HERIO: 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.
HERIO
Largest movements
- Tangible fixed assets -€19,005
down €19,005 (-32.0%), from €59,333 to €40,328
of which Leasing and similar rights: -€11,641
- Cash +€4,901
up €4,901 (+241.8%), from €2,027 to €6,928
mainly Depreciation (+€20,269) and Net result for the year (+€3,337)
- Debts after one year -€9,892
down €9,892 (-32.0%), from €30,955 to €21,063
- Profit (loss) carried forward +€3,337
up €3,337 (+11.3%), from €29,574 to €32,912
- Tax, wage and social debts -€3,232
down €3,232 (-43.2%), from €7,486 to €4,254
- Current portion of long-term debt -€2,859
down €2,859 (-23.8%), from €12,006 to €9,147
- Trade debts -€1,311
down €1,311 (-53.5%), from €2,452 to €1,140
- Gross operating margin +€3,312
up €3,312 (+13.1%), from €25,349 to €28,661
- Financial charges -€1,096
down €1,096 (-41.3%), from €2,652 to €1,556
- Taxes +€571
up €571 (+39.0%), from €1,464 to €2,034
- Depreciation +€554
up €554 (+2.8%), from €19,715 to €20,269
- Other operating charges +€502
up €502 (+52.1%), from €962 to €1,464
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 | €84,973 | €71,016 | -€13,957 | -16.4% |
| Formation expenses | 20 | €468 | €229 | -€239 | -51.0% |
| Fixed assets | 21/28 | €59,333 | €40,328 | -€19,005 | -32.0% |
| Tangible fixed assets | 22/27 | €59,333 | €40,328 | -€19,005 | -32.0% |
| Plant, machinery and equipment | 23 | €3,292 | €2,702 | -€590 | -17.9% |
| Furniture and vehicles | 24 | €15,536 | €8,762 | -€6,775 | -43.6% |
| Leasing and similar rights | 25 | €40,505 | €28,864 | -€11,641 | -28.7% |
| Current assets | 29/58 | €25,172 | €30,459 | +€5,288 | +21.0% |
| Amounts receivable within one year | 40/41 | €21,639 | €22,051 | +€413 | +1.9% |
| Trade receivables | 40 | €4,056 | €8,448 | +€4,392 | +108.3% |
| Other amounts receivable | 41 | €17,583 | €13,604 | -€3,979 | -22.6% |
| Cash at bank and in hand | 54/58 | €2,027 | €6,928 | +€4,901 | +241.8% |
| Deferred charges and accrued income | 490/1 | €1,506 | €1,480 | -€26 | -1.7% |
| Total equity and liabilities | 10/49 | €84,973 | €71,016 | -€13,957 | -16.4% |
| Equity | 10/15 | €32,074 | €35,412 | +€3,337 | +10.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,574 | €32,912 | +€3,337 | +11.3% |
| Amounts payable | 17/49 | €52,898 | €35,604 | -€17,294 | -32.7% |
| Amounts payable after more than one year | 17 | €30,955 | €21,063 | -€9,892 | -32.0% |
| Financial debts | 170/4 | €30,955 | €21,063 | -€9,892 | -32.0% |
| Amounts payable within one year | 42/48 | €21,944 | €14,541 | -€7,402 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €12,006 | €9,147 | -€2,859 | -23.8% |
| Trade debts | 44 | €2,452 | €1,140 | -€1,311 | -53.5% |
| Suppliers | 440/4 | €2,452 | €1,140 | -€1,311 | -53.5% |
| Taxes, remuneration and social security | 45 | €7,486 | €4,254 | -€3,232 | -43.2% |
| Taxes | 450/3 | €7,486 | €4,254 | -€3,232 | -43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,715 | €20,269 | +€554 | +2.8% |
| Other operating charges | 640/8 | €962 | €1,464 | +€502 | +52.1% |
| Gross operating margin | 9900 | €25,349 | €28,661 | +€3,312 | +13.1% |
| Operating profit (loss) | 9901 | €4,671 | €6,927 | +€2,256 | +48.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,652 | €1,556 | -€1,096 | -41.3% |
| Recurring financial charges | 65 | €2,652 | €1,556 | -€1,096 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €2,019 | €5,371 | +€3,352 | +166.0% |
| Income taxes | 67/77 | €1,464 | €2,034 | +€571 | +39.0% |
| Profit (loss) for the period | 9904 | €556 | €3,337 | +€2,781 | +500.4% |
| Profit (loss) for the period to be appropriated | 9905 | €556 | €3,337 | +€2,781 | +500.4% |
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.