HERMOS: 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
HERMOS
NACE 49.410, Freight transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€6,207
2024 · €224,995-€231,202
Equity
€2.3m
2024 · €2.4m-€35,427
Cash
€659,480
2024 · €428,424+€231,056
Balance sheet total
€7.0m
2024 · €7.6m-€556,527
Largest movements
Assets
- Tangible fixed assets -€921,911
down €921,911 (-17.5%), from €5.3m to €4.4m
of which Leasing and similar rights: -€642,792
- Cash +€231,056
up €231,056 (+53.9%), from €428,424 to €659,480
mainly Depreciation (+€1.2m) and Trade debts (+€828,244)
- Receivables within one year +€182,052
up €182,052 (+10.9%), from €1.7m to €1.8m
of which Other amounts receivable: +€915,836
Equity and liabilities
- Debts after one year -€1.5m
down €1.5m (-54.8%), from €2.6m to €1.2m
- Trade debts +€828,244
up €828,244 (+110%), from €749,712 to €1.6m
- Other debts +€263,147
up €263,147, from €0 to €263,147
- Current portion of long-term debt -€179,428
down €179,428 (-19.6%), from €917,219 to €737,791
- Short-term financial debts -€113,707
down €113,707 (-100%), from €113,707 to €0
Income statement
- Turnover +€526,689
up €526,689 (+5.3%), from €10.0m to €10.5m
- Staff costs +€224,057
up €224,057 (+5.3%), from €4.2m to €4.4m
- Services and other goods +€198,674
up €198,674 (+4.9%), from €4.1m to €4.3m
- Other operating income -€111,824
down €111,824 (-17.7%), from €632,035 to €520,211
- Depreciation +€109,076
up €109,076 (+10.2%), from €1.1m to €1.2m
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
€224,995
Turnover
+€526,689
Other operating income
-€111,824
Goods and materials
+€2,011
Services and other goods
-€198,674
Staff costs
-€224,057
Depreciation
-€109,076
Other operating charges
-€48,606
Other operating items
-€130,081
Financial income
+€24,430
Financial charges
-€4,635
Taxes
+€42,623
Result 2025
-€6,207
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
+€2.3m
Investment
-€262,962
Financing
-€1.8m
Cash 2024
€428,424
From operations (derived)
+€2.3m
Net result for the year
-€6,207
Depreciation
+€1.2m
Receivables within one year
-€182,052
Deferred charges and accrued income
+€49,594
Provisions
-€10,156
Trade debts
+€828,244
Tax, wage and social debts
+€65,538
Other debts
+€263,147
Accrued charges and deferred income
+€75,743
Investment (derived)
-€262,962
Investment in fixed assets (net)
-€262,962
Financing
-€1.8m
Debts after one year
-€1.5m
Current portion of long-term debt
-€179,428
Short-term financial debts
-€113,707
Contributions, distributions and other
-€29,220
Cash 2025
€659,480
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,555,954 | €6,999,427 | -€556,527 | -7.4% |
| Fixed assets | 21/28 | €5,281,055 | €4,361,014 | -€920,041 | -17.4% |
| Tangible fixed assets | 22/27 | €5,274,186 | €4,352,274 | -€921,911 | -17.5% |
| Land and buildings | 22 | €1,690,025 | €1,555,136 | -€134,889 | -8.0% |
| Plant, machinery and equipment | 23 | €597,204 | €503,988 | -€93,216 | -15.6% |
| Furniture and vehicles | 24 | €425,308 | €374,294 | -€51,014 | -12.0% |
| Leasing and similar rights | 25 | €2,561,648 | €1,918,856 | -€642,792 | -25.1% |
| Financial fixed assets | 28 | €6,869 | €8,740 | +€1,871 | +27.2% |
| Other financial fixed assets | 284/8 | €6,869 | €8,740 | +€1,871 | +27.2% |
| Amounts receivable and cash guarantees | 285/8 | €6,869 | €8,740 | +€1,871 | +27.2% |
| Current assets | 29/58 | €2,274,899 | €2,638,413 | +€363,514 | +16.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,666,783 | €1,848,835 | +€182,052 | +10.9% |
| Trade receivables | 40 | €1,613,378 | €879,594 | -€733,785 | -45.5% |
| Other amounts receivable | 41 | €53,405 | €969,241 | +€915,836 | +1,715% |
| Cash at bank and in hand | 54/58 | €428,424 | €659,480 | +€231,056 | +53.9% |
| Deferred charges and accrued income | 490/1 | €179,692 | €130,098 | -€49,594 | -27.6% |
| Total equity and liabilities | 10/49 | €7,555,954 | €6,999,427 | -€556,527 | -7.4% |
| Equity | 10/15 | €2,383,615 | €2,348,188 | -€35,427 | -1.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,219,566 | €2,213,359 | -€6,207 | -0.3% |
