Herti02: 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.
Herti02
Largest movements
- Tangible fixed assets -€10,440
down €10,440 (-2.5%), from €419,560 to €409,119
- Debts after one year -€10,230
down €10,230 (-3.8%), from €271,556 to €261,326
- Depreciation -€51,600
down €51,600 (-82.0%), from €62,910 to €11,310
- Gross operating margin +€8,593
up €8,593 (+36.4%), from €23,623 to €32,216
- Financial charges -€2,146
down €2,146 (-10.0%), from €21,446 to €19,300
- Other operating charges -€884
down €884 (-20.2%), from €4,368 to €3,484
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 | €423,678 | €411,064 | -€12,613 | -3.0% |
| Fixed assets | 21/28 | €421,226 | €409,916 | -€11,310 | -2.7% |
| Intangible fixed assets | 21 | €1,666 | €796 | -€870 | -52.2% |
| Tangible fixed assets | 22/27 | €419,560 | €409,119 | -€10,440 | -2.5% |
| Land and buildings | 22 | €419,560 | €409,119 | -€10,440 | -2.5% |
| Current assets | 29/58 | €2,452 | €1,149 | -€1,303 | -53.1% |
| Amounts receivable within one year | 40/41 | €5 | €724 | +€720 | +15,925% |
| Other amounts receivable | 41 | €5 | €724 | +€720 | +15,925% |
| Cash at bank and in hand | 54/58 | €2,447 | €425 | -€2,023 | -82.7% |
| Total equity and liabilities | 10/49 | €423,678 | €411,064 | -€12,613 | -3.0% |
| Equity | 10/15 | -€79,371 | -€81,250 | -€1,878 | -2.4% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,871 | -€88,750 | -€1,878 | -2.2% |
| Amounts payable | 17/49 | €503,049 | €492,314 | -€10,735 | -2.1% |
| Amounts payable after more than one year | 17 | €271,556 | €261,326 | -€10,230 | -3.8% |
| Financial debts | 170/4 | €271,556 | €261,326 | -€10,230 | -3.8% |
| Amounts payable within one year | 42/48 | €231,492 | €230,988 | -€504 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €9,808 | €10,230 | +€422 | +4.3% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €5,579 | €4,607 | -€972 | -17.4% |
| Suppliers | 440/4 | €5,579 | €4,607 | -€972 | -17.4% |
| Taxes, remuneration and social security | 45 | €105 | €100 | -€5 | -4.3% |
| Taxes | 450/3 | €105 | €100 | -€5 | -4.3% |
| Other amounts payable | 47/48 | €16,000 | €16,050 | +€50 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,910 | €11,310 | -€51,600 | -82.0% |
| Other operating charges | 640/8 | €4,368 | €3,484 | -€884 | -20.2% |
| Gross operating margin | 9900 | €23,623 | €32,216 | +€8,593 | +36.4% |
| Operating profit (loss) | 9901 | -€43,656 | €17,421 | +€61,077 | |
| Financial charges | 65/66B | €21,446 | €19,300 | -€2,146 | -10.0% |
| Recurring financial charges | 65 | €21,446 | €19,300 | -€2,146 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | -€65,102 | -€1,878 | +€63,224 | +97.1% |
| Profit (loss) for the period | 9904 | -€65,102 | -€1,878 | +€63,224 | +97.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,102 | -€1,878 | +€63,224 | +97.1% |
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 18 October 2026 via checked.be.