HERLUX: 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.
HERLUX
Largest movements
- Tangible fixed assets -€20,660
down €20,660 (-9.4%), from €218,887 to €198,227
- Deferred charges and accrued income +€20,000
up €20,000 (+40.4%), from €49,562 to €69,562
- Profit (loss) carried forward -€5,121
down €5,121 (-3.4%), from -€149,297 to -€154,418
- Other debts +€3,700
up €3,700 (+1.9%), from €193,853 to €197,553
- Gross operating margin +€25,656
up €25,656, from -€8,276 to €17,380
- Other operating charges -€601
down €601 (-28.9%), from €2,079 to €1,478
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 | €321,757 | €320,336 | -€1,421 | -0.4% |
| Fixed assets | 21/28 | €218,887 | €198,227 | -€20,660 | -9.4% |
| Tangible fixed assets | 22/27 | €218,887 | €198,227 | -€20,660 | -9.4% |
| Land and buildings | 22 | €218,887 | €198,227 | -€20,660 | -9.4% |
| Current assets | 29/58 | €102,869 | €122,108 | +€19,239 | +18.7% |
| Amounts receivable within one year | 40/41 | €51,086 | €51,106 | +€19 | 0.0% |
| Other amounts receivable | 41 | €51,086 | €51,106 | +€19 | 0.0% |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,221 | €1,440 | -€780 | -35.1% |
| Deferred charges and accrued income | 490/1 | €49,562 | €69,562 | +€20,000 | +40.4% |
| Total equity and liabilities | 10/49 | €321,757 | €320,336 | -€1,421 | -0.4% |
| Equity | 10/15 | -€116,346 | -€121,467 | -€5,121 | -4.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €14,359 | €14,359 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€149,297 | -€154,418 | -€5,121 | -3.4% |
| Provisions and deferred taxes | 16 | €106,591 | €106,591 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €106,591 | €106,591 | = | 0.0% |
| Other liabilities and charges | 164/5 | €106,591 | €106,591 | = | 0.0% |
| Amounts payable | 17/49 | €331,512 | €335,212 | +€3,700 | +1.1% |
| Amounts payable after more than one year | 17 | €106,633 | €106,633 | = | 0.0% |
| Financial debts | 170/4 | €106,633 | €106,633 | = | 0.0% |
| Amounts payable within one year | 42/48 | €224,879 | €228,579 | +€3,700 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €19,000 | €19,000 | = | 0.0% |
| Trade debts | 44 | €851 | €851 | = | 0.0% |
| Suppliers | 440/4 | €851 | €851 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €11,175 | €11,175 | = | 0.0% |
| Taxes | 450/3 | €5,175 | €5,175 | = | 0.0% |
| Remuneration and social security | 454/9 | €6,000 | €6,000 | = | 0.0% |
| Other amounts payable | 47/48 | €193,853 | €197,553 | +€3,700 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,660 | €20,660 | = | 0.0% |
| Other operating charges | 640/8 | €2,079 | €1,478 | -€601 | -28.9% |
| Gross operating margin | 9900 | -€8,276 | €17,380 | +€25,656 | |
| Operating profit (loss) | 9901 | -€31,015 | -€4,758 | +€26,257 | +84.7% |
| Financial charges | 65/66B | €365 | €363 | -€2 | -0.6% |
| Recurring financial charges | 65 | €365 | €363 | -€2 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€31,380 | -€5,121 | +€26,259 | +83.7% |
| Profit (loss) for the period | 9904 | -€31,380 | -€5,121 | +€26,259 | +83.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,380 | -€5,121 | +€26,259 | +83.7% |
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 1 October 2026 via checked.be.