HermAnn: 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.
HermAnn
Largest movements
- Receivables after one year -€32,099
no longer reported in 2025 (was €32,099)
- Tangible fixed assets +€27,569
up €27,569 (+114.9%), from €24,001 to €51,570
of which Furniture and vehicles: +€25,035
- Intangible fixed assets +€25,936
new in 2025: €25,936
- Cash +€5,934
up €5,934 (+43.9%), from €13,514 to €19,449
mainly Receivables after one year (+€32,099) and Advances received (+€26,347)
- Receivables within one year +€4,064
up €4,064 (+11.9%), from €34,265 to €38,329
of which Other amounts receivable: +€12,644
- Advances received +€26,347
new in 2025: €26,347
- Debts after one year +€16,135
new in 2025: €16,135
- Tax, wage and social debts -€13,003
down €13,003 (-47.0%), from €27,641 to €14,638
of which Remuneration and social security: -€9,988
- Reserves +€4,324
up €4,324 (+13.5%), from €31,962 to €36,287
of which Distributable reserves: +€6,324
- Trade debts -€1,989
down €1,989 (-25.0%), from €7,962 to €5,973
- Gross operating margin +€7,303
up €7,303 (+52.5%), from €13,902 to €21,206
- Depreciation +€6,038
up €6,038 (+154.0%), from €3,921 to €9,959
- Other operating charges +€1,247
up €1,247 (+165.9%), from €751 to €1,998
- Taxes +€848
up €848 (+28.6%), from €2,962 to €3,810
- Financial charges +€332
up €332 (+40.5%), from €822 to €1,154
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 | €103,878 | €135,283 | +€31,405 | +30.2% |
| Fixed assets | 21/28 | €24,001 | €77,506 | +€53,505 | +222.9% |
| Intangible fixed assets | 21 | - | €25,936 | +€25,936 | |
| Tangible fixed assets | 22/27 | €24,001 | €51,570 | +€27,569 | +114.9% |
| Land and buildings | 22 | €17,471 | €15,186 | -€2,285 | -13.1% |
| Plant, machinery and equipment | 23 | - | €4,818 | +€4,818 | |
| Furniture and vehicles | 24 | €6,529 | €31,565 | +€25,035 | +383.4% |
| Current assets | 29/58 | €79,878 | €57,777 | -€22,100 | -27.7% |
| Amounts receivable after more than one year | 29 | €32,099 | - | -€32,099 | |
| Other amounts receivable | 291 | €32,099 | - | -€32,099 | |
| Amounts receivable within one year | 40/41 | €34,265 | €38,329 | +€4,064 | +11.9% |
| Trade receivables | 40 | €33,680 | €25,100 | -€8,580 | -25.5% |
| Other amounts receivable | 41 | €585 | €13,229 | +€12,644 | +2161.9% |
| Cash at bank and in hand | 54/58 | €13,514 | €19,449 | +€5,934 | +43.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €103,878 | €135,283 | +€31,405 | +30.2% |
| Equity | 10/15 | €51,962 | €56,287 | +€4,324 | +8.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €31,962 | €36,287 | +€4,324 | +13.5% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | €29,962 | €36,287 | +€6,324 | +21.1% |
| Amounts payable | 17/49 | €51,916 | €78,997 | +€27,081 | +52.2% |
| Amounts payable after more than one year | 17 | - | €16,135 | +€16,135 | |
| Financial debts | 170/4 | - | €16,135 | +€16,135 | |
| Amounts payable within one year | 42/48 | €51,916 | €62,862 | +€10,946 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | - | €1,674 | +€1,674 | |
| Financial debts | 43 | €1,134 | €837 | -€296 | -26.1% |
| Credit institutions | 430/8 | €1,134 | €837 | -€296 | -26.1% |
| Trade debts | 44 | €7,962 | €5,973 | -€1,989 | -25.0% |
| Suppliers | 440/4 | €7,962 | €5,973 | -€1,989 | -25.0% |
| Advances received on contracts in progress | 46 | - | €26,347 | +€26,347 | |
| Taxes, remuneration and social security | 45 | €27,641 | €14,638 | -€13,003 | -47.0% |
| Taxes | 450/3 | €17,654 | €14,638 | -€3,016 | -17.1% |
| Remuneration and social security | 454/9 | €9,988 | - | -€9,988 | |
| Other amounts payable | 47/48 | €15,179 | €13,393 | -€1,786 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,921 | €9,959 | +€6,038 | +154.0% |
| Other operating charges | 640/8 | €751 | €1,998 | +€1,247 | +165.9% |
| Gross operating margin | 9900 | €13,902 | €21,206 | +€7,303 | +52.5% |
| Operating profit (loss) | 9901 | €9,230 | €9,248 | +€19 | +0.2% |
| Financial income | 75/76B | €60 | €40 | -€21 | -34.6% |
| Recurring financial income | 75 | €60 | €40 | -€21 | -34.6% |
| Financial charges | 65/66B | €822 | €1,154 | +€332 | +40.5% |
| Recurring financial charges | 65 | €822 | €1,154 | +€332 | +40.5% |
| Profit (loss) for the period before taxes | 9903 | €8,469 | €8,134 | -€335 | -4.0% |
| Income taxes | 67/77 | €2,962 | €3,810 | +€848 | +28.6% |
| Profit (loss) for the period | 9904 | €5,507 | €4,324 | -€1,183 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,507 | €4,324 | -€1,183 | -21.5% |
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 8 October 2026 via checked.be.