HERMANS GRONDWERKEN: what changed
HERMANS GRONDWERKEN
Largest movements
- Cash +€88,339
up €88,339 (+4,868%), from €1,815 to €90,154
mainly Net result for the year (+€37,986) and Receivables within one year (+€27,577)
- Receivables within one year -€27,577
down €27,577 (-62.9%), from €43,876 to €16,299
of which Trade receivables: -€17,760
- Tangible fixed assets -€18,611
down €18,611 (-45.1%), from €41,284 to €22,673
of which Plant, machinery and equipment: -€15,730
- Deferred charges and accrued income -€2,797
down €2,797 (-88.6%), from €3,157 to €360
- Reserves +€30,593
up €30,593 (+115%), from €26,710 to €57,303
of which Distributable reserves: +€30,593
- Other debts +€13,044
up €13,044 (+163%), from €7,983 to €21,026
- Trade debts -€11,119
down €11,119 (-52.7%), from €21,091 to €9,973
- Tax, wage and social debts +€6,667
up €6,667 (+46.5%), from €14,329 to €20,996
- Gross operating margin +€32,761
up €32,761 (+81.1%), from €40,401 to €73,162
- Taxes +€9,460
up €9,460 (+199%), from €4,754 to €14,214
- Other operating charges +€1,161
up €1,161 (+99.6%), from €1,166 to €2,327
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,133 | €129,487 | +€39,354 | +43.7% |
| Fixed assets | 21/28 | €41,284 | €22,673 | -€18,611 | -45.1% |
| Tangible fixed assets | 22/27 | €41,284 | €22,673 | -€18,611 | -45.1% |
| Land and buildings | 22 | €295 | €197 | -€98 | -33.3% |
| Plant, machinery and equipment | 23 | €35,062 | €19,332 | -€15,730 | -44.9% |
| Furniture and vehicles | 24 | €5,928 | €3,145 | -€2,783 | -46.9% |
| Current assets | 29/58 | €48,848 | €106,813 | +€57,965 | +119% |
| Amounts receivable within one year | 40/41 | €43,876 | €16,299 | -€27,577 | -62.9% |
| Trade receivables | 40 | €30,894 | €13,134 | -€17,760 | -57.5% |
| Other amounts receivable | 41 | €12,982 | €3,165 | -€9,817 | -75.6% |
| Cash at bank and in hand | 54/58 | €1,815 | €90,154 | +€88,339 | +4,868% |
| Deferred charges and accrued income | 490/1 | €3,157 | €360 | -€2,797 | -88.6% |
| Total equity and liabilities | 10/49 | €90,133 | €129,487 | +€39,354 | +43.7% |
| Equity | 10/15 | €46,710 | €77,303 | +€30,593 | +65.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €26,710 | €57,303 | +€30,593 | +115% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €26,710 | €57,303 | +€30,593 | +115% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €43,422 | €52,184 | +€8,761 | +20.2% |
| Amounts payable within one year | 42/48 | €43,403 | €51,995 | +€8,592 | +19.8% |
| Trade debts | 44 | €21,091 | €9,973 | -€11,119 | -52.7% |
| Suppliers | 440/4 | €21,091 | €9,973 | -€11,119 | -52.7% |
| Taxes, remuneration and social security | 45 | €14,329 | €20,996 | +€6,667 | +46.5% |
| Taxes | 450/3 | €14,329 | €20,996 | +€6,667 | +46.5% |
| Other amounts payable | 47/48 | €7,983 | €21,026 | +€13,044 | +163% |
| Accrued charges and deferred income | 492/3 | €20 | €189 | +€170 | +870% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,068 | €18,611 | -€457 | -2.4% |
| Other operating charges | 640/8 | €1,166 | €2,327 | +€1,161 | +99.6% |
| Gross operating margin | 9900 | €40,401 | €73,162 | +€32,761 | +81.1% |
| Operating profit (loss) | 9901 | €20,167 | €52,224 | +€32,057 | +159% |
| Financial charges | 65/66B | €233 | €24 | -€209 | -89.9% |
| Recurring financial charges | 65 | €233 | €24 | -€209 | -89.9% |
| Profit (loss) for the period before taxes | 9903 | €19,934 | €52,200 | +€32,266 | +162% |
| Income taxes | 67/77 | €4,754 | €14,214 | +€9,460 | +199% |
| Profit (loss) for the period | 9904 | €15,180 | €37,986 | +€22,806 | +150% |
| Profit (loss) for the period to be appropriated | 9905 | €15,180 | €37,986 | +€22,806 | +150% |
Next steps
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.