HERCO - HOLDING: 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.
HERCO - HOLDING
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+90.0%), from €1.4m to €2.6m
- Cash -€1.0m
down €1.0m (-42.0%), from €2.5m to €1.4m
mainly Receivables within one year (-€1.2m) and Current investments (-€673,075)
- Current investments +€673,075
up €673,075 (+70.4%), from €956,668 to €1.6m
- Reserves +€858,118
up €858,118 (+7.3%), from €11.8m to €12.7m
of which Distributable reserves: +€858,118
- Financial income +€122,029
up €122,029 (+15.9%), from €767,219 to €889,248
- Taxes +€15,576
up €15,576 (+283%), from €5,506 to €21,082
- Financial charges +€5,567
up €5,567 (+500%), from €1,113 to €6,680
- Gross operating margin +€1,248
up €1,248 (+39.0%), from -€3,202 to -€1,954
- Other operating charges +€392
up €392 (+38.4%), from €1,022 to €1,415
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.
Derived cash bridge
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 | €12,006,659 | €12,864,777 | +€858,118 | +7.1% |
| Fixed assets | 21/28 | €6,281,416 | €6,281,416 | = | 0.0% |
| Financial fixed assets | 28 | €6,281,416 | €6,281,416 | = | 0.0% |
| Current assets | 29/58 | €5,725,243 | €6,583,361 | +€858,118 | +15.0% |
| Amounts receivable within one year | 40/41 | €1,355,700 | €2,575,700 | +€1.2m | +90.0% |
| Other amounts receivable | 41 | €1,355,700 | €2,575,700 | +€1.2m | +90.0% |
| Current investments | 50/53 | €956,668 | €1,629,743 | +€673,075 | +70.4% |
| Cash at bank and in hand | 54/58 | €2,457,305 | €1,426,443 | -€1.0m | -42.0% |
| Deferred charges and accrued income | 490/1 | €955,570 | €951,475 | -€4,095 | -0.4% |
| Total equity and liabilities | 10/49 | €12,006,659 | €12,864,777 | +€858,118 | +7.1% |
| Equity | 10/15 | €11,992,441 | €12,850,559 | +€858,118 | +7.2% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Capital | 10 | €175,000 | €175,000 | = | 0.0% |
| Issued capital | 100 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €11,817,441 | €12,675,559 | +€858,118 | +7.3% |
| Non-distributable reserves | 130/1 | €17,500 | €17,500 | = | 0.0% |
| Legal reserve | 130 | €17,500 | €17,500 | = | 0.0% |
| Distributable reserves | 133 | €11,799,941 | €12,658,059 | +€858,118 | +7.3% |
| Amounts payable | 17/49 | €14,218 | €14,218 | = | 0.0% |
| Amounts payable within one year | 42/48 | €14,218 | €14,218 | = | 0.0% |
| Other amounts payable | 47/48 | €14,218 | €14,218 | = | 0.0% |
| Other operating charges | 640/8 | €1,022 | €1,415 | +€392 | +38.4% |
| Gross operating margin | 9900 | -€3,202 | -€1,954 | +€1,248 | +39.0% |
| Operating profit (loss) | 9901 | -€4,224 | -€3,369 | +€855 | +20.2% |
| Financial income | 75/76B | €767,219 | €889,248 | +€122,029 | +15.9% |
| Recurring financial income | 75 | €767,219 | €889,248 | +€122,029 | +15.9% |
| Financial charges | 65/66B | €1,113 | €6,680 | +€5,567 | +500% |
| Recurring financial charges | 65 | €1,113 | €6,680 | +€5,567 | +500% |
| Profit (loss) for the period before taxes | 9903 | €761,883 | €879,200 | +€117,317 | +15.4% |
| Income taxes | 67/77 | €5,506 | €21,082 | +€15,576 | +283% |
| Profit (loss) for the period | 9904 | €756,377 | €858,118 | +€101,741 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €756,377 | €858,118 | +€101,741 | +13.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.