Herkenrath: 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.
Herkenrath
Largest movements
- Stocks and contracts +€49,621
up €49,621 (+248%), from €20,000 to €69,621
of which Contracts in progress: +€45,621
- Tangible fixed assets -€13,216
down €13,216 (-4.8%), from €273,641 to €260,424
of which Plant, machinery and equipment: -€12,856
- Cash -€10,920
down €10,920 (-16.2%), from €67,331 to €56,411
mainly Stocks and contracts (-€49,621) and Investment in fixed assets (net) (-€31,424)
- Receivables within one year -€10,893
down €10,893 (-42.7%), from €25,531 to €14,638
of which Trade receivables: -€6,018
- Trade debts +€23,739
up €23,739 (+313%), from €7,578 to €31,317
- Debts after one year -€15,533
down €15,533 (-8.0%), from €193,739 to €178,206
- Profit (loss) carried forward +€13,226
up €13,226 (+18.0%), from €73,534 to €86,760
- Other debts -€10,073
down €10,073 (-98.8%), from €10,200 to €127
- Tax, wage and social debts +€6,707
up €6,707 (+47.0%), from €14,256 to €20,963
of which Taxes: +€4,784
- Gross operating margin +€83,424
up €83,424 (+32.4%), from €257,292 to €340,716
- Staff costs +€78,969
up €78,969 (+41.7%), from €189,215 to €268,184
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 | €394,880 | €406,723 | +€11,844 | +3.0% |
| Fixed assets | 21/28 | €273,641 | €260,424 | -€13,216 | -4.8% |
| Tangible fixed assets | 22/27 | €273,641 | €260,424 | -€13,216 | -4.8% |
| Land and buildings | 22 | €175,969 | €163,365 | -€12,604 | -7.2% |
| Plant, machinery and equipment | 23 | €68,667 | €55,810 | -€12,856 | -18.7% |
| Furniture and vehicles | 24 | - | €3,310 | +€3,310 | |
| Leasing and similar rights | 25 | €29,005 | €37,939 | +€8,934 | +30.8% |
| Current assets | 29/58 | €121,239 | €146,299 | +€25,060 | +20.7% |
| Stocks and contracts in progress | 3 | €20,000 | €69,621 | +€49,621 | +248% |
| Stocks | 30/36 | - | €4,000 | +€4,000 | |
| Contracts in progress | 37 | €20,000 | €65,621 | +€45,621 | +228% |
| Amounts receivable within one year | 40/41 | €25,531 | €14,638 | -€10,893 | -42.7% |
| Trade receivables | 40 | €9,644 | €3,626 | -€6,018 | -62.4% |
| Other amounts receivable | 41 | €15,886 | €11,011 | -€4,875 | -30.7% |
| Cash at bank and in hand | 54/58 | €67,331 | €56,411 | -€10,920 | -16.2% |
| Deferred charges and accrued income | 490/1 | €8,377 | €5,629 | -€2,749 | -32.8% |
| Total equity and liabilities | 10/49 | €394,880 | €406,723 | +€11,844 | +3.0% |
| Equity | 10/15 | €127,734 | €140,960 | +€13,226 | +10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €48,000 | €48,000 | = | 0.0% |
| Distributable reserves | 133 | €48,000 | €48,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,534 | €86,760 | +€13,226 | +18.0% |
| Amounts payable | 17/49 | €267,146 | €265,763 | -€1,382 | -0.5% |
| Amounts payable after more than one year | 17 | €193,739 | €178,206 | -€15,533 | -8.0% |
| Financial debts | 170/4 | €193,739 | €178,206 | -€15,533 | -8.0% |
| Amounts payable within one year | 42/48 | €73,406 | €87,557 | +€14,151 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €41,372 | €35,149 | -€6,223 | -15.0% |
| Trade debts | 44 | €7,578 | €31,317 | +€23,739 | +313% |
| Suppliers | 440/4 | €7,578 | €31,317 | +€23,739 | +313% |
| Taxes, remuneration and social security | 45 | €14,256 | €20,963 | +€6,707 | +47.0% |
| Taxes | 450/3 | €1,800 | €6,584 | +€4,784 | +266% |
| Remuneration and social security | 454/9 | €12,456 | €14,379 | +€1,923 | +15.4% |
| Other amounts payable | 47/48 | €10,200 | €127 | -€10,073 | -98.8% |
| Remuneration, social security and pensions | 62 | €189,215 | €268,184 | +€78,969 | +41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,433 | €44,640 | +€2,207 | +5.2% |
| Other operating charges | 640/8 | €773 | €2,595 | +€1,822 | +236% |
| Gross operating margin | 9900 | €257,292 | €340,716 | +€83,424 | +32.4% |
| Operating profit (loss) | 9901 | €24,871 | €25,297 | +€426 | +1.7% |
| Financial income | 75/76B | €147 | €645 | +€498 | +340% |
| Recurring financial income | 75 | €147 | €645 | +€498 | +340% |
| Financial charges | 65/66B | €7,757 | €7,665 | -€91 | -1.2% |
| Recurring financial charges | 65 | €7,757 | €7,665 | -€91 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €17,261 | €18,276 | +€1,015 | +5.9% |
| Income taxes | 67/77 | €4,000 | €5,050 | +€1,050 | +26.3% |
| Profit (loss) for the period | 9904 | €13,261 | €13,226 | -€35 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,261 | €13,226 | -€35 | -0.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.