HERLEVEN: 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.
What changed
HERLEVEN
NACE 43.320, Joinery installation
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€3,719
2023 · €9,293-€13,012
Equity
€40,997
2023 · €38,786+€2,211
Cash
€1,208
2023 · €1,074+€134
Balance sheet total
€87,799
2023 · €107,671-€19,872
Largest movements
Assets
- Receivables within one year -€20,935
down €20,935 (-54.7%), from €38,255 to €17,320
of which Trade receivables: -€16,914
- Financial fixed assets +€3,400
up €3,400 (+5.7%), from €60,001 to €63,401
- Tangible fixed assets -€2,041
down €2,041 (-100%), from €2,041 to €0
of which Furniture and vehicles: -€2,041
Equity and liabilities
- Tax, wage and social debts -€13,473
down €13,473 (-100%), from €13,473 to €0
of which Taxes: -€13,473
- Debts after one year -€12,000
down €12,000 (-31.6%), from €38,000 to €26,000
of which Other amounts payable: -€38,000
- Current portion of long-term debt -€12,000
down €12,000 (-100%), from €12,000 to €0
- Short-term financial debts +€12,000
new in 2024: €12,000
of which Other loans: +€12,000
- Other debts +€5,542
new in 2024: €5,542
Income statement
- Turnover +€66,442
new in 2024: €66,442
- Purchases and services +€25,473
new in 2024: €25,473
- Gross operating margin -€18,530
no longer reported in 2024 (was €18,530)
- Taxes -€3,637
down €3,637, from €2,707 to -€930
- Financial charges -€1,304
down €1,304 (-34.6%), from €3,765 to €2,461
of which Financial charges: -€1,365
From the 2023 result to the 2024 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.
Result 2023
€9,293
Turnover
+€66,442
Purchases and services
-€25,473
Write-downs
+€430
Other operating charges
+€40
Other operating items
-€59,499
Financial income
+€108
Financial charges
+€1,304
Taxes
+€3,637
Result 2024
-€3,719
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€8,353
Investment
-€2,150
Financing
-€6,070
Cash 2023
€1,074
From operations (derived)
+€8,353
Net result for the year
-€3,719
Depreciation
+€790
Stocks and contracts
+€430
Receivables within one year
+€20,935
Trade debts
-€2,152
Tax, wage and social debts
-€13,473
Other debts
+€5,542
Investment (derived)
-€2,150
Investment in fixed assets (net)
-€2,150
Financing
-€6,070
Debts after one year
-€12,000
Current portion of long-term debt
-€12,000
Short-term financial debts
+€12,000
Contributions, distributions and other
+€5,930
Cash 2024
€1,208
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,671 | €87,799 | -€19,872 | -18.5% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €62,042 | €63,401 | +€1,360 | +2.2% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €2,041 | €0 | -€2,041 | -100% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €2,041 | €0 | -€2,041 | -100% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | €60,001 | €63,401 | +€3,400 | +5.7% |
| Current assets | 29/58 | €45,629 | €24,398 | -€21,231 | -46.5% |
| Amounts receivable after more than one year | 29 | - | €0 | = | |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | - | €0 | = | |
| Stocks and contracts in progress | 3 | €6,300 | €5,870 | -€430 | -6.8% |
| Stocks | 30/36 | €6,300 | €5,870 | -€430 | -6.8% |
| Contracts in progress | 37 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €38,255 | €17,320 | -€20,935 | -54.7% |
| Trade receivables | 40 | €34,234 | €17,320 | -€16,914 | -49.4% |
| Other amounts receivable | 41 | €4,021 | €0 | -€4,021 | -100% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €1,074 | €1,208 | +€134 | +12.4% |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €107,671 | €87,799 | -€19,872 | -18.5% |
| Equity | 10/15 | €38,786 | €40,997 | +€2,211 | +5.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €0 | = | |
