HERMANS POULTRY: 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 POULTRY
Largest movements
- Tangible fixed assets -€25,343
down €25,343 (-21.0%), from €120,609 to €95,266
- Receivables within one year +€11,205
up €11,205 (+26.3%), from €42,632 to €53,837
of which Trade receivables: +€11,130
- Cash -€4,233
down €4,233 (-38.2%), from €11,095 to €6,862
mainly Current portion of long-term debt (-€48,104) and Receivables within one year (-€11,205)
- Current portion of long-term debt -€48,104
down €48,104 (-100%), from €48,104 to €0
- Reserves +€30,032
up €30,032 (+25.6%), from €117,324 to €147,356
of which Distributable reserves: +€30,032
- Depreciation -€19,122
down €19,122 (-43.0%), from €44,466 to €25,343
- Financial charges -€888
down €888 (-47.0%), from €1,889 to €1,001
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 | €174,336 | €155,965 | -€18,372 | -10.5% |
| Fixed assets | 21/28 | €120,609 | €95,266 | -€25,343 | -21.0% |
| Tangible fixed assets | 22/27 | €120,609 | €95,266 | -€25,343 | -21.0% |
| Land and buildings | 22 | €120,609 | €95,266 | -€25,343 | -21.0% |
| Current assets | 29/58 | €53,727 | €60,699 | +€6,972 | +13.0% |
| Amounts receivable within one year | 40/41 | €42,632 | €53,837 | +€11,205 | +26.3% |
| Trade receivables | 40 | €38,640 | €49,770 | +€11,130 | +28.8% |
| Other amounts receivable | 41 | €3,992 | €4,067 | +€75 | +1.9% |
| Cash at bank and in hand | 54/58 | €11,095 | €6,862 | -€4,233 | -38.2% |
| Total equity and liabilities | 10/49 | €174,336 | €155,965 | -€18,372 | -10.5% |
| Equity | 10/15 | €117,324 | €147,356 | +€30,032 | +25.6% |
| Reserves | 13 | €117,324 | €147,356 | +€30,032 | +25.6% |
| Non-distributable reserves | 130/1 | €97,971 | €97,971 | = | 0.0% |
| Reserves not available under the articles | 1311 | €97,971 | €97,971 | = | 0.0% |
| Distributable reserves | 133 | €19,353 | €49,385 | +€30,032 | +155% |
| Amounts payable | 17/49 | €57,012 | €8,609 | -€48,403 | -84.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €57,012 | €8,609 | -€48,403 | -84.9% |
| Current portion of amounts payable after more than one year | 42 | €48,104 | €0 | -€48,104 | -100% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €300 | €0 | -€300 | -100% |
| Taxes | 450/3 | €300 | €0 | -€300 | -100% |
| Other amounts payable | 47/48 | €8,609 | €8,609 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,466 | €25,343 | -€19,122 | -43.0% |
| Other operating charges | 640/8 | €4,492 | €4,631 | +€139 | +3.1% |
| Gross operating margin | 9900 | €61,258 | €61,007 | -€251 | -0.4% |
| Operating profit (loss) | 9901 | €12,301 | €31,033 | +€18,732 | +152% |
| Financial charges | 65/66B | €1,889 | €1,001 | -€888 | -47.0% |
| Recurring financial charges | 65 | €1,889 | €1,001 | -€888 | -47.0% |
| Profit (loss) for the period before taxes | 9903 | €10,411 | €30,032 | +€19,620 | +188% |
| Profit (loss) for the period | 9904 | €10,411 | €30,032 | +€19,620 | +188% |
| Profit (loss) for the period to be appropriated | 9905 | €10,411 | €30,032 | +€19,620 | +188% |
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 15 October 2026 via checked.be.