HERVE S.: 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.
HERVE S.
Largest movements
- Tangible fixed assets -€17,115
down €17,115 (-10.5%), from €163,291 to €146,177
of which Plant, machinery and equipment: -€8,592
- Stocks and contracts +€3,837
up €3,837 (+35.1%), from €10,918 to €14,755
- Debts after one year -€18,524
down €18,524 (-14.4%), from €128,426 to €109,902
of which Financial debts: -€19,041
- Accrued charges and deferred income +€6,841
new in 2025: €6,841
- Tax, wage and social debts +€3,413
up €3,413 (+13.6%), from €25,108 to €28,522
of which Taxes: +€3,092
- Trade debts -€3,129
down €3,129 (-19.7%), from €15,849 to €12,720
- Gross operating margin -€8,045
down €8,045 (-4.9%), from €162,907 to €154,862
- Staff costs +€4,192
up €4,192 (+3.6%), from €116,636 to €120,828
- Taxes -€1,720
down €1,720 (-42.3%), from €4,062 to €2,342
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 | €205,282 | €193,762 | -€11,520 | -5.6% |
| Fixed assets | 21/28 | €163,291 | €146,177 | -€17,115 | -10.5% |
| Tangible fixed assets | 22/27 | €163,291 | €146,177 | -€17,115 | -10.5% |
| Plant, machinery and equipment | 23 | €69,748 | €61,157 | -€8,592 | -12.3% |
| Furniture and vehicles | 24 | €4,873 | €3,638 | -€1,235 | -25.3% |
| Other tangible fixed assets | 26 | €88,670 | €81,382 | -€7,288 | -8.2% |
| Current assets | 29/58 | €41,991 | €47,585 | +€5,595 | +13.3% |
| Stocks and contracts in progress | 3 | €10,918 | €14,755 | +€3,837 | +35.1% |
| Stocks | 30/36 | €10,918 | €14,755 | +€3,837 | +35.1% |
| Amounts receivable within one year | 40/41 | €1,017 | €1,159 | +€143 | +14.0% |
| Trade receivables | 40 | €1,017 | €1,159 | +€143 | +14.0% |
| Cash at bank and in hand | 54/58 | €29,615 | €30,284 | +€668 | +2.3% |
| Deferred charges and accrued income | 490/1 | €441 | €1,388 | +€947 | +215% |
| Total equity and liabilities | 10/49 | €205,282 | €193,762 | -€11,520 | -5.6% |
| Equity | 10/15 | €11,148 | €12,321 | +€1,173 | +10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,312 | -€8,139 | +€1,173 | +12.6% |
| Amounts payable | 17/49 | €194,134 | €181,441 | -€12,693 | -6.5% |
| Amounts payable after more than one year | 17 | €128,426 | €109,902 | -€18,524 | -14.4% |
| Financial debts | 170/4 | €127,631 | €108,591 | -€19,041 | -14.9% |
| Other amounts payable | 178/9 | €795 | €1,312 | +€517 | +65.1% |
| Amounts payable within one year | 42/48 | €65,708 | €64,697 | -€1,011 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €22,751 | €23,456 | +€705 | +3.1% |
| Trade debts | 44 | €15,849 | €12,720 | -€3,129 | -19.7% |
| Suppliers | 440/4 | €15,849 | €12,720 | -€3,129 | -19.7% |
| Taxes, remuneration and social security | 45 | €25,108 | €28,522 | +€3,413 | +13.6% |
| Taxes | 450/3 | €17,380 | €20,472 | +€3,092 | +17.8% |
| Remuneration and social security | 454/9 | €7,728 | €8,050 | +€321 | +4.2% |
| Other amounts payable | 47/48 | €2,000 | - | -€2,000 | |
| Accrued charges and deferred income | 492/3 | - | €6,841 | +€6,841 | |
| Remuneration, social security and pensions | 62 | €116,636 | €120,828 | +€4,192 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,209 | €24,465 | +€256 | +1.1% |
| Other operating charges | 640/8 | €1,461 | €1,668 | +€208 | +14.2% |
| Non-recurring operating charges | 66A | €538 | - | -€538 | |
| Gross operating margin | 9900 | €162,907 | €154,862 | -€8,045 | -4.9% |
| Operating profit (loss) | 9901 | €20,063 | €7,901 | -€12,162 | -60.6% |
| Financial income | 75/76B | €66 | €86 | +€20 | +30.6% |
| Recurring financial income | 75 | €66 | €86 | +€20 | +30.6% |
| Financial charges | 65/66B | €5,212 | €4,471 | -€742 | -14.2% |
| Recurring financial charges | 65 | €5,212 | €4,471 | -€742 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €14,916 | €3,516 | -€11,400 | -76.4% |
| Income taxes | 67/77 | €4,062 | €2,342 | -€1,720 | -42.3% |
| Profit (loss) for the period | 9904 | €10,854 | €1,173 | -€9,680 | -89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,854 | €1,173 | -€9,680 | -89.2% |
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 15 October 2026 via checked.be.