HERMES ENGINEERING: 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.
HERMES ENGINEERING
Largest movements
- Cash -€33,514
down €33,514 (-10.6%), from €316,970 to €283,456
mainly Other debts (-€37,730) and Accrued charges and deferred income (-€8,870)
- Other debts -€37,730
down €37,730 (-69.7%), from €54,157 to €16,427
- Reserves +€9,059
up €9,059 (+3.3%), from €272,754 to €281,812
of which Distributable reserves: +€9,059
- Accrued charges and deferred income -€8,870
down €8,870 (-36.3%), from €24,403 to €15,533
- Gross operating margin +€7,983
up €7,983 (+409.9%), from €1,947 to €9,930
- Taxes +€2,209
up €2,209, from €0 to €2,209
- Financial income +€462
up €462 (+26.1%), from €1,773 to €2,235
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 | €415,160 | €377,204 | -€37,956 | -9.1% |
| Current assets | 29/58 | €415,160 | €377,204 | -€37,956 | -9.1% |
| Amounts receivable within one year | 40/41 | €2,170 | €277 | -€1,893 | -87.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,170 | €277 | -€1,893 | -87.3% |
| Current investments | 50/53 | €94,677 | €93,471 | -€1,206 | -1.3% |
| Cash at bank and in hand | 54/58 | €316,970 | €283,456 | -€33,514 | -10.6% |
| Deferred charges and accrued income | 490/1 | €1,342 | €0 | -€1,342 | -100.0% |
| Total equity and liabilities | 10/49 | €415,160 | €377,204 | -€37,956 | -9.1% |
| Equity | 10/15 | €334,754 | €343,812 | +€9,059 | +2.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €272,754 | €281,812 | +€9,059 | +3.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €266,554 | €275,612 | +€9,059 | +3.4% |
| Amounts payable | 17/49 | €80,406 | €33,391 | -€47,014 | -58.5% |
| Amounts payable within one year | 42/48 | €56,003 | €17,858 | -€38,144 | -68.1% |
| Trade debts | 44 | €1,846 | €1,398 | -€447 | -24.2% |
| Suppliers | 440/4 | €1,846 | €1,398 | -€447 | -24.2% |
| Taxes, remuneration and social security | 45 | €0 | €33 | +€33 | |
| Taxes | 450/3 | €0 | €33 | +€33 | |
| Other amounts payable | 47/48 | €54,157 | €16,427 | -€37,730 | -69.7% |
| Accrued charges and deferred income | 492/3 | €24,403 | €15,533 | -€8,870 | -36.3% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €1,947 | €9,930 | +€7,983 | +409.9% |
| Operating profit (loss) | 9901 | €1,434 | €9,403 | +€7,969 | +555.6% |
| Financial income | 75/76B | €1,773 | €2,235 | +€462 | +26.1% |
| Recurring financial income | 75 | €1,773 | €2,235 | +€462 | +26.1% |
| Financial charges | 65/66B | €294 | €370 | +€75 | +25.6% |
| Recurring financial charges | 65 | €294 | €370 | +€75 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | €2,913 | €11,268 | +€8,355 | +286.8% |
| Income taxes | 67/77 | €0 | €2,209 | +€2,209 | |
| Profit (loss) for the period | 9904 | €2,913 | €9,059 | +€6,146 | +211.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,913 | €9,059 | +€6,146 | +211.0% |
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 29 September 2026 via checked.be.