Hermans: 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.
Hermans
Largest movements
- Current investments -€14,070
down €14,070 (-45.2%), from €31,155 to €17,085
- Receivables within one year +€4,634
up €4,634 (+12.0%), from €38,645 to €43,279
of which Trade receivables: +€11,612
- Trade debts -€8,322
down €8,322 (-89.8%), from €9,263 to €941
- Gross operating margin -€138,912
down €138,912 (-94.1%), from €147,575 to €8,663
- Financial charges -€50,167
down €50,167 (-98.4%), from €50,980 to €813
of which Non-recurring financial charges: -€49,560
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €161,613 | €152,177 | -€9,436 | -5.8% |
| Fixed assets | 21/28 | €91,813 | €91,813 | = | 0.0% |
| Tangible fixed assets | 22/27 | €83,704 | €83,704 | = | 0.0% |
| Land and buildings | 22 | €83,704 | €83,704 | = | 0.0% |
| Financial fixed assets | 28 | €8,109 | €8,109 | = | 0.0% |
| Current assets | 29/58 | €69,800 | €60,364 | -€9,436 | -13.5% |
| Amounts receivable within one year | 40/41 | €38,645 | €43,279 | +€4,634 | +12.0% |
| Trade receivables | 40 | €19,999 | €31,611 | +€11,612 | +58.1% |
| Other amounts receivable | 41 | €18,646 | €11,668 | -€6,978 | -37.4% |
| Current investments | 50/53 | €31,155 | €17,085 | -€14,070 | -45.2% |
| Total equity and liabilities | 10/49 | €161,613 | €152,177 | -€9,436 | -5.8% |
| Equity | 10/15 | €152,350 | €151,236 | -€1,114 | -0.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €7,598 | €7,598 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,499 | €4,499 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,752 | €81,638 | -€1,114 | -1.3% |
| Amounts payable | 17/49 | €9,263 | €941 | -€8,322 | -89.8% |
| Amounts payable within one year | 42/48 | €9,263 | €941 | -€8,322 | -89.8% |
| Trade debts | 44 | €9,263 | €941 | -€8,322 | -89.8% |
| Suppliers | 440/4 | €9,263 | €941 | -€8,322 | -89.8% |
| Non-recurring operating income | 76A | €140,000 | €9,000 | -€131,000 | -93.6% |
| Other operating charges | 640/8 | €1,398 | €164 | -€1,234 | -88.3% |
| Non-recurring operating charges | 66A | - | €8,800 | +€8,800 | |
| Gross operating margin | 9900 | €147,575 | €8,663 | -€138,912 | -94.1% |
| Operating profit (loss) | 9901 | €146,177 | -€301 | -€146,478 | |
| Financial charges | 65/66B | €50,980 | €813 | -€50,167 | -98.4% |
| Recurring financial charges | 65 | €1,420 | €813 | -€607 | -42.7% |
| Non-recurring financial charges | 66B | €49,560 | - | -€49,560 | |
| Profit (loss) for the period before taxes | 9903 | €95,197 | -€1,114 | -€96,311 | |
| Profit (loss) for the period | 9904 | €95,197 | -€1,114 | -€96,311 | |
| Profit (loss) for the period to be appropriated | 9905 | €95,197 | -€1,114 | -€96,311 |
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 9 October 2026 via checked.be.