HERSELF: what changed
What changed
HERSELF
NACE 46.450, Wholesale of perfume and cosmetics
filed annual accounts (NBB)
Net result for the year
-€532,854
2024 · -€341,583-€191,271
Equity
€4,850
2024 · €9,714-€4,864
Cash
€90,899
2024 · €68,833+€22,066
Balance sheet total
€382,426
2024 · €507,023-€124,597
Largest movements
Assets
- Stocks and contracts -€115,409
down €115,409 (-40.0%), from €288,683 to €173,275
- Intangible fixed assets -€26,082
down €26,082 (-24.8%), from €105,092 to €79,010
- Cash +€22,066
up €22,066 (+32.1%), from €68,833 to €90,899
mainly Contributions, distributions and other (+€527,989) and Stocks and contracts (+€115,409)
- Formation expenses -€6,324
down €6,324 (-50.0%), from €12,649 to €6,324
Equity and liabilities
- Profit (loss) carried forward -€532,854
down €532,854 (-31.0%), from -€1.7m to -€2.2m
- Contributions +€527,989
up €527,989 (+30.6%), from €1.7m to €2.3m
of which Capital: +€527,989
- Short-term financial debts -€125,000
down €125,000 (-100%), from €125,000 to €0
- Debts after one year -€58,669
down €58,669 (-21.0%), from €279,905 to €221,236
- Current portion of long-term debt +€39,427
up €39,427 (+170%), from €23,237 to €62,664
Income statement
- Write-downs +€72,961
new in 2025: €72,961
- Staff costs +€53,880
up €53,880 (+38.2%), from €141,071 to €194,951
- Gross operating margin -€35,228
down €35,228 (-25.8%), from -€136,381 to -€171,609
- Depreciation +€13,920
up €13,920 (+63.2%), from €22,019 to €35,939
- Financial charges +€6,019
up €6,019 (+17.3%), from €34,749 to €40,768
of which Financial charges: +€6,019
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€341,583
Gross operating margin
-€35,228
Staff costs
-€53,880
Depreciation
-€13,920
Write-downs
-€72,961
Other operating charges
+€1,301
Other operating items
-€11,102
Financial income
+€1,766
Financial charges
-€6,019
Taxes
-€1,227
Result 2025
-€532,854
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€357,276
Investment
-€4,406
Financing
+€383,748
Cash 2024
€68,833
From operations (derived)
-€357,276
Net result for the year
-€532,854
Depreciation
+€35,939
Stocks and contracts
+€115,409
Receivables within one year
-€2,411
Deferred charges and accrued income
+€2,132
Trade debts
+€18,538
Tax, wage and social debts
+€19,463
Accrued charges and deferred income
-€13,493
Investment (derived)
-€4,406
Investment in fixed assets (net)
-€4,406
Financing
+€383,748
Debts after one year
-€58,669
Current portion of long-term debt
+€39,427
Short-term financial debts
-€125,000
Contributions, distributions and other
+€527,989
Cash 2025
€90,899
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €507,023 | €382,426 | -€124,597 | -24.6% |
| Formation expenses | 20 | €12,649 | €6,324 | -€6,324 | -50.0% |
| Fixed assets | 21/28 | €106,689 | €81,480 | -€25,209 | -23.6% |
| Intangible fixed assets | 21 | €105,092 | €79,010 | -€26,082 | -24.8% |
| Tangible fixed assets | 22/27 | €1,597 | €950 | -€647 | -40.5% |
| Plant, machinery and equipment | 23 | €360 | €0 | -€360 | -100% |
| Furniture and vehicles | 24 | €113 | €0 | -€113 | -100% |
| Other tangible fixed assets | 26 | €1,124 | €950 | -€173 | -15.4% |
| Financial fixed assets | 28 | €0 | €1,520 | +€1,520 | |
| Current assets | 29/58 | €387,685 | €294,621 | -€93,064 | -24.0% |
