's Hertogenmolens: 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.
's Hertogenmolens
Largest movements
- Receivables within one year +€394,860
up €394,860 (+60.8%), from €649,242 to €1.0m
of which Trade receivables: +€240,385
- Tangible fixed assets -€252,222
down €252,222 (-4.1%), from €6.1m to €5.8m
of which Land and buildings: -€244,360
- Other debts +€622,240
up €622,240 (+35.4%), from €1.8m to €2.4m
- Debts after one year -€410,533
down €410,533 (-14.1%), from €2.9m to €2.5m
- Profit (loss) carried forward -€105,170
down €105,170 (-14.0%), from -€753,857 to -€859,027
- Tax, wage and social debts +€99,061
up €99,061 (+19.4%), from €511,442 to €610,503
- Current portion of long-term debt -€79,717
down €79,717 (-14.8%), from €539,324 to €459,608
- Gross operating margin -€386,411
down €386,411 (-42.6%), from €906,013 to €519,603
- Other operating charges +€84,915
up €84,915 (+198%), from €42,950 to €127,865
- Financial charges +€20,005
up €20,005 (+9.0%), from €221,983 to €241,988
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 | €6,955,698 | €7,033,098 | +€77,400 | +1.1% |
| Fixed assets | 21/28 | €6,306,154 | €5,988,932 | -€317,222 | -5.0% |
| Intangible fixed assets | 21 | €206,390 | €141,390 | -€65,000 | -31.5% |
| Tangible fixed assets | 22/27 | €6,099,764 | €5,847,541 | -€252,222 | -4.1% |
| Land and buildings | 22 | €6,073,655 | €5,829,296 | -€244,360 | -4.0% |
| Plant, machinery and equipment | 23 | €24,269 | €17,251 | -€7,018 | -28.9% |
| Furniture and vehicles | 24 | €1,840 | €995 | -€845 | -45.9% |
| Current assets | 29/58 | €649,544 | €1,044,166 | +€394,623 | +60.8% |
| Amounts receivable within one year | 40/41 | €649,242 | €1,044,102 | +€394,860 | +60.8% |
| Trade receivables | 40 | €578,756 | €819,141 | +€240,385 | +41.5% |
| Other amounts receivable | 41 | €70,486 | €224,961 | +€154,475 | +219% |
| Cash at bank and in hand | 54/58 | €302 | €65 | -€237 | -78.5% |
| Total equity and liabilities | 10/49 | €6,955,698 | €7,033,098 | +€77,400 | +1.1% |
| Equity | 10/15 | €523,408 | €379,891 | -€143,516 | -27.4% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€753,857 | -€859,027 | -€105,170 | -14.0% |
| Investment grants | 15 | €777,265 | €738,919 | -€38,347 | -4.9% |
| Provisions and deferred taxes | 16 | €400,231 | €380,485 | -€19,745 | -4.9% |
| Deferred taxes | 168 | €400,231 | €380,485 | -€19,745 | -4.9% |
| Amounts payable | 17/49 | €6,032,059 | €6,272,721 | +€240,662 | +4.0% |
| Amounts payable after more than one year | 17 | €2,918,748 | €2,508,215 | -€410,533 | -14.1% |
| Financial debts | 170/4 | €2,918,748 | €2,508,215 | -€410,533 | -14.1% |
| Amounts payable within one year | 42/48 | €3,109,311 | €3,764,506 | +€655,195 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €539,324 | €459,608 | -€79,717 | -14.8% |
| Trade debts | 44 | €298,749 | €312,360 | +€13,611 | +4.6% |
| Suppliers | 440/4 | €298,749 | €312,360 | +€13,611 | +4.6% |
| Taxes, remuneration and social security | 45 | €511,442 | €610,503 | +€99,061 | +19.4% |
| Taxes | 450/3 | €511,442 | €610,503 | +€99,061 | +19.4% |
| Other amounts payable | 47/48 | €1,759,795 | €2,382,035 | +€622,240 | +35.4% |
| Accrued charges and deferred income | 492/3 | €4,000 | - | -€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €324,901 | €317,222 | -€7,678 | -2.4% |
| Other operating charges | 640/8 | €42,950 | €127,865 | +€84,915 | +198% |
| Gross operating margin | 9900 | €906,013 | €519,603 | -€386,411 | -42.6% |
| Operating profit (loss) | 9901 | €538,162 | €74,515 | -€463,647 | -86.2% |
| Financial income | 75/76B | €40,869 | €42,557 | +€1,689 | +4.1% |
| Recurring financial income | 75 | €40,869 | €42,557 | +€1,689 | +4.1% |
| Financial charges | 65/66B | €221,983 | €241,988 | +€20,005 | +9.0% |
| Recurring financial charges | 65 | €221,983 | €241,988 | +€20,005 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €357,048 | -€124,915 | -€481,963 | |
| Transfer from deferred taxes | 780 | €19,745 | €19,745 | = | 0.0% |
| Profit (loss) for the period | 9904 | €376,793 | -€105,170 | -€481,963 | |
| Profit (loss) for the period to be appropriated | 9905 | €376,793 | -€105,170 | -€481,963 |
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 30 October 2026 via checked.be.