CHEZ 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.
CHEZ HERMAN
Largest movements
- Tangible fixed assets -€12,060
down €12,060 (-10.0%), from €120,983 to €108,924
of which Land and buildings: -€10,666
- Cash -€2,408
down €2,408 (-14.1%), from €17,138 to €14,729
mainly Other debts (-€25,000) and Investment in fixed assets (net) (-€6,515)
- Other debts -€25,000
down €25,000 (-24.6%), from €101,534 to €76,534
- Profit (loss) carried forward +€11,784
up €11,784 (+474%), from €2,484 to €14,268
- Gross operating margin +€4,333
up €4,333 (+15.3%), from €28,246 to €32,579
- Other operating charges -€2,962
no longer reported in 2024 (was €2,962)
- Provisions +€943
new in 2024: €943
- Financial charges -€882
down €882 (-40.8%), from €2,159 to €1,278
of which Non-recurring financial charges: -€717
- Depreciation +€611
up €611 (+3.4%), from €17,963 to €18,575
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.
Derived cash bridge
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 | €138,121 | €123,653 | -€14,468 | -10.5% |
| Fixed assets | 21/28 | €120,983 | €108,924 | -€12,060 | -10.0% |
| Tangible fixed assets | 22/27 | €120,983 | €108,924 | -€12,060 | -10.0% |
| Land and buildings | 22 | €116,896 | €106,230 | -€10,666 | -9.1% |
| Furniture and vehicles | 24 | €1,705 | €1,105 | -€600 | -35.2% |
| Other tangible fixed assets | 26 | €2,383 | €1,589 | -€794 | -33.3% |
| Current assets | 29/58 | €17,138 | €14,729 | -€2,408 | -14.1% |
| Cash at bank and in hand | 54/58 | €17,138 | €14,729 | -€2,408 | -14.1% |
| Total equity and liabilities | 10/49 | €138,121 | €123,653 | -€14,468 | -10.5% |
| Equity | 10/15 | €34,535 | €46,319 | +€11,784 | +34.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €13,459 | €13,459 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,600 | €11,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,484 | €14,268 | +€11,784 | +474% |
| Provisions and deferred taxes | 16 | €800 | €800 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €800 | €800 | = | 0.0% |
| Pensions and similar obligations | 160 | €800 | €800 | = | 0.0% |
| Amounts payable | 17/49 | €102,786 | €76,534 | -€26,252 | -25.5% |
| Amounts payable within one year | 42/48 | €102,786 | €76,534 | -€26,252 | -25.5% |
| Current portion of amounts payable after more than one year | 42 | €1,252 | - | -€1,252 | |
| Other amounts payable | 47/48 | €101,534 | €76,534 | -€25,000 | -24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,963 | €18,575 | +€611 | +3.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €943 | +€943 | |
| Other operating charges | 640/8 | €2,962 | - | -€2,962 | |
| Gross operating margin | 9900 | €28,246 | €32,579 | +€4,333 | +15.3% |
| Operating profit (loss) | 9901 | €7,320 | €13,062 | +€5,742 | +78.4% |
| Financial charges | 65/66B | €2,159 | €1,278 | -€882 | -40.8% |
| Recurring financial charges | 65 | €242 | €78 | -€165 | -68.0% |
| Non-recurring financial charges | 66B | €1,917 | €1,200 | -€717 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €5,161 | €11,784 | +€6,624 | +128% |
| Profit (loss) for the period | 9904 | €5,161 | €11,784 | +€6,624 | +128% |
| Profit (loss) for the period to be appropriated | 9905 | €5,161 | €11,784 | +€6,624 | +128% |
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 17 October 2026 via checked.be.