Hermana: 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.
Hermana
Largest movements
- Cash +€7,493
up €7,493 (+29.7%), from €25,195 to €32,688
mainly Net result for the year (+€10,637) and Tax, wage and social debts (+€4,217)
- Stocks and contracts -€751
down €751 (-31.8%), from €2,364 to €1,613
- Receivables within one year +€482
up €482 (+11.6%), from €4,146 to €4,628
of which Trade receivables: +€365
- Reserves +€10,637
up €10,637 (+134.4%), from €7,914 to €18,551
of which Distributable reserves: +€10,637
- Other debts -€7,102
down €7,102 (-50.3%), from €14,129 to €7,027
- Tax, wage and social debts +€4,217
up €4,217 (+157.7%), from €2,673 to €6,890
- Trade debts -€851
down €851 (-54.9%), from €1,549 to €698
- Gross operating margin +€8,830
up €8,830 (+105.4%), from €8,374 to €17,204
- Taxes +€2,338
up €2,338 (+403.0%), from €580 to €2,918
- Write-downs +€331
new in 2025: €331
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 | €32,466 | €39,367 | +€6,901 | +21.3% |
| Fixed assets | 21/28 | €678 | €352 | -€326 | -48.1% |
| Tangible fixed assets | 22/27 | €678 | €352 | -€326 | -48.1% |
| Plant, machinery and equipment | 23 | €678 | €352 | -€326 | -48.1% |
| Current assets | 29/58 | €31,788 | €39,015 | +€7,227 | +22.7% |
| Stocks and contracts in progress | 3 | €2,364 | €1,613 | -€751 | -31.8% |
| Stocks | 30/36 | €2,364 | €1,613 | -€751 | -31.8% |
| Amounts receivable within one year | 40/41 | €4,146 | €4,628 | +€482 | +11.6% |
| Trade receivables | 40 | €307 | €672 | +€365 | +119.1% |
| Other amounts receivable | 41 | €3,839 | €3,955 | +€116 | +3.0% |
| Cash at bank and in hand | 54/58 | €25,195 | €32,688 | +€7,493 | +29.7% |
| Deferred charges and accrued income | 490/1 | €83 | €86 | +€3 | +3.8% |
| Total equity and liabilities | 10/49 | €32,466 | €39,367 | +€6,901 | +21.3% |
| Equity | 10/15 | €14,114 | €24,751 | +€10,637 | +75.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,914 | €18,551 | +€10,637 | +134.4% |
| Non-distributable reserves | 130/1 | €130 | €130 | = | 0.0% |
| Reserves not available under the articles | 1311 | €130 | €130 | = | 0.0% |
| Distributable reserves | 133 | €7,784 | €18,422 | +€10,637 | +136.6% |
| Amounts payable | 17/49 | €18,352 | €14,615 | -€3,737 | -20.4% |
| Amounts payable within one year | 42/48 | €18,352 | €14,615 | -€3,737 | -20.4% |
| Trade debts | 44 | €1,549 | €698 | -€851 | -54.9% |
| Suppliers | 440/4 | €1,549 | €698 | -€851 | -54.9% |
| Taxes, remuneration and social security | 45 | €2,673 | €6,890 | +€4,217 | +157.7% |
| Taxes | 450/3 | €2,673 | €6,890 | +€4,217 | +157.7% |
| Other amounts payable | 47/48 | €14,129 | €7,027 | -€7,102 | -50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €326 | €326 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €331 | +€331 | |
| Other operating charges | 640/8 | €1,607 | €1,776 | +€169 | +10.5% |
| Gross operating margin | 9900 | €8,374 | €17,204 | +€8,830 | +105.4% |
| Operating profit (loss) | 9901 | €6,441 | €14,771 | +€8,330 | +129.3% |
| Financial income | 75/76B | €1 | €1 | -€0 | -42.5% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -42.5% |
| Financial charges | 65/66B | €1,181 | €1,216 | +€35 | +2.9% |
| Recurring financial charges | 65 | €1,181 | €1,216 | +€35 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €5,261 | €13,555 | +€8,295 | +157.7% |
| Income taxes | 67/77 | €580 | €2,918 | +€2,338 | +403.0% |
| Profit (loss) for the period | 9904 | €4,680 | €10,637 | +€5,957 | +127.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,680 | €10,637 | +€5,957 | +127.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.