HEROMA: 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.
HEROMA
Largest movements
- Receivables within one year +€192,701
up €192,701 (+95.3%), from €202,205 to €394,905
of which Trade receivables: +€192,709
- Cash -€118,147
down €118,147 (-45.3%), from €260,816 to €142,669
mainly Short-term financial debts (-€200,000) and Receivables within one year (-€192,701)
- Stocks and contracts -€27,313
down €27,313 (-6.5%), from €419,238 to €391,925
- Tangible fixed assets -€13,095
down €13,095 (-6.1%), from €213,654 to €200,559
of which Land and buildings: -€10,000
- Short-term financial debts -€200,000
down €200,000 (-57.1%), from €350,000 to €150,000
- Profit (loss) carried forward +€125,317
up €125,317 (+110%), from €113,997 to €239,314
- Trade debts +€49,673
up €49,673 (+54.3%), from €91,466 to €141,139
- Other debts +€33,377
up €33,377 (+13,351%), from €250 to €33,627
- Tax, wage and social debts +€23,618
up €23,618 (+54.6%), from €43,230 to €66,848
of which Taxes: +€33,096
- Gross operating margin +€97,830
up €97,830 (+19.7%), from €496,453 to €594,284
- Taxes +€17,799
up €17,799 (+12,902%), from €138 to €17,937
- Financial income +€9,061
up €9,061 (+10,090%), from €90 to €9,150
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,220,482 | €1,252,289 | +€31,807 | +2.6% |
| Fixed assets | 21/28 | €216,537 | €203,442 | -€13,095 | -6.0% |
| Tangible fixed assets | 22/27 | €213,654 | €200,559 | -€13,095 | -6.1% |
| Land and buildings | 22 | €200,000 | €190,000 | -€10,000 | -5.0% |
| Plant, machinery and equipment | 23 | €9,437 | €9,157 | -€280 | -3.0% |
| Furniture and vehicles | 24 | €4,217 | €1,403 | -€2,815 | -66.7% |
| Financial fixed assets | 28 | €2,883 | €2,883 | = | 0.0% |
| Current assets | 29/58 | €1,003,945 | €1,048,847 | +€44,902 | +4.5% |
| Stocks and contracts in progress | 3 | €419,238 | €391,925 | -€27,313 | -6.5% |
| Stocks | 30/36 | €419,238 | €391,925 | -€27,313 | -6.5% |
| Amounts receivable within one year | 40/41 | €202,205 | €394,905 | +€192,701 | +95.3% |
| Trade receivables | 40 | €202,196 | €394,905 | +€192,709 | +95.3% |
| Other amounts receivable | 41 | €9 | €0 | -€9 | -100% |
| Current investments | 50/53 | €108,000 | €108,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €260,816 | €142,669 | -€118,147 | -45.3% |
| Deferred charges and accrued income | 490/1 | €13,686 | €11,347 | -€2,339 | -17.1% |
| Total equity and liabilities | 10/49 | €1,220,482 | €1,252,289 | +€31,807 | +2.6% |
| Equity | 10/15 | €507,648 | €632,965 | +€125,317 | +24.7% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €275,051 | €275,051 | = | 0.0% |
| Non-distributable reserves | 130/1 | €108,000 | €108,000 | = | 0.0% |
| Own shares acquired | 1312 | €108,000 | €108,000 | = | 0.0% |
| Distributable reserves | 133 | €167,051 | €167,051 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,997 | €239,314 | +€125,317 | +110% |
| Amounts payable | 17/49 | €712,834 | €619,323 | -€93,511 | -13.1% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 170/4 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €512,834 | €419,323 | -€93,511 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €27,888 | €27,709 | -€179 | -0.6% |
| Financial debts | 43 | €350,000 | €150,000 | -€200,000 | -57.1% |
| Credit institutions | 430/8 | €350,000 | €150,000 | -€200,000 | -57.1% |
| Trade debts | 44 | €91,466 | €141,139 | +€49,673 | +54.3% |
| Suppliers | 440/4 | €91,466 | €141,139 | +€49,673 | +54.3% |
| Taxes, remuneration and social security | 45 | €43,230 | €66,848 | +€23,618 | +54.6% |
| Taxes | 450/3 | €13,881 | €46,977 | +€33,096 | +238% |
| Remuneration and social security | 454/9 | €29,349 | €19,871 | -€9,478 | -32.3% |
| Other amounts payable | 47/48 | €250 | €33,627 | +€33,377 | +13,351% |
| Remuneration, social security and pensions | 62 | €376,514 | €376,058 | -€456 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,601 | €16,023 | -€1,578 | -9.0% |
| Other operating charges | 640/8 | €16,951 | €13,309 | -€3,642 | -21.5% |
| Gross operating margin | 9900 | €496,453 | €594,284 | +€97,830 | +19.7% |
| Operating profit (loss) | 9901 | €85,387 | €188,893 | +€103,506 | +121% |
| Financial income | 75/76B | €90 | €9,150 | +€9,061 | +10,090% |
| Recurring financial income | 75 | €90 | €9,150 | +€9,061 | +10,090% |
| Financial charges | 65/66B | €29,345 | €34,789 | +€5,445 | +18.6% |
| Recurring financial charges | 65 | €29,345 | €34,789 | +€5,445 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | €56,132 | €163,254 | +€107,122 | +191% |
| Income taxes | 67/77 | €138 | €17,937 | +€17,799 | +12,902% |
| Profit (loss) for the period | 9904 | €55,994 | €145,317 | +€89,323 | +160% |
| Profit (loss) for the period to be appropriated | 9905 | €55,994 | €145,317 | +€89,323 | +160% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.