HERPAIN IMMO: 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.
What changed
HERPAIN IMMO
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€136,279
2024 · -€12,585+€148,864
Equity
€186,270
2024 · €49,991+€136,279
Cash
€198,030
2024 · €27,809+€170,221
Balance sheet total
€2.7m
2024 · €1.6m+€1.1m
Largest movements
Assets
- Stocks and contracts +€701,054
up €701,054 (+44.8%), from €1.6m to €2.3m
- Deferred charges and accrued income +€201,760
new in 2025: €201,760
- Cash +€170,221
up €170,221 (+612%), from €27,809 to €198,030
mainly Debts after one year (+€603,562) and Other debts (+€200,000)
Equity and liabilities
- Debts after one year +€603,562
up €603,562 (+39.6%), from €1.5m to €2.1m
of which Financial debts: +€603,562
- Other debts +€200,000
up €200,000 (+10,185%), from €1,964 to €201,964
- Profit (loss) carried forward +€130,064
up €130,064, from -€12,009 to €118,055
- Trade debts +€98,021
up €98,021 (+3,233%), from €3,032 to €101,054
- Tax, wage and social debts +€45,028
up €45,028, from €0 to €45,028
Income statement
- Turnover +€513,988
new in 2025: €513,988
- Services and other goods +€97,452
up €97,452 (+1,227%), from €7,941 to €105,393
- Taxes +€45,028
new in 2025: €45,028
- Financial income -€16,213
no longer reported in 2025 (was €16,213)
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
-€12,585
Turnover
+€513,988
Other operating income
+€442
Services and other goods
-€97,452
Other operating charges
-€417
Other operating items
-€205,224
Financial income
-€16,213
Financial charges
-€1,233
Taxes
-€45,028
Result 2025
€136,279
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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
-€433,341
Investment
€0
Financing
+€603,562
Cash 2024
€27,809
From operations (derived)
-€433,341
Net result for the year
+€136,279
Stocks and contracts
-€701,054
Receivables within one year
-€2,873
Deferred charges and accrued income
-€201,760
Trade debts
+€98,021
Tax, wage and social debts
+€45,028
Other debts
+€200,000
Accrued charges and deferred income
-€6,982
Financing
+€603,562
Debts after one year
+€603,562
Cash 2025
€198,030
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,593,202 | €2,669,109 | +€1.1m | +67.5% |
| Fixed assets | 21/28 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Affiliated companies | 280/1 | €0 | - | = | |
| Participating interests | 280 | €0 | - | = | |
| Amounts receivable | 281 | €0 | - | = | |
| Current assets | 29/58 | €1,593,202 | €2,669,109 | +€1.1m | +67.5% |
| Stocks and contracts in progress | 3 | €1,565,392 | €2,266,447 | +€701,054 | +44.8% |
| Stocks | 30/36 | €1,565,392 | €2,266,447 | +€701,054 | +44.8% |
| Property held for sale | 35 | €1,565,392 | €2,266,447 | +€701,054 | +44.8% |
| Advance payments | 36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €0 | €2,873 | +€2,873 | |
| Trade receivables | 40 | €0 | €2,873 | +€2,873 | |
| Cash at bank and in hand | 54/58 | €27,809 | €198,030 | +€170,221 | +612% |
| Deferred charges and accrued income | 490/1 | - | €201,760 | +€201,760 | |
| Total equity and liabilities | 10/49 | €1,593,202 | €2,669,109 | +€1.1m | +67.5% |
| Equity | 10/15 | €49,991 | €186,270 | +€136,279 | +273% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | - | €6,215 | +€6,215 | |
| Non-distributable reserves | 130/1 | - | €6,215 | +€6,215 | |
| Legal reserve | 130 | - | €6,215 | +€6,215 | |
| Profit (loss) carried forward | 14 | -€12,009 | €118,055 | +€130,064 | |
| Amounts payable | 17/49 | €1,543,211 | €2,482,840 | +€939,629 | +60.9% |
| Amounts payable after more than one year | 17 | €1,523,561 | €2,127,123 | +€603,562 | +39.6% |
| Financial debts | 170/4 | €1,523,561 | €2,127,123 | +€603,562 | +39.6% |
| Subordinated loans | 170 | €458,033 | €647,740 | +€189,707 | +41.4% |
| Credit institutions | 173 | €1,065,528 | €1,479,383 | +€413,855 | +38.8% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €4,996 | €348,045 | +€343,049 | +6,866% |
| Trade debts | 44 | €3,032 | €101,054 | +€98,021 | +3,233% |
| Suppliers | 440/4 | €3,032 | €101,054 | +€98,021 | +3,233% |
| Taxes, remuneration and social security | 45 | €0 | €45,028 | +€45,028 | |
| Taxes | 450/3 | €0 | €45,028 | +€45,028 | |
| Other amounts payable | 47/48 | €1,964 | €201,964 | +€200,000 | +10,185% |
| Accrued charges and deferred income | 492/3 | €14,654 | €7,671 | -€6,982 | -47.6% |
| Operating income | 70/76A | €5,500 | €314,706 | +€309,206 | +5,622% |
| Turnover | 70 | - | €513,988 | +€513,988 | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | -€205,224 | -€205,224 | |
| Other operating income | 74 | €5,500 | €5,942 | +€442 | +8.0% |
| Operating charges | 60/66A | €7,979 | €105,848 | +€97,869 | +1,227% |
| Goods for resale, raw materials and consumables | 60 | €0 | €0 | = | |
| Purchases | 600/8 | €1,550,739 | €854,080 | -€696,659 | -44.9% |
| Change in stocks: decrease (increase) | 609 | -€1,550,739 | -€854,080 | +€696,659 | +44.9% |
| Services and other goods | 61 | €7,941 | €105,393 | +€97,452 | +1,227% |
| Other operating charges | 640/8 | €37 | €454 | +€417 | +1,115% |
| Operating profit (loss) | 9901 | -€2,478 | €208,859 | +€211,337 | |
| Financial income | 75/76B | €16,213 | - | -€16,213 | |
| Recurring financial income | 75 | €16,213 | - | -€16,213 | |
| Income from financial fixed assets | 750 | €16,213 | - | -€16,213 | |
| Financial charges | 65/66B | €26,320 | €27,552 | +€1,233 | +4.7% |
| Recurring financial charges | 65 | €26,320 | €27,552 | +€1,233 | +4.7% |
| Debt charges | 650 | €22,773 | €20,798 | -€1,975 | -8.7% |
| Other financial charges | 652/9 | €3,547 | €6,754 | +€3,207 | +90.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,585 | €181,307 | +€193,892 | |
| Income taxes | 67/77 | - | €45,028 | +€45,028 | |
| Taxes | 670/3 | - | €45,028 | +€45,028 | |
| Profit (loss) for the period | 9904 | -€12,585 | €136,279 | +€148,864 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,585 | €136,279 | +€148,864 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.