HERBERT: 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.
HERBERT
Largest movements
- Cash +€66,414
up €66,414 (+36.7%), from €180,868 to €247,282
mainly Net result for the year (+€69,127) and Receivables within one year (+€37,541)
- Receivables within one year -€37,541
down €37,541 (-42.4%), from €88,446 to €50,905
of which Other amounts receivable: -€39,042
- Tangible fixed assets -€8,984
down €8,984 (-32.0%), from €28,085 to €19,101
of which Furniture and vehicles: -€7,764
- Other debts +€28,806
up €28,806 (+71.4%), from €40,320 to €69,127
- Staff costs -€45,191
down €45,191 (-31.5%), from €143,644 to €98,454
- Taxes +€23,231
up €23,231 (+246.6%), from €9,419 to €32,650
- Gross operating margin +€20,283
up €20,283 (+11.0%), from €184,109 to €204,392
- Write-downs +€7,987
up €7,987, from -€7,737 to €250
- Other operating charges -€7,956
down €7,956 (-89.5%), from €8,885 to €930
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 | €458,424 | €479,869 | +€21,445 | +4.7% |
| Fixed assets | 21/28 | €33,485 | €24,501 | -€8,984 | -26.8% |
| Tangible fixed assets | 22/27 | €28,085 | €19,101 | -€8,984 | -32.0% |
| Plant, machinery and equipment | 23 | €4,048 | €2,828 | -€1,220 | -30.1% |
| Furniture and vehicles | 24 | €24,036 | €16,272 | -€7,764 | -32.3% |
| Financial fixed assets | 28 | €5,400 | €5,400 | = | 0.0% |
| Current assets | 29/58 | €424,939 | €455,368 | +€30,429 | +7.2% |
| Stocks and contracts in progress | 3 | €1,008 | €844 | -€164 | -16.2% |
| Stocks | 30/36 | €1,008 | €844 | -€164 | -16.2% |
| Amounts receivable within one year | 40/41 | €88,446 | €50,905 | -€37,541 | -42.4% |
| Trade receivables | 40 | €33,859 | €35,360 | +€1,501 | +4.4% |
| Other amounts receivable | 41 | €54,587 | €15,545 | -€39,042 | -71.5% |
| Current investments | 50/53 | €150,000 | €150,787 | +€787 | +0.5% |
| Cash at bank and in hand | 54/58 | €180,868 | €247,282 | +€66,414 | +36.7% |
| Deferred charges and accrued income | 490/1 | €4,618 | €5,550 | +€932 | +20.2% |
| Total equity and liabilities | 10/49 | €458,424 | €479,869 | +€21,445 | +4.7% |
| Equity | 10/15 | €300,000 | €300,000 | = | 0.0% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Capital | 10 | €90,000 | €90,000 | = | 0.0% |
| Issued capital | 100 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €210,000 | €210,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,574 | €9,574 | = | 0.0% |
| Legal reserve | 130 | €9,000 | €9,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €574 | €574 | = | 0.0% |
| Distributable reserves | 133 | €200,426 | €200,426 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €158,424 | €179,869 | +€21,445 | +13.5% |
| Amounts payable within one year | 42/48 | €152,339 | €173,784 | +€21,445 | +14.1% |
| Trade debts | 44 | €95,668 | €92,571 | -€3,097 | -3.2% |
| Suppliers | 440/4 | €95,668 | €92,571 | -€3,097 | -3.2% |
| Taxes, remuneration and social security | 45 | €16,351 | €12,086 | -€4,265 | -26.1% |
| Taxes | 450/3 | €3 | €2,650 | +€2,647 | +77159.5% |
| Remuneration and social security | 454/9 | €16,347 | €9,436 | -€6,911 | -42.3% |
| Other amounts payable | 47/48 | €40,320 | €69,127 | +€28,806 | +71.4% |
| Accrued charges and deferred income | 492/3 | €6,085 | €6,085 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €143,644 | €98,454 | -€45,191 | -31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,485 | €9,975 | -€509 | -4.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,737 | €250 | +€7,987 | |
| Other operating charges | 640/8 | €8,885 | €930 | -€7,956 | -89.5% |
| Gross operating margin | 9900 | €184,109 | €204,392 | +€20,283 | +11.0% |
| Operating profit (loss) | 9901 | €28,831 | €94,784 | +€65,952 | +228.8% |
| Financial income | 75/76B | €4,578 | €8,094 | +€3,516 | +76.8% |
| Recurring financial income | 75 | €4,578 | €8,094 | +€3,516 | +76.8% |
| Financial charges | 65/66B | €3,670 | €1,101 | -€2,569 | -70.0% |
| Recurring financial charges | 65 | €3,670 | €1,101 | -€2,569 | -70.0% |
| Profit (loss) for the period before taxes | 9903 | €29,739 | €101,776 | +€72,037 | +242.2% |
| Income taxes | 67/77 | €9,419 | €32,650 | +€23,231 | +246.6% |
| Profit (loss) for the period | 9904 | €20,320 | €69,127 | +€48,806 | +240.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,320 | €69,127 | +€48,806 | +240.2% |
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.