HERMEX: 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.
HERMEX
Largest movements
- Receivables within one year +€68,380
up €68,380 (+156.8%), from €43,599 to €111,979
of which Trade receivables: +€49,928
- Cash -€13,591
down €13,591 (-20.4%), from €66,490 to €52,899
mainly Receivables within one year (-€68,380) and Other debts (-€13,935)
- Tangible fixed assets -€3,115
down €3,115 (-31.1%), from €10,018 to €6,903
of which Other tangible fixed assets: -€2,142
- Profit (loss) carried forward +€59,376
up €59,376, from -€27,873 to €31,503
- Other debts -€13,935
down €13,935 (-96.8%), from €14,389 to €454
- Tax, wage and social debts +€6,139
up €6,139 (+9.8%), from €62,597 to €68,736
of which Remuneration and social security: +€9,131
- Gross operating margin +€26,599
up €26,599 (+12.4%), from €215,364 to €241,963
- Staff costs -€3,665
down €3,665 (-2.0%), from €179,806 to €176,141
- Taxes -€2,726
down €2,726 (-68.1%), from €4,000 to €1,274
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 | €124,762 | €176,435 | +€51,673 | +41.4% |
| Fixed assets | 21/28 | €14,673 | €11,558 | -€3,115 | -21.2% |
| Tangible fixed assets | 22/27 | €10,018 | €6,903 | -€3,115 | -31.1% |
| Plant, machinery and equipment | 23 | €1,467 | €494 | -€973 | -66.3% |
| Other tangible fixed assets | 26 | €8,551 | €6,409 | -€2,142 | -25.0% |
| Financial fixed assets | 28 | €4,655 | €4,655 | = | 0.0% |
| Current assets | 29/58 | €110,089 | €164,878 | +€54,788 | +49.8% |
| Amounts receivable within one year | 40/41 | €43,599 | €111,979 | +€68,380 | +156.8% |
| Trade receivables | 40 | €33,599 | €83,528 | +€49,928 | +148.6% |
| Other amounts receivable | 41 | €10,000 | €28,451 | +€18,451 | +184.5% |
| Cash at bank and in hand | 54/58 | €66,490 | €52,899 | -€13,591 | -20.4% |
| Total equity and liabilities | 10/49 | €124,762 | €176,435 | +€51,673 | +41.4% |
| Equity | 10/15 | €34,314 | €93,689 | +€59,376 | +173.0% |
| Contributions | 10/11 | €62,187 | €62,187 | = | 0.0% |
| Outside capital | 11 | €62,187 | €62,187 | = | 0.0% |
| Other | 1109/19 | €62,187 | €62,187 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,873 | €31,503 | +€59,376 | |
| Amounts payable | 17/49 | €90,449 | €82,746 | -€7,703 | -8.5% |
| Amounts payable within one year | 42/48 | €90,449 | €82,746 | -€7,703 | -8.5% |
| Trade debts | 44 | €13,462 | €13,556 | +€94 | +0.7% |
| Suppliers | 440/4 | €13,462 | €13,556 | +€94 | +0.7% |
| Taxes, remuneration and social security | 45 | €62,597 | €68,736 | +€6,139 | +9.8% |
| Taxes | 450/3 | €30,489 | €27,497 | -€2,992 | -9.8% |
| Remuneration and social security | 454/9 | €32,109 | €41,240 | +€9,131 | +28.4% |
| Other amounts payable | 47/48 | €14,389 | €454 | -€13,935 | -96.8% |
| Remuneration, social security and pensions | 62 | €179,806 | €176,141 | -€3,665 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,903 | €3,115 | +€1,212 | +63.7% |
| Other operating charges | 640/8 | €1,309 | €853 | -€456 | -34.8% |
| Gross operating margin | 9900 | €215,364 | €241,963 | +€26,599 | +12.4% |
| Operating profit (loss) | 9901 | €32,347 | €61,854 | +€29,507 | +91.2% |
| Financial charges | 65/66B | €603 | €1,204 | +€601 | +99.7% |
| Recurring financial charges | 65 | €603 | €1,204 | +€601 | +99.7% |
| Profit (loss) for the period before taxes | 9903 | €31,744 | €60,650 | +€28,906 | +91.1% |
| Income taxes | 67/77 | €4,000 | €1,274 | -€2,726 | -68.1% |
| Profit (loss) for the period | 9904 | €27,744 | €59,376 | +€31,632 | +114.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,744 | €59,376 | +€31,632 | +114.0% |
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 6 October 2026 via checked.be.