HERMES SCIENCE: 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.
HERMES SCIENCE
Largest movements
- Current investments +€500,000
new in 2025: €500,000
- Cash -€366,408
down €366,408 (-59.3%), from €617,804 to €251,397
mainly Current investments (-€500,000) and Tax, wage and social debts (-€13,999)
- Receivables within one year -€59,025
down €59,025 (-54.9%), from €107,488 to €48,463
of which Trade receivables: -€67,558
- Tangible fixed assets -€58,781
down €58,781 (-12.0%), from €489,013 to €430,232
- Profit (loss) carried forward +€34,323
up €34,323 (+3.6%), from €956,388 to €990,711
- Tax, wage and social debts -€13,999
no longer reported in 2025 (was €13,999)
- Gross operating margin -€50,419
down €50,419 (-34.4%), from €146,631 to €96,213
- Financial income -€8,373
down €8,373 (-62.5%), from €13,387 to €5,014
- Taxes +€6,533
up €6,533 (+129.9%), from €5,030 to €11,562
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 | €1,214,305 | €1,230,091 | +€15,786 | +1.3% |
| Fixed assets | 21/28 | €489,013 | €430,232 | -€58,781 | -12.0% |
| Tangible fixed assets | 22/27 | €489,013 | €430,232 | -€58,781 | -12.0% |
| Land and buildings | 22 | €489,013 | €430,232 | -€58,781 | -12.0% |
| Current assets | 29/58 | €725,292 | €799,860 | +€74,567 | +10.3% |
| Amounts receivable within one year | 40/41 | €107,488 | €48,463 | -€59,025 | -54.9% |
| Trade receivables | 40 | €107,488 | €39,930 | -€67,558 | -62.9% |
| Other amounts receivable | 41 | - | €8,533 | +€8,533 | |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €617,804 | €251,397 | -€366,408 | -59.3% |
| Total equity and liabilities | 10/49 | €1,214,305 | €1,230,091 | +€15,786 | +1.3% |
| Equity | 10/15 | €992,795 | €1,025,077 | +€32,282 | +3.3% |
| Contributions | 10/11 | €25,678 | €25,678 | = | 0.0% |
| Reserves | 13 | €10,729 | €8,689 | -€2,040 | -19.0% |
| Non-distributable reserves | 130/1 | €2,568 | €2,568 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,568 | €2,568 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,161 | €6,121 | -€2,040 | -25.0% |
| Profit (loss) carried forward | 14 | €956,388 | €990,711 | +€34,323 | +3.6% |
| Provisions and deferred taxes | 16 | €9,991 | €7,493 | -€2,498 | -25.0% |
| Provisions for liabilities and charges | 160/5 | €9,991 | €7,493 | -€2,498 | -25.0% |
| Environmental obligations | 163 | €9,991 | €7,493 | -€2,498 | -25.0% |
| Amounts payable | 17/49 | €211,519 | €197,521 | -€13,999 | -6.6% |
| Amounts payable within one year | 42/48 | €200,922 | €186,923 | -€13,999 | -7.0% |
| Trade debts | 44 | €1,000 | €1,000 | = | 0.0% |
| Suppliers | 440/4 | €1,000 | €1,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €13,999 | - | -€13,999 | |
| Taxes | 450/3 | €13,999 | - | -€13,999 | |
| Other amounts payable | 47/48 | €185,923 | €185,923 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €10,598 | €10,598 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,781 | €58,781 | = | 0.0% |
| Other operating charges | 640/8 | €1,068 | €1,098 | +€31 | +2.9% |
| Gross operating margin | 9900 | €146,631 | €96,213 | -€50,419 | -34.4% |
| Operating profit (loss) | 9901 | €86,783 | €36,333 | -€50,450 | -58.1% |
| Financial income | 75/76B | €13,387 | €5,014 | -€8,373 | -62.5% |
| Recurring financial income | 75 | €13,387 | €5,014 | -€8,373 | -62.5% |
| Financial charges | 65/66B | €0 | €0 | = | 0.0% |
| Recurring financial charges | 65 | €0 | €0 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €100,169 | €41,347 | -€58,822 | -58.7% |
| Transfer from deferred taxes | 780 | €7,257 | €2,498 | -€4,759 | -65.6% |
| Income taxes | 67/77 | €5,030 | €11,562 | +€6,533 | +129.9% |
| Profit (loss) for the period | 9904 | €102,397 | €32,282 | -€70,114 | -68.5% |
| Transfer from tax-exempt reserves | 789 | €5,637 | €2,040 | -€3,597 | -63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €108,034 | €34,323 | -€73,711 | -68.2% |
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 9 October 2026 via checked.be.