Hernest: 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.
Hernest
Largest movements
- Tangible fixed assets -€27,912
down €27,912 (-30.8%), from €90,663 to €62,751
of which Furniture and vehicles: -€16,164
- Cash +€10,628
up €10,628 (+26.1%), from €40,649 to €51,277
mainly Net result for the year (+€15,735) and Investment in fixed assets (net) (+€15,369)
- Receivables within one year -€5,972
down €5,972 (-4.9%), from €122,839 to €116,868
of which Trade receivables: -€13,202
- Deferred charges and accrued income +€3,610
up €3,610 (+387.9%), from €931 to €4,540
- Other debts -€31,671
down €31,671 (-71.1%), from €44,521 to €12,850
- Short-term financial debts +€13,993
up €13,993 (+1039.5%), from €1,346 to €15,339
- Current portion of long-term debt -€9,761
down €9,761 (-100.0%), from €9,761 to €0
- Tax, wage and social debts +€4,617
up €4,617 (+97.4%), from €4,738 to €9,354
- Financial charges -€124,442
down €124,442 (-99.0%), from €125,702 to €1,260
- Gross operating margin -€73,033
down €73,033 (-51.9%), from €140,621 to €67,588
- Write-downs +€19,444
new in 2025: €19,444
- Taxes +€9,869
up €9,869 (+2757.7%), from €358 to €10,227
- Depreciation -€9,546
down €9,546 (-43.2%), from €22,089 to €12,543
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 | €355,082 | €335,436 | -€19,646 | -5.5% |
| Fixed assets | 21/28 | €190,663 | €162,751 | -€27,912 | -14.6% |
| Tangible fixed assets | 22/27 | €90,663 | €62,751 | -€27,912 | -30.8% |
| Land and buildings | 22 | €67,024 | €56,580 | -€10,443 | -15.6% |
| Furniture and vehicles | 24 | €18,969 | €2,805 | -€16,164 | -85.2% |
| Other tangible fixed assets | 26 | €4,671 | €3,365 | -€1,305 | -27.9% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €164,419 | €172,685 | +€8,266 | +5.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €122,839 | €116,868 | -€5,972 | -4.9% |
| Trade receivables | 40 | €58,756 | €45,554 | -€13,202 | -22.5% |
| Other amounts receivable | 41 | €64,084 | €71,314 | +€7,230 | +11.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €40,649 | €51,277 | +€10,628 | +26.1% |
| Deferred charges and accrued income | 490/1 | €931 | €4,540 | +€3,610 | +387.9% |
| Total equity and liabilities | 10/49 | €355,082 | €335,436 | -€19,646 | -5.5% |
| Equity | 10/15 | €289,889 | €292,774 | +€2,885 | +1.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €225,750 | €228,600 | +€2,850 | +1.3% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €225,650 | €228,500 | +€2,850 | +1.3% |
| Profit (loss) carried forward | 14 | €63,139 | €63,174 | +€35 | +0.1% |
| Amounts payable | 17/49 | €65,193 | €42,661 | -€22,531 | -34.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €65,193 | €41,074 | -€24,118 | -37.0% |
| Current portion of amounts payable after more than one year | 42 | €9,761 | €0 | -€9,761 | -100.0% |
| Financial debts | 43 | €1,346 | €15,339 | +€13,993 | +1039.5% |
| Credit institutions | 430/8 | €1,346 | €15,339 | +€13,993 | +1039.5% |
| Trade debts | 44 | €4,826 | €3,531 | -€1,295 | -26.8% |
| Suppliers | 440/4 | €4,826 | €3,531 | -€1,295 | -26.8% |
| Taxes, remuneration and social security | 45 | €4,738 | €9,354 | +€4,617 | +97.4% |
| Taxes | 450/3 | €4,738 | €9,354 | +€4,617 | +97.4% |
| Other amounts payable | 47/48 | €44,521 | €12,850 | -€31,671 | -71.1% |
| Accrued charges and deferred income | 492/3 | - | €1,587 | +€1,587 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,089 | €12,543 | -€9,546 | -43.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €19,444 | +€19,444 | |
| Other operating charges | 640/8 | €3,199 | €581 | -€2,618 | -81.8% |
| Non-recurring operating charges | 66A | €500 | €10,142 | +€9,642 | +1928.4% |
| Gross operating margin | 9900 | €140,621 | €67,588 | -€73,033 | -51.9% |
| Operating profit (loss) | 9901 | €114,833 | €24,878 | -€89,954 | -78.3% |
| Financial income | 75/76B | €8,171 | €2,344 | -€5,827 | -71.3% |
| Recurring financial income | 75 | €8,171 | €2,344 | -€5,827 | -71.3% |
| Financial charges | 65/66B | €125,702 | €1,260 | -€124,442 | -99.0% |
| Recurring financial charges | 65 | €125,702 | €1,260 | -€124,442 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,698 | €25,962 | +€28,661 | |
| Income taxes | 67/77 | €358 | €10,227 | +€9,869 | +2757.7% |
| Profit (loss) for the period | 9904 | -€3,056 | €15,735 | +€18,791 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,056 | €15,735 | +€18,791 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.