HERMANS BART: 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 BART
Largest movements
- Receivables within one year -€109,166
down €109,166 (-91.1%), from €119,885 to €10,719
of which Trade receivables: -€74,740
- Cash +€68,239
up €68,239 (+16.1%), from €424,109 to €492,348
mainly Receivables within one year (+€109,166) and Depreciation (+€39,291)
- Tangible fixed assets -€32,610
down €32,610 (-15.7%), from €208,213 to €175,603
of which Furniture and vehicles: -€24,268
- Tax, wage and social debts -€33,585
down €33,585 (-75.6%), from €44,427 to €10,842
of which Taxes: -€28,801
- Reserves -€22,960
down €22,960 (-3.7%), from €623,025 to €600,065
of which Distributable reserves: -€22,960
- Other debts -€11,280
down €11,280 (-20.4%), from €55,280 to €44,000
- Gross operating margin -€157,588
down €157,588 (-66.3%), from €237,528 to €79,941
- Staff costs -€75,559
down €75,559 (-81.7%), from €92,505 to €16,947
- Taxes -€27,087
down €27,087 (-75.3%), from €35,962 to €8,875
- Financial income +€7,291
up €7,291 (+2289.3%), from €318 to €7,609
of which Non-recurring financial income: +€7,193
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 | €756,616 | €681,664 | -€74,952 | -9.9% |
| Fixed assets | 21/28 | €208,213 | €175,603 | -€32,610 | -15.7% |
| Tangible fixed assets | 22/27 | €208,213 | €175,603 | -€32,610 | -15.7% |
| Land and buildings | 22 | €96,000 | €96,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €57,261 | €48,920 | -€8,341 | -14.6% |
| Furniture and vehicles | 24 | €54,952 | €30,683 | -€24,268 | -44.2% |
| Current assets | 29/58 | €548,403 | €506,061 | -€42,342 | -7.7% |
| Amounts receivable within one year | 40/41 | €119,885 | €10,719 | -€109,166 | -91.1% |
| Trade receivables | 40 | €78,457 | €3,717 | -€74,740 | -95.3% |
| Other amounts receivable | 41 | €41,428 | €7,002 | -€34,426 | -83.1% |
| Cash at bank and in hand | 54/58 | €424,109 | €492,348 | +€68,239 | +16.1% |
| Deferred charges and accrued income | 490/1 | €4,409 | €2,994 | -€1,415 | -32.1% |
| Total equity and liabilities | 10/49 | €756,616 | €681,664 | -€74,952 | -9.9% |
| Equity | 10/15 | €641,625 | €618,667 | -€22,958 | -3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €623,025 | €600,065 | -€22,960 | -3.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €621,165 | €598,205 | -€22,960 | -3.7% |
| Profit (loss) carried forward | 14 | €0 | €2 | +€2 | +324.5% |
| Amounts payable | 17/49 | €114,990 | €62,997 | -€51,993 | -45.2% |
| Amounts payable within one year | 42/48 | €114,990 | €62,997 | -€51,993 | -45.2% |
| Trade debts | 44 | €15,283 | €8,155 | -€7,128 | -46.6% |
| Suppliers | 440/4 | €15,283 | €8,155 | -€7,128 | -46.6% |
| Taxes, remuneration and social security | 45 | €44,427 | €10,842 | -€33,585 | -75.6% |
| Taxes | 450/3 | €37,676 | €8,875 | -€28,801 | -76.4% |
| Remuneration and social security | 454/9 | €6,750 | €1,967 | -€4,784 | -70.9% |
| Other amounts payable | 47/48 | €55,280 | €44,000 | -€11,280 | -20.4% |
| Remuneration, social security and pensions | 62 | €92,505 | €16,947 | -€75,559 | -81.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,652 | €39,291 | +€639 | +1.7% |
| Other operating charges | 640/8 | €1,971 | €1,349 | -€623 | -31.6% |
| Gross operating margin | 9900 | €237,528 | €79,941 | -€157,588 | -66.3% |
| Operating profit (loss) | 9901 | €104,400 | €22,354 | -€82,046 | -78.6% |
| Financial income | 75/76B | €318 | €7,609 | +€7,291 | +2289.3% |
| Recurring financial income | 75 | €318 | €416 | +€98 | +30.6% |
| Non-recurring financial income | 76B | - | €7,193 | +€7,193 | |
| Financial charges | 65/66B | €712 | €47 | -€665 | -93.4% |
| Recurring financial charges | 65 | €712 | €47 | -€665 | -93.4% |
| Profit (loss) for the period before taxes | 9903 | €104,006 | €29,917 | -€74,089 | -71.2% |
| Income taxes | 67/77 | €35,962 | €8,875 | -€27,087 | -75.3% |
| Profit (loss) for the period | 9904 | €68,044 | €21,042 | -€47,003 | -69.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,044 | €21,042 | -€47,003 | -69.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.