HERMAN TECHNICS: 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 TECHNICS
Largest movements
- Receivables after one year -€50,000
down €50,000 (-83.3%), from €60,000 to €10,000
- Tangible fixed assets -€12,342
down €12,342 (-25.0%), from €49,287 to €36,944
of which Leasing and similar rights: -€27,941
- Cash +€7,625
up €7,625 (+34.5%), from €22,103 to €29,728
mainly Receivables after one year (+€50,000) and Net result for the year (+€23,197)
- Receivables within one year +€4,947
up €4,947 (+10.4%), from €47,438 to €52,385
of which Other amounts receivable: +€3,662
- Reserves -€58,568
down €58,568 (-48.4%), from €120,912 to €62,344
- Trade debts +€18,143
up €18,143 (+104%), from €17,372 to €35,515
- Debts after one year -€9,814
down €9,814 (-51.2%), from €19,166 to €9,352
- Other debts +€8,241
up €8,241 (+733%), from €1,124 to €9,365
- Tax, wage and social debts -€7,868
down €7,868 (-48.7%), from €16,158 to €8,291
- Gross operating margin -€28,700
down €28,700 (-38.7%), from €74,178 to €45,478
- Financial charges -€5,414
down €5,414 (-73.0%), from €7,414 to €2,000
- Taxes -€5,120
down €5,120 (-44.7%), from €11,458 to €6,338
- Financial income -€1,047
down €1,047 (-46.0%), from €2,279 to €1,232
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 | €190,958 | €141,719 | -€49,239 | -25.8% |
| Fixed assets | 21/28 | €49,287 | €36,944 | -€12,342 | -25.0% |
| Tangible fixed assets | 22/27 | €49,287 | €36,944 | -€12,342 | -25.0% |
| Land and buildings | 22 | €14,797 | €12,660 | -€2,137 | -14.4% |
| Plant, machinery and equipment | 23 | €1,616 | €1,383 | -€233 | -14.4% |
| Furniture and vehicles | 24 | €4,932 | €18,533 | +€13,600 | +276% |
| Leasing and similar rights | 25 | €27,941 | - | -€27,941 | |
| Other tangible fixed assets | 26 | - | €4,368 | +€4,368 | |
| Current assets | 29/58 | €141,671 | €104,775 | -€36,896 | -26.0% |
| Amounts receivable after more than one year | 29 | €60,000 | €10,000 | -€50,000 | -83.3% |
| Other amounts receivable | 291 | €60,000 | €10,000 | -€50,000 | -83.3% |
| Amounts receivable within one year | 40/41 | €47,438 | €52,385 | +€4,947 | +10.4% |
| Trade receivables | 40 | €47,411 | €48,697 | +€1,285 | +2.7% |
| Other amounts receivable | 41 | €26 | €3,688 | +€3,662 | +13,950% |
| Cash at bank and in hand | 54/58 | €22,103 | €29,728 | +€7,625 | +34.5% |
| Deferred charges and accrued income | 490/1 | €12,130 | €12,662 | +€532 | +4.4% |
| Total equity and liabilities | 10/49 | €190,958 | €141,719 | -€49,239 | -25.8% |
| Equity | 10/15 | €127,712 | €69,144 | -€58,568 | -45.9% |
| Contributions | 10/11 | €6,800 | €6,800 | = | 0.0% |
| Reserves | 13 | €120,912 | €62,344 | -€58,568 | -48.4% |
| Distributable reserves | 133 | €120,912 | €62,344 | -€58,568 | -48.4% |
| Amounts payable | 17/49 | €63,246 | €72,575 | +€9,329 | +14.8% |
| Amounts payable after more than one year | 17 | €19,166 | €9,352 | -€9,814 | -51.2% |
| Financial debts | 170/4 | €19,166 | €9,352 | -€9,814 | -51.2% |
| Amounts payable within one year | 42/48 | €44,079 | €62,985 | +€18,906 | +42.9% |
| Current portion of amounts payable after more than one year | 42 | €9,424 | €9,814 | +€390 | +4.1% |
| Trade debts | 44 | €17,372 | €35,515 | +€18,143 | +104% |
| Suppliers | 440/4 | €17,372 | €35,515 | +€18,143 | +104% |
| Taxes, remuneration and social security | 45 | €16,158 | €8,291 | -€7,868 | -48.7% |
| Taxes | 450/3 | €16,158 | €8,291 | -€7,868 | -48.7% |
| Other amounts payable | 47/48 | €1,124 | €9,365 | +€8,241 | +733% |
| Accrued charges and deferred income | 492/3 | - | €237 | +€237 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,336 | €13,727 | -€609 | -4.2% |
| Other operating charges | 640/8 | €1,504 | €1,447 | -€57 | -3.8% |
| Gross operating margin | 9900 | €74,178 | €45,478 | -€28,700 | -38.7% |
| Operating profit (loss) | 9901 | €58,338 | €30,304 | -€28,034 | -48.1% |
| Financial income | 75/76B | €2,279 | €1,232 | -€1,047 | -46.0% |
| Recurring financial income | 75 | €2,279 | €1,232 | -€1,047 | -46.0% |
| Financial charges | 65/66B | €7,414 | €2,000 | -€5,414 | -73.0% |
| Recurring financial charges | 65 | €7,414 | €2,000 | -€5,414 | -73.0% |
| Profit (loss) for the period before taxes | 9903 | €53,203 | €29,535 | -€23,668 | -44.5% |
| Income taxes | 67/77 | €11,458 | €6,338 | -€5,120 | -44.7% |
| Profit (loss) for the period | 9904 | €41,745 | €23,197 | -€18,548 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,745 | €23,197 | -€18,548 | -44.4% |
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 13 October 2026 via checked.be.