HERBRANT PARTNERS: what changed
HERBRANT PARTNERS
Largest movements
- Cash +€169,894
new in 2025: €169,894
mainly Current investments (+€143,166) and Investment in fixed assets (net) (+€30,531)
- Current investments -€143,166
no longer reported in 2025 (was €143,166)
- Tangible fixed assets -€48,029
down €48,029 (-32.4%), from €148,430 to €100,401
of which Furniture and vehicles: -€30,540
- Reserves -€18,053
down €18,053 (-5.2%), from €347,674 to €329,621
of which Distributable reserves: -€18,053
- Other debts -€12,000
down €12,000 (-33.3%), from €36,017 to €24,017
- Tax, wage and social debts +€11,689
up €11,689 (+73.5%), from €15,894 to €27,584
of which Taxes: +€7,166
- Trade debts -€8,998
down €8,998 (-12.7%), from €70,620 to €61,623
- Gross operating margin -€22,197
down €22,197 (-23.1%), from €96,014 to €73,817
- Other operating charges -€4,225
down €4,225 (-54.1%), from €7,804 to €3,579
- Staff costs +€3,890
up €3,890 (+6.2%), from €63,137 to €67,027
- Financial charges -€3,545
down €3,545 (-55.7%), from €6,366 to €2,821
- Taxes -€1,749
down €1,749 (-82.6%), from €2,117 to €368
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €496,437 | €470,576 | -€25,861 | -5.2% |
| Fixed assets | 21/28 | €148,542 | €100,513 | -€48,029 | -32.3% |
| Tangible fixed assets | 22/27 | €148,430 | €100,401 | -€48,029 | -32.4% |
| Land and buildings | 22 | €108,886 | €93,373 | -€15,513 | -14.2% |
| Plant, machinery and equipment | 23 | €9,005 | €7,028 | -€1,977 | -22.0% |
| Furniture and vehicles | 24 | €30,540 | - | -€30,540 | |
| Financial fixed assets | 28 | €112 | €112 | = | 0.0% |
| Current assets | 29/58 | €347,895 | €370,063 | +€22,168 | +6.4% |
| Amounts receivable within one year | 40/41 | €204,729 | €200,170 | -€4,560 | -2.2% |
| Trade receivables | 40 | €87,904 | €96,893 | +€8,989 | +10.2% |
| Other amounts receivable | 41 | €116,825 | €103,277 | -€13,549 | -11.6% |
| Current investments | 50/53 | €143,166 | - | -€143,166 | |
| Cash at bank and in hand | 54/58 | - | €169,894 | +€169,894 | |
| Total equity and liabilities | 10/49 | €496,437 | €470,576 | -€25,861 | -5.2% |
| Equity | 10/15 | €367,224 | €348,213 | -€19,011 | -5.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €347,674 | €329,621 | -€18,053 | -5.2% |
| Non-distributable reserves | 130/1 | €18,059 | €18,059 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,059 | €18,059 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,115 | €7,115 | = | 0.0% |
| Distributable reserves | 133 | €322,500 | €304,447 | -€18,053 | -5.6% |
| Profit (loss) carried forward | 14 | €958 | - | -€958 | |
| Amounts payable | 17/49 | €129,213 | €122,363 | -€6,850 | -5.3% |
| Amounts payable within one year | 42/48 | €123,482 | €114,613 | -€8,869 | -7.2% |
| Trade debts | 44 | €70,620 | €61,623 | -€8,998 | -12.7% |
| Suppliers | 440/4 | €70,620 | €61,623 | -€8,998 | -12.7% |
| Advances received on contracts in progress | 46 | €950 | €1,389 | +€439 | +46.2% |
| Taxes, remuneration and social security | 45 | €15,894 | €27,584 | +€11,689 | +73.5% |
| Taxes | 450/3 | €7,242 | €14,408 | +€7,166 | +98.9% |
| Remuneration and social security | 454/9 | €8,652 | €13,176 | +€4,524 | +52.3% |
| Other amounts payable | 47/48 | €36,017 | €24,017 | -€12,000 | -33.3% |
| Accrued charges and deferred income | 492/3 | €5,731 | €7,750 | +€2,019 | +35.2% |
| Remuneration, social security and pensions | 62 | €63,137 | €67,027 | +€3,890 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,520 | €17,498 | -€1,022 | -5.5% |
| Other operating charges | 640/8 | €7,804 | €3,579 | -€4,225 | -54.1% |
| Non-recurring operating charges | 66A | - | €1,572 | +€1,572 | |
| Gross operating margin | 9900 | €96,014 | €73,817 | -€22,197 | -23.1% |
| Operating profit (loss) | 9901 | €6,552 | -€15,859 | -€22,411 | |
| Financial income | 75/76B | €1 | €36 | +€36 | +7,178% |
| Recurring financial income | 75 | €1 | €36 | +€36 | +7,178% |
| Financial charges | 65/66B | €6,366 | €2,821 | -€3,545 | -55.7% |
| Recurring financial charges | 65 | €6,366 | €2,821 | -€3,545 | -55.7% |
| Profit (loss) for the period before taxes | 9903 | €186 | -€18,643 | -€18,829 | |
| Income taxes | 67/77 | €2,117 | €368 | -€1,749 | -82.6% |
| Profit (loss) for the period | 9904 | -€1,931 | -€19,011 | -€17,080 | -885% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,931 | -€19,011 | -€17,080 | -885% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.