HERMES TOM: 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 TOM
Largest movements
- Tangible fixed assets -€7,628
down €7,628 (-3.2%), from €237,287 to €229,659
- Cash +€6,875
up €6,875 (+19.7%), from €34,878 to €41,753
mainly Net result for the year (+€18,044) and Depreciation (+€7,628)
- Reserves +€18,044
up €18,044 (+25.0%), from €72,264 to €90,308
- Trade debts -€12,496
down €12,496 (-65.5%), from €19,083 to €6,587
- Current portion of long-term debt -€11,970
no longer reported in 2025 (was €11,970)
- Tax, wage and social debts +€5,436
up €5,436 (+90.2%), from €6,028 to €11,463
of which Taxes: +€5,036
- Gross operating margin +€10,130
up €10,130 (+40.4%), from €25,075 to €35,206
- Taxes +€2,433
up €2,433 (+86.9%), from €2,801 to €5,234
- Financial charges -€489
down €489 (-12.5%), from €3,923 to €3,434
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 | €274,914 | €275,146 | +€233 | +0.1% |
| Fixed assets | 21/28 | €237,287 | €229,659 | -€7,628 | -3.2% |
| Tangible fixed assets | 22/27 | €237,287 | €229,659 | -€7,628 | -3.2% |
| Land and buildings | 22 | €217,462 | €214,250 | -€3,211 | -1.5% |
| Plant, machinery and equipment | 23 | €7,792 | €6,699 | -€1,093 | -14.0% |
| Furniture and vehicles | 24 | €9,484 | €6,679 | -€2,804 | -29.6% |
| Other tangible fixed assets | 26 | €2,549 | €2,030 | -€519 | -20.4% |
| Current assets | 29/58 | €37,627 | €45,487 | +€7,861 | +20.9% |
| Amounts receivable within one year | 40/41 | €2,748 | €3,734 | +€986 | +35.9% |
| Trade receivables | 40 | - | €1,677 | +€1,677 | |
| Other amounts receivable | 41 | €2,748 | €2,057 | -€692 | -25.2% |
| Cash at bank and in hand | 54/58 | €34,878 | €41,753 | +€6,875 | +19.7% |
| Total equity and liabilities | 10/49 | €274,914 | €275,146 | +€233 | +0.1% |
| Equity | 10/15 | €80,324 | €98,368 | +€18,044 | +22.5% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €72,264 | €90,308 | +€18,044 | +25.0% |
| Distributable reserves | 133 | €72,264 | €90,308 | +€18,044 | +25.0% |
| Amounts payable | 17/49 | €194,589 | €176,779 | -€17,811 | -9.2% |
| Amounts payable after more than one year | 17 | €155,368 | €155,368 | = | 0.0% |
| Financial debts | 170/4 | €155,368 | €155,368 | = | 0.0% |
| Amounts payable within one year | 42/48 | €39,222 | €21,411 | -€17,811 | -45.4% |
| Current portion of amounts payable after more than one year | 42 | €11,970 | - | -€11,970 | |
| Trade debts | 44 | €19,083 | €6,587 | -€12,496 | -65.5% |
| Suppliers | 440/4 | €19,083 | €6,587 | -€12,496 | -65.5% |
| Taxes, remuneration and social security | 45 | €6,028 | €11,463 | +€5,436 | +90.2% |
| Taxes | 450/3 | €4,428 | €9,463 | +€5,036 | +113.7% |
| Remuneration and social security | 454/9 | €1,600 | €2,000 | +€400 | +25.0% |
| Other amounts payable | 47/48 | €2,140 | €3,360 | +€1,220 | +57.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,628 | €7,628 | = | 0.0% |
| Other operating charges | 640/8 | €879 | €1,075 | +€195 | +22.2% |
| Gross operating margin | 9900 | €25,075 | €35,206 | +€10,130 | +40.4% |
| Operating profit (loss) | 9901 | €16,568 | €26,503 | +€9,935 | +60.0% |
| Financial income | 75/76B | €57 | €209 | +€151 | +263.0% |
| Recurring financial income | 75 | €57 | €209 | +€151 | +263.0% |
| Financial charges | 65/66B | €3,923 | €3,434 | -€489 | -12.5% |
| Recurring financial charges | 65 | €3,923 | €3,434 | -€489 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €12,703 | €23,278 | +€10,575 | +83.3% |
| Income taxes | 67/77 | €2,801 | €5,234 | +€2,433 | +86.9% |
| Profit (loss) for the period | 9904 | €9,902 | €18,044 | +€8,142 | +82.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,902 | €18,044 | +€8,142 | +82.2% |
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 9 October 2026 via checked.be.