HERICOURT: 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.
HERICOURT
Largest movements
- Cash +€48,189
up €48,189 (+32.4%), from €148,938 to €197,127
mainly Net result for the year (+€48,459) and Depreciation (+€22,368)
- Tangible fixed assets -€22,368
down €22,368 (-6.8%), from €329,636 to €307,268
- Receivables within one year +€8,828
new in 2025: €8,828
- Reserves +€48,400
up €48,400 (+27.0%), from €179,431 to €227,831
of which Distributable reserves: +€48,400
- Debts after one year -€10,000
down €10,000 (-20.9%), from €47,914 to €37,914
- Gross operating margin +€4,449
up €4,449 (+4.8%), from €92,516 to €96,965
- Financial income +€3,000
up €3,000 (+266.7%), from €1,125 to €4,125
- Taxes +€1,766
up €1,766 (+8.7%), from €20,339 to €22,105
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 | €578,574 | €613,223 | +€34,649 | +6.0% |
| Fixed assets | 21/28 | €329,636 | €307,268 | -€22,368 | -6.8% |
| Tangible fixed assets | 22/27 | €329,636 | €307,268 | -€22,368 | -6.8% |
| Land and buildings | 22 | €329,636 | €307,268 | -€22,368 | -6.8% |
| Current assets | 29/58 | €248,938 | €305,955 | +€57,017 | +22.9% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €8,828 | +€8,828 | |
| Trade receivables | 40 | - | €8,828 | +€8,828 | |
| Cash at bank and in hand | 54/58 | €148,938 | €197,127 | +€48,189 | +32.4% |
| Total equity and liabilities | 10/49 | €578,574 | €613,223 | +€34,649 | +6.0% |
| Equity | 10/15 | €514,278 | €562,736 | +€48,459 | +9.4% |
| Contributions | 10/11 | €302,000 | €302,000 | = | 0.0% |
| Capital | 10 | €302,000 | €302,000 | = | 0.0% |
| Issued capital | 100 | €302,000 | €302,000 | = | 0.0% |
| Reserves | 13 | €179,431 | €227,831 | +€48,400 | +27.0% |
| Non-distributable reserves | 130/1 | €31,631 | €31,631 | = | 0.0% |
| Legal reserve | 130 | €31,631 | €31,631 | = | 0.0% |
| Distributable reserves | 133 | €147,800 | €196,200 | +€48,400 | +32.7% |
| Profit (loss) carried forward | 14 | €32,846 | €32,905 | +€59 | +0.2% |
| Amounts payable | 17/49 | €64,296 | €50,487 | -€13,810 | -21.5% |
| Amounts payable after more than one year | 17 | €47,914 | €37,914 | -€10,000 | -20.9% |
| Other amounts payable | 178/9 | €47,914 | €37,914 | -€10,000 | -20.9% |
| Amounts payable within one year | 42/48 | €14,466 | €11,039 | -€3,426 | -23.7% |
| Trade debts | 44 | €3,914 | €3,961 | +€47 | +1.2% |
| Suppliers | 440/4 | €3,914 | €3,961 | +€47 | +1.2% |
| Taxes, remuneration and social security | 45 | €7,295 | €2,480 | -€4,815 | -66.0% |
| Taxes | 450/3 | €7,295 | €2,480 | -€4,815 | -66.0% |
| Other amounts payable | 47/48 | €3,257 | €4,599 | +€1,342 | +41.2% |
| Accrued charges and deferred income | 492/3 | €1,917 | €1,533 | -€383 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,368 | €22,368 | = | 0.0% |
| Other operating charges | 640/8 | €6,390 | €6,580 | +€190 | +3.0% |
| Gross operating margin | 9900 | €92,516 | €96,965 | +€4,449 | +4.8% |
| Operating profit (loss) | 9901 | €63,758 | €68,017 | +€4,259 | +6.7% |
| Financial income | 75/76B | €1,125 | €4,125 | +€3,000 | +266.7% |
| Recurring financial income | 75 | €1,125 | €4,125 | +€3,000 | +266.7% |
| Financial charges | 65/66B | €2,004 | €1,578 | -€426 | -21.2% |
| Recurring financial charges | 65 | €2,004 | €1,578 | -€426 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €62,879 | €70,564 | +€7,684 | +12.2% |
| Income taxes | 67/77 | €20,339 | €22,105 | +€1,766 | +8.7% |
| Profit (loss) for the period | 9904 | €42,540 | €48,459 | +€5,919 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,540 | €48,459 | +€5,919 | +13.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.