HERMES 2031: 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.
What changed
HERMES 2031
NACE 82.100, Office administrative and support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€209,367
2024 · -€137,543+€346,910
Equity
€212,974
2024 · €3,607+€209,367
Cash
€4,799
2024 · €2,859+€1,940
Balance sheet total
€1.4m
2024 · €1.2m+€245,258
Largest movements
Assets
- Receivables within one year +€282,550
up €282,550 (+84.0%), from €336,226 to €618,775
of which Trade receivables: +€297,316
- Tangible fixed assets -€39,238
down €39,238 (-94.1%), from €41,716 to €2,478
Equity and liabilities
- Profit (loss) carried forward +€209,367
up €209,367, from -€65,413 to €143,954
- Other debts +€197,326
up €197,326 (+93.9%), from €210,189 to €407,515
- Trade debts -€180,568
down €180,568 (-99.4%), from €181,619 to €1,051
- Tax, wage and social debts +€37,221
up €37,221 (+277%), from €13,453 to €50,674
of which Remuneration and social security: +€24,000
Income statement
- Gross operating margin +€457,761
up €457,761, from -€91,957 to €365,804
- Taxes +€106,811
up €106,811 (+20,738%), from €515 to €107,326
- Other operating charges +€3,695
up €3,695 (+325%), from €1,135 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.
Result 2024
-€137,543
Gross operating margin
+€457,761
Provisions
+€196
Other operating charges
-€3,695
Other operating items
-€1,367
Financial income
-€0
Financial charges
+€826
Taxes
-€106,811
Result 2025
€209,367
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€20,661
Investment
+€36,367
Financing
-€13,766
Cash 2024
€2,859
From operations (derived)
-€20,661
Net result for the year
+€209,367
Depreciation
+€2,871
Receivables within one year
-€282,550
Deferred charges and accrued income
-€6
Provisions
-€4,321
Trade debts
-€180,568
Tax, wage and social debts
+€37,221
Other debts
+€197,326
Investment (derived)
+€36,367
Investment in fixed assets (net)
+€36,367
Financing
-€13,766
Debts after one year
-€13,810
Current portion of long-term debt
+€43
Cash 2025
€4,799
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,182,817 | €1,428,075 | +€245,258 | +20.7% |
| Fixed assets | 21/28 | €843,216 | €803,978 | -€39,238 | -4.7% |
| Tangible fixed assets | 22/27 | €41,716 | €2,478 | -€39,238 | -94.1% |
| Furniture and vehicles | 24 | €41,716 | €2,478 | -€39,238 | -94.1% |
| Financial fixed assets | 28 | €801,500 | €801,500 | = | 0.0% |
| Current assets | 29/58 | €339,601 | €624,097 | +€284,496 | +83.8% |
| Amounts receivable within one year | 40/41 | €336,226 | €618,775 | +€282,550 | +84.0% |
| Trade receivables | 40 | €274,261 | €571,577 | +€297,316 | +108% |
| Other amounts receivable | 41 | €61,965 | €47,199 | -€14,766 | -23.8% |
| Cash at bank and in hand | 54/58 | €2,859 | €4,799 | +€1,940 | +67.9% |
| Deferred charges and accrued income | 490/1 | €516 | €522 | +€6 | +1.2% |
| Total equity and liabilities | 10/49 | €1,182,817 | €1,428,075 | +€245,258 | +20.7% |
| Equity | 10/15 | €3,607 | €212,974 | +€209,367 | +5,805% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €62,820 | €62,820 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €60,960 | €60,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,413 | €143,954 | +€209,367 | |
| Provisions and deferred taxes | 16 | €741,619 | €737,298 | -€4,321 | -0.6% |
| Provisions for liabilities and charges | 160/5 | €741,619 | €737,298 | -€4,321 | -0.6% |
| Other liabilities and charges | 164/5 | €741,619 | €737,298 | -€4,321 | -0.6% |
| Amounts payable | 17/49 | €437,591 | €477,803 | +€40,212 | +9.2% |
| Amounts payable after more than one year | 17 | €19,703 | €5,894 | -€13,810 | -70.1% |
| Financial debts | 170/4 | €19,703 | €5,894 | -€13,810 | -70.1% |
| Amounts payable within one year | 42/48 | €417,888 | €471,909 | +€54,021 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €12,626 | €12,669 | +€43 | +0.3% |
| Trade debts | 44 | €181,619 | €1,051 | -€180,568 | -99.4% |
| Suppliers | 440/4 | €181,619 | €1,051 | -€180,568 | -99.4% |
| Taxes, remuneration and social security | 45 | €13,453 | €50,674 | +€37,221 | +277% |
| Taxes | 450/3 | €13,453 | €26,674 | +€13,221 | +98.3% |
| Remuneration and social security | 454/9 | - | €24,000 | +€24,000 | |
| Other amounts payable | 47/48 | €210,189 | €407,515 | +€197,326 | +93.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €12,391 | €0 | -€12,391 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,871 | €2,871 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€4,125 | -€4,321 | -€196 | -4.8% |
| Other operating charges | 640/8 | €1,135 | €4,830 | +€3,695 | +325% |
| Non-recurring operating charges | 66A | - | €1,367 | +€1,367 | |
| Gross operating margin | 9900 | -€91,957 | €365,804 | +€457,761 | |
| Operating profit (loss) | 9901 | -€91,838 | €361,057 | +€452,895 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €45,190 | €44,364 | -€826 | -1.8% |
| Recurring financial charges | 65 | €45,190 | €44,364 | -€826 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | -€137,028 | €316,693 | +€453,721 | |
| Income taxes | 67/77 | €515 | €107,326 | +€106,811 | +20,738% |
| Profit (loss) for the period | 9904 | -€137,543 | €209,367 | +€346,910 | |
| Profit (loss) for the period to be appropriated | 9905 | -€137,543 | €209,367 | +€346,910 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.