HERMÈS LINES: 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.
HERMÈS LINES
Largest movements
- Tangible fixed assets +€44,152
up €44,152 (+348.7%), from €12,663 to €56,815
- Receivables within one year +€35,506
up €35,506 (+36.9%), from €96,218 to €131,724
of which Other amounts receivable: +€41,195
- Cash +€28,936
up €28,936 (+38.7%), from €74,795 to €103,731
mainly Trade debts (+€81,585) and Tax, wage and social debts (+€32,953)
- Trade debts +€81,585
up €81,585 (+143.4%), from €56,901 to €138,486
- Tax, wage and social debts +€32,953
up €32,953 (+44.9%), from €73,440 to €106,393
of which Remuneration and social security: +€29,811
- Profit (loss) carried forward -€5,943
down €5,943 (-5.2%), from -€114,265 to -€120,208
- Gross operating margin -€102,502
down €102,502 (-23.1%), from €444,602 to €342,100
- Staff costs +€38,553
up €38,553 (+13.4%), from €288,591 to €327,144
- Depreciation +€17,755
up €17,755 (+698.8%), from €2,541 to €20,296
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €185,679 | €294,273 | +€108,594 | +58.5% |
| Fixed assets | 21/28 | €14,666 | €58,818 | +€44,152 | +301.1% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €12,663 | €56,815 | +€44,152 | +348.7% |
| Furniture and vehicles | 24 | €12,663 | €56,815 | +€44,152 | +348.7% |
| Financial fixed assets | 28 | €2,003 | €2,003 | +€0 | 0.0% |
| Current assets | 29/58 | €171,013 | €235,455 | +€64,442 | +37.7% |
| Amounts receivable within one year | 40/41 | €96,218 | €131,724 | +€35,506 | +36.9% |
| Trade receivables | 40 | €73,343 | €67,654 | -€5,689 | -7.8% |
| Other amounts receivable | 41 | €22,875 | €64,070 | +€41,195 | +180.1% |
| Cash at bank and in hand | 54/58 | €74,795 | €103,731 | +€28,936 | +38.7% |
| Total equity and liabilities | 10/49 | €185,679 | €294,273 | +€108,594 | +58.5% |
| Equity | 10/15 | -€64,265 | -€70,208 | -€5,943 | -9.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | €50,000 | €50,000 | = | 0.0% |
| Issued capital | 100 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,265 | -€120,208 | -€5,943 | -5.2% |
| Amounts payable | 17/49 | €249,944 | €364,481 | +€114,537 | +45.8% |
| Amounts payable within one year | 42/48 | €249,944 | €364,481 | +€114,537 | +45.8% |
| Trade debts | 44 | €56,901 | €138,486 | +€81,585 | +143.4% |
| Suppliers | 440/4 | €56,901 | €138,486 | +€81,585 | +143.4% |
| Taxes, remuneration and social security | 45 | €73,440 | €106,393 | +€32,953 | +44.9% |
| Taxes | 450/3 | €41,186 | €44,328 | +€3,142 | +7.6% |
| Remuneration and social security | 454/9 | €32,254 | €62,065 | +€29,811 | +92.4% |
| Other amounts payable | 47/48 | €119,602 | €119,602 | -€0 | 0.0% |
| Remuneration, social security and pensions | 62 | €288,591 | €327,144 | +€38,553 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,541 | €20,296 | +€17,755 | +698.8% |
| Other operating charges | 640/8 | €3,289 | €357 | -€2,932 | -89.1% |
| Gross operating margin | 9900 | €444,602 | €342,100 | -€102,502 | -23.1% |
| Operating profit (loss) | 9901 | €150,181 | -€5,697 | -€155,878 | |
| Financial charges | 65/66B | €10 | €246 | +€236 | +2451.9% |
| Recurring financial charges | 65 | €10 | €246 | +€236 | +2451.9% |
| Profit (loss) for the period before taxes | 9903 | €150,171 | -€5,943 | -€156,114 | |
| Profit (loss) for the period | 9904 | €150,171 | -€5,943 | -€156,114 | |
| Profit (loss) for the period to be appropriated | 9905 | €150,171 | -€5,943 | -€156,114 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.