HERMIE PETER: 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.
HERMIE PETER
Largest movements
- Receivables within one year +€8,896
up €8,896 (+17.0%), from €52,294 to €61,189
of which Trade receivables: +€7,460
- Tangible fixed assets -€4,197
down €4,197 (-36.5%), from €11,512 to €7,315
- Profit (loss) carried forward +€4,089
up €4,089 (+5.1%), from €79,627 to €83,716
- Gross operating margin +€2,668
up €2,668 (+61.2%), from €4,358 to €7,026
- Taxes -€2,016
down €2,016, from €572 to -€1,444
- Depreciation -€626
down €626 (-13.0%), from €4,823 to €4,197
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 | €111,466 | €115,875 | +€4,410 | +4.0% |
| Fixed assets | 21/28 | €11,512 | €7,315 | -€4,197 | -36.5% |
| Tangible fixed assets | 22/27 | €11,512 | €7,315 | -€4,197 | -36.5% |
| Land and buildings | 22 | €4,285 | €3,582 | -€703 | -16.4% |
| Plant, machinery and equipment | 23 | €5,802 | €3,734 | -€2,069 | -35.7% |
| Furniture and vehicles | 24 | €1,426 | €0 | -€1,426 | -100% |
| Current assets | 29/58 | €99,953 | €108,560 | +€8,607 | +8.6% |
| Stocks and contracts in progress | 3 | €7,000 | €7,000 | = | 0.0% |
| Contracts in progress | 37 | €7,000 | €7,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €52,294 | €61,189 | +€8,896 | +17.0% |
| Trade receivables | 40 | €6,403 | €13,863 | +€7,460 | +117% |
| Other amounts receivable | 41 | €45,891 | €47,327 | +€1,436 | +3.1% |
| Cash at bank and in hand | 54/58 | €5,086 | €4,253 | -€834 | -16.4% |
| Deferred charges and accrued income | 490/1 | €35,573 | €36,118 | +€545 | +1.5% |
| Total equity and liabilities | 10/49 | €111,466 | €115,875 | +€4,410 | +4.0% |
| Equity | 10/15 | €107,687 | €111,776 | +€4,089 | +3.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,627 | €83,716 | +€4,089 | +5.1% |
| Amounts payable | 17/49 | €3,778 | €4,099 | +€321 | +8.5% |
| Amounts payable within one year | 42/48 | €3,778 | €4,099 | +€321 | +8.5% |
| Trade debts | 44 | €3,778 | €4,099 | +€321 | +8.5% |
| Suppliers | 440/4 | €3,778 | €4,099 | +€321 | +8.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,823 | €4,197 | -€626 | -13.0% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €4,358 | €7,026 | +€2,668 | +61.2% |
| Operating profit (loss) | 9901 | -€606 | €2,685 | +€3,290 | |
| Financial income | 75/76B | €17 | €33 | +€16 | +91.5% |
| Recurring financial income | 75 | €17 | €33 | +€16 | +91.5% |
| Financial charges | 65/66B | €66 | €73 | +€7 | +10.6% |
| Recurring financial charges | 65 | €66 | €73 | +€7 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | -€654 | €2,645 | +€3,299 | |
| Income taxes | 67/77 | €572 | -€1,444 | -€2,016 | |
| Profit (loss) for the period | 9904 | -€1,226 | €4,089 | +€5,315 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,226 | €4,089 | +€5,315 |
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 19 October 2026 via checked.be.