Hermann Sylvain: what changed
What changed
Hermann Sylvain
NACE 28.120, Manufacture of machinery and equipment not elsewhere classified
filed annual accounts (NBB)
Net result for the year
€44,346
2024 · €47,511-€3,165
Equity
€475,772
2024 · €461,425+€14,346
Cash
€207,065
2024 · €44,088+€162,977
Balance sheet total
€1.2m
2024 · €1.4m-€219,881
Largest movements
Assets
- Receivables within one year -€290,619
down €290,619 (-62.9%), from €461,701 to €171,082
of which Trade receivables: -€252,956
- Cash +€162,977
up €162,977 (+370%), from €44,088 to €207,065
mainly Receivables within one year (+€290,619) and Depreciation (+€144,201)
- Tangible fixed assets -€58,328
down €58,328 (-10.8%), from €538,816 to €480,487
of which Plant, machinery and equipment: -€36,481
- Stocks and contracts -€34,661
down €34,661 (-9.7%), from €356,966 to €322,305
of which Contracts in progress: -€60,904
Equity and liabilities
- Trade debts -€220,249
down €220,249 (-40.9%), from €538,596 to €318,347
- Short-term financial debts -€45,000
down €45,000 (-31.0%), from €145,000 to €100,000
- Other debts +€28,050
new in 2025: €28,050
- Profit (loss) carried forward +€14,346
up €14,346 (+4.4%), from €329,628 to €343,974
Income statement
- Gross operating margin -€49,362
down €49,362 (-12.5%), from €394,085 to €344,723
- Staff costs -€15,796
down €15,796 (-13.1%), from €120,988 to €105,192
- Depreciation -€14,216
down €14,216 (-9.0%), from €158,417 to €144,201
- Taxes -€6,925
down €6,925 (-33.5%), from €20,683 to €13,758
- Financial charges -€5,900
down €5,900 (-17.0%), from €34,783 to €28,883
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
€47,511
Gross operating margin
-€49,362
Staff costs
+€15,796
Depreciation
+€14,216
Other operating charges
+€3,274
Financial income
+€86
Financial charges
+€5,900
Taxes
+€6,925
Result 2025
€44,346
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
+€329,363
Investment
-€85,873
Financing
-€80,514
Cash 2024
€44,088
From operations (derived)
+€329,363
Net result for the year
+€44,346
Depreciation
+€144,201
Stocks and contracts
+€34,661
Receivables within one year
+€290,619
Deferred charges and accrued income
-€750
Trade debts
-€220,249
Tax, wage and social debts
-€5,258
Other debts
+€28,050
Accrued charges and deferred income
+€13,743
Investment (derived)
-€85,873
Investment in fixed assets (net)
-€85,873
Financing
-€80,514
Debts after one year
+€1,782
Current portion of long-term debt
-€7,296
Short-term financial debts
-€45,000
Contributions, distributions and other
-€30,000
Cash 2025
€207,065
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,418,361 | €1,198,480 | -€219,881 | -15.5% |
| Fixed assets | 21/28 | €538,866 | €480,537 | -€58,328 | -10.8% |
| Tangible fixed assets | 22/27 | €538,816 | €480,487 | -€58,328 | -10.8% |
| Land and buildings | 22 | €269,877 | €239,939 | -€29,938 | -11.1% |
| Plant, machinery and equipment | 23 | €125,075 | €88,593 | -€36,481 | -29.2% |
| Furniture and vehicles | 24 | €40,840 | €22,950 | -€17,890 | -43.8% |
| Leasing and similar rights | 25 | €103,024 | €129,005 | +€25,981 | +25.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €879,495 | €717,943 | -€161,553 | -18.4% |
| Stocks and contracts in progress | 3 | €356,966 | €322,305 | -€34,661 | -9.7% |
| Stocks | 30/36 | €296,061 | €322,305 | +€26,244 | +8.9% |
| Contracts in progress | 37 | €60,904 | - | -€60,904 | |
| Amounts receivable within one year | 40/41 | €461,701 | €171,082 | -€290,619 | -62.9% |
| Trade receivables | 40 | €392,794 | €139,837 | -€252,956 | -64.4% |
| Other amounts receivable | 41 | €68,907 | €31,245 | -€37,663 | -54.7% |
| Cash at bank and in hand | 54/58 | €44,088 | €207,065 | +€162,977 | +370% |
| Deferred charges and accrued income | 490/1 | €16,741 | €17,490 | +€750 | +4.5% |
| Total equity and liabilities | 10/49 | €1,418,361 | €1,198,480 | -€219,881 | -15.5% |
| Equity | 10/15 | €461,425 | €475,772 | +€14,346 | +3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €113,197 | €113,197 | = | 0.0% |
| Distributable reserves | 133 | €113,197 | €113,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €329,628 | €343,974 | +€14,346 | +4.4% |
| Amounts payable | 17/49 | €956,936 | €722,708 | -€234,227 | -24.5% |
| Amounts payable after more than one year | 17 | €162,427 | €164,209 | +€1,782 | +1.1% |
| Financial debts | 170/4 | €162,427 | €164,209 | +€1,782 | +1.1% |
| Amounts payable within one year | 42/48 | €794,036 | €544,284 | -€249,753 | -31.5% |
| Current portion of amounts payable after more than one year | 42 | €89,319 | €82,024 | -€7,296 | -8.2% |
| Financial debts | 43 | €145,000 | €100,000 | -€45,000 | -31.0% |
| Credit institutions | 430/8 | €145,000 | €100,000 | -€45,000 | -31.0% |
| Trade debts | 44 | €538,596 | €318,347 | -€220,249 | -40.9% |
| Suppliers | 440/4 | €538,596 | €318,347 | -€220,249 | -40.9% |
| Taxes, remuneration and social security | 45 | €21,121 | €15,864 | -€5,258 | -24.9% |
| Taxes | 450/3 | €11,672 | €8,154 | -€3,518 | -30.1% |
| Remuneration and social security | 454/9 | €9,449 | €7,710 | -€1,740 | -18.4% |
| Other amounts payable | 47/48 | - | €28,050 | +€28,050 | |
| Accrued charges and deferred income | 492/3 | €473 | €14,216 | +€13,743 | +2,905% |
| Remuneration, social security and pensions | 62 | €120,988 | €105,192 | -€15,796 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,417 | €144,201 | -€14,216 | -9.0% |
| Other operating charges | 640/8 | €11,703 | €8,429 | -€3,274 | -28.0% |
| Gross operating margin | 9900 | €394,085 | €344,723 | -€49,362 | -12.5% |
| Operating profit (loss) | 9901 | €102,978 | €86,902 | -€16,076 | -15.6% |
| Financial income | 75/76B | €0 | €86 | +€86 | +107,725% |
| Recurring financial income | 75 | €0 | €86 | +€86 | +107,725% |
| Financial charges | 65/66B | €34,783 | €28,883 | -€5,900 | -17.0% |
| Recurring financial charges | 65 | €34,783 | €28,883 | -€5,900 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €68,194 | €58,105 | -€10,090 | -14.8% |
| Income taxes | 67/77 | €20,683 | €13,758 | -€6,925 | -33.5% |
| Profit (loss) for the period | 9904 | €47,511 | €44,346 | -€3,165 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,511 | €44,346 | -€3,165 | -6.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.