HERCA: what changed
Two fiscal 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.
HERCA
Largest movements
- Receivables within one year -€64,754
down €64,754 (-39.1%), from €165,641 to €100,887
- Tangible fixed assets +€12,996
up €12,996 (+2.4%), from €532,279 to €545,275
of which Assets under construction and advance payments: +€31,035
- Profit (loss) carried forward -€24,492
down €24,492, from €6,413 to -€18,078
- Debts after one year -€20,000
down €20,000 (-33.3%), from €60,000 to €40,000
- Gross operating margin +€4,266
up €4,266 (+48.2%), from -€8,847 to -€4,581
- Financial income +€264
up €264 (+15.0%), from €1,761 to €2,025
- Other operating charges +€166
up €166 (+3.6%), from €4,549 to €4,715
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €697,924 | €646,229 | -€51,695 | -7.4% |
| Fixed assets | 21/28 | €532,279 | €545,275 | +€12,996 | +2.4% |
| Tangible fixed assets | 22/27 | €532,279 | €545,275 | +€12,996 | +2.4% |
| Land and buildings | 22 | €461,471 | €448,540 | -€12,931 | -2.8% |
| Other tangible fixed assets | 26 | €50,196 | €45,088 | -€5,108 | -10.2% |
| Assets under construction and advance payments | 27 | €20,613 | €51,648 | +€31,035 | +150.6% |
| Current assets | 29/58 | €165,645 | €100,953 | -€64,691 | -39.1% |
| Amounts receivable within one year | 40/41 | €165,641 | €100,887 | -€64,754 | -39.1% |
| Other amounts receivable | 41 | €165,641 | €100,887 | -€64,754 | -39.1% |
| Cash at bank and in hand | 54/58 | €3 | €66 | +€63 | +2098.0% |
| Total equity and liabilities | 10/49 | €697,924 | €646,229 | -€51,695 | -7.4% |
| Equity | 10/15 | €512,416 | €485,765 | -€26,651 | -5.2% |
| Contributions | 10/11 | €353,449 | €353,449 | = | 0.0% |
| Reserves | 13 | €152,554 | €150,394 | -€2,160 | -1.4% |
| Non-distributable reserves | 130/1 | €10,351 | €10,351 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,351 | €10,351 | = | 0.0% |
| Tax-exempt reserves | 132 | €139,468 | €137,308 | -€2,160 | -1.5% |
| Distributable reserves | 133 | €2,735 | €2,735 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,413 | -€18,078 | -€24,492 | |
| Provisions and deferred taxes | 16 | €61,095 | €60,375 | -€720 | -1.2% |
| Deferred taxes | 168 | €61,095 | €60,375 | -€720 | -1.2% |
| Amounts payable | 17/49 | €124,412 | €100,088 | -€24,324 | -19.6% |
| Amounts payable after more than one year | 17 | €60,000 | €40,000 | -€20,000 | -33.3% |
| Financial debts | 170/4 | €60,000 | €40,000 | -€20,000 | -33.3% |
| Amounts payable within one year | 42/48 | €64,412 | €60,088 | -€4,324 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €885 | €687 | -€198 | -22.4% |
| Suppliers | 440/4 | €885 | €687 | -€198 | -22.4% |
| Other amounts payable | 47/48 | €43,527 | €39,401 | -€4,126 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,039 | €18,039 | +€0 | 0.0% |
| Other operating charges | 640/8 | €4,549 | €4,715 | +€166 | +3.6% |
| Gross operating margin | 9900 | -€8,847 | -€4,581 | +€4,266 | +48.2% |
| Operating profit (loss) | 9901 | -€31,435 | -€27,335 | +€4,100 | +13.0% |
| Financial income | 75/76B | €1,761 | €2,025 | +€264 | +15.0% |
| Recurring financial income | 75 | €1,761 | €2,025 | +€264 | +15.0% |
| Financial charges | 65/66B | €2,075 | €2,060 | -€15 | -0.7% |
| Recurring financial charges | 65 | €2,075 | €2,060 | -€15 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | -€31,749 | -€27,371 | +€4,378 | +13.8% |
| Transfer from deferred taxes | 780 | €3,255 | €720 | -€2,535 | -77.9% |
| Profit (loss) for the period | 9904 | -€28,494 | -€26,651 | +€1,843 | +6.5% |
| Transfer from tax-exempt reserves | 789 | €7,083 | €2,160 | -€4,923 | -69.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,412 | -€24,492 | -€3,080 | -14.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.