EERLINGS HERMAN: 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.
EERLINGS HERMAN
Largest movements
- Receivables within one year +€28,359
up €28,359 (+100%), from €28,240 to €56,599
of which Trade receivables: +€36,159
- Cash +€10,720
up €10,720 (+11.9%), from €89,710 to €100,429
mainly Net result for the year (+€16,101) and Depreciation (+€12,796)
- Tangible fixed assets -€9,266
down €9,266 (-18.6%), from €49,924 to €40,658
of which Furniture and vehicles: -€9,825
- Stocks and contracts -€2,818
down €2,818 (-47.6%), from €5,921 to €3,102
- Deferred charges and accrued income -€2,068
no longer reported in 2025 (was €2,068)
- Reserves +€16,101
up €16,101 (+17.7%), from €90,946 to €107,048
- Trade debts +€6,466
up €6,466 (+56.4%), from €11,465 to €17,931
- Gross operating margin +€40,800
up €40,800 (+37,687%), from €108 to €40,908
- Staff costs +€4,852
up €4,852 (+171%), from €2,837 to €7,689
- Taxes +€3,260
up €3,260, from -€117 to €3,143
- Depreciation +€744
up €744 (+6.2%), from €12,052 to €12,796
- Financial income -€604
down €604 (-51.3%), from €1,178 to €574
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 | €175,862 | €200,789 | +€24,926 | +14.2% |
| Fixed assets | 21/28 | €49,924 | €40,658 | -€9,266 | -18.6% |
| Tangible fixed assets | 22/27 | €49,924 | €40,658 | -€9,266 | -18.6% |
| Plant, machinery and equipment | 23 | €1,709 | €3,652 | +€1,943 | +114% |
| Furniture and vehicles | 24 | €37,458 | €27,633 | -€9,825 | -26.2% |
| Other tangible fixed assets | 26 | €10,757 | €9,373 | -€1,384 | -12.9% |
| Current assets | 29/58 | €125,938 | €160,131 | +€34,193 | +27.2% |
| Stocks and contracts in progress | 3 | €5,921 | €3,102 | -€2,818 | -47.6% |
| Stocks | 30/36 | €5,921 | €3,102 | -€2,818 | -47.6% |
| Amounts receivable within one year | 40/41 | €28,240 | €56,599 | +€28,359 | +100% |
| Trade receivables | 40 | €16,112 | €52,270 | +€36,159 | +224% |
| Other amounts receivable | 41 | €12,129 | €4,329 | -€7,800 | -64.3% |
| Cash at bank and in hand | 54/58 | €89,710 | €100,429 | +€10,720 | +11.9% |
| Deferred charges and accrued income | 490/1 | €2,068 | - | -€2,068 | |
| Total equity and liabilities | 10/49 | €175,862 | €200,789 | +€24,926 | +14.2% |
| Equity | 10/15 | €77,791 | €93,892 | +€16,101 | +20.7% |
| Contributions | 10/11 | €19,500 | €19,500 | = | 0.0% |
| Reserves | 13 | €90,946 | €107,048 | +€16,101 | +17.7% |
| Distributable reserves | 133 | €90,946 | €107,048 | +€16,101 | +17.7% |
| Profit (loss) carried forward | 14 | -€32,655 | -€32,655 | = | 0.0% |
| Amounts payable | 17/49 | €98,071 | €106,896 | +€8,825 | +9.0% |
| Amounts payable within one year | 42/48 | €98,071 | €106,896 | +€8,825 | +9.0% |
| Trade debts | 44 | €11,465 | €17,931 | +€6,466 | +56.4% |
| Suppliers | 440/4 | €11,465 | €17,931 | +€6,466 | +56.4% |
| Taxes, remuneration and social security | 45 | €2,500 | €4,450 | +€1,950 | +78.0% |
| Taxes | 450/3 | - | €1,950 | +€1,950 | |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €84,106 | €84,515 | +€409 | +0.5% |
| Non-recurring operating income | 76A | €17,769 | - | -€17,769 | |
| Remuneration, social security and pensions | 62 | €2,837 | €7,689 | +€4,852 | +171% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,052 | €12,796 | +€744 | +6.2% |
| Other operating charges | 640/8 | €1,723 | €1,541 | -€183 | -10.6% |
| Gross operating margin | 9900 | €108 | €40,908 | +€40,800 | +37,687% |
| Operating profit (loss) | 9901 | -€16,504 | €18,882 | +€35,387 | |
| Financial income | 75/76B | €1,178 | €574 | -€604 | -51.3% |
| Recurring financial income | 75 | €1,178 | €574 | -€604 | -51.3% |
| Financial charges | 65/66B | €158 | €212 | +€55 | +34.8% |
| Recurring financial charges | 65 | €158 | €212 | +€55 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,483 | €19,244 | +€34,728 | |
| Income taxes | 67/77 | -€117 | €3,143 | +€3,260 | |
| Profit (loss) for the period | 9904 | -€15,366 | €16,101 | +€31,467 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,366 | €16,101 | +€31,467 |
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 28 October 2026 via checked.be.