Herose: 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.
What changed
Herose
NACE 69.109, Other legal services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€111,738
2024 · €63,110+€48,629
Equity
€32,143
2024 · €83,515-€51,371
Cash
€55,753
2024 · €60,219-€4,465
Balance sheet total
€492,249
2024 · €450,821+€41,427
Largest movements
Assets
- Receivables within one year +€48,523
up €48,523 (+111.5%), from €43,536 to €92,059
of which Trade receivables: +€48,525
Equity and liabilities
- Other debts +€122,523
up €122,523 (+89.3%), from €137,184 to €259,707
- Reserves -€51,371
down €51,371 (-79.1%), from €64,965 to €13,593
of which Distributable reserves: -€51,371
- Debts after one year -€25,174
down €25,174 (-13.4%), from €187,485 to €162,311
Income statement
- Gross operating margin +€63,995
up €63,995 (+62.7%), from €102,080 to €166,075
- Taxes +€12,835
up €12,835 (+58.0%), from €22,124 to €34,959
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.
Result 2024
€63,110
Gross operating margin
+€63,995
Depreciation
+€702
Other operating charges
+€298
Other operating items
-€3,312
Financial income
-€1
Financial charges
-€218
Taxes
-€12,835
Result 2025
€111,738
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.
From operations
+€184,769
Investment
-€1,658
Financing
-€187,576
Cash 2024
€60,219
From operations (derived)
+€184,769
Net result for the year
+€111,738
Depreciation
+€3,559
Receivables within one year
-€48,523
Deferred charges and accrued income
+€730
Trade debts
-€687
Tax, wage and social debts
-€4,150
Other debts
+€122,523
Accrued charges and deferred income
-€420
Investment (derived)
-€1,658
Investment in fixed assets (net)
-€1,658
Financing
-€187,576
Debts after one year
-€25,174
Current portion of long-term debt
+€508
Short-term financial debts
+€200
Contributions, distributions and other
-€163,110
Cash 2025
€55,753
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €450,821 | €492,249 | +€41,427 | +9.2% |
| Fixed assets | 21/28 | €345,924 | €344,023 | -€1,900 | -0.5% |
| Tangible fixed assets | 22/27 | €20,924 | €19,023 | -€1,900 | -9.1% |
| Furniture and vehicles | 24 | €8,267 | €9,189 | +€921 | +11.1% |
| Other tangible fixed assets | 26 | €12,656 | €9,835 | -€2,822 | -22.3% |
| Financial fixed assets | 28 | €325,000 | €325,000 | = | 0.0% |
| Current assets | 29/58 | €104,897 | €148,225 | +€43,328 | +41.3% |
| Amounts receivable within one year | 40/41 | €43,536 | €92,059 | +€48,523 | +111.5% |
| Trade receivables | 40 | €31,930 | €80,455 | +€48,525 | +152.0% |
| Other amounts receivable | 41 | €11,606 | €11,604 | -€2 | 0.0% |
| Cash at bank and in hand | 54/58 | €60,219 | €55,753 | -€4,465 | -7.4% |
| Deferred charges and accrued income | 490/1 | €1,142 | €412 | -€730 | -63.9% |
| Total equity and liabilities | 10/49 | €450,821 | €492,249 | +€41,427 | +9.2% |
| Equity | 10/15 | €83,515 | €32,143 | -€51,371 | -61.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €64,965 | €13,593 | -€51,371 | -79.1% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €63,110 | €11,738 | -€51,371 | -81.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €367,306 | €460,105 | +€92,799 | +25.3% |
| Amounts payable after more than one year | 17 | €187,485 | €162,311 | -€25,174 | -13.4% |
| Financial debts | 170/4 | €187,485 | €162,311 | -€25,174 | -13.4% |
| Amounts payable within one year | 42/48 | €179,402 | €297,794 | +€118,393 | +66.0% |
| Current portion of amounts payable after more than one year | 42 | €24,666 | €25,174 | +€508 | +2.1% |
| Financial debts | 43 | - | €200 | +€200 | |
| Credit institutions | 430/8 | - | €200 | +€200 | |
| Trade debts | 44 | €1,583 | €896 | -€687 | -43.4% |
| Suppliers | 440/4 | €1,583 | €896 | -€687 | -43.4% |
| Taxes, remuneration and social security | 45 | €15,968 | €11,818 | -€4,150 | -26.0% |
| Taxes | 450/3 | €12,068 | €11,818 | -€250 | -2.1% |
| Remuneration and social security | 454/9 | €3,900 | €0 | -€3,900 | -100.0% |
| Other amounts payable | 47/48 | €137,184 | €259,707 | +€122,523 | +89.3% |
| Accrued charges and deferred income | 492/3 | €420 | €0 | -€420 | -100.0% |
| Non-recurring operating income | 76A | €6,723 | €0 | -€6,723 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,261 | €3,559 | -€702 | -16.5% |
| Other operating charges | 640/8 | €1,069 | €771 | -€298 | -27.9% |
| Non-recurring operating charges | 66A | €0 | €3,312 | +€3,312 | |
| Gross operating margin | 9900 | €102,080 | €166,075 | +€63,995 | +62.7% |
| Operating profit (loss) | 9901 | €96,751 | €158,433 | +€61,683 | +63.8% |
| Financial income | 75/76B | €1 | €0 | -€1 | -97.9% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -97.9% |
| Financial charges | 65/66B | €11,518 | €11,736 | +€218 | +1.9% |
| Recurring financial charges | 65 | €11,518 | €11,736 | +€218 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €85,234 | €146,698 | +€61,464 | +72.1% |
| Income taxes | 67/77 | €22,124 | €34,959 | +€12,835 | +58.0% |
| Profit (loss) for the period | 9904 | €63,110 | €111,738 | +€48,629 | +77.1% |
| Profit (loss) for the period to be appropriated | 9905 | €63,110 | €111,738 | +€48,629 | +77.1% |
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 7 October 2026 via checked.be.