Hermanshoeve: 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.
Hermanshoeve
Largest movements
- Cash -€68,953
down €68,953 (-67.9%), from €101,530 to €32,577
mainly Other debts (-€170,000) and Investment in fixed assets (net) (-€50,354)
- Other debts -€170,000
down €170,000 (-6.9%), from €2.5m to €2.3m
- Reserves +€131,435
up €131,435 (+4.6%), from €2.9m to €3.0m
of which Distributable reserves: +€131,435
- Write-downs -€238,386
no longer reported in 2025 (was €238,386)
- Gross operating margin +€71,640
up €71,640 (+58.3%), from €122,795 to €194,435
- Depreciation +€25,572
up €25,572 (+56.4%), from €45,338 to €70,910
- Financial income +€25,288
up €25,288 (+80.2%), from €31,549 to €56,837
- Financial charges +€7,352
up €7,352 (+19.6%), from €37,473 to €44,825
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 | €5,537,738 | €5,540,314 | +€2,575 | 0.0% |
| Fixed assets | 21/28 | €3,713,949 | €3,693,393 | -€20,557 | -0.6% |
| Tangible fixed assets | 22/27 | €3,713,949 | €3,693,393 | -€20,557 | -0.6% |
| Land and buildings | 22 | €3,706,383 | €3,647,473 | -€58,911 | -1.6% |
| Plant, machinery and equipment | 23 | €6,040 | €15,749 | +€9,709 | +161% |
| Furniture and vehicles | 24 | €1,526 | €30,171 | +€28,645 | +1,877% |
| Current assets | 29/58 | €1,823,789 | €1,846,921 | +€23,132 | +1.3% |
| Stocks and contracts in progress | 3 | €31,000 | €73,500 | +€42,500 | +137% |
| Stocks | 30/36 | €31,000 | €73,500 | +€42,500 | +137% |
| Amounts receivable within one year | 40/41 | €1,687,567 | €1,736,242 | +€48,675 | +2.9% |
| Trade receivables | 40 | - | €150,150 | +€150,150 | |
| Other amounts receivable | 41 | €1,687,567 | €1,586,092 | -€101,475 | -6.0% |
| Cash at bank and in hand | 54/58 | €101,530 | €32,577 | -€68,953 | -67.9% |
| Deferred charges and accrued income | 490/1 | €3,692 | €4,602 | +€910 | +24.6% |
| Total equity and liabilities | 10/49 | €5,537,738 | €5,540,314 | +€2,575 | 0.0% |
| Equity | 10/15 | €3,024,181 | €3,155,616 | +€131,435 | +4.3% |
| Contributions | 10/11 | €41,068 | €41,068 | = | 0.0% |
| Reserves | 13 | €2,872,715 | €3,004,150 | +€131,435 | +4.6% |
| Non-distributable reserves | 130/1 | €2,307 | €2,307 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,307 | €2,307 | = | 0.0% |
| Tax-exempt reserves | 132 | €125,898 | €125,898 | = | 0.0% |
| Distributable reserves | 133 | €2,744,510 | €2,875,946 | +€131,435 | +4.8% |
| Profit (loss) carried forward | 14 | €110,398 | €110,398 | = | 0.0% |
| Amounts payable | 17/49 | €2,513,558 | €2,384,698 | -€128,860 | -5.1% |
| Amounts payable within one year | 42/48 | €2,491,474 | €2,318,295 | -€173,179 | -7.0% |
| Trade debts | 44 | €500 | €3,807 | +€3,307 | +661% |
| Suppliers | 440/4 | €500 | €3,807 | +€3,307 | +661% |
| Taxes, remuneration and social security | 45 | €10,974 | €4,488 | -€6,486 | -59.1% |
| Taxes | 450/3 | €10,974 | €4,488 | -€6,486 | -59.1% |
| Other amounts payable | 47/48 | €2,480,000 | €2,310,000 | -€170,000 | -6.9% |
| Accrued charges and deferred income | 492/3 | €22,084 | €66,403 | +€44,319 | +201% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,338 | €70,910 | +€25,572 | +56.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €238,386 | - | -€238,386 | |
| Other operating charges | 640/8 | €1,958 | €4,101 | +€2,143 | +109% |
| Gross operating margin | 9900 | €122,795 | €194,435 | +€71,640 | +58.3% |
| Operating profit (loss) | 9901 | -€162,887 | €119,423 | +€282,310 | |
| Financial income | 75/76B | €31,549 | €56,837 | +€25,288 | +80.2% |
| Recurring financial income | 75 | €31,549 | €56,837 | +€25,288 | +80.2% |
| Financial charges | 65/66B | €37,473 | €44,825 | +€7,352 | +19.6% |
| Recurring financial charges | 65 | €37,473 | €44,825 | +€7,352 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | -€168,811 | €131,435 | +€300,246 | |
| Profit (loss) for the period | 9904 | -€168,811 | €131,435 | +€300,246 | |
| Profit (loss) for the period to be appropriated | 9905 | -€168,811 | €131,435 | +€300,246 |
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 19 October 2026 via checked.be.