HERSTHOLDING: what changed
Two financial 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.
HERSTHOLDING
Largest movements
- Current investments +€908,063
up €908,063 (+42.5%), from €2.1m to €3.0m
- Cash -€575,859
down €575,859 (-14.8%), from €3.9m to €3.3m
mainly Contributions, distributions and other (-€1.1m) and Current investments (-€908,063)
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€763,888
down €763,888 (-9.6%), from €8.0m to €7.2m
of which Non-recurring financial income: -€644,660
- Financial charges +€675,864
up €675,864 (+14.2%), from €4.8m to €5.4m
of which Non-recurring financial charges: +€847,238
- Taxes +€37,997
up €37,997, from -€37,997 to €0
- Gross operating margin -€11,190
down €11,190 (-3.9%), from -€288,435 to -€299,625
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.
Derived cash bridge
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 | €39,312,523 | €39,536,496 | +€223,973 | +0.6% |
| Fixed assets | 21/28 | €32,213,385 | €32,415,526 | +€202,141 | +0.6% |
| Financial fixed assets | 28 | €32,213,385 | €32,415,526 | +€202,141 | +0.6% |
| Current assets | 29/58 | €7,099,138 | €7,120,970 | +€21,832 | +0.3% |
| Amounts receivable within one year | 40/41 | €1,065,034 | €754,661 | -€310,372 | -29.1% |
| Other amounts receivable | 41 | €1,065,034 | €754,661 | -€310,372 | -29.1% |
| Current investments | 50/53 | €2,136,313 | €3,044,377 | +€908,063 | +42.5% |
| Cash at bank and in hand | 54/58 | €3,897,791 | €3,321,932 | -€575,859 | -14.8% |
| Total equity and liabilities | 10/49 | €39,312,523 | €39,536,496 | +€223,973 | +0.6% |
| Equity | 10/15 | €37,874,719 | €38,269,424 | +€394,705 | +1.0% |
| Contributions | 10/11 | €16,000,000 | €16,000,000 | = | 0.0% |
| Capital | 10 | €16,000,000 | €16,000,000 | = | 0.0% |
| Issued capital | 100 | €16,000,000 | €16,000,000 | = | 0.0% |
| Reserves | 13 | €1,600,000 | €1,600,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,600,000 | €1,600,000 | = | 0.0% |
| Legal reserve | 130 | €1,600,000 | €1,600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,274,719 | €20,669,424 | +€394,705 | +1.9% |
| Amounts payable | 17/49 | €1,437,804 | €1,267,072 | -€170,732 | -11.9% |
| Amounts payable after more than one year | 17 | €204,908 | - | -€204,908 | |
| Financial debts | 170/4 | €204,908 | - | -€204,908 | |
| Amounts payable within one year | 42/48 | €1,232,897 | €1,267,072 | +€34,175 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €202,919 | €204,908 | +€1,989 | +1.0% |
| Other amounts payable | 47/48 | €1,029,978 | €1,062,164 | +€32,187 | +3.1% |
| Other operating charges | 640/8 | €1,045 | €1,053 | +€8 | +0.7% |
| Gross operating margin | 9900 | -€288,435 | -€299,625 | -€11,190 | -3.9% |
| Operating profit (loss) | 9901 | -€289,480 | -€300,677 | -€11,197 | -3.9% |
| Financial income | 75/76B | €7,961,039 | €7,197,150 | -€763,888 | -9.6% |
| Recurring financial income | 75 | €2,998,557 | €2,879,329 | -€119,228 | -4.0% |
| Non-recurring financial income | 76B | €4,962,482 | €4,317,822 | -€644,660 | -13.0% |
| Financial charges | 65/66B | €4,763,740 | €5,439,604 | +€675,864 | +14.2% |
| Recurring financial charges | 65 | €465,724 | €294,350 | -€171,374 | -36.8% |
| Non-recurring financial charges | 66B | €4,298,015 | €5,145,253 | +€847,238 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €2,907,819 | €1,456,869 | -€1.5m | -49.9% |
| Income taxes | 67/77 | -€37,997 | €0 | +€37,997 | |
| Profit (loss) for the period | 9904 | €2,945,816 | €1,456,869 | -€1.5m | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,945,816 | €1,456,869 | -€1.5m | -50.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.