HERSI'S: 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.
HERSI'S
Largest movements
- Tangible fixed assets +€3,630
up €3,630 (+5.0%), from €72,942 to €76,572
of which Land and buildings: +€3,889
- Other debts -€19,551
down €19,551 (-33.8%), from €57,839 to €38,288
- Profit (loss) carried forward +€16,576
up €16,576 (+717.9%), from €2,309 to €18,885
- Trade debts +€5,257
up €5,257 (+350.9%), from €1,498 to €6,755
- Gross operating margin +€8,595
up €8,595 (+40.6%), from €21,153 to €29,748
- Depreciation -€3,955
down €3,955 (-34.9%), from €11,319 to €7,364
- Financial charges -€355
down €355 (-74.7%), from €475 to €120
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 | €215,104 | €217,854 | +€2,750 | +1.3% |
| Fixed assets | 21/28 | €73,165 | €76,795 | +€3,630 | +5.0% |
| Tangible fixed assets | 22/27 | €72,942 | €76,572 | +€3,630 | +5.0% |
| Land and buildings | 22 | €72,255 | €76,144 | +€3,889 | +5.4% |
| Plant, machinery and equipment | 23 | €687 | €428 | -€259 | -37.7% |
| Financial fixed assets | 28 | €223 | €223 | = | 0.0% |
| Current assets | 29/58 | €141,939 | €141,059 | -€880 | -0.6% |
| Amounts receivable within one year | 40/41 | €61 | €306 | +€245 | +401.6% |
| Other amounts receivable | 41 | €61 | €306 | +€245 | +401.6% |
| Cash at bank and in hand | 54/58 | €136,918 | €135,742 | -€1,176 | -0.9% |
| Deferred charges and accrued income | 490/1 | €4,960 | €5,011 | +€51 | +1.0% |
| Total equity and liabilities | 10/49 | €215,104 | €217,854 | +€2,750 | +1.3% |
| Equity | 10/15 | €155,011 | €171,587 | +€16,576 | +10.7% |
| Contributions | 10/11 | €138,820 | €138,820 | = | 0.0% |
| Capital | 10 | €138,820 | €138,820 | = | 0.0% |
| Issued capital | 100 | €138,820 | €138,820 | = | 0.0% |
| Reserves | 13 | €13,882 | €13,882 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,882 | €13,882 | = | 0.0% |
| Legal reserve | 130 | €13,882 | €13,882 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,309 | €18,885 | +€16,576 | +717.9% |
| Amounts payable | 17/49 | €60,093 | €46,267 | -€13,826 | -23.0% |
| Amounts payable within one year | 42/48 | €59,337 | €45,255 | -€14,082 | -23.7% |
| Trade debts | 44 | €1,498 | €6,755 | +€5,257 | +350.9% |
| Suppliers | 440/4 | €1,498 | €6,755 | +€5,257 | +350.9% |
| Taxes, remuneration and social security | 45 | - | €212 | +€212 | |
| Taxes | 450/3 | - | €212 | +€212 | |
| Other amounts payable | 47/48 | €57,839 | €38,288 | -€19,551 | -33.8% |
| Accrued charges and deferred income | 492/3 | €756 | €1,012 | +€256 | +33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,319 | €7,364 | -€3,955 | -34.9% |
| Other operating charges | 640/8 | €5,716 | €5,897 | +€181 | +3.2% |
| Gross operating margin | 9900 | €21,153 | €29,748 | +€8,595 | +40.6% |
| Operating profit (loss) | 9901 | €4,118 | €16,487 | +€12,369 | +300.4% |
| Financial income | 75/76B | €674 | €601 | -€73 | -10.8% |
| Recurring financial income | 75 | €674 | €601 | -€73 | -10.8% |
| Financial charges | 65/66B | €475 | €120 | -€355 | -74.7% |
| Recurring financial charges | 65 | €475 | €120 | -€355 | -74.7% |
| Profit (loss) for the period before taxes | 9903 | €4,317 | €16,968 | +€12,651 | +293.1% |
| Income taxes | 67/77 | €202 | €392 | +€190 | +94.1% |
| Profit (loss) for the period | 9904 | €4,115 | €16,576 | +€12,461 | +302.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,115 | €16,576 | +€12,461 | +302.8% |
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.