HERSTEN: 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.
HERSTEN
Largest movements
- Receivables within one year +€130,689
up €130,689 (+504.1%), from €25,924 to €156,613
of which Trade receivables: +€124,852
- Tangible fixed assets -€11,217
down €11,217 (-5.6%), from €202,075 to €190,858
of which Plant, machinery and equipment: -€5,995
- Trade debts +€48,207
up €48,207 (+444.2%), from €10,852 to €59,059
- Profit (loss) carried forward +€40,985
up €40,985, from -€22,617 to €18,368
- Other debts +€37,744
up €37,744 (+822.7%), from €4,588 to €42,332
- Tax, wage and social debts +€12,778
up €12,778 (+1669.2%), from €765 to €13,543
of which Taxes: +€7,301
- Debts after one year -€11,356
down €11,356 (-5.3%), from €213,678 to €202,322
- Turnover +€152,737
new in 2024: €152,737
- Purchases and services +€87,461
new in 2024: €87,461
- Gross operating margin +€39,639
up €39,639 (+97.1%), from €40,803 to €80,442
- Depreciation -€8,535
down €8,535 (-41.9%), from €20,380 to €11,845
- Staff costs +€8,509
up €8,509 (+74.0%), from €11,500 to €20,009
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 | €243,337 | €363,694 | +€120,358 | +49.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €202,075 | €191,858 | -€10,217 | -5.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €202,075 | €190,858 | -€11,217 | -5.6% |
| Land and buildings | 22 | €148,200 | €142,350 | -€5,850 | -3.9% |
| Plant, machinery and equipment | 23 | €25,507 | €19,512 | -€5,995 | -23.5% |
| Furniture and vehicles | 24 | €28,367 | €28,995 | +€628 | +2.2% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €41,262 | €171,837 | +€130,575 | +316.5% |
| Stocks and contracts in progress | 3 | €2,001 | €2,996 | +€995 | +49.7% |
| Stocks | 30/36 | €2,001 | €2,996 | +€995 | +49.7% |
| Amounts receivable within one year | 40/41 | €25,924 | €156,613 | +€130,689 | +504.1% |
| Trade receivables | 40 | €25,924 | €150,776 | +€124,852 | +481.6% |
| Other amounts receivable | 41 | €0 | €5,837 | +€5,837 | |
| Cash at bank and in hand | 54/58 | €13,337 | €12,227 | -€1,109 | -8.3% |
| Total equity and liabilities | 10/49 | €243,337 | €363,694 | +€120,358 | +49.5% |
| Equity | 10/15 | -€2,166 | €38,820 | +€40,985 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,617 | €18,368 | +€40,985 | |
| Amounts payable | 17/49 | €245,502 | €324,875 | +€79,372 | +32.3% |
| Amounts payable after more than one year | 17 | €213,678 | €202,322 | -€11,356 | -5.3% |
| Financial debts | 170/4 | €213,678 | €202,322 | -€11,356 | -5.3% |
| Amounts payable within one year | 42/48 | €31,824 | €122,552 | +€90,728 | +285.1% |
| Current portion of amounts payable after more than one year | 42 | €15,619 | €7,618 | -€8,001 | -51.2% |
| Trade debts | 44 | €10,852 | €59,059 | +€48,207 | +444.2% |
| Suppliers | 440/4 | €10,852 | €59,059 | +€48,207 | +444.2% |
| Taxes, remuneration and social security | 45 | €765 | €13,543 | +€12,778 | +1669.2% |
| Taxes | 450/3 | €0 | €7,301 | +€7,301 | |
| Remuneration and social security | 454/9 | €765 | €6,242 | +€5,477 | +715.4% |
| Other amounts payable | 47/48 | €4,588 | €42,332 | +€37,744 | +822.7% |
| Turnover | 70 | - | €152,737 | +€152,737 | |
| Non-recurring operating income | 76A | - | €628 | +€628 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €87,461 | +€87,461 | |
| Remuneration, social security and pensions | 62 | €11,500 | €20,009 | +€8,509 | +74.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,380 | €11,845 | -€8,535 | -41.9% |
| Other operating charges | 640/8 | €789 | €811 | +€22 | +2.8% |
| Gross operating margin | 9900 | €40,803 | €80,442 | +€39,639 | +97.1% |
| Operating profit (loss) | 9901 | €8,134 | €47,777 | +€39,643 | +487.4% |
| Financial charges | 65/66B | €10,752 | €5,059 | -€5,693 | -52.9% |
| Recurring financial charges | 65 | €10,752 | €5,059 | -€5,693 | -52.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,617 | €42,718 | +€45,335 | |
| Income taxes | 67/77 | - | €1,733 | +€1,733 | |
| Profit (loss) for the period | 9904 | -€2,617 | €40,985 | +€43,603 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,617 | €40,985 | +€43,603 |
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 1 October 2026 via checked.be.