Herti: 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.
Herti
Largest movements
- Receivables within one year +€40,035
up €40,035 (+5.7%), from €696,542 to €736,578
of which Trade receivables: +€55,835
- Financial fixed assets +€20,808
up €20,808 (+2.6%), from €806,000 to €826,808
- Other debts -€390,090
down €390,090 (-100.0%), from €390,090 to €0
- Reserves +€251,635
up €251,635 (+31.2%), from €807,312 to €1.1m
- Debts after one year +€156,478
new in 2025: €156,478
- Trade debts +€41,822
new in 2025: €41,822
- Tax, wage and social debts -€38,341
down €38,341 (-12.3%), from €311,871 to €273,530
- Gross operating margin -€403,144
down €403,144 (-39.5%), from €1.0m to €618,609
- Other operating charges +€298,685
up €298,685 (+10726.7%), from €2,785 to €301,470
- Taxes -€44,265
down €44,265 (-31.9%), from €138,882 to €94,617
- Financial income +€22,200
up €22,200 (+181.3%), from €12,243 to €34,443
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 | €1,510,274 | €1,578,614 | +€68,340 | +4.5% |
| Fixed assets | 21/28 | €806,000 | €826,808 | +€20,808 | +2.6% |
| Financial fixed assets | 28 | €806,000 | €826,808 | +€20,808 | +2.6% |
| Current assets | 29/58 | €704,273 | €751,806 | +€47,533 | +6.7% |
| Amounts receivable within one year | 40/41 | €696,542 | €736,578 | +€40,035 | +5.7% |
| Trade receivables | 40 | €75,271 | €131,106 | +€55,835 | +74.2% |
| Other amounts receivable | 41 | €621,271 | €605,471 | -€15,800 | -2.5% |
| Current investments | 50/53 | €3,411 | €14,681 | +€11,270 | +330.4% |
| Cash at bank and in hand | 54/58 | €4,232 | €369 | -€3,863 | -91.3% |
| Deferred charges and accrued income | 490/1 | €88 | €178 | +€90 | +102.8% |
| Total equity and liabilities | 10/49 | €1,510,274 | €1,578,614 | +€68,340 | +4.5% |
| Equity | 10/15 | €808,312 | €1,059,948 | +€251,635 | +31.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Outside capital | 11 | €1,000 | - | -€1,000 | |
| Other | 1109/19 | €1,000 | - | -€1,000 | |
| Reserves | 13 | €807,312 | €1,058,948 | +€251,635 | +31.2% |
| Distributable reserves | 133 | €807,312 | €1,058,948 | +€251,635 | +31.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €701,961 | €518,666 | -€183,295 | -26.1% |
| Amounts payable after more than one year | 17 | - | €156,478 | +€156,478 | |
| Financial debts | 170/4 | - | €156,478 | +€156,478 | |
| Amounts payable within one year | 42/48 | €701,961 | €362,188 | -€339,773 | -48.4% |
| Current portion of amounts payable after more than one year | 42 | - | €37,415 | +€37,415 | |
| Financial debts | 43 | - | €9,421 | +€9,421 | |
| Credit institutions | 430/8 | - | €9,421 | +€9,421 | |
| Trade debts | 44 | - | €41,822 | +€41,822 | |
| Suppliers | 440/4 | - | €41,822 | +€41,822 | |
| Taxes, remuneration and social security | 45 | €311,871 | €273,530 | -€38,341 | -12.3% |
| Taxes | 450/3 | €311,871 | €273,530 | -€38,341 | -12.3% |
| Other amounts payable | 47/48 | €390,090 | €0 | -€390,090 | -100.0% |
| Non-recurring operating income | 76A | €488,515 | €0 | -€488,515 | -100.0% |
| Other operating charges | 640/8 | €2,785 | €301,470 | +€298,685 | +10726.7% |
| Gross operating margin | 9900 | €1,021,753 | €618,609 | -€403,144 | -39.5% |
| Operating profit (loss) | 9901 | €1,018,968 | €317,139 | -€701,829 | -68.9% |
| Financial income | 75/76B | €12,243 | €34,443 | +€22,200 | +181.3% |
| Recurring financial income | 75 | €12,243 | €34,443 | +€22,200 | +181.3% |
| Financial charges | 65/66B | €2,143 | €5,330 | +€3,187 | +148.7% |
| Recurring financial charges | 65 | €2,143 | €5,330 | +€3,187 | +148.7% |
| Profit (loss) for the period before taxes | 9903 | €1,029,069 | €346,253 | -€682,816 | -66.4% |
| Income taxes | 67/77 | €138,882 | €94,617 | -€44,265 | -31.9% |
| Profit (loss) for the period | 9904 | €890,186 | €251,635 | -€638,551 | -71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €890,186 | €251,635 | -€638,551 | -71.7% |
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 5 October 2026 via checked.be.