HERMEZ: 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.
HERMEZ
Largest movements
- Tangible fixed assets +€130,085
new in 2025: €130,085
- Receivables within one year +€3,355
up €3,355 (+16.1%), from €20,871 to €24,226
of which Trade receivables: +€3,208
- Cash +€1,823
up €1,823 (+132%), from €1,377 to €3,200
mainly Debts after one year (+€104,218) and Other debts (+€19,525)
- Debts after one year +€104,218
new in 2025: €104,218
- Other debts +€19,525
new in 2025: €19,525
- Tax, wage and social debts +€5,632
up €5,632 (+1,539%), from €366 to €5,998
of which Remuneration and social security: +€3,303
- Current portion of long-term debt +€5,282
new in 2025: €5,282
- Staff costs +€17,217
new in 2025: €17,217
- Gross operating margin +€10,517
up €10,517 (+114%), from €9,233 to €19,750
- Other operating charges -€766
down €766 (-53.9%), from €1,420 to €654
- Taxes +€612
new in 2025: €612
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.
Derived cash bridge
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 | €22,308 | €157,571 | +€135,263 | +606% |
| Fixed assets | 21/28 | €60 | €130,145 | +€130,085 | +216,808% |
| Tangible fixed assets | 22/27 | - | €130,085 | +€130,085 | |
| Land and buildings | 22 | - | €130,085 | +€130,085 | |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €22,248 | €27,426 | +€5,178 | +23.3% |
| Amounts receivable within one year | 40/41 | €20,871 | €24,226 | +€3,355 | +16.1% |
| Trade receivables | 40 | €10,734 | €13,942 | +€3,208 | +29.9% |
| Other amounts receivable | 41 | €10,137 | €10,284 | +€147 | +1.5% |
| Cash at bank and in hand | 54/58 | €1,377 | €3,200 | +€1,823 | +132% |
| Total equity and liabilities | 10/49 | €22,308 | €157,571 | +€135,263 | +606% |
| Equity | 10/15 | €21,523 | €22,517 | +€994 | +4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,923 | €3,917 | +€994 | +34.0% |
| Amounts payable | 17/49 | €785 | €135,054 | +€134,269 | +17,104% |
| Amounts payable after more than one year | 17 | - | €104,218 | +€104,218 | |
| Financial debts | 170/4 | - | €104,218 | +€104,218 | |
| Amounts payable within one year | 42/48 | €785 | €30,836 | +€30,051 | +3,828% |
| Current portion of amounts payable after more than one year | 42 | - | €5,282 | +€5,282 | |
| Trade debts | 44 | €419 | €31 | -€388 | -92.6% |
| Suppliers | 440/4 | €419 | €31 | -€388 | -92.6% |
| Taxes, remuneration and social security | 45 | €366 | €5,998 | +€5,632 | +1,539% |
| Taxes | 450/3 | €366 | €2,695 | +€2,329 | +636% |
| Remuneration and social security | 454/9 | - | €3,303 | +€3,303 | |
| Other amounts payable | 47/48 | - | €19,525 | +€19,525 | |
| Remuneration, social security and pensions | 62 | - | €17,217 | +€17,217 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €144 | +€144 | |
| Other operating charges | 640/8 | €1,420 | €654 | -€766 | -53.9% |
| Gross operating margin | 9900 | €9,233 | €19,750 | +€10,517 | +114% |
| Operating profit (loss) | 9901 | €7,813 | €1,735 | -€6,078 | -77.8% |
| Financial charges | 65/66B | - | €129 | +€129 | |
| Recurring financial charges | 65 | - | €129 | +€129 | |
| Profit (loss) for the period before taxes | 9903 | €7,813 | €1,606 | -€6,207 | -79.4% |
| Income taxes | 67/77 | - | €612 | +€612 | |
| Profit (loss) for the period | 9904 | €7,813 | €994 | -€6,819 | -87.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,813 | €994 | -€6,819 | -87.3% |
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 16 October 2026 via checked.be.