Herdo: what changed
Two fiscal 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.
Herdo
Largest movements
- Tangible fixed assets +€20,192
up €20,192 (+4.4%), from €462,864 to €483,056
of which Furniture and vehicles: +€13,831
- Receivables within one year +€19,585
up €19,585 (+25.8%), from €76,000 to €95,584
of which Trade receivables: +€13,431
- Cash -€10,074
down €10,074 (-34.6%), from €29,081 to €19,007
mainly Investment in fixed assets (net) (-€39,101) and Debts after one year (-€22,023)
- Other debts +€26,394
up €26,394 (+84.6%), from €31,189 to €57,583
- Debts after one year -€22,023
down €22,023 (-5.7%), from €386,987 to €364,964
- Profit (loss) carried forward +€21,229
up €21,229 (+19.3%), from €109,821 to €131,050
- Other operating charges -€54,089
down €54,089 (-97.5%), from €55,470 to €1,381
- Gross operating margin +€16,153
up €16,153 (+34.8%), from €46,476 to €62,628
- Financial charges +€13,781
up €13,781 (+240.3%), from €5,734 to €19,516
- Depreciation +€12,352
up €12,352 (+188.4%), from €6,558 to €18,909
- Taxes +€2,294
new in 2025: €2,294
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 | €568,645 | €599,047 | +€30,402 | +5.3% |
| Fixed assets | 21/28 | €462,864 | €483,056 | +€20,192 | +4.4% |
| Tangible fixed assets | 22/27 | €462,864 | €483,056 | +€20,192 | +4.4% |
| Land and buildings | 22 | €452,508 | €459,838 | +€7,330 | +1.6% |
| Plant, machinery and equipment | 23 | €1,937 | €967 | -€970 | -50.1% |
| Furniture and vehicles | 24 | €8,419 | €22,250 | +€13,831 | +164.3% |
| Current assets | 29/58 | €105,781 | €115,991 | +€10,211 | +9.7% |
| Amounts receivable within one year | 40/41 | €76,000 | €95,584 | +€19,585 | +25.8% |
| Trade receivables | 40 | - | €13,431 | +€13,431 | |
| Other amounts receivable | 41 | €76,000 | €82,153 | +€6,154 | +8.1% |
| Cash at bank and in hand | 54/58 | €29,081 | €19,007 | -€10,074 | -34.6% |
| Deferred charges and accrued income | 490/1 | €700 | €1,400 | +€700 | +100.0% |
| Total equity and liabilities | 10/49 | €568,645 | €599,047 | +€30,402 | +5.3% |
| Equity | 10/15 | €112,321 | €133,550 | +€21,229 | +18.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,821 | €131,050 | +€21,229 | +19.3% |
| Amounts payable | 17/49 | €456,324 | €465,497 | +€9,173 | +2.0% |
| Amounts payable after more than one year | 17 | €386,987 | €364,964 | -€22,023 | -5.7% |
| Financial debts | 170/4 | €386,987 | €364,964 | -€22,023 | -5.7% |
| Amounts payable within one year | 42/48 | €63,559 | €91,431 | +€27,872 | +43.9% |
| Current portion of amounts payable after more than one year | 42 | €21,273 | €22,023 | +€749 | +3.5% |
| Taxes, remuneration and social security | 45 | €11,097 | €11,825 | +€728 | +6.6% |
| Taxes | 450/3 | €11,097 | €11,825 | +€728 | +6.6% |
| Other amounts payable | 47/48 | €31,189 | €57,583 | +€26,394 | +84.6% |
| Accrued charges and deferred income | 492/3 | €5,777 | €9,101 | +€3,324 | +57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,558 | €18,909 | +€12,352 | +188.4% |
| Other operating charges | 640/8 | €55,470 | €1,381 | -€54,089 | -97.5% |
| Gross operating margin | 9900 | €46,476 | €62,628 | +€16,153 | +34.8% |
| Operating profit (loss) | 9901 | -€15,551 | €42,339 | +€57,890 | |
| Financial income | 75/76B | €700 | €700 | = | 0.0% |
| Recurring financial income | 75 | €700 | €700 | = | 0.0% |
| Financial charges | 65/66B | €5,734 | €19,516 | +€13,781 | +240.3% |
| Recurring financial charges | 65 | €5,734 | €19,516 | +€13,781 | +240.3% |
| Profit (loss) for the period before taxes | 9903 | -€20,586 | €23,523 | +€44,109 | |
| Income taxes | 67/77 | - | €2,294 | +€2,294 | |
| Profit (loss) for the period | 9904 | -€20,586 | €21,229 | +€41,815 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,586 | €21,229 | +€41,815 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.