Herlyco: 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.
What changed
Herlyco
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€8,978
2024 · -€18,007+€9,029
Equity
€1.1m
2024 · €1.1m-€8,978
Cash
€89,982
2024 · €89,141+€841
Balance sheet total
€1.9m
2024 · €2.0m-€51,664
Largest movements
Assets
- Tangible fixed assets -€53,261
down €53,261 (-2.8%), from €1.9m to €1.8m
Equity and liabilities
- Debts after one year -€35,006
down €35,006 (-4.6%), from €755,214 to €720,208
of which Financial debts: -€35,006
Income statement
- Other operating charges -€4,087
down €4,087 (-41.4%), from €9,878 to €5,790
- Financial charges -€3,580
down €3,580 (-11.2%), from €32,061 to €28,481
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.
Result 2024
-€18,007
Gross operating margin
+€709
Other operating charges
+€4,087
Financial income
+€654
Financial charges
+€3,580
Result 2025
-€8,978
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.
From operations
+€35,549
Investment
€0
Financing
-€34,708
Cash 2024
€89,141
From operations (derived)
+€35,549
Net result for the year
-€8,978
Depreciation
+€53,261
Receivables within one year
-€557
Deferred charges and accrued income
-€199
Trade debts
-€4,247
Tax, wage and social debts
-€1,106
Other debts
-€2,884
Accrued charges and deferred income
+€259
Financing
-€34,708
Debts after one year
-€35,006
Current portion of long-term debt
+€298
Cash 2025
€89,982
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,992,480 | €1,940,816 | -€51,664 | -2.6% |
| Fixed assets | 21/28 | €1,895,629 | €1,842,368 | -€53,261 | -2.8% |
| Tangible fixed assets | 22/27 | €1,895,629 | €1,842,368 | -€53,261 | -2.8% |
| Land and buildings | 22 | €1,895,629 | €1,842,368 | -€53,261 | -2.8% |
| Current assets | 29/58 | €96,851 | €98,448 | +€1,597 | +1.6% |
| Amounts receivable within one year | 40/41 | €7,710 | €8,267 | +€557 | +7.2% |
| Trade receivables | 40 | €7,663 | €7,976 | +€314 | +4.1% |
| Other amounts receivable | 41 | €47 | €291 | +€243 | +513.7% |
| Cash at bank and in hand | 54/58 | €89,141 | €89,982 | +€841 | +0.9% |
| Deferred charges and accrued income | 490/1 | - | €199 | +€199 | |
| Total equity and liabilities | 10/49 | €1,992,480 | €1,940,816 | -€51,664 | -2.6% |
| Equity | 10/15 | €1,133,249 | €1,124,271 | -€8,978 | -0.8% |
| Contributions | 10/11 | €1,197,000 | €1,197,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,751 | -€72,729 | -€8,978 | -14.1% |
| Amounts payable | 17/49 | €859,231 | €816,545 | -€42,686 | -5.0% |
| Amounts payable after more than one year | 17 | €755,214 | €720,208 | -€35,006 | -4.6% |
| Financial debts | 170/4 | €405,214 | €370,208 | -€35,006 | -8.6% |
| Other amounts payable | 178/9 | €350,000 | €350,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €97,684 | €89,745 | -€7,940 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €34,708 | €35,006 | +€298 | +0.9% |
| Trade debts | 44 | €9,738 | €5,491 | -€4,247 | -43.6% |
| Suppliers | 440/4 | €9,738 | €5,491 | -€4,247 | -43.6% |
| Taxes, remuneration and social security | 45 | €12,333 | €11,227 | -€1,106 | -9.0% |
| Taxes | 450/3 | €12,333 | €11,227 | -€1,106 | -9.0% |
| Other amounts payable | 47/48 | €40,905 | €38,021 | -€2,884 | -7.1% |
| Accrued charges and deferred income | 492/3 | €6,333 | €6,592 | +€259 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,261 | €53,261 | = | 0.0% |
| Other operating charges | 640/8 | €9,878 | €5,790 | -€4,087 | -41.4% |
| Gross operating margin | 9900 | €77,035 | €77,743 | +€709 | +0.9% |
| Operating profit (loss) | 9901 | €13,896 | €18,691 | +€4,796 | +34.5% |
| Financial income | 75/76B | €158 | €812 | +€654 | +413.7% |
| Recurring financial income | 75 | €158 | €812 | +€654 | +413.7% |
| Financial charges | 65/66B | €32,061 | €28,481 | -€3,580 | -11.2% |
| Recurring financial charges | 65 | €32,061 | €28,481 | -€3,580 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,007 | -€8,978 | +€9,029 | +50.1% |
| Profit (loss) for the period | 9904 | -€18,007 | -€8,978 | +€9,029 | +50.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,007 | -€8,978 | +€9,029 | +50.1% |
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 5 October 2026 via checked.be.