HERMANAS: 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.
HERMANAS
Largest movements
- Receivables within one year +€355,098
up €355,098 (+1,100%), from €32,290 to €387,388
of which Other amounts receivable: +€290,000
- Cash -€81,155
down €81,155 (-52.6%), from €154,385 to €73,230
mainly Receivables within one year (-€355,098)
- Reserves +€230,112
up €230,112 (+161%), from €143,334 to €373,447
of which Distributable reserves: +€230,112
- Tax, wage and social debts +€43,787
up €43,787 (+64.3%), from €68,073 to €111,860
- Gross operating margin +€128,282
up €128,282 (+63.2%), from €203,128 to €331,410
- Taxes +€41,363
up €41,363 (+69.7%), from €59,356 to €100,719
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 | €276,675 | €550,619 | +€273,943 | +99.0% |
| Fixed assets | 21/28 | €90,000 | €90,000 | = | 0.0% |
| Financial fixed assets | 28 | €90,000 | €90,000 | = | 0.0% |
| Current assets | 29/58 | €186,675 | €460,619 | +€273,943 | +147% |
| Amounts receivable within one year | 40/41 | €32,290 | €387,388 | +€355,098 | +1,100% |
| Trade receivables | 40 | €7,290 | €72,388 | +€65,098 | +893% |
| Other amounts receivable | 41 | €25,000 | €315,000 | +€290,000 | +1,160% |
| Cash at bank and in hand | 54/58 | €154,385 | €73,230 | -€81,155 | -52.6% |
| Total equity and liabilities | 10/49 | €276,675 | €550,619 | +€273,943 | +99.0% |
| Equity | 10/15 | €208,334 | €438,447 | +€230,112 | +110% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €143,334 | €373,447 | +€230,112 | +161% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €136,834 | €366,947 | +€230,112 | +168% |
| Amounts payable | 17/49 | €68,341 | €112,172 | +€43,831 | +64.1% |
| Amounts payable within one year | 42/48 | €68,341 | €112,172 | +€43,831 | +64.1% |
| Trade debts | 44 | €268 | €312 | +€44 | +16.5% |
| Suppliers | 440/4 | €268 | €312 | +€44 | +16.5% |
| Taxes, remuneration and social security | 45 | €68,073 | €111,860 | +€43,787 | +64.3% |
| Taxes | 450/3 | €68,073 | €111,860 | +€43,787 | +64.3% |
| Other operating charges | 640/8 | €437 | €528 | +€90 | +20.7% |
| Gross operating margin | 9900 | €203,128 | €331,410 | +€128,282 | +63.2% |
| Operating profit (loss) | 9901 | €202,691 | €330,883 | +€128,192 | +63.2% |
| Financial charges | 65/66B | - | €51 | +€51 | |
| Recurring financial charges | 65 | - | €51 | +€51 | |
| Profit (loss) for the period before taxes | 9903 | €202,691 | €330,831 | +€128,141 | +63.2% |
| Income taxes | 67/77 | €59,356 | €100,719 | +€41,363 | +69.7% |
| Profit (loss) for the period | 9904 | €143,334 | €230,112 | +€86,778 | +60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €143,334 | €230,112 | +€86,778 | +60.5% |
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 15 October 2026 via checked.be.