HÉRÉSIE: 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.
HÉRÉSIE
Largest movements
- Financial fixed assets +€9,000
new in 2025: €9,000
- Cash +€7,458
up €7,458 (+29.2%), from €25,540 to €32,998
mainly Other debts (+€30,618) and Depreciation (+€8,599)
- Stocks and contracts -€4,032
down €4,032 (-20.1%), from €20,091 to €16,059
- Tangible fixed assets +€2,440
up €2,440 (+21.7%), from €11,251 to €13,691
of which Other tangible fixed assets: +€5,190
- Other debts +€30,618
up €30,618 (+70.8%), from €43,227 to €73,844
- Profit (loss) carried forward -€17,353
down €17,353, from €9,166 to -€8,187
- Tax, wage and social debts +€938
up €938 (+42.8%), from €2,192 to €3,130
- Depreciation +€3,923
up €3,923 (+83.9%), from €4,676 to €8,599
- Financial charges -€3,412
down €3,412 (-70.8%), from €4,817 to €1,405
- Gross operating margin +€1,843
up €1,843 (+21.4%), from -€8,621 to -€6,778
- Staff costs -€1,293
down €1,293 (-72.7%), from €1,779 to €486
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 | €56,881 | €71,747 | +€14,866 | +26.1% |
| Fixed assets | 21/28 | €11,251 | €22,691 | +€11,440 | +102% |
| Tangible fixed assets | 22/27 | €11,251 | €13,691 | +€2,440 | +21.7% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €3,982 | €1,232 | -€2,750 | -69.1% |
| Other tangible fixed assets | 26 | €7,268 | €12,458 | +€5,190 | +71.4% |
| Financial fixed assets | 28 | - | €9,000 | +€9,000 | |
| Current assets | 29/58 | €45,630 | €49,057 | +€3,426 | +7.5% |
| Stocks and contracts in progress | 3 | €20,091 | €16,059 | -€4,032 | -20.1% |
| Stocks | 30/36 | €20,091 | €16,059 | -€4,032 | -20.1% |
| Amounts receivable within one year | 40/41 | €0 | €0 | = | |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €25,540 | €32,998 | +€7,458 | +29.2% |
| Total equity and liabilities | 10/49 | €56,881 | €71,747 | +€14,866 | +26.1% |
| Equity | 10/15 | €11,166 | -€6,187 | -€17,353 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,166 | -€8,187 | -€17,353 | |
| Amounts payable | 17/49 | €45,715 | €77,934 | +€32,219 | +70.5% |
| Amounts payable within one year | 42/48 | €45,715 | €77,934 | +€32,219 | +70.5% |
| Trade debts | 44 | €297 | €960 | +€663 | +223% |
| Suppliers | 440/4 | €297 | €960 | +€663 | +223% |
| Taxes, remuneration and social security | 45 | €2,192 | €3,130 | +€938 | +42.8% |
| Taxes | 450/3 | €2,192 | €3,130 | +€938 | +42.8% |
| Other amounts payable | 47/48 | €43,227 | €73,844 | +€30,618 | +70.8% |
| Remuneration, social security and pensions | 62 | €1,779 | €486 | -€1,293 | -72.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,676 | €8,599 | +€3,923 | +83.9% |
| Other operating charges | 640/8 | €85 | €85 | +€0 | 0.0% |
| Gross operating margin | 9900 | -€8,621 | -€6,778 | +€1,843 | +21.4% |
| Operating profit (loss) | 9901 | -€15,160 | -€15,948 | -€788 | -5.2% |
| Financial charges | 65/66B | €4,817 | €1,405 | -€3,412 | -70.8% |
| Recurring financial charges | 65 | €4,817 | €1,405 | -€3,412 | -70.8% |
| Profit (loss) for the period before taxes | 9903 | -€19,977 | -€17,353 | +€2,625 | +13.1% |
| Profit (loss) for the period | 9904 | -€19,977 | -€17,353 | +€2,625 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,977 | -€17,353 | +€2,625 | +13.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.