HERMANS MANAGEMENT CONSULTING: 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 MANAGEMENT CONSULTING
Largest movements
- Cash +€21,962
up €21,962 (+3.1%), from €698,070 to €720,032
mainly Investment in fixed assets (net) (+€19,570) and Net result for the year (+€9,225)
- Financial fixed assets -€19,570
down €19,570 (-24.6%), from €79,540 to €59,970
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€11,425
down €11,425 (-49.0%), from €23,336 to €11,911
of which Non-recurring financial income: -€10,129
- Gross operating margin -€9,410
down €9,410 (-68.6%), from €13,712 to €4,302
- Taxes -€5,727
down €5,727 (-52.9%), from €10,837 to €5,109
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 | €1,116,164 | €1,127,298 | +€11,134 | +1.0% |
| Fixed assets | 21/28 | €80,396 | €60,433 | -€19,963 | -24.8% |
| Tangible fixed assets | 22/27 | €856 | €463 | -€394 | -46.0% |
| Furniture and vehicles | 24 | €856 | €463 | -€394 | -46.0% |
| Financial fixed assets | 28 | €79,540 | €59,970 | -€19,570 | -24.6% |
| Current assets | 29/58 | €1,035,768 | €1,066,865 | +€31,097 | +3.0% |
| Amounts receivable within one year | 40/41 | €137,552 | €146,680 | +€9,128 | +6.6% |
| Trade receivables | 40 | €86,798 | €146,000 | +€59,202 | +68.2% |
| Other amounts receivable | 41 | €50,754 | €680 | -€50,074 | -98.7% |
| Current investments | 50/53 | €199,999 | €199,999 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €698,070 | €720,032 | +€21,962 | +3.1% |
| Deferred charges and accrued income | 490/1 | €147 | €154 | +€8 | +5.2% |
| Total equity and liabilities | 10/49 | €1,116,164 | €1,127,298 | +€11,134 | +1.0% |
| Equity | 10/15 | €1,110,759 | €1,119,983 | +€9,225 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,092,159 | €1,101,383 | +€9,225 | +0.8% |
| Distributable reserves | 133 | €1,092,159 | €1,101,383 | +€9,225 | +0.8% |
| Amounts payable | 17/49 | €5,405 | €7,314 | +€1,909 | +35.3% |
| Amounts payable within one year | 42/48 | €3,405 | €5,814 | +€2,409 | +70.8% |
| Trade debts | 44 | €1,418 | €672 | -€745 | -52.6% |
| Suppliers | 440/4 | €1,418 | €672 | -€745 | -52.6% |
| Taxes, remuneration and social security | 45 | €987 | €1,510 | +€523 | +52.9% |
| Taxes | 450/3 | €987 | €1,510 | +€523 | +52.9% |
| Other amounts payable | 47/48 | €1,001 | €3,633 | +€2,632 | +263% |
| Accrued charges and deferred income | 492/3 | €2,000 | €1,500 | -€500 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €325 | €394 | +€69 | +21.2% |
| Other operating charges | 640/8 | €1,130 | €998 | -€132 | -11.7% |
| Gross operating margin | 9900 | €13,712 | €4,302 | -€9,410 | -68.6% |
| Operating profit (loss) | 9901 | €12,257 | €2,910 | -€9,347 | -76.3% |
| Financial income | 75/76B | €23,336 | €11,911 | -€11,425 | -49.0% |
| Recurring financial income | 75 | €13,207 | €11,911 | -€1,296 | -9.8% |
| Non-recurring financial income | 76B | €10,129 | - | -€10,129 | |
| Financial charges | 65/66B | €376 | €487 | +€111 | +29.6% |
| Recurring financial charges | 65 | €376 | €487 | +€111 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | €35,217 | €14,334 | -€20,883 | -59.3% |
| Income taxes | 67/77 | €10,837 | €5,109 | -€5,727 | -52.9% |
| Profit (loss) for the period | 9904 | €24,380 | €9,225 | -€15,156 | -62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,380 | €9,225 | -€15,156 | -62.2% |
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 27 October 2026 via checked.be.