HERIFRI: 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.
HERIFRI
Largest movements
- Receivables within one year +€87,442
up €87,442 (+686.8%), from €12,731 to €100,174
of which Trade receivables: +€82,755
- Cash +€86,677
up €86,677 (+43.3%), from €200,271 to €286,948
mainly Trade debts (+€95,773) and Net result for the year (+€43,224)
- Tangible fixed assets -€31,661
down €31,661 (-26.5%), from €119,338 to €87,677
- Deferred charges and accrued income -€9,907
no longer reported in 2024 (was €9,907)
- Trade debts +€95,773
up €95,773 (+632.9%), from €15,133 to €110,906
- Profit (loss) carried forward +€43,224
up €43,224 (+25.7%), from €168,319 to €211,543
- Debts after one year -€14,286
down €14,286 (-42.9%), from €33,333 to €19,047
- Tax, wage and social debts +€8,492
up €8,492 (+37.5%), from €22,642 to €31,134
of which Remuneration and social security: +€6,240
- Taxes -€16,169
down €16,169 (-58.0%), from €27,869 to €11,700
- Staff costs +€10,090
up €10,090 (+21.5%), from €46,938 to €57,028
- Gross operating margin -€3,035
down €3,035 (-2.0%), from €150,715 to €147,680
- Depreciation +€1,830
up €1,830 (+5.9%), from €31,138 to €32,969
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €343,898 | €477,635 | +€133,736 | +38.9% |
| Fixed assets | 21/28 | €119,338 | €89,163 | -€30,176 | -25.3% |
| Intangible fixed assets | 21 | - | €1,486 | +€1,486 | |
| Tangible fixed assets | 22/27 | €119,338 | €87,677 | -€31,661 | -26.5% |
| Plant, machinery and equipment | 23 | €46,034 | €33,461 | -€12,573 | -27.3% |
| Furniture and vehicles | 24 | €51,474 | €36,067 | -€15,407 | -29.9% |
| Other tangible fixed assets | 26 | €21,830 | €18,149 | -€3,682 | -16.9% |
| Current assets | 29/58 | €224,560 | €388,472 | +€163,912 | +73.0% |
| Stocks and contracts in progress | 3 | €1,650 | €1,350 | -€300 | -18.2% |
| Stocks | 30/36 | €1,650 | €1,350 | -€300 | -18.2% |
| Amounts receivable within one year | 40/41 | €12,731 | €100,174 | +€87,442 | +686.8% |
| Trade receivables | 40 | €12,731 | €95,486 | +€82,755 | +650.0% |
| Other amounts receivable | 41 | - | €4,687 | +€4,687 | |
| Cash at bank and in hand | 54/58 | €200,271 | €286,948 | +€86,677 | +43.3% |
| Deferred charges and accrued income | 490/1 | €9,907 | - | -€9,907 | |
| Total equity and liabilities | 10/49 | €343,898 | €477,635 | +€133,736 | +38.9% |
| Equity | 10/15 | €254,651 | €297,875 | +€43,224 | +17.0% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €64,331 | €64,331 | = | 0.0% |
| Distributable reserves | 133 | €64,331 | €64,331 | = | 0.0% |
| Profit (loss) carried forward | 14 | €168,319 | €211,543 | +€43,224 | +25.7% |
| Amounts payable | 17/49 | €89,247 | €179,760 | +€90,513 | +101.4% |
| Amounts payable after more than one year | 17 | €33,333 | €19,047 | -€14,286 | -42.9% |
| Financial debts | 170/4 | €33,333 | €19,047 | -€14,286 | -42.9% |
| Amounts payable within one year | 42/48 | €54,343 | €160,712 | +€106,369 | +195.7% |
| Current portion of amounts payable after more than one year | 42 | €14,286 | €14,286 | = | 0.0% |
| Trade debts | 44 | €15,133 | €110,906 | +€95,773 | +632.9% |
| Suppliers | 440/4 | €15,133 | €110,906 | +€95,773 | +632.9% |
| Advances received on contracts in progress | 46 | - | €24 | +€24 | |
| Taxes, remuneration and social security | 45 | €22,642 | €31,134 | +€8,492 | +37.5% |
| Taxes | 450/3 | €14,541 | €16,793 | +€2,252 | +15.5% |
| Remuneration and social security | 454/9 | €8,101 | €14,342 | +€6,240 | +77.0% |
| Other amounts payable | 47/48 | €2,282 | €4,362 | +€2,080 | +91.2% |
| Accrued charges and deferred income | 492/3 | €1,571 | - | -€1,571 | |
| Remuneration, social security and pensions | 62 | €46,938 | €57,028 | +€10,090 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,138 | €32,969 | +€1,830 | +5.9% |
| Other operating charges | 640/8 | €62 | €988 | +€926 | +1493.5% |
| Gross operating margin | 9900 | €150,715 | €147,680 | -€3,035 | -2.0% |
| Operating profit (loss) | 9901 | €72,577 | €56,695 | -€15,882 | -21.9% |
| Financial income | 75/76B | €186 | €36 | -€150 | -80.6% |
| Recurring financial income | 75 | €186 | €36 | -€150 | -80.6% |
| Financial charges | 65/66B | €3,271 | €1,808 | -€1,463 | -44.7% |
| Recurring financial charges | 65 | €3,271 | €1,808 | -€1,463 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | €69,492 | €54,924 | -€14,568 | -21.0% |
| Income taxes | 67/77 | €27,869 | €11,700 | -€16,169 | -58.0% |
| Profit (loss) for the period | 9904 | €41,623 | €43,224 | +€1,601 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,623 | €43,224 | +€1,601 | +3.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.