HERTH + BUSS BELGIUM: what changed
What changed
HERTH + BUSS BELGIUM
NACE 46.720, Wholesale of motor vehicle parts and accessories
filed annual accounts (NBB)
Net result for the year
€45,476
2024 · -€52,773+€98,249
Equity
€865,306
2024 · €819,829+€45,477
Cash
€389,144
2024 · €215,361+€173,783
Balance sheet total
€1.7m
2024 · €1.5m+€169,570
Largest movements
Assets
- Cash +€173,783
up €173,783 (+80.7%), from €215,361 to €389,144
mainly Trade debts (+€164,904) and Depreciation (+€54,723)
- Stocks and contracts +€41,950
up €41,950 (+8.3%), from €504,417 to €546,367
- Tangible fixed assets -€40,626
down €40,626 (-13.0%), from €313,081 to €272,455
of which Land and buildings: -€25,814
Equity and liabilities
- Trade debts +€164,904
up €164,904 (+30.2%), from €545,350 to €710,254
- Profit (loss) carried forward +€45,477
up €45,477 (+5.7%), from €797,829 to €843,306
- Tax, wage and social debts -€19,545
down €19,545 (-18.2%), from €107,212 to €87,667
of which Taxes: -€18,225
- Debts after one year -€18,876
down €18,876 (-51.9%), from €36,389 to €17,513
Income statement
- Gross operating margin +€105,207
up €105,207 (+16.0%), from €658,075 to €763,282
- Staff costs +€9,268
up €9,268 (+1.5%), from €626,808 to €636,076
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€52,773
Gross operating margin
+€105,207
Staff costs
-€9,268
Depreciation
-€1,363
Write-downs
+€3,442
Other operating charges
+€2,100
Financial charges
-€3,015
Taxes
+€1,146
Result 2025
€45,476
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€209,145
Investment
-€14,097
Financing
-€21,265
Cash 2024
€215,361
From operations (derived)
+€209,145
Net result for the year
+€45,476
Depreciation
+€54,723
Stocks and contracts
-€41,950
Receivables within one year
+€5,853
Deferred charges and accrued income
-€316
Trade debts
+€164,904
Tax, wage and social debts
-€19,545
Investment (derived)
-€14,097
Investment in fixed assets (net)
-€14,097
Financing
-€21,265
Debts after one year
-€18,876
Current portion of long-term debt
-€2,390
Contributions, distributions and other
+€1
Cash 2025
€389,144
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,530,046 | €1,699,616 | +€169,570 | +11.1% |
| Fixed assets | 21/28 | €313,081 | €272,455 | -€40,626 | -13.0% |
| Tangible fixed assets | 22/27 | €313,081 | €272,455 | -€40,626 | -13.0% |
| Land and buildings | 22 | €230,709 | €204,895 | -€25,814 | -11.2% |
| Plant, machinery and equipment | 23 | €37,885 | €35,806 | -€2,079 | -5.5% |
| Furniture and vehicles | 24 | €44,487 | €31,754 | -€12,733 | -28.6% |
| Current assets | 29/58 | €1,216,965 | €1,427,161 | +€210,196 | +17.3% |
| Stocks and contracts in progress | 3 | €504,417 | €546,367 | +€41,950 | +8.3% |
| Stocks | 30/36 | €504,417 | €546,367 | +€41,950 | +8.3% |
| Amounts receivable within one year | 40/41 | €496,229 | €490,376 | -€5,853 | -1.2% |
| Trade receivables | 40 | €496,229 | €490,376 | -€5,853 | -1.2% |
| Cash at bank and in hand | 54/58 | €215,361 | €389,144 | +€173,783 | +80.7% |
| Deferred charges and accrued income | 490/1 | €958 | €1,274 | +€316 | +33.0% |
| Total equity and liabilities | 10/49 | €1,530,046 | €1,699,616 | +€169,570 | +11.1% |
| Equity | 10/15 | €819,829 | €865,306 | +€45,477 | +5.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €797,829 | €843,306 | +€45,477 | +5.7% |
| Amounts payable | 17/49 | €710,217 | €834,310 | +€124,093 | +17.5% |
| Amounts payable after more than one year | 17 | €36,389 | €17,513 | -€18,876 | -51.9% |
| Financial debts | 170/4 | €36,389 | €17,513 | -€18,876 | -51.9% |
| Amounts payable within one year | 42/48 | €673,828 | €816,797 | +€142,969 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €21,266 | €18,876 | -€2,390 | -11.2% |
| Trade debts | 44 | €545,350 | €710,254 | +€164,904 | +30.2% |
| Suppliers | 440/4 | €545,350 | €710,254 | +€164,904 | +30.2% |
| Taxes, remuneration and social security | 45 | €107,212 | €87,667 | -€19,545 | -18.2% |
| Taxes | 450/3 | €38,791 | €20,566 | -€18,225 | -47.0% |
| Remuneration and social security | 454/9 | €68,421 | €67,101 | -€1,320 | -1.9% |
| Remuneration, social security and pensions | 62 | €626,808 | €636,076 | +€9,268 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,360 | €54,723 | +€1,363 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,375 | -€67 | -€3,442 | |
| Other operating charges | 640/8 | €12,251 | €10,151 | -€2,100 | -17.1% |
| Gross operating margin | 9900 | €658,075 | €763,282 | +€105,207 | +16.0% |
| Operating profit (loss) | 9901 | -€37,719 | €62,399 | +€100,118 | |
| Financial charges | 65/66B | €14,033 | €17,048 | +€3,015 | +21.5% |
| Recurring financial charges | 65 | €14,033 | €17,048 | +€3,015 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | -€51,752 | €45,351 | +€97,103 | |
| Income taxes | 67/77 | €1,021 | -€125 | -€1,146 | |
| Profit (loss) for the period | 9904 | -€52,773 | €45,476 | +€98,249 | |
| Profit (loss) for the period to be appropriated | 9905 | -€52,773 | €45,476 | +€98,249 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.