HERMANN R & S: what changed
What changed
HERMANN R & S
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
-€71,345
2024 · €37,020-€108,364
Equity
€238,932
2024 · €308,975-€70,043
Cash
€73,285
2024 · €70,901+€2,383
Balance sheet total
€895,716
2024 · €992,860-€97,145
Largest movements
Assets
- Receivables within one year -€77,595
down €77,595 (-73.7%), from €105,250 to €27,656
of which Trade receivables: -€77,415
- Stocks and contracts -€18,721
down €18,721 (-62.2%), from €30,081 to €11,359
Equity and liabilities
- Trade debts -€92,320
down €92,320 (-67.3%), from €137,171 to €44,850
- Profit (loss) carried forward -€71,345
down €71,345, from €54,855 to -€16,489
- Debts after one year +€57,527
up €57,527 (+13.8%), from €418,344 to €475,870
- Current portion of long-term debt +€22,953
up €22,953 (+23.6%), from €97,293 to €120,246
- Other debts -€16,556
down €16,556 (-82.8%), from €20,000 to €3,444
Income statement
- Gross operating margin -€124,712
down €124,712 (-33.9%), from €368,289 to €243,577
- Depreciation -€12,577
down €12,577 (-7.7%), from €164,398 to €151,821
- Taxes -€9,472
down €9,472 (-87.7%), from €10,797 to €1,325
- Staff costs +€9,437
up €9,437 (+6.9%), from €135,867 to €145,304
- Financial income +€5,375
up €5,375 (+80.1%), from €6,710 to €12,085
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€37,020
Gross operating margin
-€124,712
Staff costs
-€9,437
Depreciation
+€12,577
Other operating charges
-€850
Financial income
+€5,375
Financial charges
-€790
Taxes
+€9,472
Result 2025
-€71,345
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€73,617
Investment
-€153,016
Financing
+€81,782
Cash 2024
€70,901
From operations (derived)
+€73,617
Net result for the year
-€71,345
Depreciation
+€151,821
Stocks and contracts
+€18,721
Receivables within one year
+€77,595
Deferred charges and accrued income
+€4,407
Trade debts
-€92,320
Tax, wage and social debts
+€1,294
Other debts
-€16,556
Investment (derived)
-€153,016
Investment in fixed assets (net)
-€153,016
Financing
+€81,782
Debts after one year
+€57,527
Current portion of long-term debt
+€22,953
Contributions, distributions and other
+€1,302
Cash 2025
€73,285
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €992,860 | €895,716 | -€97,145 | -9.8% |
| Fixed assets | 21/28 | €766,028 | €767,223 | +€1,195 | +0.2% |
| Tangible fixed assets | 22/27 | €766,028 | €767,223 | +€1,195 | +0.2% |
| Land and buildings | 22 | €397,644 | €380,560 | -€17,084 | -4.3% |
| Plant, machinery and equipment | 23 | €34,986 | €34,867 | -€119 | -0.3% |
| Furniture and vehicles | 24 | €218,375 | €73,055 | -€145,320 | -66.5% |
| Leasing and similar rights | 25 | €115,022 | €278,741 | +€163,719 | +142% |
| Current assets | 29/58 | €226,832 | €128,492 | -€98,340 | -43.4% |
| Stocks and contracts in progress | 3 | €30,081 | €11,359 | -€18,721 | -62.2% |
| Contracts in progress | 37 | €30,081 | €11,359 | -€18,721 | -62.2% |
| Amounts receivable within one year | 40/41 | €105,250 | €27,656 | -€77,595 | -73.7% |
| Trade receivables | 40 | €85,396 | €7,980 | -€77,415 | -90.7% |
| Other amounts receivable | 41 | €19,854 | €19,675 | -€179 | -0.9% |
| Cash at bank and in hand | 54/58 | €70,901 | €73,285 | +€2,383 | +3.4% |
| Deferred charges and accrued income | 490/1 | €20,600 | €16,193 | -€4,407 | -21.4% |
| Total equity and liabilities | 10/49 | €992,860 | €895,716 | -€97,145 | -9.8% |
| Equity | 10/15 | €308,975 | €238,932 | -€70,043 | -22.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €219,117 | €219,117 | = | 0.0% |
| Distributable reserves | 133 | €219,117 | €219,117 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,855 | -€16,489 | -€71,345 | |
| Investment grants | 15 | €22,503 | €23,805 | +€1,302 | +5.8% |
| Amounts payable | 17/49 | €683,886 | €656,784 | -€27,102 | -4.0% |
| Amounts payable after more than one year | 17 | €418,344 | €475,870 | +€57,527 | +13.8% |
| Financial debts | 170/4 | €418,344 | €475,870 | +€57,527 | +13.8% |
| Amounts payable within one year | 42/48 | €265,542 | €180,913 | -€84,629 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €97,293 | €120,246 | +€22,953 | +23.6% |
| Trade debts | 44 | €137,171 | €44,850 | -€92,320 | -67.3% |
| Suppliers | 440/4 | €137,171 | €44,850 | -€92,320 | -67.3% |
| Taxes, remuneration and social security | 45 | €11,078 | €12,372 | +€1,294 | +11.7% |
| Taxes | 450/3 | €2,627 | €5,042 | +€2,415 | +91.9% |
| Remuneration and social security | 454/9 | €8,451 | €7,330 | -€1,121 | -13.3% |
| Other amounts payable | 47/48 | €20,000 | €3,444 | -€16,556 | -82.8% |
| Non-recurring operating income | 76A | €78,000 | €3,095 | -€74,905 | -96.0% |
| Remuneration, social security and pensions | 62 | €135,867 | €145,304 | +€9,437 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164,398 | €151,821 | -€12,577 | -7.7% |
| Other operating charges | 640/8 | €8,264 | €9,114 | +€850 | +10.3% |
| Gross operating margin | 9900 | €368,289 | €243,577 | -€124,712 | -33.9% |
| Operating profit (loss) | 9901 | €59,760 | -€62,662 | -€122,422 | |
| Financial income | 75/76B | €6,710 | €12,085 | +€5,375 | +80.1% |
| Recurring financial income | 75 | €6,710 | €12,085 | +€5,375 | +80.1% |
| Financial charges | 65/66B | €18,653 | €19,443 | +€790 | +4.2% |
| Recurring financial charges | 65 | €18,653 | €19,443 | +€790 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €47,817 | -€70,020 | -€117,837 | |
| Income taxes | 67/77 | €10,797 | €1,325 | -€9,472 | -87.7% |
| Profit (loss) for the period | 9904 | €37,020 | -€71,345 | -€108,364 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,020 | -€71,345 | -€108,364 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.