HEROLD HONORE: 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.
HEROLD HONORE
Largest movements
- Receivables within one year +€26,625
up €26,625 (+30.9%), from €86,124 to €112,748
of which Trade receivables: +€27,521
- Tangible fixed assets +€20,827
up €20,827 (+101%), from €20,690 to €41,517
of which Furniture and vehicles: +€20,382
- Current investments -€15,000
no longer reported in 2024 (was €15,000)
- Cash +€5,869
up €5,869 (+2.0%), from €297,231 to €303,100
mainly Net result for the year (+€72,204) and Current investments (+€15,000)
- Reserves +€45,000
up €45,000 (+29.4%), from €152,834 to €197,834
- Profit (loss) carried forward +€24,804
up €24,804 (+13.4%), from €185,473 to €210,277
- Tax, wage and social debts -€23,238
down €23,238 (-50.9%), from €45,690 to €22,452
- Trade debts -€6,832
down €6,832 (-50.2%), from €13,603 to €6,771
- Gross operating margin -€19,884
down €19,884 (-11.7%), from €169,345 to €149,460
- Financial charges +€15,656
up €15,656 (+1,866%), from €839 to €16,495
- Other operating charges +€13,878
up €13,878 (+594%), from €2,335 to €16,213
- Taxes -€7,128
down €7,128 (-16.8%), from €42,370 to €35,242
- Depreciation -€6,527
down €6,527 (-38.1%), from €17,127 to €10,600
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €421,594 | €459,915 | +€38,321 | +9.1% |
| Fixed assets | 21/28 | €23,240 | €44,067 | +€20,827 | +89.6% |
| Tangible fixed assets | 22/27 | €20,690 | €41,517 | +€20,827 | +101% |
| Plant, machinery and equipment | 23 | €1,297 | €3,587 | +€2,290 | +177% |
| Furniture and vehicles | 24 | €13,860 | €34,242 | +€20,382 | +147% |
| Other tangible fixed assets | 26 | €5,533 | €3,688 | -€1,844 | -33.3% |
| Financial fixed assets | 28 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €398,355 | €415,848 | +€17,493 | +4.4% |
| Amounts receivable within one year | 40/41 | €86,124 | €112,748 | +€26,625 | +30.9% |
| Trade receivables | 40 | €85,228 | €112,748 | +€27,521 | +32.3% |
| Other amounts receivable | 41 | €896 | - | -€896 | |
| Current investments | 50/53 | €15,000 | - | -€15,000 | |
| Cash at bank and in hand | 54/58 | €297,231 | €303,100 | +€5,869 | +2.0% |
| Total equity and liabilities | 10/49 | €421,594 | €459,915 | +€38,321 | +9.1% |
| Equity | 10/15 | €359,208 | €429,012 | +€69,804 | +19.4% |
| Contributions | 10/11 | €20,900 | €20,900 | = | 0.0% |
| Reserves | 13 | €152,834 | €197,834 | +€45,000 | +29.4% |
| Distributable reserves | 133 | €152,834 | €197,834 | +€45,000 | +29.4% |
| Profit (loss) carried forward | 14 | €185,473 | €210,277 | +€24,804 | +13.4% |
| Amounts payable | 17/49 | €62,387 | €30,903 | -€31,484 | -50.5% |
| Amounts payable within one year | 42/48 | €62,387 | €30,903 | -€31,484 | -50.5% |
| Current portion of amounts payable after more than one year | 42 | €1,413 | - | -€1,413 | |
| Trade debts | 44 | €13,603 | €6,771 | -€6,832 | -50.2% |
| Suppliers | 440/4 | €13,603 | €6,771 | -€6,832 | -50.2% |
| Taxes, remuneration and social security | 45 | €45,690 | €22,452 | -€23,238 | -50.9% |
| Taxes | 450/3 | €45,690 | €22,452 | -€23,238 | -50.9% |
| Other amounts payable | 47/48 | €1,680 | €1,680 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,127 | €10,600 | -€6,527 | -38.1% |
| Other operating charges | 640/8 | €2,335 | €16,213 | +€13,878 | +594% |
| Gross operating margin | 9900 | €169,345 | €149,460 | -€19,884 | -11.7% |
| Operating profit (loss) | 9901 | €149,883 | €122,648 | -€27,235 | -18.2% |
| Financial income | 75/76B | €51 | €1,293 | +€1,242 | +2,433% |
| Recurring financial income | 75 | €51 | €1,293 | +€1,242 | +2,433% |
| Financial charges | 65/66B | €839 | €16,495 | +€15,656 | +1,866% |
| Recurring financial charges | 65 | €839 | €16,495 | +€15,656 | +1,866% |
| Profit (loss) for the period before taxes | 9903 | €149,095 | €107,446 | -€41,649 | -27.9% |
| Income taxes | 67/77 | €42,370 | €35,242 | -€7,128 | -16.8% |
| Profit (loss) for the period | 9904 | €106,725 | €72,204 | -€34,521 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €106,725 | €72,204 | -€34,521 | -32.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.