HERPABEL: 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.
HERPABEL
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Short-term financial debts -€64,480
no longer reported in 2025 (was €64,480)
- Debts after one year +€62,480
new in 2025: €62,480
- Accrued charges and deferred income +€4,299
up €4,299 (+7.6%), from €56,799 to €61,098
- Financial charges -€1,079
down €1,079 (-19.9%), from €5,427 to €4,348
- Other operating charges +€58
up €58 (+5.7%), from €1,022 to €1,080
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 | €396,314 | €395,971 | -€343 | -0.1% |
| Fixed assets | 21/28 | €395,761 | €395,761 | = | 0.0% |
| Tangible fixed assets | 22/27 | €395,761 | €395,761 | = | 0.0% |
| Land and buildings | 22 | €395,761 | €395,761 | = | 0.0% |
| Current assets | 29/58 | €553 | €210 | -€343 | -62.0% |
| Cash at bank and in hand | 54/58 | €553 | €210 | -€343 | -62.0% |
| Total equity and liabilities | 10/49 | €396,314 | €395,971 | -€343 | -0.1% |
| Equity | 10/15 | €275,035 | €272,393 | -€2,642 | -1.0% |
| Contributions | 10/11 | €402,827 | €402,827 | = | 0.0% |
| Capital | 10 | €402,827 | €402,827 | = | 0.0% |
| Issued capital | 100 | €402,827 | €402,827 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,792 | -€130,434 | -€2,642 | -2.1% |
| Amounts payable | 17/49 | €121,279 | €123,578 | +€2,299 | +1.9% |
| Amounts payable after more than one year | 17 | - | €62,480 | +€62,480 | |
| Financial debts | 170/4 | - | €62,480 | +€62,480 | |
| Amounts payable within one year | 42/48 | €64,480 | - | -€64,480 | |
| Financial debts | 43 | €64,480 | - | -€64,480 | |
| Other loans | 439 | €64,480 | - | -€64,480 | |
| Accrued charges and deferred income | 492/3 | €56,799 | €61,098 | +€4,299 | +7.6% |
| Turnover | 70 | €2,852 | €2,852 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €64 | €66 | +€2 | +3.1% |
| Other operating charges | 640/8 | €1,022 | €1,080 | +€58 | +5.7% |
| Gross operating margin | 9900 | €2,788 | €2,786 | -€2 | -0.1% |
| Operating profit (loss) | 9901 | €1,766 | €1,706 | -€60 | -3.4% |
| Financial charges | 65/66B | €5,427 | €4,348 | -€1,079 | -19.9% |
| Recurring financial charges | 65 | €5,427 | €4,348 | -€1,079 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,661 | -€2,642 | +€1,019 | +27.8% |
| Profit (loss) for the period | 9904 | -€3,661 | -€2,642 | +€1,019 | +27.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,661 | -€2,642 | +€1,019 | +27.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.