HERES COMMUNICATIONS: 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.
HERES COMMUNICATIONS
Largest movements
- Current investments +€44,746
up €44,746 (+148%), from €30,254 to €75,000
- Tangible fixed assets -€30,957
down €30,957 (-4.5%), from €687,250 to €656,293
of which Land and buildings: -€20,779
- Cash -€29,829
down €29,829 (-62.5%), from €47,758 to €17,929
mainly Current investments (-€44,746) and Provisions (-€12,000)
- Provisions -€12,000
down €12,000 (-85.7%), from €14,000 to €2,000
- Provisions -€12,000
new in 2025: -€12,000
- Depreciation -€4,922
down €4,922 (-13.7%), from €35,879 to €30,957
- Gross operating margin -€2,999
down €2,999 (-11.4%), from €26,266 to €23,267
- Financial income +€1,143
up €1,143 (+337%), from €339 to €1,482
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 | €770,026 | €757,587 | -€12,439 | -1.6% |
| Fixed assets | 21/28 | €689,682 | €662,273 | -€27,409 | -4.0% |
| Tangible fixed assets | 22/27 | €687,250 | €656,293 | -€30,957 | -4.5% |
| Land and buildings | 22 | €676,930 | €656,151 | -€20,779 | -3.1% |
| Plant, machinery and equipment | 23 | €595 | - | -€595 | |
| Furniture and vehicles | 24 | €9,417 | €98 | -€9,319 | -99.0% |
| Other tangible fixed assets | 26 | €308 | €44 | -€264 | -85.7% |
| Financial fixed assets | 28 | €2,432 | €5,980 | +€3,548 | +146% |
| Current assets | 29/58 | €80,344 | €95,314 | +€14,970 | +18.6% |
| Amounts receivable within one year | 40/41 | €81 | €1,060 | +€979 | +1,209% |
| Other amounts receivable | 41 | €81 | €1,060 | +€979 | +1,209% |
| Current investments | 50/53 | €30,254 | €75,000 | +€44,746 | +148% |
| Cash at bank and in hand | 54/58 | €47,758 | €17,929 | -€29,829 | -62.5% |
| Deferred charges and accrued income | 490/1 | €2,251 | €1,325 | -€926 | -41.1% |
| Total equity and liabilities | 10/49 | €770,026 | €757,587 | -€12,439 | -1.6% |
| Equity | 10/15 | €750,243 | €750,715 | +€472 | +0.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €18,460 | €18,460 | = | 0.0% |
| Distributable reserves | 133 | €18,460 | €18,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €729,783 | €730,255 | +€472 | +0.1% |
| Provisions and deferred taxes | 16 | €14,000 | €2,000 | -€12,000 | -85.7% |
| Provisions for liabilities and charges | 160/5 | €14,000 | €2,000 | -€12,000 | -85.7% |
| Other liabilities and charges | 164/5 | €14,000 | €2,000 | -€12,000 | -85.7% |
| Amounts payable | 17/49 | €5,783 | €4,872 | -€911 | -15.8% |
| Amounts payable within one year | 42/48 | €1,706 | €196 | -€1,510 | -88.5% |
| Trade debts | 44 | €1,636 | €196 | -€1,440 | -88.0% |
| Suppliers | 440/4 | €1,636 | €196 | -€1,440 | -88.0% |
| Taxes, remuneration and social security | 45 | €70 | - | -€70 | |
| Taxes | 450/3 | €70 | - | -€70 | |
| Accrued charges and deferred income | 492/3 | €4,077 | €4,676 | +€599 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,879 | €30,957 | -€4,922 | -13.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€12,000 | -€12,000 | |
| Other operating charges | 640/8 | €4,933 | €5,106 | +€173 | +3.5% |
| Gross operating margin | 9900 | €26,266 | €23,267 | -€2,999 | -11.4% |
| Operating profit (loss) | 9901 | -€14,546 | -€796 | +€13,750 | +94.5% |
| Financial income | 75/76B | €339 | €1,482 | +€1,143 | +337% |
| Recurring financial income | 75 | €339 | €1,482 | +€1,143 | +337% |
| Financial charges | 65/66B | €50 | €49 | -€1 | -2.0% |
| Recurring financial charges | 65 | €50 | €49 | -€1 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,257 | €637 | +€14,894 | |
| Income taxes | 67/77 | €172 | €165 | -€7 | -4.1% |
| Profit (loss) for the period | 9904 | -€14,429 | €472 | +€14,901 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,429 | €472 | +€14,901 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.