HERBOSCH GROUP: 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 GROUP
Largest movements
- Tangible fixed assets +€287,465
up €287,465 (+87.8%), from €327,401 to €614,866
of which Land and buildings: +€309,279
- Stocks and contracts +€223,649
new in 2025: €223,649
- Cash -€71,870
down €71,870 (-56.6%), from €127,017 to €55,146
mainly Investment in fixed assets (net) (-€321,647) and Stocks and contracts (-€223,649)
- Debts after one year +€196,629
up €196,629 (+92.1%), from €213,464 to €410,093
- Short-term financial debts +€181,262
new in 2025: €181,262
- Other debts +€49,277
up €49,277 (+31.5%), from €156,327 to €205,604
- Tax, wage and social debts +€13,847
up €13,847 (+42.0%), from €32,941 to €46,788
of which Taxes: +€13,329
- Gross operating margin +€98,267
up €98,267 (+42.1%), from €233,628 to €331,895
- Depreciation +€30,087
up €30,087 (+735%), from €4,095 to €34,182
- Other operating charges -€28,824
down €28,824 (-93.8%), from €30,744 to €1,921
- Taxes +€20,428
up €20,428 (+54.5%), from €37,510 to €57,939
- Financial charges +€15,457
up €15,457 (+167%), from €9,280 to €24,736
of which Financial charges: +€11,103
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 | €499,037 | €949,496 | +€450,459 | +90.3% |
| Fixed assets | 21/28 | €327,401 | €614,866 | +€287,465 | +87.8% |
| Tangible fixed assets | 22/27 | €327,401 | €614,866 | +€287,465 | +87.8% |
| Land and buildings | 22 | €188,036 | €497,315 | +€309,279 | +164% |
| Plant, machinery and equipment | 23 | €3,962 | €7,135 | +€3,173 | +80.1% |
| Furniture and vehicles | 24 | €125,545 | €100,907 | -€24,638 | -19.6% |
| Other tangible fixed assets | 26 | €9,857 | €9,508 | -€349 | -3.5% |
| Current assets | 29/58 | €171,636 | €334,630 | +€162,994 | +95.0% |
| Stocks and contracts in progress | 3 | - | €223,649 | +€223,649 | |
| Stocks | 30/36 | - | €223,649 | +€223,649 | |
| Amounts receivable within one year | 40/41 | €42,701 | €50,680 | +€7,979 | +18.7% |
| Trade receivables | 40 | €12,888 | €49,801 | +€36,913 | +286% |
| Other amounts receivable | 41 | €29,813 | €879 | -€28,934 | -97.1% |
| Current investments | 50/53 | - | €750 | +€750 | |
| Cash at bank and in hand | 54/58 | €127,017 | €55,146 | -€71,870 | -56.6% |
| Deferred charges and accrued income | 490/1 | €1,919 | €4,405 | +€2,487 | +130% |
| Total equity and liabilities | 10/49 | €499,037 | €949,496 | +€450,459 | +90.3% |
| Equity | 10/15 | €61,252 | €66,262 | +€5,010 | +8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,652 | €47,662 | +€5,010 | +11.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €40,792 | €45,802 | +€5,010 | +12.3% |
| Amounts payable | 17/49 | €437,786 | €883,234 | +€445,449 | +102% |
| Amounts payable after more than one year | 17 | €213,464 | €410,093 | +€196,629 | +92.1% |
| Financial debts | 170/4 | €213,464 | €410,093 | +€196,629 | +92.1% |
| Amounts payable within one year | 42/48 | €224,321 | €470,641 | +€246,320 | +110% |
| Current portion of amounts payable after more than one year | 42 | €33,200 | €34,621 | +€1,421 | +4.3% |
| Financial debts | 43 | - | €181,262 | +€181,262 | |
| Credit institutions | 430/8 | - | €181,262 | +€181,262 | |
| Trade debts | 44 | €1,853 | €2,366 | +€513 | +27.7% |
| Suppliers | 440/4 | €1,853 | €2,366 | +€513 | +27.7% |
| Taxes, remuneration and social security | 45 | €32,941 | €46,788 | +€13,847 | +42.0% |
| Taxes | 450/3 | €26,174 | €39,504 | +€13,329 | +50.9% |
| Remuneration and social security | 454/9 | €6,767 | €7,285 | +€518 | +7.6% |
| Other amounts payable | 47/48 | €156,327 | €205,604 | +€49,277 | +31.5% |
| Accrued charges and deferred income | 492/3 | - | €2,500 | +€2,500 | |
| Remuneration, social security and pensions | 62 | €36,509 | €38,107 | +€1,598 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,095 | €34,182 | +€30,087 | +735% |
| Other operating charges | 640/8 | €30,744 | €1,921 | -€28,824 | -93.8% |
| Gross operating margin | 9900 | €233,628 | €331,895 | +€98,267 | +42.1% |
| Operating profit (loss) | 9901 | €162,280 | €257,685 | +€95,405 | +58.8% |
| Financial income | 75/76B | €32 | €0 | -€32 | -100.0% |
| Recurring financial income | 75 | €32 | €0 | -€32 | -100.0% |
| Financial charges | 65/66B | €9,280 | €24,736 | +€15,457 | +167% |
| Recurring financial charges | 65 | €9,280 | €20,383 | +€11,103 | +120% |
| Non-recurring financial charges | 66B | - | €4,353 | +€4,353 | |
| Profit (loss) for the period before taxes | 9903 | €153,032 | €232,949 | +€79,917 | +52.2% |
| Income taxes | 67/77 | €37,510 | €57,939 | +€20,428 | +54.5% |
| Profit (loss) for the period | 9904 | €115,521 | €175,010 | +€59,489 | +51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €115,521 | €175,010 | +€59,489 | +51.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.