HERISEM: 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.
HERISEM
Largest movements
- Stocks and contracts +€10,462
up €10,462 (+36.9%), from €28,343 to €38,805
- Cash +€8,606
up €8,606 (+667.3%), from €1,290 to €9,896
mainly Net result for the year (+€9,013) and Receivables within one year (+€6,404)
- Receivables within one year -€6,404
down €6,404 (-17.0%), from €37,709 to €31,305
of which Other amounts receivable: -€13,300
- Profit (loss) carried forward +€9,013
up €9,013 (+3.9%), from -€230,408 to -€221,395
- Trade debts +€1,759
up €1,759 (+189.1%), from €930 to €2,689
- Other debts +€1,525
up €1,525 (+1.4%), from €111,864 to €113,389
- Gross operating margin +€9,148
up €9,148 (+1113.5%), from €822 to €9,970
- Taxes -€2,869
down €2,869 (-100.0%), from €2,869 to €0
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 | €69,386 | €81,683 | +€12,297 | +17.7% |
| Fixed assets | 21/28 | €1,969 | €1,602 | -€367 | -18.7% |
| Tangible fixed assets | 22/27 | €1,969 | €1,602 | -€367 | -18.7% |
| Land and buildings | 22 | €1,969 | €1,602 | -€367 | -18.7% |
| Current assets | 29/58 | €67,417 | €80,081 | +€12,664 | +18.8% |
| Stocks and contracts in progress | 3 | €28,343 | €38,805 | +€10,462 | +36.9% |
| Stocks | 30/36 | €28,343 | €38,805 | +€10,462 | +36.9% |
| Amounts receivable within one year | 40/41 | €37,709 | €31,305 | -€6,404 | -17.0% |
| Trade receivables | 40 | €2,404 | €9,300 | +€6,896 | +286.9% |
| Other amounts receivable | 41 | €35,305 | €22,005 | -€13,300 | -37.7% |
| Cash at bank and in hand | 54/58 | €1,290 | €9,896 | +€8,606 | +667.3% |
| Deferred charges and accrued income | 490/1 | €75 | €75 | = | 0.0% |
| Total equity and liabilities | 10/49 | €69,386 | €81,683 | +€12,297 | +17.7% |
| Equity | 10/15 | -€43,408 | -€34,395 | +€9,013 | +20.8% |
| Contributions | 10/11 | €187,000 | €187,000 | = | 0.0% |
| Capital | 10 | €187,000 | €187,000 | = | 0.0% |
| Issued capital | 100 | €187,000 | €187,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€230,408 | -€221,395 | +€9,013 | +3.9% |
| Amounts payable | 17/49 | €112,794 | €116,078 | +€3,284 | +2.9% |
| Amounts payable within one year | 42/48 | €112,794 | €116,078 | +€3,284 | +2.9% |
| Trade debts | 44 | €930 | €2,689 | +€1,759 | +189.1% |
| Suppliers | 440/4 | €930 | €2,689 | +€1,759 | +189.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €111,864 | €113,389 | +€1,525 | +1.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €367 | €367 | = | 0.0% |
| Other operating charges | 640/8 | €433 | €444 | +€10 | +2.4% |
| Gross operating margin | 9900 | €822 | €9,970 | +€9,148 | +1113.5% |
| Operating profit (loss) | 9901 | €21 | €9,159 | +€9,138 | +43806.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €143 | €146 | +€3 | +2.3% |
| Recurring financial charges | 65 | €143 | €146 | +€3 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | -€122 | €9,013 | +€9,135 | |
| Income taxes | 67/77 | €2,869 | €0 | -€2,869 | -100.0% |
| Profit (loss) for the period | 9904 | -€2,991 | €9,013 | +€12,003 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,991 | €9,013 | +€12,003 |
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 1 October 2026 via checked.be.