HERIC: what changed
Two fiscal 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.
HERIC
Largest movements
- Cash -€66,131
down €66,131 (-25.9%), from €255,427 to €189,297
mainly Contributions, distributions and other (-€48,400) and Investment in fixed assets (net) (-€45,219)
- Tangible fixed assets +€37,046
up €37,046 (+519.7%), from €7,128 to €44,174
of which Furniture and vehicles: +€33,102
- Current investments +€25,787
up €25,787 (+32.9%), from €78,348 to €104,135
- Tax, wage and social debts -€11,106
down €11,106 (-60.7%), from €18,297 to €7,191
- Reserves +€4,779
up €4,779 (+1.3%), from €359,150 to €363,930
- Gross operating margin -€23,926
down €23,926 (-23.3%), from €102,863 to €78,937
- Taxes -€6,417
down €6,417 (-24.2%), from €26,519 to €20,102
- Financial income -€5,868
down €5,868 (-60.0%), from €9,784 to €3,916
- Financial charges -€5,077
down €5,077 (-97.6%), from €5,200 to €124
- Depreciation +€4,031
up €4,031 (+97.3%), from €4,142 to €8,173
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 | €388,082 | €382,154 | -€5,928 | -1.5% |
| Fixed assets | 21/28 | €32,128 | €69,174 | +€37,046 | +115.3% |
| Tangible fixed assets | 22/27 | €7,128 | €44,174 | +€37,046 | +519.7% |
| Furniture and vehicles | 24 | €7,128 | €40,231 | +€33,102 | +464.4% |
| Other tangible fixed assets | 26 | - | €3,944 | +€3,944 | |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €355,954 | €312,980 | -€42,974 | -12.1% |
| Amounts receivable within one year | 40/41 | €21,521 | €19,067 | -€2,455 | -11.4% |
| Trade receivables | 40 | €21,521 | €14,586 | -€6,935 | -32.2% |
| Other amounts receivable | 41 | - | €4,480 | +€4,480 | |
| Current investments | 50/53 | €78,348 | €104,135 | +€25,787 | +32.9% |
| Cash at bank and in hand | 54/58 | €255,427 | €189,297 | -€66,131 | -25.9% |
| Deferred charges and accrued income | 490/1 | €657 | €482 | -€175 | -26.6% |
| Total equity and liabilities | 10/49 | €388,082 | €382,154 | -€5,928 | -1.5% |
| Equity | 10/15 | €365,350 | €370,130 | +€4,779 | +1.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €359,150 | €363,930 | +€4,779 | +1.3% |
| Distributable reserves | 133 | €359,150 | €363,930 | +€4,779 | +1.3% |
| Amounts payable | 17/49 | €22,732 | €12,025 | -€10,707 | -47.1% |
| Amounts payable within one year | 42/48 | €20,982 | €10,275 | -€10,707 | -51.0% |
| Trade debts | 44 | €1,195 | €3,084 | +€1,889 | +158.1% |
| Suppliers | 440/4 | €1,195 | €3,084 | +€1,889 | +158.1% |
| Taxes, remuneration and social security | 45 | €18,297 | €7,191 | -€11,106 | -60.7% |
| Taxes | 450/3 | €18,297 | €7,191 | -€11,106 | -60.7% |
| Other amounts payable | 47/48 | €1,490 | - | -€1,490 | |
| Accrued charges and deferred income | 492/3 | €1,750 | €1,750 | = | 0.0% |
| Non-recurring operating income | 76A | - | €2,479 | +€2,479 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,142 | €8,173 | +€4,031 | +97.3% |
| Other operating charges | 640/8 | €1,259 | €1,041 | -€218 | -17.3% |
| Non-recurring operating charges | 66A | €778 | €234 | -€544 | -69.9% |
| Gross operating margin | 9900 | €102,863 | €78,937 | -€23,926 | -23.3% |
| Operating profit (loss) | 9901 | €96,684 | €69,489 | -€27,196 | -28.1% |
| Financial income | 75/76B | €9,784 | €3,916 | -€5,868 | -60.0% |
| Recurring financial income | 75 | €9,784 | €3,916 | -€5,868 | -60.0% |
| Financial charges | 65/66B | €5,200 | €124 | -€5,077 | -97.6% |
| Recurring financial charges | 65 | €5,200 | €124 | -€5,077 | -97.6% |
| Profit (loss) for the period before taxes | 9903 | €101,269 | €73,281 | -€27,987 | -27.6% |
| Income taxes | 67/77 | €26,519 | €20,102 | -€6,417 | -24.2% |
| Profit (loss) for the period | 9904 | €74,750 | €53,179 | -€21,570 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €74,750 | €53,179 | -€21,570 | -28.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.