HERODOTE: 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.
HERODOTE
Largest movements
- Cash +€11,541
up €11,541 (+10.5%), from €109,423 to €120,963
mainly Net result for the year (+€31,651) and Other debts (+€30,144)
- Intangible fixed assets -€4,076
down €4,076 (-29.9%), from €13,638 to €9,561
- Receivables within one year -€2,695
down €2,695 (-32.0%), from €8,424 to €5,729
of which Other amounts receivable: -€2,835
- Tangible fixed assets -€2,523
down €2,523 (-63.5%), from €3,971 to €1,448
- Profit (loss) carried forward -€32,678
no longer reported in 2025 (was €32,678)
- Other debts +€30,144
up €30,144 (+1152.5%), from €2,616 to €32,759
- Tax, wage and social debts +€7,842
up €7,842 (+379.8%), from €2,064 to €9,906
- Trade debts -€2,715
down €2,715 (-45.3%), from €5,993 to €3,278
- Gross operating margin +€33,923
up €33,923 (+209.6%), from €16,184 to €50,107
- Taxes +€9,193
up €9,193 (+445.3%), from €2,064 to €11,257
- Depreciation -€733
down €733 (-10.0%), from €7,332 to €6,600
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 | €135,806 | €138,398 | +€2,592 | +1.9% |
| Fixed assets | 21/28 | €17,659 | €11,060 | -€6,600 | -37.4% |
| Intangible fixed assets | 21 | €13,638 | €9,561 | -€4,076 | -29.9% |
| Tangible fixed assets | 22/27 | €3,971 | €1,448 | -€2,523 | -63.5% |
| Furniture and vehicles | 24 | €3,971 | €1,448 | -€2,523 | -63.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €118,147 | €127,339 | +€9,192 | +7.8% |
| Amounts receivable within one year | 40/41 | €8,424 | €5,729 | -€2,695 | -32.0% |
| Trade receivables | 40 | - | €140 | +€140 | |
| Other amounts receivable | 41 | €8,424 | €5,589 | -€2,835 | -33.7% |
| Cash at bank and in hand | 54/58 | €109,423 | €120,963 | +€11,541 | +10.5% |
| Deferred charges and accrued income | 490/1 | €300 | €646 | +€346 | +115.5% |
| Total equity and liabilities | 10/49 | €135,806 | €138,398 | +€2,592 | +1.9% |
| Equity | 10/15 | €125,133 | €92,455 | -€32,678 | -26.1% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €90,055 | €90,055 | = | 0.0% |
| Distributable reserves | 133 | €90,055 | €90,055 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,678 | - | -€32,678 | |
| Amounts payable | 17/49 | €10,673 | €45,944 | +€35,270 | +330.4% |
| Amounts payable within one year | 42/48 | €10,673 | €45,944 | +€35,270 | +330.4% |
| Trade debts | 44 | €5,993 | €3,278 | -€2,715 | -45.3% |
| Suppliers | 440/4 | €5,993 | €3,278 | -€2,715 | -45.3% |
| Taxes, remuneration and social security | 45 | €2,064 | €9,906 | +€7,842 | +379.8% |
| Taxes | 450/3 | €2,064 | €9,906 | +€7,842 | +379.8% |
| Other amounts payable | 47/48 | €2,616 | €32,759 | +€30,144 | +1152.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,332 | €6,600 | -€733 | -10.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €188 | €1 | -€187 | -99.5% |
| Gross operating margin | 9900 | €16,184 | €50,107 | +€33,923 | +209.6% |
| Operating profit (loss) | 9901 | €8,276 | €43,107 | +€34,830 | +420.8% |
| Financial income | 75/76B | €46 | €11 | -€35 | -75.5% |
| Recurring financial income | 75 | €46 | €11 | -€35 | -75.5% |
| Financial charges | 65/66B | €252 | €209 | -€43 | -17.0% |
| Recurring financial charges | 65 | €252 | €209 | -€43 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €8,071 | €42,909 | +€34,838 | +431.7% |
| Income taxes | 67/77 | €2,064 | €11,257 | +€9,193 | +445.3% |
| Profit (loss) for the period | 9904 | €6,006 | €31,651 | +€25,645 | +427.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,006 | €31,651 | +€25,645 | +427.0% |
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 30 September 2026 via checked.be.