HERLY: 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.
HERLY
Largest movements
- Tangible fixed assets -€7,549
down €7,549 (-5.0%), from €151,476 to €143,927
of which Furniture and vehicles: -€19,435
- Other debts -€70,287
down €70,287 (-68.2%), from €102,999 to €32,712
- Profit (loss) carried forward +€58,327
up €58,327, from -€38,499 to €19,828
- Advances received +€10,713
up €10,713 (+128.4%), from €8,345 to €19,058
- Debts after one year -€9,534
down €9,534 (-25.4%), from €37,542 to €28,008
- Trade debts +€5,694
up €5,694 (+45.2%), from €12,607 to €18,301
- Staff costs -€35,869
down €35,869 (-25.6%), from €140,323 to €104,454
- Taxes +€9,770
up €9,770 (+89.3%), from €10,943 to €20,713
- Gross operating margin +€7,549
up €7,549 (+3.6%), from €212,165 to €219,714
- Depreciation +€4,925
up €4,925 (+21.7%), from €22,666 to €27,591
- Other operating charges +€3,929
up €3,929 (+288.3%), from €1,363 to €5,292
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 | €263,014 | €252,426 | -€10,588 | -4.0% |
| Fixed assets | 21/28 | €151,476 | €143,927 | -€7,549 | -5.0% |
| Tangible fixed assets | 22/27 | €151,476 | €143,927 | -€7,549 | -5.0% |
| Land and buildings | 22 | €59,945 | €71,831 | +€11,886 | +19.8% |
| Furniture and vehicles | 24 | €91,531 | €72,097 | -€19,435 | -21.2% |
| Current assets | 29/58 | €111,538 | €108,498 | -€3,039 | -2.7% |
| Stocks and contracts in progress | 3 | €5,000 | €4,500 | -€500 | -10.0% |
| Stocks | 30/36 | €5,000 | €4,500 | -€500 | -10.0% |
| Amounts receivable within one year | 40/41 | €4,578 | €2,969 | -€1,608 | -35.1% |
| Other amounts receivable | 41 | €4,578 | €2,969 | -€1,608 | -35.1% |
| Cash at bank and in hand | 54/58 | €101,665 | €101,029 | -€636 | -0.6% |
| Deferred charges and accrued income | 490/1 | €295 | - | -€295 | |
| Total equity and liabilities | 10/49 | €263,014 | €252,426 | -€10,588 | -4.0% |
| Equity | 10/15 | €61,785 | €120,111 | +€58,327 | +94.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Share premium | 1100/10 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €38,284 | €38,284 | = | 0.0% |
| Distributable reserves | 133 | €38,284 | €38,284 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,499 | €19,828 | +€58,327 | |
| Amounts payable | 17/49 | €201,229 | €132,314 | -€68,915 | -34.2% |
| Amounts payable after more than one year | 17 | €37,542 | €28,008 | -€9,534 | -25.4% |
| Financial debts | 170/4 | €37,542 | €28,008 | -€9,534 | -25.4% |
| Amounts payable within one year | 42/48 | €162,997 | €104,306 | -€58,691 | -36.0% |
| Current portion of amounts payable after more than one year | 42 | €11,138 | €9,534 | -€1,603 | -14.4% |
| Trade debts | 44 | €12,607 | €18,301 | +€5,694 | +45.2% |
| Suppliers | 440/4 | €12,607 | €18,301 | +€5,694 | +45.2% |
| Advances received on contracts in progress | 46 | €8,345 | €19,058 | +€10,713 | +128.4% |
| Taxes, remuneration and social security | 45 | €27,908 | €24,701 | -€3,208 | -11.5% |
| Taxes | 450/3 | €18,252 | €12,073 | -€6,179 | -33.9% |
| Remuneration and social security | 454/9 | €9,656 | €12,628 | +€2,972 | +30.8% |
| Other amounts payable | 47/48 | €102,999 | €32,712 | -€70,287 | -68.2% |
| Accrued charges and deferred income | 492/3 | €690 | - | -€690 | |
| Remuneration, social security and pensions | 62 | €140,323 | €104,454 | -€35,869 | -25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,666 | €27,591 | +€4,925 | +21.7% |
| Other operating charges | 640/8 | €1,363 | €5,292 | +€3,929 | +288.3% |
| Gross operating margin | 9900 | €212,165 | €219,714 | +€7,549 | +3.6% |
| Operating profit (loss) | 9901 | €47,812 | €82,376 | +€34,564 | +72.3% |
| Financial charges | 65/66B | €1,489 | €3,336 | +€1,848 | +124.1% |
| Recurring financial charges | 65 | €1,489 | €3,336 | +€1,848 | +124.1% |
| Profit (loss) for the period before taxes | 9903 | €46,324 | €79,040 | +€32,716 | +70.6% |
| Income taxes | 67/77 | €10,943 | €20,713 | +€9,770 | +89.3% |
| Profit (loss) for the period | 9904 | €35,380 | €58,327 | +€22,946 | +64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,380 | €58,327 | +€22,946 | +64.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.