HERGHOSAN: what changed
HERGHOSAN
Largest movements
- Receivables within one year -€19,656
down €19,656 (-23.6%), from €83,242 to €63,586
of which Other amounts receivable: -€16,620
- Tangible fixed assets -€14,112
down €14,112 (-45.9%), from €30,768 to €16,656
of which Furniture and vehicles: -€13,341
- Deferred charges and accrued income +€3,359
up €3,359 (+70.0%), from €4,799 to €8,158
- Other debts +€38,953
up €38,953 (+35.7%), from €109,238 to €148,191
- Debts after one year -€36,575
down €36,575 (-66.5%), from €54,994 to €18,420
- Profit (loss) carried forward -€34,202
down €34,202 (-40.2%), from -€85,164 to -€119,367
- Tax, wage and social debts +€2,583
up €2,583 (+26.0%), from €9,917 to €12,500
of which Remuneration and social security: +€4,750
- Gross operating margin +€5,607
up €5,607 (+73.2%), from -€7,665 to -€2,058
- Depreciation +€1,449
up €1,449 (+7.3%), from €19,886 to €21,334
- Financial charges -€628
down €628 (-26.3%), from €2,385 to €1,757
- Provisions -€379
no longer reported in 2025 (was €379)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,575 | €119,713 | -€29,862 | -20.0% |
| Fixed assets | 21/28 | €30,768 | €16,656 | -€14,112 | -45.9% |
| Tangible fixed assets | 22/27 | €30,768 | €16,656 | -€14,112 | -45.9% |
| Land and buildings | 22 | €2,017 | €1,246 | -€771 | -38.2% |
| Furniture and vehicles | 24 | €28,751 | €15,409 | -€13,341 | -46.4% |
| Current assets | 29/58 | €118,807 | €103,057 | -€15,750 | -13.3% |
| Amounts receivable within one year | 40/41 | €83,242 | €63,586 | -€19,656 | -23.6% |
| Trade receivables | 40 | €4,716 | €1,680 | -€3,036 | -64.4% |
| Other amounts receivable | 41 | €78,526 | €61,906 | -€16,620 | -21.2% |
| Cash at bank and in hand | 54/58 | €30,766 | €31,313 | +€548 | +1.8% |
| Deferred charges and accrued income | 490/1 | €4,799 | €8,158 | +€3,359 | +70.0% |
| Total equity and liabilities | 10/49 | €149,575 | €119,713 | -€29,862 | -20.0% |
| Equity | 10/15 | -€70,904 | -€105,107 | -€34,202 | -48.2% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,164 | -€119,367 | -€34,202 | -40.2% |
| Amounts payable | 17/49 | €220,479 | €224,820 | +€4,340 | +2.0% |
| Amounts payable after more than one year | 17 | €54,994 | €18,420 | -€36,575 | -66.5% |
| Financial debts | 170/4 | €54,994 | €18,420 | -€36,575 | -66.5% |
| Amounts payable within one year | 42/48 | €162,404 | €203,320 | +€40,916 | +25.2% |
| Current portion of amounts payable after more than one year | 42 | €36,225 | €36,575 | +€349 | +1.0% |
| Trade debts | 44 | €7,024 | €6,055 | -€969 | -13.8% |
| Suppliers | 440/4 | €7,024 | €6,055 | -€969 | -13.8% |
| Taxes, remuneration and social security | 45 | €9,917 | €12,500 | +€2,583 | +26.0% |
| Taxes | 450/3 | €9,917 | €7,750 | -€2,167 | -21.9% |
| Remuneration and social security | 454/9 | - | €4,750 | +€4,750 | |
| Other amounts payable | 47/48 | €109,238 | €148,191 | +€38,953 | +35.7% |
| Accrued charges and deferred income | 492/3 | €3,081 | €3,080 | -€1 | 0.0% |
| Non-recurring operating income | 76A | €1 | - | -€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,886 | €21,334 | +€1,449 | +7.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €379 | - | -€379 | |
| Other operating charges | 640/8 | €786 | €816 | +€30 | +3.8% |
| Gross operating margin | 9900 | -€7,665 | -€2,058 | +€5,607 | +73.2% |
| Operating profit (loss) | 9901 | -€28,716 | -€24,209 | +€4,507 | +15.7% |
| Financial income | 75/76B | €1 | €1 | -€1 | -44.6% |
| Recurring financial income | 75 | €1 | €1 | -€1 | -44.6% |
| Financial charges | 65/66B | €2,385 | €1,757 | -€628 | -26.3% |
| Recurring financial charges | 65 | €2,385 | €1,757 | -€628 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | -€31,100 | -€25,965 | +€5,135 | +16.5% |
| Income taxes | 67/77 | €387 | €381 | -€5 | -1.4% |
| Profit (loss) for the period | 9904 | -€31,486 | -€26,346 | +€5,140 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,486 | -€26,346 | +€5,140 | +16.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.