Hermans - Brems & Co: what changed
What changed
Hermans - Brems & Co
NACE 46.720, Wholesale of motor vehicle parts and accessories
filed annual accounts (NBB)
Net result for the year
€353,372
2024 · €389,790-€36,418
Equity
€1.3m
2024 · €944,027+€353,372
Cash
€520,846
2024 · €748,342-€227,496
Balance sheet total
€1.6m
2024 · €2.3m-€685,788
Largest movements
Assets
- Receivables within one year -€370,421
down €370,421 (-34.4%), from €1.1m to €707,686
of which Other amounts receivable: -€333,480
- Cash -€227,496
down €227,496 (-30.4%), from €748,342 to €520,846
mainly Other debts (-€920,000) and Tax, wage and social debts (-€127,290)
- Stocks and contracts -€66,410
down €66,410 (-17.6%), from €376,329 to €309,920
- Deferred charges and accrued income -€26,625
down €26,625 (-99.0%), from €26,908 to €282
Equity and liabilities
- Other debts -€920,000
down €920,000 (-100.0%), from €920,392 to €392
- Reserves +€353,372
up €353,372 (+43.1%), from €820,080 to €1.2m
of which Distributable reserves: +€353,372
- Tax, wage and social debts -€127,290
down €127,290 (-65.0%), from €195,860 to €68,570
of which Taxes: -€126,420
Income statement
- Gross operating margin -€90,388
down €90,388 (-11.2%), from €807,243 to €716,855
- Staff costs -€13,455
down €13,455 (-4.8%), from €282,385 to €268,930
- Taxes -€12,578
down €12,578 (-9.7%), from €129,750 to €117,172
- Depreciation -€11,124
down €11,124 (-59.5%), from €18,682 to €7,558
- Financial income +€10,091
up €10,091 (+36.0%), from €28,068 to €38,159
of which Financial income: +€28,166
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
€389,790
Gross operating margin
-€90,388
Staff costs
+€13,455
Depreciation
+€11,124
Other operating charges
+€1,604
Financial income
+€10,091
Financial charges
+€5,797
Taxes
+€12,578
Deferred taxes and other
-€679
Result 2025
€353,372
raises the resultlowers the resultnot broken down further in the accounts
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
-€212,871
Investment
-€12,723
Financing
-€1,903
Cash 2024
€748,342
From operations (derived)
-€212,871
Net result for the year
+€353,372
Depreciation
+€7,558
Stocks and contracts
+€66,410
Receivables within one year
+€370,421
Deferred charges and accrued income
+€26,625
Trade debts
+€15,283
Tax, wage and social debts
-€127,290
Other debts
-€920,000
Accrued charges and deferred income
-€5,249
Investment (derived)
-€12,723
Investment in fixed assets (net)
-€12,723
Financing
-€1,903
Current portion of long-term debt
-€1,903
Cash 2025
€520,846
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,258,145 | €1,572,357 | -€685,788 | -30.4% |
| Fixed assets | 21/28 | €28,459 | €33,624 | +€5,164 | +18.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €28,459 | €33,624 | +€5,164 | +18.1% |
| Plant, machinery and equipment | 23 | - | €3,795 | +€3,795 | |
| Furniture and vehicles | 24 | €3,478 | €9,967 | +€6,489 | +187% |
| Other tangible fixed assets | 26 | €24,982 | €19,862 | -€5,119 | -20.5% |
| Current assets | 29/58 | €2,229,685 | €1,538,734 | -€690,952 | -31.0% |
| Stocks and contracts in progress | 3 | €376,329 | €309,920 | -€66,410 | -17.6% |
| Stocks | 30/36 | €376,329 | €309,920 | -€66,410 | -17.6% |
| Amounts receivable within one year | 40/41 | €1,078,107 | €707,686 | -€370,421 | -34.4% |
| Trade receivables | 40 | €470,095 | €433,155 | -€36,941 | -7.9% |
| Other amounts receivable | 41 | €608,011 | €274,531 | -€333,480 | -54.8% |
| Cash at bank and in hand | 54/58 | €748,342 | €520,846 | -€227,496 | -30.4% |
| Deferred charges and accrued income | 490/1 | €26,908 | €282 | -€26,625 | -99.0% |
| Total equity and liabilities | 10/49 | €2,258,145 | €1,572,357 | -€685,788 | -30.4% |
| Equity | 10/15 | €944,027 | €1,297,399 | +€353,372 | +37.4% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €820,080 | €1,173,452 | +€353,372 | +43.1% |
| Non-distributable reserves | 130/1 | €21,071 | €21,071 | = | 0.0% |
| Legal reserve | 130 | €21,071 | €21,071 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,000 | €56,000 | = | 0.0% |
| Distributable reserves | 133 | €743,009 | €1,096,381 | +€353,372 | +47.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,314,118 | €274,958 | -€1.0m | -79.1% |
| Amounts payable within one year | 42/48 | €1,308,869 | €274,958 | -€1.0m | -79.0% |
| Current portion of amounts payable after more than one year | 42 | €42,238 | €40,336 | -€1,903 | -4.5% |
| Trade debts | 44 | €150,378 | €165,660 | +€15,283 | +10.2% |
| Suppliers | 440/4 | €150,378 | €165,660 | +€15,283 | +10.2% |
| Taxes, remuneration and social security | 45 | €195,860 | €68,570 | -€127,290 | -65.0% |
| Taxes | 450/3 | €143,362 | €16,942 | -€126,420 | -88.2% |
| Remuneration and social security | 454/9 | €52,498 | €51,628 | -€870 | -1.7% |
| Other amounts payable | 47/48 | €920,392 | €392 | -€920,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €5,249 | €0 | -€5,249 | -100% |
| Remuneration, social security and pensions | 62 | €282,385 | €268,930 | -€13,455 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,682 | €7,558 | -€11,124 | -59.5% |
| Other operating charges | 640/8 | €2,474 | €870 | -€1,604 | -64.8% |
| Gross operating margin | 9900 | €807,243 | €716,855 | -€90,388 | -11.2% |
| Operating profit (loss) | 9901 | €503,702 | €439,497 | -€64,205 | -12.7% |
| Financial income | 75/76B | €28,068 | €38,159 | +€10,091 | +36.0% |
| Recurring financial income | 75 | €9,993 | €38,159 | +€28,166 | +282% |
| Non-recurring financial income | 76B | €18,075 | - | -€18,075 | |
| Financial charges | 65/66B | €12,909 | €7,112 | -€5,797 | -44.9% |
| Recurring financial charges | 65 | €12,909 | €7,112 | -€5,797 | -44.9% |
| Profit (loss) for the period before taxes | 9903 | €518,861 | €470,544 | -€48,317 | -9.3% |
| Transfer from deferred taxes | 780 | €679 | €0 | -€679 | -100% |
| Income taxes | 67/77 | €129,750 | €117,172 | -€12,578 | -9.7% |
| Profit (loss) for the period | 9904 | €389,790 | €353,372 | -€36,418 | -9.3% |
| Transfer from tax-exempt reserves | 789 | €2,036 | €0 | -€2,036 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €391,826 | €353,372 | -€38,454 | -9.8% |
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 3 November 2026 via checked.be.