HIERENDAAR: 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.
HIERENDAAR
Largest movements
- Tangible fixed assets -€68,489
down €68,489 (-12.1%), from €567,468 to €498,979
of which Land and buildings: -€66,755
- Stocks and contracts -€47,762
no longer reported in 2025 (was €47,762)
- Cash -€41,955
down €41,955 (-55.4%), from €75,749 to €33,794
mainly Other debts (-€65,769) and Debts after one year (-€39,072)
- Other debts -€65,769
down €65,769 (-66.8%), from €98,459 to €32,691
- Debts after one year -€39,072
down €39,072 (-11.5%), from €341,204 to €302,132
- Trade debts -€38,594
down €38,594 (-97.8%), from €39,460 to €866
- Gross operating margin -€112,507
down €112,507, from €77,436 to -€35,071
- Financial income +€84,005
up €84,005 (+13,125,716%), from €1 to €84,005
of which Non-recurring financial income: +€84,001
- Depreciation -€7,567
down €7,567 (-25.1%), from €30,106 to €22,538
- Financial charges -€7,232
down €7,232 (-34.0%), from €21,274 to €14,043
- Taxes -€2,577
down €2,577 (-21.9%), from €11,749 to €9,171
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 | €713,480 | €557,025 | -€156,455 | -21.9% |
| Fixed assets | 21/28 | €567,468 | €498,979 | -€68,489 | -12.1% |
| Tangible fixed assets | 22/27 | €567,468 | €498,979 | -€68,489 | -12.1% |
| Land and buildings | 22 | €558,925 | €492,171 | -€66,755 | -11.9% |
| Plant, machinery and equipment | 23 | €2,273 | €80 | -€2,193 | -96.5% |
| Furniture and vehicles | 24 | €6,270 | €6,729 | +€459 | +7.3% |
| Current assets | 29/58 | €146,011 | €58,046 | -€87,966 | -60.2% |
| Stocks and contracts in progress | 3 | €47,762 | - | -€47,762 | |
| Stocks | 30/36 | €47,762 | - | -€47,762 | |
| Amounts receivable within one year | 40/41 | €9,414 | €11,166 | +€1,751 | +18.6% |
| Trade receivables | 40 | €9,414 | €2,356 | -€7,058 | -75.0% |
| Other amounts receivable | 41 | - | €8,809 | +€8,809 | |
| Current investments | 50/53 | €13,086 | €13,086 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €75,749 | €33,794 | -€41,955 | -55.4% |
| Total equity and liabilities | 10/49 | €713,480 | €557,025 | -€156,455 | -21.9% |
| Equity | 10/15 | €205,454 | €202,266 | -€3,189 | -1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €186,536 | €186,536 | = | 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% |
| Distributable reserves | 133 | €184,676 | €184,676 | = | 0.0% |
| Profit (loss) carried forward | 14 | €319 | -€2,870 | -€3,189 | |
| Amounts payable | 17/49 | €508,025 | €354,759 | -€153,266 | -30.2% |
| Amounts payable after more than one year | 17 | €341,204 | €302,132 | -€39,072 | -11.5% |
| Financial debts | 170/4 | €341,204 | €302,132 | -€39,072 | -11.5% |
| Amounts payable within one year | 42/48 | €166,821 | €52,628 | -€114,194 | -68.5% |
| Current portion of amounts payable after more than one year | 42 | €22,111 | €18,425 | -€3,686 | -16.7% |
| Trade debts | 44 | €39,460 | €866 | -€38,594 | -97.8% |
| Suppliers | 440/4 | €39,460 | €866 | -€38,594 | -97.8% |
| Taxes, remuneration and social security | 45 | €6,792 | €647 | -€6,145 | -90.5% |
| Taxes | 450/3 | €4,884 | €647 | -€4,237 | -86.8% |
| Remuneration and social security | 454/9 | €1,907 | - | -€1,907 | |
| Other amounts payable | 47/48 | €98,459 | €32,691 | -€65,769 | -66.8% |
| Remuneration, social security and pensions | 62 | €4,455 | €3,640 | -€815 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,106 | €22,538 | -€7,567 | -25.1% |
| Other operating charges | 640/8 | €4,421 | €2,730 | -€1,690 | -38.2% |
| Gross operating margin | 9900 | €77,436 | -€35,071 | -€112,507 | |
| Operating profit (loss) | 9901 | €38,455 | -€63,980 | -€102,435 | |
| Financial income | 75/76B | €1 | €84,005 | +€84,005 | +13,125,716% |
| Recurring financial income | 75 | €1 | €4 | +€3 | +506% |
| Non-recurring financial income | 76B | - | €84,001 | +€84,001 | |
| Financial charges | 65/66B | €21,274 | €14,043 | -€7,232 | -34.0% |
| Recurring financial charges | 65 | €21,274 | €14,043 | -€7,232 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €17,181 | €5,983 | -€11,198 | -65.2% |
| Income taxes | 67/77 | €11,749 | €9,171 | -€2,577 | -21.9% |
| Profit (loss) for the period | 9904 | €5,432 | -€3,189 | -€8,621 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,432 | -€3,189 | -€8,621 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.