HERMA: 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.
HERMA
Largest movements
- Cash +€252,048
up €252,048 (+168%), from €149,612 to €401,660
mainly Net result for the year (+€334,688) and Other debts (+€34,061)
- Current investments +€38,928
up €38,928 (+11.8%), from €329,608 to €368,536
- Receivables within one year -€32,520
down €32,520 (-60.6%), from €53,653 to €21,133
of which Trade receivables: -€41,548
- Tangible fixed assets +€9,940
up €9,940 (+501%), from €1,984 to €11,925
of which Plant, machinery and equipment: +€10,602
- Reserves +€273,830
up €273,830 (+59.2%), from €462,585 to €736,415
of which Distributable reserves: +€273,830
- Other debts +€34,061
up €34,061 (+140%), from €24,256 to €58,318
- Tax, wage and social debts -€25,300
down €25,300 (-90.6%), from €27,913 to €2,612
- Accrued charges and deferred income -€14,358
down €14,358 (-90.5%), from €15,858 to €1,500
- Financial income +€331,465
up €331,465 (+1,880%), from €17,632 to €349,097
- Gross operating margin -€86,545
down €86,545 (-70.4%), from €122,855 to €36,311
- Financial charges +€19,358
up €19,358, from -€11,916 to €7,443
- Taxes -€7,096
down €7,096 (-15.0%), from €47,387 to €40,291
- Depreciation -€2,728
down €2,728 (-73.1%), from €3,732 to €1,005
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 | €538,917 | €806,886 | +€267,969 | +49.7% |
| Fixed assets | 21/28 | €1,984 | €11,925 | +€9,940 | +501% |
| Tangible fixed assets | 22/27 | €1,984 | €11,925 | +€9,940 | +501% |
| Plant, machinery and equipment | 23 | - | €10,602 | +€10,602 | |
| Furniture and vehicles | 24 | €1,984 | €1,323 | -€661 | -33.3% |
| Current assets | 29/58 | €536,933 | €794,961 | +€258,028 | +48.1% |
| Amounts receivable after more than one year | 29 | €2,412 | - | -€2,412 | |
| Other amounts receivable | 291 | €2,412 | - | -€2,412 | |
| Amounts receivable within one year | 40/41 | €53,653 | €21,133 | -€32,520 | -60.6% |
| Trade receivables | 40 | €53,648 | €12,100 | -€41,548 | -77.4% |
| Other amounts receivable | 41 | €4 | €9,033 | +€9,029 | +205,197% |
| Current investments | 50/53 | €329,608 | €368,536 | +€38,928 | +11.8% |
| Cash at bank and in hand | 54/58 | €149,612 | €401,660 | +€252,048 | +168% |
| Deferred charges and accrued income | 490/1 | €1,647 | €3,632 | +€1,984 | +120% |
| Total equity and liabilities | 10/49 | €538,917 | €806,886 | +€267,969 | +49.7% |
| Equity | 10/15 | €469,585 | €743,415 | +€273,830 | +58.3% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €462,585 | €736,415 | +€273,830 | +59.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €460,725 | €734,555 | +€273,830 | +59.4% |
| Amounts payable | 17/49 | €69,332 | €63,471 | -€5,862 | -8.5% |
| Amounts payable within one year | 42/48 | €53,474 | €61,971 | +€8,497 | +15.9% |
| Trade debts | 44 | €1,305 | €1,041 | -€264 | -20.3% |
| Suppliers | 440/4 | €1,305 | €1,041 | -€264 | -20.3% |
| Taxes, remuneration and social security | 45 | €27,913 | €2,612 | -€25,300 | -90.6% |
| Taxes | 450/3 | €27,913 | €2,612 | -€25,300 | -90.6% |
| Other amounts payable | 47/48 | €24,256 | €58,318 | +€34,061 | +140% |
| Accrued charges and deferred income | 492/3 | €15,858 | €1,500 | -€14,358 | -90.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,732 | €1,005 | -€2,728 | -73.1% |
| Other operating charges | 640/8 | €276 | €1,981 | +€1,704 | +617% |
| Gross operating margin | 9900 | €122,855 | €36,311 | -€86,545 | -70.4% |
| Operating profit (loss) | 9901 | €118,847 | €33,325 | -€85,521 | -72.0% |
| Financial income | 75/76B | €17,632 | €349,097 | +€331,465 | +1,880% |
| Recurring financial income | 75 | €17,632 | €349,097 | +€331,465 | +1,880% |
| Financial charges | 65/66B | -€11,916 | €7,443 | +€19,358 | |
| Recurring financial charges | 65 | -€11,916 | €7,443 | +€19,358 | |
| Profit (loss) for the period before taxes | 9903 | €148,394 | €374,979 | +€226,585 | +153% |
| Income taxes | 67/77 | €47,387 | €40,291 | -€7,096 | -15.0% |
| Profit (loss) for the period | 9904 | €101,007 | €334,688 | +€233,681 | +231% |
| Profit (loss) for the period to be appropriated | 9905 | €101,007 | €334,688 | +€233,681 | +231% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.