HERE BELGIUM NV: 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.
HERE BELGIUM NV
Largest movements
- Receivables within one year -€21,693
down €21,693 (-1.5%), from €1.4m to €1.4m
of which Trade receivables: -€74,264
- Trade debts -€97,469
down €97,469 (-70.4%), from €138,527 to €41,058
- Profit (loss) carried forward +€48,175
up €48,175 (+4.8%), from €1.0m to €1.0m
- Tax, wage and social debts +€47,768
up €47,768 (+24.2%), from €197,407 to €245,175
of which Remuneration and social security: +€42,133
- Accrued charges and deferred income -€16,231
down €16,231 (-56.8%), from €28,582 to €12,351
- Staff costs +€176,706
up €176,706 (+33.6%), from €525,843 to €702,549
- Gross operating margin +€144,550
up €144,550 (+23.9%), from €605,031 to €749,581
- Financial income -€8,750
down €8,750 (-20.7%), from €42,258 to €33,508
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 | €1,434,258 | €1,416,390 | -€17,867 | -1.2% |
| Fixed assets | 21/28 | €12,105 | €12,105 | = | 0.0% |
| Financial fixed assets | 28 | €12,105 | €12,105 | = | 0.0% |
| Current assets | 29/58 | €1,422,153 | €1,404,285 | -€17,867 | -1.3% |
| Amounts receivable within one year | 40/41 | €1,410,482 | €1,388,789 | -€21,693 | -1.5% |
| Trade receivables | 40 | €151,345 | €77,081 | -€74,264 | -49.1% |
| Other amounts receivable | 41 | €1,259,137 | €1,311,708 | +€52,570 | +4.2% |
| Deferred charges and accrued income | 490/1 | €11,671 | €15,496 | +€3,826 | +32.8% |
| Total equity and liabilities | 10/49 | €1,434,258 | €1,416,390 | -€17,867 | -1.2% |
| Equity | 10/15 | €1,069,631 | €1,117,806 | +€48,175 | +4.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,001,461 | €1,049,635 | +€48,175 | +4.8% |
| Amounts payable | 17/49 | €364,626 | €298,585 | -€66,042 | -18.1% |
| Amounts payable within one year | 42/48 | €336,044 | €286,234 | -€49,811 | -14.8% |
| Financial debts | 43 | €110 | €0 | -€110 | -100% |
| Credit institutions | 430/8 | €110 | €0 | -€110 | -100% |
| Trade debts | 44 | €138,527 | €41,058 | -€97,469 | -70.4% |
| Suppliers | 440/4 | €138,527 | €41,058 | -€97,469 | -70.4% |
| Taxes, remuneration and social security | 45 | €197,407 | €245,175 | +€47,768 | +24.2% |
| Taxes | 450/3 | €5,174 | €10,809 | +€5,635 | +109% |
| Remuneration and social security | 454/9 | €192,233 | €234,366 | +€42,133 | +21.9% |
| Accrued charges and deferred income | 492/3 | €28,582 | €12,351 | -€16,231 | -56.8% |
| Remuneration, social security and pensions | 62 | €525,843 | €702,549 | +€176,706 | +33.6% |
| Other operating charges | 640/8 | €980 | €6,763 | +€5,784 | +590% |
| Non-recurring operating charges | 66A | €51,209 | €0 | -€51,209 | -100% |
| Gross operating margin | 9900 | €605,031 | €749,581 | +€144,550 | +23.9% |
| Operating profit (loss) | 9901 | €27,000 | €40,269 | +€13,269 | +49.1% |
| Financial income | 75/76B | €42,258 | €33,508 | -€8,750 | -20.7% |
| Recurring financial income | 75 | €42,258 | €33,508 | -€8,750 | -20.7% |
| Financial charges | 65/66B | €802 | €2,804 | +€2,001 | +249% |
| Recurring financial charges | 65 | €802 | €2,804 | +€2,001 | +249% |
| Profit (loss) for the period before taxes | 9903 | €68,456 | €70,973 | +€2,518 | +3.7% |
| Income taxes | 67/77 | €20,498 | €22,799 | +€2,301 | +11.2% |
| Profit (loss) for the period | 9904 | €47,957 | €48,175 | +€217 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,957 | €48,175 | +€217 | +0.5% |
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 29 October 2026 via checked.be.