Herfort: 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.
Herfort
Largest movements
- Cash -€195,250
down €195,250 (-35.5%), from €550,283 to €355,032
mainly Contributions, distributions and other (-€387,500) and Other debts (-€235,000)
- Current investments -€50,000
down €50,000 (-20.0%), from €250,000 to €200,000
- Tangible fixed assets +€11,232
up €11,232 (+102.6%), from €10,948 to €22,180
of which Furniture and vehicles: +€10,943
- Other debts -€235,000
down €235,000 (-37.8%), from €622,500 to €387,500
- Gross operating margin -€120,213
down €120,213 (-7.7%), from €1.6m to €1.4m
- Staff costs +€72,478
up €72,478 (+7.9%), from €922,386 to €994,865
- Other operating charges +€29,586
up €29,586 (+898.6%), from €3,293 to €32,879
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 | €815,782 | €586,574 | -€229,208 | -28.1% |
| Fixed assets | 21/28 | €10,948 | €22,180 | +€11,232 | +102.6% |
| Tangible fixed assets | 22/27 | €10,948 | €22,180 | +€11,232 | +102.6% |
| Plant, machinery and equipment | 23 | €10,233 | €10,521 | +€289 | +2.8% |
| Furniture and vehicles | 24 | €715 | €11,659 | +€10,943 | +1529.6% |
| Current assets | 29/58 | €804,834 | €564,394 | -€240,440 | -29.9% |
| Amounts receivable within one year | 40/41 | - | €2,355 | +€2,355 | |
| Other amounts receivable | 41 | - | €2,355 | +€2,355 | |
| Current investments | 50/53 | €250,000 | €200,000 | -€50,000 | -20.0% |
| Cash at bank and in hand | 54/58 | €550,283 | €355,032 | -€195,250 | -35.5% |
| Deferred charges and accrued income | 490/1 | €4,551 | €7,007 | +€2,456 | +54.0% |
| Total equity and liabilities | 10/49 | €815,782 | €586,574 | -€229,208 | -28.1% |
| Equity | 10/15 | €88,750 | €89,047 | +€297 | +0.3% |
| Contributions | 10/11 | €88,000 | €88,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €750 | €1,047 | +€297 | +39.6% |
| Amounts payable | 17/49 | €727,031 | €497,527 | -€229,505 | -31.6% |
| Amounts payable within one year | 42/48 | €727,031 | €497,527 | -€229,505 | -31.6% |
| Trade debts | 44 | €5,090 | €12,016 | +€6,926 | +136.1% |
| Suppliers | 440/4 | €5,090 | €12,016 | +€6,926 | +136.1% |
| Taxes, remuneration and social security | 45 | €99,441 | €98,011 | -€1,430 | -1.4% |
| Taxes | 450/3 | €3,285 | - | -€3,285 | |
| Remuneration and social security | 454/9 | €96,157 | €98,011 | +€1,854 | +1.9% |
| Other amounts payable | 47/48 | €622,500 | €387,500 | -€235,000 | -37.8% |
| Non-recurring operating income | 76A | - | €10,200 | +€10,200 | |
| Remuneration, social security and pensions | 62 | €922,386 | €994,865 | +€72,478 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,844 | €8,416 | +€4,571 | +118.9% |
| Other operating charges | 640/8 | €3,293 | €32,879 | +€29,586 | +898.6% |
| Gross operating margin | 9900 | €1,559,117 | €1,438,903 | -€120,213 | -7.7% |
| Operating profit (loss) | 9901 | €629,593 | €402,744 | -€226,849 | -36.0% |
| Financial income | 75/76B | €13,100 | €7,169 | -€5,931 | -45.3% |
| Recurring financial income | 75 | €13,100 | €7,169 | -€5,931 | -45.3% |
| Financial charges | 65/66B | €6,079 | €8,640 | +€2,561 | +42.1% |
| Recurring financial charges | 65 | €6,079 | €8,640 | +€2,561 | +42.1% |
| Profit (loss) for the period before taxes | 9903 | €636,614 | €401,273 | -€235,341 | -37.0% |
| Income taxes | 67/77 | €13,853 | €13,476 | -€377 | -2.7% |
| Profit (loss) for the period | 9904 | €622,762 | €387,797 | -€234,965 | -37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €622,762 | €387,797 | -€234,965 | -37.7% |
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 10 October 2026 via checked.be.