HERMIN Consulting: 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.
What changed
HERMIN Consulting
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€239,815
2024 · €686,802-€446,987
Equity
€838,450
2024 · €1.1m-€220,185
Cash
€257,991
2024 · €268,058-€10,068
Balance sheet total
€1.5m
2024 · €1.6m-€78,661
Largest movements
Assets
- Tangible fixed assets -€93,909
down €93,909 (-8.6%), from €1.1m to €1.0m
of which Furniture and vehicles: -€61,143
- Current investments +€25,000
up €25,000 (+12.5%), from €200,000 to €225,000
Equity and liabilities
- Reserves -€220,185
down €220,185 (-26.3%), from €838,635 to €618,450
of which Distributable reserves: -€208,526
- Other debts +€200,000
up €200,000 (+400%), from €50,000 to €250,000
- Current portion of long-term debt -€37,409
down €37,409 (-43.0%), from €86,905 to €49,497
- Tax, wage and social debts -€36,146
down €36,146 (-38.3%), from €94,325 to €58,179
- Debts after one year +€20,810
up €20,810 (+7.4%), from €281,832 to €302,643
of which Other amounts payable: +€70,307
Income statement
- Gross operating margin -€618,399
down €618,399 (-57.1%), from €1.1m to €463,921
- Taxes -€150,713
down €150,713 (-62.8%), from €239,923 to €89,210
- Depreciation -€20,835
down €20,835 (-14.7%), from €141,774 to €120,939
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.
Result 2024
€686,802
Gross operating margin
-€618,399
Depreciation
+€20,835
Other operating charges
+€925
Other operating items
+€3,220
Financial income
-€2,168
Financial charges
-€101
Taxes
+€150,713
Deferred taxes and other
-€2,013
Result 2025
€239,815
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€517,848
Investment
-€51,317
Financing
-€476,598
Cash 2024
€268,058
From operations (derived)
+€517,848
Net result for the year
+€239,815
Depreciation
+€120,939
Receivables within one year
-€3,876
Deferred charges and accrued income
+€2,848
Provisions
-€3,886
Trade debts
-€2,002
Tax, wage and social debts
-€36,146
Other debts
+€200,000
Accrued charges and deferred income
+€157
Investment (derived)
-€51,317
Investment in fixed assets (net)
-€26,317
Current investments
-€25,000
Financing
-€476,598
Debts after one year
+€20,810
Current portion of long-term debt
-€37,409
Contributions, distributions and other
-€460,000
Cash 2025
€257,991
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,605,742 | €1,527,081 | -€78,661 | -4.9% |
| Fixed assets | 21/28 | €1,101,536 | €1,006,914 | -€94,622 | -8.6% |
| Intangible fixed assets | 21 | €3,191 | €2,478 | -€713 | -22.3% |
| Tangible fixed assets | 22/27 | €1,098,345 | €1,004,436 | -€93,909 | -8.6% |
| Land and buildings | 22 | €844,542 | €811,268 | -€33,274 | -3.9% |
| Plant, machinery and equipment | 23 | €1,274 | €532 | -€742 | -58.2% |
| Furniture and vehicles | 24 | €239,778 | €178,635 | -€61,143 | -25.5% |
| Other tangible fixed assets | 26 | €12,750 | €14,000 | +€1,250 | +9.8% |
| Current assets | 29/58 | €504,206 | €520,167 | +€15,961 | +3.2% |
| Amounts receivable within one year | 40/41 | €26,041 | €29,917 | +€3,876 | +14.9% |
| Trade receivables | 40 | €26,041 | €26,670 | +€629 | +2.4% |
| Other amounts receivable | 41 | - | €3,247 | +€3,247 | |
| Current investments | 50/53 | €200,000 | €225,000 | +€25,000 | +12.5% |
| Cash at bank and in hand | 54/58 | €268,058 | €257,991 | -€10,068 | -3.8% |
| Deferred charges and accrued income | 490/1 | €10,107 | €7,259 | -€2,848 | -28.2% |
| Total equity and liabilities | 10/49 | €1,605,742 | €1,527,081 | -€78,661 | -4.9% |
| Equity | 10/15 | €1,058,635 | €838,450 | -€220,185 | -20.8% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €838,635 | €618,450 | -€220,185 | -26.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €284,831 | €273,172 | -€11,659 | -4.1% |
| Distributable reserves | 133 | €553,804 | €345,278 | -€208,526 | -37.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €24,777 | €20,891 | -€3,886 | -15.7% |
| Deferred taxes | 168 | €24,777 | €20,891 | -€3,886 | -15.7% |
| Amounts payable | 17/49 | €522,330 | €667,740 | +€145,410 | +27.8% |
| Amounts payable after more than one year | 17 | €281,832 | €302,643 | +€20,810 | +7.4% |
| Financial debts | 170/4 | €269,666 | €220,169 | -€49,497 | -18.4% |
| Other amounts payable | 178/9 | €12,167 | €82,474 | +€70,307 | +578% |
| Amounts payable within one year | 42/48 | €240,391 | €364,834 | +€124,443 | +51.8% |
| Current portion of amounts payable after more than one year | 42 | €86,905 | €49,497 | -€37,409 | -43.0% |
| Trade debts | 44 | €9,161 | €7,159 | -€2,002 | -21.9% |
| Suppliers | 440/4 | €9,161 | €7,159 | -€2,002 | -21.9% |
| Taxes, remuneration and social security | 45 | €94,325 | €58,179 | -€36,146 | -38.3% |
| Taxes | 450/3 | €94,325 | €58,179 | -€36,146 | -38.3% |
| Other amounts payable | 47/48 | €50,000 | €250,000 | +€200,000 | +400% |
| Accrued charges and deferred income | 492/3 | €106 | €263 | +€157 | +147% |
| Non-recurring operating income | 76A | €22,685 | €0 | -€22,685 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,774 | €120,939 | -€20,835 | -14.7% |
| Other operating charges | 640/8 | €13,938 | €13,013 | -€925 | -6.6% |
| Non-recurring operating charges | 66A | €5,781 | €2,561 | -€3,220 | -55.7% |
| Gross operating margin | 9900 | €1,082,320 | €463,921 | -€618,399 | -57.1% |
| Operating profit (loss) | 9901 | €920,827 | €327,408 | -€593,419 | -64.4% |
| Financial income | 75/76B | €10,359 | €8,192 | -€2,168 | -20.9% |
| Recurring financial income | 75 | €10,359 | €8,192 | -€2,168 | -20.9% |
| Financial charges | 65/66B | €10,361 | €10,462 | +€101 | +1.0% |
| Recurring financial charges | 65 | €10,361 | €10,462 | +€101 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €920,826 | €325,139 | -€595,687 | -64.7% |
| Transfer from deferred taxes | 780 | €5,899 | €3,886 | -€2,013 | -34.1% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €239,923 | €89,210 | -€150,713 | -62.8% |
| Profit (loss) for the period | 9904 | €686,802 | €239,815 | -€446,987 | -65.1% |
| Transfer from tax-exempt reserves | 789 | €17,697 | €11,659 | -€6,038 | -34.1% |
| Transfer to tax-exempt reserves | 689 | €210,500 | €0 | -€210,500 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €493,999 | €251,474 | -€242,525 | -49.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.