VAN HERCK MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year -€7,216
down €7,216 (-23.6%), from €30,606 to €23,389
of which Trade receivables: -€6,611
- Cash +€1,684
up €1,684 (+108.7%), from €1,549 to €3,233
mainly Receivables within one year (+€7,216) and Trade debts (+€1,933)
- Financial fixed assets +€906
up €906 (+969.4%), from €94 to €1,000
- Tax, wage and social debts -€5,058
down €5,058 (-81.1%), from €6,240 to €1,182
- Other debts -€3,273
down €3,273 (-10.0%), from €32,598 to €29,325
- Trade debts +€1,933
up €1,933 (+652.6%), from €296 to €2,229
- Profit (loss) carried forward +€1,770
up €1,770 (+14.8%), from -€11,973 to -€10,203
- Gross operating margin +€17,697
up €17,697, from -€11,565 to €6,133
- Other operating charges +€3,711
up €3,711 (+1024.0%), from €362 to €4,073
- Financial charges +€244
up €244 (+534.1%), from €46 to €290
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.
Cash bridge derived
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 | €32,249 | €27,623 | -€4,626 | -14.3% |
| Fixed assets | 21/28 | €94 | €1,000 | +€906 | +969.4% |
| Financial fixed assets | 28 | €94 | €1,000 | +€906 | +969.4% |
| Current assets | 29/58 | €32,155 | €26,623 | -€5,533 | -17.2% |
| Amounts receivable within one year | 40/41 | €30,606 | €23,389 | -€7,216 | -23.6% |
| Trade receivables | 40 | €30,000 | €23,389 | -€6,611 | -22.0% |
| Other amounts receivable | 41 | €606 | €0 | -€606 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,549 | €3,233 | +€1,684 | +108.7% |
| Total equity and liabilities | 10/49 | €32,249 | €27,623 | -€4,626 | -14.3% |
| Equity | 10/15 | -€6,973 | -€5,203 | +€1,770 | +25.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,973 | -€10,203 | +€1,770 | +14.8% |
| Amounts payable | 17/49 | €39,222 | €32,825 | -€6,396 | -16.3% |
| Amounts payable within one year | 42/48 | €39,134 | €32,736 | -€6,398 | -16.3% |
| Trade debts | 44 | €296 | €2,229 | +€1,933 | +652.6% |
| Suppliers | 440/4 | €296 | €2,229 | +€1,933 | +652.6% |
| Taxes, remuneration and social security | 45 | €6,240 | €1,182 | -€5,058 | -81.1% |
| Taxes | 450/3 | €6,240 | €1,182 | -€5,058 | -81.1% |
| Other amounts payable | 47/48 | €32,598 | €29,325 | -€3,273 | -10.0% |
| Accrued charges and deferred income | 492/3 | €88 | €89 | +€2 | +1.9% |
| Other operating charges | 640/8 | €362 | €4,073 | +€3,711 | +1024.0% |
| Gross operating margin | 9900 | -€11,565 | €6,133 | +€17,697 | |
| Operating profit (loss) | 9901 | -€11,927 | €2,059 | +€13,986 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €46 | €290 | +€244 | +534.1% |
| Recurring financial charges | 65 | €46 | €290 | +€244 | +534.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,973 | €1,770 | +€13,743 | |
| Profit (loss) for the period | 9904 | -€11,973 | €1,770 | +€13,743 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,973 | €1,770 | +€13,743 |
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 12 October 2026 via checked.be.