HERDICO-VLEES: 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.
HERDICO-VLEES
Largest movements
- Receivables within one year -€130,112
down €130,112 (-95.6%), from €136,067 to €5,955
of which Other amounts receivable: -€128,807
- Cash +€106,694
up €106,694 (+106%), from €100,183 to €206,877
mainly Receivables within one year (+€130,112) and Other debts (+€8)
- Profit (loss) carried forward -€20,578
down €20,578 (-2.9%), from -€709,543 to -€730,121
- Trade debts -€2,848
down €2,848 (-51.6%), from €5,520 to €2,672
- Write-downs +€216,913
up €216,913, from -€216,913 to €0
- Other operating charges -€92,597
down €92,597 (-99.4%), from €93,117 to €520
- Gross operating margin -€6,503
down €6,503 (-45.1%), from -€14,425 to -€20,927
- Financial income +€716
up €716 (+314%), from €228 to €944
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
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 | €236,250 | €212,832 | -€23,418 | -9.9% |
| Current assets | 29/58 | €236,250 | €212,832 | -€23,418 | -9.9% |
| Amounts receivable within one year | 40/41 | €136,067 | €5,955 | -€130,112 | -95.6% |
| Trade receivables | 40 | €1,305 | €0 | -€1,305 | -100% |
| Other amounts receivable | 41 | €134,762 | €5,955 | -€128,807 | -95.6% |
| Cash at bank and in hand | 54/58 | €100,183 | €206,877 | +€106,694 | +106% |
| Total equity and liabilities | 10/49 | €236,250 | €212,832 | -€23,418 | -9.9% |
| Equity | 10/15 | €150,857 | €130,279 | -€20,578 | -13.6% |
| Contributions | 10/11 | €744,000 | €744,000 | = | 0.0% |
| Capital | 10 | €744,000 | €744,000 | = | 0.0% |
| Issued capital | 100 | €744,000 | €744,000 | = | 0.0% |
| Reserves | 13 | €116,400 | €116,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €74,400 | €74,400 | = | 0.0% |
| Legal reserve | 130 | €74,400 | €74,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,000 | €42,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€709,543 | -€730,121 | -€20,578 | -2.9% |
| Amounts payable | 17/49 | €85,393 | €82,553 | -€2,840 | -3.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €85,393 | €82,553 | -€2,840 | -3.3% |
| Trade debts | 44 | €5,520 | €2,672 | -€2,848 | -51.6% |
| Suppliers | 440/4 | €5,520 | €2,672 | -€2,848 | -51.6% |
| Other amounts payable | 47/48 | €79,873 | €79,881 | +€8 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€216,913 | €0 | +€216,913 | |
| Other operating charges | 640/8 | €93,117 | €520 | -€92,597 | -99.4% |
| Gross operating margin | 9900 | -€14,425 | -€20,927 | -€6,503 | -45.1% |
| Operating profit (loss) | 9901 | €109,372 | -€21,447 | -€130,819 | |
| Financial income | 75/76B | €228 | €944 | +€716 | +314% |
| Recurring financial income | 75 | €228 | €944 | +€716 | +314% |
| Financial charges | 65/66B | €242 | €75 | -€167 | -68.9% |
| Recurring financial charges | 65 | €242 | €75 | -€167 | -68.9% |
| Profit (loss) for the period before taxes | 9903 | €109,358 | -€20,578 | -€129,936 | |
| Profit (loss) for the period | 9904 | €109,358 | -€20,578 | -€129,936 | |
| Profit (loss) for the period to be appropriated | 9905 | €109,358 | -€20,578 | -€129,936 |
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 27 October 2026 via checked.be.