Herti01: 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.
Herti01
Largest movements
- Tangible fixed assets -€25,212
down €25,212 (-2.6%), from €986,206 to €960,994
- Debts after one year -€54,240
down €54,240 (-7.6%), from €709,640 to €655,400
- Profit (loss) carried forward +€51,730
up €51,730 (+31.0%), from -€167,038 to -€115,308
- Other debts -€11,699
down €11,699 (-3.2%), from €365,556 to €353,857
- Gross operating margin +€66,739
up €66,739 (+150.8%), from €44,254 to €110,993
- Depreciation -€20,040
down €20,040 (-44.3%), from €45,253 to €25,212
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 | €987,028 | €970,789 | -€16,239 | -1.6% |
| Fixed assets | 21/28 | €986,206 | €960,994 | -€25,212 | -2.6% |
| Tangible fixed assets | 22/27 | €986,206 | €960,994 | -€25,212 | -2.6% |
| Land and buildings | 22 | €986,206 | €960,994 | -€25,212 | -2.6% |
| Current assets | 29/58 | €822 | €9,795 | +€8,973 | +1091.7% |
| Amounts receivable within one year | 40/41 | €490 | €2,279 | +€1,789 | +365.2% |
| Trade receivables | 40 | - | €1,785 | +€1,785 | |
| Other amounts receivable | 41 | €490 | €495 | +€5 | +1.0% |
| Cash at bank and in hand | 54/58 | €332 | €7,040 | +€6,708 | +2020.6% |
| Deferred charges and accrued income | 490/1 | - | €475 | +€475 | |
| Total equity and liabilities | 10/49 | €987,028 | €970,789 | -€16,239 | -1.6% |
| Equity | 10/15 | -€146,578 | -€94,848 | +€51,730 | +35.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€167,038 | -€115,308 | +€51,730 | +31.0% |
| Amounts payable | 17/49 | €1,133,607 | €1,065,637 | -€67,969 | -6.0% |
| Amounts payable after more than one year | 17 | €709,640 | €655,400 | -€54,240 | -7.6% |
| Financial debts | 170/4 | €709,640 | €655,400 | -€54,240 | -7.6% |
| Amounts payable within one year | 42/48 | €423,967 | €410,237 | -€13,729 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €54,240 | €54,240 | = | 0.0% |
| Trade debts | 44 | €4,171 | €1,688 | -€2,483 | -59.5% |
| Suppliers | 440/4 | €4,171 | €1,688 | -€2,483 | -59.5% |
| Taxes, remuneration and social security | 45 | - | €452 | +€452 | |
| Taxes | 450/3 | - | €452 | +€452 | |
| Other amounts payable | 47/48 | €365,556 | €353,857 | -€11,699 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,253 | €25,212 | -€20,040 | -44.3% |
| Other operating charges | 640/8 | €2,151 | €1,856 | -€295 | -13.7% |
| Gross operating margin | 9900 | €44,254 | €110,993 | +€66,739 | +150.8% |
| Operating profit (loss) | 9901 | -€3,149 | €83,926 | +€87,075 | |
| Financial income | 75/76B | - | €436 | +€436 | |
| Recurring financial income | 75 | - | €436 | +€436 | |
| Financial charges | 65/66B | €33,620 | €32,631 | -€988 | -2.9% |
| Recurring financial charges | 65 | €33,620 | €32,631 | -€988 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | -€36,768 | €51,730 | +€88,499 | |
| Profit (loss) for the period | 9904 | -€36,768 | €51,730 | +€88,499 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,768 | €51,730 | +€88,499 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.