
| Deferred charges and accrued income | 490/1 | €12,000 | €899 | -€11,101 | -92.5% |
| Total equity and liabilities | 10/49 | €87,025 | €63,774 | -€23,251 | -26.7% |
| Equity | 10/15 | €48,791 | €31,117 | -€17,674 | -36.2% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,770 | -€7,087 | -€2,317 | -48.6% |
| Investment grants | 15 | €22,561 | €7,204 | -€15,357 | -68.1% |
| Amounts payable | 17/49 | €38,234 | €32,656 | -€5,577 | -14.6% |
| Amounts payable after more than one year | 17 | €22,826 | €13,234 | -€9,592 | -42.0% |
| Financial debts | 170/4 | €22,826 | €13,234 | -€9,592 | -42.0% |
| Amounts payable within one year | 42/48 | €15,407 | €19,422 | +€4,015 | +26.1% |
| Current portion of amounts payable after more than one year | 42 | €9,319 | €9,592 | +€273 | +2.9% |
| Trade debts | 44 | €1,255 | €8,474 | +€7,219 | +575.0% |
| Suppliers | 440/4 | €1,255 | €8,474 | +€7,219 | +575.0% |
| Taxes, remuneration and social security | 45 | €333 | €1,356 | +€1,023 | +307.8% |
| Taxes | 450/3 | €99 | €0 | -€99 | -100.0% |
| Remuneration and social security | 454/9 | €233 | €1,356 | +€1,123 | +481.8% |
| Other amounts payable | 47/48 | €4,500 | €0 | -€4,500 | -100.0% |
| Remuneration, social security and pensions | 62 | €27,515 | €37,089 | +€9,574 | +34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,050 | €14,181 | +€131 | +0.9% |
| Other operating charges | 640/8 | - | €506 | +€506 | |
| Gross operating margin | 9900 | €23,435 | €47,236 | +€23,801 | +101.6% |
| Operating profit (loss) | 9901 | -€18,130 | -€4,540 | +€13,590 | +75.0% |
| Financial income | 75/76B | €15,551 | €3,361 | -€12,190 | -78.4% |
| Recurring financial income | 75 | €15,551 | €3,361 | -€12,190 | -78.4% |
| Financial charges | 65/66B | €1,267 | €1,138 | -€129 | -10.2% |
| Recurring financial charges | 65 | €1,267 | €1,138 | -€129 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,846 | -€2,317 | +€1,529 | +39.8% |
| Income taxes | 67/77 | €230 | €0 | -€230 | -100.0% |
| Profit (loss) for the period | 9904 | -€4,076 | -€2,317 | +€1,759 | +43.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,076 | -€2,317 | +€1,759 | +43.2% |
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 2 October 2026 via checked.be.