HERKERBOS: 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.
HERKERBOS
Largest movements
- Tangible fixed assets -€133,750
down €133,750 (-4.1%), from €3.3m to €3.1m
of which Land and buildings: -€131,381
- Cash -€69,478
down €69,478 (-82.9%), from €83,798 to €14,320
mainly Debts after one year (-€92,567) and Trade debts (-€66,085)
- Revaluation surpluses -€94,975
down €94,975 (-8.2%), from €1.2m to €1.1m
- Reserves +€94,975
up €94,975 (+812%), from €11,699 to €106,674
of which Distributable reserves: +€94,975
- Debts after one year -€92,567
down €92,567 (-4.9%), from €1.9m to €1.8m
- Trade debts -€66,085
down €66,085 (-80.2%), from €82,407 to €16,322
- Gross operating margin +€34,509
up €34,509 (+18.5%), from €186,657 to €221,165
- Depreciation +€8,783
up €8,783 (+5.8%), from €151,003 to €159,786
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 | €3,365,179 | €3,158,352 | -€206,827 | -6.1% |
| Fixed assets | 21/28 | €3,266,224 | €3,132,474 | -€133,750 | -4.1% |
| Tangible fixed assets | 22/27 | €3,266,224 | €3,132,474 | -€133,750 | -4.1% |
| Land and buildings | 22 | €3,114,014 | €2,982,633 | -€131,381 | -4.2% |
| Plant, machinery and equipment | 23 | €124,049 | €129,533 | +€5,484 | +4.4% |
| Furniture and vehicles | 24 | €28,161 | €20,308 | -€7,853 | -27.9% |
| Current assets | 29/58 | €98,956 | €25,878 | -€73,077 | -73.8% |
| Amounts receivable within one year | 40/41 | €8,729 | €5,864 | -€2,865 | -32.8% |
| Trade receivables | 40 | €8,729 | €5,864 | -€2,865 | -32.8% |
| Cash at bank and in hand | 54/58 | €83,798 | €14,320 | -€69,478 | -82.9% |
| Deferred charges and accrued income | 490/1 | €6,428 | €5,694 | -€734 | -11.4% |
| Total equity and liabilities | 10/49 | €3,365,179 | €3,158,352 | -€206,827 | -6.1% |
| Equity | 10/15 | €1,127,536 | €1,119,829 | -€7,707 | -0.7% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,158,690 | €1,063,716 | -€94,975 | -8.2% |
| Reserves | 13 | €11,699 | €106,674 | +€94,975 | +812% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €11,699 | €106,674 | +€94,975 | +812% |
| Profit (loss) carried forward | 14 | -€642,854 | -€650,561 | -€7,707 | -1.2% |
| Amounts payable | 17/49 | €2,237,644 | €2,038,524 | -€199,120 | -8.9% |
| Amounts payable after more than one year | 17 | €1,901,330 | €1,808,763 | -€92,567 | -4.9% |
| Financial debts | 170/4 | €1,901,330 | €1,808,763 | -€92,567 | -4.9% |
| Amounts payable within one year | 42/48 | €318,189 | €228,939 | -€89,250 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €136,009 | €115,785 | -€20,224 | -14.9% |
| Trade debts | 44 | €82,407 | €16,322 | -€66,085 | -80.2% |
| Suppliers | 440/4 | €82,407 | €16,322 | -€66,085 | -80.2% |
| Taxes, remuneration and social security | 45 | €15,512 | €12,570 | -€2,941 | -19.0% |
| Taxes | 450/3 | €15,512 | €12,570 | -€2,941 | -19.0% |
| Other amounts payable | 47/48 | €84,261 | €84,261 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €18,124 | €822 | -€17,302 | -95.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,003 | €159,786 | +€8,783 | +5.8% |
| Other operating charges | 640/8 | €20,176 | €20,792 | +€616 | +3.1% |
| Gross operating margin | 9900 | €186,657 | €221,165 | +€34,509 | +18.5% |
| Operating profit (loss) | 9901 | €15,477 | €40,588 | +€25,110 | +162% |
| Financial income | 75/76B | €0 | €10 | +€10 | +104,300% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +104,300% |
| Financial charges | 65/66B | €50,459 | €48,305 | -€2,154 | -4.3% |
| Recurring financial charges | 65 | €50,459 | €48,305 | -€2,154 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | -€34,981 | -€7,707 | +€27,274 | +78.0% |
| Profit (loss) for the period | 9904 | -€34,981 | -€7,707 | +€27,274 | +78.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,981 | -€7,707 | +€27,274 | +78.0% |
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 14 October 2026 via checked.be.