DDD - Hermes 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.
DDD - Hermes Management
Largest movements
- Current investments +€63,531
new in 2025: €63,531
- Cash -€31,141
down €31,141 (-36.5%), from €85,375 to €54,234
mainly Current investments (-€63,531) and Tax, wage and social debts (-€8,755)
- Receivables within one year -€11,625
down €11,625 (-67.3%), from €17,262 to €5,636
of which Trade receivables: -€12,107
- Reserves +€29,274
up €29,274 (+28.4%), from €103,204 to €132,478
- Tax, wage and social debts -€8,755
down €8,755 (-100%), from €8,755 to €0
- Gross operating margin -€1,608
down €1,608 (-4.0%), from €40,064 to €38,456
- Taxes -€520
down €520 (-5.9%), from €8,755 to €8,235
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 | €116,219 | €137,005 | +€20,786 | +17.9% |
| Fixed assets | 21/28 | €12,505 | €12,505 | = | 0.0% |
| Tangible fixed assets | 22/27 | €10,000 | €10,000 | = | 0.0% |
| Other tangible fixed assets | 26 | €10,000 | €10,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,505 | €2,505 | = | 0.0% |
| Current assets | 29/58 | €103,714 | €124,500 | +€20,786 | +20.0% |
| Amounts receivable within one year | 40/41 | €17,262 | €5,636 | -€11,625 | -67.3% |
| Trade receivables | 40 | €15,978 | €3,871 | -€12,107 | -75.8% |
| Other amounts receivable | 41 | €1,284 | €1,765 | +€482 | +37.5% |
| Current investments | 50/53 | - | €63,531 | +€63,531 | |
| Cash at bank and in hand | 54/58 | €85,375 | €54,234 | -€31,141 | -36.5% |
| Deferred charges and accrued income | 490/1 | €1,077 | €1,098 | +€22 | +2.0% |
| Total equity and liabilities | 10/49 | €116,219 | €137,005 | +€20,786 | +17.9% |
| Equity | 10/15 | €105,704 | €134,978 | +€29,274 | +27.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €103,204 | €132,478 | +€29,274 | +28.4% |
| Distributable reserves | 133 | €103,204 | €132,478 | +€29,274 | +28.4% |
| Amounts payable | 17/49 | €10,514 | €2,027 | -€8,488 | -80.7% |
| Amounts payable within one year | 42/48 | €10,514 | €2,027 | -€8,488 | -80.7% |
| Trade debts | 44 | €1,631 | €1,602 | -€30 | -1.8% |
| Suppliers | 440/4 | €1,631 | €1,602 | -€30 | -1.8% |
| Taxes, remuneration and social security | 45 | €8,755 | €0 | -€8,755 | -100% |
| Taxes | 450/3 | €8,755 | €0 | -€8,755 | -100% |
| Other amounts payable | 47/48 | €129 | €425 | +€296 | +230% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €40,064 | €38,456 | -€1,608 | -4.0% |
| Operating profit (loss) | 9901 | €39,494 | €37,871 | -€1,624 | -4.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €59 | €363 | +€304 | +520% |
| Recurring financial charges | 65 | €59 | €363 | +€304 | +520% |
| Profit (loss) for the period before taxes | 9903 | €39,436 | €37,508 | -€1,928 | -4.9% |
| Income taxes | 67/77 | €8,755 | €8,235 | -€520 | -5.9% |
| Profit (loss) for the period | 9904 | €30,681 | €29,274 | -€1,408 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,681 | €29,274 | -€1,408 | -4.6% |
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 19 October 2026 via checked.be.