HEREAL: 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.
HEREAL
Largest movements
- Receivables within one year -€2.4m
down €2.4m (-9.6%), from €24.6m to €22.3m
of which Other amounts receivable: -€2.4m
- Financial fixed assets +€1.0m
up €1.0m (+2.0%), from €50.4m to €51.4m
- Current investments -€889,241
no longer reported in 2025 (was €889,241)
- Other debts -€2.0m
down €2.0m (-8.3%), from €24.5m to €22.4m
- Financial income -€681,129
down €681,129 (-79.8%), from €854,057 to €172,928
- Staff costs +€326,150
up €326,150 (+11.9%), from €2.7m to €3.1m
- Financial charges -€185,674
down €185,674 (-82.3%), from €225,695 to €40,021
- Taxes -€156,073
down €156,073, from €137,324 to -€18,749
- Gross operating margin +€47,982
up €47,982 (+1.9%), from €2.5m to €2.6m
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 | €78,498,337 | €75,988,674 | -€2.5m | -3.2% |
| Fixed assets | 21/28 | €50,429,279 | €51,429,279 | +€1.0m | +2.0% |
| Financial fixed assets | 28 | €50,429,279 | €51,429,279 | +€1.0m | +2.0% |
| Current assets | 29/58 | €28,069,058 | €24,559,395 | -€3.5m | -12.5% |
| Amounts receivable within one year | 40/41 | €24,623,768 | €22,252,042 | -€2.4m | -9.6% |
| Trade receivables | 40 | €415,488 | €409,614 | -€5,874 | -1.4% |
| Other amounts receivable | 41 | €24,208,280 | €21,842,428 | -€2.4m | -9.8% |
| Current investments | 50/53 | €889,241 | - | -€889,241 | |
| Cash at bank and in hand | 54/58 | €2,537,198 | €2,288,014 | -€249,184 | -9.8% |
| Deferred charges and accrued income | 490/1 | €18,851 | €19,339 | +€488 | +2.6% |
| Total equity and liabilities | 10/49 | €78,498,337 | €75,988,674 | -€2.5m | -3.2% |
| Equity | 10/15 | €50,690,301 | €50,342,544 | -€347,757 | -0.7% |
| Contributions | 10/11 | €14,330,800 | €14,330,800 | = | 0.0% |
| Revaluation surpluses | 12 | €21,410,343 | €21,410,343 | = | 0.0% |
| Reserves | 13 | €12,000,000 | €12,000,000 | = | 0.0% |
| Distributable reserves | 133 | €12,000,000 | €12,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,949,158 | €2,601,401 | -€347,757 | -11.8% |
| Amounts payable | 17/49 | €27,808,036 | €25,646,130 | -€2.2m | -7.8% |
| Amounts payable after more than one year | 17 | €976,461 | €669,263 | -€307,198 | -31.5% |
| Financial debts | 170/4 | €976,461 | €669,263 | -€307,198 | -31.5% |
| Amounts payable within one year | 42/48 | €26,831,575 | €24,976,867 | -€1.9m | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €307,197 | €307,197 | = | 0.0% |
| Trade debts | 44 | €139,245 | €111,637 | -€27,608 | -19.8% |
| Suppliers | 440/4 | €139,245 | €111,637 | -€27,608 | -19.8% |
| Taxes, remuneration and social security | 45 | €1,933,058 | €2,127,401 | +€194,343 | +10.1% |
| Taxes | 450/3 | €1,471,949 | €1,616,284 | +€144,335 | +9.8% |
| Remuneration and social security | 454/9 | €461,109 | €511,117 | +€50,008 | +10.8% |
| Other amounts payable | 47/48 | €24,452,075 | €22,430,632 | -€2.0m | -8.3% |
| Remuneration, social security and pensions | 62 | €2,734,973 | €3,061,123 | +€326,150 | +11.9% |
| Other operating charges | 640/8 | €1,132 | €1,166 | +€34 | +3.0% |
| Gross operating margin | 9900 | €2,514,894 | €2,562,876 | +€47,982 | +1.9% |
| Operating profit (loss) | 9901 | -€221,211 | -€499,413 | -€278,202 | -125.8% |
| Financial income | 75/76B | €854,057 | €172,928 | -€681,129 | -79.8% |
| Recurring financial income | 75 | €854,057 | €172,928 | -€681,129 | -79.8% |
| Financial charges | 65/66B | €225,695 | €40,021 | -€185,674 | -82.3% |
| Recurring financial charges | 65 | €225,695 | €40,021 | -€185,674 | -82.3% |
| Profit (loss) for the period before taxes | 9903 | €407,151 | -€366,506 | -€773,657 | |
| Income taxes | 67/77 | €137,324 | -€18,749 | -€156,073 | |
| Profit (loss) for the period | 9904 | €269,827 | -€347,757 | -€617,584 | |
| Profit (loss) for the period to be appropriated | 9905 | €269,827 | -€347,757 | -€617,584 |
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 8 October 2026 via checked.be.