Herman Consulting: 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.
Herman Consulting
Largest movements
- Tangible fixed assets +€43,429
up €43,429 (+977.2%), from €4,444 to €47,873
of which Leasing and similar rights: +€45,143
- Receivables within one year -€9,124
down €9,124 (-23.8%), from €38,404 to €29,280
of which Trade receivables: -€8,724
- Cash +€7,939
up €7,939 (+864.9%), from €918 to €8,857
mainly Net result for the year (+€44,077) and Debts after one year (+€20,175)
- Reserves +€44,077
up €44,077 (+142.9%), from €30,842 to €74,919
- Debts after one year +€20,175
up €20,175 (+7.7%), from €261,508 to €281,683
- Other debts -€19,715
down €19,715 (-8.2%), from €239,049 to €219,334
- Tax, wage and social debts -€11,457
down €11,457 (-94.1%), from €12,172 to €715
of which Taxes: -€8,819
- Current portion of long-term debt +€8,348
up €8,348 (+45.7%), from €18,258 to €26,606
- Gross operating margin +€23,061
up €23,061 (+35.2%), from €65,567 to €88,628
- Taxes +€5,920
up €5,920 (+36.4%), from €16,251 to €22,171
- Depreciation +€5,904
up €5,904 (+344.9%), from €1,712 to €7,615
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 | €566,571 | €608,454 | +€41,883 | +7.4% |
| Fixed assets | 21/28 | €524,488 | €567,917 | +€43,429 | +8.3% |
| Tangible fixed assets | 22/27 | €4,444 | €47,873 | +€43,429 | +977.2% |
| Plant, machinery and equipment | 23 | €2,216 | €1,738 | -€478 | -21.6% |
| Furniture and vehicles | 24 | €2,228 | €993 | -€1,236 | -55.4% |
| Leasing and similar rights | 25 | - | €45,143 | +€45,143 | |
| Financial fixed assets | 28 | €520,043 | €520,043 | = | 0.0% |
| Current assets | 29/58 | €42,084 | €40,537 | -€1,546 | -3.7% |
| Amounts receivable within one year | 40/41 | €38,404 | €29,280 | -€9,124 | -23.8% |
| Trade receivables | 40 | €37,306 | €28,583 | -€8,724 | -23.4% |
| Other amounts receivable | 41 | €1,098 | €698 | -€401 | -36.5% |
| Cash at bank and in hand | 54/58 | €918 | €8,857 | +€7,939 | +864.9% |
| Deferred charges and accrued income | 490/1 | €2,761 | €2,400 | -€361 | -13.1% |
| Total equity and liabilities | 10/49 | €566,571 | €608,454 | +€41,883 | +7.4% |
| Equity | 10/15 | €34,342 | €78,419 | +€44,077 | +128.3% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €30,842 | €74,919 | +€44,077 | +142.9% |
| Distributable reserves | 133 | €30,842 | €74,919 | +€44,077 | +142.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €532,229 | €530,035 | -€2,194 | -0.4% |
| Amounts payable after more than one year | 17 | €261,508 | €281,683 | +€20,175 | +7.7% |
| Financial debts | 170/4 | €261,508 | €281,683 | +€20,175 | +7.7% |
| Amounts payable within one year | 42/48 | €270,688 | €248,308 | -€22,380 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €18,258 | €26,606 | +€8,348 | +45.7% |
| Trade debts | 44 | €1,209 | €1,653 | +€444 | +36.7% |
| Suppliers | 440/4 | €1,209 | €1,653 | +€444 | +36.7% |
| Taxes, remuneration and social security | 45 | €12,172 | €715 | -€11,457 | -94.1% |
| Taxes | 450/3 | €9,534 | €715 | -€8,819 | -92.5% |
| Remuneration and social security | 454/9 | €2,637 | €0 | -€2,637 | -100.0% |
| Other amounts payable | 47/48 | €239,049 | €219,334 | -€19,715 | -8.2% |
| Accrued charges and deferred income | 492/3 | €33 | €44 | +€11 | +32.4% |
| Non-recurring operating income | 76A | - | €2,060 | +€2,060 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,712 | €7,615 | +€5,904 | +344.9% |
| Other operating charges | 640/8 | €946 | €1,124 | +€178 | +18.8% |
| Non-recurring operating charges | 66A | €2,189 | €0 | -€2,189 | -100.0% |
| Gross operating margin | 9900 | €65,567 | €88,628 | +€23,061 | +35.2% |
| Operating profit (loss) | 9901 | €60,721 | €79,888 | +€19,168 | +31.6% |
| Financial income | 75/76B | €13 | €0 | -€13 | -100.0% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -100.0% |
| Financial charges | 65/66B | €13,640 | €13,640 | -€1 | 0.0% |
| Recurring financial charges | 65 | €13,640 | €13,640 | -€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €47,093 | €66,249 | +€19,155 | +40.7% |
| Income taxes | 67/77 | €16,251 | €22,171 | +€5,920 | +36.4% |
| Profit (loss) for the period | 9904 | €30,842 | €44,077 | +€13,235 | +42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,842 | €44,077 | +€13,235 | +42.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.