HERNICOS: 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.
HERNICOS
Largest movements
- Cash +€90,213
up €90,213 (+134.7%), from €66,983 to €157,195
mainly Net result for the year (+€114,691) and Current investments (+€36,000)
- Current investments -€36,000
down €36,000 (-60.0%), from €60,000 to €24,000
- Receivables within one year +€32,183
up €32,183 (+144.5%), from €22,267 to €54,450
- Deferred charges and accrued income +€19,613
up €19,613 (+2123.4%), from €924 to €20,537
- Profit (loss) carried forward +€114,691
up €114,691 (+120.1%), from €95,519 to €210,210
- Advances received -€9,317
no longer reported in 2025 (was €9,317)
- Tax, wage and social debts +€4,897
up €4,897 (+13.0%), from €37,582 to €42,480
- Trade debts -€2,990
down €2,990 (-87.7%), from €3,411 to €421
- Gross operating margin +€64,282
up €64,282 (+75.2%), from €85,504 to €149,786
- Taxes +€15,151
up €15,151 (+86.7%), from €17,469 to €32,619
- Financial charges +€2,042
up €2,042 (+651.1%), from €314 to €2,356
- Financial income +€1,860
new in 2025: €1,860
- Other operating charges +€1,616
new in 2025: €1,616
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 | €152,647 | €258,986 | +€106,339 | +69.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,474 | €2,804 | +€330 | +13.3% |
| Tangible fixed assets | 22/27 | €2,474 | €2,804 | +€330 | +13.3% |
| Plant, machinery and equipment | 23 | €1,887 | €1,677 | -€210 | -11.1% |
| Furniture and vehicles | 24 | €587 | €1,127 | +€540 | +92.0% |
| Current assets | 29/58 | €150,174 | €256,183 | +€106,009 | +70.6% |
| Amounts receivable within one year | 40/41 | €22,267 | €54,450 | +€32,183 | +144.5% |
| Trade receivables | 40 | €22,267 | €54,450 | +€32,183 | +144.5% |
| Current investments | 50/53 | €60,000 | €24,000 | -€36,000 | -60.0% |
| Cash at bank and in hand | 54/58 | €66,983 | €157,195 | +€90,213 | +134.7% |
| Deferred charges and accrued income | 490/1 | €924 | €20,537 | +€19,613 | +2123.4% |
| Total equity and liabilities | 10/49 | €152,647 | €258,986 | +€106,339 | +69.7% |
| Equity | 10/15 | €97,919 | €212,610 | +€114,691 | +117.1% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,519 | €210,210 | +€114,691 | +120.1% |
| Amounts payable | 17/49 | €54,728 | €46,376 | -€8,352 | -15.3% |
| Amounts payable within one year | 42/48 | €54,556 | €46,141 | -€8,415 | -15.4% |
| Trade debts | 44 | €3,411 | €421 | -€2,990 | -87.7% |
| Suppliers | 440/4 | €3,411 | €421 | -€2,990 | -87.7% |
| Advances received on contracts in progress | 46 | €9,317 | - | -€9,317 | |
| Taxes, remuneration and social security | 45 | €37,582 | €42,480 | +€4,897 | +13.0% |
| Taxes | 450/3 | €37,582 | €42,480 | +€4,897 | +13.0% |
| Other amounts payable | 47/48 | €4,246 | €3,240 | -€1,005 | -23.7% |
| Accrued charges and deferred income | 492/3 | €172 | €236 | +€64 | +37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €941 | €365 | -€576 | -61.2% |
| Other operating charges | 640/8 | - | €1,616 | +€1,616 | |
| Gross operating margin | 9900 | €85,504 | €149,786 | +€64,282 | +75.2% |
| Operating profit (loss) | 9901 | €84,563 | €147,806 | +€63,242 | +74.8% |
| Financial income | 75/76B | - | €1,860 | +€1,860 | |
| Recurring financial income | 75 | - | €1,860 | +€1,860 | |
| Financial charges | 65/66B | €314 | €2,356 | +€2,042 | +651.1% |
| Recurring financial charges | 65 | €314 | €2,356 | +€2,042 | +651.1% |
| Profit (loss) for the period before taxes | 9903 | €84,250 | €147,310 | +€63,060 | +74.8% |
| Income taxes | 67/77 | €17,469 | €32,619 | +€15,151 | +86.7% |
| Profit (loss) for the period | 9904 | €66,781 | €114,691 | +€47,910 | +71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,781 | €114,691 | +€47,910 | +71.7% |
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 29 September 2026 via checked.be.