HERNOU: 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.
HERNOU
Largest movements
- Stocks and contracts +€5,000
new in 2025: €5,000
- Tangible fixed assets -€1,815
down €1,815 (-39.6%), from €4,587 to €2,773
of which Furniture and vehicles: -€1,640
- Deferred charges and accrued income +€1,025
new in 2025: €1,025
- Receivables within one year +€783
up €783 (+2.2%), from €35,251 to €36,034
of which Other amounts receivable: +€5,994
- Contributions +€18,187
up €18,187 (+142%), from €12,800 to €30,987
- Trade debts -€17,216
down €17,216 (-93.8%), from €18,363 to €1,147
- Debts after one year +€15,975
up €15,975 (+133%), from €11,969 to €27,943
- Profit (loss) carried forward -€14,846
down €14,846 (-139%), from -€10,681 to -€25,527
- Current portion of long-term debt +€1,872
up €1,872 (+19.6%), from €9,536 to €11,408
- Gross operating margin -€27,319
down €27,319, from €21,763 to -€5,557
- Write-downs -€12,750
no longer reported in 2025 (was €12,750)
- Financial income -€3,361
down €3,361 (-91.4%), from €3,678 to €317
- Financial charges +€2,814
up €2,814 (+105%), from €2,689 to €5,503
- Other operating charges -€1,611
down €1,611 (-40.9%), from €3,939 to €2,328
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 | €45,117 | €50,230 | +€5,114 | +11.3% |
| Fixed assets | 21/28 | €4,587 | €2,773 | -€1,815 | -39.6% |
| Tangible fixed assets | 22/27 | €4,587 | €2,773 | -€1,815 | -39.6% |
| Land and buildings | 22 | €1,050 | €875 | -€175 | -16.7% |
| Furniture and vehicles | 24 | €3,538 | €1,898 | -€1,640 | -46.3% |
| Current assets | 29/58 | €40,529 | €47,458 | +€6,928 | +17.1% |
| Stocks and contracts in progress | 3 | - | €5,000 | +€5,000 | |
| Contracts in progress | 37 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €35,251 | €36,034 | +€783 | +2.2% |
| Trade receivables | 40 | €15,272 | €10,061 | -€5,211 | -34.1% |
| Other amounts receivable | 41 | €19,979 | €25,973 | +€5,994 | +30.0% |
| Cash at bank and in hand | 54/58 | €5,279 | €5,399 | +€120 | +2.3% |
| Deferred charges and accrued income | 490/1 | - | €1,025 | +€1,025 | |
| Total equity and liabilities | 10/49 | €45,117 | €50,230 | +€5,114 | +11.3% |
| Equity | 10/15 | €5,217 | €8,558 | +€3,341 | +64.0% |
| Contributions | 10/11 | €12,800 | €30,987 | +€18,187 | +142% |
| Capital | 10 | €12,800 | €30,987 | +€18,187 | +142% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Uncalled capital | 101 | €18,187 | - | -€18,187 | |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,681 | -€25,527 | -€14,846 | -139% |
| Amounts payable | 17/49 | €39,899 | €41,672 | +€1,773 | +4.4% |
| Amounts payable after more than one year | 17 | €11,969 | €27,943 | +€15,975 | +133% |
| Financial debts | 170/4 | €11,969 | €27,943 | +€15,975 | +133% |
| Amounts payable within one year | 42/48 | €27,902 | €13,354 | -€14,549 | -52.1% |
| Current portion of amounts payable after more than one year | 42 | €9,536 | €11,408 | +€1,872 | +19.6% |
| Trade debts | 44 | €18,363 | €1,147 | -€17,216 | -93.8% |
| Suppliers | 440/4 | €18,363 | €1,147 | -€17,216 | -93.8% |
| Taxes, remuneration and social security | 45 | - | €798 | +€798 | |
| Taxes | 450/3 | - | €798 | +€798 | |
| Other amounts payable | 47/48 | €3 | - | -€3 | |
| Accrued charges and deferred income | 492/3 | €28 | €375 | +€347 | +1,226% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,395 | €1,775 | -€620 | -25.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,750 | - | -€12,750 | |
| Other operating charges | 640/8 | €3,939 | €2,328 | -€1,611 | -40.9% |
| Non-recurring operating charges | 66A | €7,986 | - | -€7,986 | |
| Gross operating margin | 9900 | €21,763 | -€5,557 | -€27,319 | |
| Operating profit (loss) | 9901 | -€5,307 | -€9,659 | -€4,352 | -82.0% |
| Financial income | 75/76B | €3,678 | €317 | -€3,361 | -91.4% |
| Recurring financial income | 75 | €3,678 | €317 | -€3,361 | -91.4% |
| Financial charges | 65/66B | €2,689 | €5,503 | +€2,814 | +105% |
| Recurring financial charges | 65 | €2,689 | €5,503 | +€2,814 | +105% |
| Profit (loss) for the period before taxes | 9903 | -€4,318 | -€14,845 | -€10,527 | -244% |
| Profit (loss) for the period | 9904 | -€4,318 | -€14,845 | -€10,527 | -244% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,318 | -€14,845 | -€10,527 | -244% |
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 29 October 2026 via checked.be.