Herbo - Werken: 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.
Herbo - Werken
Largest movements
- Tangible fixed assets -€110,597
down €110,597 (-68.0%), from €162,659 to €52,062
of which Land and buildings: -€109,073
- Financial fixed assets -€43,672
no longer reported in 2025 (was €43,672)
- Receivables within one year -€8,991
down €8,991 (-51.9%), from €17,310 to €8,319
of which Trade receivables: -€6,560
- Stocks and contracts +€8,109
up €8,109 (+17.6%), from €46,118 to €54,227
of which Stocks: +€4,359
- Short-term financial debts -€122,699
down €122,699 (-84.5%), from €145,174 to €22,475
of which Other loans: -€135,000
- Profit (loss) carried forward -€35,030
down €35,030 (-9.7%), from -€362,392 to -€397,423
- Other debts +€18,275
up €18,275 (+22.5%), from €81,113 to €99,388
- Trade debts -€12,887
down €12,887 (-13.6%), from €94,611 to €81,724
- Staff costs -€17,607
down €17,607 (-7.0%), from €252,976 to €235,369
- Gross operating margin +€10,687
up €10,687 (+5.2%), from €205,744 to €216,431
- Financial charges +€5,254
up €5,254 (+144%), from €3,651 to €8,905
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 | €289,131 | €135,023 | -€154,108 | -53.3% |
| Fixed assets | 21/28 | €206,331 | €52,062 | -€154,269 | -74.8% |
| Tangible fixed assets | 22/27 | €162,659 | €52,062 | -€110,597 | -68.0% |
| Land and buildings | 22 | €158,397 | €49,324 | -€109,073 | -68.9% |
| Plant, machinery and equipment | 23 | €1,125 | €538 | -€587 | -52.2% |
| Furniture and vehicles | 24 | €3,137 | €2,200 | -€937 | -29.9% |
| Financial fixed assets | 28 | €43,672 | - | -€43,672 | |
| Current assets | 29/58 | €82,800 | €82,961 | +€160 | +0.2% |
| Amounts receivable after more than one year | 29 | €19,149 | €19,149 | = | 0.0% |
| Other amounts receivable | 291 | €19,149 | €19,149 | = | 0.0% |
| Stocks and contracts in progress | 3 | €46,118 | €54,227 | +€8,109 | +17.6% |
| Stocks | 30/36 | €38,618 | €42,977 | +€4,359 | +11.3% |
| Contracts in progress | 37 | €7,500 | €11,250 | +€3,750 | +50.0% |
| Amounts receivable within one year | 40/41 | €17,310 | €8,319 | -€8,991 | -51.9% |
| Trade receivables | 40 | €13,252 | €6,693 | -€6,560 | -49.5% |
| Other amounts receivable | 41 | €4,057 | €1,626 | -€2,431 | -59.9% |
| Cash at bank and in hand | 54/58 | €12 | €133 | +€121 | +1,004% |
| Deferred charges and accrued income | 490/1 | €212 | €1,132 | +€921 | +435% |
| Total equity and liabilities | 10/49 | €289,131 | €135,023 | -€154,108 | -53.3% |
| Equity | 10/15 | -€38,850 | -€73,881 | -€35,030 | -90.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €261,542 | €261,542 | = | 0.0% |
| Non-distributable reserves | 130/1 | €107,875 | €107,875 | = | 0.0% |
| Legal reserve | 130 | €2,727 | €2,727 | = | 0.0% |
| Reserves not available under the articles | 1311 | €105,148 | €105,148 | = | 0.0% |
| Distributable reserves | 133 | €153,667 | €153,667 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€362,392 | -€397,423 | -€35,030 | -9.7% |
| Amounts payable | 17/49 | €327,981 | €208,903 | -€119,078 | -36.3% |
| Amounts payable within one year | 42/48 | €327,270 | €207,271 | -€119,999 | -36.7% |
| Current portion of amounts payable after more than one year | 42 | €2,282 | - | -€2,282 | |
| Financial debts | 43 | €145,174 | €22,475 | -€122,699 | -84.5% |
| Credit institutions | 430/8 | €10,174 | €22,475 | +€12,301 | +121% |
| Other loans | 439 | €135,000 | - | -€135,000 | |
| Trade debts | 44 | €94,611 | €81,724 | -€12,887 | -13.6% |
| Suppliers | 440/4 | €94,611 | €81,724 | -€12,887 | -13.6% |
| Taxes, remuneration and social security | 45 | €4,090 | €3,684 | -€406 | -9.9% |
| Taxes | 450/3 | €180 | €15 | -€166 | -91.9% |
| Remuneration and social security | 454/9 | €3,910 | €3,670 | -€240 | -6.1% |
| Other amounts payable | 47/48 | €81,113 | €99,388 | +€18,275 | +22.5% |
| Accrued charges and deferred income | 492/3 | €712 | €1,632 | +€921 | +129% |
| Remuneration, social security and pensions | 62 | €252,976 | €235,369 | -€17,607 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,986 | €1,524 | -€1,462 | -49.0% |
| Other operating charges | 640/8 | €6,362 | €6,007 | -€355 | -5.6% |
| Gross operating margin | 9900 | €205,744 | €216,431 | +€10,687 | +5.2% |
| Operating profit (loss) | 9901 | -€56,580 | -€26,469 | +€30,111 | +53.2% |
| Financial income | 75/76B | €414 | €357 | -€56 | -13.6% |
| Recurring financial income | 75 | €414 | €357 | -€56 | -13.6% |
| Financial charges | 65/66B | €3,651 | €8,905 | +€5,254 | +144% |
| Recurring financial charges | 65 | €3,651 | €8,905 | +€5,254 | +144% |
| Profit (loss) for the period before taxes | 9903 | -€59,817 | -€35,016 | +€24,801 | +41.5% |
| Income taxes | 67/77 | €180 | €15 | -€166 | -91.9% |
| Profit (loss) for the period | 9904 | -€59,997 | -€35,030 | +€24,966 | +41.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,997 | -€35,030 | +€24,966 | +41.6% |
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 31 October 2026 via checked.be.