HERNOULD: 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
HERNOULD
NACE 95.250, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€9,781
2024 · €50,398-€60,179
Equity
€278,196
2024 · €287,977-€9,781
Cash
€126,673
2024 · €96,929+€29,744
Balance sheet total
€2.0m
2024 · €1.6m+€481,709
Largest movements
Assets
- Tangible fixed assets +€360,737
up €360,737 (+53.2%), from €678,493 to €1.0m
of which Land and buildings: +€322,576
- Stocks and contracts +€95,061
up €95,061 (+12.9%), from €739,589 to €834,650
- Cash +€29,744
up €29,744 (+30.7%), from €96,929 to €126,673
mainly Debts after one year (+€332,770) and Other debts (+€88,754)
Equity and liabilities
- Debts after one year +€332,770
up €332,770 (+62.9%), from €528,811 to €861,581
- Other debts +€88,754
up €88,754 (+18.5%), from €480,000 to €568,754
- Current portion of long-term debt +€51,548
up €51,548 (+146.8%), from €35,105 to €86,653
Income statement
- Staff costs +€30,753
up €30,753 (+6.2%), from €498,423 to €529,175
- Depreciation +€23,076
up €23,076 (+43.4%), from €53,110 to €76,187
- Write-downs +€18,678
up €18,678 (+56.3%), from -€33,179 to -€14,501
- Gross operating margin +€16,075
up €16,075 (+2.6%), from €610,916 to €626,990
- Taxes -€9,180
down €9,180 (-96.6%), from €9,502 to €322
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
€50,398
Gross operating margin
+€16,075
Staff costs
-€30,753
Depreciation
-€23,076
Write-downs
-€18,678
Other operating charges
-€2,609
Financial income
-€5,091
Financial charges
-€5,226
Taxes
+€9,180
Result 2025
-€9,781
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
+€82,349
Investment
-€436,924
Financing
+€384,318
Cash 2024
€96,929
From operations (derived)
+€82,349
Net result for the year
-€9,781
Depreciation
+€76,187
Stocks and contracts
-€95,061
Receivables within one year
-€1,887
Deferred charges and accrued income
+€5,720
Trade debts
+€18,798
Tax, wage and social debts
-€5,923
Advances received
+€4,645
Other debts
+€88,754
Accrued charges and deferred income
+€897
Investment (derived)
-€436,924
Investment in fixed assets (net)
-€436,924
Financing
+€384,318
Debts after one year
+€332,770
Current portion of long-term debt
+€51,548
Cash 2025
€126,673
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,566,508 | €2,048,217 | +€481,709 | +30.8% |
| Fixed assets | 21/28 | €681,312 | €1,042,049 | +€360,737 | +52.9% |
| Tangible fixed assets | 22/27 | €678,493 | €1,039,230 | +€360,737 | +53.2% |
| Land and buildings | 22 | €674,418 | €996,994 | +€322,576 | +47.8% |
| Plant, machinery and equipment | 23 | €505 | €0 | -€505 | -100.0% |
| Furniture and vehicles | 24 | €3,570 | €7,503 | +€3,934 | +110.2% |
| Leasing and similar rights | 25 | - | €34,732 | +€34,732 | |
| Financial fixed assets | 28 | €2,818 | €2,818 | = | 0.0% |
| Current assets | 29/58 | €885,197 | €1,006,169 | +€120,972 | +13.7% |
| Stocks and contracts in progress | 3 | €739,589 | €834,650 | +€95,061 | +12.9% |
| Stocks | 30/36 | €739,589 | €834,650 | +€95,061 | +12.9% |
| Amounts receivable within one year | 40/41 | €394 | €2,281 | +€1,887 | +478.5% |
| Trade receivables | 40 | €368 | €2,281 | +€1,913 | +519.7% |
| Other amounts receivable | 41 | €26 | €0 | -€26 | -100.0% |
| Cash at bank and in hand | 54/58 | €96,929 | €126,673 | +€29,744 | +30.7% |
| Deferred charges and accrued income | 490/1 | €48,284 | €42,565 | -€5,720 | -11.8% |
| Total equity and liabilities | 10/49 | €1,566,508 | €2,048,217 | +€481,709 | +30.8% |
| Equity | 10/15 | €287,977 | €278,196 | -€9,781 | -3.4% |
| Contributions | 10/11 | €147,000 | €147,000 | = | 0.0% |
| Capital | 10 | €147,000 | €147,000 | = | 0.0% |
| Issued capital | 100 | €147,000 | €147,000 | = | 0.0% |
| Reserves | 13 | €140,977 | €131,196 | -€9,781 | -6.9% |
| Non-distributable reserves | 130/1 | €4,550 | €4,550 | = | 0.0% |
| Legal reserve | 130 | €4,550 | €4,550 | = | 0.0% |
| Distributable reserves | 133 | €136,427 | €126,646 | -€9,781 | -7.2% |
| Amounts payable | 17/49 | €1,278,531 | €1,770,021 | +€491,490 | +38.4% |
| Amounts payable after more than one year | 17 | €528,811 | €861,581 | +€332,770 | +62.9% |
| Financial debts | 170/4 | €528,811 | €861,581 | +€332,770 | +62.9% |
| Amounts payable within one year | 42/48 | €747,770 | €905,593 | +€157,823 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €35,105 | €86,653 | +€51,548 | +146.8% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €85,877 | €104,675 | +€18,798 | +21.9% |
| Suppliers | 440/4 | €85,877 | €104,675 | +€18,798 | +21.9% |
| Advances received on contracts in progress | 46 | €23,300 | €27,945 | +€4,645 | +19.9% |
| Taxes, remuneration and social security | 45 | €48,489 | €42,566 | -€5,923 | -12.2% |
| Taxes | 450/3 | €47,243 | €41,335 | -€5,908 | -12.5% |
| Remuneration and social security | 454/9 | €1,246 | €1,230 | -€15 | -1.2% |
| Other amounts payable | 47/48 | €480,000 | €568,754 | +€88,754 | +18.5% |
| Accrued charges and deferred income | 492/3 | €1,950 | €2,848 | +€897 | +46.0% |
| Remuneration, social security and pensions | 62 | €498,423 | €529,175 | +€30,753 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,110 | €76,187 | +€23,076 | +43.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€33,179 | -€14,501 | +€18,678 | +56.3% |
| Other operating charges | 640/8 | €2,462 | €5,071 | +€2,609 | +106.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €610,916 | €626,990 | +€16,075 | +2.6% |
| Operating profit (loss) | 9901 | €90,100 | €31,058 | -€59,042 | -65.5% |
| Financial income | 75/76B | €15,603 | €10,512 | -€5,091 | -32.6% |
| Recurring financial income | 75 | €15,603 | €10,512 | -€5,091 | -32.6% |
| Financial charges | 65/66B | €45,803 | €51,029 | +€5,226 | +11.4% |
| Recurring financial charges | 65 | €45,803 | €51,029 | +€5,226 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €59,900 | -€9,459 | -€69,359 | |
| Income taxes | 67/77 | €9,502 | €322 | -€9,180 | -96.6% |
| Profit (loss) for the period | 9904 | €50,398 | -€9,781 | -€60,179 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,398 | -€9,781 | -€60,179 |
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 6 October 2026 via checked.be.