HERSON: 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.
HERSON
Largest movements
- Cash -€670,139
down €670,139 (-98.1%), from €683,311 to €13,171
mainly Receivables within one year (-€425,000) and Debts after one year (-€120,827)
- Receivables within one year +€425,000
up €425,000 (+5192.6%), from €8,185 to €433,185
- Tangible fixed assets +€98,477
up €98,477 (+7.4%), from €1.3m to €1.4m
of which Other tangible fixed assets: +€804,604
- Debts after one year -€120,827
no longer reported in 2025 (was €120,827)
- Reserves +€87,604
up €87,604 (+6.5%), from €1.3m to €1.4m
of which Distributable reserves: +€274,675
- Current portion of long-term debt -€87,255
no longer reported in 2025 (was €87,255)
- Tax, wage and social debts +€75,134
up €75,134 (+302.0%), from €24,880 to €100,015
- Provisions -€62,357
down €62,357 (-21.1%), from €295,688 to €233,331
- Gross operating margin -€585,799
down €585,799 (-78.7%), from €744,595 to €158,797
- Taxes +€94,283
up €94,283 (+893.8%), from €10,549 to €104,832
- Depreciation -€21,947
down €21,947 (-54.4%), from €40,320 to €18,373
- Financial charges -€14,261
down €14,261 (-69.5%), from €20,514 to €6,252
- Other operating charges -€9,910
down €9,910 (-48.8%), from €20,302 to €10,392
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 | €2,019,447 | €1,877,500 | -€141,946 | -7.0% |
| Fixed assets | 21/28 | €1,327,896 | €1,426,373 | +€98,477 | +7.4% |
| Tangible fixed assets | 22/27 | €1,327,896 | €1,426,373 | +€98,477 | +7.4% |
| Land and buildings | 22 | €1,327,896 | €621,769 | -€706,127 | -53.2% |
| Other tangible fixed assets | 26 | - | €804,604 | +€804,604 | |
| Current assets | 29/58 | €691,551 | €451,128 | -€240,423 | -34.8% |
| Amounts receivable within one year | 40/41 | €8,185 | €433,185 | +€425,000 | +5192.6% |
| Other amounts receivable | 41 | €8,185 | €433,185 | +€425,000 | +5192.6% |
| Current investments | 50/53 | €56 | - | -€56 | |
| Cash at bank and in hand | 54/58 | €683,311 | €13,171 | -€670,139 | -98.1% |
| Deferred charges and accrued income | 490/1 | - | €4,772 | +€4,772 | |
| Total equity and liabilities | 10/49 | €2,019,447 | €1,877,500 | -€141,946 | -7.0% |
| Equity | 10/15 | €1,439,410 | €1,541,555 | +€102,145 | +7.1% |
| Contributions | 10/11 | €66,000 | €66,000 | = | 0.0% |
| Capital | 10 | €66,000 | €66,000 | = | 0.0% |
| Issued capital | 100 | €66,000 | €66,000 | = | 0.0% |
| Reserves | 13 | €1,341,693 | €1,429,296 | +€87,604 | +6.5% |
| Non-distributable reserves | 130/1 | €6,600 | €6,600 | = | 0.0% |
| Legal reserve | 130 | €6,600 | €6,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €887,065 | €699,994 | -€187,071 | -21.1% |
| Distributable reserves | 133 | €448,027 | €722,702 | +€274,675 | +61.3% |
| Profit (loss) carried forward | 14 | €31,717 | €46,259 | +€14,542 | +45.8% |
| Provisions and deferred taxes | 16 | €295,688 | €233,331 | -€62,357 | -21.1% |
| Deferred taxes | 168 | €295,688 | €233,331 | -€62,357 | -21.1% |
| Amounts payable | 17/49 | €284,349 | €102,614 | -€181,735 | -63.9% |
| Amounts payable after more than one year | 17 | €120,827 | - | -€120,827 | |
| Financial debts | 170/4 | €120,827 | - | -€120,827 | |
| Amounts payable within one year | 42/48 | €159,657 | €102,614 | -€57,043 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €87,255 | - | -€87,255 | |
| Trade debts | 44 | €1,660 | €2,199 | +€539 | +32.5% |
| Suppliers | 440/4 | €1,660 | €2,199 | +€539 | +32.5% |
| Taxes, remuneration and social security | 45 | €24,880 | €100,015 | +€75,134 | +302.0% |
| Taxes | 450/3 | €24,880 | €100,015 | +€75,134 | +302.0% |
| Other amounts payable | 47/48 | €45,861 | €400 | -€45,461 | -99.1% |
| Accrued charges and deferred income | 492/3 | €3,865 | - | -€3,865 | |
| Non-recurring operating income | 76A | €667,543 | €127,676 | -€539,867 | -80.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,320 | €18,373 | -€21,947 | -54.4% |
| Other operating charges | 640/8 | €20,302 | €10,392 | -€9,910 | -48.8% |
| Gross operating margin | 9900 | €744,595 | €158,797 | -€585,799 | -78.7% |
| Operating profit (loss) | 9901 | €683,973 | €130,032 | -€553,942 | -81.0% |
| Financial income | 75/76B | €12,444 | €20,840 | +€8,396 | +67.5% |
| Recurring financial income | 75 | €12,444 | €20,840 | +€8,396 | +67.5% |
| Financial charges | 65/66B | €20,514 | €6,252 | -€14,261 | -69.5% |
| Recurring financial charges | 65 | €20,514 | €6,252 | -€14,261 | -69.5% |
| Profit (loss) for the period before taxes | 9903 | €675,904 | €144,620 | -€531,284 | -78.6% |
| Transfer from deferred taxes | 780 | €6,335 | €93,325 | +€86,991 | +1373.3% |
| Transfer to deferred taxes | 680 | €166,886 | €30,968 | -€135,918 | -81.4% |
| Income taxes | 67/77 | €10,549 | €104,832 | +€94,283 | +893.8% |
| Profit (loss) for the period | 9904 | €504,805 | €102,145 | -€402,659 | -79.8% |
| Transfer from tax-exempt reserves | 789 | €19,004 | €279,976 | +€260,972 | +1373.3% |
| Transfer to tax-exempt reserves | 689 | €500,657 | €92,904 | -€407,753 | -81.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,151 | €289,217 | +€266,066 | +1149.3% |
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 1 October 2026 via checked.be.