HERRING: 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.
HERRING
Largest movements
- Receivables within one year -€6,727
down €6,727 (-28.3%), from €23,752 to €17,025
of which Trade receivables: -€21,259
- Cash -€1,944
down €1,944 (-72.7%), from €2,674 to €731
mainly Net result for the year (-€6,964) and Other debts (-€4,332)
- Tangible fixed assets -€468
down €468 (-43.2%), from €1,085 to €616
of which Plant, machinery and equipment: -€338
- Profit (loss) carried forward -€6,964
down €6,964 (-30.8%), from -€22,627 to -€29,590
- Tax, wage and social debts +€5,433
up €5,433 (+3773.6%), from €144 to €5,577
of which Remuneration and social security: +€2,856
- Other debts -€4,332
down €4,332 (-100.0%), from €4,332 to €0
- Trade debts -€2,141
down €2,141 (-54.0%), from €3,963 to €1,822
- Accrued charges and deferred income -€1,135
down €1,135 (-100.0%), from €1,135 to €0
- Other operating charges +€22,925
up €22,925 (+1046.7%), from €2,190 to €25,116
- Gross operating margin +€6,403
up €6,403 (+54.2%), from €11,816 to €18,219
- Financial charges -€1,278
down €1,278, from €1,153 to -€125
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 | €27,511 | €18,372 | -€9,139 | -33.2% |
| Fixed assets | 21/28 | €1,085 | €616 | -€468 | -43.2% |
| Tangible fixed assets | 22/27 | €1,085 | €616 | -€468 | -43.2% |
| Plant, machinery and equipment | 23 | €955 | €616 | -€338 | -35.4% |
| Furniture and vehicles | 24 | €130 | €0 | -€130 | -100.0% |
| Current assets | 29/58 | €26,426 | €17,755 | -€8,671 | -32.8% |
| Amounts receivable within one year | 40/41 | €23,752 | €17,025 | -€6,727 | -28.3% |
| Trade receivables | 40 | €23,752 | €2,492 | -€21,259 | -89.5% |
| Other amounts receivable | 41 | - | €14,533 | +€14,533 | |
| Cash at bank and in hand | 54/58 | €2,674 | €731 | -€1,944 | -72.7% |
| Total equity and liabilities | 10/49 | €27,511 | €18,372 | -€9,139 | -33.2% |
| Equity | 10/15 | €17,937 | €10,973 | -€6,964 | -38.8% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €40,563 | €40,563 | = | 0.0% |
| Distributable reserves | 133 | €40,563 | €40,563 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,627 | -€29,590 | -€6,964 | -30.8% |
| Amounts payable | 17/49 | €9,574 | €7,398 | -€2,175 | -22.7% |
| Amounts payable within one year | 42/48 | €8,439 | €7,398 | -€1,041 | -12.3% |
| Trade debts | 44 | €3,963 | €1,822 | -€2,141 | -54.0% |
| Suppliers | 440/4 | €3,963 | €1,822 | -€2,141 | -54.0% |
| Taxes, remuneration and social security | 45 | €144 | €5,577 | +€5,433 | +3773.6% |
| Taxes | 450/3 | €144 | €2,720 | +€2,577 | +1789.7% |
| Remuneration and social security | 454/9 | - | €2,856 | +€2,856 | |
| Other amounts payable | 47/48 | €4,332 | €0 | -€4,332 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,135 | €0 | -€1,135 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €570 | €468 | -€101 | -17.7% |
| Other operating charges | 640/8 | €2,190 | €25,116 | +€22,925 | +1046.7% |
| Gross operating margin | 9900 | €11,816 | €18,219 | +€6,403 | +54.2% |
| Operating profit (loss) | 9901 | €9,056 | -€7,365 | -€16,421 | |
| Financial income | 75/76B | €121 | €276 | +€155 | +128.4% |
| Recurring financial income | 75 | €121 | €276 | +€155 | +128.4% |
| Financial charges | 65/66B | €1,153 | -€125 | -€1,278 | |
| Recurring financial charges | 65 | €1,153 | -€125 | -€1,278 | |
| Profit (loss) for the period before taxes | 9903 | €8,024 | -€6,964 | -€14,988 | |
| Profit (loss) for the period | 9904 | €8,024 | -€6,964 | -€14,988 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,024 | -€6,964 | -€14,988 |
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 10 October 2026 via checked.be.