ERIC HEREMANS & CO: 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.
ERIC HEREMANS & CO
Largest movements
- Tangible fixed assets -€134,379
down €134,379 (-97.2%), from €138,186 to €3,806
of which Land and buildings: -€113,255
- Current investments +€90,911
up €90,911 (+10.1%), from €895,777 to €986,689
- Debts after one year -€64,250
no longer reported in 2025 (was €64,250)
- Reserves +€62,000
up €62,000 (+7.3%), from €847,059 to €909,059
- Current portion of long-term debt -€17,532
no longer reported in 2025 (was €17,532)
- Tax, wage and social debts -€13,641
down €13,641 (-47.0%), from €29,001 to €15,360
- Financial income -€151,824
down €151,824 (-74.9%), from €202,632 to €50,808
- Gross operating margin +€125,588
up €125,588, from -€60,192 to €65,396
- Taxes +€28,360
new in 2025: €28,360
- Depreciation -€13,200
down €13,200 (-38.5%), from €34,325 to €21,125
- Other operating charges -€1,093
down €1,093 (-41.7%), from €2,619 to €1,526
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 | €1,036,978 | €1,002,465 | -€34,513 | -3.3% |
| Fixed assets | 21/28 | €138,186 | €3,806 | -€134,379 | -97.2% |
| Tangible fixed assets | 22/27 | €138,186 | €3,806 | -€134,379 | -97.2% |
| Land and buildings | 22 | €113,255 | - | -€113,255 | |
| Plant, machinery and equipment | 23 | €1,175 | €743 | -€432 | -36.8% |
| Furniture and vehicles | 24 | €23,756 | €3,063 | -€20,692 | -87.1% |
| Current assets | 29/58 | €898,793 | €998,659 | +€99,866 | +11.1% |
| Amounts receivable within one year | 40/41 | - | €1,185 | +€1,185 | |
| Other amounts receivable | 41 | - | €1,185 | +€1,185 | |
| Current investments | 50/53 | €895,777 | €986,689 | +€90,911 | +10.1% |
| Cash at bank and in hand | 54/58 | €2,969 | €8,772 | +€5,804 | +196% |
| Deferred charges and accrued income | 490/1 | €47 | €2,013 | +€1,966 | +4,193% |
| Total equity and liabilities | 10/49 | €1,036,978 | €1,002,465 | -€34,513 | -3.3% |
| Equity | 10/15 | €920,481 | €984,139 | +€63,659 | +6.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €847,059 | €909,059 | +€62,000 | +7.3% |
| Non-distributable reserves | 130/1 | €847,059 | €909,059 | +€62,000 | +7.3% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Other | 1319 | €842,059 | €904,059 | +€62,000 | +7.4% |
| Profit (loss) carried forward | 14 | €23,421 | €25,080 | +€1,659 | +7.1% |
| Amounts payable | 17/49 | €116,498 | €18,325 | -€98,172 | -84.3% |
| Amounts payable after more than one year | 17 | €64,250 | - | -€64,250 | |
| Financial debts | 170/4 | €64,250 | - | -€64,250 | |
| Amounts payable within one year | 42/48 | €49,780 | €15,599 | -€34,181 | -68.7% |
| Current portion of amounts payable after more than one year | 42 | €17,532 | - | -€17,532 | |
| Trade debts | 44 | €2,043 | €239 | -€1,805 | -88.3% |
| Suppliers | 440/4 | €2,043 | €239 | -€1,805 | -88.3% |
| Taxes, remuneration and social security | 45 | €29,001 | €15,360 | -€13,641 | -47.0% |
| Taxes | 450/3 | €29,001 | €15,360 | -€13,641 | -47.0% |
| Other amounts payable | 47/48 | €1,203 | - | -€1,203 | |
| Accrued charges and deferred income | 492/3 | €2,468 | €2,726 | +€259 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,325 | €21,125 | -€13,200 | -38.5% |
| Other operating charges | 640/8 | €2,619 | €1,526 | -€1,093 | -41.7% |
| Gross operating margin | 9900 | -€60,192 | €65,396 | +€125,588 | |
| Operating profit (loss) | 9901 | -€97,136 | €42,745 | +€139,881 | |
| Financial income | 75/76B | €202,632 | €50,808 | -€151,824 | -74.9% |
| Recurring financial income | 75 | €202,632 | €50,808 | -€151,824 | -74.9% |
| Financial charges | 65/66B | €1,321 | €1,535 | +€214 | +16.2% |
| Recurring financial charges | 65 | €1,321 | €1,535 | +€214 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €104,176 | €92,019 | -€12,157 | -11.7% |
| Income taxes | 67/77 | - | €28,360 | +€28,360 | |
| Profit (loss) for the period | 9904 | €104,176 | €63,659 | -€40,517 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €104,176 | €63,659 | -€40,517 | -38.9% |
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 24 October 2026 via checked.be.