HERMANS PIPING & MECHANICAL: 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 PIPING & MECHANICAL
Largest movements
- Cash +€119,288
up €119,288 (+170%), from €70,301 to €189,589
mainly Net result for the year (+€116,310) and Depreciation (+€9,967)
- Tangible fixed assets -€9,967
down €9,967 (-68.8%), from €14,487 to €4,520
- Reserves +€116,310
up €116,310 (+182%), from €64,032 to €180,342
- Other debts -€6,689
down €6,689 (-41.2%), from €16,240 to €9,551
- Tax, wage and social debts +€2,129
up €2,129 (+16.8%), from €12,647 to €14,775
of which Taxes: +€1,991
- Gross operating margin +€99,026
up €99,026 (+162%), from €61,013 to €160,039
- Taxes +€18,854
up €18,854 (+130%), from €14,498 to €33,353
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 | €95,561 | €207,109 | +€111,548 | +117% |
| Fixed assets | 21/28 | €14,487 | €4,520 | -€9,967 | -68.8% |
| Tangible fixed assets | 22/27 | €14,487 | €4,520 | -€9,967 | -68.8% |
| Furniture and vehicles | 24 | €14,487 | €4,520 | -€9,967 | -68.8% |
| Current assets | 29/58 | €81,074 | €202,588 | +€121,514 | +150% |
| Amounts receivable within one year | 40/41 | €10,068 | €11,695 | +€1,627 | +16.2% |
| Trade receivables | 40 | €10,068 | €11,695 | +€1,627 | +16.2% |
| Cash at bank and in hand | 54/58 | €70,301 | €189,589 | +€119,288 | +170% |
| Deferred charges and accrued income | 490/1 | €705 | €1,305 | +€599 | +85.0% |
| Total equity and liabilities | 10/49 | €95,561 | €207,109 | +€111,548 | +117% |
| Equity | 10/15 | €66,032 | €182,342 | +€116,310 | +176% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €64,032 | €180,342 | +€116,310 | +182% |
| Distributable reserves | 133 | €64,032 | €180,342 | +€116,310 | +182% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,529 | €24,766 | -€4,763 | -16.1% |
| Amounts payable within one year | 42/48 | €29,529 | €24,766 | -€4,763 | -16.1% |
| Trade debts | 44 | €642 | €440 | -€202 | -31.5% |
| Suppliers | 440/4 | €642 | €440 | -€202 | -31.5% |
| Taxes, remuneration and social security | 45 | €12,647 | €14,775 | +€2,129 | +16.8% |
| Taxes | 450/3 | €11,576 | €13,567 | +€1,991 | +17.2% |
| Remuneration and social security | 454/9 | €1,071 | €1,209 | +€137 | +12.8% |
| Other amounts payable | 47/48 | €16,240 | €9,551 | -€6,689 | -41.2% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,967 | €9,967 | = | 0.0% |
| Other operating charges | 640/8 | €318 | €325 | +€7 | +2.1% |
| Gross operating margin | 9900 | €61,013 | €160,039 | +€99,026 | +162% |
| Operating profit (loss) | 9901 | €50,728 | €149,747 | +€99,019 | +195% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €74 | €84 | +€10 | +13.8% |
| Recurring financial charges | 65 | €74 | €84 | +€10 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €50,654 | €149,663 | +€99,009 | +195% |
| Income taxes | 67/77 | €14,498 | €33,353 | +€18,854 | +130% |
| Profit (loss) for the period | 9904 | €36,156 | €116,310 | +€80,155 | +222% |
| Profit (loss) for the period to be appropriated | 9905 | €36,156 | €116,310 | +€80,155 | +222% |
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 29 October 2026 via checked.be.