HERMITCO: 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.
HERMITCO
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Short-term financial debts -€265,000
down €265,000 (-8.3%), from €3.2m to €2.9m
- Reserves +€242,357
up €242,357 (+26.1%), from €927,676 to €1.2m
of which Distributable reserves: +€242,357
- Gross operating margin -€55,912
down €55,912 (-41.9%), from €133,472 to €77,561
- Financial income +€55,540
up €55,540 (+20.1%), from €276,528 to €332,068
- Financial charges -€45,311
down €45,311 (-32.0%), from €141,420 to €96,109
- Taxes +€11,286
up €11,286 (+19.2%), from €58,878 to €70,165
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 | €7,228,422 | €7,230,099 | +€1,677 | 0.0% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Current assets | 29/58 | €7,228,422 | €7,230,099 | +€1,677 | 0.0% |
| Amounts receivable within one year | 40/41 | €209,277 | €221,407 | +€12,130 | +5.8% |
| Trade receivables | 40 | €12,100 | €0 | -€12,100 | -100.0% |
| Other amounts receivable | 41 | €197,177 | €221,407 | +€24,230 | +12.3% |
| Current investments | 50/53 | €6,940,937 | €6,940,937 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €33,910 | €14,135 | -€19,775 | -58.3% |
| Deferred charges and accrued income | 490/1 | €44,298 | €53,620 | +€9,322 | +21.0% |
| Total equity and liabilities | 10/49 | €7,228,422 | €7,230,099 | +€1,677 | 0.0% |
| Equity | 10/15 | €3,082,615 | €3,324,972 | +€242,357 | +7.9% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €927,676 | €1,170,033 | +€242,357 | +26.1% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €915,281 | €1,157,638 | +€242,357 | +26.5% |
| Profit (loss) carried forward | 14 | €2,030,993 | €2,030,993 | = | 0.0% |
| Amounts payable | 17/49 | €4,145,806 | €3,905,126 | -€240,680 | -5.8% |
| Amounts payable after more than one year | 17 | €900,000 | €900,000 | = | 0.0% |
| Financial debts | 170/4 | €900,000 | €900,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,245,806 | €3,005,126 | -€240,680 | -7.4% |
| Financial debts | 43 | €3,189,990 | €2,924,990 | -€265,000 | -8.3% |
| Credit institutions | 430/8 | €3,189,990 | €2,924,990 | -€265,000 | -8.3% |
| Trade debts | 44 | €1,187 | €1,333 | +€146 | +12.3% |
| Suppliers | 440/4 | €1,187 | €1,333 | +€146 | +12.3% |
| Taxes, remuneration and social security | 45 | €29,191 | €48,082 | +€18,891 | +64.7% |
| Taxes | 450/3 | €29,191 | €48,082 | +€18,891 | +64.7% |
| Other amounts payable | 47/48 | €25,438 | €30,720 | +€5,283 | +20.8% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65 | - | -€65 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €133,472 | €77,561 | -€55,912 | -41.9% |
| Operating profit (loss) | 9901 | €132,440 | €76,562 | -€55,877 | -42.2% |
| Financial income | 75/76B | €276,528 | €332,068 | +€55,540 | +20.1% |
| Recurring financial income | 75 | €276,528 | €332,068 | +€55,540 | +20.1% |
| Financial charges | 65/66B | €141,420 | €96,109 | -€45,311 | -32.0% |
| Recurring financial charges | 65 | €141,420 | €96,109 | -€45,311 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €267,547 | €312,522 | +€44,974 | +16.8% |
| Income taxes | 67/77 | €58,878 | €70,165 | +€11,286 | +19.2% |
| Profit (loss) for the period | 9904 | €208,669 | €242,357 | +€33,688 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €208,669 | €242,357 | +€33,688 | +16.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.