Herema: what changed
What changed
Herema
NACE 46.180, Agents specialised in the wholesale of other particular products
filed annual accounts (NBB)
Net result for the year
€64,431
2024 · €72,563-€8,132
Equity
€795,785
2024 · €731,354+€64,431
Cash
€77,256
2024 · €148,419-€71,163
Balance sheet total
€1.6m
2024 · €1.5m+€34,532
Largest movements
Assets
- Receivables within one year +€356,211
up €356,211 (+162%), from €220,503 to €576,714
of which Trade receivables: +€354,136
- Stocks and contracts -€237,511
down €237,511 (-23.5%), from €1.0m to €772,910
- Cash -€71,163
down €71,163 (-47.9%), from €148,419 to €77,256
mainly Receivables within one year (-€356,211) and Short-term financial debts (-€250,000)
Equity and liabilities
- Short-term financial debts -€250,000
down €250,000 (-50.0%), from €500,000 to €250,000
- Trade debts +€187,647
up €187,647 (+188%), from €99,923 to €287,571
- Reserves +€64,431
up €64,431 (+20.0%), from €321,374 to €385,805
- Tax, wage and social debts +€37,703
up €37,703 (+65.1%), from €57,958 to €95,661
of which Taxes: +€41,351
Income statement
- Staff costs +€25,691
up €25,691 (+22.9%), from €112,165 to €137,856
- Gross operating margin +€10,273
up €10,273 (+3.2%), from €316,091 to €326,364
- Taxes -€5,248
down €5,248 (-18.6%), from €28,173 to €22,925
- Depreciation +€4,721
up €4,721 (+7.7%), from €61,297 to €66,017
- Financial charges -€3,550
down €3,550 (-9.1%), from €38,817 to €35,267
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
€72,563
Gross operating margin
+€10,273
Staff costs
-€25,691
Depreciation
-€4,721
Other operating charges
+€3,259
Financial income
-€50
Financial charges
+€3,550
Taxes
+€5,248
Result 2025
€64,431
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
+€236,851
Investment
-€54,544
Financing
-€253,470
Cash 2024
€148,419
From operations (derived)
+€236,851
Net result for the year
+€64,431
Depreciation
+€66,017
Stocks and contracts
+€237,511
Receivables within one year
-€356,211
Deferred charges and accrued income
+€1,532
Trade debts
+€187,647
Tax, wage and social debts
+€37,703
Other debts
-€1,779
Investment (derived)
-€54,544
Investment in fixed assets (net)
-€54,544
Financing
-€253,470
Debts after one year
-€11,205
Current portion of long-term debt
+€7,735
Short-term financial debts
-€250,000
Cash 2025
€77,256
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,541,455 | €1,575,987 | +€34,532 | +2.2% |
| Fixed assets | 21/28 | €160,580 | €149,107 | -€11,473 | -7.1% |
| Tangible fixed assets | 22/27 | €156,835 | €145,361 | -€11,473 | -7.3% |
| Plant, machinery and equipment | 23 | €16,180 | €6,044 | -€10,135 | -62.6% |
| Furniture and vehicles | 24 | €28,718 | €57,013 | +€28,296 | +98.5% |
| Leasing and similar rights | 25 | €111,937 | €82,304 | -€29,634 | -26.5% |
| Financial fixed assets | 28 | €3,746 | €3,746 | = | 0.0% |
| Current assets | 29/58 | €1,380,875 | €1,426,880 | +€46,005 | +3.3% |
| Stocks and contracts in progress | 3 | €1,010,421 | €772,910 | -€237,511 | -23.5% |
| Stocks | 30/36 | €1,010,421 | €772,910 | -€237,511 | -23.5% |
| Amounts receivable within one year | 40/41 | €220,503 | €576,714 | +€356,211 | +162% |
| Trade receivables | 40 | €185,503 | €539,639 | +€354,136 | +191% |
| Other amounts receivable | 41 | €35,000 | €37,075 | +€2,075 | +5.9% |
| Cash at bank and in hand | 54/58 | €148,419 | €77,256 | -€71,163 | -47.9% |
| Deferred charges and accrued income | 490/1 | €1,532 | €0 | -€1,532 | -100% |
| Total equity and liabilities | 10/49 | €1,541,455 | €1,575,987 | +€34,532 | +2.2% |
| Equity | 10/15 | €731,354 | €795,785 | +€64,431 | +8.8% |
| Contributions | 10/11 | €409,980 | €409,980 | = | 0.0% |
| Reserves | 13 | €321,374 | €385,805 | +€64,431 | +20.0% |
| Distributable reserves | 133 | €321,374 | €385,805 | +€64,431 | +20.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €810,101 | €780,202 | -€29,899 | -3.7% |
| Amounts payable after more than one year | 17 | €68,225 | €57,020 | -€11,205 | -16.4% |
| Financial debts | 170/4 | €68,225 | €57,020 | -€11,205 | -16.4% |
| Amounts payable within one year | 42/48 | €741,876 | €723,182 | -€18,694 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €63,628 | €71,364 | +€7,735 | +12.2% |
| Financial debts | 43 | €500,000 | €250,000 | -€250,000 | -50.0% |
| Credit institutions | 430/8 | €500,000 | €250,000 | -€250,000 | -50.0% |
| Trade debts | 44 | €99,923 | €287,571 | +€187,647 | +188% |
| Suppliers | 440/4 | €99,923 | €287,571 | +€187,647 | +188% |
| Taxes, remuneration and social security | 45 | €57,958 | €95,661 | +€37,703 | +65.1% |
| Taxes | 450/3 | €52,180 | €93,531 | +€41,351 | +79.2% |
| Remuneration and social security | 454/9 | €5,778 | €2,130 | -€3,648 | -63.1% |
| Other amounts payable | 47/48 | €20,366 | €18,587 | -€1,779 | -8.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €5,660 | +€5,660 | |
| Remuneration, social security and pensions | 62 | €112,165 | €137,856 | +€25,691 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,297 | €66,017 | +€4,721 | +7.7% |
| Other operating charges | 640/8 | €3,409 | €150 | -€3,259 | -95.6% |
| Gross operating margin | 9900 | €316,091 | €326,364 | +€10,273 | +3.2% |
| Operating profit (loss) | 9901 | €139,220 | €122,341 | -€16,879 | -12.1% |
| Financial income | 75/76B | €333 | €282 | -€50 | -15.1% |
| Recurring financial income | 75 | €333 | €282 | -€50 | -15.1% |
| Financial charges | 65/66B | €38,817 | €35,267 | -€3,550 | -9.1% |
| Recurring financial charges | 65 | €38,817 | €35,267 | -€3,550 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €100,736 | €87,356 | -€13,380 | -13.3% |
| Income taxes | 67/77 | €28,173 | €22,925 | -€5,248 | -18.6% |
| Profit (loss) for the period | 9904 | €72,563 | €64,431 | -€8,132 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €72,563 | €64,431 | -€8,132 | -11.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.