De Bouwmeesters Heremans: what changed
De Bouwmeesters Heremans
Largest movements
- Receivables within one year -€68,961
down €68,961 (-21.8%), from €316,937 to €247,976
of which Trade receivables: -€91,606
- Cash -€19,857
down €19,857 (-96.1%), from €20,668 to €811
mainly Trade debts (-€97,545) and Investment in fixed assets (net) (-€40,898)
- Tangible fixed assets +€12,744
up €12,744 (+15.9%), from €80,162 to €92,906
of which Leasing and similar rights: +€34,503
- Stocks and contracts -€5,155
down €5,155 (-36.7%), from €14,040 to €8,886
- Trade debts -€97,545
down €97,545 (-70.8%), from €137,735 to €40,190
- Tax, wage and social debts +€17,904
up €17,904 (+75.5%), from €23,715 to €41,619
of which Taxes: +€11,633
- Debts after one year -€14,180
down €14,180 (-16.1%), from €88,269 to €74,089
- Profit (loss) carried forward +€7,424
up €7,424 (+40.0%), from -€18,582 to -€11,158
- Short-term financial debts +€7,055
new in 2025: €7,055
- Gross operating margin -€52,419
down €52,419 (-18.8%), from €279,125 to €226,707
- Other operating charges -€32,556
down €32,556 (-75.7%), from €42,994 to €10,439
- Staff costs -€15,089
down €15,089 (-8.3%), from €180,955 to €165,866
- Financial charges +€6,337
up €6,337 (+47.2%), from €13,422 to €19,759
- Depreciation +€4,999
up €4,999 (+21.6%), from €23,155 to €28,154
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €437,513 | €356,453 | -€81,060 | -18.5% |
| Fixed assets | 21/28 | €80,212 | €92,956 | +€12,744 | +15.9% |
| Tangible fixed assets | 22/27 | €80,162 | €92,906 | +€12,744 | +15.9% |
| Plant, machinery and equipment | 23 | €65,529 | €52,710 | -€12,819 | -19.6% |
| Furniture and vehicles | 24 | €14,633 | €5,693 | -€8,940 | -61.1% |
| Leasing and similar rights | 25 | - | €34,503 | +€34,503 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €357,302 | €263,497 | -€93,804 | -26.3% |
| Stocks and contracts in progress | 3 | €14,040 | €8,886 | -€5,155 | -36.7% |
| Stocks | 30/36 | €14,040 | €8,886 | -€5,155 | -36.7% |
| Amounts receivable within one year | 40/41 | €316,937 | €247,976 | -€68,961 | -21.8% |
| Trade receivables | 40 | €148,475 | €56,869 | -€91,606 | -61.7% |
| Other amounts receivable | 41 | €168,462 | €191,107 | +€22,645 | +13.4% |
| Cash at bank and in hand | 54/58 | €20,668 | €811 | -€19,857 | -96.1% |
| Deferred charges and accrued income | 490/1 | €5,656 | €5,825 | +€169 | +3.0% |
| Total equity and liabilities | 10/49 | €437,513 | €356,453 | -€81,060 | -18.5% |
| Equity | 10/15 | €137,527 | €144,951 | +€7,424 | +5.4% |
| Contributions | 10/11 | €135,000 | €135,000 | = | 0.0% |
| Reserves | 13 | €21,109 | €21,109 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,125 | €5,125 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,125 | €5,125 | = | 0.0% |
| Distributable reserves | 133 | €15,984 | €15,984 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,582 | -€11,158 | +€7,424 | +40.0% |
| Amounts payable | 17/49 | €299,987 | €211,503 | -€88,484 | -29.5% |
| Amounts payable after more than one year | 17 | €88,269 | €74,089 | -€14,180 | -16.1% |
| Financial debts | 170/4 | €88,269 | €74,089 | -€14,180 | -16.1% |
| Amounts payable within one year | 42/48 | €211,718 | €137,413 | -€74,304 | -35.1% |
| Current portion of amounts payable after more than one year | 42 | €50,268 | €48,548 | -€1,719 | -3.4% |
| Financial debts | 43 | - | €7,055 | +€7,055 | |
| Credit institutions | 430/8 | - | €7,055 | +€7,055 | |
| Trade debts | 44 | €137,735 | €40,190 | -€97,545 | -70.8% |
| Suppliers | 440/4 | €137,735 | €40,190 | -€97,545 | -70.8% |
| Taxes, remuneration and social security | 45 | €23,715 | €41,619 | +€17,904 | +75.5% |
| Taxes | 450/3 | €9,573 | €21,205 | +€11,633 | +122% |
| Remuneration and social security | 454/9 | €14,142 | €20,414 | +€6,272 | +44.3% |
| Remuneration, social security and pensions | 62 | €180,955 | €165,866 | -€15,089 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,155 | €28,154 | +€4,999 | +21.6% |
| Other operating charges | 640/8 | €42,994 | €10,439 | -€32,556 | -75.7% |
| Gross operating margin | 9900 | €279,125 | €226,707 | -€52,419 | -18.8% |
| Operating profit (loss) | 9901 | €32,021 | €22,248 | -€9,772 | -30.5% |
| Financial income | 75/76B | €8,978 | €9,629 | +€651 | +7.2% |
| Recurring financial income | 75 | €8,978 | €9,629 | +€651 | +7.2% |
| Financial charges | 65/66B | €13,422 | €19,759 | +€6,337 | +47.2% |
| Recurring financial charges | 65 | €13,422 | €19,759 | +€6,337 | +47.2% |
| Profit (loss) for the period before taxes | 9903 | €27,577 | €12,118 | -€15,458 | -56.1% |
| Income taxes | 67/77 | €7,267 | €4,694 | -€2,573 | -35.4% |
| Profit (loss) for the period | 9904 | €20,309 | €7,424 | -€12,885 | -63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,309 | €7,424 | -€12,885 | -63.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.