Hertenys: 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.
Hertenys
Largest movements
- Cash -€1,331
down €1,331 (-94.4%), from €1,410 to €79
mainly Investment in fixed assets (net) (-€1,300) and Net result for the year (-€1,064)
- Formation expenses +€867
new in 2025: €867
- Receivables within one year -€600
down €600 (-4.7%), from €12,691 to €12,091
- Profit (loss) carried forward -€1,064
down €1,064 (-27.3%), from -€3,898 to -€4,963
- Depreciation +€433
new in 2025: €433
- Gross operating margin -€171
down €171 (-59.8%), from -€286 to -€458
- Other operating charges -€141
no longer reported in 2025 (was €141)
- Financial charges +€10
up €10 (+6.1%), from €163 to €173
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 | €14,102 | €13,037 | -€1,064 | -7.5% |
| Formation expenses | 20 | - | €867 | +€867 | |
| Current assets | 29/58 | €14,102 | €12,171 | -€1,931 | -13.7% |
| Amounts receivable within one year | 40/41 | €12,691 | €12,091 | -€600 | -4.7% |
| Other amounts receivable | 41 | €12,691 | €12,091 | -€600 | -4.7% |
| Cash at bank and in hand | 54/58 | €1,410 | €79 | -€1,331 | -94.4% |
| Total equity and liabilities | 10/49 | €14,102 | €13,037 | -€1,064 | -7.5% |
| Equity | 10/15 | €14,102 | €13,037 | -€1,064 | -7.5% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,898 | -€4,963 | -€1,064 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €433 | +€433 | |
| Other operating charges | 640/8 | €141 | - | -€141 | |
| Gross operating margin | 9900 | -€286 | -€458 | -€171 | -59.8% |
| Operating profit (loss) | 9901 | -€427 | -€891 | -€464 | -108.7% |
| Financial charges | 65/66B | €163 | €173 | +€10 | +6.1% |
| Recurring financial charges | 65 | €163 | €173 | +€10 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | -€590 | -€1,064 | -€474 | -80.3% |
| Profit (loss) for the period | 9904 | -€590 | -€1,064 | -€474 | -80.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€590 | -€1,064 | -€474 | -80.3% |
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 6 October 2026 via checked.be.