HERTSENS IT: 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.
HERTSENS IT
Largest movements
- Cash -€78,796
down €78,796 (-48.1%), from €163,732 to €84,935
mainly Contributions, distributions and other (-€222,000) and Receivables within one year (-€13,934)
- Receivables within one year +€13,934
up €13,934 (+107%), from €13,042 to €26,976
of which Trade receivables: +€18,044
- Profit (loss) carried forward -€150,283
down €150,283 (-90.5%), from €166,100 to €15,818
- Other debts +€80,906
new in 2025: €80,906
- Tax, wage and social debts +€4,475
up €4,475 (+48.5%), from €9,228 to €13,703
- Gross operating margin +€11,807
up €11,807 (+14.3%), from €82,695 to €94,502
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 | €178,436 | €113,521 | -€64,915 | -36.4% |
| Formation expenses | 20 | €414 | €194 | -€219 | -53.1% |
| Fixed assets | 21/28 | €545 | €324 | -€221 | -40.6% |
| Tangible fixed assets | 22/27 | €545 | €324 | -€221 | -40.6% |
| Furniture and vehicles | 24 | €545 | €324 | -€221 | -40.6% |
| Current assets | 29/58 | €177,477 | €113,003 | -€64,474 | -36.3% |
| Amounts receivable within one year | 40/41 | €13,042 | €26,976 | +€13,934 | +107% |
| Trade receivables | 40 | €8,932 | €26,976 | +€18,044 | +202% |
| Other amounts receivable | 41 | €4,110 | - | -€4,110 | |
| Cash at bank and in hand | 54/58 | €163,732 | €84,935 | -€78,796 | -48.1% |
| Deferred charges and accrued income | 490/1 | €704 | €1,092 | +€388 | +55.2% |
| Total equity and liabilities | 10/49 | €178,436 | €113,521 | -€64,915 | -36.4% |
| Equity | 10/15 | €169,100 | €18,818 | -€150,283 | -88.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €166,100 | €15,818 | -€150,283 | -90.5% |
| Amounts payable | 17/49 | €9,336 | €94,704 | +€85,368 | +914% |
| Amounts payable within one year | 42/48 | €9,336 | €94,704 | +€85,368 | +914% |
| Trade debts | 44 | €108 | €95 | -€13 | -11.6% |
| Suppliers | 440/4 | €108 | €95 | -€13 | -11.6% |
| Taxes, remuneration and social security | 45 | €9,228 | €13,703 | +€4,475 | +48.5% |
| Taxes | 450/3 | €9,228 | €13,703 | +€4,475 | +48.5% |
| Other amounts payable | 47/48 | - | €80,906 | +€80,906 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €441 | €441 | = | 0.0% |
| Other operating charges | 640/8 | €1,764 | €942 | -€822 | -46.6% |
| Gross operating margin | 9900 | €82,695 | €94,502 | +€11,807 | +14.3% |
| Operating profit (loss) | 9901 | €80,490 | €93,119 | +€12,629 | +15.7% |
| Financial charges | 65/66B | €190 | €90 | -€100 | -52.5% |
| Recurring financial charges | 65 | €190 | €90 | -€100 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €80,300 | €93,029 | +€12,729 | +15.9% |
| Income taxes | 67/77 | €21,845 | €21,312 | -€534 | -2.4% |
| Profit (loss) for the period | 9904 | €58,455 | €71,717 | +€13,262 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €58,455 | €71,717 | +€13,262 | +22.7% |
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 13 October 2026 via checked.be.