Dap Hermine: 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.
Dap Hermine
Largest movements
- Tangible fixed assets -€11,613
down €11,613 (-4.7%), from €249,201 to €237,588
of which Land and buildings: -€9,711
- Stocks and contracts +€7,227
up €7,227 (+153%), from €4,730 to €11,957
- Cash +€3,661
up €3,661 (+117%), from €3,116 to €6,777
mainly Net result for the year (+€23,811) and Depreciation (+€11,613)
- Profit (loss) carried forward +€23,811
up €23,811 (+40.5%), from -€58,722 to -€34,912
- Debts after one year -€17,006
down €17,006 (-18.5%), from €91,696 to €74,690
- Short-term financial debts -€15,000
down €15,000 (-27.3%), from €55,000 to €40,000
- Tax, wage and social debts +€6,783
up €6,783 (+251%), from €2,699 to €9,483
- Other debts +€3,405
up €3,405 (+3.1%), from €109,745 to €113,150
- Gross operating margin +€13,195
up €13,195 (+31.3%), from €42,142 to €55,337
- Taxes +€5,962
up €5,962 (+168%), from €3,548 to €9,509
- Financial charges -€5,353
down €5,353 (-37.1%), from €14,439 to €9,085
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 | €258,561 | €259,255 | +€694 | +0.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €249,201 | €237,588 | -€11,613 | -4.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €249,201 | €237,588 | -€11,613 | -4.7% |
| Land and buildings | 22 | €245,890 | €236,180 | -€9,711 | -3.9% |
| Plant, machinery and equipment | 23 | €3,311 | €1,409 | -€1,902 | -57.5% |
| Current assets | 29/58 | €9,360 | €21,667 | +€12,307 | +131% |
| Stocks and contracts in progress | 3 | €4,730 | €11,957 | +€7,227 | +153% |
| Stocks | 30/36 | €4,730 | €11,957 | +€7,227 | +153% |
| Amounts receivable within one year | 40/41 | €1,344 | €2,696 | +€1,352 | +101% |
| Trade receivables | 40 | €1,009 | €2,696 | +€1,687 | +167% |
| Other amounts receivable | 41 | €335 | - | -€335 | |
| Cash at bank and in hand | 54/58 | €3,116 | €6,777 | +€3,661 | +117% |
| Deferred charges and accrued income | 490/1 | €170 | €237 | +€67 | +39.3% |
| Total equity and liabilities | 10/49 | €258,561 | €259,255 | +€694 | +0.3% |
| Equity | 10/15 | -€24,722 | -€912 | +€23,811 | +96.3% |
| Contributions | 10/11 | €34,000 | €34,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,722 | -€34,912 | +€23,811 | +40.5% |
| Amounts payable | 17/49 | €283,283 | €260,166 | -€23,117 | -8.2% |
| Amounts payable after more than one year | 17 | €91,696 | €74,690 | -€17,006 | -18.5% |
| Financial debts | 170/4 | €91,696 | €74,690 | -€17,006 | -18.5% |
| Amounts payable within one year | 42/48 | €191,587 | €185,476 | -€6,111 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €16,125 | €17,006 | +€881 | +5.5% |
| Financial debts | 43 | €55,000 | €40,000 | -€15,000 | -27.3% |
| Credit institutions | 430/8 | €55,000 | €40,000 | -€15,000 | -27.3% |
| Trade debts | 44 | €8,018 | €5,838 | -€2,180 | -27.2% |
| Suppliers | 440/4 | €8,018 | €5,838 | -€2,180 | -27.2% |
| Taxes, remuneration and social security | 45 | €2,699 | €9,483 | +€6,783 | +251% |
| Taxes | 450/3 | €2,699 | €9,483 | +€6,783 | +251% |
| Other amounts payable | 47/48 | €109,745 | €113,150 | +€3,405 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,697 | €11,613 | -€84 | -0.7% |
| Other operating charges | 640/8 | €1,861 | €1,319 | -€542 | -29.1% |
| Gross operating margin | 9900 | €42,142 | €55,337 | +€13,195 | +31.3% |
| Operating profit (loss) | 9901 | €28,584 | €42,405 | +€13,821 | +48.4% |
| Financial income | 75/76B | €178 | €1 | -€177 | -99.6% |
| Recurring financial income | 75 | €178 | €1 | -€177 | -99.6% |
| Financial charges | 65/66B | €14,439 | €9,085 | -€5,353 | -37.1% |
| Recurring financial charges | 65 | €14,439 | €9,085 | -€5,353 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | €14,323 | €33,320 | +€18,997 | +133% |
| Income taxes | 67/77 | €3,548 | €9,509 | +€5,962 | +168% |
| Profit (loss) for the period | 9904 | €10,775 | €23,811 | +€13,035 | +121% |
| Profit (loss) for the period to be appropriated | 9905 | €10,775 | €23,811 | +€13,035 | +121% |
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 16 October 2026 via checked.be.