Hercules HR: 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.
Hercules HR
Largest movements
- Receivables within one year +€61,756
up €61,756 (+25.3%), from €244,324 to €306,079
of which Trade receivables: +€44,544
- Tangible fixed assets -€36,729
down €36,729 (-86.0%), from €42,690 to €5,961
of which Other tangible fixed assets: -€34,282
- Deferred charges and accrued income -€12,616
down €12,616 (-100%), from €12,616 to €0
- Advances received +€35,787
new in 2025: €35,787
- Tax, wage and social debts -€23,034
down €23,034 (-50.5%), from €45,628 to €22,593
- Short-term financial debts -€13,575
down €13,575 (-97.2%), from €13,960 to €385
- Profit (loss) carried forward +€12,431
up €12,431 (+5.3%), from €233,372 to €245,803
- Trade debts +€4,535
up €4,535 (+5.1%), from €88,169 to €92,704
- Financial charges +€32,318
up €32,318 (+469%), from €6,893 to €39,211
of which Non-recurring financial charges: +€34,282
- Gross operating margin +€11,042
up €11,042 (+21.5%), from €51,443 to €62,485
- Taxes -€5,427
down €5,427 (-43.8%), from €12,379 to €6,952
- Depreciation -€4,298
down €4,298 (-63.7%), from €6,745 to €2,447
- Other operating charges +€717
up €717 (+20.1%), from €3,559 to €4,276
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €399,630 | €412,040 | +€12,410 | +3.1% |
| Fixed assets | 21/28 | €42,690 | €5,961 | -€36,729 | -86.0% |
| Tangible fixed assets | 22/27 | €42,690 | €5,961 | -€36,729 | -86.0% |
| Furniture and vehicles | 24 | €8,408 | €5,961 | -€2,447 | -29.1% |
| Other tangible fixed assets | 26 | €34,282 | €0 | -€34,282 | -100% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €356,940 | €406,079 | +€49,139 | +13.8% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €244,324 | €306,079 | +€61,756 | +25.3% |
| Trade receivables | 40 | €0 | €44,544 | +€44,544 | |
| Other amounts receivable | 41 | €244,324 | €261,535 | +€17,212 | +7.0% |
| Deferred charges and accrued income | 490/1 | €12,616 | €0 | -€12,616 | -100% |
| Total equity and liabilities | 10/49 | €399,630 | €412,040 | +€12,410 | +3.1% |
| Equity | 10/15 | €235,372 | €247,803 | +€12,431 | +5.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €233,372 | €245,803 | +€12,431 | +5.3% |
| Amounts payable | 17/49 | €164,258 | €164,237 | -€21 | 0.0% |
| Amounts payable after more than one year | 17 | €12,768 | €8,785 | -€3,983 | -31.2% |
| Financial debts | 170/4 | €12,768 | €8,785 | -€3,983 | -31.2% |
| Amounts payable within one year | 42/48 | €151,490 | €155,452 | +€3,962 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €3,733 | €3,983 | +€250 | +6.7% |
| Financial debts | 43 | €13,960 | €385 | -€13,575 | -97.2% |
| Credit institutions | 430/8 | €13,960 | €385 | -€13,575 | -97.2% |
| Trade debts | 44 | €88,169 | €92,704 | +€4,535 | +5.1% |
| Suppliers | 440/4 | €88,169 | €92,704 | +€4,535 | +5.1% |
| Advances received on contracts in progress | 46 | - | €35,787 | +€35,787 | |
| Taxes, remuneration and social security | 45 | €45,628 | €22,593 | -€23,034 | -50.5% |
| Taxes | 450/3 | €45,628 | €22,593 | -€23,034 | -50.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,745 | €2,447 | -€4,298 | -63.7% |
| Other operating charges | 640/8 | €3,559 | €4,276 | +€717 | +20.1% |
| Gross operating margin | 9900 | €51,443 | €62,485 | +€11,042 | +21.5% |
| Operating profit (loss) | 9901 | €41,138 | €55,762 | +€14,623 | +35.5% |
| Financial income | 75/76B | €2,833 | €2,833 | -€0 | 0.0% |
| Recurring financial income | 75 | €2,833 | €2,833 | -€0 | 0.0% |
| Financial charges | 65/66B | €6,893 | €39,211 | +€32,318 | +469% |
| Recurring financial charges | 65 | €6,893 | €4,929 | -€1,964 | -28.5% |
| Non-recurring financial charges | 66B | - | €34,282 | +€34,282 | |
| Profit (loss) for the period before taxes | 9903 | €37,079 | €19,384 | -€17,695 | -47.7% |
| Income taxes | 67/77 | €12,379 | €6,952 | -€5,427 | -43.8% |
| Profit (loss) for the period | 9904 | €24,699 | €12,431 | -€12,268 | -49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,699 | €12,431 | -€12,268 | -49.7% |
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 20 October 2026 via checked.be.