HERMAC: 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.
HERMAC
Largest movements
- Receivables within one year +€35,437
up €35,437 (+1100.3%), from €3,221 to €38,658
of which Trade receivables: +€34,940
- Cash -€21,402
down €21,402 (-98.3%), from €21,767 to €365
mainly Net result for the year (-€36,605) and Receivables within one year (-€35,437)
- Stocks and contracts -€15,340
down €15,340 (-100.0%), from €15,340 to €0
- Tangible fixed assets -€7,489
down €7,489 (-40.9%), from €18,309 to €10,821
of which Plant, machinery and equipment: -€6,380
- Profit (loss) carried forward -€36,605
down €36,605 (-24.6%), from -€149,005 to -€185,610
- Other debts +€28,919
up €28,919 (+18.3%), from €157,899 to €186,818
- Trade debts -€7,825
down €7,825 (-30.5%), from €25,649 to €17,824
- Tax, wage and social debts +€5,791
up €5,791 (+26.7%), from €21,682 to €27,473
of which Remuneration and social security: +€6,677
- Gross operating margin -€11,863
down €11,863 (-17.3%), from €68,430 to €56,567
- Staff costs -€9,893
down €9,893 (-10.9%), from €90,597 to €80,703
- Other operating charges +€1,483
up €1,483 (+94.1%), from €1,576 to €3,059
- Financial charges -€949
down €949 (-41.7%), from €2,275 to €1,326
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 | €61,226 | €51,506 | -€9,720 | -15.9% |
| Formation expenses | 20 | €1,241 | €641 | -€600 | -48.3% |
| Fixed assets | 21/28 | €18,309 | €10,821 | -€7,489 | -40.9% |
| Tangible fixed assets | 22/27 | €18,309 | €10,821 | -€7,489 | -40.9% |
| Plant, machinery and equipment | 23 | €15,983 | €9,603 | -€6,380 | -39.9% |
| Other tangible fixed assets | 26 | €2,327 | €1,218 | -€1,108 | -47.6% |
| Current assets | 29/58 | €41,675 | €40,044 | -€1,631 | -3.9% |
| Stocks and contracts in progress | 3 | €15,340 | €0 | -€15,340 | -100.0% |
| Stocks | 30/36 | €15,340 | €0 | -€15,340 | -100.0% |
| Amounts receivable within one year | 40/41 | €3,221 | €38,658 | +€35,437 | +1100.3% |
| Trade receivables | 40 | €3,221 | €38,161 | +€34,940 | +1084.9% |
| Other amounts receivable | 41 | - | €497 | +€497 | |
| Cash at bank and in hand | 54/58 | €21,767 | €365 | -€21,402 | -98.3% |
| Deferred charges and accrued income | 490/1 | €1,348 | €1,021 | -€326 | -24.2% |
| Total equity and liabilities | 10/49 | €61,226 | €51,506 | -€9,720 | -15.9% |
| Equity | 10/15 | -€144,005 | -€180,610 | -€36,605 | -25.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€149,005 | -€185,610 | -€36,605 | -24.6% |
| Amounts payable | 17/49 | €205,230 | €232,116 | +€26,885 | +13.1% |
| Amounts payable within one year | 42/48 | €205,230 | €232,116 | +€26,885 | +13.1% |
| Trade debts | 44 | €25,649 | €17,824 | -€7,825 | -30.5% |
| Suppliers | 440/4 | €25,649 | €17,824 | -€7,825 | -30.5% |
| Taxes, remuneration and social security | 45 | €21,682 | €27,473 | +€5,791 | +26.7% |
| Taxes | 450/3 | €5,708 | €4,822 | -€886 | -15.5% |
| Remuneration and social security | 454/9 | €15,974 | €22,651 | +€6,677 | +41.8% |
| Other amounts payable | 47/48 | €157,899 | €186,818 | +€28,919 | +18.3% |
| Remuneration, social security and pensions | 62 | €90,597 | €80,703 | -€9,893 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,089 | €8,089 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,576 | €3,059 | +€1,483 | +94.1% |
| Gross operating margin | 9900 | €68,430 | €56,567 | -€11,863 | -17.3% |
| Operating profit (loss) | 9901 | -€31,831 | -€35,284 | -€3,453 | -10.8% |
| Financial income | 75/76B | €0 | €5 | +€5 | |
| Recurring financial income | 75 | €0 | €5 | +€5 | |
| Financial charges | 65/66B | €2,275 | €1,326 | -€949 | -41.7% |
| Recurring financial charges | 65 | €2,275 | €1,326 | -€949 | -41.7% |
| Profit (loss) for the period before taxes | 9903 | -€34,106 | -€36,605 | -€2,499 | -7.3% |
| Profit (loss) for the period | 9904 | -€34,106 | -€36,605 | -€2,499 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,106 | -€36,605 | -€2,499 | -7.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.