HERMOSA: 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.
HERMOSA
Largest movements
- Cash +€23,666
up €23,666 (+94.3%), from €25,090 to €48,756
mainly Depreciation (+€18,582) and Net result for the year (+€10,712)
- Tangible fixed assets -€10,028
down €10,028 (-7.0%), from €142,363 to €132,335
of which Land and buildings: -€7,927
- Reserves +€10,712
up €10,712 (+4.2%), from €257,607 to €268,319
of which Distributable reserves: +€19,626
- Gross operating margin +€12,914
up €12,914 (+42.5%), from €30,357 to €43,271
- Financial income -€4,876
down €4,876 (-55.0%), from €8,873 to €3,996
- Taxes +€2,392
up €2,392 (+35.3%), from €6,767 to €9,159
- Depreciation +€2,140
up €2,140 (+13.0%), from €16,442 to €18,582
- Financial charges -€782
down €782 (-8.7%), from €8,984 to €8,202
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 | €420,241 | €433,250 | +€13,009 | +3.1% |
| Fixed assets | 21/28 | €142,363 | €132,335 | -€10,028 | -7.0% |
| Tangible fixed assets | 22/27 | €142,363 | €132,335 | -€10,028 | -7.0% |
| Land and buildings | 22 | €135,790 | €127,863 | -€7,927 | -5.8% |
| Plant, machinery and equipment | 23 | €6,572 | €4,472 | -€2,100 | -32.0% |
| Current assets | 29/58 | €277,879 | €300,915 | +€23,037 | +8.3% |
| Amounts receivable within one year | 40/41 | €2,394 | €1,299 | -€1,095 | -45.7% |
| Other amounts receivable | 41 | €2,394 | €1,299 | -€1,095 | -45.7% |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,090 | €48,756 | +€23,666 | +94.3% |
| Deferred charges and accrued income | 490/1 | €394 | €860 | +€466 | +118.3% |
| Total equity and liabilities | 10/49 | €420,241 | €433,250 | +€13,009 | +3.1% |
| Equity | 10/15 | €276,199 | €286,911 | +€10,712 | +3.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €257,607 | €268,319 | +€10,712 | +4.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €62,417 | €53,504 | -€8,913 | -14.3% |
| Distributable reserves | 133 | €195,190 | €214,815 | +€19,626 | +10.1% |
| Provisions and deferred taxes | 16 | €20,806 | €17,835 | -€2,971 | -14.3% |
| Deferred taxes | 168 | €20,806 | €17,835 | -€2,971 | -14.3% |
| Amounts payable | 17/49 | €123,237 | €128,504 | +€5,267 | +4.3% |
| Amounts payable within one year | 42/48 | €115,696 | €120,869 | +€5,173 | +4.5% |
| Trade debts | 44 | €55 | €667 | +€612 | +1122.4% |
| Suppliers | 440/4 | €55 | €667 | +€612 | +1122.4% |
| Taxes, remuneration and social security | 45 | €2,653 | €3,267 | +€614 | +23.1% |
| Taxes | 450/3 | €2,653 | €3,267 | +€614 | +23.1% |
| Other amounts payable | 47/48 | €112,988 | €116,935 | +€3,947 | +3.5% |
| Accrued charges and deferred income | 492/3 | €7,541 | €7,635 | +€95 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,442 | €18,582 | +€2,140 | +13.0% |
| Other operating charges | 640/8 | €3,474 | €3,582 | +€108 | +3.1% |
| Gross operating margin | 9900 | €30,357 | €43,271 | +€12,914 | +42.5% |
| Operating profit (loss) | 9901 | €10,440 | €21,106 | +€10,666 | +102.2% |
| Financial income | 75/76B | €8,873 | €3,996 | -€4,876 | -55.0% |
| Recurring financial income | 75 | €8,873 | €3,996 | -€4,876 | -55.0% |
| Financial charges | 65/66B | €8,984 | €8,202 | -€782 | -8.7% |
| Recurring financial charges | 65 | €8,984 | €8,202 | -€782 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €10,329 | €16,900 | +€6,571 | +63.6% |
| Transfer from deferred taxes | 780 | €2,615 | €2,971 | +€356 | +13.6% |
| Income taxes | 67/77 | €6,767 | €9,159 | +€2,392 | +35.3% |
| Profit (loss) for the period | 9904 | €6,177 | €10,712 | +€4,536 | +73.4% |
| Transfer from tax-exempt reserves | 789 | €7,846 | €8,913 | +€1,067 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,023 | €19,626 | +€5,603 | +40.0% |
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 2 October 2026 via checked.be.