HERKS METAL DESIGN & 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.
HERKS METAL DESIGN & DEVELOPMENT
Largest movements
- Cash -€898,934
down €898,934 (-49.2%), from €1.8m to €929,467
mainly Debts after one year (-€1.0m) and Other debts (-€304,144)
- Receivables within one year -€356,257
down €356,257 (-49.8%), from €715,376 to €359,119
- Debts after one year -€1.0m
down €1.0m (-19.2%), from €5.2m to €4.2m
- Other debts -€304,144
down €304,144 (-12.6%), from €2.4m to €2.1m
- Financial income -€2.0m
down €2.0m (-98.8%), from €2.0m to €24,702
of which Non-recurring financial income: -€2.0m
- Financial charges -€13,784
down €13,784 (-4.6%), from €296,715 to €282,931
- Gross operating margin -€11,211
down €11,211 (-3.4%), from €332,729 to €321,519
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 | €21,932,989 | €20,632,821 | -€1.3m | -5.9% |
| Fixed assets | 21/28 | €19,387,487 | €19,343,621 | -€43,866 | -0.2% |
| Intangible fixed assets | 21 | €6,878,281 | €6,878,281 | = | 0.0% |
| Tangible fixed assets | 22/27 | €141,177 | €97,311 | -€43,866 | -31.1% |
| Furniture and vehicles | 24 | €141,177 | €97,311 | -€43,866 | -31.1% |
| Financial fixed assets | 28 | €12,368,030 | €12,368,030 | = | 0.0% |
| Current assets | 29/58 | €2,545,501 | €1,289,200 | -€1.3m | -49.4% |
| Amounts receivable within one year | 40/41 | €715,376 | €359,119 | -€356,257 | -49.8% |
| Other amounts receivable | 41 | €715,376 | €359,119 | -€356,257 | -49.8% |
| Cash at bank and in hand | 54/58 | €1,828,402 | €929,467 | -€898,934 | -49.2% |
| Deferred charges and accrued income | 490/1 | €1,723 | €613 | -€1,110 | -64.4% |
| Total equity and liabilities | 10/49 | €21,932,989 | €20,632,821 | -€1.3m | -5.9% |
| Equity | 10/15 | €14,258,442 | €14,272,169 | +€13,727 | +0.1% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €281,866 | €281,866 | = | 0.0% |
| Distributable reserves | 133 | €281,866 | €281,866 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,726,576 | €13,740,303 | +€13,727 | +0.1% |
| Amounts payable | 17/49 | €7,674,547 | €6,360,652 | -€1.3m | -17.1% |
| Amounts payable after more than one year | 17 | €5,200,000 | €4,200,000 | -€1.0m | -19.2% |
| Financial debts | 170/4 | €5,200,000 | €4,200,000 | -€1.0m | -19.2% |
| Amounts payable within one year | 42/48 | €2,474,547 | €2,160,652 | -€313,895 | -12.7% |
| Trade debts | 44 | €1,231 | €103 | -€1,129 | -91.7% |
| Suppliers | 440/4 | €1,231 | €103 | -€1,129 | -91.7% |
| Taxes, remuneration and social security | 45 | €58,420 | €49,797 | -€8,622 | -14.8% |
| Taxes | 450/3 | €58,420 | €49,797 | -€8,622 | -14.8% |
| Other amounts payable | 47/48 | €2,414,896 | €2,110,752 | -€304,144 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,070 | €43,866 | +€796 | +1.8% |
| Other operating charges | 640/8 | €1,029 | €1,060 | +€31 | +3.0% |
| Gross operating margin | 9900 | €332,729 | €321,519 | -€11,211 | -3.4% |
| Operating profit (loss) | 9901 | €288,630 | €276,593 | -€12,038 | -4.2% |
| Financial income | 75/76B | €2,015,466 | €24,702 | -€2.0m | -98.8% |
| Recurring financial income | 75 | €15,466 | €24,702 | +€9,236 | +59.7% |
| Non-recurring financial income | 76B | €2,000,000 | - | -€2.0m | |
| Financial charges | 65/66B | €296,715 | €282,931 | -€13,784 | -4.6% |
| Recurring financial charges | 65 | €296,715 | €282,931 | -€13,784 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €2,007,381 | €18,364 | -€2.0m | -99.1% |
| Income taxes | 67/77 | €2,223 | €4,636 | +€2,413 | +109% |
| Profit (loss) for the period | 9904 | €2,005,158 | €13,727 | -€2.0m | -99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,005,158 | €13,727 | -€2.0m | -99.3% |
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 28 October 2026 via checked.be.