F HEREMANS: what changed
F HEREMANS
Largest movements
- Receivables within one year -€29,991
down €29,991 (-23.1%), from €130,068 to €100,077
of which Trade receivables: -€41,157
- Receivables after one year -€24,100
down €24,100 (-28.4%), from €85,000 to €60,900
- Tangible fixed assets -€19,586
down €19,586 (-9.2%), from €212,159 to €192,573
of which Furniture and vehicles: -€13,960
- Cash -€16,507
down €16,507 (-15.7%), from €105,339 to €88,832
mainly Contributions, distributions and other (-€145,000) and Tax, wage and social debts (-€20,621)
- Reserves -€145,000
down €145,000 (-32.8%), from €442,260 to €297,260
- Other debts +€84,000
up €84,000 (+646%), from €13,000 to €97,000
- Tax, wage and social debts -€20,621
down €20,621 (-45.9%), from €44,962 to €24,341
- Debts after one year -€12,024
down €12,024 (-31.3%), from €38,355 to €26,331
- Gross operating margin -€36,036
down €36,036 (-55.0%), from €65,471 to €29,434
- Taxes -€9,956
down €9,956 (-74.3%), from €13,392 to €3,436
- Depreciation +€2,910
up €2,910 (+16.6%), from €17,524 to €20,433
- Other operating charges -€1,845
down €1,845 (-51.0%), from €3,617 to €1,771
Change in the result, 31-12-2024 to 31-12-2025
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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 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 | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €567,838 | €477,381 | -€90,457 | -15.9% |
| Fixed assets | 21/28 | €212,159 | €192,573 | -€19,586 | -9.2% |
| Tangible fixed assets | 22/27 | €212,159 | €192,573 | -€19,586 | -9.2% |
| Land and buildings | 22 | €117,262 | €113,674 | -€3,588 | -3.1% |
| Plant, machinery and equipment | 23 | €1,497 | €580 | -€918 | -61.3% |
| Furniture and vehicles | 24 | €75,501 | €61,541 | -€13,960 | -18.5% |
| Other tangible fixed assets | 26 | €17,899 | €16,779 | -€1,121 | -6.3% |
| Current assets | 29/58 | €355,678 | €284,808 | -€70,870 | -19.9% |
| Amounts receivable after more than one year | 29 | €85,000 | €60,900 | -€24,100 | -28.4% |
| Other amounts receivable | 291 | €85,000 | €60,900 | -€24,100 | -28.4% |
| Amounts receivable within one year | 40/41 | €130,068 | €100,077 | -€29,991 | -23.1% |
| Trade receivables | 40 | €121,422 | €80,265 | -€41,157 | -33.9% |
| Other amounts receivable | 41 | €8,647 | €19,812 | +€11,165 | +129% |
| Current investments | 50/53 | €30,000 | €30,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €105,339 | €88,832 | -€16,507 | -15.7% |
| Deferred charges and accrued income | 490/1 | €5,271 | €4,999 | -€272 | -5.2% |
| Total equity and liabilities | 10/49 | €567,838 | €477,381 | -€90,457 | -15.9% |
| Equity | 10/15 | €456,019 | €313,870 | -€142,149 | -31.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €442,260 | €297,260 | -€145,000 | -32.8% |
| Distributable reserves | 133 | €442,260 | €297,260 | -€145,000 | -32.8% |
| Profit (loss) carried forward | 14 | €1,359 | €4,210 | +€2,851 | +210% |
| Amounts payable | 17/49 | €111,819 | €163,511 | +€51,692 | +46.2% |
| Amounts payable after more than one year | 17 | €38,355 | €26,331 | -€12,024 | -31.3% |
| Financial debts | 170/4 | €38,355 | €26,331 | -€12,024 | -31.3% |
| Amounts payable within one year | 42/48 | €72,068 | €136,213 | +€64,144 | +89.0% |
| Current portion of amounts payable after more than one year | 42 | €11,641 | €12,024 | +€382 | +3.3% |
| Trade debts | 44 | €2,465 | €2,848 | +€384 | +15.6% |
| Suppliers | 440/4 | €2,465 | €2,848 | +€384 | +15.6% |
| Taxes, remuneration and social security | 45 | €44,962 | €24,341 | -€20,621 | -45.9% |
| Taxes | 450/3 | €44,962 | €24,341 | -€20,621 | -45.9% |
| Other amounts payable | 47/48 | €13,000 | €97,000 | +€84,000 | +646% |
| Accrued charges and deferred income | 492/3 | €1,396 | €967 | -€429 | -30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,524 | €20,433 | +€2,910 | +16.6% |
| Other operating charges | 640/8 | €3,617 | €1,771 | -€1,845 | -51.0% |
| Gross operating margin | 9900 | €65,471 | €29,434 | -€36,036 | -55.0% |
| Operating profit (loss) | 9901 | €44,331 | €7,230 | -€37,101 | -83.7% |
| Financial income | 75/76B | €829 | €1,006 | +€177 | +21.4% |
| Recurring financial income | 75 | €829 | €1,006 | +€177 | +21.4% |
| Financial charges | 65/66B | €2,186 | €1,948 | -€237 | -10.9% |
| Recurring financial charges | 65 | €2,186 | €1,948 | -€237 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €42,974 | €6,288 | -€36,686 | -85.4% |
| Income taxes | 67/77 | €13,392 | €3,436 | -€9,956 | -74.3% |
| Profit (loss) for the period | 9904 | €29,582 | €2,851 | -€26,730 | -90.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,582 | €2,851 | -€26,730 | -90.4% |
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 8 November 2026 via checked.be.