JEROME HERTAY: what changed
What changed
JEROME HERTAY
NACE 81.300, Landscape service activities
filed annual accounts (NBB)
Net result for the year
€69,554
2024 · €100,980-€31,426
Equity
€404,303
2024 · €334,749+€69,554
Cash
€187,177
2024 · €148,170+€39,007
Balance sheet total
€430,049
2024 · €391,091+€38,958
Largest movements
Assets
- Cash +€39,007
up €39,007 (+26.3%), from €148,170 to €187,177
mainly Net result for the year (+€69,554) and Depreciation (+€38,234)
- Receivables within one year +€32,865
up €32,865 (+72.8%), from €45,147 to €78,012
of which Trade receivables: +€22,282
- Intangible fixed assets -€25,000
down €25,000 (-14.5%), from €172,546 to €147,546
- Tangible fixed assets -€9,008
down €9,008 (-36.1%), from €24,951 to €15,943
of which Furniture and vehicles: -€9,808
Equity and liabilities
- Reserves +€69,554
up €69,554 (+21.8%), from €319,749 to €389,303
- Debts after one year -€28,569
down €28,569 (-94.2%), from €30,314 to €1,745
Income statement
- Gross operating margin -€50,756
down €50,756 (-27.2%), from €186,775 to €136,019
- Taxes -€14,794
down €14,794 (-35.9%), from €41,167 to €26,373
- Depreciation -€4,861
down €4,861 (-11.3%), from €43,095 to €38,234
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.
Result 2024
€100,980
Gross operating margin
-€50,756
Depreciation
+€4,861
Other operating charges
+€267
Other operating items
-€620
Financial income
-€13
Financial charges
+€41
Taxes
+€14,794
Result 2025
€69,554
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€75,415
Investment
-€4,226
Financing
-€32,181
Cash 2024
€148,170
From operations (derived)
+€75,415
Net result for the year
+€69,554
Depreciation
+€38,234
Stocks and contracts
-€869
Receivables within one year
-€32,865
Deferred charges and accrued income
-€224
Trade debts
+€188
Tax, wage and social debts
+€1,398
Investment (derived)
-€4,226
Investment in fixed assets (net)
-€4,226
Financing
-€32,181
Debts after one year
-€28,569
Current portion of long-term debt
-€3,613
Cash 2025
€187,177
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €391,091 | €430,049 | +€38,958 | +10.0% |
| Fixed assets | 21/28 | €197,496 | €163,489 | -€34,007 | -17.2% |
| Intangible fixed assets | 21 | €172,546 | €147,546 | -€25,000 | -14.5% |
| Tangible fixed assets | 22/27 | €24,951 | €15,943 | -€9,008 | -36.1% |
| Plant, machinery and equipment | 23 | €6,297 | €7,098 | +€801 | +12.7% |
| Furniture and vehicles | 24 | €18,654 | €8,845 | -€9,808 | -52.6% |
| Current assets | 29/58 | €193,595 | €266,560 | +€72,965 | +37.7% |
| Stocks and contracts in progress | 3 | - | €869 | +€869 | |
| Stocks | 30/36 | - | €869 | +€869 | |
| Amounts receivable within one year | 40/41 | €45,147 | €78,012 | +€32,865 | +72.8% |
| Trade receivables | 40 | €38,823 | €61,105 | +€22,282 | +57.4% |
| Other amounts receivable | 41 | €6,324 | €16,907 | +€10,583 | +167% |
| Cash at bank and in hand | 54/58 | €148,170 | €187,177 | +€39,007 | +26.3% |
| Deferred charges and accrued income | 490/1 | €278 | €502 | +€224 | +80.7% |
| Total equity and liabilities | 10/49 | €391,091 | €430,049 | +€38,958 | +10.0% |
| Equity | 10/15 | €334,749 | €404,303 | +€69,554 | +20.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Contributions outside capital | 11 | €15,000 | - | -€15,000 | |
| Other | 1109/19 | €15,000 | - | -€15,000 | |
| Reserves | 13 | €319,749 | €389,303 | +€69,554 | +21.8% |
| Distributable reserves | 133 | €319,749 | €389,303 | +€69,554 | +21.8% |
| Amounts payable | 17/49 | €56,342 | €25,746 | -€30,596 | -54.3% |
| Amounts payable after more than one year | 17 | €30,314 | €1,745 | -€28,569 | -94.2% |
| Financial debts | 170/4 | €30,314 | €1,745 | -€28,569 | -94.2% |
| Amounts payable within one year | 42/48 | €26,029 | €24,001 | -€2,027 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €7,225 | €3,612 | -€3,613 | -50.0% |
| Trade debts | 44 | €3,444 | €3,631 | +€188 | +5.4% |
| Suppliers | 440/4 | €3,444 | €3,631 | +€188 | +5.4% |
| Taxes, remuneration and social security | 45 | €15,360 | €16,758 | +€1,398 | +9.1% |
| Taxes | 450/3 | €15,360 | €16,758 | +€1,398 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,095 | €38,234 | -€4,861 | -11.3% |
| Other operating charges | 640/8 | €1,237 | €970 | -€267 | -21.5% |
| Non-recurring operating charges | 66A | - | €620 | +€620 | |
| Gross operating margin | 9900 | €186,775 | €136,019 | -€50,756 | -27.2% |
| Operating profit (loss) | 9901 | €142,444 | €96,195 | -€46,249 | -32.5% |
| Financial income | 75/76B | €37 | €24 | -€13 | -34.8% |
| Recurring financial income | 75 | €37 | €24 | -€13 | -34.8% |
| Financial charges | 65/66B | €333 | €292 | -€41 | -12.3% |
| Recurring financial charges | 65 | €333 | €292 | -€41 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €142,147 | €95,926 | -€46,221 | -32.5% |
| Income taxes | 67/77 | €41,167 | €26,373 | -€14,794 | -35.9% |
| Profit (loss) for the period | 9904 | €100,980 | €69,554 | -€31,426 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €100,980 | €69,554 | -€31,426 | -31.1% |
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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 5 November 2026 via checked.be.