HIERON: 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.
HIERON
Largest movements
- Tangible fixed assets -€136,691
down €136,691 (-6.1%), from €2.2m to €2.1m
- Current investments -€43,692
down €43,692 (-45.4%), from €96,207 to €52,515
- Debts after one year -€199,737
down €199,737 (-14.7%), from €1.4m to €1.2m
- Accrued charges and deferred income +€49,060
up €49,060 (+2525.6%), from €1,943 to €51,003
- Profit (loss) carried forward -€29,071
down €29,071 (-8.9%), from €326,818 to €297,747
- Financial charges +€8,516
up €8,516 (+17.1%), from €49,870 to €58,386
- Gross operating margin +€6,163
up €6,163 (+3.2%), from €189,848 to €196,011
- Other operating charges -€3,182
down €3,182 (-18.1%), from €17,607 to €14,425
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 | €2,539,189 | €2,348,340 | -€190,849 | -7.5% |
| Fixed assets | 21/28 | €2,427,502 | €2,290,811 | -€136,691 | -5.6% |
| Tangible fixed assets | 22/27 | €2,227,502 | €2,090,811 | -€136,691 | -6.1% |
| Land and buildings | 22 | €2,227,502 | €2,090,811 | -€136,691 | -6.1% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €111,687 | €57,529 | -€54,158 | -48.5% |
| Amounts receivable within one year | 40/41 | - | €521 | +€521 | |
| Other amounts receivable | 41 | - | €521 | +€521 | |
| Current investments | 50/53 | €96,207 | €52,515 | -€43,692 | -45.4% |
| Cash at bank and in hand | 54/58 | €555 | - | -€555 | |
| Deferred charges and accrued income | 490/1 | €14,925 | €4,493 | -€10,432 | -69.9% |
| Total equity and liabilities | 10/49 | €2,539,189 | €2,348,340 | -€190,849 | -7.5% |
| Equity | 10/15 | €358,406 | €329,335 | -€29,071 | -8.1% |
| Contributions | 10/11 | €18,065 | €18,065 | = | 0.0% |
| Reserves | 13 | €13,522 | €13,522 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,807 | €1,807 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,807 | €1,807 | = | 0.0% |
| Distributable reserves | 133 | €11,715 | €11,715 | = | 0.0% |
| Profit (loss) carried forward | 14 | €326,818 | €297,747 | -€29,071 | -8.9% |
| Amounts payable | 17/49 | €2,180,783 | €2,019,005 | -€161,778 | -7.4% |
| Amounts payable after more than one year | 17 | €1,360,781 | €1,161,045 | -€199,737 | -14.7% |
| Financial debts | 170/4 | €1,360,781 | €1,161,045 | -€199,737 | -14.7% |
| Amounts payable within one year | 42/48 | €818,059 | €806,958 | -€11,101 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €160,787 | €140,687 | -€20,100 | -12.5% |
| Financial debts | 43 | €511 | - | -€511 | |
| Credit institutions | 430/8 | €511 | - | -€511 | |
| Trade debts | 44 | €13,680 | €8,244 | -€5,435 | -39.7% |
| Suppliers | 440/4 | €13,680 | €8,244 | -€5,435 | -39.7% |
| Other amounts payable | 47/48 | €643,082 | €658,026 | +€14,945 | +2.3% |
| Accrued charges and deferred income | 492/3 | €1,943 | €51,003 | +€49,060 | +2525.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,897 | €152,959 | -€938 | -0.6% |
| Other operating charges | 640/8 | €17,607 | €14,425 | -€3,182 | -18.1% |
| Gross operating margin | 9900 | €189,848 | €196,011 | +€6,163 | +3.2% |
| Operating profit (loss) | 9901 | €18,344 | €28,627 | +€10,283 | +56.1% |
| Financial income | 75/76B | - | €688 | +€688 | |
| Recurring financial income | 75 | - | €688 | +€688 | |
| Financial charges | 65/66B | €49,870 | €58,386 | +€8,516 | +17.1% |
| Recurring financial charges | 65 | €49,870 | €58,386 | +€8,516 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | -€31,526 | -€29,071 | +€2,455 | +7.8% |
| Profit (loss) for the period | 9904 | -€31,526 | -€29,071 | +€2,455 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,526 | -€29,071 | +€2,455 | +7.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.