| Stocks and contracts in progress | 3 | €288,683 | €173,275 | -€115,409 | -40.0% |
| Stocks | 30/36 | €288,683 | €173,275 | -€115,409 | -40.0% |
| Amounts receivable within one year | 40/41 | €26,391 | €28,802 | +€2,411 | +9.1% |
| Trade receivables | 40 | €17,329 | €28,802 | +€11,473 | +66.2% |
| Other amounts receivable | 41 | €9,062 | €0 | -€9,062 | -100% |
| Cash at bank and in hand | 54/58 | €68,833 | €90,899 | +€22,066 | +32.1% |
| Deferred charges and accrued income | 490/1 | €3,777 | €1,645 | -€2,132 | -56.5% |
| Total equity and liabilities | 10/49 | €507,023 | €382,426 | -€124,597 | -24.6% |
| Equity | 10/15 | €9,714 | €4,850 | -€4,864 | -50.1% |
| Contributions | 10/11 | €1,726,524 | €2,254,513 | +€527,989 | +30.6% |
| Capital | 10 | €889,813 | €1,417,802 | +€527,989 | +59.3% |
| Issued capital | 100 | €889,813 | €1,417,802 | +€527,989 | +59.3% |
| Contributions outside capital | 11 | €836,711 | €836,711 | = | 0.0% |
| Share premium | 1100/10 | €836,711 | €836,711 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,716,810 | -€2,249,664 | -€532,854 | -31.0% |
| Amounts payable | 17/49 | €497,309 | €377,576 | -€119,733 | -24.1% |
| Amounts payable after more than one year | 17 | €279,905 | €221,236 | -€58,669 | -21.0% |
| Financial debts | 170/4 | €279,905 | €221,236 | -€58,669 | -21.0% |
| Amounts payable within one year | 42/48 | €203,312 | €155,740 | -€47,572 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €23,237 | €62,664 | +€39,427 | +170% |
| Financial debts | 43 | €125,000 | €0 | -€125,000 | -100% |
| Credit institutions | 430/8 | €125,000 | €0 | -€125,000 | -100% |
| Trade debts | 44 | €34,574 | €53,112 | +€18,538 | +53.6% |
| Suppliers | 440/4 | €34,574 | €53,112 | +€18,538 | +53.6% |
| Taxes, remuneration and social security | 45 | €20,501 | €39,964 | +€19,463 | +94.9% |
| Taxes | 450/3 | €3,246 | €19,666 | +€16,420 | +506% |
| Remuneration and social security | 454/9 | €17,254 | €20,298 | +€3,044 | +17.6% |
| Accrued charges and deferred income | 492/3 | €14,093 | €600 | -€13,493 | -95.7% |
| Remuneration, social security and pensions | 62 | €141,071 | €194,951 | +€53,880 | +38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,019 | €35,939 | +€13,920 | +63.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €72,961 | +€72,961 | |
| Other operating charges | 640/8 | €1,838 | €537 | -€1,301 | -70.8% |
| Non-recurring operating charges | 66A | €5,387 | €16,489 | +€11,102 | +206% |
| Gross operating margin | 9900 | -€136,381 | -€171,609 | -€35,228 | -25.8% |
| Operating profit (loss) | 9901 | -€306,694 | -€492,485 | -€185,791 | -60.6% |
| Financial income | 75/76B | €26 | €1,792 | +€1,766 | +6,837% |
| Recurring financial income | 75 | €26 | €1,792 | +€1,766 | +6,837% |
| Financial charges | 65/66B | €34,749 | €40,768 | +€6,019 | +17.3% |
| Recurring financial charges | 65 | €34,749 | €40,768 | +€6,019 | +17.3% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | -€341,417 | -€531,461 | -€190,044 | -55.7% |
| Income taxes | 67/77 | €165 | €1,392 | +€1,227 | +741% |
| Profit (loss) for the period | 9904 | -€341,583 | -€532,854 | -€191,271 | -56.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€341,583 | -€532,854 | -€191,271 | -56.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.