HERREWYN: 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.
HERREWYN
Largest movements
- Tangible fixed assets -€57,869
down €57,869 (-9.1%), from €636,425 to €578,556
of which Furniture and vehicles: -€29,100
- Current investments +€51,754
up €51,754 (+20.5%), from €252,372 to €304,126
- Receivables within one year -€20,870
down €20,870 (-58.1%), from €35,910 to €15,040
of which Trade receivables: -€28,891
- Current portion of long-term debt -€40,787
no longer reported in 2025 (was €40,787)
- Reserves +€15,034
up €15,034 (+7.9%), from €190,187 to €205,221
- Gross operating margin -€10,979
down €10,979 (-16.3%), from €67,158 to €56,179
- Depreciation -€10,127
down €10,127 (-26.5%), from €38,149 to €28,023
- Financial income +€1,056
up €1,056 (+72.0%), from €1,466 to €2,523
- Financial charges -€897
down €897 (-61.4%), from €1,460 to €563
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 | €943,818 | €913,904 | -€29,914 | -3.2% |
| Fixed assets | 21/28 | €637,516 | €579,647 | -€57,869 | -9.1% |
| Tangible fixed assets | 22/27 | €636,425 | €578,556 | -€57,869 | -9.1% |
| Land and buildings | 22 | €605,815 | €578,229 | -€27,586 | -4.6% |
| Plant, machinery and equipment | 23 | €1,510 | €327 | -€1,183 | -78.3% |
| Furniture and vehicles | 24 | €29,100 | - | -€29,100 | |
| Financial fixed assets | 28 | €1,091 | €1,091 | = | 0.0% |
| Current assets | 29/58 | €306,302 | €334,257 | +€27,955 | +9.1% |
| Amounts receivable within one year | 40/41 | €35,910 | €15,040 | -€20,870 | -58.1% |
| Trade receivables | 40 | €28,891 | - | -€28,891 | |
| Other amounts receivable | 41 | €7,019 | €15,040 | +€8,021 | +114.3% |
| Current investments | 50/53 | €252,372 | €304,126 | +€51,754 | +20.5% |
| Cash at bank and in hand | 54/58 | €16,089 | €14,527 | -€1,562 | -9.7% |
| Deferred charges and accrued income | 490/1 | €1,931 | €565 | -€1,367 | -70.8% |
| Total equity and liabilities | 10/49 | €943,818 | €913,904 | -€29,914 | -3.2% |
| Equity | 10/15 | €880,648 | €895,682 | +€15,034 | +1.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €190,187 | €205,221 | +€15,034 | +7.9% |
| Distributable reserves | 133 | €190,187 | €205,221 | +€15,034 | +7.9% |
| Profit (loss) carried forward | 14 | €665,462 | €665,462 | = | 0.0% |
| Amounts payable | 17/49 | €63,170 | €18,222 | -€44,948 | -71.2% |
| Amounts payable within one year | 42/48 | €60,841 | €17,426 | -€43,415 | -71.4% |
| Current portion of amounts payable after more than one year | 42 | €40,787 | - | -€40,787 | |
| Trade debts | 44 | - | €122 | +€122 | |
| Suppliers | 440/4 | - | €122 | +€122 | |
| Taxes, remuneration and social security | 45 | €8,458 | €2,768 | -€5,690 | -67.3% |
| Taxes | 450/3 | €8,458 | €2,768 | -€5,690 | -67.3% |
| Other amounts payable | 47/48 | €11,595 | €14,537 | +€2,941 | +25.4% |
| Accrued charges and deferred income | 492/3 | €2,329 | €796 | -€1,533 | -65.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,149 | €28,023 | -€10,127 | -26.5% |
| Other operating charges | 640/8 | €9,520 | €9,365 | -€155 | -1.6% |
| Gross operating margin | 9900 | €67,158 | €56,179 | -€10,979 | -16.3% |
| Operating profit (loss) | 9901 | €19,489 | €18,792 | -€698 | -3.6% |
| Financial income | 75/76B | €1,466 | €2,523 | +€1,056 | +72.0% |
| Recurring financial income | 75 | €1,466 | €2,523 | +€1,056 | +72.0% |
| Financial charges | 65/66B | €1,460 | €563 | -€897 | -61.4% |
| Recurring financial charges | 65 | €1,460 | €563 | -€897 | -61.4% |
| Profit (loss) for the period before taxes | 9903 | €19,496 | €20,751 | +€1,255 | +6.4% |
| Income taxes | 67/77 | €5,365 | €5,717 | +€352 | +6.6% |
| Profit (loss) for the period | 9904 | €14,130 | €15,034 | +€904 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,130 | €15,034 | +€904 | +6.4% |
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 4 October 2026 via checked.be.