Herckenrode: 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.
Herckenrode
Largest movements
- Cash -€102,752
down €102,752 (-75.9%), from €135,293 to €32,541
mainly Net result for the year (-€247,719) and Investment in fixed assets (net) (-€82,166)
- Tangible fixed assets -€27,451
down €27,451 (-2.9%), from €955,847 to €928,397
of which Plant, machinery and equipment: -€30,625
- Receivables within one year -€22,924
down €22,924 (-16.6%), from €137,987 to €115,063
of which Other amounts receivable: -€23,437
- Stocks and contracts -€14,636
down €14,636 (-36.6%), from €40,000 to €25,364
- Profit (loss) carried forward -€247,719
down €247,719 (-57.8%), from -€428,303 to -€676,022
- Other debts +€83,300
up €83,300 (+5.7%), from €1.5m to €1.5m
- Gross operating margin +€114,694
up €114,694 (+80.1%), from -€143,167 to -€28,473
- Staff costs +€76,623
up €76,623 (+423%), from €18,105 to €94,728
- Depreciation +€37,993
up €37,993 (+53.0%), from €71,624 to €109,617
- Financial charges +€6,127
up €6,127 (+130%), from €4,708 to €10,835
- Other operating charges +€2,065
up €2,065 (+102%), from €2,026 to €4,091
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 | €1,271,605 | €1,106,542 | -€165,064 | -13.0% |
| Fixed assets | 21/28 | €955,847 | €928,397 | -€27,451 | -2.9% |
| Tangible fixed assets | 22/27 | €955,847 | €928,397 | -€27,451 | -2.9% |
| Plant, machinery and equipment | 23 | €952,027 | €921,401 | -€30,625 | -3.2% |
| Furniture and vehicles | 24 | €3,820 | €6,995 | +€3,175 | +83.1% |
| Current assets | 29/58 | €315,758 | €178,145 | -€137,613 | -43.6% |
| Stocks and contracts in progress | 3 | €40,000 | €25,364 | -€14,636 | -36.6% |
| Stocks | 30/36 | €40,000 | €25,364 | -€14,636 | -36.6% |
| Amounts receivable within one year | 40/41 | €137,987 | €115,063 | -€22,924 | -16.6% |
| Trade receivables | 40 | - | €513 | +€513 | |
| Other amounts receivable | 41 | €137,987 | €114,550 | -€23,437 | -17.0% |
| Cash at bank and in hand | 54/58 | €135,293 | €32,541 | -€102,752 | -75.9% |
| Deferred charges and accrued income | 490/1 | €2,478 | €5,178 | +€2,699 | +109% |
| Total equity and liabilities | 10/49 | €1,271,605 | €1,106,542 | -€165,064 | -13.0% |
| Equity | 10/15 | -€409,703 | -€657,422 | -€247,719 | -60.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€428,303 | -€676,022 | -€247,719 | -57.8% |
| Amounts payable | 17/49 | €1,681,308 | €1,763,964 | +€82,656 | +4.9% |
| Amounts payable within one year | 42/48 | €1,681,308 | €1,763,964 | +€82,656 | +4.9% |
| Trade debts | 44 | €214,472 | €206,932 | -€7,541 | -3.5% |
| Suppliers | 440/4 | €214,472 | €206,932 | -€7,541 | -3.5% |
| Taxes, remuneration and social security | 45 | €7,324 | €14,221 | +€6,896 | +94.2% |
| Taxes | 450/3 | €27 | - | -€27 | |
| Remuneration and social security | 454/9 | €7,297 | €14,221 | +€6,924 | +94.9% |
| Other amounts payable | 47/48 | €1,459,511 | €1,542,811 | +€83,300 | +5.7% |
| Non-recurring operating income | 76A | - | €1,138 | +€1,138 | |
| Remuneration, social security and pensions | 62 | €18,105 | €94,728 | +€76,623 | +423% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,624 | €109,617 | +€37,993 | +53.0% |
| Other operating charges | 640/8 | €2,026 | €4,091 | +€2,065 | +102% |
| Gross operating margin | 9900 | -€143,167 | -€28,473 | +€114,694 | +80.1% |
| Operating profit (loss) | 9901 | -€234,923 | -€236,909 | -€1,986 | -0.8% |
| Financial income | 75/76B | €706 | €24 | -€682 | -96.6% |
| Recurring financial income | 75 | €706 | €24 | -€682 | -96.6% |
| Financial charges | 65/66B | €4,708 | €10,835 | +€6,127 | +130% |
| Recurring financial charges | 65 | €4,708 | €10,835 | +€6,127 | +130% |
| Profit (loss) for the period before taxes | 9903 | -€238,924 | -€247,719 | -€8,795 | -3.7% |
| Profit (loss) for the period | 9904 | -€238,924 | -€247,719 | -€8,795 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€238,924 | -€247,719 | -€8,795 | -3.7% |
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 14 October 2026 via checked.be.