HERMEDIA: what changed
Two fiscal 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.
HERMEDIA
Largest movements
- Current investments +€77,126
up €77,126 (+34.6%), from €222,874 to €300,000
- Cash +€46,392
up €46,392 (+50.7%), from €91,562 to €137,954
mainly Other debts (+€166,227) and Net result for the year (+€91,967)
- Other debts +€166,227
up €166,227 (+297.7%), from €55,841 to €222,068
- Profit (loss) carried forward -€73,033
down €73,033 (-97.6%), from €74,837 to €1,804
- Tax, wage and social debts +€29,723
up €29,723 (+151.5%), from €19,624 to €49,347
of which Taxes: +€22,723
- Gross operating margin +€28,377
up €28,377 (+29.7%), from €95,603 to €123,980
- Other operating charges +€2,032
up €2,032 (+84.2%), from €2,415 to €4,447
- Taxes +€1,692
up €1,692 (+6.1%), from €27,940 to €29,631
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.
Cash bridge derived
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 | €409,041 | €527,166 | +€118,125 | +28.9% |
| Fixed assets | 21/28 | €61,163 | €58,518 | -€2,645 | -4.3% |
| Tangible fixed assets | 22/27 | €61,163 | €58,518 | -€2,645 | -4.3% |
| Furniture and vehicles | 24 | €3,791 | €1,266 | -€2,525 | -66.6% |
| Other tangible fixed assets | 26 | €57,372 | €57,252 | -€120 | -0.2% |
| Current assets | 29/58 | €347,878 | €468,648 | +€120,770 | +34.7% |
| Amounts receivable within one year | 40/41 | €28,869 | €26,277 | -€2,592 | -9.0% |
| Trade receivables | 40 | €28,869 | €26,277 | -€2,592 | -9.0% |
| Current investments | 50/53 | €222,874 | €300,000 | +€77,126 | +34.6% |
| Cash at bank and in hand | 54/58 | €91,562 | €137,954 | +€46,392 | +50.7% |
| Deferred charges and accrued income | 490/1 | €4,573 | €4,418 | -€156 | -3.4% |
| Total equity and liabilities | 10/49 | €409,041 | €527,166 | +€118,125 | +28.9% |
| Equity | 10/15 | €208,959 | €135,926 | -€73,033 | -35.0% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €125,922 | €125,922 | = | 0.0% |
| Distributable reserves | 133 | €125,922 | €125,922 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,837 | €1,804 | -€73,033 | -97.6% |
| Provisions and deferred taxes | 16 | €117,600 | €117,600 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €117,600 | €117,600 | = | 0.0% |
| Pensions and similar obligations | 160 | €117,600 | €117,600 | = | 0.0% |
| Amounts payable | 17/49 | €82,482 | €273,640 | +€191,158 | +231.8% |
| Amounts payable within one year | 42/48 | €79,520 | €273,640 | +€194,120 | +244.1% |
| Trade debts | 44 | €4,056 | €2,225 | -€1,831 | -45.1% |
| Suppliers | 440/4 | €4,056 | €2,225 | -€1,831 | -45.1% |
| Taxes, remuneration and social security | 45 | €19,624 | €49,347 | +€29,723 | +151.5% |
| Taxes | 450/3 | €19,624 | €42,347 | +€22,723 | +115.8% |
| Remuneration and social security | 454/9 | - | €7,000 | +€7,000 | |
| Other amounts payable | 47/48 | €55,841 | €222,068 | +€166,227 | +297.7% |
| Accrued charges and deferred income | 492/3 | €2,962 | - | -€2,962 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,743 | €2,645 | +€902 | +51.8% |
| Other operating charges | 640/8 | €2,415 | €4,447 | +€2,032 | +84.2% |
| Gross operating margin | 9900 | €95,603 | €123,980 | +€28,377 | +29.7% |
| Operating profit (loss) | 9901 | €91,446 | €116,888 | +€25,442 | +27.8% |
| Financial income | 75/76B | €4,111 | €5,203 | +€1,092 | +26.6% |
| Recurring financial income | 75 | €4,111 | €5,203 | +€1,092 | +26.6% |
| Financial charges | 65/66B | €556 | €493 | -€63 | -11.4% |
| Recurring financial charges | 65 | €556 | €493 | -€63 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €95,001 | €121,598 | +€26,597 | +28.0% |
| Income taxes | 67/77 | €27,940 | €29,631 | +€1,692 | +6.1% |
| Profit (loss) for the period | 9904 | €67,062 | €91,967 | +€24,905 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,062 | €91,967 | +€24,905 | +37.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.