HERSCO GROUP: 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.
HERSCO GROUP
Largest movements
- Cash +€45,827
up €45,827 (+119%), from €38,390 to €84,218
mainly Receivables within one year (+€38,672) and Net result for the year (+€16,194)
- Receivables within one year -€38,672
down €38,672 (-72.9%), from €53,035 to €14,364
of which Trade receivables: -€37,450
- Other debts +€12,646
up €12,646, from €0 to €12,646
- Tax, wage and social debts -€8,628
down €8,628 (-31.8%), from €27,161 to €18,533
of which Taxes: -€8,628
- Reserves +€3,548
up €3,548 (+5.8%), from €60,990 to €64,538
- Gross operating margin -€25,289
down €25,289 (-46.8%), from €54,002 to €28,714
- Taxes -€5,679
down €5,679 (-38.9%), from €14,597 to €8,918
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,116 | €101,506 | +€7,390 | +7.9% |
| Fixed assets | 21/28 | €2,645 | €2,871 | +€227 | +8.6% |
| Tangible fixed assets | 22/27 | €2,645 | €2,871 | +€227 | +8.6% |
| Furniture and vehicles | 24 | €2,645 | €2,871 | +€227 | +8.6% |
| Current assets | 29/58 | €91,472 | €98,635 | +€7,163 | +7.8% |
| Amounts receivable within one year | 40/41 | €53,035 | €14,364 | -€38,672 | -72.9% |
| Trade receivables | 40 | €47,708 | €10,258 | -€37,450 | -78.5% |
| Other amounts receivable | 41 | €5,328 | €4,106 | -€1,222 | -22.9% |
| Cash at bank and in hand | 54/58 | €38,390 | €84,218 | +€45,827 | +119% |
| Deferred charges and accrued income | 490/1 | €46 | €54 | +€8 | +16.5% |
| Total equity and liabilities | 10/49 | €94,116 | €101,506 | +€7,390 | +7.9% |
| Equity | 10/15 | €63,990 | €67,538 | +€3,548 | +5.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €60,990 | €64,538 | +€3,548 | +5.8% |
| Distributable reserves | 133 | €60,990 | €64,538 | +€3,548 | +5.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €30,126 | €33,968 | +€3,842 | +12.8% |
| Amounts payable within one year | 42/48 | €30,126 | €33,968 | +€3,842 | +12.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,965 | €2,789 | -€175 | -5.9% |
| Suppliers | 440/4 | €2,965 | €2,789 | -€175 | -5.9% |
| Taxes, remuneration and social security | 45 | €27,161 | €18,533 | -€8,628 | -31.8% |
| Taxes | 450/3 | €27,161 | €18,533 | -€8,628 | -31.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €12,646 | +€12,646 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,415 | €2,448 | +€33 | +1.4% |
| Other operating charges | 640/8 | €1,589 | €1,445 | -€144 | -9.1% |
| Gross operating margin | 9900 | €54,002 | €28,714 | -€25,289 | -46.8% |
| Operating profit (loss) | 9901 | €49,999 | €24,821 | -€25,178 | -50.4% |
| Financial income | 75/76B | €259 | €354 | +€95 | +36.7% |
| Recurring financial income | 75 | €259 | €354 | +€95 | +36.7% |
| Financial charges | 65/66B | €104 | €64 | -€41 | -39.0% |
| Recurring financial charges | 65 | €104 | €64 | -€41 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €50,153 | €25,111 | -€25,042 | -49.9% |
| Income taxes | 67/77 | €14,597 | €8,918 | -€5,679 | -38.9% |
| Profit (loss) for the period | 9904 | €35,557 | €16,194 | -€19,363 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,557 | €16,194 | -€19,363 | -54.5% |
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 15 October 2026 via checked.be.