HERMANS & ZOON: 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 & ZOON
Largest movements
- Cash -€3,990
down €3,990 (-8.1%), from €49,223 to €45,232
mainly Other debts (-€26,000) and Contributions, distributions and other (-€11,000)
- Receivables within one year +€2,898
up €2,898 (+129%), from €2,248 to €5,146
of which Other amounts receivable: +€2,079
- Other debts -€26,000
down €26,000 (-70.3%), from €37,000 to €11,000
- Reserves +€21,095
up €21,095 (+181%), from €11,656 to €32,751
- Tax, wage and social debts +€3,209
up €3,209, from €0 to €3,209
of which Taxes: +€3,209
- Trade debts +€603
up €603 (+74.0%), from €815 to €1,418
- Taxes +€9,402
up €9,402 (+938%), from €1,003 to €10,405
- Gross operating margin +€8,660
up €8,660 (+24.0%), from €36,093 to €44,753
- Staff costs -€3,000
no longer reported in 2025 (was €3,000)
- Financial charges +€1,479
up €1,479 (+2,425%), from €61 to €1,540
- Other operating charges +€485
up €485 (+214%), from €227 to €713
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 | €51,471 | €50,378 | -€1,093 | -2.1% |
| Current assets | 29/58 | €51,471 | €50,378 | -€1,093 | -2.1% |
| Amounts receivable within one year | 40/41 | €2,248 | €5,146 | +€2,898 | +129% |
| Trade receivables | 40 | €1,219 | €2,037 | +€818 | +67.2% |
| Other amounts receivable | 41 | €1,029 | €3,109 | +€2,079 | +202% |
| Cash at bank and in hand | 54/58 | €49,223 | €45,232 | -€3,990 | -8.1% |
| Total equity and liabilities | 10/49 | €51,471 | €50,378 | -€1,093 | -2.1% |
| Equity | 10/15 | €13,656 | €34,751 | +€21,095 | +154% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €11,656 | €32,751 | +€21,095 | +181% |
| Distributable reserves | 133 | €11,656 | €32,751 | +€21,095 | +181% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €37,815 | €15,627 | -€22,188 | -58.7% |
| Amounts payable within one year | 42/48 | €37,815 | €15,627 | -€22,188 | -58.7% |
| Trade debts | 44 | €815 | €1,418 | +€603 | +74.0% |
| Suppliers | 440/4 | €815 | €1,418 | +€603 | +74.0% |
| Taxes, remuneration and social security | 45 | €0 | €3,209 | +€3,209 | |
| Taxes | 450/3 | €0 | €3,209 | +€3,209 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €37,000 | €11,000 | -€26,000 | -70.3% |
| Remuneration, social security and pensions | 62 | €3,000 | - | -€3,000 | |
| Other operating charges | 640/8 | €227 | €713 | +€485 | +214% |
| Gross operating margin | 9900 | €36,093 | €44,753 | +€8,660 | +24.0% |
| Operating profit (loss) | 9901 | €32,866 | €44,040 | +€11,174 | +34.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +150% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +150% |
| Financial charges | 65/66B | €61 | €1,540 | +€1,479 | +2,425% |
| Recurring financial charges | 65 | €61 | €1,540 | +€1,479 | +2,425% |
| Profit (loss) for the period before taxes | 9903 | €32,805 | €42,500 | +€9,695 | +29.6% |
| Income taxes | 67/77 | €1,003 | €10,405 | +€9,402 | +938% |
| Profit (loss) for the period | 9904 | €31,802 | €32,095 | +€293 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,802 | €32,095 | +€293 | +0.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.