HERCULUS: 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.
HERCULUS
Largest movements
- Current investments +€55,500
new in 2025: €55,500
- Cash -€6,649
down €6,649 (-21.8%), from €30,454 to €23,804
mainly Current investments (-€55,500) and Investment in fixed assets (net) (-€6,429)
- Tangible fixed assets +€5,604
up €5,604 (+197.1%), from €2,843 to €8,447
of which Plant, machinery and equipment: +€2,911
- Receivables within one year +€4,682
up €4,682 (+44.4%), from €10,533 to €15,215
of which Other amounts receivable: +€6,394
- Current portion of long-term debt +€30,000
new in 2025: €30,000
- Reserves +€25,029
up €25,029 (+87.9%), from €28,461 to €53,489
- Tax, wage and social debts +€6,992
up €6,992 (+142.7%), from €4,901 to €11,893
- Other debts -€2,945
no longer reported in 2025 (was €2,945)
- Gross operating margin +€11,378
up €11,378 (+44.4%), from €25,623 to €37,001
- Taxes +€3,378
up €3,378 (+50.6%), from €6,679 to €10,057
- Financial income +€3,187
up €3,187 (+3983537.5%), from €0 to €3,187
- Financial charges +€1,686
up €1,686 (+97.4%), from €1,730 to €3,416
- Depreciation +€573
up €573 (+227.4%), from €252 to €825
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,625 | €104,788 | +€60,163 | +134.8% |
| Fixed assets | 21/28 | €2,843 | €8,447 | +€5,604 | +197.1% |
| Tangible fixed assets | 22/27 | €2,843 | €8,447 | +€5,604 | +197.1% |
| Plant, machinery and equipment | 23 | €2,843 | €5,754 | +€2,911 | +102.4% |
| Furniture and vehicles | 24 | - | €1,349 | +€1,349 | |
| Other tangible fixed assets | 26 | - | €1,344 | +€1,344 | |
| Current assets | 29/58 | €41,782 | €96,341 | +€54,559 | +130.6% |
| Amounts receivable within one year | 40/41 | €10,533 | €15,215 | +€4,682 | +44.4% |
| Trade receivables | 40 | €9,713 | €8,000 | -€1,713 | -17.6% |
| Other amounts receivable | 41 | €821 | €7,215 | +€6,394 | +779.0% |
| Current investments | 50/53 | - | €55,500 | +€55,500 | |
| Cash at bank and in hand | 54/58 | €30,454 | €23,804 | -€6,649 | -21.8% |
| Deferred charges and accrued income | 490/1 | €795 | €1,822 | +€1,027 | +129.2% |
| Total equity and liabilities | 10/49 | €44,625 | €104,788 | +€60,163 | +134.8% |
| Equity | 10/15 | €33,461 | €58,489 | +€25,029 | +74.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,461 | €53,489 | +€25,029 | +87.9% |
| Non-distributable reserves | 130/1 | €28,461 | €53,489 | +€25,029 | +87.9% |
| Other | 1319 | €28,461 | €53,489 | +€25,029 | +87.9% |
| Amounts payable | 17/49 | €11,164 | €46,299 | +€35,135 | +314.7% |
| Amounts payable within one year | 42/48 | €10,988 | €45,129 | +€34,141 | +310.7% |
| Current portion of amounts payable after more than one year | 42 | - | €30,000 | +€30,000 | |
| Trade debts | 44 | €3,143 | €3,236 | +€93 | +3.0% |
| Suppliers | 440/4 | €3,143 | €3,236 | +€93 | +3.0% |
| Taxes, remuneration and social security | 45 | €4,901 | €11,893 | +€6,992 | +142.7% |
| Taxes | 450/3 | €4,901 | €11,893 | +€6,992 | +142.7% |
| Other amounts payable | 47/48 | €2,945 | - | -€2,945 | |
| Accrued charges and deferred income | 492/3 | €176 | €1,170 | +€994 | +565.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €252 | €825 | +€573 | +227.4% |
| Other operating charges | 640/8 | €594 | €544 | -€50 | -8.5% |
| Non-recurring operating charges | 66A | €58 | €318 | +€260 | +448.7% |
| Gross operating margin | 9900 | €25,623 | €37,001 | +€11,378 | +44.4% |
| Operating profit (loss) | 9901 | €24,719 | €35,315 | +€10,595 | +42.9% |
| Financial income | 75/76B | €0 | €3,187 | +€3,187 | +3983537.5% |
| Recurring financial income | 75 | €0 | €3,187 | +€3,187 | +3983537.5% |
| Financial charges | 65/66B | €1,730 | €3,416 | +€1,686 | +97.4% |
| Recurring financial charges | 65 | €1,730 | €3,416 | +€1,686 | +97.4% |
| Profit (loss) for the period before taxes | 9903 | €22,989 | €35,086 | +€12,097 | +52.6% |
| Income taxes | 67/77 | €6,679 | €10,057 | +€3,378 | +50.6% |
| Profit (loss) for the period | 9904 | €16,310 | €25,029 | +€8,719 | +53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,310 | €25,029 | +€8,719 | +53.5% |
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 11 October 2026 via checked.be.