HERMAR: 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.
HERMAR
Largest movements
- Stocks and contracts -€26,000
no longer reported in 2025 (was €26,000)
- Receivables within one year -€8,086
down €8,086 (-11.0%), from €73,455 to €65,369
of which Other amounts receivable: -€30,086
- Cash +€6,681
up €6,681 (+129%), from €5,182 to €11,864
mainly Stocks and contracts (+€26,000) and Net result for the year (+€25,333)
- Tangible fixed assets -€1,994
down €1,994 (-13.0%), from €15,355 to €13,360
of which Furniture and vehicles: -€2,630
- Trade debts -€14,189
down €14,189 (-86.8%), from €16,346 to €2,157
- Reserves -€13,930
down €13,930 (-16.6%), from €83,978 to €70,049
of which Distributable reserves: -€13,930
- Current portion of long-term debt -€2,752
no longer reported in 2025 (was €2,752)
- Short-term financial debts +€2,691
new in 2025: €2,691
- Purchases and services -€338,604
no longer reported in 2025 (was €338,604)
- Staff costs -€6,256
down €6,256 (-9.6%), from €65,213 to €58,957
- Gross operating margin -€4,288
down €4,288 (-4.2%), from €100,964 to €96,676
- Taxes +€1,256
up €1,256 (+21.9%), from €5,735 to €6,990
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 | €123,038 | €93,629 | -€29,409 | -23.9% |
| Fixed assets | 21/28 | €15,355 | €13,360 | -€1,994 | -13.0% |
| Tangible fixed assets | 22/27 | €15,355 | €13,360 | -€1,994 | -13.0% |
| Plant, machinery and equipment | 23 | €1,401 | €2,274 | +€873 | +62.3% |
| Furniture and vehicles | 24 | €12,647 | €10,017 | -€2,630 | -20.8% |
| Other tangible fixed assets | 26 | €1,306 | €1,069 | -€237 | -18.1% |
| Current assets | 29/58 | €107,684 | €80,269 | -€27,415 | -25.5% |
| Stocks and contracts in progress | 3 | €26,000 | - | -€26,000 | |
| Contracts in progress | 37 | €26,000 | - | -€26,000 | |
| Amounts receivable within one year | 40/41 | €73,455 | €65,369 | -€8,086 | -11.0% |
| Trade receivables | 40 | €12,500 | €34,500 | +€22,000 | +176% |
| Other amounts receivable | 41 | €60,955 | €30,869 | -€30,086 | -49.4% |
| Cash at bank and in hand | 54/58 | €5,182 | €11,864 | +€6,681 | +129% |
| Deferred charges and accrued income | 490/1 | €3,046 | €3,036 | -€11 | -0.3% |
| Total equity and liabilities | 10/49 | €123,038 | €93,629 | -€29,409 | -23.9% |
| Equity | 10/15 | €101,124 | €87,194 | -€13,930 | -13.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €83,978 | €70,049 | -€13,930 | -16.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,496 | €5,496 | = | 0.0% |
| Distributable reserves | 133 | €76,623 | €62,693 | -€13,930 | -18.2% |
| Profit (loss) carried forward | 14 | €10,945 | €10,945 | = | 0.0% |
| Amounts payable | 17/49 | €21,915 | €6,435 | -€15,479 | -70.6% |
| Amounts payable within one year | 42/48 | €21,915 | €6,435 | -€15,479 | -70.6% |
| Current portion of amounts payable after more than one year | 42 | €2,752 | - | -€2,752 | |
| Financial debts | 43 | - | €2,691 | +€2,691 | |
| Credit institutions | 430/8 | - | €2,691 | +€2,691 | |
| Trade debts | 44 | €16,346 | €2,157 | -€14,189 | -86.8% |
| Suppliers | 440/4 | €16,346 | €2,157 | -€14,189 | -86.8% |
| Taxes, remuneration and social security | 45 | €2,817 | €1,587 | -€1,229 | -43.6% |
| Taxes | 450/3 | €911 | €1,587 | +€676 | +74.3% |
| Remuneration and social security | 454/9 | €1,906 | - | -€1,906 | |
| Goods, raw materials, services and sundry goods | 60/61 | €338,604 | - | -€338,604 | |
| Remuneration, social security and pensions | 62 | €65,213 | €58,957 | -€6,256 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,280 | €7,494 | +€213 | +2.9% |
| Other operating charges | 640/8 | €970 | €1,197 | +€227 | +23.5% |
| Gross operating margin | 9900 | €100,964 | €96,676 | -€4,288 | -4.2% |
| Operating profit (loss) | 9901 | €27,500 | €29,027 | +€1,527 | +5.6% |
| Financial income | 75/76B | €4,084 | €3,876 | -€208 | -5.1% |
| Recurring financial income | 75 | €4,084 | €3,876 | -€208 | -5.1% |
| Financial charges | 65/66B | €1,077 | €580 | -€497 | -46.1% |
| Recurring financial charges | 65 | €1,077 | €580 | -€497 | -46.1% |
| Profit (loss) for the period before taxes | 9903 | €30,508 | €32,323 | +€1,815 | +6.0% |
| Income taxes | 67/77 | €5,735 | €6,990 | +€1,256 | +21.9% |
| Profit (loss) for the period | 9904 | €24,773 | €25,333 | +€560 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,773 | €25,333 | +€560 | +2.3% |
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 14 October 2026 via checked.be.