HerLo: what changed
Two fiscal 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.
HerLo
Largest movements
- Receivables within one year -€16,946
down €16,946 (-74.4%), from €22,768 to €5,822
- Tangible fixed assets -€1,708
down €1,708 (-13.9%), from €12,271 to €10,563
- Profit (loss) carried forward -€26,751
down €26,751 (-76.9%), from -€34,797 to -€61,548
- Other debts +€7,711
up €7,711 (+11.9%), from €64,838 to €72,549
- Trade debts +€385
up €385, from €0 to €385
- Gross operating margin -€4,777
down €4,777 (-344.3%), from -€1,387 to -€6,165
- Financial charges -€1,244
down €1,244 (-92.2%), from €1,350 to €106
- Other operating charges +€1,184
up €1,184 (+899.1%), from €132 to €1,316
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.
Cash bridge derived
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 | €35,040 | €16,386 | -€18,654 | -53.2% |
| Fixed assets | 21/28 | €12,271 | €10,563 | -€1,708 | -13.9% |
| Tangible fixed assets | 22/27 | €12,271 | €10,563 | -€1,708 | -13.9% |
| Other tangible fixed assets | 26 | €12,271 | €10,563 | -€1,708 | -13.9% |
| Current assets | 29/58 | €22,769 | €5,823 | -€16,946 | -74.4% |
| Amounts receivable within one year | 40/41 | €22,768 | €5,822 | -€16,946 | -74.4% |
| Other amounts receivable | 41 | €22,768 | €5,822 | -€16,946 | -74.4% |
| Cash at bank and in hand | 54/58 | €1 | €1 | -€0 | -6.1% |
| Total equity and liabilities | 10/49 | €35,040 | €16,386 | -€18,654 | -53.2% |
| Equity | 10/15 | -€29,797 | -€56,548 | -€26,751 | -89.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,797 | -€61,548 | -€26,751 | -76.9% |
| Amounts payable | 17/49 | €64,838 | €72,934 | +€8,097 | +12.5% |
| Amounts payable within one year | 42/48 | €64,838 | €72,934 | +€8,097 | +12.5% |
| Trade debts | 44 | €0 | €385 | +€385 | |
| Suppliers | 440/4 | €0 | €385 | +€385 | |
| Other amounts payable | 47/48 | €64,838 | €72,549 | +€7,711 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,708 | €1,708 | = | 0.0% |
| Other operating charges | 640/8 | €132 | €1,316 | +€1,184 | +899.1% |
| Non-recurring operating charges | 66A | - | €17,456 | +€17,456 | |
| Gross operating margin | 9900 | -€1,387 | -€6,165 | -€4,777 | -344.3% |
| Operating profit (loss) | 9901 | -€3,227 | -€26,645 | -€23,418 | -725.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €1,350 | €106 | -€1,244 | -92.2% |
| Recurring financial charges | 65 | €1,350 | €106 | -€1,244 | -92.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,576 | -€26,751 | -€22,174 | -484.5% |
| Profit (loss) for the period | 9904 | -€4,576 | -€26,751 | -€22,174 | -484.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,576 | -€26,751 | -€22,174 | -484.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.