HERNOULD CECILE: what changed
Two financial 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.
HERNOULD CECILE
Largest movements
- Tangible fixed assets -€16,225
down €16,225 (-26.1%), from €62,087 to €45,862
of which Furniture and vehicles: -€9,183
- Stocks and contracts +€13,314
up €13,314 (+5.3%), from €250,879 to €264,193
- Receivables within one year -€9,543
down €9,543 (-78.0%), from €12,235 to €2,692
of which Other amounts receivable: -€6,564
- Debts after one year -€25,078
down €25,078 (-41.6%), from €60,226 to €35,148
of which Other amounts payable: -€14,800
- Other debts +€23,000
new in 2025: €23,000
- Trade debts -€7,271
down €7,271 (-26.6%), from €27,285 to €20,015
- Gross operating margin +€8,651
up €8,651 (+19.0%), from €45,574 to €54,225
- Taxes +€3,165
up €3,165 (+49.3%), from €6,422 to €9,588
- Write-downs -€1,804
down €1,804 (-44.9%), from €4,018 to €2,214
- Depreciation -€784
down €784 (-4.3%), from €18,165 to €17,382
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.
Derived cash bridge
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 | €353,794 | €344,123 | -€9,670 | -2.7% |
| Fixed assets | 21/28 | €64,135 | €47,910 | -€16,225 | -25.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €62,087 | €45,862 | -€16,225 | -26.1% |
| Land and buildings | 22 | €30,603 | €24,819 | -€5,784 | -18.9% |
| Plant, machinery and equipment | 23 | €2,499 | €1,240 | -€1,259 | -50.4% |
| Furniture and vehicles | 24 | €28,985 | €19,802 | -€9,183 | -31.7% |
| Financial fixed assets | 28 | €2,048 | €2,048 | = | 0.0% |
| Current assets | 29/58 | €289,659 | €296,214 | +€6,555 | +2.3% |
| Stocks and contracts in progress | 3 | €250,879 | €264,193 | +€13,314 | +5.3% |
| Stocks | 30/36 | €250,879 | €264,193 | +€13,314 | +5.3% |
| Amounts receivable within one year | 40/41 | €12,235 | €2,692 | -€9,543 | -78.0% |
| Trade receivables | 40 | €4,125 | €1,146 | -€2,979 | -72.2% |
| Other amounts receivable | 41 | €8,110 | €1,546 | -€6,564 | -80.9% |
| Cash at bank and in hand | 54/58 | €21,976 | €25,140 | +€3,164 | +14.4% |
| Deferred charges and accrued income | 490/1 | €4,570 | €4,189 | -€381 | -8.3% |
| Total equity and liabilities | 10/49 | €353,794 | €344,123 | -€9,670 | -2.7% |
| Equity | 10/15 | €253,064 | €252,578 | -€486 | -0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €119,617 | €119,131 | -€486 | -0.4% |
| Tax-exempt reserves | 132 | €9,832 | €6,461 | -€3,371 | -34.3% |
| Distributable reserves | 133 | €109,785 | €112,670 | +€2,885 | +2.6% |
| Profit (loss) carried forward | 14 | €114,847 | €114,847 | = | 0.0% |
| Provisions and deferred taxes | 16 | €2,360 | €1,517 | -€843 | -35.7% |
| Deferred taxes | 168 | €2,360 | €1,517 | -€843 | -35.7% |
| Amounts payable | 17/49 | €98,370 | €90,029 | -€8,342 | -8.5% |
| Amounts payable after more than one year | 17 | €60,226 | €35,148 | -€25,078 | -41.6% |
| Financial debts | 170/4 | €36,041 | €25,763 | -€10,278 | -28.5% |
| Other amounts payable | 178/9 | €24,185 | €9,385 | -€14,800 | -61.2% |
| Amounts payable within one year | 42/48 | €38,144 | €54,881 | +€16,736 | +43.9% |
| Current portion of amounts payable after more than one year | 42 | €9,993 | €10,278 | +€285 | +2.9% |
| Trade debts | 44 | €27,285 | €20,015 | -€7,271 | -26.6% |
| Suppliers | 440/4 | €27,285 | €20,015 | -€7,271 | -26.6% |
| Taxes, remuneration and social security | 45 | €866 | €1,588 | +€722 | +83.3% |
| Taxes | 450/3 | €838 | €1,588 | +€750 | +89.5% |
| Remuneration and social security | 454/9 | €28 | - | -€28 | |
| Other amounts payable | 47/48 | - | €23,000 | +€23,000 | |
| Remuneration, social security and pensions | 62 | €473 | €490 | +€18 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,165 | €17,382 | -€784 | -4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,018 | €2,214 | -€1,804 | -44.9% |
| Other operating charges | 640/8 | €717 | €1,003 | +€286 | +39.9% |
| Gross operating margin | 9900 | €45,574 | €54,225 | +€8,651 | +19.0% |
| Operating profit (loss) | 9901 | €22,201 | €33,136 | +€10,935 | +49.3% |
| Financial charges | 65/66B | €2,057 | €1,877 | -€179 | -8.7% |
| Recurring financial charges | 65 | €2,057 | €1,877 | -€179 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €20,145 | €31,259 | +€11,114 | +55.2% |
| Transfer from deferred taxes | 780 | €843 | €843 | = | 0.0% |
| Income taxes | 67/77 | €6,422 | €9,588 | +€3,165 | +49.3% |
| Profit (loss) for the period | 9904 | €14,565 | €22,514 | +€7,949 | +54.6% |
| Transfer from tax-exempt reserves | 789 | €3,371 | €3,371 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,936 | €25,885 | +€7,949 | +44.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.