HERMOSA: 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.
HERMOSA
Largest movements
- Cash +€11,449
up €11,449 (+499%), from €2,295 to €13,744
mainly Net result for the year (+€22,386) and Trade debts (+€1,960)
- Profit (loss) carried forward +€22,386
up €22,386 (+5.8%), from €385,961 to €408,346
- Current portion of long-term debt -€8,495
down €8,495 (-74.7%), from €11,373 to €2,878
- Gross operating margin -€28,175
down €28,175 (-54.1%), from €52,082 to €23,907
- Taxes +€601
new in 2025: €601
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 | €617,692 | €630,666 | +€12,974 | +2.1% |
| Current assets | 29/58 | €617,692 | €630,666 | +€12,974 | +2.1% |
| Amounts receivable within one year | 40/41 | €615,397 | €615,136 | -€261 | 0.0% |
| Trade receivables | 40 | €388 | - | -€388 | |
| Other amounts receivable | 41 | €615,009 | €615,136 | +€127 | 0.0% |
| Cash at bank and in hand | 54/58 | €2,295 | €13,744 | +€11,449 | +499% |
| Deferred charges and accrued income | 490/1 | - | €1,785 | +€1,785 | |
| Total equity and liabilities | 10/49 | €617,692 | €630,666 | +€12,974 | +2.1% |
| Equity | 10/15 | €602,237 | €624,623 | +€22,386 | +3.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €197,676 | €197,676 | = | 0.0% |
| Tax-exempt reserves | 132 | €62,753 | €62,753 | = | 0.0% |
| Distributable reserves | 133 | €134,924 | €134,924 | = | 0.0% |
| Profit (loss) carried forward | 14 | €385,961 | €408,346 | +€22,386 | +5.8% |
| Amounts payable | 17/49 | €15,455 | €6,043 | -€9,412 | -60.9% |
| Amounts payable after more than one year | 17 | €2,878 | - | -€2,878 | |
| Financial debts | 170/4 | €2,878 | - | -€2,878 | |
| Amounts payable within one year | 42/48 | €11,978 | €6,043 | -€5,935 | -49.5% |
| Current portion of amounts payable after more than one year | 42 | €11,373 | €2,878 | -€8,495 | -74.7% |
| Trade debts | 44 | €605 | €2,565 | +€1,960 | +324% |
| Suppliers | 440/4 | €605 | €2,565 | +€1,960 | +324% |
| Taxes, remuneration and social security | 45 | - | €601 | +€601 | |
| Taxes | 450/3 | - | €601 | +€601 | |
| Accrued charges and deferred income | 492/3 | €600 | - | -€600 | |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €52,082 | €23,907 | -€28,175 | -54.1% |
| Operating profit (loss) | 9901 | €51,633 | €23,446 | -€28,187 | -54.6% |
| Financial charges | 65/66B | €822 | €459 | -€363 | -44.2% |
| Recurring financial charges | 65 | €822 | €459 | -€363 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €50,811 | €22,987 | -€27,824 | -54.8% |
| Income taxes | 67/77 | - | €601 | +€601 | |
| Profit (loss) for the period | 9904 | €50,811 | €22,386 | -€28,425 | -55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €50,811 | €22,386 | -€28,425 | -55.9% |
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.