Hermann & Co: 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.
Hermann & Co
Largest movements
- Receivables within one year +€21,011
up €21,011 (+84.1%), from €24,989 to €46,000
of which Trade receivables: +€23,200
- Cash +€4,436
up €4,436 (+34.6%), from €12,828 to €17,264
mainly Net result for the year (+€24,470) and Other debts (+€16,775)
- Deferred charges and accrued income +€4,241
up €4,241 (+567%), from €749 to €4,990
- Tangible fixed assets -€1,748
down €1,748 (-34.2%), from €5,113 to €3,365
- Other debts +€16,775
up €16,775 (+221%), from €7,607 to €24,382
- Profit (loss) carried forward +€9,470
up €9,470 (+55.1%), from €17,180 to €26,650
- Tax, wage and social debts +€9,076
up €9,076 (+128%), from €7,101 to €16,177
- Trade debts -€5,876
down €5,876 (-92.4%), from €6,362 to €486
- Short-term financial debts -€1,504
no longer reported in 2025 (was €1,504)
- Gross operating margin +€35,543
up €35,543 (+887%), from €4,006 to €39,549
- Taxes +€15,317
up €15,317, from -€3,819 to €11,498
- Staff costs -€2,150
no longer reported in 2025 (was €2,150)
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 | €43,755 | €71,695 | +€27,940 | +63.9% |
| Fixed assets | 21/28 | €5,189 | €3,441 | -€1,748 | -33.7% |
| Tangible fixed assets | 22/27 | €5,113 | €3,365 | -€1,748 | -34.2% |
| Furniture and vehicles | 24 | €5,113 | €3,365 | -€1,748 | -34.2% |
| Financial fixed assets | 28 | €76 | €76 | -€0 | -0.6% |
| Current assets | 29/58 | €38,565 | €68,254 | +€29,689 | +77.0% |
| Amounts receivable within one year | 40/41 | €24,989 | €46,000 | +€21,011 | +84.1% |
| Trade receivables | 40 | €20,800 | €44,000 | +€23,200 | +112% |
| Other amounts receivable | 41 | €4,189 | €2,000 | -€2,189 | -52.3% |
| Cash at bank and in hand | 54/58 | €12,828 | €17,264 | +€4,436 | +34.6% |
| Deferred charges and accrued income | 490/1 | €749 | €4,990 | +€4,241 | +567% |
| Total equity and liabilities | 10/49 | €43,755 | €71,695 | +€27,940 | +63.9% |
| Equity | 10/15 | €21,180 | €30,650 | +€9,470 | +44.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,180 | €26,650 | +€9,470 | +55.1% |
| Amounts payable | 17/49 | €22,575 | €41,045 | +€18,470 | +81.8% |
| Amounts payable within one year | 42/48 | €22,575 | €41,045 | +€18,470 | +81.8% |
| Financial debts | 43 | €1,504 | - | -€1,504 | |
| Other loans | 439 | €1,504 | - | -€1,504 | |
| Trade debts | 44 | €6,362 | €486 | -€5,876 | -92.4% |
| Suppliers | 440/4 | €6,362 | €486 | -€5,876 | -92.4% |
| Taxes, remuneration and social security | 45 | €7,101 | €16,177 | +€9,076 | +128% |
| Taxes | 450/3 | €7,101 | €16,177 | +€9,076 | +128% |
| Other amounts payable | 47/48 | €7,607 | €24,382 | +€16,775 | +221% |
| Non-recurring operating income | 76A | €1,282 | €7,877 | +€6,595 | +514% |
| Remuneration, social security and pensions | 62 | €2,150 | - | -€2,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,923 | €2,958 | +€35 | +1.2% |
| Other operating charges | 640/8 | €816 | €602 | -€214 | -26.2% |
| Gross operating margin | 9900 | €4,006 | €39,549 | +€35,543 | +887% |
| Operating profit (loss) | 9901 | -€1,883 | €35,989 | +€37,872 | |
| Financial charges | 65/66B | €135 | €21 | -€114 | -84.4% |
| Recurring financial charges | 65 | €135 | €21 | -€114 | -84.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,018 | €35,968 | +€37,986 | |
| Income taxes | 67/77 | -€3,819 | €11,498 | +€15,317 | |
| Profit (loss) for the period | 9904 | €1,801 | €24,470 | +€22,669 | +1,259% |
| Profit (loss) for the period to be appropriated | 9905 | €1,801 | €24,470 | +€22,669 | +1,259% |
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.