HERITA: what changed
Two financial 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.
HERITA
Largest movements
- Tangible fixed assets +€19,609
up €19,609 (+17.1%), from €114,908 to €134,518
of which Land and buildings: +€22,130
- Cash -€19,241
down €19,241 (-27.5%), from €70,078 to €50,837
mainly Investment in fixed assets (net) (-€23,614) and Tax, wage and social debts (-€20,460)
- Stocks and contracts -€4,539
down €4,539 (-29.2%), from €15,527 to €10,987
- Reserves +€23,226
up €23,226 (+31.1%), from €74,723 to €97,949
- Tax, wage and social debts -€20,460
down €20,460 (-68.0%), from €30,069 to €9,609
- Debts after one year -€10,215
down €10,215 (-48.6%), from €21,000 to €10,786
- Other debts +€3,089
up €3,089 (+4.2%), from €73,027 to €76,116
- Financial charges -€12,111
down €12,111 (-82.3%), from €14,721 to €2,610
of which Financial charges: -€6,361
- Gross operating margin +€5,204
up €5,204 (+13.3%), from €39,084 to €44,288
- Taxes +€4,307
up €4,307 (+56.6%), from €7,607 to €11,914
- Financial income -€972
down €972 (-100.0%), from €972 to €0
- Write-downs +€473
new in 2025: €473
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.
Derived cash bridge
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 | €214,851 | €210,215 | -€4,636 | -2.2% |
| Fixed assets | 21/28 | €116,238 | €135,848 | +€19,609 | +16.9% |
| Tangible fixed assets | 22/27 | €114,908 | €134,518 | +€19,609 | +17.1% |
| Land and buildings | 22 | €111,552 | €133,682 | +€22,130 | +19.8% |
| Plant, machinery and equipment | 23 | €25 | - | -€25 | |
| Furniture and vehicles | 24 | €3,331 | €836 | -€2,496 | -74.9% |
| Financial fixed assets | 28 | €1,330 | €1,330 | = | 0.0% |
| Current assets | 29/58 | €98,613 | €74,367 | -€24,245 | -24.6% |
| Stocks and contracts in progress | 3 | €15,527 | €10,987 | -€4,539 | -29.2% |
| Stocks | 30/36 | €15,527 | €10,987 | -€4,539 | -29.2% |
| Amounts receivable within one year | 40/41 | €11,599 | €11,696 | +€97 | +0.8% |
| Trade receivables | 40 | €11,243 | €8,139 | -€3,104 | -27.6% |
| Other amounts receivable | 41 | €356 | €3,557 | +€3,202 | +900% |
| Cash at bank and in hand | 54/58 | €70,078 | €50,837 | -€19,241 | -27.5% |
| Deferred charges and accrued income | 490/1 | €1,409 | €846 | -€563 | -39.9% |
| Total equity and liabilities | 10/49 | €214,851 | €210,215 | -€4,636 | -2.2% |
| Equity | 10/15 | €60,118 | €83,343 | +€23,226 | +38.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €74,723 | €97,949 | +€23,226 | +31.1% |
| Distributable reserves | 133 | €74,723 | €97,949 | +€23,226 | +31.1% |
| Profit (loss) carried forward | 14 | -€33,198 | -€33,198 | = | 0.0% |
| Amounts payable | 17/49 | €154,733 | €126,872 | -€27,861 | -18.0% |
| Amounts payable after more than one year | 17 | €21,000 | €10,786 | -€10,215 | -48.6% |
| Financial debts | 170/4 | €21,000 | €10,786 | -€10,215 | -48.6% |
| Amounts payable within one year | 42/48 | €133,716 | €116,086 | -€17,630 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €24,673 | €25,215 | +€542 | +2.2% |
| Trade debts | 44 | €5,947 | €5,147 | -€801 | -13.5% |
| Suppliers | 440/4 | €5,947 | €5,147 | -€801 | -13.5% |
| Taxes, remuneration and social security | 45 | €30,069 | €9,609 | -€20,460 | -68.0% |
| Taxes | 450/3 | €30,069 | €9,609 | -€20,460 | -68.0% |
| Other amounts payable | 47/48 | €73,027 | €76,116 | +€3,089 | +4.2% |
| Accrued charges and deferred income | 492/3 | €17 | - | -€17 | |
| Non-recurring operating income | 76A | - | €406 | +€406 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,399 | €4,005 | -€394 | -9.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €473 | +€473 | |
| Other operating charges | 640/8 | €2,038 | €2,061 | +€23 | +1.1% |
| Gross operating margin | 9900 | €39,084 | €44,288 | +€5,204 | +13.3% |
| Operating profit (loss) | 9901 | €32,647 | €37,750 | +€5,103 | +15.6% |
| Financial income | 75/76B | €972 | €0 | -€972 | -100.0% |
| Recurring financial income | 75 | €972 | €0 | -€972 | -100.0% |
| Financial charges | 65/66B | €14,721 | €2,610 | -€12,111 | -82.3% |
| Recurring financial charges | 65 | €8,971 | €2,610 | -€6,361 | -70.9% |
| Non-recurring financial charges | 66B | €5,750 | - | -€5,750 | |
| Profit (loss) for the period before taxes | 9903 | €18,898 | €35,140 | +€16,242 | +85.9% |
| Income taxes | 67/77 | €7,607 | €11,914 | +€4,307 | +56.6% |
| Profit (loss) for the period | 9904 | €11,290 | €23,226 | +€11,935 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €11,290 | €23,226 | +€11,935 | +106% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.