| Reserves | 13 | €37,500 | €44,430 | +€6,930 | +18.5% |
| Non-distributable reserves | 130/1 | - | €0 | = | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Own shares acquired | 1312 | - | €0 | = | |
| Financial assistance | 1313 | - | €0 | = | |
| Other | 1319 | - | €0 | = | |
| Tax-exempt reserves | 132 | - | €0 | = | |
| Distributable reserves | 133 | €37,500 | €44,430 | +€6,930 | +18.5% |
| Profit (loss) carried forward | 14 | €286 | -€3,433 | -€3,719 | |
| Investment grants | 15 | - | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | - | €1,000 | +€1,000 | |
| Provisions and deferred taxes | 16 | - | €0 | = | |
| Provisions for liabilities and charges | 160/5 | - | €0 | = | |
| Pensions and similar obligations | 160 | - | €0 | = | |
| Taxes | 161 | - | €0 | = | |
| Major repairs and maintenance | 162 | - | €0 | = | |
| Environmental obligations | 163 | - | €0 | = | |
| Other liabilities and charges | 164/5 | - | €0 | = | |
| Deferred taxes | 168 | - | €0 | = | |
| Amounts payable | 17/49 | €68,886 | €46,802 | -€22,083 | -32.1% |
| Amounts payable after more than one year | 17 | €38,000 | €26,000 | -€12,000 | -31.6% |
| Financial debts | 170/4 | - | €26,000 | +€26,000 | |
| Trade debts | 175 | - | €0 | = | |
| Advances received on contracts in progress | 176 | - | €0 | = | |
| Other amounts payable | 178/9 | €38,000 | €0 | -€38,000 | -100% |
| Amounts payable within one year | 42/48 | €30,886 | €20,802 | -€10,083 | -32.6% |
| Current portion of amounts payable after more than one year | 42 | €12,000 | €0 | -€12,000 | -100% |
| Financial debts | 43 | - | €12,000 | +€12,000 | |
| Credit institutions | 430/8 | - | €0 | = | |
| Other loans | 439 | - | €12,000 | +€12,000 | |
| Trade debts | 44 | €5,413 | €3,261 | -€2,152 | -39.8% |
| Suppliers | 440/4 | €5,413 | €3,261 | -€2,152 | -39.8% |
| Bills of exchange payable | 441 | - | €0 | = | |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €13,473 | €0 | -€13,473 | -100% |
| Taxes | 450/3 | €13,473 | €0 | -€13,473 | -100% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | - | €5,542 | +€5,542 | |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Turnover | 70 | - | €66,442 | +€66,442 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €25,473 | +€25,473 | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €790 | €790 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€430 | -€430 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €0 | = | |
| Other operating charges | 640/8 | €1,974 | €1,935 | -€40 | -2.0% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €18,530 | - | -€18,530 | |
| Operating profit (loss) | 9901 | €15,766 | -€2,295 | -€18,061 | |
| Financial income | 75/76B | - | €108 | +€108 | |
| Recurring financial income | 75 | - | €0 | = | |
| Non-recurring financial income | 76B | - | €108 | +€108 | |
| Financial charges | 65/66B | €3,765 | €2,461 | -€1,304 | -34.6% |
| Recurring financial charges | 65 | €3,765 | €2,400 | -€1,365 | -36.3% |
| Non-recurring financial charges | 66B | - | €61 | +€61 | |
| Profit (loss) for the period before taxes | 9903 | €12,000 | -€4,648 | -€16,649 | |
| Transfer from deferred taxes | 780 | - | €0 | = | |
| Transfer to deferred taxes | 680 | - | €0 | = | |
| Income taxes | 67/77 | €2,707 | -€930 | -€3,637 | |
| Profit (loss) for the period | 9904 | €9,293 | -€3,719 | -€13,012 | |
| Transfer from tax-exempt reserves | 789 | - | €0 | = | |
| Transfer to tax-exempt reserves | 689 | - | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €9,293 | -€3,719 | -€13,012 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.