Heremans: what changed
Two fiscal 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.
Heremans
Largest movements
- Tangible fixed assets -€30,755
down €30,755 (-25.1%), from €122,663 to €91,908
of which Furniture and vehicles: -€117,583
- Cash +€26,661
up €26,661 (+14.0%), from €189,861 to €216,522
mainly Net result for the year (+€41,108) and Depreciation (+€33,255)
- Receivables within one year +€6,109
up €6,109 (+30.0%), from €20,381 to €26,490
of which Other amounts receivable: +€5,276
- Deferred charges and accrued income -€4,985
down €4,985 (-53.0%), from €9,409 to €4,424
- Other debts +€28,870
up €28,870 (+235.9%), from €12,238 to €41,108
- Debts after one year -€27,081
down €27,081 (-32.6%), from €83,159 to €56,078
- Trade debts -€5,550
down €5,550 (-76.0%), from €7,305 to €1,755
- Tax, wage and social debts -€4,888
down €4,888 (-49.3%), from €9,913 to €5,024
- Accrued charges and deferred income +€4,664
new in 2025: €4,664
- Gross operating margin -€7,779
down €7,779 (-7.0%), from €111,341 to €103,562
- Taxes -€4,736
down €4,736 (-31.4%), from €15,101 to €10,365
- Depreciation -€4,270
down €4,270 (-11.4%), from €37,525 to €33,255
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.
Cash bridge derived
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 | €342,450 | €339,479 | -€2,971 | -0.9% |
| Fixed assets | 21/28 | €122,663 | €91,908 | -€30,755 | -25.1% |
| Tangible fixed assets | 22/27 | €122,663 | €91,908 | -€30,755 | -25.1% |
| Plant, machinery and equipment | 23 | €5,080 | €5,685 | +€605 | +11.9% |
| Furniture and vehicles | 24 | €117,583 | - | -€117,583 | |
| Leasing and similar rights | 25 | - | €86,224 | +€86,224 | |
| Current assets | 29/58 | €219,786 | €247,571 | +€27,784 | +12.6% |
| Amounts receivable after more than one year | 29 | €135 | €135 | = | 0.0% |
| Trade receivables | 290 | €135 | €135 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,381 | €26,490 | +€6,109 | +30.0% |
| Trade receivables | 40 | €20,381 | €21,215 | +€834 | +4.1% |
| Other amounts receivable | 41 | - | €5,276 | +€5,276 | |
| Cash at bank and in hand | 54/58 | €189,861 | €216,522 | +€26,661 | +14.0% |
| Deferred charges and accrued income | 490/1 | €9,409 | €4,424 | -€4,985 | -53.0% |
| Total equity and liabilities | 10/49 | €342,450 | €339,479 | -€2,971 | -0.9% |
| Equity | 10/15 | €203,770 | €203,770 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €198,770 | €198,770 | = | 0.0% |
| Distributable reserves | 133 | €198,770 | €198,770 | = | 0.0% |
| Amounts payable | 17/49 | €138,680 | €135,710 | -€2,971 | -2.1% |
| Amounts payable after more than one year | 17 | €83,159 | €56,078 | -€27,081 | -32.6% |
| Financial debts | 170/4 | €83,159 | €56,078 | -€27,081 | -32.6% |
| Amounts payable within one year | 42/48 | €55,522 | €74,968 | +€19,447 | +35.0% |
| Current portion of amounts payable after more than one year | 42 | €26,066 | €27,081 | +€1,015 | +3.9% |
| Trade debts | 44 | €7,305 | €1,755 | -€5,550 | -76.0% |
| Suppliers | 440/4 | €7,305 | €1,755 | -€5,550 | -76.0% |
| Taxes, remuneration and social security | 45 | €9,913 | €5,024 | -€4,888 | -49.3% |
| Taxes | 450/3 | €9,913 | €5,024 | -€4,888 | -49.3% |
| Other amounts payable | 47/48 | €12,238 | €41,108 | +€28,870 | +235.9% |
| Accrued charges and deferred income | 492/3 | - | €4,664 | +€4,664 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,525 | €33,255 | -€4,270 | -11.4% |
| Other operating charges | 640/8 | €13,070 | €13,890 | +€820 | +6.3% |
| Gross operating margin | 9900 | €111,341 | €103,562 | -€7,779 | -7.0% |
| Operating profit (loss) | 9901 | €60,747 | €56,418 | -€4,329 | -7.1% |
| Financial income | 75/76B | €0 | €1 | +€1 | +2233.3% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +2233.3% |
| Financial charges | 65/66B | €5,610 | €4,946 | -€664 | -11.8% |
| Recurring financial charges | 65 | €5,610 | €4,946 | -€664 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €55,136 | €51,473 | -€3,664 | -6.6% |
| Income taxes | 67/77 | €15,101 | €10,365 | -€4,736 | -31.4% |
| Profit (loss) for the period | 9904 | €40,036 | €41,108 | +€1,072 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,036 | €41,108 | +€1,072 | +2.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.