HERMANS KRIS: 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.
What changed
HERMANS KRIS
NACE 43.120, Site preparation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€100,871
2024 · -€131,939+€31,068
Equity
€768,071
2024 · €503,187+€264,884
Cash
€22,553
2024 · €5,097+€17,456
Balance sheet total
€2.2m
2024 · €2.0m+€163,951
Largest movements
Assets
- Tangible fixed assets +€229,015
up €229,015 (+15.2%), from €1.5m to €1.7m
of which Land and buildings: +€321,355
- Receivables within one year -€37,602
down €37,602 (-10.3%), from €363,512 to €325,910
- Deferred charges and accrued income -€24,693
down €24,693 (-34.9%), from €70,665 to €45,972
Equity and liabilities
- Revaluation surpluses +€365,755
new in 2025: €365,755
- Debts after one year -€130,165
down €130,165 (-12.7%), from €1.0m to €897,066
- Profit (loss) carried forward -€100,871
down €100,871, from €8,687 to -€92,184
- Trade debts +€53,387
up €53,387 (+29.4%), from €181,543 to €234,930
- Other debts -€26,588
down €26,588 (-37.5%), from €70,827 to €44,239
Income statement
- Gross operating margin +€18,475
up €18,475 (+2.2%), from €836,100 to €854,575
- Staff costs -€13,515
down €13,515 (-1.9%), from €716,653 to €703,138
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.
Result 2024
-€131,939
Gross operating margin
+€18,475
Staff costs
+€13,515
Depreciation
-€157
Other operating charges
-€109
Financial income
+€1,129
Financial charges
-€1,790
Taxes
+€6
Result 2025
-€100,871
raises the resultlowers the result
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.
From operations
+€213,016
Investment
-€425,216
Financing
+€229,656
Cash 2024
€5,097
From operations (derived)
+€213,016
Net result for the year
-€100,871
Depreciation
+€196,201
Stocks and contracts
+€20,225
Receivables within one year
+€37,602
Deferred charges and accrued income
+€24,693
Trade debts
+€53,387
Tax, wage and social debts
+€13,036
Other debts
-€26,588
Accrued charges and deferred income
-€4,669
Investment (derived)
-€425,216
Investment in fixed assets (net)
-€425,216
Financing
+€229,656
Debts after one year
-€130,165
Current portion of long-term debt
-€5,934
Contributions, distributions and other
+€365,755
Cash 2025
€22,553
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,045,404 | €2,209,354 | +€163,951 | +8.0% |
| Fixed assets | 21/28 | €1,509,776 | €1,738,791 | +€229,015 | +15.2% |
| Tangible fixed assets | 22/27 | €1,509,776 | €1,738,791 | +€229,015 | +15.2% |
| Land and buildings | 22 | €1,087,766 | €1,409,120 | +€321,355 | +29.5% |
| Plant, machinery and equipment | 23 | €15,412 | €20,169 | +€4,757 | +30.9% |
| Furniture and vehicles | 24 | €63,432 | €79,939 | +€16,507 | +26.0% |
| Leasing and similar rights | 25 | €343,166 | €229,562 | -€113,603 | -33.1% |
| Current assets | 29/58 | €535,628 | €470,564 | -€65,064 | -12.1% |
| Stocks and contracts in progress | 3 | €96,354 | €76,129 | -€20,225 | -21.0% |
| Stocks | 30/36 | €96,354 | €76,129 | -€20,225 | -21.0% |
| Amounts receivable within one year | 40/41 | €363,512 | €325,910 | -€37,602 | -10.3% |
| Trade receivables | 40 | €363,512 | €325,910 | -€37,602 | -10.3% |
| Cash at bank and in hand | 54/58 | €5,097 | €22,553 | +€17,456 | +343% |
| Deferred charges and accrued income | 490/1 | €70,665 | €45,972 | -€24,693 | -34.9% |
| Total equity and liabilities | 10/49 | €2,045,404 | €2,209,354 | +€163,951 | +8.0% |
| Equity | 10/15 | €503,187 | €768,071 | +€264,884 | +52.6% |
| Contributions | 10/11 | €481,000 | €481,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €365,755 | +€365,755 | |
| Reserves | 13 | €13,500 | €13,500 | = | 0.0% |
| Distributable reserves | 133 | €13,500 | €13,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,687 | -€92,184 | -€100,871 | |
| Amounts payable | 17/49 | €1,542,216 | €1,441,283 | -€100,933 | -6.5% |
| Amounts payable after more than one year | 17 | €1,027,231 | €897,066 | -€130,165 | -12.7% |
| Financial debts | 170/4 | €1,027,231 | €897,066 | -€130,165 | -12.7% |
| Amounts payable within one year | 42/48 | €506,244 | €540,144 | +€33,901 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €172,386 | €166,452 | -€5,934 | -3.4% |
| Trade debts | 44 | €181,543 | €234,930 | +€53,387 | +29.4% |
| Suppliers | 440/4 | €181,543 | €234,930 | +€53,387 | +29.4% |
| Taxes, remuneration and social security | 45 | €81,488 | €94,524 | +€13,036 | +16.0% |
| Taxes | 450/3 | €21,176 | €19,922 | -€1,254 | -5.9% |
| Remuneration and social security | 454/9 | €60,312 | €74,602 | +€14,289 | +23.7% |
| Other amounts payable | 47/48 | €70,827 | €44,239 | -€26,588 | -37.5% |
| Accrued charges and deferred income | 492/3 | €8,742 | €4,073 | -€4,669 | -53.4% |
| Remuneration, social security and pensions | 62 | €716,653 | €703,138 | -€13,515 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196,044 | €196,201 | +€157 | +0.1% |
| Other operating charges | 640/8 | €19,763 | €19,873 | +€109 | +0.6% |
| Gross operating margin | 9900 | €836,100 | €854,575 | +€18,475 | +2.2% |
| Operating profit (loss) | 9901 | -€96,360 | -€64,637 | +€31,723 | +32.9% |
| Financial income | 75/76B | €4,268 | €5,396 | +€1,129 | +26.4% |
| Recurring financial income | 75 | €4,268 | €5,396 | +€1,129 | +26.4% |
| Financial charges | 65/66B | €39,840 | €41,630 | +€1,790 | +4.5% |
| Recurring financial charges | 65 | €39,840 | €41,630 | +€1,790 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | -€131,933 | -€100,871 | +€31,062 | +23.5% |
| Income taxes | 67/77 | €6 | €0 | -€6 | -99.0% |
| Profit (loss) for the period | 9904 | -€131,939 | -€100,871 | +€31,068 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€131,939 | -€100,871 | +€31,068 | +23.5% |
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 16 October 2026 via checked.be.