Herd Communications: 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.
Herd Communications
Largest movements
- Receivables within one year +€41,628
up €41,628 (+50.7%), from €82,110 to €123,738
of which Other amounts receivable: +€57,437
- Cash -€21,347
down €21,347 (-69.7%), from €30,609 to €9,262
mainly Receivables within one year (-€41,628) and Tax, wage and social debts (-€19,882)
- Deferred charges and accrued income +€8,093
new in 2025: €8,093
- Profit (loss) carried forward +€45,398
up €45,398 (+80.9%), from €56,090 to €101,488
- Tax, wage and social debts -€19,882
down €19,882 (-42.5%), from €46,732 to €26,851
- Trade debts +€2,559
up €2,559 (+997.1%), from €257 to €2,815
- Gross operating margin +€88,523
up €88,523, from -€35,769 to €52,754
- Other operating charges +€4,317
new in 2025: €4,317
- Financial income +€3,750
up €3,750 (+212.0%), from €1,769 to €5,519
- Taxes +€2,828
up €2,828, from €0 to €2,828
- Financial charges +€817
up €817 (+17.7%), from €4,615 to €5,431
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 | €113,079 | €141,154 | +€28,075 | +24.8% |
| Fixed assets | 21/28 | €360 | €61 | -€298 | -83.0% |
| Tangible fixed assets | 22/27 | €360 | €61 | -€298 | -83.0% |
| Furniture and vehicles | 24 | €360 | €61 | -€298 | -83.0% |
| Current assets | 29/58 | €112,719 | €141,093 | +€28,374 | +25.2% |
| Amounts receivable within one year | 40/41 | €82,110 | €123,738 | +€41,628 | +50.7% |
| Trade receivables | 40 | €15,809 | €0 | -€15,809 | -100.0% |
| Other amounts receivable | 41 | €66,301 | €123,738 | +€57,437 | +86.6% |
| Cash at bank and in hand | 54/58 | €30,609 | €9,262 | -€21,347 | -69.7% |
| Deferred charges and accrued income | 490/1 | - | €8,093 | +€8,093 | |
| Total equity and liabilities | 10/49 | €113,079 | €141,154 | +€28,075 | +24.8% |
| Equity | 10/15 | €66,090 | €111,488 | +€45,398 | +68.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,090 | €101,488 | +€45,398 | +80.9% |
| Amounts payable | 17/49 | €46,989 | €29,666 | -€17,323 | -36.9% |
| Amounts payable within one year | 42/48 | €46,989 | €29,666 | -€17,323 | -36.9% |
| Trade debts | 44 | €257 | €2,815 | +€2,559 | +997.1% |
| Suppliers | 440/4 | €257 | €2,815 | +€2,559 | +997.1% |
| Taxes, remuneration and social security | 45 | €46,732 | €26,851 | -€19,882 | -42.5% |
| Taxes | 450/3 | €46,732 | €26,851 | -€19,882 | -42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €298 | €298 | = | 0.0% |
| Other operating charges | 640/8 | - | €4,317 | +€4,317 | |
| Gross operating margin | 9900 | -€35,769 | €52,754 | +€88,523 | |
| Operating profit (loss) | 9901 | -€36,067 | €48,138 | +€84,206 | |
| Financial income | 75/76B | €1,769 | €5,519 | +€3,750 | +212.0% |
| Recurring financial income | 75 | €1,769 | €5,519 | +€3,750 | +212.0% |
| Financial charges | 65/66B | €4,615 | €5,431 | +€817 | +17.7% |
| Recurring financial charges | 65 | €4,615 | €5,431 | +€817 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | -€38,913 | €48,226 | +€87,139 | |
| Income taxes | 67/77 | €0 | €2,828 | +€2,828 | |
| Profit (loss) for the period | 9904 | -€38,913 | €45,398 | +€84,311 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,913 | €45,398 | +€84,311 |
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 10 October 2026 via checked.be.