HERMICH: 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.
HERMICH
Largest movements
- Stocks and contracts -€79,865
no longer reported in 2025 (was €79,865)
- Tangible fixed assets -€69,534
down €69,534 (-12.6%), from €552,286 to €482,752
of which Plant, machinery and equipment: -€66,094
- Trade debts -€99,433
down €99,433 (-72.3%), from €137,586 to €38,153
- Debts after one year -€85,714
down €85,714 (-24.0%), from €357,143 to €271,429
- Short-term financial debts +€32,438
new in 2025: €32,438
- Current portion of long-term debt -€26,250
down €26,250 (-23.4%), from €111,964 to €85,714
- Profit (loss) carried forward +€22,691
up €22,691 (+12.4%), from €183,032 to €205,723
- Staff costs +€20,223
up €20,223 (+314.8%), from €6,424 to €26,647
- Depreciation -€13,774
down €13,774 (-16.5%), from €83,308 to €69,534
- Gross operating margin -€6,572
down €6,572 (-4.4%), from €148,725 to €142,153
- Financial charges -€2,368
down €2,368 (-11.5%), from €20,677 to €18,309
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 | €821,390 | €680,236 | -€141,154 | -17.2% |
| Fixed assets | 21/28 | €552,466 | €482,932 | -€69,534 | -12.6% |
| Tangible fixed assets | 22/27 | €552,286 | €482,752 | -€69,534 | -12.6% |
| Land and buildings | 22 | €37,589 | €36,013 | -€1,576 | -4.2% |
| Plant, machinery and equipment | 23 | €506,725 | €440,631 | -€66,094 | -13.0% |
| Furniture and vehicles | 24 | €7,972 | €6,108 | -€1,864 | -23.4% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €268,924 | €197,304 | -€71,620 | -26.6% |
| Stocks and contracts in progress | 3 | €79,865 | - | -€79,865 | |
| Stocks | 30/36 | €79,865 | - | -€79,865 | |
| Amounts receivable within one year | 40/41 | €165,704 | €167,736 | +€2,032 | +1.2% |
| Trade receivables | 40 | €42,822 | €49,254 | +€6,432 | +15.0% |
| Other amounts receivable | 41 | €122,882 | €118,482 | -€4,400 | -3.6% |
| Cash at bank and in hand | 54/58 | €23,355 | €29,568 | +€6,213 | +26.6% |
| Total equity and liabilities | 10/49 | €821,390 | €680,236 | -€141,154 | -17.2% |
| Equity | 10/15 | €203,492 | €226,183 | +€22,691 | +11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,032 | €205,723 | +€22,691 | +12.4% |
| Amounts payable | 17/49 | €617,897 | €454,053 | -€163,845 | -26.5% |
| Amounts payable after more than one year | 17 | €357,143 | €271,429 | -€85,714 | -24.0% |
| Financial debts | 170/4 | €357,143 | €271,429 | -€85,714 | -24.0% |
| Amounts payable within one year | 42/48 | €259,676 | €181,546 | -€78,130 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €111,964 | €85,714 | -€26,250 | -23.4% |
| Financial debts | 43 | - | €32,438 | +€32,438 | |
| Credit institutions | 430/8 | - | €32,438 | +€32,438 | |
| Trade debts | 44 | €137,586 | €38,153 | -€99,433 | -72.3% |
| Suppliers | 440/4 | €137,586 | €38,153 | -€99,433 | -72.3% |
| Taxes, remuneration and social security | 45 | €10,126 | €25,241 | +€15,115 | +149.3% |
| Taxes | 450/3 | €7,100 | €19,292 | +€12,192 | +171.7% |
| Remuneration and social security | 454/9 | €3,026 | €5,949 | +€2,923 | +96.6% |
| Accrued charges and deferred income | 492/3 | €1,078 | €1,078 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €6,424 | €26,647 | +€20,223 | +314.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,308 | €69,534 | -€13,774 | -16.5% |
| Other operating charges | 640/8 | €3,012 | €2,959 | -€52 | -1.7% |
| Gross operating margin | 9900 | €148,725 | €142,153 | -€6,572 | -4.4% |
| Operating profit (loss) | 9901 | €55,982 | €43,013 | -€12,969 | -23.2% |
| Financial income | 75/76B | €6,061 | €5,837 | -€224 | -3.7% |
| Recurring financial income | 75 | €6,061 | €5,837 | -€224 | -3.7% |
| Financial charges | 65/66B | €20,677 | €18,309 | -€2,368 | -11.5% |
| Recurring financial charges | 65 | €20,677 | €18,309 | -€2,368 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €41,366 | €30,541 | -€10,825 | -26.2% |
| Income taxes | 67/77 | €7,000 | €7,850 | +€850 | +12.1% |
| Profit (loss) for the period | 9904 | €34,366 | €22,691 | -€11,675 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,366 | €22,691 | -€11,675 | -34.0% |
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 1 October 2026 via checked.be.