Herkenrode Development: 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.
Herkenrode Development
Largest movements
- Stocks and contracts -€733,640
down €733,640 (-39.1%), from €1.9m to €1.1m
of which Stocks: -€733,640
- Receivables within one year -€158,123
down €158,123 (-8.1%), from €2.0m to €1.8m
of which Trade receivables: -€248,323
- Cash -€125,216
down €125,216 (-14.3%), from €873,360 to €748,143
mainly Contributions, distributions and other (-€1.4m) and Advances received (-€1.2m)
- Other debts +€1.4m
new in 2025: €1.4m
- Advances received -€1.2m
no longer reported in 2025 (was €1.2m)
- Profit (loss) carried forward -€613,181
down €613,181 (-80.6%), from €761,065 to €147,885
- Trade debts -€589,442
down €589,442 (-69.0%), from €854,391 to €264,949
- Tax, wage and social debts -€58,500
no longer reported in 2025 (was €58,500)
- Turnover +€5.4m
up €5.4m (+3,093%), from €175,271 to €5.6m
- Goods and materials -€1.3m
down €1.3m (-44.6%), from €3.0m to €1.7m
of which Purchases: -€1.9m
- Taxes +€242,095
new in 2025: €242,095
- Financial income +€58,596
up €58,596 (+1,084%), from €5,406 to €64,001
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 | €4,717,089 | €3,694,856 | -€1.0m | -21.7% |
| Current assets | 29/58 | €4,717,089 | €3,694,856 | -€1.0m | -21.7% |
| Stocks and contracts in progress | 3 | €1,875,401 | €1,141,761 | -€733,640 | -39.1% |
| Stocks | 30/36 | €1,875,401 | €1,141,761 | -€733,640 | -39.1% |
| Property held for sale | 35 | €1,875,401 | €1,141,761 | -€733,640 | -39.1% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,963,075 | €1,804,952 | -€158,123 | -8.1% |
| Trade receivables | 40 | €263,075 | €14,753 | -€248,323 | -94.4% |
| Other amounts receivable | 41 | €1,700,000 | €1,790,200 | +€90,200 | +5.3% |
| Cash at bank and in hand | 54/58 | €873,360 | €748,143 | -€125,216 | -14.3% |
| Deferred charges and accrued income | 490/1 | €5,253 | - | -€5,253 | |
| Total equity and liabilities | 10/49 | €4,717,089 | €3,694,856 | -€1.0m | -21.7% |
| Equity | 10/15 | €2,643,081 | €2,029,900 | -€613,181 | -23.2% |
| Contributions | 10/11 | €1,600,000 | €1,600,000 | = | 0.0% |
| Capital | 10 | €1,600,000 | €1,600,000 | = | 0.0% |
| Issued capital | 100 | €1,600,000 | €1,600,000 | = | 0.0% |
| Reserves | 13 | €282,015 | €282,015 | = | 0.0% |
| Non-distributable reserves | 130/1 | €282,015 | €282,015 | = | 0.0% |
| Legal reserve | 130 | €282,015 | €282,015 | = | 0.0% |
| Profit (loss) carried forward | 14 | €761,065 | €147,885 | -€613,181 | -80.6% |
| Amounts payable | 17/49 | €2,074,008 | €1,664,956 | -€409,052 | -19.7% |
| Amounts payable within one year | 42/48 | €2,074,008 | €1,664,949 | -€409,059 | -19.7% |
| Trade debts | 44 | €854,391 | €264,949 | -€589,442 | -69.0% |
| Suppliers | 440/4 | €854,391 | €264,949 | -€589,442 | -69.0% |
| Advances received on contracts in progress | 46 | €1,161,117 | - | -€1.2m | |
| Taxes, remuneration and social security | 45 | €58,500 | - | -€58,500 | |
| Taxes | 450/3 | €58,500 | - | -€58,500 | |
| Other amounts payable | 47/48 | - | €1,400,000 | +€1.4m | |
| Accrued charges and deferred income | 492/3 | - | €7 | +€7 | |
| Operating income | 70/76A | €3,005,524 | €2,689,595 | -€315,929 | -10.5% |
| Turnover | 70 | €175,271 | €5,596,060 | +€5.4m | +3,093% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €2,830,236 | -€2,906,465 | -€5.7m | |
| Other operating income | 74 | €17 | - | -€17 | |
| Operating charges | 60/66A | €3,068,526 | €1,722,743 | -€1.3m | -43.9% |
| Goods for resale, raw materials and consumables | 60 | €3,021,318 | €1,674,966 | -€1.3m | -44.6% |
| Purchases | 600/8 | €2,884,158 | €941,326 | -€1.9m | -67.4% |
| Change in stocks: decrease (increase) | 609 | €137,160 | €733,640 | +€596,480 | +435% |
| Services and other goods | 61 | €45,608 | €46,281 | +€673 | +1.5% |
| Other operating charges | 640/8 | €1,599 | €1,496 | -€103 | -6.5% |
| Operating profit (loss) | 9901 | -€63,001 | €966,852 | +€1.0m | |
| Financial income | 75/76B | €5,406 | €64,001 | +€58,596 | +1,084% |
| Recurring financial income | 75 | €5,406 | €64,001 | +€58,596 | +1,084% |
| Income from current assets | 751 | €5,253 | €64,001 | +€58,748 | +1,118% |
| Other financial income | 752/9 | €153 | €0 | -€153 | -100.0% |
| Financial charges | 65/66B | €2,937 | €1,938 | -€999 | -34.0% |
| Recurring financial charges | 65 | €2,937 | €1,938 | -€999 | -34.0% |
| Debt charges | 650 | €863 | - | -€863 | |
| Other financial charges | 652/9 | €2,074 | €1,938 | -€136 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€60,533 | €1,028,915 | +€1.1m | |
| Income taxes | 67/77 | - | €242,095 | +€242,095 | |
| Taxes | 670/3 | - | €242,095 | +€242,095 | |
| Profit (loss) for the period | 9904 | -€60,533 | €786,819 | +€847,352 | |
| Profit (loss) for the period to be appropriated | 9905 | -€60,533 | €786,819 | +€847,352 |
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 16 October 2026 via checked.be.