HERBEK: 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.
HERBEK
Largest movements
- Current investments +€300,000
new in 2026: €300,000
- Cash -€287,098
down €287,098 (-68.5%), from €419,099 to €132,000
mainly Current investments (-€300,000) and Net result for the year (-€1,514)
- Tangible fixed assets -€9,524
down €9,524 (-3.1%), from €303,444 to €293,920
of which Plant, machinery and equipment: -€9,524
- Reserves -€11,575
down €11,575 (-1.7%), from €670,013 to €658,438
of which Tax-exempt reserves: -€37,890
- Profit (loss) carried forward +€10,061
up €10,061 (+38.2%), from €26,315 to €36,376
- Gross operating margin -€4,675
down €4,675 (-38.3%), from €12,220 to €7,545
- Depreciation -€2,076
down €2,076 (-17.9%), from €11,600 to €9,524
- Other operating charges +€1,513
up €1,513 (+65.4%), from €2,315 to €3,828
- Financial income +€988
up €988 (+29.6%), from €3,339 to €4,327
- Taxes -€555
no longer reported in 2026 (was €555)
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €729,152 | €729,317 | +€165 | 0.0% |
| Fixed assets | 21/28 | €303,444 | €293,920 | -€9,524 | -3.1% |
| Tangible fixed assets | 22/27 | €303,444 | €293,920 | -€9,524 | -3.1% |
| Land and buildings | 22 | €289,916 | €289,916 | = | 0.0% |
| Plant, machinery and equipment | 23 | €13,528 | €4,004 | -€9,524 | -70.4% |
| Current assets | 29/58 | €425,709 | €435,397 | +€9,688 | +2.3% |
| Amounts receivable within one year | 40/41 | €5,288 | €3,397 | -€1,892 | -35.8% |
| Other amounts receivable | 41 | €5,288 | €3,397 | -€1,892 | -35.8% |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €419,099 | €132,000 | -€287,098 | -68.5% |
| Deferred charges and accrued income | 490/1 | €1,322 | - | -€1,322 | |
| Total equity and liabilities | 10/49 | €729,152 | €729,317 | +€165 | 0.0% |
| Equity | 10/15 | €716,788 | €715,274 | -€1,514 | -0.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €670,013 | €658,438 | -€11,575 | -1.7% |
| Tax-exempt reserves | 132 | €37,890 | - | -€37,890 | |
| Distributable reserves | 133 | €632,123 | €658,438 | +€26,315 | +4.2% |
| Profit (loss) carried forward | 14 | €26,315 | €36,376 | +€10,061 | +38.2% |
| Amounts payable | 17/49 | €12,364 | €14,043 | +€1,679 | +13.6% |
| Amounts payable within one year | 42/48 | €12,364 | €14,043 | +€1,679 | +13.6% |
| Trade debts | 44 | €6,739 | €8,418 | +€1,679 | +24.9% |
| Suppliers | 440/4 | €6,739 | €8,418 | +€1,679 | +24.9% |
| Other amounts payable | 47/48 | €5,625 | €5,625 | = | 0.0% |
| Non-recurring operating income | 76A | - | €100 | +€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,600 | €9,524 | -€2,076 | -17.9% |
| Other operating charges | 640/8 | €2,315 | €3,828 | +€1,513 | +65.4% |
| Gross operating margin | 9900 | €12,220 | €7,545 | -€4,675 | -38.3% |
| Operating profit (loss) | 9901 | -€1,695 | -€5,807 | -€4,112 | -243% |
| Financial income | 75/76B | €3,339 | €4,327 | +€988 | +29.6% |
| Recurring financial income | 75 | €3,339 | €4,327 | +€988 | +29.6% |
| Financial charges | 65/66B | €34 | €34 | = | 0.0% |
| Recurring financial charges | 65 | €34 | €34 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €1,610 | -€1,514 | -€3,124 | |
| Income taxes | 67/77 | €555 | - | -€555 | |
| Profit (loss) for the period | 9904 | €1,055 | -€1,514 | -€2,569 | |
| Transfer from tax-exempt reserves | 789 | €25,260 | €37,890 | +€12,630 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,315 | €36,376 | +€10,061 | +38.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.