HeRo Services: 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.
HeRo Services
Largest movements
- Current investments +€51,008
up €51,008 (+255.0%), from €20,000 to €71,008
- Cash -€11,518
down €11,518 (-84.0%), from €13,718 to €2,200
mainly Current investments (-€51,008) and Investment in fixed assets (net) (-€1,233)
- Receivables within one year -€1,706
down €1,706 (-10.3%), from €16,517 to €14,810
of which Trade receivables: -€1,706
- Tangible fixed assets -€1,349
down €1,349 (-11.1%), from €12,199 to €10,850
of which Other tangible fixed assets: -€1,048
- Profit (loss) carried forward +€37,059
up €37,059 (+64.1%), from €57,825 to €94,884
- Trade debts -€1,102
down €1,102 (-47.1%), from €2,340 to €1,238
- Gross operating margin +€11,148
up €11,148 (+25.6%), from €43,479 to €54,628
- Taxes +€3,285
up €3,285 (+38.3%), from €8,575 to €11,860
- Depreciation +€629
up €629 (+32.2%), from €1,953 to €2,582
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 | €71,042 | €106,526 | +€35,485 | +49.9% |
| Fixed assets | 21/28 | €12,199 | €10,850 | -€1,349 | -11.1% |
| Tangible fixed assets | 22/27 | €12,199 | €10,850 | -€1,349 | -11.1% |
| Plant, machinery and equipment | 23 | €1,150 | €398 | -€752 | -65.4% |
| Furniture and vehicles | 24 | €1,411 | €1,862 | +€451 | +32.0% |
| Other tangible fixed assets | 26 | €9,638 | €8,590 | -€1,048 | -10.9% |
| Current assets | 29/58 | €58,843 | €95,677 | +€36,834 | +62.6% |
| Amounts receivable within one year | 40/41 | €16,517 | €14,810 | -€1,706 | -10.3% |
| Trade receivables | 40 | €16,517 | €14,810 | -€1,706 | -10.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €20,000 | €71,008 | +€51,008 | +255.0% |
| Cash at bank and in hand | 54/58 | €13,718 | €2,200 | -€11,518 | -84.0% |
| Deferred charges and accrued income | 490/1 | €8,608 | €7,658 | -€950 | -11.0% |
| Total equity and liabilities | 10/49 | €71,042 | €106,526 | +€35,485 | +49.9% |
| Equity | 10/15 | €59,825 | €96,884 | +€37,059 | +61.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,825 | €94,884 | +€37,059 | +64.1% |
| Amounts payable | 17/49 | €11,217 | €9,642 | -€1,575 | -14.0% |
| Amounts payable within one year | 42/48 | €11,217 | €9,642 | -€1,575 | -14.0% |
| Financial debts | 43 | €181 | €1 | -€180 | -99.5% |
| Other loans | 439 | €181 | €1 | -€180 | -99.5% |
| Trade debts | 44 | €2,340 | €1,238 | -€1,102 | -47.1% |
| Suppliers | 440/4 | €2,340 | €1,238 | -€1,102 | -47.1% |
| Taxes, remuneration and social security | 45 | €8,452 | €8,329 | -€123 | -1.5% |
| Taxes | 450/3 | €8,452 | €8,329 | -€123 | -1.5% |
| Other amounts payable | 47/48 | €243 | €74 | -€169 | -69.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,953 | €2,582 | +€629 | +32.2% |
| Other operating charges | 640/8 | €523 | €868 | +€345 | +65.9% |
| Gross operating margin | 9900 | €43,479 | €54,628 | +€11,148 | +25.6% |
| Operating profit (loss) | 9901 | €41,003 | €51,177 | +€10,174 | +24.8% |
| Financial income | 75/76B | €122 | €665 | +€544 | +447.1% |
| Recurring financial income | 75 | €122 | €665 | +€544 | +447.1% |
| Financial charges | 65/66B | €3,178 | €2,923 | -€255 | -8.0% |
| Recurring financial charges | 65 | €3,178 | €2,923 | -€255 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €37,947 | €48,920 | +€10,973 | +28.9% |
| Income taxes | 67/77 | €8,575 | €11,860 | +€3,285 | +38.3% |
| Profit (loss) for the period | 9904 | €29,371 | €37,059 | +€7,688 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,371 | €37,059 | +€7,688 | +26.2% |
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 8 October 2026 via checked.be.