Elektro Herman: what changed
Elektro Herman
Largest movements
- Tangible fixed assets -€25,539
down €25,539 (-19.0%), from €134,275 to €108,737
- Cash -€23,970
down €23,970 (-7.7%), from €312,116 to €288,146
mainly Tax, wage and social debts (-€39,583) and Receivables within one year (-€18,666)
- Receivables within one year +€18,666
up €18,666 (+201%), from €9,306 to €27,973
of which Trade receivables: +€20,781
- Tax, wage and social debts -€39,583
down €39,583 (-90.6%), from €43,669 to €4,086
- Reserves +€15,000
up €15,000 (+13.4%), from €111,997 to €126,997
of which Distributable reserves: +€15,000
- Debts after one year -€7,488
down €7,488 (-32.0%), from €23,431 to €15,943
- Gross operating margin +€29,857
up €29,857 (+147%), from €20,259 to €50,117
- Taxes +€5,277
up €5,277 (+4,123%), from €128 to €5,405
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 | €456,066 | €425,262 | -€30,804 | -6.8% |
| Fixed assets | 21/28 | €134,275 | €108,737 | -€25,539 | -19.0% |
| Tangible fixed assets | 22/27 | €134,275 | €108,737 | -€25,539 | -19.0% |
| Land and buildings | 22 | €85,662 | €78,523 | -€7,139 | -8.3% |
| Plant, machinery and equipment | 23 | €37,057 | €27,998 | -€9,059 | -24.4% |
| Furniture and vehicles | 24 | €11,556 | €2,215 | -€9,341 | -80.8% |
| Current assets | 29/58 | €321,791 | €316,525 | -€5,266 | -1.6% |
| Amounts receivable within one year | 40/41 | €9,306 | €27,973 | +€18,666 | +201% |
| Trade receivables | 40 | €1,103 | €21,884 | +€20,781 | +1,884% |
| Other amounts receivable | 41 | €8,203 | €6,089 | -€2,114 | -25.8% |
| Cash at bank and in hand | 54/58 | €312,116 | €288,146 | -€23,970 | -7.7% |
| Deferred charges and accrued income | 490/1 | €369 | €407 | +€38 | +10.4% |
| Total equity and liabilities | 10/49 | €456,066 | €425,262 | -€30,804 | -6.8% |
| Equity | 10/15 | €379,366 | €396,433 | +€17,067 | +4.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €111,997 | €126,997 | +€15,000 | +13.4% |
| Tax-exempt reserves | 132 | €10,137 | €10,137 | = | 0.0% |
| Distributable reserves | 133 | €101,860 | €116,860 | +€15,000 | +14.7% |
| Profit (loss) carried forward | 14 | €261,169 | €263,236 | +€2,067 | +0.8% |
| Amounts payable | 17/49 | €76,700 | €28,829 | -€47,871 | -62.4% |
| Amounts payable after more than one year | 17 | €23,431 | €15,943 | -€7,488 | -32.0% |
| Financial debts | 170/4 | €23,431 | €15,943 | -€7,488 | -32.0% |
| Amounts payable within one year | 42/48 | €53,268 | €12,885 | -€40,383 | -75.8% |
| Current portion of amounts payable after more than one year | 42 | €7,183 | €7,488 | +€305 | +4.2% |
| Trade debts | 44 | €2,416 | €1,311 | -€1,106 | -45.8% |
| Suppliers | 440/4 | €2,416 | €1,311 | -€1,106 | -45.8% |
| Taxes, remuneration and social security | 45 | €43,669 | €4,086 | -€39,583 | -90.6% |
| Taxes | 450/3 | €43,669 | €4,086 | -€39,583 | -90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,959 | €25,539 | -€421 | -1.6% |
| Other operating charges | 640/8 | €2,232 | €2,229 | -€3 | -0.1% |
| Gross operating margin | 9900 | €20,259 | €50,117 | +€29,857 | +147% |
| Operating profit (loss) | 9901 | -€7,932 | €22,349 | +€30,281 | |
| Financial income | 75/76B | €1,498 | €1,719 | +€222 | +14.8% |
| Recurring financial income | 75 | €1,498 | €1,719 | +€222 | +14.8% |
| Financial charges | 65/66B | €1,534 | €1,596 | +€62 | +4.0% |
| Recurring financial charges | 65 | €1,534 | €1,596 | +€62 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,969 | €22,472 | +€30,441 | |
| Income taxes | 67/77 | €128 | €5,405 | +€5,277 | +4,123% |
| Profit (loss) for the period | 9904 | -€8,097 | €17,067 | +€25,164 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,097 | €17,067 | +€25,164 |
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 7 November 2026 via checked.be.