HERLITSKA: 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.
HERLITSKA
Largest movements
- Receivables within one year -€19,345
down €19,345 (-50.0%), from €38,680 to €19,335
of which Trade receivables: -€26,058
- Tangible fixed assets -€12,749
down €12,749 (-58.9%), from €21,644 to €8,895
- Stocks and contracts +€8,818
up €8,818 (+16.1%), from €54,609 to €63,426
- Cash -€5,138
down €5,138 (-3.9%), from €132,330 to €127,192
mainly Contributions, distributions and other (-€16,000) and Other debts (-€9,189)
- Reserves -€16,000
down €16,000 (-7.4%), from €215,831 to €199,831
- Other debts -€9,189
down €9,189 (-47.5%), from €19,360 to €10,171
- Trade debts -€2,577
down €2,577 (-48.2%), from €5,346 to €2,769
- Gross operating margin -€31,065
down €31,065 (-22.2%), from €139,926 to €108,861
- Depreciation -€12,422
down €12,422 (-49.4%), from €25,172 to €12,749
- Taxes -€7,143
down €7,143 (-71.3%), from €10,013 to €2,870
- Staff costs +€3,338
up €3,338 (+3.7%), from €90,141 to €93,479
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €253,270 | €224,474 | -€28,796 | -11.4% |
| Fixed assets | 21/28 | €21,644 | €8,895 | -€12,749 | -58.9% |
| Tangible fixed assets | 22/27 | €21,644 | €8,895 | -€12,749 | -58.9% |
| Furniture and vehicles | 24 | €21,644 | €8,895 | -€12,749 | -58.9% |
| Current assets | 29/58 | €231,626 | €215,579 | -€16,047 | -6.9% |
| Stocks and contracts in progress | 3 | €54,609 | €63,426 | +€8,818 | +16.1% |
| Stocks | 30/36 | €54,609 | €63,426 | +€8,818 | +16.1% |
| Amounts receivable within one year | 40/41 | €38,680 | €19,335 | -€19,345 | -50.0% |
| Trade receivables | 40 | €31,505 | €5,447 | -€26,058 | -82.7% |
| Other amounts receivable | 41 | €7,175 | €13,888 | +€6,713 | +93.6% |
| Cash at bank and in hand | 54/58 | €132,330 | €127,192 | -€5,138 | -3.9% |
| Deferred charges and accrued income | 490/1 | €6,007 | €5,626 | -€382 | -6.4% |
| Total equity and liabilities | 10/49 | €253,270 | €224,474 | -€28,796 | -11.4% |
| Equity | 10/15 | €215,931 | €198,456 | -€17,475 | -8.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €215,831 | €199,831 | -€16,000 | -7.4% |
| Distributable reserves | 133 | €215,831 | €199,831 | -€16,000 | -7.4% |
| Profit (loss) carried forward | 14 | - | -€1,475 | -€1,475 | |
| Amounts payable | 17/49 | €37,339 | €26,018 | -€11,321 | -30.3% |
| Amounts payable within one year | 42/48 | €37,281 | €25,959 | -€11,322 | -30.4% |
| Trade debts | 44 | €5,346 | €2,769 | -€2,577 | -48.2% |
| Suppliers | 440/4 | €5,346 | €2,769 | -€2,577 | -48.2% |
| Taxes, remuneration and social security | 45 | €12,575 | €13,020 | +€445 | +3.5% |
| Taxes | 450/3 | €2,416 | €1,203 | -€1,213 | -50.2% |
| Remuneration and social security | 454/9 | €10,159 | €11,817 | +€1,658 | +16.3% |
| Other amounts payable | 47/48 | €19,360 | €10,171 | -€9,189 | -47.5% |
| Accrued charges and deferred income | 492/3 | €58 | €59 | +€1 | +2.0% |
| Remuneration, social security and pensions | 62 | €90,141 | €93,479 | +€3,338 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,172 | €12,749 | -€12,422 | -49.4% |
| Other operating charges | 640/8 | €1,659 | €1,642 | -€17 | -1.0% |
| Gross operating margin | 9900 | €139,926 | €108,861 | -€31,065 | -22.2% |
| Operating profit (loss) | 9901 | €22,954 | €991 | -€21,963 | -95.7% |
| Financial income | 75/76B | €774 | €831 | +€56 | +7.3% |
| Recurring financial income | 75 | €774 | €831 | +€56 | +7.3% |
| Financial charges | 65/66B | €140 | €427 | +€287 | +205% |
| Recurring financial charges | 65 | €140 | €427 | +€287 | +205% |
| Profit (loss) for the period before taxes | 9903 | €23,588 | €1,394 | -€22,194 | -94.1% |
| Income taxes | 67/77 | €10,013 | €2,870 | -€7,143 | -71.3% |
| Profit (loss) for the period | 9904 | €13,575 | -€1,475 | -€15,051 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,575 | -€1,475 | -€15,051 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.