HERCOL: 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.
HERCOL
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward +€1,915
up €1,915 (+1.4%), from €137,838 to €139,753
- Gross operating margin -€5,247
down €5,247 (-32.5%), from €16,134 to €10,887
- Taxes -€883
down €883 (-44.1%), from €2,000 to €1,117
- Depreciation +€616
up €616 (+35.5%), from €1,737 to €2,353
- Staff costs +€378
up €378 (+8.5%), from €4,441 to €4,820
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €165,404 | €167,381 | +€1,977 | +1.2% |
| Fixed assets | 21/28 | €9,532 | €9,436 | -€96 | -1.0% |
| Tangible fixed assets | 22/27 | €6,197 | €6,237 | +€39 | +0.6% |
| Plant, machinery and equipment | 23 | €2,810 | €1,945 | -€864 | -30.8% |
| Furniture and vehicles | 24 | €3,388 | €4,291 | +€904 | +26.7% |
| Financial fixed assets | 28 | €3,335 | €3,200 | -€135 | -4.0% |
| Current assets | 29/58 | €155,872 | €157,945 | +€2,073 | +1.3% |
| Amounts receivable within one year | 40/41 | €146,770 | €147,495 | +€726 | +0.5% |
| Trade receivables | 40 | €4,563 | €1,601 | -€2,962 | -64.9% |
| Other amounts receivable | 41 | €142,207 | €145,894 | +€3,688 | +2.6% |
| Cash at bank and in hand | 54/58 | €8,674 | €8,762 | +€88 | +1.0% |
| Deferred charges and accrued income | 490/1 | €429 | €1,688 | +€1,259 | +293.9% |
| Total equity and liabilities | 10/49 | €165,404 | €167,381 | +€1,977 | +1.2% |
| Equity | 10/15 | €158,290 | €160,204 | +€1,915 | +1.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,838 | €139,753 | +€1,915 | +1.4% |
| Amounts payable | 17/49 | €7,114 | €7,177 | +€63 | +0.9% |
| Amounts payable within one year | 42/48 | €7,114 | €7,177 | +€63 | +0.9% |
| Trade debts | 44 | €3,669 | €2,653 | -€1,016 | -27.7% |
| Suppliers | 440/4 | €3,669 | €2,653 | -€1,016 | -27.7% |
| Taxes, remuneration and social security | 45 | €3,445 | €4,524 | +€1,078 | +31.3% |
| Taxes | 450/3 | €3,412 | €4,524 | +€1,112 | +32.6% |
| Remuneration and social security | 454/9 | €33 | - | -€33 | |
| Non-recurring operating income | 76A | €9,576 | €7,586 | -€1,990 | -20.8% |
| Remuneration, social security and pensions | 62 | €4,441 | €4,820 | +€378 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,737 | €2,353 | +€616 | +35.5% |
| Other operating charges | 640/8 | €232 | €348 | +€116 | +50.2% |
| Non-recurring operating charges | 66A | €526 | €100 | -€426 | -81.0% |
| Gross operating margin | 9900 | €16,134 | €10,887 | -€5,247 | -32.5% |
| Operating profit (loss) | 9901 | €9,198 | €3,266 | -€5,932 | -64.5% |
| Financial income | 75/76B | €17 | €47 | +€31 | +183.5% |
| Recurring financial income | 75 | €17 | €47 | +€31 | +183.5% |
| Financial charges | 65/66B | €430 | €282 | -€149 | -34.6% |
| Recurring financial charges | 65 | €430 | €282 | -€149 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €8,784 | €3,032 | -€5,753 | -65.5% |
| Income taxes | 67/77 | €2,000 | €1,117 | -€883 | -44.1% |
| Profit (loss) for the period | 9904 | €6,785 | €1,915 | -€4,870 | -71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,785 | €1,915 | -€4,870 | -71.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.