HERST: 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.
HERST
Largest movements
- Receivables within one year +€38,216
up €38,216 (+1400.0%), from €2,730 to €40,946
of which Trade receivables: +€35,541
- Tangible fixed assets +€26,047
up €26,047 (+1850.8%), from €1,407 to €27,454
- Cash -€12,647
down €12,647 (-85.8%), from €14,742 to €2,095
mainly Receivables within one year (-€38,216) and Investment in fixed assets (net) (-€34,940)
- Deferred charges and accrued income +€1,315
new in 2024: €1,315
- Short-term financial debts +€19,000
new in 2024: €19,000
- Trade debts +€12,486
up €12,486 (+690.6%), from €1,808 to €14,295
of which Suppliers: +€12,696
- Debts after one year +€8,786
new in 2024: €8,786
- Tax, wage and social debts +€5,981
up €5,981 (+149.6%), from €3,998 to €9,979
of which Remuneration and social security: +€4,050
- Current portion of long-term debt +€3,614
new in 2024: €3,614
- Gross operating margin +€16,960
up €16,960 (+108.2%), from €15,674 to €32,633
- Staff costs +€14,564
new in 2024: €14,564
- Depreciation +€8,764
up €8,764 (+6789.9%), from €129 to €8,893
- Financial charges +€2,575
up €2,575 (+1468.1%), from €175 to €2,750
- Taxes -€2,115
down €2,115 (-52.9%), from €3,998 to €1,883
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,879 | €71,810 | +€52,930 | +280.4% |
| Fixed assets | 21/28 | €1,407 | €27,454 | +€26,047 | +1850.8% |
| Tangible fixed assets | 22/27 | €1,407 | €27,454 | +€26,047 | +1850.8% |
| Furniture and vehicles | 24 | €1,407 | €27,454 | +€26,047 | +1850.8% |
| Current assets | 29/58 | €17,472 | €44,356 | +€26,883 | +153.9% |
| Amounts receivable within one year | 40/41 | €2,730 | €40,946 | +€38,216 | +1400.0% |
| Trade receivables | 40 | - | €35,541 | +€35,541 | |
| Other amounts receivable | 41 | €2,730 | €5,405 | +€2,675 | +98.0% |
| Cash at bank and in hand | 54/58 | €14,742 | €2,095 | -€12,647 | -85.8% |
| Deferred charges and accrued income | 490/1 | - | €1,315 | +€1,315 | |
| Total equity and liabilities | 10/49 | €18,879 | €71,810 | +€52,930 | +280.4% |
| Equity | 10/15 | €12,992 | €15,797 | +€2,805 | +21.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,992 | €13,797 | +€2,805 | +25.5% |
| Amounts payable | 17/49 | €5,887 | €56,012 | +€50,125 | +851.4% |
| Amounts payable after more than one year | 17 | - | €8,786 | +€8,786 | |
| Financial debts | 170/4 | - | €8,786 | +€8,786 | |
| Amounts payable within one year | 42/48 | €5,887 | €47,227 | +€41,340 | +702.2% |
| Current portion of amounts payable after more than one year | 42 | - | €3,614 | +€3,614 | |
| Financial debts | 43 | - | €19,000 | +€19,000 | |
| Credit institutions | 430/8 | - | €19,000 | +€19,000 | |
| Trade debts | 44 | €1,808 | €14,295 | +€12,486 | +690.6% |
| Suppliers | 440/4 | €1,598 | €14,295 | +€12,696 | +794.3% |
| Bills of exchange payable | 441 | €210 | - | -€210 | |
| Taxes, remuneration and social security | 45 | €3,998 | €9,979 | +€5,981 | +149.6% |
| Taxes | 450/3 | €3,998 | €5,929 | +€1,931 | +48.3% |
| Remuneration and social security | 454/9 | - | €4,050 | +€4,050 | |
| Other amounts payable | 47/48 | €81 | €340 | +€259 | +319.3% |
| Remuneration, social security and pensions | 62 | - | €14,564 | +€14,564 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129 | €8,893 | +€8,764 | +6789.9% |
| Other operating charges | 640/8 | €384 | €1,741 | +€1,356 | +352.8% |
| Gross operating margin | 9900 | €15,674 | €32,633 | +€16,960 | +108.2% |
| Operating profit (loss) | 9901 | €15,160 | €7,436 | -€7,724 | -51.0% |
| Financial income | 75/76B | €6 | €2 | -€4 | -62.1% |
| Recurring financial income | 75 | €6 | €2 | -€4 | -62.1% |
| Financial charges | 65/66B | €175 | €2,750 | +€2,575 | +1468.1% |
| Recurring financial charges | 65 | €175 | €2,750 | +€2,575 | +1468.1% |
| Profit (loss) for the period before taxes | 9903 | €14,990 | €4,688 | -€10,303 | -68.7% |
| Income taxes | 67/77 | €3,998 | €1,883 | -€2,115 | -52.9% |
| Profit (loss) for the period | 9904 | €10,992 | €2,805 | -€8,187 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,992 | €2,805 | -€8,187 | -74.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.