HERMIBOUW: 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.
HERMIBOUW
Largest movements
- Receivables within one year +€51,119
up €51,119 (+10.8%), from €471,766 to €522,885
of which Other amounts receivable: +€51,119
- Other debts +€69,854
up €69,854 (+22.6%), from €309,092 to €378,946
- Reserves -€10,508
down €10,508 (-2.7%), from €382,710 to €372,202
of which Distributable reserves: -€10,508
- Depreciation +€3,497
new in 2025: €3,497
- Gross operating margin +€1,385
up €1,385, from -€96 to €1,289
- Other operating charges -€468
down €468 (-40.5%), from €1,155 to €687
From the 2022 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €799,830 | €858,942 | +€59,112 | +7.4% |
| Fixed assets | 21/28 | €37,250 | €44,829 | +€7,579 | +20.3% |
| Tangible fixed assets | 22/27 | - | €7,579 | +€7,579 | |
| Furniture and vehicles | 24 | - | €7,579 | +€7,579 | |
| Financial fixed assets | 28 | €37,250 | €37,250 | = | 0.0% |
| Current assets | 29/58 | €762,580 | €814,113 | +€51,533 | +6.8% |
| Amounts receivable after more than one year | 29 | €115,830 | €115,830 | = | 0.0% |
| Other amounts receivable | 291 | €115,830 | €115,830 | = | 0.0% |
| Stocks and contracts in progress | 3 | €174,961 | €174,961 | = | 0.0% |
| Stocks | 30/36 | €174,961 | €174,961 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €471,766 | €522,885 | +€51,119 | +10.8% |
| Trade receivables | 40 | €62,590 | €62,590 | = | 0.0% |
| Other amounts receivable | 41 | €409,176 | €460,295 | +€51,119 | +12.5% |
| Cash at bank and in hand | 54/58 | €22 | €437 | +€415 | +1,846% |
| Total equity and liabilities | 10/49 | €799,830 | €858,942 | +€59,112 | +7.4% |
| Equity | 10/15 | €489,817 | €479,309 | -€10,508 | -2.1% |
| Contributions | 10/11 | €63,800 | €63,800 | = | 0.0% |
| Capital | 10 | €63,800 | €63,800 | = | 0.0% |
| Issued capital | 100 | €63,800 | €63,800 | = | 0.0% |
| Revaluation surpluses | 12 | €43,307 | €43,307 | = | 0.0% |
| Reserves | 13 | €382,710 | €372,202 | -€10,508 | -2.7% |
| Non-distributable reserves | 130/1 | €6,380 | €6,380 | = | 0.0% |
| Legal reserve | 130 | €6,380 | €6,380 | = | 0.0% |
| Distributable reserves | 133 | €376,330 | €365,822 | -€10,508 | -2.8% |
| Amounts payable | 17/49 | €310,012 | €379,633 | +€69,621 | +22.5% |
| Amounts payable within one year | 42/48 | €310,012 | €378,946 | +€68,934 | +22.2% |
| Trade debts | 44 | €920 | - | -€920 | |
| Suppliers | 440/4 | €920 | - | -€920 | |
| Other amounts payable | 47/48 | €309,092 | €378,946 | +€69,854 | +22.6% |
| Accrued charges and deferred income | 492/3 | - | €687 | +€687 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,497 | +€3,497 | |
| Other operating charges | 640/8 | €1,155 | €687 | -€468 | -40.5% |
| Gross operating margin | 9900 | -€96 | €1,289 | +€1,385 | |
| Operating profit (loss) | 9901 | -€1,251 | -€2,895 | -€1,644 | -131% |
| Financial charges | 65/66B | €9 | - | -€9 | |
| Recurring financial charges | 65 | €9 | - | -€9 | |
| Profit (loss) for the period before taxes | 9903 | -€1,260 | -€2,895 | -€1,636 | -130% |
| Profit (loss) for the period | 9904 | -€1,260 | -€2,895 | -€1,636 | -130% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,260 | -€2,895 | -€1,636 | -130% |
Source: filed annual accounts (NBB), financial years ended 30 September 2022 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.