HerVaàM: what changed
HerVaàM
Largest movements
- Deferred charges and accrued income -€30,991
down €30,991 (-46.4%), from €66,719 to €35,728
- Cash -€7,422
down €7,422 (-20.9%), from €35,427 to €28,005
mainly Accrued charges and deferred income (-€47,925) and Tax, wage and social debts (-€5,217)
- Receivables within one year -€3,551
down €3,551 (-5.2%), from €68,788 to €65,237
of which Trade receivables: -€6,800
- Accrued charges and deferred income -€47,925
down €47,925 (-41.4%), from €115,667 to €67,742
- Trade debts +€10,201
up €10,201 (+72.6%), from €14,047 to €24,248
- Tax, wage and social debts -€5,217
down €5,217 (-45.2%), from €11,549 to €6,332
of which Remuneration and social security: -€4,103
- Other operating charges +€16,417
up €16,417 (+3,328%), from €493 to €16,910
- Gross operating margin +€7,893
up €7,893 (+26.6%), from €29,726 to €37,619
- Staff costs -€3,756
down €3,756 (-17.1%), from €22,032 to €18,275
- Taxes -€1,725
down €1,725 (-40.0%), from €4,313 to €2,588
- Financial income +€868
up €868 (+76.6%), from €1,134 to €2,002
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €176,569 | €133,050 | -€43,519 | -24.6% |
| Fixed assets | 21/28 | €5,440 | €4,080 | -€1,360 | -25.0% |
| Tangible fixed assets | 22/27 | €5,440 | €4,080 | -€1,360 | -25.0% |
| Other tangible fixed assets | 26 | €5,440 | €4,080 | -€1,360 | -25.0% |
| Current assets | 29/58 | €171,129 | €128,970 | -€42,159 | -24.6% |
| Amounts receivable within one year | 40/41 | €68,788 | €65,237 | -€3,551 | -5.2% |
| Trade receivables | 40 | €31,845 | €25,046 | -€6,800 | -21.4% |
| Other amounts receivable | 41 | €36,942 | €40,191 | +€3,248 | +8.8% |
| Current investments | 50/53 | €195 | - | -€195 | |
| Cash at bank and in hand | 54/58 | €35,427 | €28,005 | -€7,422 | -20.9% |
| Deferred charges and accrued income | 490/1 | €66,719 | €35,728 | -€30,991 | -46.4% |
| Total equity and liabilities | 10/49 | €176,569 | €133,050 | -€43,519 | -24.6% |
| Equity | 10/15 | €34,381 | €34,729 | +€348 | +1.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €14,381 | €14,729 | +€348 | +2.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €12,381 | €12,729 | +€348 | +2.8% |
| Amounts payable | 17/49 | €142,188 | €98,321 | -€43,867 | -30.9% |
| Amounts payable within one year | 42/48 | €26,521 | €30,580 | +€4,058 | +15.3% |
| Financial debts | 43 | €926 | - | -€926 | |
| Credit institutions | 430/8 | €926 | - | -€926 | |
| Trade debts | 44 | €14,047 | €24,248 | +€10,201 | +72.6% |
| Suppliers | 440/4 | €14,047 | €24,248 | +€10,201 | +72.6% |
| Taxes, remuneration and social security | 45 | €11,549 | €6,332 | -€5,217 | -45.2% |
| Taxes | 450/3 | €2,523 | €1,409 | -€1,114 | -44.2% |
| Remuneration and social security | 454/9 | €9,026 | €4,923 | -€4,103 | -45.5% |
| Accrued charges and deferred income | 492/3 | €115,667 | €67,742 | -€47,925 | -41.4% |
| Remuneration, social security and pensions | 62 | €22,032 | €18,275 | -€3,756 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,360 | €1,360 | = | 0.0% |
| Other operating charges | 640/8 | €493 | €16,910 | +€16,417 | +3,328% |
| Gross operating margin | 9900 | €29,726 | €37,619 | +€7,893 | +26.6% |
| Operating profit (loss) | 9901 | €5,841 | €1,074 | -€4,767 | -81.6% |
| Financial income | 75/76B | €1,134 | €2,002 | +€868 | +76.6% |
| Recurring financial income | 75 | €1,134 | €2,002 | +€868 | +76.6% |
| Financial charges | 65/66B | €132 | €139 | +€8 | +5.9% |
| Recurring financial charges | 65 | €132 | €139 | +€8 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €6,843 | €2,936 | -€3,906 | -57.1% |
| Income taxes | 67/77 | €4,313 | €2,588 | -€1,725 | -40.0% |
| Profit (loss) for the period | 9904 | €2,529 | €348 | -€2,181 | -86.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,529 | €348 | -€2,181 | -86.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.