Hermatrans: 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.
Hermatrans
Largest movements
- Tangible fixed assets -€187,499
down €187,499 (-35.6%), from €526,932 to €339,433
of which Furniture and vehicles: -€185,732
- Cash +€150,881
up €150,881 (+230%), from €65,575 to €216,456
mainly Depreciation (+€187,499) and Net result for the year (+€143,719)
- Receivables within one year -€79,901
down €79,901 (-9.1%), from €877,190 to €797,288
of which Trade receivables: -€80,294
- Other debts -€250,000
no longer reported in 2025 (was €250,000)
- Reserves +€143,719
up €143,719 (+14.4%), from €1.0m to €1.1m
of which Distributable reserves: +€143,719
- Trade debts -€37,240
down €37,240 (-25.5%), from €145,995 to €108,755
- Staff costs +€100,049
up €100,049 (+17.0%), from €589,609 to €689,658
- Taxes -€20,726
down €20,726 (-28.8%), from €72,074 to €51,348
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 | €1,788,972 | €1,663,240 | -€125,732 | -7.0% |
| Fixed assets | 21/28 | €528,171 | €340,672 | -€187,499 | -35.5% |
| Tangible fixed assets | 22/27 | €526,932 | €339,433 | -€187,499 | -35.6% |
| Plant, machinery and equipment | 23 | €3,628 | €1,861 | -€1,767 | -48.7% |
| Furniture and vehicles | 24 | €523,304 | €337,572 | -€185,732 | -35.5% |
| Financial fixed assets | 28 | €1,239 | €1,239 | = | 0.0% |
| Current assets | 29/58 | €1,260,800 | €1,322,567 | +€61,767 | +4.9% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €877,190 | €797,288 | -€79,901 | -9.1% |
| Trade receivables | 40 | €842,076 | €761,783 | -€80,294 | -9.5% |
| Other amounts receivable | 41 | €35,113 | €35,506 | +€392 | +1.1% |
| Cash at bank and in hand | 54/58 | €65,575 | €216,456 | +€150,881 | +230% |
| Deferred charges and accrued income | 490/1 | €18,035 | €8,822 | -€9,213 | -51.1% |
| Total equity and liabilities | 10/49 | €1,788,972 | €1,663,240 | -€125,732 | -7.0% |
| Equity | 10/15 | €1,300,522 | €1,444,241 | +€143,719 | +11.1% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €1,000,522 | €1,144,241 | +€143,719 | +14.4% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,500 | €32,500 | = | 0.0% |
| Distributable reserves | 133 | €938,022 | €1,081,741 | +€143,719 | +15.3% |
| Amounts payable | 17/49 | €488,450 | €218,999 | -€269,451 | -55.2% |
| Amounts payable within one year | 42/48 | €487,481 | €217,276 | -€270,205 | -55.4% |
| Trade debts | 44 | €145,995 | €108,755 | -€37,240 | -25.5% |
| Suppliers | 440/4 | €145,995 | €108,755 | -€37,240 | -25.5% |
| Taxes, remuneration and social security | 45 | €91,485 | €108,521 | +€17,035 | +18.6% |
| Taxes | 450/3 | €15,240 | €31,413 | +€16,173 | +106% |
| Remuneration and social security | 454/9 | €76,245 | €77,108 | +€863 | +1.1% |
| Other amounts payable | 47/48 | €250,000 | - | -€250,000 | |
| Accrued charges and deferred income | 492/3 | €969 | €1,723 | +€754 | +77.8% |
| Remuneration, social security and pensions | 62 | €589,609 | €689,658 | +€100,049 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192,864 | €187,499 | -€5,365 | -2.8% |
| Other operating charges | 640/8 | €11,826 | €9,945 | -€1,880 | -15.9% |
| Gross operating margin | 9900 | €1,070,508 | €1,080,025 | +€9,517 | +0.9% |
| Operating profit (loss) | 9901 | €276,210 | €192,923 | -€83,287 | -30.2% |
| Financial income | 75/76B | €3,000 | €3,000 | = | 0.0% |
| Recurring financial income | 75 | €3,000 | €3,000 | = | 0.0% |
| Financial charges | 65/66B | €834 | €856 | +€22 | +2.6% |
| Recurring financial charges | 65 | €834 | €856 | +€22 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €278,376 | €195,067 | -€83,309 | -29.9% |
| Income taxes | 67/77 | €72,074 | €51,348 | -€20,726 | -28.8% |
| Profit (loss) for the period | 9904 | €206,302 | €143,719 | -€62,583 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €206,302 | €143,719 | -€62,583 | -30.3% |
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 13 October 2026 via checked.be.