LASWERKEN HERNO: 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.
LASWERKEN HERNO
Largest movements
- Tangible fixed assets -€30,143
down €30,143 (-60.7%), from €49,652 to €19,509
of which Leasing and similar rights: -€21,285
- Receivables within one year +€16,777
up €16,777 (+381%), from €4,407 to €21,184
of which Other amounts receivable: +€15,157
- Stocks and contracts -€15,000
down €15,000 (-75.3%), from €19,932 to €4,932
of which Contracts in progress: -€15,000
- Cash +€12,890
up €12,890 (+76.1%), from €16,936 to €29,826
mainly Investment in fixed assets (net) (+€19,980) and Stocks and contracts (+€15,000)
- Debts after one year -€11,490
down €11,490 (-100%), from €11,490 to €0
- Current portion of long-term debt -€9,729
down €9,729 (-100%), from €9,729 to €0
- Profit (loss) carried forward +€4,116
up €4,116 (+53.0%), from -€7,765 to -€3,649
- Other debts +€1,450
up €1,450 (+111%), from €1,303 to €2,753
- Trade debts -€1,305
down €1,305 (-50.6%), from €2,581 to €1,276
- Gross operating margin -€21,037
down €21,037 (-53.1%), from €39,616 to €18,579
- Depreciation -€10,307
down €10,307 (-50.4%), from €20,470 to €10,163
- Other operating charges -€3,331
down €3,331 (-83.0%), from €4,014 to €683
- Financial charges -€473
down €473 (-49.1%), from €963 to €490
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 | €91,258 | €75,452 | -€15,806 | -17.3% |
| Fixed assets | 21/28 | €49,652 | €19,509 | -€30,143 | -60.7% |
| Tangible fixed assets | 22/27 | €49,652 | €19,509 | -€30,143 | -60.7% |
| Plant, machinery and equipment | 23 | €12,653 | €8,188 | -€4,465 | -35.3% |
| Furniture and vehicles | 24 | €14,658 | €10,435 | -€4,223 | -28.8% |
| Leasing and similar rights | 25 | €21,285 | €0 | -€21,285 | -100% |
| Other tangible fixed assets | 26 | €1,056 | €886 | -€170 | -16.1% |
| Current assets | 29/58 | €41,606 | €55,943 | +€14,337 | +34.5% |
| Stocks and contracts in progress | 3 | €19,932 | €4,932 | -€15,000 | -75.3% |
| Stocks | 30/36 | €4,932 | €4,932 | = | 0.0% |
| Contracts in progress | 37 | €15,000 | €0 | -€15,000 | -100% |
| Amounts receivable within one year | 40/41 | €4,407 | €21,184 | +€16,777 | +381% |
| Trade receivables | 40 | €2,889 | €4,510 | +€1,620 | +56.1% |
| Other amounts receivable | 41 | €1,518 | €16,674 | +€15,157 | +999% |
| Cash at bank and in hand | 54/58 | €16,936 | €29,826 | +€12,890 | +76.1% |
| Deferred charges and accrued income | 490/1 | €330 | €0 | -€330 | -100% |
| Total equity and liabilities | 10/49 | €91,258 | €75,452 | -€15,806 | -17.3% |
| Equity | 10/15 | €65,885 | €70,001 | +€4,116 | +6.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €67,450 | €67,450 | = | 0.0% |
| Distributable reserves | 133 | €67,450 | €67,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,765 | -€3,649 | +€4,116 | +53.0% |
| Amounts payable | 17/49 | €25,373 | €5,451 | -€19,922 | -78.5% |
| Amounts payable after more than one year | 17 | €11,490 | €0 | -€11,490 | -100% |
| Financial debts | 170/4 | €11,490 | €0 | -€11,490 | -100% |
| Amounts payable within one year | 42/48 | €13,883 | €5,451 | -€8,432 | -60.7% |
| Current portion of amounts payable after more than one year | 42 | €9,729 | €0 | -€9,729 | -100% |
| Trade debts | 44 | €2,581 | €1,276 | -€1,305 | -50.6% |
| Suppliers | 440/4 | €2,581 | €1,276 | -€1,305 | -50.6% |
| Taxes, remuneration and social security | 45 | €269 | €1,421 | +€1,152 | +429% |
| Taxes | 450/3 | €269 | €1,421 | +€1,152 | +429% |
| Other amounts payable | 47/48 | €1,303 | €2,753 | +€1,450 | +111% |
| Non-recurring operating income | 76A | €8,959 | €4,797 | -€4,161 | -46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,470 | €10,163 | -€10,307 | -50.4% |
| Other operating charges | 640/8 | €4,014 | €683 | -€3,331 | -83.0% |
| Non-recurring operating charges | 66A | - | €2,699 | +€2,699 | |
| Gross operating margin | 9900 | €39,616 | €18,579 | -€21,037 | -53.1% |
| Operating profit (loss) | 9901 | €15,131 | €5,034 | -€10,098 | -66.7% |
| Financial income | 75/76B | €0 | €54 | +€54 | +270,000% |
| Recurring financial income | 75 | €0 | €54 | +€54 | +270,000% |
| Financial charges | 65/66B | €963 | €490 | -€473 | -49.1% |
| Recurring financial charges | 65 | €963 | €490 | -€473 | -49.1% |
| Profit (loss) for the period before taxes | 9903 | €14,168 | €4,598 | -€9,571 | -67.5% |
| Income taxes | 67/77 | €269 | €482 | +€213 | +79.3% |
| Profit (loss) for the period | 9904 | €13,899 | €4,116 | -€9,783 | -70.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,899 | €4,116 | -€9,783 | -70.4% |
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 23 October 2026 via checked.be.