| Non-distributable reserves | 130/1 | €606,150 | €6,150 | -€600,000 | -99.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Other | 1319 | €600,000 | €0 | -€600,000 | -100% |
| Tax-exempt reserves | 132 | €1,188,702 | €1,158,234 | -€30,469 | -2.6% |
| Distributable reserves | 133 | €424,713 | €1,048,975 | +€624,262 | +147% |
| Investment grants | 15 | €102,549 | €73,329 | -€29,220 | -28.5% |
| Provisions and deferred taxes | 16 | €131,185 | €121,029 | -€10,156 | -7.7% |
| Deferred taxes | 168 | €131,185 | €121,029 | -€10,156 | -7.7% |
| Amounts payable | 17/49 | €5,041,154 | €4,530,211 | -€510,943 | -10.1% |
| Amounts payable after more than one year | 17 | €2,648,365 | €1,197,884 | -€1.5m | -54.8% |
| Financial debts | 170/4 | €2,648,365 | €1,197,884 | -€1.5m | -54.8% |
| Leasing and similar obligations | 172 | €1,787,204 | €1,197,884 | -€589,320 | -33.0% |
| Credit institutions | 173 | €861,161 | €0 | -€861,161 | -100% |
| Amounts payable within one year | 42/48 | €2,360,888 | €3,224,682 | +€863,794 | +36.6% |
| Current portion of amounts payable after more than one year | 42 | €917,219 | €737,791 | -€179,428 | -19.6% |
| Financial debts | 43 | €113,707 | €0 | -€113,707 | -100% |
| Credit institutions | 430/8 | €113,707 | €0 | -€113,707 | -100% |
| Trade debts | 44 | €749,712 | €1,577,957 | +€828,244 | +110% |
| Suppliers | 440/4 | €749,712 | €1,577,957 | +€828,244 | +110% |
| Taxes, remuneration and social security | 45 | €580,249 | €645,787 | +€65,538 | +11.3% |
| Taxes | 450/3 | €137,503 | €151,844 | +€14,341 | +10.4% |
| Remuneration and social security | 454/9 | €442,746 | €493,943 | +€51,197 | +11.6% |
| Other amounts payable | 47/48 | €0 | €263,147 | +€263,147 | |
| Accrued charges and deferred income | 492/3 | €31,902 | €107,645 | +€75,743 | +237% |
| Operating income | 70/76A | €10,782,255 | €11,064,869 | +€282,615 | +2.6% |
| Turnover | 70 | €10,017,969 | €10,544,658 | +€526,689 | +5.3% |
| Other operating income | 74 | €632,035 | €520,211 | -€111,824 | -17.7% |
| Non-recurring operating income | 76A | €132,250 | €0 | -€132,250 | -100% |
| Operating charges | 60/66A | €10,410,082 | €10,986,316 | +€576,233 | +5.5% |
| Goods for resale, raw materials and consumables | 60 | €9,663 | €7,652 | -€2,011 | -20.8% |
| Purchases | 600/8 | €9,663 | €7,652 | -€2,011 | -20.8% |
| Services and other goods | 61 | €4,071,701 | €4,270,375 | +€198,674 | +4.9% |
| Remuneration, social security and pensions | 62 | €4,216,161 | €4,440,218 | +€224,057 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,073,927 | €1,183,003 | +€109,076 | +10.2% |
| Other operating charges | 640/8 | €1,036,462 | €1,085,068 | +€48,606 | +4.7% |
| Non-recurring operating charges | 66A | €2,169 | €0 | -€2,169 | -100% |
| Operating profit (loss) | 9901 | €372,173 | €78,554 | -€293,619 | -78.9% |
| Financial income | 75/76B | €26,014 | €50,443 | +€24,430 | +93.9% |
| Recurring financial income | 75 | €26,014 | €50,443 | +€24,430 | +93.9% |
| Income from current assets | 751 | €4,077 | €10,344 | +€6,268 | +154% |
| Other financial income | 752/9 | €21,937 | €40,099 | +€18,162 | +82.8% |
| Financial charges | 65/66B | €120,658 | €125,293 | +€4,635 | +3.8% |
| Recurring financial charges | 65 | €120,658 | €125,293 | +€4,635 | +3.8% |
| Debt charges | 650 | €113,232 | €100,525 | -€12,707 | -11.2% |
| Other financial charges | 652/9 | €7,426 | €24,769 | +€17,343 | +234% |
| Profit (loss) for the period before taxes | 9903 | €277,528 | €3,704 | -€273,824 | -98.7% |
| Transfer from deferred taxes | 780 | €10,156 | €10,156 | = | 0.0% |
| Income taxes | 67/77 | €62,690 | €20,067 | -€42,623 | -68.0% |
| Taxes | 670/3 | €62,841 | €20,067 | -€42,774 | -68.1% |
| Tax adjustments and reversals of tax provisions | 77 | €151 | €0 | -€151 | -100% |
| Profit (loss) for the period | 9904 | €224,995 | -€6,207 | -€231,202 | |
| Transfer from tax-exempt reserves | 789 | €30,469 | €30,469 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €130,750 | €0 | -€130,750 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €124,713 | €24,262 | -€100,452 | -80.5% |
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 15 October 2026 via checked.be.