Herman22: 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.
Herman22
Largest movements
- Receivables within one year +€59,464
up €59,464 (+527%), from €11,282 to €70,746
of which Trade receivables: +€47,466
- Deferred charges and accrued income +€10,400
new in 2025: €10,400
- Cash -€7,759
down €7,759 (-50.9%), from €15,234 to €7,475
mainly Receivables within one year (-€59,464) and Deferred charges and accrued income (-€10,400)
- Tangible fixed assets -€1,046
down €1,046 (-16.1%), from €6,505 to €5,460
of which Furniture and vehicles: -€1,046
- Reserves +€46,099
up €46,099 (+273%), from €16,901 to €63,000
- Tax, wage and social debts +€9,229
up €9,229 (+92.6%), from €9,965 to €19,193
- Trade debts +€5,973
up €5,973 (+1,373%), from €435 to €6,408
- Gross operating margin +€58,393
up €58,393 (+1,127%), from €5,184 to €63,576
- Taxes +€11,230
up €11,230 (+408%), from €2,754 to €13,984
- Other operating charges +€2,095
up €2,095 (+295%), from €710 to €2,805
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 | €33,021 | €94,081 | +€61,059 | +185% |
| Fixed assets | 21/28 | €6,505 | €5,460 | -€1,046 | -16.1% |
| Tangible fixed assets | 22/27 | €6,505 | €5,460 | -€1,046 | -16.1% |
| Furniture and vehicles | 24 | €2,505 | €1,460 | -€1,046 | -41.7% |
| Other tangible fixed assets | 26 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €26,516 | €88,621 | +€62,105 | +234% |
| Amounts receivable within one year | 40/41 | €11,282 | €70,746 | +€59,464 | +527% |
| Trade receivables | 40 | €10,000 | €57,466 | +€47,466 | +475% |
| Other amounts receivable | 41 | €1,282 | €13,281 | +€11,999 | +936% |
| Cash at bank and in hand | 54/58 | €15,234 | €7,475 | -€7,759 | -50.9% |
| Deferred charges and accrued income | 490/1 | - | €10,400 | +€10,400 | |
| Total equity and liabilities | 10/49 | €33,021 | €94,081 | +€61,059 | +185% |
| Equity | 10/15 | €22,622 | €68,480 | +€45,858 | +203% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €16,901 | €63,000 | +€46,099 | +273% |
| Distributable reserves | 133 | €16,901 | €63,000 | +€46,099 | +273% |
| Profit (loss) carried forward | 14 | €721 | €480 | -€241 | -33.4% |
| Amounts payable | 17/49 | €10,400 | €25,601 | +€15,201 | +146% |
| Amounts payable within one year | 42/48 | €10,400 | €25,601 | +€15,201 | +146% |
| Trade debts | 44 | €435 | €6,408 | +€5,973 | +1,373% |
| Suppliers | 440/4 | €435 | €6,408 | +€5,973 | +1,373% |
| Taxes, remuneration and social security | 45 | €9,965 | €19,193 | +€9,229 | +92.6% |
| Taxes | 450/3 | €9,965 | €19,193 | +€9,229 | +92.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €476 | €1,046 | +€570 | +120% |
| Other operating charges | 640/8 | €710 | €2,805 | +€2,095 | +295% |
| Gross operating margin | 9900 | €5,184 | €63,576 | +€58,393 | +1,127% |
| Operating profit (loss) | 9901 | €3,998 | €59,726 | +€55,728 | +1,394% |
| Financial income | 75/76B | €11 | €395 | +€384 | +3,637% |
| Recurring financial income | 75 | €11 | €395 | +€384 | +3,637% |
| Financial charges | 65/66B | €534 | €278 | -€255 | -47.8% |
| Recurring financial charges | 65 | €534 | €278 | -€255 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | €3,475 | €59,842 | +€56,367 | +1,622% |
| Income taxes | 67/77 | €2,754 | €13,984 | +€11,230 | +408% |
| Profit (loss) for the period | 9904 | €721 | €45,858 | +€45,137 | +6,264% |
| Profit (loss) for the period to be appropriated | 9905 | €721 | €45,858 | +€45,137 | +6,264% |
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 28 October 2026 via checked.be.