HERBOTS IMEX: 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.
HERBOTS IMEX
Largest movements
- Cash -€809,433
down €809,433 (-60.8%), from €1.3m to €522,089
mainly Trade debts (-€926,748) and Advances received (-€668,543)
- Stocks and contracts -€699,124
down €699,124 (-31.0%), from €2.3m to €1.6m
- Receivables within one year -€72,472
down €72,472 (-98.9%), from €73,295 to €823
of which Trade receivables: -€73,006
- Trade debts -€926,748
down €926,748 (-54.7%), from €1.7m to €767,205
- Advances received -€668,543
down €668,543 (-70.2%), from €952,099 to €283,556
- Reserves +€285,939
up €285,939 (+53.8%), from €531,442 to €817,381
- Short-term financial debts -€150,000
down €150,000 (-60.0%), from €250,000 to €100,000
of which Credit institutions: -€150,000
- Debts after one year -€141,684
down €141,684 (-100%), from €141,684 to €0
of which Other amounts payable: -€136,601
- Gross operating margin +€234,094
up €234,094 (+25.7%), from €912,214 to €1.1m
- Taxes +€77,537
up €77,537 (+154%), from €50,483 to €128,020
- Other operating charges -€65,479
down €65,479 (-86.4%), from €75,788 to €10,310
- Financial charges -€15,369
down €15,369 (-47.8%), from €32,118 to €16,750
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 | €3,855,504 | €2,258,546 | -€1.6m | -41.4% |
| Fixed assets | 21/28 | €184,956 | €167,264 | -€17,691 | -9.6% |
| Intangible fixed assets | 21 | €74,432 | €60,308 | -€14,124 | -19.0% |
| Tangible fixed assets | 22/27 | €110,524 | €106,956 | -€3,567 | -3.2% |
| Land and buildings | 22 | €72,782 | €65,862 | -€6,920 | -9.5% |
| Plant, machinery and equipment | 23 | €13,903 | €10,887 | -€3,016 | -21.7% |
| Furniture and vehicles | 24 | €0 | €21,785 | +€21,785 | |
| Leasing and similar rights | 25 | €20,859 | €6,076 | -€14,784 | -70.9% |
| Other tangible fixed assets | 26 | €2,979 | €2,347 | -€633 | -21.2% |
| Current assets | 29/58 | €3,670,548 | €2,091,281 | -€1.6m | -43.0% |
| Stocks and contracts in progress | 3 | €2,253,781 | €1,554,657 | -€699,124 | -31.0% |
| Stocks | 30/36 | €2,253,781 | €1,554,657 | -€699,124 | -31.0% |
| Amounts receivable within one year | 40/41 | €73,295 | €823 | -€72,472 | -98.9% |
| Trade receivables | 40 | €73,006 | €0 | -€73,006 | -100% |
| Other amounts receivable | 41 | €289 | €823 | +€534 | +185% |
| Cash at bank and in hand | 54/58 | €1,331,522 | €522,089 | -€809,433 | -60.8% |
| Deferred charges and accrued income | 490/1 | €11,950 | €13,712 | +€1,762 | +14.7% |
| Total equity and liabilities | 10/49 | €3,855,504 | €2,258,546 | -€1.6m | -41.4% |
| Equity | 10/15 | €551,442 | €837,381 | +€285,939 | +51.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €531,442 | €817,381 | +€285,939 | +53.8% |
| Distributable reserves | 133 | €531,442 | €817,381 | +€285,939 | +53.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €78,744 | €78,744 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €78,744 | €78,744 | = | 0.0% |
| Pensions and similar obligations | 160 | €78,744 | €78,744 | = | 0.0% |
| Amounts payable | 17/49 | €3,225,318 | €1,342,421 | -€1.9m | -58.4% |
| Amounts payable after more than one year | 17 | €141,684 | €0 | -€141,684 | -100% |
| Financial debts | 170/4 | €5,084 | €0 | -€5,084 | -100% |
| Other amounts payable | 178/9 | €136,601 | €0 | -€136,601 | -100% |
| Amounts payable within one year | 42/48 | €3,075,587 | €1,326,706 | -€1.7m | -56.9% |
| Current portion of amounts payable after more than one year | 42 | €25,387 | €5,084 | -€20,303 | -80.0% |
| Financial debts | 43 | €250,000 | €100,000 | -€150,000 | -60.0% |
| Credit institutions | 430/8 | €250,000 | €100,000 | -€150,000 | -60.0% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €1,693,953 | €767,205 | -€926,748 | -54.7% |
| Suppliers | 440/4 | €1,693,953 | €767,205 | -€926,748 | -54.7% |
| Advances received on contracts in progress | 46 | €952,099 | €283,556 | -€668,543 | -70.2% |
| Taxes, remuneration and social security | 45 | €154,148 | €170,861 | +€16,713 | +10.8% |
| Taxes | 450/3 | €80,423 | €122,046 | +€41,623 | +51.8% |
| Remuneration and social security | 454/9 | €73,725 | €48,815 | -€24,910 | -33.8% |
| Accrued charges and deferred income | 492/3 | €8,047 | €15,715 | +€7,668 | +95.3% |
| Remuneration, social security and pensions | 62 | €598,271 | €589,289 | -€8,983 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,350 | €59,009 | +€1,659 | +2.9% |
| Other operating charges | 640/8 | €75,788 | €10,310 | -€65,479 | -86.4% |
| Gross operating margin | 9900 | €912,214 | €1,146,308 | +€234,094 | +25.7% |
| Operating profit (loss) | 9901 | €180,805 | €487,701 | +€306,896 | +170% |
| Financial income | 75/76B | €816 | €2,517 | +€1,701 | +209% |
| Recurring financial income | 75 | €816 | €2,517 | +€1,701 | +209% |
| Financial charges | 65/66B | €32,118 | €16,750 | -€15,369 | -47.8% |
| Recurring financial charges | 65 | €32,118 | €16,750 | -€15,369 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | €149,502 | €473,468 | +€323,966 | +217% |
| Income taxes | 67/77 | €50,483 | €128,020 | +€77,537 | +154% |
| Profit (loss) for the period | 9904 | €99,019 | €345,449 | +€246,429 | +249% |
| Profit (loss) for the period to be appropriated | 9905 | €99,019 | €345,449 | +€246,429 | +249% |
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 15 October 2026 via checked.be.