HERMANUS: 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.
HERMANUS
Largest movements
- Receivables within one year +€7,908
up €7,908 (+261%), from €3,027 to €10,935
of which Trade receivables: +€5,474
- Cash -€5,834
down €5,834 (-8.4%), from €69,780 to €63,946
mainly Other debts (-€12,086) and Receivables within one year (-€7,908)
- Tangible fixed assets -€3,838
down €3,838 (-45.6%), from €8,417 to €4,579
- Other debts -€12,086
down €12,086 (-33.2%), from €36,388 to €24,302
- Profit (loss) carried forward +€6,294
up €6,294 (+21.7%), from €29,054 to €35,348
- Tax, wage and social debts +€4,151
up €4,151 (+191%), from €2,172 to €6,323
of which Remuneration and social security: +€4,572
- Staff costs +€23,096
up €23,096 (+512%), from €4,509 to €27,605
- Gross operating margin +€9,039
up €9,039 (+25.5%), from €35,419 to €44,458
- Taxes +€3,102
up €3,102 (+180%), from €1,728 to €4,830
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 | €86,122 | €83,802 | -€2,320 | -2.7% |
| Fixed assets | 21/28 | €10,529 | €6,717 | -€3,812 | -36.2% |
| Tangible fixed assets | 22/27 | €8,417 | €4,579 | -€3,838 | -45.6% |
| Furniture and vehicles | 24 | €8,417 | €4,579 | -€3,838 | -45.6% |
| Financial fixed assets | 28 | €2,112 | €2,138 | +€26 | +1.2% |
| Current assets | 29/58 | €75,593 | €77,085 | +€1,492 | +2.0% |
| Stocks and contracts in progress | 3 | €1,700 | €1,100 | -€600 | -35.3% |
| Stocks | 30/36 | €1,700 | €1,100 | -€600 | -35.3% |
| Amounts receivable within one year | 40/41 | €3,027 | €10,935 | +€7,908 | +261% |
| Trade receivables | 40 | €461 | €5,935 | +€5,474 | +1,187% |
| Other amounts receivable | 41 | €2,566 | €5,000 | +€2,434 | +94.9% |
| Cash at bank and in hand | 54/58 | €69,780 | €63,946 | -€5,834 | -8.4% |
| Deferred charges and accrued income | 490/1 | €1,086 | €1,104 | +€18 | +1.7% |
| Total equity and liabilities | 10/49 | €86,122 | €83,802 | -€2,320 | -2.7% |
| Equity | 10/15 | €43,543 | €49,837 | +€6,294 | +14.5% |
| Contributions | 10/11 | €1,128 | €1,128 | = | 0.0% |
| Reserves | 13 | €13,361 | €13,361 | = | 0.0% |
| Non-distributable reserves | 130/1 | €347 | €347 | = | 0.0% |
| Reserves not available under the articles | 1311 | €347 | €347 | = | 0.0% |
| Distributable reserves | 133 | €13,014 | €13,014 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,054 | €35,348 | +€6,294 | +21.7% |
| Amounts payable | 17/49 | €42,579 | €33,965 | -€8,614 | -20.2% |
| Amounts payable within one year | 42/48 | €42,579 | €33,965 | -€8,614 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €753 | - | -€753 | |
| Trade debts | 44 | €3,266 | €3,340 | +€74 | +2.3% |
| Suppliers | 440/4 | €3,266 | €3,340 | +€74 | +2.3% |
| Taxes, remuneration and social security | 45 | €2,172 | €6,323 | +€4,151 | +191% |
| Taxes | 450/3 | €831 | €410 | -€421 | -50.7% |
| Remuneration and social security | 454/9 | €1,341 | €5,913 | +€4,572 | +341% |
| Other amounts payable | 47/48 | €36,388 | €24,302 | -€12,086 | -33.2% |
| Remuneration, social security and pensions | 62 | €4,509 | €27,605 | +€23,096 | +512% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,271 | €4,416 | +€145 | +3.4% |
| Gross operating margin | 9900 | €35,419 | €44,458 | +€9,039 | +25.5% |
| Operating profit (loss) | 9901 | €26,639 | €12,437 | -€14,202 | -53.3% |
| Financial charges | 65/66B | €1,265 | €1,313 | +€48 | +3.8% |
| Recurring financial charges | 65 | €1,265 | €1,313 | +€48 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €25,374 | €11,124 | -€14,250 | -56.2% |
| Income taxes | 67/77 | €1,728 | €4,830 | +€3,102 | +180% |
| Profit (loss) for the period | 9904 | €23,646 | €6,294 | -€17,352 | -73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,646 | €6,294 | -€17,352 | -73.4% |
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 18 October 2026 via checked.be.