HERBOTS: 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.
What changed
HERBOTS
NACE 70.200, Business and other management consultancy
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€1,226
2023 · -€2,283+€3,509
Equity
€1.4m
2023 · €1.4m+€1,226
Cash
€3,192
2023 · €2,429+€764
Balance sheet total
€2.5m
2023 · €2.7m-€246,427
Largest movements
Assets
- Receivables after one year -€150,000
down €150,000 (-40.5%), from €370,000 to €220,000
- Receivables within one year -€69,529
down €69,529 (-78.8%), from €88,238 to €18,710
of which Other amounts receivable: -€64,988
- Tangible fixed assets -€28,088
down €28,088 (-1.6%), from €1.8m to €1.8m
of which Land and buildings: -€32,546
Equity and liabilities
- Short-term financial debts -€280,000
down €280,000 (-48.3%), from €580,000 to €300,000
- Current portion of long-term debt +€49,525
up €49,525 (+67.9%), from €72,985 to €122,510
- Trade debts -€43,574
down €43,574 (-60.9%), from €71,602 to €28,028
Income statement
- Gross operating margin -€11,093
down €11,093 (-6.0%), from €184,236 to €173,143
- Financial income +€10,841
up €10,841 (+53.0%), from €20,466 to €31,307
- Staff costs -€7,117
down €7,117 (-26.6%), from €26,788 to €19,671
From the 2023 result to the 2024 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.
Result 2023
-€2,283
Gross operating margin
-€11,093
Staff costs
+€7,117
Depreciation
-€1,186
Other operating charges
+€247
Financial income
+€10,841
Financial charges
-€1,435
Taxes
-€982
Result 2024
€1,226
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€214,303
Investment
-€4,545
Financing
-€208,994
Cash 2023
€2,429
From operations (derived)
+€214,303
Net result for the year
+€1,226
Depreciation
+€32,633
Receivables after one year
+€150,000
Receivables within one year
+€69,529
Smaller working-capital items
-€155
Trade debts
-€43,574
Other debts
+€4,645
Investment (derived)
-€4,545
Investment in fixed assets (net)
-€4,545
Financing
-€208,994
Debts after one year
+€21,481
Current portion of long-term debt
+€49,525
Short-term financial debts
-€280,000
Cash 2024
€3,192
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,715,467 | €2,469,041 | -€246,427 | -9.1% |
| Fixed assets | 21/28 | €2,253,204 | €2,225,116 | -€28,088 | -1.2% |
| Tangible fixed assets | 22/27 | €1,803,204 | €1,775,116 | -€28,088 | -1.6% |
| Land and buildings | 22 | €1,803,204 | €1,770,658 | -€32,546 | -1.8% |
| Plant, machinery and equipment | 23 | - | €4,459 | +€4,459 | |
| Financial fixed assets | 28 | €450,000 | €450,000 | = | 0.0% |
| Current assets | 29/58 | €462,264 | €243,925 | -€218,339 | -47.2% |
| Amounts receivable after more than one year | 29 | €370,000 | €220,000 | -€150,000 | -40.5% |
| Other amounts receivable | 291 | €370,000 | €220,000 | -€150,000 | -40.5% |
| Amounts receivable within one year | 40/41 | €88,238 | €18,710 | -€69,529 | -78.8% |
| Trade receivables | 40 | €6,861 | €2,320 | -€4,541 | -66.2% |
| Other amounts receivable | 41 | €81,377 | €16,389 | -€64,988 | -79.9% |
| Cash at bank and in hand | 54/58 | €2,429 | €3,192 | +€764 | +31.4% |
| Deferred charges and accrued income | 490/1 | €1,597 | €2,023 | +€426 | +26.7% |
| Total equity and liabilities | 10/49 | €2,715,467 | €2,469,041 | -€246,427 | -9.1% |
| Equity | 10/15 | €1,411,793 | €1,413,019 | +€1,226 | +0.1% |
| Contributions | 10/11 | €168,592 | €168,592 | = | 0.0% |
| Capital | 10 | €168,592 | €168,592 | = | 0.0% |
| Issued capital | 100 | €168,592 | €168,592 | = | 0.0% |
| Revaluation surpluses | 12 | €1,045,726 | €1,045,726 | = | 0.0% |
| Reserves | 13 | €225,337 | €225,337 | = | 0.0% |
| Non-distributable reserves | 130/1 | €481 | €481 | = | 0.0% |
| Legal reserve | 130 | €481 | €481 | = | 0.0% |
| Tax-exempt reserves | 132 | €221,100 | €221,100 | = | 0.0% |
| Distributable reserves | 133 | €3,756 | €3,756 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,862 | -€26,636 | +€1,226 | +4.4% |
| Provisions and deferred taxes | 16 | €113,900 | €113,900 | = | 0.0% |
| Deferred taxes | 168 | €113,900 | €113,900 | = | 0.0% |
| Amounts payable | 17/49 | €1,189,774 | €942,122 | -€247,653 | -20.8% |
| Amounts payable after more than one year | 17 | €447,927 | €469,408 | +€21,481 | +4.8% |
| Financial debts | 170/4 | €447,927 | €469,408 | +€21,481 | +4.8% |
| Amounts payable within one year | 42/48 | €741,847 | €472,714 | -€269,133 | -36.3% |
| Current portion of amounts payable after more than one year | 42 | €72,985 | €122,510 | +€49,525 | +67.9% |
| Financial debts | 43 | €580,000 | €300,000 | -€280,000 | -48.3% |
| Credit institutions | 430/8 | €580,000 | €300,000 | -€280,000 | -48.3% |
| Trade debts | 44 | €71,602 | €28,028 | -€43,574 | -60.9% |
| Suppliers | 440/4 | €71,602 | €28,028 | -€43,574 | -60.9% |
| Taxes, remuneration and social security | 45 | €9,292 | €9,562 | +€271 | +2.9% |
| Taxes | 450/3 | €2,883 | €2,137 | -€747 | -25.9% |
| Remuneration and social security | 454/9 | €6,408 | €7,426 | +€1,018 | +15.9% |
| Other amounts payable | 47/48 | €7,968 | €12,613 | +€4,645 | +58.3% |
| Remuneration, social security and pensions | 62 | €26,788 | €19,671 | -€7,117 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,447 | €32,633 | +€1,186 | +3.8% |
| Other operating charges | 640/8 | €87,996 | €87,749 | -€247 | -0.3% |
| Gross operating margin | 9900 | €184,236 | €173,143 | -€11,093 | -6.0% |
| Operating profit (loss) | 9901 | €38,005 | €33,090 | -€4,915 | -12.9% |
| Financial income | 75/76B | €20,466 | €31,307 | +€10,841 | +53.0% |
| Recurring financial income | 75 | €20,466 | €31,307 | +€10,841 | +53.0% |
| Financial charges | 65/66B | €59,600 | €61,035 | +€1,435 | +2.4% |
| Recurring financial charges | 65 | €45,931 | €61,035 | +€15,103 | +32.9% |
| Non-recurring financial charges | 66B | €13,668 | - | -€13,668 | |
| Profit (loss) for the period before taxes | 9903 | -€1,129 | €3,363 | +€4,492 | |
| Income taxes | 67/77 | €1,154 | €2,137 | +€982 | +85.1% |
| Profit (loss) for the period | 9904 | -€2,283 | €1,226 | +€3,509 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,283 | €1,226 | +€3,509 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.