HERMANS VERZEKERINGEN: what changed
HERMANS VERZEKERINGEN
Largest movements
- Receivables within one year +€20,440
up €20,440 (+33.0%), from €62,009 to €82,449
of which Trade receivables: +€21,126
- Tangible fixed assets -€18,800
down €18,800 (-25.9%), from €72,449 to €53,650
of which Furniture and vehicles: -€20,639
- Deferred charges and accrued income +€12,864
up €12,864 (+964%), from €1,334 to €14,199
- Cash -€8,578
down €8,578 (-24.2%), from €35,412 to €26,835
mainly Receivables within one year (-€20,440) and Debts after one year (-€15,122)
- Debts after one year -€15,122
down €15,122 (-40.8%), from €37,039 to €21,918
- Other debts +€12,822
up €12,822 (+22.9%), from €55,999 to €68,821
- Trade debts +€6,542
up €6,542 (+220%), from €2,968 to €9,510
- Tax, wage and social debts +€2,031
up €2,031 (+13.8%), from €14,712 to €16,743
- Short-term financial debts -€1,856
no longer reported in 2025 (was €1,856)
- Gross operating margin +€13,094
up €13,094 (+12.5%), from €104,793 to €117,887
- Staff costs +€13,043
up €13,043 (+18.5%), from €70,448 to €83,491
- Financial charges -€3,554
down €3,554 (-77.3%), from €4,600 to €1,046
- Taxes -€1,850
down €1,850 (-35.0%), from €5,284 to €3,433
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 | €171,205 | €177,131 | +€5,927 | +3.5% |
| Fixed assets | 21/28 | €72,449 | €53,650 | -€18,800 | -25.9% |
| Tangible fixed assets | 22/27 | €72,449 | €53,650 | -€18,800 | -25.9% |
| Plant, machinery and equipment | 23 | - | €1,840 | +€1,840 | |
| Furniture and vehicles | 24 | €72,449 | €51,810 | -€20,639 | -28.5% |
| Current assets | 29/58 | €98,755 | €123,482 | +€24,726 | +25.0% |
| Amounts receivable within one year | 40/41 | €62,009 | €82,449 | +€20,440 | +33.0% |
| Trade receivables | 40 | €53,340 | €74,466 | +€21,126 | +39.6% |
| Other amounts receivable | 41 | €8,669 | €7,983 | -€686 | -7.9% |
| Cash at bank and in hand | 54/58 | €35,412 | €26,835 | -€8,578 | -24.2% |
| Deferred charges and accrued income | 490/1 | €1,334 | €14,199 | +€12,864 | +964% |
| Total equity and liabilities | 10/49 | €171,205 | €177,131 | +€5,927 | +3.5% |
| Equity | 10/15 | €44,067 | €45,018 | +€951 | +2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,467 | €26,418 | +€951 | +3.7% |
| Non-distributable reserves | 130/1 | €860 | €860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €860 | €860 | = | 0.0% |
| Distributable reserves | 133 | €24,607 | €25,558 | +€951 | +3.9% |
| Amounts payable | 17/49 | €127,138 | €132,114 | +€4,976 | +3.9% |
| Amounts payable after more than one year | 17 | €37,039 | €21,918 | -€15,122 | -40.8% |
| Financial debts | 170/4 | €37,039 | €21,918 | -€15,122 | -40.8% |
| Amounts payable within one year | 42/48 | €90,099 | €110,196 | +€20,097 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €14,564 | €15,122 | +€557 | +3.8% |
| Financial debts | 43 | €1,856 | - | -€1,856 | |
| Credit institutions | 430/8 | €1,856 | - | -€1,856 | |
| Trade debts | 44 | €2,968 | €9,510 | +€6,542 | +220% |
| Suppliers | 440/4 | €2,968 | €9,510 | +€6,542 | +220% |
| Taxes, remuneration and social security | 45 | €14,712 | €16,743 | +€2,031 | +13.8% |
| Remuneration and social security | 454/9 | €14,712 | €16,743 | +€2,031 | +13.8% |
| Other amounts payable | 47/48 | €55,999 | €68,821 | +€12,822 | +22.9% |
| Remuneration, social security and pensions | 62 | €70,448 | €83,491 | +€13,043 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,093 | €20,083 | +€990 | +5.2% |
| Other operating charges | 640/8 | €1,176 | €1,257 | +€80 | +6.8% |
| Non-recurring operating charges | 66A | - | €7,673 | +€7,673 | |
| Gross operating margin | 9900 | €104,793 | €117,887 | +€13,094 | +12.5% |
| Operating profit (loss) | 9901 | €14,076 | €5,384 | -€8,692 | -61.8% |
| Financial income | 75/76B | €42 | €46 | +€4 | +10.6% |
| Recurring financial income | 75 | €42 | €46 | +€4 | +10.6% |
| Financial charges | 65/66B | €4,600 | €1,046 | -€3,554 | -77.3% |
| Recurring financial charges | 65 | €4,600 | €1,046 | -€3,554 | -77.3% |
| Profit (loss) for the period before taxes | 9903 | €9,518 | €4,384 | -€5,133 | -53.9% |
| Income taxes | 67/77 | €5,284 | €3,433 | -€1,850 | -35.0% |
| Profit (loss) for the period | 9904 | €4,234 | €951 | -€3,283 | -77.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,234 | €951 | -€3,283 | -77.5% |
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.