VAN HERCK IJZERWAREN: 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.
VAN HERCK IJZERWAREN
Largest movements
- Receivables within one year +€808,375
up €808,375 (+507.1%), from €159,415 to €967,790
of which Other amounts receivable: +€741,598
- Cash -€411,237
down €411,237 (-84.5%), from €486,421 to €75,184
mainly Contributions, distributions and other (-€999,738) and Receivables within one year (-€808,375)
- Tangible fixed assets +€259,283
up €259,283 (+23.2%), from €1.1m to €1.4m
of which Plant, machinery and equipment: +€340,196
- Debts after one year +€1.3m
up €1.3m (+317.8%), from €400,000 to €1.7m
of which Financial debts: +€872,155
- Reserves -€574,211
down €574,211 (-55.7%), from €1.0m to €456,418
of which Distributable reserves: -€641,822
- Profit (loss) carried forward -€326,791
down €326,791 (-100.0%), from €326,791 to €0
- Tax, wage and social debts +€228,108
up €228,108 (+640.6%), from €35,609 to €263,717
of which Taxes: +€225,612
- Current portion of long-term debt +€50,000
up €50,000 (+50.0%), from €100,000 to €150,000
- Gross operating margin -€385,793
down €385,793 (-55.8%), from €691,341 to €305,548
- Taxes -€152,799
down €152,799 (-85.6%), from €178,521 to €25,722
- Provisions -€30,233
down €30,233, from €4,095 to -€26,138
- Staff costs +€26,939
up €26,939 (+33.5%), from €80,445 to €107,384
- Financial income +€14,782
up €14,782 (+65.1%), from €22,706 to €37,488
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,168,497 | €2,801,358 | +€632,862 | +29.2% |
| Fixed assets | 21/28 | €1,127,856 | €1,386,272 | +€258,415 | +22.9% |
| Tangible fixed assets | 22/27 | €1,117,934 | €1,377,217 | +€259,283 | +23.2% |
| Land and buildings | 22 | €1,031,728 | €962,640 | -€69,088 | -6.7% |
| Plant, machinery and equipment | 23 | €19,644 | €359,840 | +€340,196 | +1731.8% |
| Furniture and vehicles | 24 | €66,562 | €45,237 | -€21,324 | -32.0% |
| Other tangible fixed assets | 26 | - | €9,500 | +€9,500 | |
| Financial fixed assets | 28 | €9,922 | €9,054 | -€868 | -8.7% |
| Current assets | 29/58 | €1,040,641 | €1,415,087 | +€374,446 | +36.0% |
| Stocks and contracts in progress | 3 | €368,667 | €368,881 | +€213 | +0.1% |
| Stocks | 30/36 | €368,667 | €368,881 | +€213 | +0.1% |
| Amounts receivable within one year | 40/41 | €159,415 | €967,790 | +€808,375 | +507.1% |
| Trade receivables | 40 | €159,415 | €226,192 | +€66,777 | +41.9% |
| Other amounts receivable | 41 | - | €741,598 | +€741,598 | |
| Current investments | 50/53 | €26,138 | - | -€26,138 | |
| Cash at bank and in hand | 54/58 | €486,421 | €75,184 | -€411,237 | -84.5% |
| Deferred charges and accrued income | 490/1 | - | €3,232 | +€3,232 | |
| Total equity and liabilities | 10/49 | €2,168,497 | €2,801,358 | +€632,862 | +29.2% |
| Equity | 10/15 | €1,563,321 | €662,318 | -€901,002 | -57.6% |
| Contributions | 10/11 | €205,900 | €205,900 | = | 0.0% |
| Reserves | 13 | €1,030,630 | €456,418 | -€574,211 | -55.7% |
| Tax-exempt reserves | 132 | - | €67,611 | +€67,611 | |
| Distributable reserves | 133 | €1,030,630 | €388,808 | -€641,822 | -62.3% |
| Profit (loss) carried forward | 14 | €326,791 | €0 | -€326,791 | -100.0% |
| Provisions and deferred taxes | 16 | €26,138 | - | -€26,138 | |
| Provisions for liabilities and charges | 160/5 | €26,138 | - | -€26,138 | |
| Environmental obligations | 163 | €26,138 | - | -€26,138 | |
| Amounts payable | 17/49 | €579,038 | €2,139,040 | +€1.6m | +269.4% |
| Amounts payable after more than one year | 17 | €400,000 | €1,671,351 | +€1.3m | +317.8% |
| Financial debts | 170/4 | €400,000 | €1,272,155 | +€872,155 | +218.0% |
| Trade debts | 175 | - | €399,196 | +€399,196 | |
| Amounts payable within one year | 42/48 | €179,038 | €465,806 | +€286,768 | +160.2% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Financial debts | 43 | €30,426 | - | -€30,426 | |
| Credit institutions | 430/8 | €30,426 | - | -€30,426 | |
| Trade debts | 44 | €13,003 | €22,039 | +€9,036 | +69.5% |
| Suppliers | 440/4 | €13,003 | €22,039 | +€9,036 | +69.5% |
| Advances received on contracts in progress | 46 | - | €30,000 | +€30,000 | |
| Taxes, remuneration and social security | 45 | €35,609 | €263,717 | +€228,108 | +640.6% |
| Taxes | 450/3 | €18,788 | €244,400 | +€225,612 | +1200.8% |
| Remuneration and social security | 454/9 | €16,821 | €19,317 | +€2,496 | +14.8% |
| Other amounts payable | 47/48 | - | €50 | +€50 | |
| Accrued charges and deferred income | 492/3 | - | €1,883 | +€1,883 | |
| Non-recurring operating income | 76A | €24,748 | - | -€24,748 | |
| Remuneration, social security and pensions | 62 | €80,445 | €107,384 | +€26,939 | +33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,735 | €101,924 | +€4,189 | +4.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €4,095 | -€26,138 | -€30,233 | |
| Other operating charges | 640/8 | €9,538 | €15,639 | +€6,101 | +64.0% |
| Non-recurring operating charges | 66A | €115 | €948 | +€833 | +727.6% |
| Gross operating margin | 9900 | €691,341 | €305,548 | -€385,793 | -55.8% |
| Operating profit (loss) | 9901 | €499,413 | €105,790 | -€393,623 | -78.8% |
| Financial income | 75/76B | €22,706 | €37,488 | +€14,782 | +65.1% |
| Recurring financial income | 75 | €22,706 | €37,488 | +€14,782 | +65.1% |
| Financial charges | 65/66B | €16,807 | €18,822 | +€2,014 | +12.0% |
| Recurring financial charges | 65 | €16,807 | €18,822 | +€2,014 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €505,312 | €124,457 | -€380,855 | -75.4% |
| Income taxes | 67/77 | €178,521 | €25,722 | -€152,799 | -85.6% |
| Profit (loss) for the period | 9904 | €326,791 | €98,735 | -€228,056 | -69.8% |
| Profit (loss) for the period to be appropriated | 9905 | €326,791 | €98,735 | -€228,056 | -69.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.