HERION: 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.
HERION
Largest movements
- Stocks and contracts +€67,182
up €67,182 (+29.0%), from €231,785 to €298,967
- Receivables within one year -€44,482
down €44,482 (-5.6%), from €787,432 to €742,950
of which Trade receivables: -€82,077
- Cash +€35,213
new in 2025: €35,213
mainly Net result for the year (+€98,439) and Receivables within one year (+€44,482)
- Reserves +€98,439
up €98,439 (+11.5%), from €856,324 to €954,762
of which Distributable reserves: +€98,439
- Other debts -€46,830
no longer reported in 2025 (was €46,830)
- Tax, wage and social debts +€23,206
up €23,206 (+19.6%), from €118,169 to €141,375
of which Taxes: +€18,333
- Trade debts -€19,232
down €19,232 (-19.9%), from €96,630 to €77,397
- Gross operating margin +€131,460
up €131,460 (+40.9%), from €321,289 to €452,749
- Other operating charges +€59,559
up €59,559 (+192.8%), from €30,900 to €90,459
- Staff costs +€51,842
up €51,842 (+39.5%), from €131,406 to €183,248
- Taxes +€28,575
up €28,575 (+65.0%), from €43,938 to €72,514
- Financial charges -€6,774
down €6,774 (-39.9%), from €16,978 to €10,204
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 | €1,060,382 | €1,113,778 | +€53,396 | +5.0% |
| Fixed assets | 21/28 | €41,092 | €34,492 | -€6,600 | -16.1% |
| Tangible fixed assets | 22/27 | €26,126 | €19,526 | -€6,600 | -25.3% |
| Plant, machinery and equipment | 23 | €1,906 | €971 | -€935 | -49.1% |
| Furniture and vehicles | 24 | €24,220 | €18,555 | -€5,665 | -23.4% |
| Financial fixed assets | 28 | €14,966 | €14,966 | = | 0.0% |
| Current assets | 29/58 | €1,019,290 | €1,079,286 | +€59,996 | +5.9% |
| Stocks and contracts in progress | 3 | €231,785 | €298,967 | +€67,182 | +29.0% |
| Stocks | 30/36 | €231,785 | €298,967 | +€67,182 | +29.0% |
| Amounts receivable within one year | 40/41 | €787,432 | €742,950 | -€44,482 | -5.6% |
| Trade receivables | 40 | €786,122 | €704,046 | -€82,077 | -10.4% |
| Other amounts receivable | 41 | €1,309 | €38,904 | +€37,595 | +2871.4% |
| Cash at bank and in hand | 54/58 | - | €35,213 | +€35,213 | |
| Deferred charges and accrued income | 490/1 | €74 | €2,157 | +€2,083 | +2823.4% |
| Total equity and liabilities | 10/49 | €1,060,382 | €1,113,778 | +€53,396 | +5.0% |
| Equity | 10/15 | €790,165 | €888,604 | +€98,439 | +12.5% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €856,324 | €954,762 | +€98,439 | +11.5% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €837,574 | €936,012 | +€98,439 | +11.8% |
| Profit (loss) carried forward | 14 | -€103,342 | -€103,342 | = | 0.0% |
| Amounts payable | 17/49 | €270,217 | €225,174 | -€45,043 | -16.7% |
| Amounts payable within one year | 42/48 | €270,217 | €225,174 | -€45,043 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €6,316 | €6,401 | +€86 | +1.4% |
| Financial debts | 43 | €2,273 | - | -€2,273 | |
| Credit institutions | 430/8 | €2,273 | - | -€2,273 | |
| Trade debts | 44 | €96,630 | €77,397 | -€19,232 | -19.9% |
| Suppliers | 440/4 | €96,630 | €77,397 | -€19,232 | -19.9% |
| Taxes, remuneration and social security | 45 | €118,169 | €141,375 | +€23,206 | +19.6% |
| Taxes | 450/3 | €98,322 | €116,655 | +€18,333 | +18.6% |
| Remuneration and social security | 454/9 | €19,847 | €24,720 | +€4,873 | +24.6% |
| Other amounts payable | 47/48 | €46,830 | - | -€46,830 | |
| Remuneration, social security and pensions | 62 | €131,406 | €183,248 | +€51,842 | +39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,993 | €6,600 | +€1,607 | +32.2% |
| Other operating charges | 640/8 | €30,900 | €90,459 | +€59,559 | +192.8% |
| Gross operating margin | 9900 | €321,289 | €452,749 | +€131,460 | +40.9% |
| Operating profit (loss) | 9901 | €153,990 | €172,442 | +€18,452 | +12.0% |
| Financial income | 75/76B | €3,593 | €8,715 | +€5,122 | +142.6% |
| Recurring financial income | 75 | €3,593 | €8,715 | +€5,122 | +142.6% |
| Financial charges | 65/66B | €16,978 | €10,204 | -€6,774 | -39.9% |
| Recurring financial charges | 65 | €16,978 | €10,204 | -€6,774 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | €140,605 | €170,952 | +€30,348 | +21.6% |
| Income taxes | 67/77 | €43,938 | €72,514 | +€28,575 | +65.0% |
| Profit (loss) for the period | 9904 | €96,666 | €98,439 | +€1,772 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €96,666 | €98,439 | +€1,772 | +1.8% |
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 6 October 2026 via checked.be.