HERBOTS REIZEN: 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 REIZEN
Largest movements
- Cash -€332,392
down €332,392 (-54.1%), from €614,559 to €282,167
mainly Receivables after one year (-€211,700) and Investment in fixed assets (net) (-€89,056)
- Receivables after one year +€211,700
new in 2025: €211,700
- Receivables within one year +€43,383
up €43,383 (+11.8%), from €366,852 to €410,235
of which Trade receivables: +€30,754
- Current investments +€30,000
up €30,000 (+400.0%), from €7,500 to €37,500
- Accrued charges and deferred income -€59,491
down €59,491 (-61.1%), from €97,331 to €37,839
- Reserves +€26,291
up €26,291 (+19.1%), from €137,554 to €163,845
of which Distributable reserves: +€26,291
- Tax, wage and social debts +€25,241
up €25,241 (+115.1%), from €21,939 to €47,179
of which Remuneration and social security: +€20,029
- Staff costs +€127,602
up €127,602 (+55.8%), from €228,823 to €356,425
- Taxes -€27,042
down €27,042 (-67.0%), from €40,363 to €13,321
- Gross operating margin +€24,864
up €24,864 (+5.3%), from €470,972 to €495,836
- Depreciation +€16,678
up €16,678 (+31.1%), from €53,628 to €70,306
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 | €2,054,123 | €2,023,580 | -€30,543 | -1.5% |
| Fixed assets | 21/28 | €262,079 | €280,829 | +€18,750 | +7.2% |
| Tangible fixed assets | 22/27 | €242,079 | €260,829 | +€18,750 | +7.7% |
| Land and buildings | 22 | €30,931 | €46,432 | +€15,501 | +50.1% |
| Plant, machinery and equipment | 23 | €40,453 | €39,321 | -€1,132 | -2.8% |
| Furniture and vehicles | 24 | €123,949 | €91,920 | -€32,029 | -25.8% |
| Leasing and similar rights | 25 | - | €40,684 | +€40,684 | |
| Other tangible fixed assets | 26 | €46,747 | €42,473 | -€4,274 | -9.1% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €1,792,044 | €1,742,751 | -€49,293 | -2.8% |
| Amounts receivable after more than one year | 29 | - | €211,700 | +€211,700 | |
| Other amounts receivable | 291 | - | €211,700 | +€211,700 | |
| Amounts receivable within one year | 40/41 | €366,852 | €410,235 | +€43,383 | +11.8% |
| Trade receivables | 40 | €320,186 | €350,940 | +€30,754 | +9.6% |
| Other amounts receivable | 41 | €46,667 | €59,295 | +€12,629 | +27.1% |
| Current investments | 50/53 | €7,500 | €37,500 | +€30,000 | +400.0% |
| Cash at bank and in hand | 54/58 | €614,559 | €282,167 | -€332,392 | -54.1% |
| Deferred charges and accrued income | 490/1 | €803,133 | €801,150 | -€1,983 | -0.2% |
| Total equity and liabilities | 10/49 | €2,054,123 | €2,023,580 | -€30,543 | -1.5% |
| Equity | 10/15 | €288,462 | €314,752 | +€26,291 | +9.1% |
| Contributions | 10/11 | €53,400 | €53,400 | = | 0.0% |
| Reserves | 13 | €137,554 | €163,845 | +€26,291 | +19.1% |
| Non-distributable reserves | 130/1 | €5,340 | €5,340 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,340 | €5,340 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,754 | €9,754 | = | 0.0% |
| Distributable reserves | 133 | €122,461 | €148,751 | +€26,291 | +21.5% |
| Profit (loss) carried forward | 14 | €97,508 | €97,508 | = | 0.0% |
| Amounts payable | 17/49 | €1,765,662 | €1,708,828 | -€56,834 | -3.2% |
| Amounts payable after more than one year | 17 | €72,284 | €65,202 | -€7,082 | -9.8% |
| Financial debts | 170/4 | €72,284 | €65,202 | -€7,082 | -9.8% |
| Amounts payable within one year | 42/48 | €1,596,047 | €1,605,787 | +€9,740 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €33,638 | €50,304 | +€16,666 | +49.5% |
| Trade debts | 44 | €1,472,305 | €1,456,826 | -€15,479 | -1.1% |
| Suppliers | 440/4 | €1,472,305 | €1,456,826 | -€15,479 | -1.1% |
| Advances received on contracts in progress | 46 | €62,489 | €51,297 | -€11,193 | -17.9% |
| Taxes, remuneration and social security | 45 | €21,939 | €47,179 | +€25,241 | +115.1% |
| Taxes | 450/3 | €6,356 | €11,568 | +€5,212 | +82.0% |
| Remuneration and social security | 454/9 | €15,583 | €35,612 | +€20,029 | +128.5% |
| Other amounts payable | 47/48 | €5,677 | €180 | -€5,496 | -96.8% |
| Accrued charges and deferred income | 492/3 | €97,331 | €37,839 | -€59,491 | -61.1% |
| Non-recurring operating income | 76A | €3,600 | €0 | -€3,600 | -100.0% |
| Remuneration, social security and pensions | 62 | €228,823 | €356,425 | +€127,602 | +55.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,628 | €70,306 | +€16,678 | +31.1% |
| Other operating charges | 640/8 | €2,417 | €4,167 | +€1,750 | +72.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €470,972 | €495,836 | +€24,864 | +5.3% |
| Operating profit (loss) | 9901 | €186,104 | €64,938 | -€121,166 | -65.1% |
| Financial income | 75/76B | €3,505 | €3,173 | -€332 | -9.5% |
| Recurring financial income | 75 | €3,505 | €3,173 | -€332 | -9.5% |
| Financial charges | 65/66B | €26,786 | €26,500 | -€286 | -1.1% |
| Recurring financial charges | 65 | €26,786 | €26,500 | -€286 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €162,823 | €41,611 | -€121,212 | -74.4% |
| Income taxes | 67/77 | €40,363 | €13,321 | -€27,042 | -67.0% |
| Profit (loss) for the period | 9904 | €122,461 | €28,291 | -€94,170 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €122,461 | €28,291 | -€94,170 | -76.9% |
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 10 October 2026 via checked.be.