HERIBUS FARM: 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.
HERIBUS FARM
Largest movements
- Tangible fixed assets +€395,315
up €395,315 (+42.1%), from €939,433 to €1.3m
of which Land and buildings: +€397,243
- Receivables after one year -€44,787
down €44,787 (-6.1%), from €736,200 to €691,413
- Cash +€28,964
up €28,964 (+578%), from €5,012 to €33,976
mainly Debts after one year (+€434,813) and Depreciation (+€117,067)
- Debts after one year +€434,813
up €434,813 (+572%), from €76,031 to €510,844
of which Financial debts: +€439,868
- Reserves -€161,678
down €161,678 (-17.3%), from €933,133 to €771,454
of which Tax-exempt reserves: -€116,558
- Other debts +€59,623
new in 2025: €59,623
- Provisions -€38,853
down €38,853 (-14.4%), from €270,601 to €231,749
- Current portion of long-term debt +€31,135
up €31,135 (+267%), from €11,679 to €42,814
- Depreciation +€53,167
up €53,167 (+83.2%), from €63,900 to €117,067
- Other operating charges +€15,534
up €15,534 (+300%), from €5,171 to €20,706
- Financial charges +€9,542
up €9,542 (+89.6%), from €10,653 to €20,195
- Gross operating margin -€4,410
down €4,410 (-50.6%), from €8,722 to €4,312
- Financial income -€3,119
down €3,119 (-14.4%), from €21,720 to €18,601
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 | €1,724,113 | €2,083,968 | +€359,856 | +20.9% |
| Fixed assets | 21/28 | €939,433 | €1,335,247 | +€395,815 | +42.1% |
| Tangible fixed assets | 22/27 | €939,433 | €1,334,747 | +€395,315 | +42.1% |
| Land and buildings | 22 | €878,812 | €1,276,055 | +€397,243 | +45.2% |
| Plant, machinery and equipment | 23 | €55,972 | €54,973 | -€998 | -1.8% |
| Furniture and vehicles | 24 | €4,649 | €3,719 | -€930 | -20.0% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €784,680 | €748,721 | -€35,959 | -4.6% |
| Amounts receivable after more than one year | 29 | €736,200 | €691,413 | -€44,787 | -6.1% |
| Other amounts receivable | 291 | €736,200 | €691,413 | -€44,787 | -6.1% |
| Amounts receivable within one year | 40/41 | €43,468 | €23,332 | -€20,136 | -46.3% |
| Trade receivables | 40 | €13,695 | €356 | -€13,338 | -97.4% |
| Other amounts receivable | 41 | €29,773 | €22,976 | -€6,797 | -22.8% |
| Cash at bank and in hand | 54/58 | €5,012 | €33,976 | +€28,964 | +578% |
| Total equity and liabilities | 10/49 | €1,724,113 | €2,083,968 | +€359,856 | +20.9% |
| Equity | 10/15 | €1,217,603 | €1,055,924 | -€161,678 | -13.3% |
| Contributions | 10/11 | €209,470 | €209,470 | = | 0.0% |
| Capital | 10 | €209,470 | €209,470 | = | 0.0% |
| Issued capital | 100 | €209,470 | €209,470 | = | 0.0% |
| Reserves | 13 | €933,133 | €771,454 | -€161,678 | -17.3% |
| Non-distributable reserves | 130/1 | €8,237 | €8,962 | +€725 | +8.8% |
| Legal reserve | 130 | €8,237 | €8,962 | +€725 | +8.8% |
| Tax-exempt reserves | 132 | €811,804 | €695,246 | -€116,558 | -14.4% |
| Distributable reserves | 133 | €113,092 | €67,246 | -€45,845 | -40.5% |
| Profit (loss) carried forward | 14 | €75,000 | €75,000 | = | 0.0% |
| Provisions and deferred taxes | 16 | €270,601 | €231,749 | -€38,853 | -14.4% |
| Deferred taxes | 168 | €270,601 | €231,749 | -€38,853 | -14.4% |
| Amounts payable | 17/49 | €235,909 | €796,296 | +€560,387 | +238% |
| Amounts payable after more than one year | 17 | €76,031 | €510,844 | +€434,813 | +572% |
| Financial debts | 170/4 | €64,294 | €504,162 | +€439,868 | +684% |
| Other amounts payable | 178/9 | €11,737 | €6,682 | -€5,055 | -43.1% |
| Amounts payable within one year | 42/48 | €159,877 | €285,451 | +€125,574 | +78.5% |
| Current portion of amounts payable after more than one year | 42 | €11,679 | €42,814 | +€31,135 | +267% |
| Financial debts | 43 | €124,565 | €150,000 | +€25,435 | +20.4% |
| Credit institutions | 430/8 | €124,565 | €150,000 | +€25,435 | +20.4% |
| Trade debts | 44 | €16,926 | €27,690 | +€10,764 | +63.6% |
| Suppliers | 440/4 | €12,824 | €23,589 | +€10,764 | +83.9% |
| Bills of exchange payable | 441 | €4,102 | €4,102 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,707 | €5,323 | -€1,384 | -20.6% |
| Taxes | 450/3 | €6,707 | €5,323 | -€1,384 | -20.6% |
| Other amounts payable | 47/48 | - | €59,623 | +€59,623 | |
| Non-recurring operating income | 76A | - | €33,085 | +€33,085 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,900 | €117,067 | +€53,167 | +83.2% |
| Other operating charges | 640/8 | €5,171 | €20,706 | +€15,534 | +300% |
| Gross operating margin | 9900 | €8,722 | €4,312 | -€4,410 | -50.6% |
| Operating profit (loss) | 9901 | -€60,349 | -€133,461 | -€73,112 | -121% |
| Financial income | 75/76B | €21,720 | €18,601 | -€3,119 | -14.4% |
| Recurring financial income | 75 | €21,720 | €18,601 | -€3,119 | -14.4% |
| Financial charges | 65/66B | €10,653 | €20,195 | +€9,542 | +89.6% |
| Recurring financial charges | 65 | €10,653 | €20,195 | +€9,542 | +89.6% |
| Profit (loss) for the period before taxes | 9903 | -€49,282 | -€135,055 | -€85,773 | -174% |
| Transfer from deferred taxes | 780 | €17,603 | €38,853 | +€21,250 | +121% |
| Income taxes | 67/77 | €7,096 | €5,852 | -€1,244 | -17.5% |
| Profit (loss) for the period | 9904 | -€38,776 | -€102,055 | -€63,279 | -163% |
| Transfer from tax-exempt reserves | 789 | €52,808 | €116,558 | +€63,750 | +121% |
| Profit (loss) for the period to be appropriated | 9905 | €14,033 | €14,504 | +€471 | +3.4% |
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 27 October 2026 via checked.be.