Hercas Beheer: 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.
Hercas Beheer
Largest movements
- Financial fixed assets +€650,160
up €650,160 (+433%), from €150,000 to €800,160
- Receivables within one year +€50,730
up €50,730 (+66.9%), from €75,815 to €126,545
of which Trade receivables: +€50,395
- Debts after one year +€612,194
new in 2025: €612,194
- Tax, wage and social debts +€26,278
up €26,278 (+179%), from €14,666 to €40,944
of which Remuneration and social security: +€21,684
- Reserves +€21,896
up €21,896 (+70.2%), from €31,189 to €53,085
- Current portion of long-term debt +€19,656
up €19,656 (+470%), from €4,182 to €23,839
- Other debts +€16,617
up €16,617 (+9.5%), from €174,936 to €191,553
- Gross operating margin +€8,016
up €8,016 (+27.0%), from €29,689 to €37,706
- Financial charges +€5,166
up €5,166 (+640%), from €808 to €5,974
- Taxes +€2,333
up €2,333 (+31.8%), from €7,333 to €9,665
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 | €231,937 | €933,363 | +€701,426 | +302% |
| Fixed assets | 21/28 | €150,000 | €800,160 | +€650,160 | +433% |
| Financial fixed assets | 28 | €150,000 | €800,160 | +€650,160 | +433% |
| Current assets | 29/58 | €81,937 | €133,203 | +€51,266 | +62.6% |
| Amounts receivable within one year | 40/41 | €75,815 | €126,545 | +€50,730 | +66.9% |
| Trade receivables | 40 | €69,495 | €119,890 | +€50,395 | +72.5% |
| Other amounts receivable | 41 | €6,320 | €6,655 | +€335 | +5.3% |
| Cash at bank and in hand | 54/58 | €6,122 | €6,658 | +€536 | +8.7% |
| Total equity and liabilities | 10/49 | €231,937 | €933,363 | +€701,426 | +302% |
| Equity | 10/15 | €34,189 | €56,085 | +€21,896 | +64.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €31,189 | €53,085 | +€21,896 | +70.2% |
| Distributable reserves | 133 | €31,189 | €53,085 | +€21,896 | +70.2% |
| Amounts payable | 17/49 | €197,749 | €877,278 | +€679,530 | +344% |
| Amounts payable after more than one year | 17 | - | €612,194 | +€612,194 | |
| Financial debts | 170/4 | - | €612,194 | +€612,194 | |
| Amounts payable within one year | 42/48 | €197,749 | €263,019 | +€65,271 | +33.0% |
| Current portion of amounts payable after more than one year | 42 | €4,182 | €23,839 | +€19,656 | +470% |
| Trade debts | 44 | €3,964 | €6,684 | +€2,720 | +68.6% |
| Suppliers | 440/4 | €3,964 | €6,684 | +€2,720 | +68.6% |
| Taxes, remuneration and social security | 45 | €14,666 | €40,944 | +€26,278 | +179% |
| Taxes | 450/3 | €12,186 | €16,780 | +€4,594 | +37.7% |
| Remuneration and social security | 454/9 | €2,480 | €24,164 | +€21,684 | +874% |
| Other amounts payable | 47/48 | €174,936 | €191,553 | +€16,617 | +9.5% |
| Accrued charges and deferred income | 492/3 | - | €2,065 | +€2,065 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €29,689 | €37,706 | +€8,016 | +27.0% |
| Operating profit (loss) | 9901 | €29,184 | €37,186 | +€8,002 | +27.4% |
| Financial income | 75/76B | €49 | €349 | +€300 | +610% |
| Recurring financial income | 75 | €49 | €349 | +€300 | +610% |
| Financial charges | 65/66B | €808 | €5,974 | +€5,166 | +640% |
| Recurring financial charges | 65 | €808 | €5,974 | +€5,166 | +640% |
| Profit (loss) for the period before taxes | 9903 | €28,426 | €31,561 | +€3,135 | +11.0% |
| Income taxes | 67/77 | €7,333 | €9,665 | +€2,333 | +31.8% |
| Profit (loss) for the period | 9904 | €21,093 | €21,896 | +€803 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,093 | €21,896 | +€803 | +3.8% |
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 22 October 2026 via checked.be.