DRUKKERIJ HEREMANS: what changed
What changed
DRUKKERIJ HEREMANS
NACE 18.120, Other printing
filed annual accounts (NBB)
Net result for the year
-€61,320
2024 · €8,163-€69,483
Equity
€473,037
2024 · €534,356-€61,320
Cash
€75,001
2024 · €134,694-€59,693
Balance sheet total
€1.3m
2024 · €1.5m-€199,329
Largest movements
Assets
- Tangible fixed assets -€140,830
down €140,830 (-16.2%), from €870,501 to €729,671
of which Leasing and similar rights: -€151,515
- Cash -€59,693
down €59,693 (-44.3%), from €134,694 to €75,001
mainly Debts after one year (-€125,803) and Investment in fixed assets (net) (-€65,605)
- Receivables within one year +€24,381
up €24,381 (+7.0%), from €345,922 to €370,302
of which Trade receivables: +€20,519
- Stocks and contracts -€24,195
down €24,195 (-41.0%), from €58,950 to €34,755
Equity and liabilities
- Debts after one year -€125,803
down €125,803 (-30.0%), from €419,210 to €293,407
- Reserves -€61,320
down €61,320 (-12.6%), from €484,778 to €423,458
of which Distributable reserves: -€61,320
- Tax, wage and social debts -€17,470
down €17,470 (-12.6%), from €138,570 to €121,099
of which Remuneration and social security: -€27,941
Income statement
- Gross operating margin -€208,966
down €208,966 (-22.7%), from €918,994 to €710,028
- Staff costs -€89,188
down €89,188 (-16.5%), from €539,812 to €450,624
- Other operating charges -€55,245
down €55,245 (-39.4%), from €140,131 to €84,886
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.
Result 2024
€8,163
Gross operating margin
-€208,966
Staff costs
+€89,188
Depreciation
-€7,450
Other operating charges
+€55,245
Financial income
+€870
Financial charges
-€4,553
Taxes
+€6,183
Result 2025
-€61,320
raises the resultlowers the result
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.
From operations
+€134,003
Investment
-€65,605
Financing
-€128,092
Cash 2024
€134,694
From operations (derived)
+€134,003
Net result for the year
-€61,320
Depreciation
+€206,435
Receivables after one year
-€689
Stocks and contracts
+€24,195
Receivables within one year
-€24,381
Deferred charges and accrued income
-€320
Trade debts
+€7,553
Tax, wage and social debts
-€17,470
Investment (derived)
-€65,605
Investment in fixed assets (net)
-€65,605
Financing
-€128,092
Debts after one year
-€125,803
Current portion of long-term debt
-€2,289
Cash 2025
€75,001
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,451,672 | €1,252,343 | -€199,329 | -13.7% |
| Fixed assets | 21/28 | €872,665 | €731,834 | -€140,830 | -16.1% |
| Tangible fixed assets | 22/27 | €870,501 | €729,671 | -€140,830 | -16.2% |
| Land and buildings | 22 | €71,476 | €79,245 | +€7,768 | +10.9% |
| Plant, machinery and equipment | 23 | €184,160 | €175,743 | -€8,417 | -4.6% |
| Furniture and vehicles | 24 | €23,360 | €34,692 | +€11,333 | +48.5% |
| Leasing and similar rights | 25 | €591,505 | €439,990 | -€151,515 | -25.6% |
| Financial fixed assets | 28 | €2,164 | €2,164 | = | 0.0% |
| Current assets | 29/58 | €579,007 | €520,508 | -€58,499 | -10.1% |
| Amounts receivable after more than one year | 29 | €34,442 | €35,130 | +€689 | +2.0% |
| Other amounts receivable | 291 | €34,442 | €35,130 | +€689 | +2.0% |
| Stocks and contracts in progress | 3 | €58,950 | €34,755 | -€24,195 | -41.0% |
| Stocks | 30/36 | €58,950 | €34,755 | -€24,195 | -41.0% |
| Amounts receivable within one year | 40/41 | €345,922 | €370,302 | +€24,381 | +7.0% |
| Trade receivables | 40 | €339,557 | €360,077 | +€20,519 | +6.0% |
| Other amounts receivable | 41 | €6,364 | €10,225 | +€3,861 | +60.7% |
| Current investments | 50/53 | €155 | €155 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €134,694 | €75,001 | -€59,693 | -44.3% |
| Deferred charges and accrued income | 490/1 | €4,845 | €5,165 | +€320 | +6.6% |
| Total equity and liabilities | 10/49 | €1,451,672 | €1,252,343 | -€199,329 | -13.7% |
| Equity | 10/15 | €534,356 | €473,037 | -€61,320 | -11.5% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €484,778 | €423,458 | -€61,320 | -12.6% |
| Tax-exempt reserves | 132 | €25,037 | €25,037 | = | 0.0% |
| Distributable reserves | 133 | €459,740 | €398,421 | -€61,320 | -13.3% |
| Provisions and deferred taxes | 16 | €15,000 | €15,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €15,000 | €15,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable | 17/49 | €902,315 | €764,306 | -€138,009 | -15.3% |
| Amounts payable after more than one year | 17 | €419,210 | €293,407 | -€125,803 | -30.0% |
| Financial debts | 170/4 | €419,210 | €293,407 | -€125,803 | -30.0% |
| Amounts payable within one year | 42/48 | €483,106 | €470,899 | -€12,207 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €130,264 | €127,976 | -€2,289 | -1.8% |
| Trade debts | 44 | €214,271 | €221,824 | +€7,553 | +3.5% |
| Suppliers | 440/4 | €214,271 | €221,824 | +€7,553 | +3.5% |
| Taxes, remuneration and social security | 45 | €138,570 | €121,099 | -€17,470 | -12.6% |
| Taxes | 450/3 | €28,431 | €38,902 | +€10,471 | +36.8% |
| Remuneration and social security | 454/9 | €110,139 | €82,197 | -€27,941 | -25.4% |
| Remuneration, social security and pensions | 62 | €539,812 | €450,624 | -€89,188 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €198,986 | €206,435 | +€7,450 | +3.7% |
| Other operating charges | 640/8 | €140,131 | €84,886 | -€55,245 | -39.4% |
| Gross operating margin | 9900 | €918,994 | €710,028 | -€208,966 | -22.7% |
| Operating profit (loss) | 9901 | €40,066 | -€31,917 | -€71,983 | |
| Financial income | 75/76B | €367 | €1,238 | +€870 | +237% |
| Recurring financial income | 75 | €367 | €1,238 | +€870 | +237% |
| Financial charges | 65/66B | €25,610 | €30,163 | +€4,553 | +17.8% |
| Recurring financial charges | 65 | €25,610 | €30,163 | +€4,553 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €14,823 | -€60,843 | -€75,666 | |
| Income taxes | 67/77 | €6,660 | €477 | -€6,183 | -92.8% |
| Profit (loss) for the period | 9904 | €8,163 | -€61,320 | -€69,483 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,163 | -€61,320 | -€69,483 |
Next steps
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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 8 November 2026 via checked.be.