Herbron: 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.
Herbron
Largest movements
- Cash +€147,822
up €147,822 (+126.1%), from €117,272 to €265,094
mainly Current investments (+€60,000) and Net result for the year (+€49,819)
- Current investments -€60,000
no longer reported in 2025 (was €60,000)
- Tangible fixed assets -€30,695
down €30,695 (-11.6%), from €265,409 to €234,715
of which Furniture and vehicles: -€17,223
- Reserves +€50,299
new in 2025: €50,299
- Debts after one year -€41,464
down €41,464 (-19.8%), from €208,935 to €167,471
- Other debts +€31,902
up €31,902 (+29.4%), from €108,395 to €140,297
- Advances received +€13,732
up €13,732 (+32.0%), from €42,925 to €56,657
- Staff costs -€28,873
down €28,873 (-28.0%), from €103,248 to €74,375
- Taxes +€18,219
up €18,219 (+25556.4%), from €71 to €18,290
- Gross operating margin -€7,289
down €7,289 (-3.6%), from €203,122 to €195,833
- Depreciation +€6,715
up €6,715 (+18.2%), from €36,932 to €43,647
- Other operating charges +€4,629
up €4,629 (+585.8%), from €790 to €5,420
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 | €450,695 | €510,166 | +€59,471 | +13.2% |
| Formation expenses | 20 | €519 | €276 | -€243 | -46.9% |
| Fixed assets | 21/28 | €265,793 | €234,715 | -€31,079 | -11.7% |
| Tangible fixed assets | 22/27 | €265,409 | €234,715 | -€30,695 | -11.6% |
| Land and buildings | 22 | €137,239 | €134,760 | -€2,478 | -1.8% |
| Plant, machinery and equipment | 23 | €86,609 | €75,617 | -€10,993 | -12.7% |
| Furniture and vehicles | 24 | €41,561 | €24,338 | -€17,223 | -41.4% |
| Financial fixed assets | 28 | €384 | - | -€384 | |
| Current assets | 29/58 | €184,383 | €275,176 | +€90,793 | +49.2% |
| Amounts receivable within one year | 40/41 | €4,994 | €6,485 | +€1,491 | +29.9% |
| Trade receivables | 40 | €4,994 | €6,485 | +€1,491 | +29.9% |
| Current investments | 50/53 | €60,000 | - | -€60,000 | |
| Cash at bank and in hand | 54/58 | €117,272 | €265,094 | +€147,822 | +126.1% |
| Deferred charges and accrued income | 490/1 | €2,117 | €3,596 | +€1,479 | +69.9% |
| Total equity and liabilities | 10/49 | €450,695 | €510,166 | +€59,471 | +13.2% |
| Equity | 10/15 | €10,481 | €60,299 | +€49,819 | +475.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €50,299 | +€50,299 | |
| Distributable reserves | 133 | - | €50,299 | +€50,299 | |
| Profit (loss) carried forward | 14 | €481 | - | -€481 | |
| Amounts payable | 17/49 | €440,214 | €449,867 | +€9,652 | +2.2% |
| Amounts payable after more than one year | 17 | €208,935 | €167,471 | -€41,464 | -19.8% |
| Financial debts | 170/4 | €208,935 | €167,471 | -€41,464 | -19.8% |
| Amounts payable within one year | 42/48 | €231,279 | €282,396 | +€51,117 | +22.1% |
| Current portion of amounts payable after more than one year | 42 | €42,209 | €41,464 | -€745 | -1.8% |
| Trade debts | 44 | €6,446 | €8,703 | +€2,257 | +35.0% |
| Suppliers | 440/4 | €6,446 | €8,703 | +€2,257 | +35.0% |
| Advances received on contracts in progress | 46 | €42,925 | €56,657 | +€13,732 | +32.0% |
| Taxes, remuneration and social security | 45 | €31,304 | €35,275 | +€3,970 | +12.7% |
| Taxes | 450/3 | €5,672 | €21,523 | +€15,851 | +279.5% |
| Remuneration and social security | 454/9 | €25,633 | €13,752 | -€11,880 | -46.3% |
| Other amounts payable | 47/48 | €108,395 | €140,297 | +€31,902 | +29.4% |
| Remuneration, social security and pensions | 62 | €103,248 | €74,375 | -€28,873 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,932 | €43,647 | +€6,715 | +18.2% |
| Other operating charges | 640/8 | €790 | €5,420 | +€4,629 | +585.8% |
| Gross operating margin | 9900 | €203,122 | €195,833 | -€7,289 | -3.6% |
| Operating profit (loss) | 9901 | €62,153 | €72,392 | +€10,239 | +16.5% |
| Financial income | 75/76B | €80 | €786 | +€705 | +878.5% |
| Recurring financial income | 75 | €80 | €786 | +€705 | +878.5% |
| Financial charges | 65/66B | €6,604 | €5,069 | -€1,535 | -23.2% |
| Recurring financial charges | 65 | €6,604 | €5,069 | -€1,535 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €55,630 | €68,109 | +€12,479 | +22.4% |
| Income taxes | 67/77 | €71 | €18,290 | +€18,219 | +25556.4% |
| Profit (loss) for the period | 9904 | €55,558 | €49,819 | -€5,740 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €55,558 | €49,819 | -€5,740 | -10.3% |
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 10 October 2026 via checked.be.