HERRIT & C°: 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.
HERRIT & C°
Largest movements
- Cash -€12,355
down €12,355 (-88.8%), from €13,916 to €1,561
mainly Investment in fixed assets (net) (-€30,869) and Debts after one year (-€11,608)
- Reserves -€12,737
down €12,737 (-2.2%), from €569,429 to €556,692
of which Tax-exempt reserves: -€12,737
- Debts after one year -€11,608
down €11,608 (-8.3%), from €139,568 to €127,961
- Current portion of long-term debt +€7,686
up €7,686 (+52.5%), from €14,646 to €22,332
- Depreciation +€2,098
up €2,098 (+6.9%), from €30,443 to €32,540
- Gross operating margin +€1,711
up €1,711 (+5.9%), from €28,881 to €30,592
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 | €692,152 | €679,989 | -€12,163 | -1.8% |
| Fixed assets | 21/28 | €650,736 | €649,064 | -€1,672 | -0.3% |
| Tangible fixed assets | 22/27 | €650,736 | €649,064 | -€1,672 | -0.3% |
| Land and buildings | 22 | €628,286 | €604,234 | -€24,052 | -3.8% |
| Plant, machinery and equipment | 23 | €22,451 | €44,831 | +€22,380 | +99.7% |
| Current assets | 29/58 | €41,416 | €30,925 | -€10,491 | -25.3% |
| Amounts receivable within one year | 40/41 | €27,500 | €28,000 | +€500 | +1.8% |
| Other amounts receivable | 41 | €27,500 | €28,000 | +€500 | +1.8% |
| Cash at bank and in hand | 54/58 | €13,916 | €1,561 | -€12,355 | -88.8% |
| Deferred charges and accrued income | 490/1 | - | €1,364 | +€1,364 | |
| Total equity and liabilities | 10/49 | €692,152 | €679,989 | -€12,163 | -1.8% |
| Equity | 10/15 | €536,894 | €527,918 | -€8,977 | -1.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €569,429 | €556,692 | -€12,737 | -2.2% |
| Tax-exempt reserves | 132 | €294,158 | €281,421 | -€12,737 | -4.3% |
| Distributable reserves | 133 | €275,271 | €275,271 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,085 | -€47,324 | +€3,760 | +7.4% |
| Amounts payable | 17/49 | €155,258 | €152,072 | -€3,186 | -2.1% |
| Amounts payable after more than one year | 17 | €139,568 | €127,961 | -€11,608 | -8.3% |
| Financial debts | 170/4 | €139,568 | €127,961 | -€11,608 | -8.3% |
| Amounts payable within one year | 42/48 | €14,646 | €22,332 | +€7,686 | +52.5% |
| Current portion of amounts payable after more than one year | 42 | €14,646 | €22,332 | +€7,686 | +52.5% |
| Accrued charges and deferred income | 492/3 | €1,044 | €1,779 | +€735 | +70.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,443 | €32,540 | +€2,098 | +6.9% |
| Other operating charges | 640/8 | €5,899 | €5,819 | -€79 | -1.3% |
| Gross operating margin | 9900 | €28,881 | €30,592 | +€1,711 | +5.9% |
| Operating profit (loss) | 9901 | -€7,460 | -€7,768 | -€308 | -4.1% |
| Financial income | 75/76B | €1,060 | €1,136 | +€76 | +7.1% |
| Recurring financial income | 75 | €1,060 | €1,136 | +€76 | +7.1% |
| Financial charges | 65/66B | €2,112 | €2,333 | +€221 | +10.5% |
| Recurring financial charges | 65 | €2,112 | €2,333 | +€221 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,513 | -€8,966 | -€453 | -5.3% |
| Income taxes | 67/77 | - | €11 | +€11 | |
| Profit (loss) for the period | 9904 | -€8,513 | -€8,977 | -€464 | -5.4% |
| Transfer from tax-exempt reserves | 789 | €12,737 | €12,737 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,224 | €3,760 | -€464 | -11.0% |
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 5 October 2026 via checked.be.