HERPAL: 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
HERPAL
NACE 01.461, Pig breeding farms
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€17,735
2024 · €23,028-€5,293
Equity
€119,379
2024 · €101,644+€17,735
Cash
€38,994
2024 · €38,557+€437
Balance sheet total
€179,991
2024 · €178,108+€1,884
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward +€17,735
up €17,735 (+21.6%), from -€82,043 to -€64,308
- Debts after one year -€11,040
down €11,040 (-56.9%), from €19,412 to €8,371
- Other debts -€4,825
down €4,825 (-11.9%), from €40,422 to €35,597
Income statement
- Gross operating margin -€5,312
down €5,312 (-16.1%), from €33,053 to €27,741
- Financial charges +€2,868
up €2,868 (+387.6%), from €740 to €3,608
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
€23,028
Gross operating margin
-€5,312
Depreciation
+€228
Other operating charges
-€138
Other operating items
+€2,670
Financial income
+€128
Financial charges
-€2,868
Result 2025
€17,735
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
+€15,234
Investment
-€4,154
Financing
-€10,643
Cash 2024
€38,557
From operations (derived)
+€15,234
Net result for the year
+€17,735
Depreciation
+€3,247
Receivables within one year
-€1,363
Deferred charges and accrued income
+€823
Trade debts
-€624
Other debts
-€4,825
Accrued charges and deferred income
+€240
Investment (derived)
-€4,154
Investment in fixed assets (net)
-€4,154
Financing
-€10,643
Debts after one year
-€11,040
Current portion of long-term debt
+€397
Cash 2025
€38,994
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €178,108 | €179,991 | +€1,884 | +1.1% |
| Fixed assets | 21/28 | €133,718 | €134,624 | +€907 | +0.7% |
| Tangible fixed assets | 22/27 | €133,718 | €134,624 | +€907 | +0.7% |
| Land and buildings | 22 | €127,073 | €126,975 | -€98 | -0.1% |
| Plant, machinery and equipment | 23 | €2,089 | €5,371 | +€3,283 | +157.2% |
| Furniture and vehicles | 24 | €4,556 | €2,277 | -€2,279 | -50.0% |
| Current assets | 29/58 | €44,390 | €45,367 | +€977 | +2.2% |
| Amounts receivable within one year | 40/41 | €4,864 | €6,228 | +€1,363 | +28.0% |
| Trade receivables | 40 | €4,250 | €5,855 | +€1,605 | +37.8% |
| Other amounts receivable | 41 | €615 | €372 | -€242 | -39.4% |
| Cash at bank and in hand | 54/58 | €38,557 | €38,994 | +€437 | +1.1% |
| Deferred charges and accrued income | 490/1 | €969 | €146 | -€823 | -85.0% |
| Total equity and liabilities | 10/49 | €178,108 | €179,991 | +€1,884 | +1.1% |
| Equity | 10/15 | €101,644 | €119,379 | +€17,735 | +17.4% |
| Contributions | 10/11 | €164,579 | €164,579 | = | 0.0% |
| Reserves | 13 | €19,108 | €19,108 | = | 0.0% |
| Non-distributable reserves | 130/1 | €955 | €955 | = | 0.0% |
| Reserves not available under the articles | 1311 | €955 | €955 | = | 0.0% |
| Distributable reserves | 133 | €18,152 | €18,152 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,043 | -€64,308 | +€17,735 | +21.6% |
| Amounts payable | 17/49 | €76,464 | €60,613 | -€15,851 | -20.7% |
| Amounts payable after more than one year | 17 | €19,412 | €8,371 | -€11,040 | -56.9% |
| Financial debts | 170/4 | €19,412 | €8,371 | -€11,040 | -56.9% |
| Amounts payable within one year | 42/48 | €57,052 | €52,001 | -€5,051 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €10,903 | €11,300 | +€397 | +3.6% |
| Trade debts | 44 | €5,727 | €5,103 | -€624 | -10.9% |
| Suppliers | 440/4 | €5,727 | €5,103 | -€624 | -10.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €40,422 | €35,597 | -€4,825 | -11.9% |
| Accrued charges and deferred income | 492/3 | - | €240 | +€240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,475 | €3,247 | -€228 | -6.6% |
| Other operating charges | 640/8 | €3,145 | €3,284 | +€138 | +4.4% |
| Non-recurring operating charges | 66A | €2,670 | €0 | -€2,670 | -100.0% |
| Gross operating margin | 9900 | €33,053 | €27,741 | -€5,312 | -16.1% |
| Operating profit (loss) | 9901 | €23,763 | €21,210 | -€2,553 | -10.7% |
| Financial income | 75/76B | €5 | €133 | +€128 | +2525.0% |
| Recurring financial income | 75 | €5 | €133 | +€128 | +2525.0% |
| Financial charges | 65/66B | €740 | €3,608 | +€2,868 | +387.6% |
| Recurring financial charges | 65 | €740 | €3,608 | +€2,868 | +387.6% |
| Profit (loss) for the period before taxes | 9903 | €23,028 | €17,735 | -€5,293 | -23.0% |
| Profit (loss) for the period | 9904 | €23,028 | €17,735 | -€5,293 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,028 | €17,735 | -€5,293 | -23.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.