HERCOMA: 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.
What changed
HERCOMA
NACE 96.210, Hairdressing and barber services
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€38,800
2024 · €58,033-€19,233
Equity
€201,831
2024 · €163,031+€38,800
Cash
€32,718
2024 · €44,305-€11,588
Balance sheet total
€540,779
2024 · €554,049-€13,270
Largest movements
Assets
- Cash -€11,588
down €11,588 (-26.2%), from €44,305 to €32,718
mainly Investment in fixed assets (net) (-€41,351) and Debts after one year (-€27,570)
Equity and liabilities
- Reserves +€38,000
up €38,000 (+24.5%), from €154,900 to €192,900
- Debts after one year -€27,570
down €27,570 (-9.9%), from €277,339 to €249,769
- Other debts -€17,622
down €17,622 (-75.4%), from €23,359 to €5,737
- Trade debts -€8,739
down €8,739 (-39.2%), from €22,270 to €13,531
Income statement
- Gross operating margin -€16,683
down €16,683 (-13.0%), from €128,369 to €111,686
- Depreciation +€1,480
up €1,480 (+3.5%), from €41,869 to €43,349
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.
Result 2024
€58,033
Gross operating margin
-€16,683
Staff costs
-€484
Depreciation
-€1,480
Other operating charges
-€1,210
Financial income
+€113
Financial charges
-€156
Taxes
+€666
Result 2025
€38,800
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.
From operations
+€57,842
Investment
-€41,351
Financing
-€28,078
Cash 2024
€44,305
From operations (derived)
+€57,842
Net result for the year
+€38,800
Depreciation
+€43,349
Stocks and contracts
+€1,909
Receivables within one year
+€2,243
Deferred charges and accrued income
-€4,467
Trade debts
-€8,739
Tax, wage and social debts
+€2,269
Other debts
-€17,622
Accrued charges and deferred income
+€99
Investment (derived)
-€41,351
Investment in fixed assets (net)
-€41,351
Financing
-€28,078
Debts after one year
-€27,570
Current portion of long-term debt
-€1,507
Short-term financial debts
+€999
Cash 2025
€32,718
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €554,049 | €540,779 | -€13,270 | -2.4% |
| Fixed assets | 21/28 | €486,332 | €484,334 | -€1,997 | -0.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €486,332 | €484,334 | -€1,997 | -0.4% |
| Land and buildings | 22 | €383,675 | €364,096 | -€19,578 | -5.1% |
| Plant, machinery and equipment | 23 | €29,241 | €59,088 | +€29,846 | +102.1% |
| Furniture and vehicles | 24 | €58,290 | €46,025 | -€12,265 | -21.0% |
| Other tangible fixed assets | 26 | €15,125 | €15,125 | = | 0.0% |
| Current assets | 29/58 | €67,717 | €56,444 | -€11,273 | -16.6% |
| Stocks and contracts in progress | 3 | €12,567 | €10,658 | -€1,909 | -15.2% |
| Stocks | 30/36 | €12,567 | €10,658 | -€1,909 | -15.2% |
| Amounts receivable within one year | 40/41 | €9,394 | €7,151 | -€2,243 | -23.9% |
| Trade receivables | 40 | €8,571 | €6,667 | -€1,904 | -22.2% |
| Other amounts receivable | 41 | €822 | €484 | -€338 | -41.2% |
| Cash at bank and in hand | 54/58 | €44,305 | €32,718 | -€11,588 | -26.2% |
| Deferred charges and accrued income | 490/1 | €1,451 | €5,918 | +€4,467 | +307.8% |
| Total equity and liabilities | 10/49 | €554,049 | €540,779 | -€13,270 | -2.4% |
| Equity | 10/15 | €163,031 | €201,831 | +€38,800 | +23.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €154,900 | €192,900 | +€38,000 | +24.5% |
| Distributable reserves | 133 | €154,900 | €192,900 | +€38,000 | +24.5% |
| Profit (loss) carried forward | 14 | €71 | €871 | +€800 | +1134.9% |
| Amounts payable | 17/49 | €391,018 | €338,948 | -€52,070 | -13.3% |
| Amounts payable after more than one year | 17 | €277,339 | €249,769 | -€27,570 | -9.9% |
| Financial debts | 170/4 | €277,339 | €249,769 | -€27,570 | -9.9% |
| Amounts payable within one year | 42/48 | €113,212 | €88,612 | -€24,600 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €54,615 | €53,108 | -€1,507 | -2.8% |
| Financial debts | 43 | €2,709 | €3,708 | +€999 | +36.9% |
| Credit institutions | 430/8 | €2,709 | €3,708 | +€999 | +36.9% |
| Trade debts | 44 | €22,270 | €13,531 | -€8,739 | -39.2% |
| Suppliers | 440/4 | €22,270 | €13,531 | -€8,739 | -39.2% |
| Taxes, remuneration and social security | 45 | €10,260 | €12,528 | +€2,269 | +22.1% |
| Taxes | 450/3 | €10,260 | €12,516 | +€2,256 | +22.0% |
| Remuneration and social security | 454/9 | - | €12 | +€12 | |
| Other amounts payable | 47/48 | €23,359 | €5,737 | -€17,622 | -75.4% |
| Accrued charges and deferred income | 492/3 | €467 | €567 | +€99 | +21.3% |
| Remuneration, social security and pensions | 62 | - | €484 | +€484 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,869 | €43,349 | +€1,480 | +3.5% |
| Other operating charges | 640/8 | €5,035 | €6,245 | +€1,210 | +24.0% |
| Gross operating margin | 9900 | €128,369 | €111,686 | -€16,683 | -13.0% |
| Operating profit (loss) | 9901 | €81,465 | €61,609 | -€19,856 | -24.4% |
| Financial income | 75/76B | €617 | €731 | +€113 | +18.4% |
| Recurring financial income | 75 | €617 | €731 | +€113 | +18.4% |
| Financial charges | 65/66B | €4,633 | €4,789 | +€156 | +3.4% |
| Recurring financial charges | 65 | €4,633 | €4,789 | +€156 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €77,449 | €57,550 | -€19,899 | -25.7% |
| Income taxes | 67/77 | €19,416 | €18,750 | -€666 | -3.4% |
| Profit (loss) for the period | 9904 | €58,033 | €38,800 | -€19,233 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €58,033 | €38,800 | -€19,233 | -33.1% |
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 10 October 2026 via checked.be.