DE HERMANNEN: what changed
Two fiscal 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.
DE HERMANNEN
Largest movements
- Cash -€14,315
down €14,315 (-77.2%), from €18,551 to €4,236
mainly Net result for the year (-€11,196) and Trade debts (-€10,996)
- Tangible fixed assets -€5,333
down €5,333 (-23.3%), from €22,900 to €17,568
- Receivables within one year +€1,920
up €1,920 (+491.4%), from €391 to €2,310
of which Trade receivables: +€1,902
- Stocks and contracts -€1,042
down €1,042 (-45.5%), from €2,291 to €1,249
- Profit (loss) carried forward -€11,196
down €11,196 (-63.6%), from -€17,592 to -€28,787
- Trade debts -€10,996
down €10,996 (-71.4%), from €15,409 to €4,412
- Tax, wage and social debts +€4,076
up €4,076 (+12.0%), from €33,891 to €37,967
of which Taxes: +€9,767
- Current portion of long-term debt -€1,989
down €1,989 (-85.7%), from €2,321 to €332
- Other debts +€1,336
up €1,336 (+13.4%), from €10,000 to €11,336
- Staff costs -€24,749
down €24,749 (-63.7%), from €38,824 to €14,075
- Gross operating margin -€13,233
down €13,233 (-45.2%), from €29,258 to €16,025
- Financial charges +€3,180
up €3,180 (+245.4%), from €1,296 to €4,476
- Taxes +€2,002
new in 2024: €2,002
- Other operating charges -€1,152
down €1,152 (-46.3%), from €2,488 to €1,336
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.
Cash bridge derived
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 | €47,533 | €28,763 | -€18,770 | -39.5% |
| Fixed assets | 21/28 | €26,300 | €20,968 | -€5,333 | -20.3% |
| Tangible fixed assets | 22/27 | €22,900 | €17,568 | -€5,333 | -23.3% |
| Plant, machinery and equipment | 23 | €22,900 | €17,568 | -€5,333 | -23.3% |
| Financial fixed assets | 28 | €3,400 | €3,400 | = | 0.0% |
| Current assets | 29/58 | €21,232 | €7,795 | -€13,437 | -63.3% |
| Stocks and contracts in progress | 3 | €2,291 | €1,249 | -€1,042 | -45.5% |
| Stocks | 30/36 | €2,291 | €1,249 | -€1,042 | -45.5% |
| Amounts receivable within one year | 40/41 | €391 | €2,310 | +€1,920 | +491.4% |
| Trade receivables | 40 | €391 | €2,292 | +€1,902 | +486.8% |
| Other amounts receivable | 41 | - | €18 | +€18 | |
| Cash at bank and in hand | 54/58 | €18,551 | €4,236 | -€14,315 | -77.2% |
| Total equity and liabilities | 10/49 | €47,533 | €28,763 | -€18,770 | -39.5% |
| Equity | 10/15 | -€14,088 | -€25,284 | -€11,196 | -79.5% |
| Contributions | 10/11 | €105 | €105 | = | 0.0% |
| Reserves | 13 | €3,399 | €3,399 | = | 0.0% |
| Distributable reserves | 133 | €3,399 | €3,399 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,592 | -€28,787 | -€11,196 | -63.6% |
| Amounts payable | 17/49 | €61,621 | €54,046 | -€7,574 | -12.3% |
| Amounts payable within one year | 42/48 | €61,621 | €54,046 | -€7,574 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €2,321 | €332 | -€1,989 | -85.7% |
| Trade debts | 44 | €15,409 | €4,412 | -€10,996 | -71.4% |
| Suppliers | 440/4 | €15,409 | €4,412 | -€10,996 | -71.4% |
| Taxes, remuneration and social security | 45 | €33,891 | €37,967 | +€4,076 | +12.0% |
| Taxes | 450/3 | €25,865 | €35,633 | +€9,767 | +37.8% |
| Remuneration and social security | 454/9 | €8,026 | €2,334 | -€5,692 | -70.9% |
| Other amounts payable | 47/48 | €10,000 | €11,336 | +€1,336 | +13.4% |
| Remuneration, social security and pensions | 62 | €38,824 | €14,075 | -€24,749 | -63.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,441 | €5,333 | +€892 | +20.1% |
| Other operating charges | 640/8 | €2,488 | €1,336 | -€1,152 | -46.3% |
| Gross operating margin | 9900 | €29,258 | €16,025 | -€13,233 | -45.2% |
| Operating profit (loss) | 9901 | -€16,494 | -€4,718 | +€11,776 | +71.4% |
| Financial income | 75/76B | €198 | €0 | -€198 | -100.0% |
| Recurring financial income | 75 | €198 | €0 | -€198 | -100.0% |
| Financial charges | 65/66B | €1,296 | €4,476 | +€3,180 | +245.4% |
| Recurring financial charges | 65 | €1,296 | €4,476 | +€3,180 | +245.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,592 | -€9,194 | +€8,398 | +47.7% |
| Income taxes | 67/77 | - | €2,002 | +€2,002 | |
| Profit (loss) for the period | 9904 | -€17,592 | -€11,196 | +€6,396 | +36.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,592 | -€11,196 | +€6,396 | +36.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.