HERCORUB: 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
HERCORUB
NACE 22.120, Manufacture of rubber and plastic products
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€401,652
2023 · €253,542+€148,110
Equity
€6.2m
2023 · €6.0m+€201,652
Cash
€567,378
2023 · €219,553+€347,825
Balance sheet total
€9.2m
2023 · €9.2m-€5,754
Largest movements
Assets
- Tangible fixed assets -€397,346
down €397,346 (-19.5%), from €2.0m to €1.6m
- Cash +€347,825
up €347,825 (+158%), from €219,553 to €567,378
mainly Depreciation (+€636,729) and Net result for the year (+€401,652)
- Receivables after one year +€247,901
up €247,901 (+43.8%), from €566,518 to €814,419
- Stocks and contracts -€243,382
down €243,382 (-8.4%), from €2.9m to €2.7m
Equity and liabilities
- Trade debts -€407,025
down €407,025 (-24.1%), from €1.7m to €1.3m
- Profit (loss) carried forward +€201,652
up €201,652 (+20.5%), from €984,213 to €1.2m
- Other debts +€199,735
up €199,735 (+86.6%), from €230,721 to €430,456
- Short-term financial debts -€125,000
down €125,000 (-50.0%), from €250,000 to €125,000
- Advances received +€99,000
new in 2024: €99,000
Income statement
- Turnover -€824,472
down €824,472 (-5.4%), from €15.2m to €14.4m
- Goods and materials -€824,159
down €824,159 (-10.2%), from €8.0m to €7.2m
of which Purchases: -€748,207
- Services and other goods -€579,283
down €579,283 (-19.9%), from €2.9m to €2.3m
- Staff costs -€226,826
down €226,826 (-6.0%), from €3.8m to €3.6m
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.
Result 2023
€253,542
Turnover
-€824,472
Other operating income
-€113,693
Goods and materials
+€824,159
Services and other goods
+€579,283
Staff costs
+€226,826
Depreciation
+€24,988
Write-downs
-€32,522
Provisions
-€32,253
Other operating charges
-€642
Other operating items
-€473,334
Financial income
+€6,248
Financial charges
+€9,200
Taxes
-€45,679
Result 2024
€401,652
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€976,349
Investment
-€206,871
Financing
-€421,652
Cash 2023
€219,553
From operations (derived)
+€976,349
Net result for the year
+€401,652
Depreciation
+€636,729
Receivables after one year
-€247,901
Stocks and contracts
+€243,382
Receivables within one year
-€7,986
Deferred charges and accrued income
-€63,773
Provisions
+€32,253
Trade debts
-€407,025
Tax, wage and social debts
+€79,314
Advances received
+€99,000
Other debts
+€199,735
Accrued charges and deferred income
+€10,970
Investment (derived)
-€206,871
Investment in fixed assets (net)
-€206,871
Financing
-€421,652
Debts after one year
-€97,797
Current portion of long-term debt
+€1,144
Short-term financial debts
-€125,000
Contributions, distributions and other
-€200,000
Cash 2024
€567,378
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,212,664 | €9,206,910 | -€5,754 | -0.1% |
| Fixed assets | 21/28 | €2,100,308 | €1,670,451 | -€429,857 | -20.5% |
| Intangible fixed assets | 21 | €60,094 | €27,584 | -€32,511 | -54.1% |
| Tangible fixed assets | 22/27 | €2,039,629 | €1,642,282 | -€397,346 | -19.5% |
| Land and buildings | 22 | €600,844 | €528,945 | -€71,899 | -12.0% |
| Plant, machinery and equipment | 23 | €891,689 | €742,003 | -€149,686 | -16.8% |
| Furniture and vehicles | 24 | €126,038 | €86,082 | -€39,956 | -31.7% |
| Leasing and similar rights | 25 | €262,986 | €166,698 | -€96,287 | -36.6% |
| Other tangible fixed assets | 26 | €158,072 | €118,554 | -€39,518 | -25.0% |
| Financial fixed assets | 28 | €585 | €585 | = | 0.0% |
| Other financial fixed assets | 284/8 | €585 | €585 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €585 | €585 | = | 0.0% |
| Current assets | 29/58 | €7,112,355 | €7,536,459 | +€424,104 | +6.0% |
| Amounts receivable after more than one year | 29 | €566,518 | €814,419 | +€247,901 | +43.8% |
| Other amounts receivable | 291 | €566,518 | €814,419 | +€247,901 | +43.8% |
| Stocks and contracts in progress | 3 | €2,902,864 | €2,659,482 | -€243,382 | -8.4% |
| Stocks | 30/36 | €2,902,864 | €2,659,482 | -€243,382 | -8.4% |
| Raw materials and consumables | 30/31 | €1,229,747 | €1,182,943 | -€46,804 | -3.8% |
| Work in progress | 32 | €445,307 | €573,093 | +€127,786 | +28.7% |
| Finished goods | 33 | €1,227,810 | €903,446 | -€324,364 | -26.4% |
| Amounts receivable within one year | 40/41 | €3,407,840 | €3,415,826 | +€7,986 | +0.2% |
| Trade receivables | 40 | €3,328,106 | €3,388,565 | +€60,459 | +1.8% |
| Other amounts receivable | 41 | €79,734 | €27,262 | -€52,473 | -65.8% |
| Cash at bank and in hand | 54/58 | €219,553 | €567,378 | +€347,825 | +158% |
| Deferred charges and accrued income | 490/1 | €15,580 | €79,353 | +€63,773 | +409% |
