Herbosch: 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.
Herbosch
Largest movements
- Cash +€90,445
up €90,445 (+768%), from €11,779 to €102,224
mainly Net result for the year (+€106,563) and Other debts (+€36,834)
- Receivables within one year +€53,472
up €53,472 (+23,452%), from €228 to €53,700
of which Trade receivables: +€41,737
- Tangible fixed assets +€12,304
up €12,304 (+128%), from €9,625 to €21,929
of which Furniture and vehicles: +€10,207
- Reserves +€66,503
up €66,503 (+887%), from €7,497 to €74,000
- Other debts +€36,834
up €36,834 (+4,720%), from €780 to €37,614
- Advances received +€30,373
new in 2025: €30,373
- Trade debts +€13,416
up €13,416 (+647%), from €2,075 to €15,491
- Tax, wage and social debts +€9,095
up €9,095 (+711%), from €1,280 to €10,375
- Gross operating margin +€182,924
up €182,924, from -€39,992 to €142,931
- Taxes +€30,101
up €30,101 (+11,235%), from €268 to €30,369
- Financial income -€6,946
down €6,946 (-99.8%), from €6,961 to €15
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 | €21,632 | €177,853 | +€156,221 | +722% |
| Fixed assets | 21/28 | €9,625 | €21,929 | +€12,304 | +128% |
| Tangible fixed assets | 22/27 | €9,625 | €21,929 | +€12,304 | +128% |
| Plant, machinery and equipment | 23 | €1,452 | €5,216 | +€3,764 | +259% |
| Furniture and vehicles | 24 | €790 | €10,997 | +€10,207 | +1,291% |
| Other tangible fixed assets | 26 | €7,382 | €5,716 | -€1,666 | -22.6% |
| Current assets | 29/58 | €12,007 | €155,924 | +€143,917 | +1,199% |
| Amounts receivable within one year | 40/41 | €228 | €53,700 | +€53,472 | +23,452% |
| Trade receivables | 40 | - | €41,737 | +€41,737 | |
| Other amounts receivable | 41 | €228 | €11,962 | +€11,734 | +5,147% |
| Cash at bank and in hand | 54/58 | €11,779 | €102,224 | +€90,445 | +768% |
| Total equity and liabilities | 10/49 | €21,632 | €177,853 | +€156,221 | +722% |
| Equity | 10/15 | €17,497 | €84,000 | +€66,503 | +380% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €7,497 | €74,000 | +€66,503 | +887% |
| Distributable reserves | 133 | €7,497 | €74,000 | +€66,503 | +887% |
| Amounts payable | 17/49 | €4,135 | €93,853 | +€89,718 | +2,170% |
| Amounts payable within one year | 42/48 | €4,135 | €93,853 | +€89,718 | +2,170% |
| Trade debts | 44 | €2,075 | €15,491 | +€13,416 | +647% |
| Suppliers | 440/4 | €2,075 | €15,491 | +€13,416 | +647% |
| Advances received on contracts in progress | 46 | - | €30,373 | +€30,373 | |
| Taxes, remuneration and social security | 45 | €1,280 | €10,375 | +€9,095 | +711% |
| Taxes | 450/3 | €1,280 | €10,375 | +€9,095 | +711% |
| Other amounts payable | 47/48 | €780 | €37,614 | +€36,834 | +4,720% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,418 | €4,702 | +€1,284 | +37.6% |
| Other operating charges | 640/8 | €1,184 | €972 | -€212 | -17.9% |
| Gross operating margin | 9900 | -€39,992 | €142,931 | +€182,924 | |
| Operating profit (loss) | 9901 | -€44,594 | €137,257 | +€181,852 | |
| Financial income | 75/76B | €6,961 | €15 | -€6,946 | -99.8% |
| Recurring financial income | 75 | €6,961 | €15 | -€6,946 | -99.8% |
| Financial charges | 65/66B | €188 | €341 | +€153 | +81.4% |
| Recurring financial charges | 65 | €188 | €341 | +€153 | +81.4% |
| Profit (loss) for the period before taxes | 9903 | -€37,821 | €136,932 | +€174,753 | |
| Income taxes | 67/77 | €268 | €30,369 | +€30,101 | +11,235% |
| Profit (loss) for the period | 9904 | -€38,089 | €106,563 | +€144,652 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,089 | €106,563 | +€144,652 |
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 30 October 2026 via checked.be.