BURRINI-HERMAN: 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.
BURRINI-HERMAN
Largest movements
- Cash +€40,971
up €40,971 (+20.7%), from €197,752 to €238,724
mainly Net result for the year (+€64,766) and Depreciation (+€54,669)
- Tangible fixed assets -€34,686
down €34,686 (-6.1%), from €564,331 to €529,645
of which Land and buildings: -€25,622
- Reserves +€40,000
up €40,000 (+12.0%), from €334,000 to €374,000
of which Distributable reserves: +€40,000
- Current portion of long-term debt -€32,785
down €32,785 (-82.9%), from €39,544 to €6,758
- Gross operating margin +€10,097
up €10,097 (+7.0%), from €143,714 to €153,811
- Taxes +€4,153
up €4,153 (+16.5%), from €25,244 to €29,397
- Depreciation +€3,105
up €3,105 (+6.0%), from €51,563 to €54,669
- Financial charges -€2,293
down €2,293 (-48.9%), from €4,690 to €2,397
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 | €782,942 | €787,194 | +€4,253 | +0.5% |
| Fixed assets | 21/28 | €564,331 | €529,645 | -€34,686 | -6.1% |
| Tangible fixed assets | 22/27 | €564,331 | €529,645 | -€34,686 | -6.1% |
| Land and buildings | 22 | €459,495 | €433,873 | -€25,622 | -5.6% |
| Plant, machinery and equipment | 23 | €41,159 | €54,615 | +€13,456 | +32.7% |
| Furniture and vehicles | 24 | €63,677 | €41,158 | -€22,520 | -35.4% |
| Current assets | 29/58 | €218,611 | €257,549 | +€38,939 | +17.8% |
| Amounts receivable within one year | 40/41 | €17,922 | €15,387 | -€2,535 | -14.1% |
| Trade receivables | 40 | €5,550 | €0 | -€5,550 | -100% |
| Other amounts receivable | 41 | €12,372 | €15,387 | +€3,015 | +24.4% |
| Cash at bank and in hand | 54/58 | €197,752 | €238,724 | +€40,971 | +20.7% |
| Deferred charges and accrued income | 490/1 | €2,936 | €3,439 | +€503 | +17.1% |
| Total equity and liabilities | 10/49 | €782,942 | €787,194 | +€4,253 | +0.5% |
| Equity | 10/15 | €701,914 | €742,680 | +€40,766 | +5.8% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €334,000 | €374,000 | +€40,000 | +12.0% |
| Non-distributable reserves | 130/1 | €16,000 | €16,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €318,000 | €358,000 | +€40,000 | +12.6% |
| Profit (loss) carried forward | 14 | €207,914 | €208,680 | +€766 | +0.4% |
| Amounts payable | 17/49 | €81,027 | €44,514 | -€36,513 | -45.1% |
| Amounts payable after more than one year | 17 | €13,365 | €6,607 | -€6,758 | -50.6% |
| Financial debts | 170/4 | €13,365 | €6,607 | -€6,758 | -50.6% |
| Amounts payable within one year | 42/48 | €64,648 | €34,893 | -€29,754 | -46.0% |
| Current portion of amounts payable after more than one year | 42 | €39,544 | €6,758 | -€32,785 | -82.9% |
| Financial debts | 43 | €125 | €3,100 | +€2,975 | +2,380% |
| Credit institutions | 430/8 | €125 | €3,100 | +€2,975 | +2,380% |
| Trade debts | 44 | €1,549 | €1,035 | -€514 | -33.2% |
| Suppliers | 440/4 | €1,549 | €1,035 | -€514 | -33.2% |
| Taxes, remuneration and social security | 45 | €5,430 | €0 | -€5,430 | -100% |
| Taxes | 450/3 | €5,430 | €0 | -€5,430 | -100% |
| Other amounts payable | 47/48 | €18,000 | €24,000 | +€6,000 | +33.3% |
| Accrued charges and deferred income | 492/3 | €3,014 | €3,014 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,563 | €54,669 | +€3,105 | +6.0% |
| Other operating charges | 640/8 | €3,449 | €2,583 | -€866 | -25.1% |
| Non-recurring operating charges | 66A | €2,351 | €0 | -€2,351 | -100% |
| Gross operating margin | 9900 | €143,714 | €153,811 | +€10,097 | +7.0% |
| Operating profit (loss) | 9901 | €86,350 | €96,560 | +€10,209 | +11.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,690 | €2,397 | -€2,293 | -48.9% |
| Recurring financial charges | 65 | €4,690 | €2,397 | -€2,293 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | €81,660 | €94,163 | +€12,503 | +15.3% |
| Income taxes | 67/77 | €25,244 | €29,397 | +€4,153 | +16.5% |
| Profit (loss) for the period | 9904 | €56,416 | €64,766 | +€8,350 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,416 | €64,766 | +€8,350 | +14.8% |
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 25 October 2026 via checked.be.