HERGELA: 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.
HERGELA
Largest movements
- Receivables within one year -€66,495
no longer reported in 2025 (was €66,495)
- Tangible fixed assets +€44,190
up €44,190 (+6.2%), from €712,002 to €756,192
- Debts after one year -€31,335
down €31,335 (-4.6%), from €688,637 to €657,302
- Profit (loss) carried forward +€10,615
up €10,615 (+22.5%), from €47,209 to €57,824
- Gross operating margin +€27,180
up €27,180 (+62.3%), from €43,607 to €70,787
- Financial charges +€13,221
up €13,221 (+131%), from €10,086 to €23,307
- Depreciation +€10,969
up €10,969 (+48.9%), from €22,452 to €33,421
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 | €787,486 | €766,461 | -€21,025 | -2.7% |
| Fixed assets | 21/28 | €712,002 | €756,192 | +€44,190 | +6.2% |
| Tangible fixed assets | 22/27 | €712,002 | €756,192 | +€44,190 | +6.2% |
| Land and buildings | 22 | €712,002 | €756,192 | +€44,190 | +6.2% |
| Current assets | 29/58 | €75,484 | €10,269 | -€65,215 | -86.4% |
| Amounts receivable within one year | 40/41 | €66,495 | - | -€66,495 | |
| Other amounts receivable | 41 | €66,495 | - | -€66,495 | |
| Cash at bank and in hand | 54/58 | €8,988 | €10,269 | +€1,281 | +14.2% |
| Total equity and liabilities | 10/49 | €787,486 | €766,461 | -€21,025 | -2.7% |
| Equity | 10/15 | €67,209 | €77,824 | +€10,615 | +15.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,209 | €57,824 | +€10,615 | +22.5% |
| Amounts payable | 17/49 | €720,277 | €688,637 | -€31,640 | -4.4% |
| Amounts payable after more than one year | 17 | €688,637 | €657,302 | -€31,335 | -4.6% |
| Financial debts | 170/4 | €688,637 | €657,302 | -€31,335 | -4.6% |
| Amounts payable within one year | 42/48 | €31,640 | €31,335 | -€305 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €31,377 | €31,335 | -€42 | -0.1% |
| Trade debts | 44 | €263 | - | -€263 | |
| Suppliers | 440/4 | €263 | - | -€263 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,452 | €33,421 | +€10,969 | +48.9% |
| Other operating charges | 640/8 | €3,057 | €3,444 | +€387 | +12.7% |
| Gross operating margin | 9900 | €43,607 | €70,787 | +€27,180 | +62.3% |
| Operating profit (loss) | 9901 | €18,098 | €33,922 | +€15,824 | +87.4% |
| Financial charges | 65/66B | €10,086 | €23,307 | +€13,221 | +131% |
| Recurring financial charges | 65 | €10,086 | €23,307 | +€13,221 | +131% |
| Profit (loss) for the period before taxes | 9903 | €8,012 | €10,615 | +€2,603 | +32.5% |
| Profit (loss) for the period | 9904 | €8,012 | €10,615 | +€2,603 | +32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,012 | €10,615 | +€2,603 | +32.5% |
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 15 October 2026 via checked.be.