HERCKENRODE CONSTRUCT: 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.
HERCKENRODE CONSTRUCT
Largest movements
- Cash -€279,644
down €279,644 (-50.2%), from €557,180 to €277,536
mainly Deferred charges and accrued income (-€171,339) and Other debts (-€154,120)
- Deferred charges and accrued income +€171,339
new in 2025: €171,339
- Stocks and contracts +€124,269
up €124,269 (+6.5%), from €1.9m to €2.0m
- Accrued charges and deferred income +€246,793
up €246,793 (+150.9%), from €163,564 to €410,357
- Other debts -€154,120
down €154,120 (-6.7%), from €2.3m to €2.2m
- Profit (loss) carried forward -€90,427
down €90,427 (-9266.9%), from -€976 to -€91,403
- Gross operating margin -€96,552
down €96,552, from €10,658 to -€85,895
- Financial charges -€1,691
down €1,691 (-90.9%), from €1,861 to €170
- Other operating charges +€1,136
up €1,136 (+34.9%), from €3,254 to €4,390
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 | €2,554,913 | €2,573,284 | +€18,370 | +0.7% |
| Current assets | 29/58 | €2,554,913 | €2,573,284 | +€18,370 | +0.7% |
| Stocks and contracts in progress | 3 | €1,901,797 | €2,026,066 | +€124,269 | +6.5% |
| Stocks | 30/36 | €1,901,797 | €2,026,066 | +€124,269 | +6.5% |
| Amounts receivable within one year | 40/41 | €95,937 | €98,343 | +€2,406 | +2.5% |
| Trade receivables | 40 | €95,937 | €69,672 | -€26,265 | -27.4% |
| Other amounts receivable | 41 | - | €28,671 | +€28,671 | |
| Cash at bank and in hand | 54/58 | €557,180 | €277,536 | -€279,644 | -50.2% |
| Deferred charges and accrued income | 490/1 | - | €171,339 | +€171,339 | |
| Total equity and liabilities | 10/49 | €2,554,913 | €2,573,284 | +€18,370 | +0.7% |
| Equity | 10/15 | €64,559 | -€25,868 | -€90,427 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,534 | €3,534 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,534 | €3,534 | = | 0.0% |
| Legal reserve | 130 | €3,534 | €3,534 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€976 | -€91,403 | -€90,427 | -9266.9% |
| Amounts payable | 17/49 | €2,490,355 | €2,599,152 | +€108,797 | +4.4% |
| Amounts payable within one year | 42/48 | €2,326,791 | €2,188,795 | -€137,996 | -5.9% |
| Trade debts | 44 | €13,231 | €29,354 | +€16,124 | +121.9% |
| Suppliers | 440/4 | €13,231 | €29,354 | +€16,124 | +121.9% |
| Other amounts payable | 47/48 | €2,313,561 | €2,159,441 | -€154,120 | -6.7% |
| Accrued charges and deferred income | 492/3 | €163,564 | €410,357 | +€246,793 | +150.9% |
| Other operating charges | 640/8 | €3,254 | €4,390 | +€1,136 | +34.9% |
| Gross operating margin | 9900 | €10,658 | -€85,895 | -€96,552 | |
| Operating profit (loss) | 9901 | €7,404 | -€90,285 | -€97,689 | |
| Financial income | 75/76B | €0 | €28 | +€28 | +15605.6% |
| Recurring financial income | 75 | €0 | €28 | +€28 | +15605.6% |
| Financial charges | 65/66B | €1,861 | €170 | -€1,691 | -90.9% |
| Recurring financial charges | 65 | €1,861 | €170 | -€1,691 | -90.9% |
| Profit (loss) for the period before taxes | 9903 | €5,543 | -€90,427 | -€95,970 | |
| Profit (loss) for the period | 9904 | €5,543 | -€90,427 | -€95,970 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,543 | -€90,427 | -€95,970 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.