HERLEGEM: 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.
HERLEGEM
Largest movements
- Cash -€950
down €950 (-84.2%), from €1,129 to €179
mainly Net result for the year (-€240,844)
- Profit (loss) carried forward -€240,844
down €240,844 (-3.3%), from -€7.3m to -€7.6m
- Other debts +€238,163
up €238,163 (+3.4%), from €7.1m to €7.3m
- Trade debts +€1,731
up €1,731 (+2.5%), from €67,881 to €69,612
- Financial charges -€88,554
down €88,554 (-27.3%), from €324,868 to €236,313
- Gross operating margin -€1,220
down €1,220 (-50.1%), from -€2,437 to -€3,657
- Other operating charges -€83
down €83 (-8.6%), from €956 to €873
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 | €6,367 | €5,416 | -€950 | -14.9% |
| Current assets | 29/58 | €6,367 | €5,416 | -€950 | -14.9% |
| Amounts receivable within one year | 40/41 | €5,238 | €5,238 | = | 0.0% |
| Trade receivables | 40 | €5,238 | €5,238 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,129 | €179 | -€950 | -84.2% |
| Total equity and liabilities | 10/49 | €6,367 | €5,416 | -€950 | -14.9% |
| Equity | 10/15 | -€7,160,645 | -€7,401,489 | -€240,844 | -3.4% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,309,381 | -€7,550,225 | -€240,844 | -3.3% |
| Amounts payable | 17/49 | €7,167,012 | €7,406,905 | +€239,894 | +3.3% |
| Amounts payable after more than one year | 17 | €29,413 | €29,413 | = | 0.0% |
| Other amounts payable | 178/9 | €29,413 | €29,413 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,137,599 | €7,377,493 | +€239,894 | +3.4% |
| Trade debts | 44 | €67,881 | €69,612 | +€1,731 | +2.5% |
| Suppliers | 440/4 | €67,881 | €69,612 | +€1,731 | +2.5% |
| Other amounts payable | 47/48 | €7,069,718 | €7,307,881 | +€238,163 | +3.4% |
| Other operating charges | 640/8 | €956 | €873 | -€83 | -8.6% |
| Gross operating margin | 9900 | -€2,437 | -€3,657 | -€1,220 | -50.1% |
| Operating profit (loss) | 9901 | -€3,393 | -€4,530 | -€1,138 | -33.5% |
| Financial charges | 65/66B | €324,868 | €236,313 | -€88,554 | -27.3% |
| Recurring financial charges | 65 | €324,868 | €236,313 | -€88,554 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | -€328,261 | -€240,844 | +€87,417 | +26.6% |
| Profit (loss) for the period | 9904 | -€328,261 | -€240,844 | +€87,417 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€328,261 | -€240,844 | +€87,417 | +26.6% |
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 15 October 2026 via checked.be.