HERBOB: 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.
HERBOB
Largest movements
- Tangible fixed assets +€116,841
up €116,841 (+92.9%), from €125,723 to €242,564
of which Furniture and vehicles: +€115,006
- Receivables within one year -€13,802
down €13,802 (-95.1%), from €14,520 to €718
of which Trade receivables: -€14,520
- Cash -€6,644
down €6,644 (-11.0%), from €60,562 to €53,917
mainly Investment in fixed assets (net) (-€158,363) and Contributions, distributions and other (-€3,000)
- Debts after one year +€65,052
up €65,052 (+295.5%), from €22,012 to €87,064
- Reserves +€15,930
up €15,930 (+16.1%), from €98,928 to €114,858
of which Distributable reserves: +€15,930
- Current portion of long-term debt +€13,398
up €13,398 (+88.3%), from €15,169 to €28,566
- Depreciation +€9,210
up €9,210 (+28.5%), from €32,313 to €41,522
- Gross operating margin +€4,861
up €4,861 (+7.1%), from €68,652 to €73,513
- Financial charges +€1,326
up €1,326 (+115.2%), from €1,151 to €2,478
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 | €200,805 | €298,740 | +€97,936 | +48.8% |
| Fixed assets | 21/28 | €125,723 | €242,564 | +€116,841 | +92.9% |
| Tangible fixed assets | 22/27 | €125,723 | €242,564 | +€116,841 | +92.9% |
| Plant, machinery and equipment | 23 | €13,887 | €20,747 | +€6,860 | +49.4% |
| Furniture and vehicles | 24 | €84,566 | €199,572 | +€115,006 | +136.0% |
| Other tangible fixed assets | 26 | €27,270 | €22,245 | -€5,025 | -18.4% |
| Current assets | 29/58 | €75,082 | €56,176 | -€18,905 | -25.2% |
| Amounts receivable within one year | 40/41 | €14,520 | €718 | -€13,802 | -95.1% |
| Trade receivables | 40 | €14,520 | €0 | -€14,520 | -100.0% |
| Other amounts receivable | 41 | €0 | €718 | +€718 | |
| Cash at bank and in hand | 54/58 | €60,562 | €53,917 | -€6,644 | -11.0% |
| Deferred charges and accrued income | 490/1 | - | €1,541 | +€1,541 | |
| Total equity and liabilities | 10/49 | €200,805 | €298,740 | +€97,936 | +48.8% |
| Equity | 10/15 | €143,885 | €159,815 | +€15,930 | +11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €98,928 | €114,858 | +€15,930 | +16.1% |
| Non-distributable reserves | 130/1 | €208 | €208 | = | 0.0% |
| Reserves not available under the articles | 1311 | €208 | €208 | = | 0.0% |
| Distributable reserves | 133 | €98,720 | €114,651 | +€15,930 | +16.1% |
| Profit (loss) carried forward | 14 | €26,357 | €26,357 | = | 0.0% |
| Amounts payable | 17/49 | €56,919 | €138,925 | +€82,006 | +144.1% |
| Amounts payable after more than one year | 17 | €22,012 | €87,064 | +€65,052 | +295.5% |
| Financial debts | 170/4 | €22,012 | €87,064 | +€65,052 | +295.5% |
| Amounts payable within one year | 42/48 | €34,907 | €50,521 | +€15,614 | +44.7% |
| Current portion of amounts payable after more than one year | 42 | €15,169 | €28,566 | +€13,398 | +88.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,080 | €6,751 | +€1,671 | +32.9% |
| Suppliers | 440/4 | €5,080 | €6,751 | +€1,671 | +32.9% |
| Taxes, remuneration and social security | 45 | €6,108 | €7,002 | +€894 | +14.6% |
| Taxes | 450/3 | €3,832 | €7,002 | +€3,170 | +82.7% |
| Remuneration and social security | 454/9 | €2,276 | €0 | -€2,276 | -100.0% |
| Other amounts payable | 47/48 | €8,550 | €8,202 | -€349 | -4.1% |
| Accrued charges and deferred income | 492/3 | - | €1,339 | +€1,339 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,313 | €41,522 | +€9,210 | +28.5% |
| Other operating charges | 640/8 | €2,342 | €2,153 | -€188 | -8.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €68,652 | €73,513 | +€4,861 | +7.1% |
| Operating profit (loss) | 9901 | €33,998 | €29,838 | -€4,160 | -12.2% |
| Financial income | 75/76B | €20 | €0 | -€20 | -100.0% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -100.0% |
| Financial charges | 65/66B | €1,151 | €2,478 | +€1,326 | +115.2% |
| Recurring financial charges | 65 | €1,151 | €2,478 | +€1,326 | +115.2% |
| Profit (loss) for the period before taxes | 9903 | €32,866 | €27,360 | -€5,507 | -16.8% |
| Income taxes | 67/77 | €8,066 | €8,430 | +€364 | +4.5% |
| Profit (loss) for the period | 9904 | €24,801 | €18,930 | -€5,871 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,801 | €18,930 | -€5,871 | -23.7% |
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 3 October 2026 via checked.be.