OLIVIER HERPAIN: what changed
What changed
OLIVIER HERPAIN
NACE 73.300, Public relations and communication consultancy
filed annual accounts (NBB)
Net result for the year
-€8,413
2024 · €25,098-€33,511
Equity
€408,465
2024 · €416,877-€8,413
Cash
€74,809
2024 · €53,159+€21,649
Balance sheet total
€587,856
2024 · €580,358+€7,498
Largest movements
Assets
- Cash +€21,649
up €21,649 (+40.7%), from €53,159 to €74,809
mainly Depreciation (+€20,253) and Other debts (+€13,631)
- Tangible fixed assets -€14,717
down €14,717 (-28.9%), from €51,008 to €36,291
of which Furniture and vehicles: -€13,524
Equity and liabilities
- Other debts +€13,631
up €13,631 (+16.9%), from €80,536 to €94,167
- Current portion of long-term debt -€12,039
down €12,039 (-76.0%), from €15,845 to €3,806
- Reserves -€8,413
down €8,413 (-2.0%), from €410,677 to €402,265
- Tax, wage and social debts +€7,703
up €7,703 (+16.9%), from €45,569 to €53,273
of which Taxes: +€5,419
- Trade debts +€7,139
up €7,139 (+40.3%), from €17,724 to €24,864
Income statement
- Gross operating margin -€40,227
down €40,227 (-56.9%), from €70,675 to €30,448
- Taxes -€6,491
down €6,491 (-29.5%), from €22,010 to €15,519
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
€25,098
Gross operating margin
-€40,227
Depreciation
-€42
Other operating charges
-€49
Financial income
-€0
Financial charges
+€316
Taxes
+€6,491
Result 2025
-€8,413
raises the resultlowers the result
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
+€43,031
Investment
-€5,537
Financing
-€15,845
Cash 2024
€53,159
From operations (derived)
+€43,031
Net result for the year
-€8,413
Depreciation
+€20,253
Receivables within one year
+€1,262
Deferred charges and accrued income
-€1,827
Trade debts
+€7,139
Tax, wage and social debts
+€7,703
Other debts
+€13,631
Accrued charges and deferred income
+€3,282
Investment (derived)
-€5,537
Investment in fixed assets (net)
-€5,537
Financing
-€15,845
Debts after one year
-€3,806
Current portion of long-term debt
-€12,039
Cash 2025
€74,809
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €580,358 | €587,856 | +€7,498 | +1.3% |
| Fixed assets | 21/28 | €512,396 | €497,679 | -€14,717 | -2.9% |
| Tangible fixed assets | 22/27 | €51,008 | €36,291 | -€14,717 | -28.9% |
| Plant, machinery and equipment | 23 | €1,814 | €2,030 | +€215 | +11.9% |
| Furniture and vehicles | 24 | €33,149 | €19,624 | -€13,524 | -40.8% |
| Other tangible fixed assets | 26 | €16,045 | €14,637 | -€1,407 | -8.8% |
| Financial fixed assets | 28 | €461,388 | €461,388 | = | 0.0% |
| Current assets | 29/58 | €67,962 | €90,177 | +€22,214 | +32.7% |
| Amounts receivable within one year | 40/41 | €9,771 | €8,509 | -€1,262 | -12.9% |
| Trade receivables | 40 | €3,662 | €6,545 | +€2,882 | +78.7% |
| Other amounts receivable | 41 | €6,109 | €1,964 | -€4,144 | -67.8% |
| Cash at bank and in hand | 54/58 | €53,159 | €74,809 | +€21,649 | +40.7% |
| Deferred charges and accrued income | 490/1 | €5,032 | €6,859 | +€1,827 | +36.3% |
| Total equity and liabilities | 10/49 | €580,358 | €587,856 | +€7,498 | +1.3% |
| Equity | 10/15 | €416,877 | €408,465 | -€8,413 | -2.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €410,677 | €402,265 | -€8,413 | -2.0% |
| Distributable reserves | 133 | €410,677 | €402,265 | -€8,413 | -2.0% |
| Amounts payable | 17/49 | €163,481 | €179,391 | +€15,910 | +9.7% |
| Amounts payable after more than one year | 17 | €3,806 | - | -€3,806 | |
| Financial debts | 170/4 | €3,806 | - | -€3,806 | |
| Amounts payable within one year | 42/48 | €159,675 | €176,109 | +€16,434 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €15,845 | €3,806 | -€12,039 | -76.0% |
| Trade debts | 44 | €17,724 | €24,864 | +€7,139 | +40.3% |
| Suppliers | 440/4 | €17,724 | €24,864 | +€7,139 | +40.3% |
| Taxes, remuneration and social security | 45 | €45,569 | €53,273 | +€7,703 | +16.9% |
| Taxes | 450/3 | €31,568 | €36,987 | +€5,419 | +17.2% |
| Remuneration and social security | 454/9 | €14,001 | €16,285 | +€2,284 | +16.3% |
| Other amounts payable | 47/48 | €80,536 | €94,167 | +€13,631 | +16.9% |
| Accrued charges and deferred income | 492/3 | - | €3,282 | +€3,282 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,211 | €20,253 | +€42 | +0.2% |
| Other operating charges | 640/8 | €2,025 | €2,074 | +€49 | +2.4% |
| Gross operating margin | 9900 | €70,675 | €30,448 | -€40,227 | -56.9% |
| Operating profit (loss) | 9901 | €48,439 | €8,121 | -€40,317 | -83.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,331 | €1,015 | -€316 | -23.8% |
| Recurring financial charges | 65 | €1,331 | €1,015 | -€316 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €47,108 | €7,106 | -€40,001 | -84.9% |
| Income taxes | 67/77 | €22,010 | €15,519 | -€6,491 | -29.5% |
| Profit (loss) for the period | 9904 | €25,098 | -€8,413 | -€33,511 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,098 | -€8,413 | -€33,511 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 4 November 2026 via checked.be.