HERVE BELGIUM: what changed
HERVE BELGIUM
Largest movements
- Receivables within one year +€30,171
up €30,171 (+495%), from €6,089 to €36,261
- Cash -€9,631
down €9,631 (-30.5%), from €31,554 to €21,923
mainly Receivables within one year (-€30,171) and Accrued charges and deferred income (-€1,258)
- Trade debts +€14,184
up €14,184 (+78.2%), from €18,139 to €32,323
- Profit (loss) carried forward +€3,903
up €3,903, from -€2,224 to €1,679
- Other debts +€1,970
up €1,970 (+6.6%), from €30,000 to €31,970
- Tax, wage and social debts +€1,715
up €1,715 (+45.8%), from €3,745 to €5,460
- Accrued charges and deferred income -€1,258
down €1,258 (-75.3%), from €1,670 to €412
- Turnover -€22,000
no longer reported in 2025 (was €22,000)
- Purchases and services -€21,841
no longer reported in 2025 (was €21,841)
- Gross operating margin +€4,570
up €4,570 (+179%), from €2,560 to €7,130
- Financial charges -€753
down €753 (-21.2%), from €3,553 to €2,801
- Other operating charges -€386
down €386 (-49.1%), from €786 to €400
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 | €71,790 | €92,304 | +€20,514 | +28.6% |
| Fixed assets | 21/28 | €34,147 | €34,120 | -€27 | -0.1% |
| Financial fixed assets | 28 | €34,147 | €34,120 | -€27 | -0.1% |
| Current assets | 29/58 | €37,643 | €58,184 | +€20,541 | +54.6% |
| Amounts receivable within one year | 40/41 | €6,089 | €36,261 | +€30,171 | +495% |
| Trade receivables | 40 | €6,089 | €36,261 | +€30,171 | +495% |
| Cash at bank and in hand | 54/58 | €31,554 | €21,923 | -€9,631 | -30.5% |
| Total equity and liabilities | 10/49 | €71,790 | €92,304 | +€20,514 | +28.6% |
| Equity | 10/15 | €18,236 | €22,139 | +€3,903 | +21.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€2,224 | €1,679 | +€3,903 | |
| Amounts payable | 17/49 | €53,554 | €70,165 | +€16,611 | +31.0% |
| Amounts payable within one year | 42/48 | €51,884 | €69,753 | +€17,869 | +34.4% |
| Trade debts | 44 | €18,139 | €32,323 | +€14,184 | +78.2% |
| Suppliers | 440/4 | €18,139 | €32,323 | +€14,184 | +78.2% |
| Taxes, remuneration and social security | 45 | €3,745 | €5,460 | +€1,715 | +45.8% |
| Taxes | 450/3 | €3,745 | €5,460 | +€1,715 | +45.8% |
| Other amounts payable | 47/48 | €30,000 | €31,970 | +€1,970 | +6.6% |
| Accrued charges and deferred income | 492/3 | €1,670 | €412 | -€1,258 | -75.3% |
| Turnover | 70 | €22,000 | - | -€22,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €21,841 | - | -€21,841 | |
| Other operating charges | 640/8 | €786 | €400 | -€386 | -49.1% |
| Non-recurring operating charges | 66A | €886 | €27 | -€859 | -97.0% |
| Gross operating margin | 9900 | €2,560 | €7,130 | +€4,570 | +179% |
| Operating profit (loss) | 9901 | €889 | €6,704 | +€5,815 | +654% |
| Financial charges | 65/66B | €3,553 | €2,801 | -€753 | -21.2% |
| Recurring financial charges | 65 | €3,553 | €2,801 | -€753 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,665 | €3,903 | +€6,568 | |
| Profit (loss) for the period | 9904 | -€2,665 | €3,903 | +€6,568 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,665 | €3,903 | +€6,568 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.