HERWIG HOSTENS: 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.
HERWIG HOSTENS
Largest movements
- Cash -€19,276
down €19,276 (-42.5%), from €45,378 to €26,102
mainly Receivables within one year (-€11,465) and Trade debts (-€7,672)
- Receivables within one year +€11,465
up €11,465 (+917%), from €1,250 to €12,715
of which Trade receivables: +€10,228
- Deferred charges and accrued income -€3,342
down €3,342 (-26.6%), from €12,576 to €9,234
- Trade debts -€7,672
down €7,672 (-39.5%), from €19,433 to €11,761
- Reserves -€4,401
down €4,401 (-17.0%), from €25,856 to €21,455
of which Distributable reserves: -€4,401
- Write-downs -€2,500
down €2,500, from €0 to -€2,500
- Other operating charges +€2,072
up €2,072 (+369%), from €562 to €2,634
- Gross operating margin -€1,714
down €1,714 (-55.6%), from €3,084 to €1,371
- Financial charges +€1,497
up €1,497 (+447%), from €335 to €1,832
- Depreciation +€761
up €761 (+26.2%), from €2,905 to €3,666
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 | €80,328 | €68,533 | -€11,796 | -14.7% |
| Fixed assets | 21/28 | €21,124 | €20,482 | -€643 | -3.0% |
| Tangible fixed assets | 22/27 | €21,124 | €20,482 | -€643 | -3.0% |
| Furniture and vehicles | 24 | €1,034 | €2,738 | +€1,704 | +165% |
| Other tangible fixed assets | 26 | €20,090 | €17,743 | -€2,347 | -11.7% |
| Current assets | 29/58 | €59,204 | €48,051 | -€11,153 | -18.8% |
| Amounts receivable within one year | 40/41 | €1,250 | €12,715 | +€11,465 | +917% |
| Trade receivables | 40 | €525 | €10,753 | +€10,228 | +1,948% |
| Other amounts receivable | 41 | €725 | €1,962 | +€1,237 | +171% |
| Cash at bank and in hand | 54/58 | €45,378 | €26,102 | -€19,276 | -42.5% |
| Deferred charges and accrued income | 490/1 | €12,576 | €9,234 | -€3,342 | -26.6% |
| Total equity and liabilities | 10/49 | €80,328 | €68,533 | -€11,796 | -14.7% |
| Equity | 10/15 | €44,456 | €40,055 | -€4,401 | -9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,856 | €21,455 | -€4,401 | -17.0% |
| Tax-exempt reserves | 132 | €3,093 | €3,093 | = | 0.0% |
| Distributable reserves | 133 | €22,764 | €18,362 | -€4,401 | -19.3% |
| Amounts payable | 17/49 | €35,872 | €28,478 | -€7,394 | -20.6% |
| Amounts payable within one year | 42/48 | €35,872 | €28,478 | -€7,394 | -20.6% |
| Trade debts | 44 | €19,433 | €11,761 | -€7,672 | -39.5% |
| Suppliers | 440/4 | €19,433 | €11,761 | -€7,672 | -39.5% |
| Taxes, remuneration and social security | 45 | €1,276 | €1,416 | +€140 | +11.0% |
| Taxes | 450/3 | €1,276 | €1,416 | +€140 | +11.0% |
| Other amounts payable | 47/48 | €15,163 | €15,301 | +€138 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,905 | €3,666 | +€761 | +26.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€2,500 | -€2,500 | |
| Other operating charges | 640/8 | €562 | €2,634 | +€2,072 | +369% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €3,084 | €1,371 | -€1,714 | -55.6% |
| Operating profit (loss) | 9901 | -€383 | -€2,429 | -€2,046 | -535% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €335 | €1,832 | +€1,497 | +447% |
| Recurring financial charges | 65 | €335 | €1,832 | +€1,497 | +447% |
| Profit (loss) for the period before taxes | 9903 | -€718 | -€4,261 | -€3,544 | -494% |
| Income taxes | 67/77 | €438 | €140 | -€298 | -68.0% |
| Profit (loss) for the period | 9904 | -€1,156 | -€4,401 | -€3,246 | -281% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,156 | -€4,401 | -€3,246 | -281% |
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 27 October 2026 via checked.be.