| Total equity and liabilities | 10/49 | €9,212,664 | €9,206,910 | -€5,754 | -0.1% |
| Equity | 10/15 | €6,028,450 | €6,230,102 | +€201,652 | +3.3% |
| Contributions | 10/11 | €682,000 | €682,000 | = | 0.0% |
| Capital | 10 | €682,000 | €682,000 | = | 0.0% |
| Issued capital | 100 | €682,000 | €682,000 | = | 0.0% |
| Reserves | 13 | €4,362,237 | €4,362,237 | = | 0.0% |
| Non-distributable reserves | 130/1 | €92,260 | €92,260 | = | 0.0% |
| Legal reserve | 130 | €68,200 | €68,200 | = | 0.0% |
| Other | 1319 | €24,060 | €24,060 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,933 | €7,933 | = | 0.0% |
| Distributable reserves | 133 | €4,262,045 | €4,262,045 | = | 0.0% |
| Profit (loss) carried forward | 14 | €984,213 | €1,185,864 | +€201,652 | +20.5% |
| Provisions and deferred taxes | 16 | - | €32,253 | +€32,253 | |
| Provisions for liabilities and charges | 160/5 | - | €32,253 | +€32,253 | |
| Other liabilities and charges | 164/5 | - | €32,253 | +€32,253 | |
| Amounts payable | 17/49 | €3,184,214 | €2,944,556 | -€239,658 | -7.5% |
| Amounts payable after more than one year | 17 | €168,500 | €70,703 | -€97,797 | -58.0% |
| Financial debts | 170/4 | €168,500 | €70,703 | -€97,797 | -58.0% |
| Leasing and similar obligations | 172 | €168,500 | €70,703 | -€97,797 | -58.0% |
| Amounts payable within one year | 42/48 | €3,014,551 | €2,861,719 | -€152,832 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €96,652 | €97,797 | +€1,144 | +1.2% |
| Financial debts | 43 | €250,000 | €125,000 | -€125,000 | -50.0% |
| Credit institutions | 430/8 | €250,000 | €125,000 | -€125,000 | -50.0% |
| Trade debts | 44 | €1,685,684 | €1,278,658 | -€407,025 | -24.1% |
| Suppliers | 440/4 | €1,685,684 | €1,278,658 | -€407,025 | -24.1% |
| Advances received on contracts in progress | 46 | - | €99,000 | +€99,000 | |
| Taxes, remuneration and social security | 45 | €751,494 | €830,808 | +€79,314 | +10.6% |
| Taxes | 450/3 | €206,977 | €281,752 | +€74,775 | +36.1% |
| Remuneration and social security | 454/9 | €544,517 | €549,056 | +€4,539 | +0.8% |
| Other amounts payable | 47/48 | €230,721 | €430,456 | +€199,735 | +86.6% |
| Accrued charges and deferred income | 492/3 | €1,163 | €12,133 | +€10,970 | +943% |
| Operating income | 70/76A | €15,908,284 | €14,473,590 | -€1.4m | -9.0% |
| Turnover | 70 | €15,240,806 | €14,416,334 | -€824,472 | -5.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €297,623 | -€196,578 | -€494,201 | |
| Other operating income | 74 | €367,527 | €253,834 | -€113,693 | -30.9% |
| Non-recurring operating income | 76A | €2,329 | - | -€2,329 | |
| Operating charges | 60/66A | €15,499,942 | €13,886,907 | -€1.6m | -10.4% |
| Goods for resale, raw materials and consumables | 60 | €8,043,619 | €7,219,460 | -€824,159 | -10.2% |
| Purchases | 600/8 | €7,920,863 | €7,172,656 | -€748,207 | -9.4% |
| Change in stocks: decrease (increase) | 609 | €122,755 | €46,804 | -€75,951 | -61.9% |
| Services and other goods | 61 | €2,909,057 | €2,329,774 | -€579,283 | -19.9% |
| Remuneration, social security and pensions | 62 | €3,786,565 | €3,559,738 | -€226,826 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €661,717 | €636,729 | -€24,988 | -3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €32,522 | +€32,522 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €32,253 | +€32,253 | |
| Other operating charges | 640/8 | €75,789 | €76,432 | +€642 | +0.8% |
| Non-recurring operating charges | 66A | €23,196 | - | -€23,196 | |
| Operating profit (loss) | 9901 | €408,342 | €586,683 | +€178,340 | +43.7% |
| Financial income | 75/76B | €2,858 | €9,106 | +€6,248 | +219% |
| Recurring financial income | 75 | €2,858 | €9,106 | +€6,248 | +219% |
| Income from current assets | 751 | €2,234 | €2,813 | +€578 | +25.9% |
| Other financial income | 752/9 | €624 | €6,293 | +€5,670 | +909% |
| Financial charges | 65/66B | €39,732 | €30,532 | -€9,200 | -23.2% |
| Recurring financial charges | 65 | €39,732 | €30,532 | -€9,200 | -23.2% |
| Debt charges | 650 | €26,014 | €21,112 | -€4,902 | -18.8% |
| Other financial charges | 652/9 | €13,718 | €9,420 | -€4,298 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €371,468 | €565,257 | +€193,789 | +52.2% |
| Income taxes | 67/77 | €117,926 | €163,605 | +€45,679 | +38.7% |
| Taxes | 670/3 | €118,360 | €169,000 | +€50,640 | +42.8% |
| Tax adjustments and reversals of tax provisions | 77 | €434 | €5,395 | +€4,961 | +1,143% |
| Profit (loss) for the period | 9904 | €253,542 | €401,652 | +€148,110 | +58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €253,542 | €401,652 | +€148,110 | +58.4% |
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 15 October 2026 via checked.be.