HERCOT-LAMBERT: what changed
HERCOT-LAMBERT
Largest movements
- Receivables within one year -€4,713
down €4,713 (-80.3%), from €5,866 to €1,153
of which Trade receivables: -€4,907
- Cash -€1,077
down €1,077 (-99.8%), from €1,080 to €3
mainly Net result for the year (-€9,901) and Other debts (-€9,270)
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Profit (loss) carried forward -€9,901
down €9,901 (-17.5%), from -€56,565 to -€66,466
- Other debts -€9,270
down €9,270 (-31.9%), from €29,072 to €19,802
- Trade debts +€1,026
up €1,026 (+33.3%), from €3,079 to €4,105
- Gross operating margin -€5,729
down €5,729, from €1,189 to -€4,539
- Other operating charges +€1,627
up €1,627 (+46.8%), from €3,477 to €5,104
- Depreciation -€111
no longer reported in 2025 (was €111)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,060 | €1,270 | -€5,790 | -82.0% |
| Fixed assets | 21/28 | €115 | €115 | = | 0.0% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €6,945 | €1,155 | -€5,790 | -83.4% |
| Amounts receivable within one year | 40/41 | €5,866 | €1,153 | -€4,713 | -80.3% |
| Trade receivables | 40 | €5,365 | €458 | -€4,907 | -91.5% |
| Other amounts receivable | 41 | €501 | €695 | +€194 | +38.7% |
| Cash at bank and in hand | 54/58 | €1,080 | €3 | -€1,077 | -99.8% |
| Total equity and liabilities | 10/49 | €7,060 | €1,270 | -€5,790 | -82.0% |
| Equity | 10/15 | -€25,136 | -€22,637 | +€2,499 | +9.9% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Capital | 10 | €6,200 | €18,600 | +€12,400 | +200% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €25,229 | €25,229 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €23,369 | €23,369 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,565 | -€66,466 | -€9,901 | -17.5% |
| Amounts payable | 17/49 | €32,197 | €23,907 | -€8,289 | -25.7% |
| Amounts payable within one year | 42/48 | €32,197 | €23,907 | -€8,289 | -25.7% |
| Trade debts | 44 | €3,079 | €4,105 | +€1,026 | +33.3% |
| Suppliers | 440/4 | €3,079 | €4,105 | +€1,026 | +33.3% |
| Taxes, remuneration and social security | 45 | €46 | - | -€46 | |
| Taxes | 450/3 | €46 | - | -€46 | |
| Other amounts payable | 47/48 | €29,072 | €19,802 | -€9,270 | -31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111 | - | -€111 | |
| Other operating charges | 640/8 | €3,477 | €5,104 | +€1,627 | +46.8% |
| Gross operating margin | 9900 | €1,189 | -€4,539 | -€5,729 | |
| Operating profit (loss) | 9901 | -€2,399 | -€9,644 | -€7,245 | -302% |
| Financial income | 75/76B | €11 | €8 | -€3 | -27.7% |
| Recurring financial income | 75 | €11 | €8 | -€3 | -27.7% |
| Financial charges | 65/66B | €259 | €265 | +€6 | +2.3% |
| Recurring financial charges | 65 | €259 | €265 | +€6 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,647 | -€9,901 | -€7,254 | -274% |
| Income taxes | 67/77 | €9 | - | -€9 | |
| Profit (loss) for the period | 9904 | -€2,656 | -€9,901 | -€7,245 | -273% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,656 | -€9,901 | -€7,245 | -273% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.