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
- Receivables within one year -€11,920
down €11,920 (-52.0%), from €22,907 to €10,987
of which Trade receivables: -€9,774
- Tangible fixed assets -€10,220
down €10,220 (-29.2%), from €35,010 to €24,790
- Cash +€6,542
up €6,542 (+43.6%), from €15,018 to €21,560
mainly Receivables within one year (+€11,920) and Depreciation (+€10,220)
- Deferred charges and accrued income -€943
down €943 (-39.5%), from €2,386 to €1,443
- Trade debts -€10,858
down €10,858 (-74.2%), from €14,627 to €3,769
- Debts after one year -€5,557
down €5,557 (-30.0%), from €18,524 to €12,967
- Tax, wage and social debts -€4,050
down €4,050 (-91.5%), from €4,425 to €375
- Other debts +€3,309
up €3,309 (+228%), from €1,450 to €4,759
- Gross operating margin +€13,952
up €13,952, from -€2,173 to €11,779
- Depreciation -€875
down €875 (-7.9%), from €11,095 to €10,220
- Financial charges +€162
up €162 (+20.7%), from €782 to €944
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 | €76,779 | €60,238 | -€16,541 | -21.5% |
| Fixed assets | 21/28 | €36,468 | €26,248 | -€10,220 | -28.0% |
| Tangible fixed assets | 22/27 | €35,010 | €24,790 | -€10,220 | -29.2% |
| Furniture and vehicles | 24 | €35,010 | €24,790 | -€10,220 | -29.2% |
| Financial fixed assets | 28 | €1,458 | €1,458 | = | 0.0% |
| Current assets | 29/58 | €40,311 | €33,990 | -€6,321 | -15.7% |
| Amounts receivable within one year | 40/41 | €22,907 | €10,987 | -€11,920 | -52.0% |
| Trade receivables | 40 | €20,197 | €10,423 | -€9,774 | -48.4% |
| Other amounts receivable | 41 | €2,710 | €564 | -€2,146 | -79.2% |
| Cash at bank and in hand | 54/58 | €15,018 | €21,560 | +€6,542 | +43.6% |
| Deferred charges and accrued income | 490/1 | €2,386 | €1,443 | -€943 | -39.5% |
| Total equity and liabilities | 10/49 | €76,779 | €60,238 | -€16,541 | -21.5% |
| Equity | 10/15 | €32,195 | €32,811 | +€616 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,735 | €12,351 | +€616 | +5.2% |
| Amounts payable | 17/49 | €44,584 | €27,427 | -€17,157 | -38.5% |
| Amounts payable after more than one year | 17 | €18,524 | €12,967 | -€5,557 | -30.0% |
| Financial debts | 170/4 | €18,524 | €12,967 | -€5,557 | -30.0% |
| Amounts payable within one year | 42/48 | €26,060 | €14,460 | -€11,600 | -44.5% |
| Current portion of amounts payable after more than one year | 42 | €5,558 | €5,557 | -€1 | 0.0% |
| Trade debts | 44 | €14,627 | €3,769 | -€10,858 | -74.2% |
| Suppliers | 440/4 | €14,627 | €3,769 | -€10,858 | -74.2% |
| Taxes, remuneration and social security | 45 | €4,425 | €375 | -€4,050 | -91.5% |
| Taxes | 450/3 | €4,425 | €375 | -€4,050 | -91.5% |
| Other amounts payable | 47/48 | €1,450 | €4,759 | +€3,309 | +228% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,095 | €10,220 | -€875 | -7.9% |
| Gross operating margin | 9900 | -€2,173 | €11,779 | +€13,952 | |
| Operating profit (loss) | 9901 | -€13,268 | €1,559 | +€14,827 | |
| Financial income | 75/76B | €1 | €1 | = | 0.0% |
| Recurring financial income | 75 | €1 | €1 | = | 0.0% |
| Financial charges | 65/66B | €782 | €944 | +€162 | +20.7% |
| Recurring financial charges | 65 | €782 | €944 | +€162 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,049 | €616 | +€14,665 | |
| Profit (loss) for the period | 9904 | -€14,049 | €616 | +€14,665 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,049 | €616 | +€14,665 |
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 26 October 2026 via checked.be.