HERMES TECHNICS: 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 TECHNICS
Largest movements
- Cash +€60,978
up €60,978 (+231.3%), from €26,362 to €87,340
mainly Net result for the year (+€23,911) and Trade debts (+€21,382)
- Receivables within one year -€10,333
down €10,333 (-10.9%), from €94,887 to €84,554
of which Trade receivables: -€9,722
- Reserves +€23,911
up €23,911 (+26.2%), from €91,424 to €115,335
of which Distributable reserves: +€15,103
- Trade debts +€21,382
up €21,382 (+82.4%), from €25,952 to €47,334
- Provisions +€2,202
new in 2025: €2,202
- Gross operating margin +€14,526
up €14,526 (+73.8%), from €19,683 to €34,208
- Other operating charges +€1,614
up €1,614 (+681.8%), from €237 to €1,851
- Taxes +€896
up €896 (+16.8%), from €5,343 to €6,239
- Financial income +€823
up €823 (+1698.7%), from €48 to €871
- Depreciation -€720
down €720 (-78.4%), from €918 to €198
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 | €149,281 | €197,985 | +€48,704 | +32.6% |
| Fixed assets | 21/28 | €839 | €437 | -€402 | -47.9% |
| Tangible fixed assets | 22/27 | €839 | €437 | -€402 | -47.9% |
| Furniture and vehicles | 24 | €839 | €437 | -€402 | -47.9% |
| Current assets | 29/58 | €148,442 | €197,548 | +€49,106 | +33.1% |
| Amounts receivable after more than one year | 29 | €26,105 | €25,653 | -€452 | -1.7% |
| Trade receivables | 290 | €25,653 | €25,653 | = | 0.0% |
| Other amounts receivable | 291 | €452 | - | -€452 | |
| Amounts receivable within one year | 40/41 | €94,887 | €84,554 | -€10,333 | -10.9% |
| Trade receivables | 40 | €73,536 | €63,814 | -€9,722 | -13.2% |
| Other amounts receivable | 41 | €21,351 | €20,740 | -€611 | -2.9% |
| Cash at bank and in hand | 54/58 | €26,362 | €87,340 | +€60,978 | +231.3% |
| Deferred charges and accrued income | 490/1 | €1,088 | - | -€1,088 | |
| Total equity and liabilities | 10/49 | €149,281 | €197,985 | +€48,704 | +32.6% |
| Equity | 10/15 | €111,876 | €135,786 | +€23,911 | +21.4% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €91,424 | €115,335 | +€23,911 | +26.2% |
| Tax-exempt reserves | 132 | - | €8,807 | +€8,807 | |
| Distributable reserves | 133 | €91,424 | €106,528 | +€15,103 | +16.5% |
| Provisions and deferred taxes | 16 | - | €2,202 | +€2,202 | |
| Deferred taxes | 168 | - | €2,202 | +€2,202 | |
| Amounts payable | 17/49 | €37,405 | €59,997 | +€22,591 | +60.4% |
| Amounts payable within one year | 42/48 | €37,405 | €59,997 | +€22,591 | +60.4% |
| Trade debts | 44 | €25,952 | €47,334 | +€21,382 | +82.4% |
| Suppliers | 440/4 | €25,952 | €47,334 | +€21,382 | +82.4% |
| Taxes, remuneration and social security | 45 | €11,453 | €12,663 | +€1,210 | +10.6% |
| Taxes | 450/3 | €11,453 | €12,663 | +€1,210 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €918 | €198 | -€720 | -78.4% |
| Other operating charges | 640/8 | €237 | €1,851 | +€1,614 | +681.8% |
| Gross operating margin | 9900 | €19,683 | €34,208 | +€14,526 | +73.8% |
| Operating profit (loss) | 9901 | €18,528 | €32,159 | +€13,632 | +73.6% |
| Financial income | 75/76B | €48 | €871 | +€823 | +1698.7% |
| Recurring financial income | 75 | €48 | €871 | +€823 | +1698.7% |
| Financial charges | 65/66B | €648 | €680 | +€31 | +4.8% |
| Recurring financial charges | 65 | €648 | €680 | +€31 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €17,928 | €32,351 | +€14,424 | +80.5% |
| Transfer to deferred taxes | 680 | - | €2,202 | +€2,202 | |
| Income taxes | 67/77 | €5,343 | €6,239 | +€896 | +16.8% |
| Profit (loss) for the period | 9904 | €12,585 | €23,911 | +€11,326 | +90.0% |
| Transfer to tax-exempt reserves | 689 | - | €8,807 | +€8,807 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,585 | €15,103 | +€2,518 | +20.0% |
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 7 October 2026 via checked.be.