Hergon: 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.
Hergon
Largest movements
- Tangible fixed assets -€35,105
down €35,105 (-28.1%), from €124,868 to €89,763
of which Furniture and vehicles: -€19,581
- Profit (loss) carried forward -€84,146
down €84,146 (-53.4%), from -€157,584 to -€241,730
- Other debts +€29,591
up €29,591 (+30.5%), from €96,870 to €126,461
- Short-term financial debts +€15,713
up €15,713 (+104%), from €15,068 to €30,780
- Tax, wage and social debts +€5,591
up €5,591 (+56.6%), from €9,884 to €15,475
of which Remuneration and social security: +€3,124
- Trade debts -€2,306
down €2,306 (-84.1%), from €2,743 to €437
- Staff costs +€30,311
up €30,311 (+365%), from €8,302 to €38,612
- Depreciation -€9,465
down €9,465 (-18.7%), from €50,494 to €41,028
- Gross operating margin +€8,751
up €8,751, from -€8,018 to €733
- Financial charges +€654
up €654 (+25.5%), from €2,565 to €3,220
- Other operating charges -€287
down €287 (-12.5%), from €2,306 to €2,019
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,294 | €98,399 | -€34,894 | -26.2% |
| Fixed assets | 21/28 | €124,868 | €89,763 | -€35,105 | -28.1% |
| Tangible fixed assets | 22/27 | €124,868 | €89,763 | -€35,105 | -28.1% |
| Plant, machinery and equipment | 23 | €51,493 | €35,969 | -€15,524 | -30.1% |
| Furniture and vehicles | 24 | €73,375 | €53,794 | -€19,581 | -26.7% |
| Current assets | 29/58 | €8,426 | €8,636 | +€211 | +2.5% |
| Amounts receivable within one year | 40/41 | €7,576 | €8,022 | +€447 | +5.9% |
| Trade receivables | 40 | €7,260 | €8,022 | +€762 | +10.5% |
| Other amounts receivable | 41 | €316 | €0 | -€316 | -100% |
| Deferred charges and accrued income | 490/1 | €850 | €614 | -€236 | -27.8% |
| Total equity and liabilities | 10/49 | €133,294 | €98,399 | -€34,894 | -26.2% |
| Equity | 10/15 | €7,416 | -€76,730 | -€84,146 | |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€157,584 | -€241,730 | -€84,146 | -53.4% |
| Amounts payable | 17/49 | €125,878 | €175,129 | +€49,252 | +39.1% |
| Amounts payable within one year | 42/48 | €124,565 | €173,153 | +€48,588 | +39.0% |
| Financial debts | 43 | €15,068 | €30,780 | +€15,713 | +104% |
| Credit institutions | 430/8 | €15,068 | €30,780 | +€15,713 | +104% |
| Trade debts | 44 | €2,743 | €437 | -€2,306 | -84.1% |
| Suppliers | 440/4 | €2,743 | €437 | -€2,306 | -84.1% |
| Taxes, remuneration and social security | 45 | €9,884 | €15,475 | +€5,591 | +56.6% |
| Taxes | 450/3 | €4,234 | €6,701 | +€2,467 | +58.3% |
| Remuneration and social security | 454/9 | €5,651 | €8,774 | +€3,124 | +55.3% |
| Other amounts payable | 47/48 | €96,870 | €126,461 | +€29,591 | +30.5% |
| Accrued charges and deferred income | 492/3 | €1,313 | €1,976 | +€663 | +50.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €8,302 | €38,612 | +€30,311 | +365% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,494 | €41,028 | -€9,465 | -18.7% |
| Other operating charges | 640/8 | €2,306 | €2,019 | -€287 | -12.5% |
| Gross operating margin | 9900 | -€8,018 | €733 | +€8,751 | |
| Operating profit (loss) | 9901 | -€69,119 | -€80,926 | -€11,807 | -17.1% |
| Financial income | 75/76B | €67 | €0 | -€67 | -100% |
| Recurring financial income | 75 | €67 | €0 | -€67 | -100% |
| Financial charges | 65/66B | €2,565 | €3,220 | +€654 | +25.5% |
| Recurring financial charges | 65 | €2,565 | €3,220 | +€654 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | -€71,617 | -€84,146 | -€12,529 | -17.5% |
| Profit (loss) for the period | 9904 | -€71,617 | -€84,146 | -€12,529 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,617 | -€84,146 | -€12,529 | -17.5% |
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 16 October 2026 via checked.be.