HERMANS EDDY: 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 EDDY
Largest movements
- Cash -€41,310
down €41,310 (-40.1%), from €103,127 to €61,817
mainly Contributions, distributions and other (-€166,306) and Investment in fixed assets (net) (-€68,729)
- Tangible fixed assets +€38,172
up €38,172 (+6.7%), from €570,693 to €608,865
of which Land and buildings: +€46,163
- Receivables within one year -€16,647
down €16,647 (-10.9%), from €152,523 to €135,876
of which Trade receivables: -€59,613
- Other debts +€132,522
up €132,522 (+1,410%), from €9,400 to €141,923
- Reserves -€92,837
down €92,837 (-14.0%), from €662,413 to €569,576
- Tax, wage and social debts -€40,081
down €40,081 (-51.2%), from €78,323 to €38,241
- Debts after one year -€14,759
down €14,759 (-23.6%), from €62,571 to €47,813
- Gross operating margin -€82,403
down €82,403 (-37.1%), from €221,932 to €139,528
- Taxes -€30,282
down €30,282 (-49.8%), from €60,805 to €30,523
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.
Derived cash bridge
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 | €845,624 | €826,451 | -€19,173 | -2.3% |
| Fixed assets | 21/28 | €570,828 | €608,999 | +€38,172 | +6.7% |
| Tangible fixed assets | 22/27 | €570,693 | €608,865 | +€38,172 | +6.7% |
| Land and buildings | 22 | €557,582 | €603,745 | +€46,163 | +8.3% |
| Plant, machinery and equipment | 23 | €1,454 | €886 | -€568 | -39.0% |
| Furniture and vehicles | 24 | €11,656 | €4,233 | -€7,424 | -63.7% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €274,796 | €217,452 | -€57,344 | -20.9% |
| Amounts receivable within one year | 40/41 | €152,523 | €135,876 | -€16,647 | -10.9% |
| Trade receivables | 40 | €152,326 | €92,712 | -€59,613 | -39.1% |
| Other amounts receivable | 41 | €197 | €43,163 | +€42,966 | +21,785% |
| Current investments | 50/53 | €17,021 | €17,021 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €103,127 | €61,817 | -€41,310 | -40.1% |
| Deferred charges and accrued income | 490/1 | €2,125 | €2,738 | +€613 | +28.8% |
| Total equity and liabilities | 10/49 | €845,624 | €826,451 | -€19,173 | -2.3% |
| Equity | 10/15 | €668,613 | €575,776 | -€92,837 | -13.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €662,413 | €569,576 | -€92,837 | -14.0% |
| Distributable reserves | 133 | €662,413 | €569,576 | -€92,837 | -14.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €177,011 | €250,675 | +€73,664 | +41.6% |
| Amounts payable after more than one year | 17 | €62,571 | €47,813 | -€14,759 | -23.6% |
| Financial debts | 170/4 | €62,571 | €47,813 | -€14,759 | -23.6% |
| Amounts payable within one year | 42/48 | €114,439 | €202,863 | +€88,423 | +77.3% |
| Current portion of amounts payable after more than one year | 42 | €22,444 | €14,759 | -€7,686 | -34.2% |
| Trade debts | 44 | €4,272 | €7,940 | +€3,668 | +85.9% |
| Suppliers | 440/4 | €4,272 | €7,940 | +€3,668 | +85.9% |
| Taxes, remuneration and social security | 45 | €78,323 | €38,241 | -€40,081 | -51.2% |
| Taxes | 450/3 | €78,323 | €38,241 | -€40,081 | -51.2% |
| Other amounts payable | 47/48 | €9,400 | €141,923 | +€132,522 | +1,410% |
| Non-recurring operating income | 76A | - | €9 | +€9 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,838 | €30,558 | +€719 | +2.4% |
| Other operating charges | 640/8 | €2,244 | €2,434 | +€190 | +8.5% |
| Gross operating margin | 9900 | €221,932 | €139,528 | -€82,403 | -37.1% |
| Operating profit (loss) | 9901 | €189,850 | €106,537 | -€83,312 | -43.9% |
| Financial income | 75/76B | €1,223 | €1,984 | +€761 | +62.2% |
| Recurring financial income | 75 | €1,223 | €1,984 | +€761 | +62.2% |
| Financial charges | 65/66B | €5,947 | €4,528 | -€1,419 | -23.9% |
| Recurring financial charges | 65 | €5,947 | €4,528 | -€1,419 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €185,126 | €103,993 | -€81,133 | -43.8% |
| Income taxes | 67/77 | €60,805 | €30,523 | -€30,282 | -49.8% |
| Profit (loss) for the period | 9904 | €124,320 | €73,470 | -€50,851 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €124,320 | €73,470 | -€50,851 | -40.9% |
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 24 October 2026 via checked.be.