HEREN: 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.
HEREN
Largest movements
- Cash -€9,703
down €9,703 (-41.5%), from €23,388 to €13,684
mainly Accrued charges and deferred income (-€4,500) and Tax, wage and social debts (-€3,863)
- Receivables within one year +€3,768
up €3,768 (+4.6%), from €81,796 to €85,565
of which Other amounts receivable: +€13,400
- Accrued charges and deferred income -€4,500
down €4,500 (-47.4%), from €9,500 to €5,000
- Tax, wage and social debts -€3,863
down €3,863 (-36.7%), from €10,526 to €6,663
of which Taxes: -€2,812
- Reserves +€3,840
up €3,840 (+18.1%), from €21,221 to €25,061
of which Distributable reserves: +€3,648
- Trade debts -€1,412
down €1,412 (-59.1%), from €2,390 to €978
- Gross operating margin -€9,680
down €9,680 (-17.0%), from €56,995 to €47,315
- Taxes -€1,981
down €1,981 (-50.3%), from €3,939 to €1,958
- Staff costs -€1,712
down €1,712 (-4.0%), from €43,308 to €41,596
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 | €105,184 | €99,249 | -€5,935 | -5.6% |
| Current assets | 29/58 | €105,184 | €99,249 | -€5,935 | -5.6% |
| Amounts receivable within one year | 40/41 | €81,796 | €85,565 | +€3,768 | +4.6% |
| Trade receivables | 40 | €21,432 | €11,800 | -€9,632 | -44.9% |
| Other amounts receivable | 41 | €60,364 | €73,765 | +€13,400 | +22.2% |
| Cash at bank and in hand | 54/58 | €23,388 | €13,684 | -€9,703 | -41.5% |
| Total equity and liabilities | 10/49 | €105,184 | €99,249 | -€5,935 | -5.6% |
| Equity | 10/15 | €82,768 | €86,608 | +€3,840 | +4.6% |
| Contributions | 10/11 | €61,547 | €61,547 | = | 0.0% |
| Capital | 10 | €61,547 | €61,547 | = | 0.0% |
| Issued capital | 100 | €61,547 | €61,547 | = | 0.0% |
| Reserves | 13 | €21,221 | €25,061 | +€3,840 | +18.1% |
| Non-distributable reserves | 130/1 | €1,061 | €1,253 | +€192 | +18.1% |
| Legal reserve | 130 | €1,061 | €1,253 | +€192 | +18.1% |
| Distributable reserves | 133 | €20,160 | €23,808 | +€3,648 | +18.1% |
| Amounts payable | 17/49 | €22,416 | €12,641 | -€9,775 | -43.6% |
| Amounts payable within one year | 42/48 | €12,916 | €7,641 | -€5,275 | -40.8% |
| Trade debts | 44 | €2,390 | €978 | -€1,412 | -59.1% |
| Suppliers | 440/4 | €2,390 | €978 | -€1,412 | -59.1% |
| Taxes, remuneration and social security | 45 | €10,526 | €6,663 | -€3,863 | -36.7% |
| Taxes | 450/3 | €9,034 | €6,222 | -€2,812 | -31.1% |
| Remuneration and social security | 454/9 | €1,492 | €441 | -€1,052 | -70.5% |
| Accrued charges and deferred income | 492/3 | €9,500 | €5,000 | -€4,500 | -47.4% |
| Remuneration, social security and pensions | 62 | €43,308 | €41,596 | -€1,712 | -4.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €56,995 | €47,315 | -€9,680 | -17.0% |
| Operating profit (loss) | 9901 | €13,300 | €5,319 | -€7,981 | -60.0% |
| Financial income | 75/76B | €400 | €634 | +€234 | +58.6% |
| Recurring financial income | 75 | €400 | €634 | +€234 | +58.6% |
| Financial charges | 65/66B | €138 | €155 | +€17 | +12.6% |
| Recurring financial charges | 65 | €138 | €155 | +€17 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €13,562 | €5,798 | -€7,764 | -57.2% |
| Income taxes | 67/77 | €3,939 | €1,958 | -€1,981 | -50.3% |
| Profit (loss) for the period | 9904 | €9,624 | €3,840 | -€5,783 | -60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,624 | €3,840 | -€5,783 | -60.1% |
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 28 September 2026 via checked.be.