HERVAN: 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.
HERVAN
Largest movements
- Cash +€24,617
up €24,617 (+31.0%), from €79,305 to €103,922
mainly Net result for the year (+€25,198) and Other debts (+€21,077)
- Receivables within one year +€9,319
up €9,319 (+42.0%), from €22,205 to €31,524
of which Trade receivables: +€8,437
- Tangible fixed assets -€2,359
down €2,359 (-9.9%), from €23,733 to €21,374
of which Land and buildings: -€2,171
- Other debts +€21,077
up €21,077 (+82.5%), from €25,543 to €46,619
- Reserves +€10,438
up €10,438 (+11.0%), from €94,842 to €105,280
- Gross operating margin -€2,791
down €2,791 (-6.3%), from €44,511 to €41,720
- Taxes -€878
down €878 (-6.8%), from €12,948 to €12,070
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 | €125,242 | €156,820 | +€31,577 | +25.2% |
| Fixed assets | 21/28 | €23,733 | €21,374 | -€2,359 | -9.9% |
| Tangible fixed assets | 22/27 | €23,733 | €21,374 | -€2,359 | -9.9% |
| Land and buildings | 22 | €23,544 | €21,374 | -€2,171 | -9.2% |
| Furniture and vehicles | 24 | €189 | €0 | -€189 | -100.0% |
| Current assets | 29/58 | €101,510 | €135,446 | +€33,936 | +33.4% |
| Amounts receivable within one year | 40/41 | €22,205 | €31,524 | +€9,319 | +42.0% |
| Trade receivables | 40 | €20,150 | €28,587 | +€8,437 | +41.9% |
| Other amounts receivable | 41 | €2,055 | €2,937 | +€882 | +42.9% |
| Cash at bank and in hand | 54/58 | €79,305 | €103,922 | +€24,617 | +31.0% |
| Total equity and liabilities | 10/49 | €125,242 | €156,820 | +€31,577 | +25.2% |
| Equity | 10/15 | €94,842 | €105,280 | +€10,438 | +11.0% |
| Reserves | 13 | €94,842 | €105,280 | +€10,438 | +11.0% |
| Distributable reserves | 133 | €94,842 | €105,280 | +€10,438 | +11.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €30,401 | €51,539 | +€21,139 | +69.5% |
| Amounts payable within one year | 42/48 | €30,401 | €51,539 | +€21,139 | +69.5% |
| Trade debts | 44 | €936 | €329 | -€607 | -64.8% |
| Suppliers | 440/4 | €936 | €329 | -€607 | -64.8% |
| Taxes, remuneration and social security | 45 | €3,922 | €4,591 | +€669 | +17.1% |
| Taxes | 450/3 | €3,922 | €4,591 | +€669 | +17.1% |
| Other amounts payable | 47/48 | €25,543 | €46,619 | +€21,077 | +82.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,549 | €3,559 | +€10 | +0.3% |
| Other operating charges | 640/8 | €660 | €799 | +€139 | +21.1% |
| Gross operating margin | 9900 | €44,511 | €41,720 | -€2,791 | -6.3% |
| Operating profit (loss) | 9901 | €40,302 | €37,361 | -€2,940 | -7.3% |
| Financial charges | 65/66B | €94 | €93 | -€1 | -1.2% |
| Recurring financial charges | 65 | €94 | €93 | -€1 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €40,208 | €37,269 | -€2,939 | -7.3% |
| Income taxes | 67/77 | €12,948 | €12,070 | -€878 | -6.8% |
| Profit (loss) for the period | 9904 | €27,260 | €25,198 | -€2,061 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,260 | €25,198 | -€2,061 | -7.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.