HERCULE: what changed
HERCULE
Largest movements
- Receivables within one year -€6,559
down €6,559 (-57.7%), from €11,373 to €4,814
of which Trade receivables: -€6,286
- Receivables after one year -€6,000
down €6,000 (-29.3%), from €20,500 to €14,500
- Tangible fixed assets +€5,382
up €5,382 (+428%), from €1,257 to €6,639
of which Furniture and vehicles: +€5,666
- Deferred charges and accrued income -€447
down €447 (-22.2%), from €2,016 to €1,569
- Short-term financial debts -€6,093
down €6,093 (-62.3%), from €9,779 to €3,687
- Trade debts -€2,743
down €2,743 (-20.7%), from €13,225 to €10,482
- Profit (loss) carried forward +€2,421
up €2,421 (+7.7%), from -€31,557 to -€29,137
- Tax, wage and social debts -€1,973
down €1,973 (-83.1%), from €2,374 to €401
- Other debts +€764
up €764 (+852%), from €90 to €853
- Gross operating margin +€14,905
up €14,905, from -€8,467 to €6,439
- Depreciation +€903
up €903 (+318%), from €284 to €1,186
- Financial charges -€510
down €510 (-28.8%), from €1,771 to €1,261
- Other operating charges +€319
up €319 (+26.6%), from €1,202 to €1,521
- Taxes -€107
down €107 (-68.4%), from €157 to €50
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
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,722 | €29,097 | -€7,624 | -20.8% |
| Fixed assets | 21/28 | €2,832 | €8,214 | +€5,382 | +190% |
| Tangible fixed assets | 22/27 | €1,257 | €6,639 | +€5,382 | +428% |
| Plant, machinery and equipment | 23 | €628 | €392 | -€235 | -37.5% |
| Furniture and vehicles | 24 | - | €5,666 | +€5,666 | |
| Other tangible fixed assets | 26 | €630 | €581 | -€48 | -7.7% |
| Financial fixed assets | 28 | €1,575 | €1,575 | = | 0.0% |
| Current assets | 29/58 | €33,889 | €20,883 | -€13,006 | -38.4% |
| Amounts receivable after more than one year | 29 | €20,500 | €14,500 | -€6,000 | -29.3% |
| Other amounts receivable | 291 | €20,500 | €14,500 | -€6,000 | -29.3% |
| Amounts receivable within one year | 40/41 | €11,373 | €4,814 | -€6,559 | -57.7% |
| Trade receivables | 40 | €11,100 | €4,814 | -€6,286 | -56.6% |
| Other amounts receivable | 41 | €273 | - | -€273 | |
| Deferred charges and accrued income | 490/1 | €2,016 | €1,569 | -€447 | -22.2% |
| Total equity and liabilities | 10/49 | €36,722 | €29,097 | -€7,624 | -20.8% |
| Equity | 10/15 | €11,254 | €13,674 | +€2,421 | +21.5% |
| Contributions | 10/11 | €42,550 | €42,550 | = | 0.0% |
| Reserves | 13 | €261 | €261 | = | 0.0% |
| Distributable reserves | 133 | €261 | €261 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,557 | -€29,137 | +€2,421 | +7.7% |
| Amounts payable | 17/49 | €25,468 | €15,423 | -€10,045 | -39.4% |
| Amounts payable within one year | 42/48 | €25,468 | €15,423 | -€10,045 | -39.4% |
| Financial debts | 43 | €9,779 | €3,687 | -€6,093 | -62.3% |
| Credit institutions | 430/8 | €9,779 | €3,687 | -€6,093 | -62.3% |
| Trade debts | 44 | €13,225 | €10,482 | -€2,743 | -20.7% |
| Suppliers | 440/4 | €13,225 | €10,482 | -€2,743 | -20.7% |
| Taxes, remuneration and social security | 45 | €2,374 | €401 | -€1,973 | -83.1% |
| Taxes | 450/3 | €2,374 | €401 | -€1,973 | -83.1% |
| Other amounts payable | 47/48 | €90 | €853 | +€764 | +852% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €284 | €1,186 | +€903 | +318% |
| Other operating charges | 640/8 | €1,202 | €1,521 | +€319 | +26.6% |
| Gross operating margin | 9900 | -€8,467 | €6,439 | +€14,905 | |
| Operating profit (loss) | 9901 | -€9,952 | €3,731 | +€13,683 | |
| Financial income | 75/76B | €9 | €0 | -€9 | -99.9% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -99.9% |
| Financial charges | 65/66B | €1,771 | €1,261 | -€510 | -28.8% |
| Recurring financial charges | 65 | €1,771 | €1,261 | -€510 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,714 | €2,470 | +€14,184 | |
| Income taxes | 67/77 | €157 | €50 | -€107 | -68.4% |
| Profit (loss) for the period | 9904 | -€11,871 | €2,421 | +€14,292 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,871 | €2,421 | +€14,292 |
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.